v3.26.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Jul. 31, 2026
Accounting Policies [Abstract]  
Summary of Restricted Cash
Restricted cash consisted of the following at July 31, 2026 and April 30, 2026:
(In thousands)July 31, 2026April 30, 2026
Restricted cash from collections on auto finance receivables for non-recourse notes payable$35,531$38,385
Restricted cash on deposit in reserve accounts for non-recourse notes payable 41,85241,848
Restricted cash for letter of credit5,0624,451
Restricted Cash$82,445$84,684
Summary of Property and Equipment, Estimated Useful Lives Depreciation is computed principally using the straight-line method generally over the following estimated useful lives:
Furniture, fixtures and equipment
3 to 7 years
Leasehold improvements
5 to 15 years
Buildings and improvements
18 to 39 years
A summary of property and equipment is as follows:
(In thousands)July 31, 2026April 30, 2026
Land$11,576 $11,883 
Buildings and improvements18,686 21,718 
Furniture, fixtures and equipment24,510 25,911 
Leasehold improvements35,951 47,261 
Construction in progress313 297 
Less: accumulated depreciation and amortization(50,949)(64,215)
Property and equipment, net$40,087 $42,855 
Summary of Sales by Product and Service
Sales for the three months ended July 31, 2026 and 2025 consisted of the following:
Three Months Ended
July 31,
(In thousands)20262025
Sales – used autos$45,400 $234,985 
Wholesales – third party21,020 10,794 
Service contract sales16,257 21,793 
Accident protection plan revenue7,225 8,668 
Total$89,902 $276,240