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Leases (Tables)
12 Months Ended
Apr. 30, 2023
Leases [Abstract]  
Schedule of Lease Costs
The components of lease costs were as follows:
 FISCAL YEARS ENDED APRIL 30,
(in thousands)202320222021
Finance lease cost:
Reduction in the carrying value of right-of-use assets$1,720 $1,404 $635 
Interest on lease liabilities$105 $106 $73 
Operating lease cost$26,592 $27,610 $27,192 
Additional information related to leases was as follows:
 FISCAL YEARS ENDED APRIL 30,
(dollars in thousands)202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases$105 $106 $73 
Operating cash flows for operating leases$26,906 $25,100 $24,371 
Financing cash flows for financing leases$1,714 $1,379 $608 
Right-of-use assets obtained in exchange for new finance lease liabilities$1,138 $1,862 $2,222 
Right-of-use assets obtained in exchange for new operating lease liabilities$11,109 $7,482 $8,914 
Weighted average remaining lease term (years)
Weighted average remaining lease term - finance leases1.992.322.95
Weighted average remaining lease term - operating leases4.845.776.62
Weighted average discount rate
Weighted average discount rate - finance leases3.69 %2.91 %2.95 %
Weighted average discount rate - operating leases3.35 %3.2 %3.23 %
Finance Lease, Liability, Maturity
The following is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on the consolidated balance sheet as of April 30, 2023:
FISCAL YEAROPERATING (in thousands)FINANCING (in thousands)
2024$27,907 $2,359 
202524,014 1,009 
202621,181 361 
202716,647 78 
202814,604 48 
Thereafter10,615 — 
Total lease payments114,968 3,855 
Less imputed interest(8,820)(153)
Total lease liability$106,148 $3,702 
Current maturities(24,778)(2,263)
Long-term lease liability$81,370 $1,439 
Lease right-of-use assets$99,526 $9,101 
Lessee, Operating Lease, Liability, Maturity
The following is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on the consolidated balance sheet as of April 30, 2023:
FISCAL YEAROPERATING (in thousands)FINANCING (in thousands)
2024$27,907 $2,359 
202524,014 1,009 
202621,181 361 
202716,647 78 
202814,604 48 
Thereafter10,615 — 
Total lease payments114,968 3,855 
Less imputed interest(8,820)(153)
Total lease liability$106,148 $3,702 
Current maturities(24,778)(2,263)
Long-term lease liability$81,370 $1,439 
Lease right-of-use assets$99,526 $9,101