GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Jul. 31, 2026

GOODWILL AND INTANGIBLE ASSETS

Schedule of intangible assets excluding goodwill

The following is a summary of intangible assets, excluding goodwill, recorded as Intangible assets, net on the Company’s Condensed Consolidated Balance Sheets as of July 31, 2026 and April 30, 2026 (in thousands):


	July 31, 2026
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Weighted-Average Remaining Life (years)
Trade name	$	45,000		N/A			$	45,000		Indefinite
Customer relationships		50,000			(8,229	)		41,771			11.0
Total	$	95,000		$	(8,229	)	$	86,771


	April 30, 2026
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Weighted-Average Remaining Life (years)
Trade name	$	45,000		N/A			$	45,000		Indefinite
Customer relationships		50,000			(7,267	)		42,733			11.2
Total	$	95,000		$	(7,267	)	$	87,733

Schedule of Estimated amortization expense of the intangible assets to be recognized

Estimated amortization expense of the intangible assets to be recognized by the Company is as follows (in thousands):


Year ended April 30,		Amount
Remainder of 2027		$	2,884
2028			3,846
2029			3,846
2030			3,846
2031			3,846
Thereafter			23,503
Total		$	41,771