Credit Losses

9 Months Ended

Jan. 31, 2026

The activity in the allowance for credit losses on the Company’s trade receivables is as follows:


	(in thousands)
Balance at April 30, 2025	$	40,461
Provision for credit losses	13,977
Write-offs	(9,318)
Recoveries of amounts previously written off	131
Foreign currency translation	739
Balance at January 31, 2026	$	45,990

The fair value and unrealized losses on available-for-sale debt securities, aggregated by investment category and the length of time the security has been in an unrealized loss position as January 31, 2026 and April 30, 2025, are as follows:


	Less Than 12 Months				12 Months or longer				Balance Sheet Classification
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Cash and Cash Equivalent		Marketable Securities, Current		Marketable Securities, Non- Current

	(in thousands)
Balance at January 31, 2026

Corporate notes/bonds	$	12,845	$	11	$	—	$	—	$	—	$	2,034	$	10,811

Balance at April 30, 2025
Commercial paper	$	3,841	$	1	$	—	$	—	$	500	$	3,341	$	—
Corporate notes/bonds	$	7,803	$	10	$	—	$	—	$	—	$	4,630	$	3,173

The Company only purchases high grade bonds that have a maturity from the date of purchase of no more than two years. The Company monitors the creditworthiness of its investments on a quarterly basis. The Company does not intend to sell the investments and does not believe it will be required to sell the investments before the investments mature and therefore recover the amortized cost basis.