Financial Instruments (Tables)

12 Months Ended

Apr. 30, 2026

Schedule of Financial Instruments and Balance Sheet Classification

The following tables show the Company’s financial instruments and balance sheet classification as of April 30, 2026 and 2025:


	April 30, 2026
	Fair Value Measurement								Balance Sheet Classification
	Cost		Unrealized 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	$	1,508	$	—	$	(2)	$	1,506	$	—	$	1,506	$	—	$	—
Corporate notes/bonds	40,473		18		(59)		40,432		—		23,457		16,975		—
U.S. Treasury and Agency Securities	501		1		—		502		—		502		—		—
Total debt investments	$	42,482	$	19	$	(61)	$	42,440	$	—	$	25,465	$	16,975	$	—

Changes in Fair Value Recorded in
Net Income
Level 1:
Mutual funds (1)							$	243,606	$	—	$	13,449	$	230,157	$	—
Total equity investments							$	243,606	$	—	$	13,449	$	230,157	$	—
Cash							$	783,125	$	783,125	$	—	$	—	$	—
Money market funds							312,320		312,320		—		—		—
Level 2:
Foreign currency forward contracts							283		—		—		—		283
Total							$	1,381,774	$	1,095,445	$	38,914	$	247,132	$	283


	April 30, 2025
	Fair Value Measurement								Balance Sheet Classification
	Cost		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Marketable Securities, Current		Marketable Securities, Non-current		Income Taxes and 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/bonds	32,747		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 funds							302,373		302,373		—		—		—
Level 2:
Foreign currency forward contracts							891		—		—		—		891
Total							$	1,277,869	$	1,006,964	$	36,388	$	233,626	$	891

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(1)These investments are held in trust for settlement of the Company’s vested obligations of $222.1 million and $205.3 million as of April 30, 2026 and 2025, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $18.9 million and $19.5 million as of April 30, 2026 and 2025, respectively. During fiscal 2026, 2025 and 2024 the fair value of the investments increased; therefore, the Company recognized income of $31.9 million, $17.1 million and $29.8 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 April 30, 2026 and 2025:


	April 30, 2026
	Fair Value Measurement								Balance Sheet Classification
	Cost		Unrealized 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	$	1,508	$	—	$	(2)	$	1,506	$	—	$	1,506	$	—	$	—
Corporate notes/bonds	40,473		18		(59)		40,432		—		23,457		16,975		—
U.S. Treasury and Agency Securities	501		1		—		502		—		502		—		—
Total debt investments	$	42,482	$	19	$	(61)	$	42,440	$	—	$	25,465	$	16,975	$	—

Changes in Fair Value Recorded in
Net Income
Level 1:
Mutual funds (1)							$	243,606	$	—	$	13,449	$	230,157	$	—
Total equity investments							$	243,606	$	—	$	13,449	$	230,157	$	—
Cash							$	783,125	$	783,125	$	—	$	—	$	—
Money market funds							312,320		312,320		—		—		—
Level 2:
Foreign currency forward contracts							283		—		—		—		283
Total							$	1,381,774	$	1,095,445	$	38,914	$	247,132	$	283


	April 30, 2025
	Fair Value Measurement								Balance Sheet Classification
	Cost		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Marketable Securities, Current		Marketable Securities, Non-current		Income Taxes and 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/bonds	32,747		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 funds							302,373		302,373		—		—		—
Level 2:
Foreign currency forward contracts							891		—		—		—		891
Total							$	1,277,869	$	1,006,964	$	36,388	$	233,626	$	891

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