Intangibles

9 Months Ended

Jan. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

Intangibles

The components of customer relationship intangibles were:

	January 31,		April 30,
(in thousands)	2023		2022
Customer relationship intangibles	$	274,000	$	274,000
Less accumulated amortization	(232,139)		(197,889)
Total	$	41,861	$	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 January 31, 2023 and 2022 was $11.4 million and $11.4 million, respectively, and $34.2 million and $34.2 million, respectively, for each of the nine month periods ended January 31, 2023 and 2022.