We have operating leases with contractual obligations as a lessee with respect to offices, warehouses and distribution centers, automobiles, and office equipment.

For operating leases, the ROU assets and liabilities as of April 30 are presented in our Consolidated Statements of Financial Position as follows:



	2026		2025

Operating lease ROU assets	$	57,128	$	66,128
Short-term portion of operating lease liabilities	15,954		18,282
Operating lease liabilities, non-current	$	69,544	$	81,482

As a result of the Global Restructuring Program, which included the exit of certain leased office space, we recorded restructuring and related charges, which included impairment charges and the acceleration of expense associated with certain operating lease ROU assets. See Note 7, “Restructuring and Related Charges” for more information on this program and the charges incurred.



	For the Years Ended April 30,

	2026		2025		2024
Operating lease cost	$	14,107	$	14,613	$	14,575
Variable lease cost	710		833		1,096
Short-term lease cost	378		455		1,059
Sublease income	(367)		(560)		(847)
Total net lease cost (1)	$	14,828	$	15,341	$	15,883


(1)			Total net lease cost does not include those costs and sublease income for operating leases identified as part of our restructuring programs, which are included in Restructuring and related charges on our Consolidated Statements of Income (Loss). See Note 7, “Restructuring and Related Charges” for more information on these programs.



	For the Years Ended April 30,

	2026			2025			2024

Weighted-average remaining contractual lease term (years)	6			7			7
Weighted-average discount rate	6.23		%	6.16		%	6.05		%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	22,704		$	22,209		$	25,852
Operating lease liabilities arising from obtaining ROU assets	$	1,642		$	1,646		$	2,199

The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in the Consolidated Statement of Financial Position as of April 30, 2026:


Fiscal Year	Operating Lease Liabilities
2027	$	20,180
2028	16,545
2029	15,199
2030	14,706
2031	14,457
Thereafter	21,635
Total future undiscounted minimum lease payments	102,722

Less: Imputed interest	17,224

Present value of minimum lease payments	85,498

Less: Current portion	15,954

Noncurrent portion	$	69,544