Income Taxes (Tables)

12 Months Ended

Apr. 30, 2026

Schedule of (Benefit) Provision for Income Taxes

The (benefit) provision for income taxes were as follows:



	For the Years Ended April 30,
	2026		2025		2024
Current provision
US – Federal	$	4,445	$	5,497	$	2,152
International	62,254		50,300		49,357
State and local	1,454		1,981		(337)
Total current provision	$	68,153	$	57,778	$	51,172
Deferred (benefit) provision
US – Federal	$	(53,217)	$	3,394	$	(25,026)
International	(10,993)		1,696		(4,772)
State and local	(10,474)		(4,151)		(8,102)
Total deferred (benefit) provision	$	(74,684)	$	939	$	(37,900)
Total (benefit) provision	$	(6,531)	$	58,717	$	13,272

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,
	2026		2025		2024
International	$	192,809	$	189,781	$	109,616
United States	22,277		(46,903)		(296,663)
Total	$	215,086	$	142,878	$	(187,047)

Schedule of Effective Income Tax Rate Reconciliation

reconciliation of our US federal statutory tax rate to our effective income tax rate, presented as both a rate and dollar amount, is as follows:



	For the Year Ended April 30, 2026
US federal statutory rate	$	45,168	21.0	%
State and local income tax, net of federal (national) income tax effect(1)	(9,478)		(4.4)	%
Foreign tax effects
United Kingdom	5,773		2.7	%
Germany
Statutory tax rate difference	(4,630)		(2.2)	%
Changes in future corporate income tax rate	(4,286)		(2.0)	%
Trade tax	12,225		5.7	%
Other	905		0.4	%
Hong Kong
Pillar II top-up tax	2,611		1.2	%
Tax exemption	(2,873)		(1.3)	%
Other	(782)		(0.4)	%
Brazil
Withholding tax	2,686		1.2	%
Other	59		—	%
Australia	2,164		1.0	%
Other foreign jurisdictions	599		0.3	%
Effect of changes in tax laws or rates enacted in the current period	—		—	%
Effect of cross-border tax laws
Net controlled foreign corporation tested income	3,942		1.8	%
Foreign-derived deduction eligible income	(5,049)		(2.3)	%
Tax credits	(1,737)		(0.8)	%
Changes in valuation allowances	(57,019)		(26.4)	%
Nontaxable or nondeductible items	3,482		1.6	%
Worldwide changes in unrecognized tax benefits	333		0.2	%
Other adjustments	(624)		(0.3)	%
Effective income tax rate	$	(6,531)	(3.0)	%


(1)			State taxes in California, New Jersey, Illinois, Pennsylvania, Massachusetts, Maryland, and New York made up the majority (greater than 50 percent) of the tax effect in this category

Prior to the adoption of ASU 2023-09, 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,
	2025		2024
US federal statutory rate	21.0	%	21.0	%
Impact of foreign operations	8.8	%	(11.7)	%
Change in valuation allowance	14.4	%	(14.0)	%
State income taxes, net of US federal tax benefit	(1.5)	%	4.6	%
Tax credits and related net benefits	(2.7)	%	1.8	%
Impairment of goodwill	—	%	(10.9)	%
Return to provision	(1.9)	%	6.1	%
Other	3.0	%	(4.0)	%
Effective income tax rate	41.1	%	(7.1)	%

Schedule of Cash Paid for Income Taxes, Net of Refunds

Cash paid for income taxes, net of refunds received, by jurisdiction is as follows:



	For the Year Ended April 30, 2026
Federal	$	410
State and local	1,789
International
UK	21,317
Germany	20,910
Australia	8,377
Other	5,621
Cash paid for income taxes, net of refunds received	$	58,424

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,
	2026		2025
Balance at May 1	$	9,797	$	9,151
Additions for current year tax positions	1,428		1,423

Reductions for prior year tax positions	(119)		(337)


Reductions for lapse of statute of limitations	(887)		(440)
Balance April 30	$	10,219	$	9,797

Schedule of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities as of April 30 were as follows:



	2026		2025
Net operating losses	$	7,437	$	11,360
Capital losses	2,948		—
Reserve for sales returns and doubtful accounts	2,988		2,095
Accrued employee compensation	20,946		24,967
Foreign and federal credits	23,891		28,835
Other accrued expenses	1,039		1,009
Retirement and post-employment benefits	5,491		8,282
Operating lease liabilities	16,685		18,308
Interest expense disallowance	6,689		14,919
Impairment	—		9,543
Other	517		415
Total gross deferred tax assets	$	88,631	$	119,733
Less valuation allowance	(7,282)		(77,309)
Total deferred tax assets	$	81,349	$	42,424

Prepaid expenses and other assets	$	(813)	$	(861)
Unremitted foreign earnings	(2,220)		(2,220)
Intangible and fixed assets	(108,088)		(130,077)
Right-of-use assets	(10,289)		(10,848)
Total deferred tax liabilities	$	(121,410)	$	(144,006)
Net deferred tax liabilities	$	(40,061)	$	(101,582)

Reported As
Deferred tax assets	$	58,911	$	3,563
Deferred tax liabilities	(98,972)		(105,145)
Net deferred tax liabilities	$	(40,061)	$	(101,582)