Intangibles

6 Months Ended

Oct. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

Intangibles

The components of customer relationship intangibles were:

	October 31,		April 30,
(in thousands)	2023		2023
Customer relationship intangibles	$	274,000	$	274,000
Less accumulated amortization	(266,389)		(243,556)
Total	$	7,611	$	30,444

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, 2023 and 2022 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, 2023 and 2022.