v3.26.1
Property and Equipment, Net
 12 Months Ended
Apr. 30, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment include the following:
April 30,
20262025
(in thousands)
Computer equipment and software (1)
$546,155 $485,901 
Leasehold improvements57,746 71,485 
Furniture and fixtures37,774 40,332 
Automobiles6,185 3,609 
Property and equipment, gross
647,860 601,327 
Less: accumulated depreciation and amortization(456,329)(427,717)
Property and equipment, net$191,531 $173,610 
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(1)Depreciation expense for capitalized software was $60.8 million, $41.0 million and $36.5 million during fiscal 2026, 2025 and 2024, respectively. Depreciation expense for capitalized software includes $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform during fiscal 2026. The net book value of the Company’s computer software costs included in property and equipment, net was $162.0 million and $144.0 million as of April 30, 2026 and 2025, respectively.
Depreciation expense for property and equipment was $74.5 million, $55.3 million and $52.4 million during fiscal 2026, 2025 and 2024, respectively.