v3.25.4
Financial Instruments (Tables)
 9 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments and Balance Sheet Classification
The following tables show the Company’s financial instruments and balance sheet classification as of January 31, 2026 and April 30, 2025:
January 31, 2026
Fair Value MeasurementBalance Sheet Classification
CostUnrealized
Gains		Unrealized
Losses		Fair
Value		Cash and
Cash
Equivalents		Marketable
Securities,
Current		Marketable
Securities,
Non-
current
Income Taxes & Other Receivables
(in thousands)
Changes in Fair Value Recorded in
Other Comprehensive Income
Level 2:
Corporate notes/bonds$41,509 $73 $(11)$41,571 $— $23,344 $18,227 $— 
U.S. Treasury and Agency Securities501 3 — 504 — 504 — — 
Total debt investments$42,010 $76 $(11)$42,075 $— $23,848 $18,227 $— 
Changes in Fair Value Recorded in
Net Income
Level 1:
Mutual funds (1)
$238,037 $— $14,519 $223,518 $— 
Total equity investments$238,037 $— $14,519 $223,518 $— 
Cash$703,143 $703,143 $— $— $— 
Money market funds235,222 235,222 — — — 
Level 2:
Foreign currency forward contracts1,071 — — — 1,071 
Total$1,219,548 $938,365 $38,367 $241,745 $1,071 
April 30, 2025
Fair Value Measurement Balance Sheet Classification
CostUnrealized
Gains		Unrealized
Losses		Fair
Value		Cash and
Cash
Equivalents		Marketable
Securities,
Current		Marketable
Securities,
Non-current
Income Taxes & Other Receivables
(in thousands)
Changes in Fair Value Recorded in
Other Comprehensive Income
Level 2:
Commercial paper$3,842 $— $(1)$3,841 $500 $3,341 $— $— 
Corporate notes/bonds32,747 83 (10)32,820 — 18,709 14,111 — 
U.S. Treasury and Agency Securities
3,497 4 — 3,501 — 1,995 1,506 — 
Total debt investments$40,086 $87 $(11)$40,162 $500 $24,045 $15,617 $— 
Changes in Fair Value Recorded in
Net Income
Level 1:
Mutual funds (1)
$230,352 $— $12,343 $218,009 $— 
Total equity investments$230,352 $— $12,343 $218,009 $— 
Cash$704,091 $704,091 $— $— $— 
Money market funds302,373 302,373 — — — 
Level 2:
Foreign currency forward contracts891 — — — 891 
Total$1,277,869 $1,006,964 $36,388 $233,626 $891 
___________________
(1)
These investments are held in trust for settlement of the Company’s vested obligations of $220.0 million and $205.3 million as of January 31, 2026 and April 30, 2025, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $18.8 million and $19.5 million as of January 31, 2026 and April 30, 2025, respectively. During the three and nine months ended January 31, 2026, the fair value of the investments increased; therefore, the Company recognized a gain of $7.1 million and $26.1 million, respectively, which was recorded in other income, net. During the three and nine months ended January 31, 2025, the fair value of the investments increased; therefore, the Company recognized a gain of $9.1 million and $28.0 million, respectively, which was recorded in other income, net.
Schedule of Financial Instruments and Balance Sheet Classification
The following tables show the Company’s financial instruments and balance sheet classification as of January 31, 2026 and April 30, 2025:
January 31, 2026
Fair Value MeasurementBalance Sheet Classification
CostUnrealized
Gains		Unrealized
Losses		Fair
Value		Cash and
Cash
Equivalents		Marketable
Securities,
Current		Marketable
Securities,
Non-
current
Income Taxes & Other Receivables
(in thousands)
Changes in Fair Value Recorded in
Other Comprehensive Income
Level 2:
Corporate notes/bonds$41,509 $73 $(11)$41,571 $— $23,344 $18,227 $— 
U.S. Treasury and Agency Securities501 3 — 504 — 504 — — 
Total debt investments$42,010 $76 $(11)$42,075 $— $23,848 $18,227 $— 
Changes in Fair Value Recorded in
Net Income
Level 1:
Mutual funds (1)
$238,037 $— $14,519 $223,518 $— 
Total equity investments$238,037 $— $14,519 $223,518 $— 
Cash$703,143 $703,143 $— $— $— 
Money market funds235,222 235,222 — — — 
Level 2:
Foreign currency forward contracts1,071 — — — 1,071 
Total$1,219,548 $938,365 $38,367 $241,745 $1,071 
April 30, 2025
Fair Value Measurement Balance Sheet Classification
CostUnrealized
Gains		Unrealized
Losses		Fair
Value		Cash and
Cash
Equivalents		Marketable
Securities,
Current		Marketable
Securities,
Non-current
Income Taxes & Other Receivables
(in thousands)
Changes in Fair Value Recorded in
Other Comprehensive Income
Level 2:
Commercial paper$3,842 $— $(1)$3,841 $500 $3,341 $— $— 
Corporate notes/bonds32,747 83 (10)32,820 — 18,709 14,111 — 
U.S. Treasury and Agency Securities
3,497 4 — 3,501 — 1,995 1,506 — 
Total debt investments$40,086 $87 $(11)$40,162 $500 $24,045 $15,617 $— 
Changes in Fair Value Recorded in
Net Income
Level 1:
Mutual funds (1)
$230,352 $— $12,343 $218,009 $— 
Total equity investments$230,352 $— $12,343 $218,009 $— 
Cash$704,091 $704,091 $— $— $— 
Money market funds302,373 302,373 — — — 
Level 2:
Foreign currency forward contracts891 — — — 891 
Total$1,277,869 $1,006,964 $36,388 $233,626 $891 
___________________
(1)
These investments are held in trust for settlement of the Company’s vested obligations of $220.0 million and $205.3 million as of January 31, 2026 and April 30, 2025, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $18.8 million and $19.5 million as of January 31, 2026 and April 30, 2025, respectively. During the three and nine months ended January 31, 2026, the fair value of the investments increased; therefore, the Company recognized a gain of $7.1 million and $26.1 million, respectively, which was recorded in other income, net. During the three and nine months ended January 31, 2025, the fair value of the investments increased; therefore, the Company recognized a gain of $9.1 million and $28.0 million, respectively, which was recorded in other income, net.
Schedule of Fair Value of Assets Derivatives
The fair value of derivatives not designated as hedge instruments are as follows:
January 31,
2026		April 30,
2025
(in thousands)
Derivative assets:
Foreign currency forward contracts$1,711 $2,486 
Derivative liabilities:  
Foreign currency forward contracts$640 $1,595 
Schedule of Fair Value of Liabilities Derivatives
The fair value of derivatives not designated as hedge instruments are as follows:
January 31,
2026		April 30,
2025
(in thousands)
Derivative assets:
Foreign currency forward contracts$1,711 $2,486 
Derivative liabilities:  
Foreign currency forward contracts$640 $1,595