v3.25.2
Income Taxes (Tables)
 12 Months Ended
Apr. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Expense
The provision for income taxes were as follows:
For the Years Ended April 30,
202520242023
Current provision
US – Federal$5,497 $2,152 $2,857 
International50,300 49,357 48,694 
State and local1,981 (337)1,797 
Total current provision$57,778 $51,172 $53,348 
Deferred provision (benefit)
US – Federal$3,394 $(25,026)$(24,368)
International1,696 (4,772)(8,705)
State and local(4,151)(8,102)(4,408)
Total deferred provision (benefit)$939 $(37,900)$(37,481)
Total provision$58,717 $13,272 $15,867 
Schedule of Income Before Income Tax, Domestic and Foreign
International and United States pretax income (loss) were as follows:
For the Years Ended April 30,
202520242023
International$189,781 $109,616 $204,055 
United States(46,903)(296,663)(170,955)
Total$142,878 $(187,047)$33,100 
Schedule of Effective Income Tax Rate Reconciliation
Our effective income tax rate as a percentage of pretax income differed from the US federal statutory rate as shown below:
For the Years Ended April 30,
202520242023
US federal statutory rate21.0 %21.0 %21.0 %
Impact of foreign operations8.8 %(11.7)%(10.5)%
Change in valuation allowance14.4 %(14.0)%(7.4)%
State income taxes, net of US federal tax benefit(1.5)%4.6 %(7.2)%
Tax credits and related net benefits(2.7)%1.8 %(12.1)%
Impairment of goodwill— %(10.9)%66.7 %
Return to provision(1.9)%6.1 %(13.7)%
Other3.0 %(4.0)%11.1 %
Effective income tax rate41.1 %(7.1)%47.9 %
Schedule of Unrecognized Tax Benefits
A reconciliation of the unrecognized tax benefits included within the Other long-term liabilities on the Consolidated Statements of Financial Position is as follows:
For the Years Ended April 30,
20252024
Balance at May 1$9,151 $9,421 
Additions for current year tax positions1,423 1,607 
Reductions for prior year tax positions(337)(181)
Payments and settlements— (849)
Reductions for lapse of statute of limitations(440)(847)
Balance at April 30$9,797 $9,151 
Schedule of Deferred Tax Assets and Liabilities The significant components of deferred tax assets and liabilities as of April 30 were as follows:
20252024
Net operating losses$11,360 $22,587 
Reserve for sales returns and doubtful accounts2,095 2,363 
Accrued employee compensation24,967 27,293 
Foreign and federal credits28,835 33,742 
Other accrued expenses1,009 3,822 
Retirement and post-employment benefits8,282 10,203 
Operating lease liabilities18,308 23,095 
Interest expense disallowance14,919 10,676 
Impairment
9,543 — 
Other
415 — 
Total gross deferred tax assets$119,733 $133,781 
Less valuation allowance(77,309)(53,498)
Total deferred tax assets$42,424 $80,283 
Prepaid expenses and other assets$(861)$(5,352)
Unremitted foreign earnings(2,220)(3,115)
Intangible and fixed assets(130,077)(155,862)
Right-of-use assets(10,848)(12,685)
Total deferred tax liabilities$(144,006)$(177,014)
Net deferred tax liabilities$(101,582)$(96,731)
Reported As
Deferred tax assets excluding held-for-sale
3,563 3,147 
Deferred tax assets held-for-sale
— 6,176 
   Deferred tax assets$3,563 $9,323 
Deferred tax liabilities excluding held-for-sale
(105,145)(97,186)
Deferred tax liabilities held-for-sale
— (8,868)
   Deferred tax liabilities(105,145)(106,054)
   Net deferred tax liabilities$(101,582)$(96,731)