Intangible Assets and Trademarks

12 Months Ended

Apr. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Trademarks

Customer Relationships Intangibles

The components of customer relationships intangibles were:

	APRIL 30,
(in thousands)	2023		2022
Customer relationship intangibles	$	274,000	$	274,000
Less accumulated amortization	(243,556)		(197,889)
Total	$	30,444	$	76,111

Customer relationships intangibles are amortized over the estimated useful lives on a straight-line basis over six years. Amortization expense on customer relationships intangibles amounted to $45.7 million and $45.7 million for the years ended April 30, 2023 and 2022, respectively.