Intangibles

6 Months Ended

Oct. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

Intangibles

The components of customer relationship intangibles were:

	October 31,		April 30,
(in thousands)	2022		2022
Customer relationship intangibles	$	274,000	$	274,000
Less accumulated amortization	(220,722)		(197,889)
Total	$	53,278	$	76,111

Customer relationship intangibles are amortized over the estimated useful lives on a straight-line basis over six years. Amortization expense for the three month periods ended October 31, 2022 and 2021 was $11.4 million and $11.4 million, respectively, and $22.8 million and $22.8 million, respectively, for each of the six month periods ended October 31, 2022 and 2021.