v3.26.1
Operating Leases
 3 Months Ended
Jul. 31, 2026
Leases [Abstract]  
Operating Leases Operating Leases
We have contractual obligations as a lessee with respect to offices, warehouses and distribution centers, automobiles, and office equipment.
For operating leases, the right-of-use (ROU) assets and liabilities are presented on our Unaudited Condensed Consolidated Statements of Financial Position as follows:
July 31, 2026April 30, 2026
Operating lease ROU assets$56,478 $57,128 
Short-term portion of operating lease liabilities16,111 15,954 
Operating lease liabilities, non-current$67,493 $69,544 
As a result of our restructuring programs, which included the exit of certain leased office space, we record ongoing facility charges associated with certain operating lease ROU assets. See Note 9, “Restructuring and Related Charges” for more information on this program and the charges incurred.
Our total net lease costs are as follows:
Three Months Ended
July 31,
20262025
Operating lease cost$3,460 $3,604 
Variable lease cost283 210 
Short-term lease cost96 102 
Sublease income(82)(95)
Total net lease cost (1)
$3,757 $3,821 
(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 Unaudited Condensed Consolidated Statements of Net (Loss) Income. See Note 9, “Restructuring and Related Charges” for more information on these programs.

Other supplemental information includes the following:
Three Months Ended
July 31,
20262025
Weighted-average remaining contractual lease term (years)67
Weighted-average discount rate6.23 %6.19 %
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,451$5,993
Operating lease liabilities arising from obtaining ROU assets$2,323$578
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 our Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2026:
Fiscal YearOperating Lease
Liabilities
2027 (remaining 9 months)$15,412 
202817,426 
202915,947 
203014,796 
203114,441 
Thereafter21,631 
Total future undiscounted minimum lease payments99,653 
 
Less: Imputed interest16,049 
 
Present value of minimum lease payments83,604 
 
Less: Current portion16,111 
 
Noncurrent portion$67,493