GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Jan. 31, 2026

GOODWILL AND INTANGIBLE ASSETS

Schedule of intangible assets excluding goodwill

The following is a summary of intangible assets, excluding goodwill, recorded as Intangible assets, net on the Company’s Condensed Consolidated Balance Sheets as of January 31, 2026 and April 30, 2025 (in thousands):


	January 31, 2026
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Weighted-Average Remaining Life (years)
Trade name	$	45,000		N/A			$	45,000		Indefinite
Customer relationships		50,000			(6,305	)		43,695			11.4
Total	$	95,000		$	(6,305	)	$	88,695


	April 30, 2025
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Weighted-Average Remaining Life (years)
Trade name	$	45,000		N/A			$	45,000		Indefinite
Customer relationships		50,000			(3,419	)		46,581			12.2
Total	$	95,000		$	(3,419	)	$	91,581

Schedule of Estimated amortization expense of the intangible assets to be recognized

Estimated amortization expense of the intangible assets to be recognized by the Company are as follows (in thousands):


Fiscal Year ended April 30,		Amount
Remainder of 2026		$	962
2027			3,846
2028			3,846
2029			3,846
2030			3,846
Thereafter			27,349
Total		$	43,695