Income Taxes (Tables)

12 Months Ended

Apr. 30, 2023

The provisions for income taxes were as follows:


	For the Years Ended April 30,
	2023		2022		2021
Current Provision
US – Federal	$	2,857	$	(324)	$	(6,631)
International	48,694		57,905		43,269
State and local	1,797		221		1,359
Total current provision	$	53,348	$	57,802	$	37,997
Deferred provision (benefit)
US – Federal	$	(24,368)	$	(9,793)	$	(11,996)
International	(8,705)		15,882		1,175
State and local	(4,408)		(2,539)		480
Total deferred provision (benefit)	$	(37,481)	$	3,550	$	(10,341)
Total provision	$	15,867	$	61,352	$	27,656

Schedule of Income Before Income Tax, Domestic and Foreign

International and United States pretax income were as follows:


	For the Years Ended April 30,
	2023		2022		2021
International	$	204,055	$	256,456	$	202,490
United States	(170,955)		(46,795)		(26,578)
Total	$	33,100	$	209,661	$	175,912

Schedule of Effective Income Tax Rate Reconciliation

Our effective income tax rate as a percentage of pretax income differed from the US federal statutory rate as shown below:


	For the Years Ended April 30,
	2023		2022		2021
US federal statutory rate	21.0	%	21.0	%	21.0	%
Cost (benefit) of higher (lower) taxes on non-US income	(9.2)	%	9.7	%	1.1	%
Foreign tax credits related to CARES Act carryback and audit	—	%	(11.9)	%	12.3	%
Change in valuation allowance	(7.4)	%	11.9	%	(12.3)	%
State income taxes, net of US federal tax benefit	(7.2)	%	(1.0)	%	0.8	%
US NOL carryback under CARES Act	—	%	—	%	(8.0)	%
Tax credits and related net benefits	(10.4)	%	(0.5)	%	(0.5)	%
Impairment of goodwill	66.7	%	—	%	—	%
Other	(5.6)	%	0.1	%	1.3	%
Effective income tax rate	47.9	%	29.3	%	15.7	%

Schedule of Unrecognized Tax Benefits

A reconciliation of the unrecognized tax benefits included within the Other long-term liabilities line item on the Consolidated Statements of Financial Position is as follows:


	2023		2022
Balance at May 1	$	8,592	$	9,144
Additions for current year tax positions	1,236		947
Additions for prior year tax positions	533		16
Reductions for prior year tax positions	—		—
Foreign translation adjustment	(24)		(55)
Payments and settlements	—		—
Reductions for lapse of statute of limitations	(916)		(1,460)
Balance at April 30	$	9,421	$	8,592

Schedule of Deferred Tax Assets and Liabilities

e believe that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the net deferred tax assets. The significant components of deferred tax assets and liabilities as of April 30 were as follows:


	2023		2022 (1)
Net operating losses	$	27,434	$	20,847
Reserve for sales returns and doubtful accounts	2,523		3,771
Accrued employee compensation	24,928		26,722
Foreign and federal credits	31,930		34,537
Other accrued expenses	2,513		2,700
Retirement and post-employment benefits	16,880		15,769
Operating lease liabilities	26,631		28,111
Total gross deferred tax assets	$	132,839	$	132,457
Less valuation allowance	(27,448)		(30,000)
Total deferred tax assets	$	105,391	$	102,457

Prepaid expenses and other current assets	$	(2,927)	$	(2,684)
Unremitted foreign earnings	(2,835)		(2,685)
Intangible and fixed assets	(216,251)		(249,104)
Right-of-use assets	(16,049)		(19,286)
Total deferred tax liabilities	$	(238,062)	$	(273,759)
Net deferred tax liabilities	$	(132,671)	$	(171,302)

Reported As
Deferred tax assets	$	11,371	$	8,763
Deferred tax liabilities	(144,042)		(180,065)
Net Deferred Tax Liabilities	$	(132,671)	$	(171,302)


(1)			Prior year amounts were updated to reflect an immaterial correction of previous netting of certain deferred taxes.