Leases (Tables)

12 Months Ended

Apr. 30, 2026

The components of lease expense were as follows:


	Year Ended April 30,
	2026		2025		2024

	(in thousands)
Finance lease cost
Amortization of ROU assets	$	1,805	$	1,464	$	1,605
Interest on lease liabilities	205		176		212
	2,010		1,640		1,817
Operating lease cost	48,397		47,939		46,956
Short-term lease cost	894		873		876
Variable lease cost	10,987		10,877		13,324
Gain on modification of office lease	(13,907)		—		—
Lease impairment cost	—		2,452		1,629
Sublease income	(6,215)		(4,965)		(4,359)
Total lease cost	$	42,166	$	58,816	$	60,243

Supplemental cash flow information related to leases was as follows:


	Year Ended April 30,
	2026		2025		2024

	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	44,012	$	52,033	$	51,879
Financing cash flows from finance leases	$	2,071	$	1,631	$	1,776

ROU assets obtained in exchange for lease obligations:
Operating leases	$	62,893	$	27,430	$	60,279
Finance leases	$	3,125	$	811	$	906

Supplemental balance sheet information related to leases was as follows:


	Year Ended April 30,
	2026			2025

	(in thousands)
Finance Leases:

Property and equipment, at cost	$	9,734		$	7,233
Accumulated depreciation	(5,183)			(4,210)
Property and equipment, net	$	4,551		$	3,023

Other accrued liabilities	$	1,915		$	1,369
Other liabilities	2,682			1,770
Total finance lease liabilities	$	4,597		$	3,139

Weighted average remaining lease terms:
Operating leases	7.9 years			7.0 years
Finance leases	2.7 years			2.6 years

Weighted average discount rate:
Operating leases	6.0		%	5.9		%
Finance leases	5.4		%	5.7		%

Maturities of lease liabilities are as follows: