Income Taxes (Tables)

12 Months Ended

Apr. 30, 2024

The provisions for income taxes were as follows:


	For the Years Ended April 30,
	2024		2023		2022
Current Provision
US – Federal	$	2,152	$	2,857	$	(324)
International	49,357		48,694		57,905
State and local	(337)		1,797		221
Total current provision	$	51,172	$	53,348	$	57,802
Deferred (benefit) provision
US – Federal	$	(25,026)	$	(24,368)	$	(9,793)
International	(4,772)		(8,705)		15,882
State and local	(8,102)		(4,408)		(2,539)
Total deferred (benefit) provision	$	(37,900)	$	(37,481)	$	3,550
Total provision	$	13,272	$	15,867	$	61,352

Schedule of Income Before Income Tax, Domestic and Foreign

International and United States pretax income (loss) were as follows:


	For the Years Ended April 30,
	2024		2023		2022
International	$	109,616	$	204,055	$	256,456
United States	(296,663)		(170,955)		(46,795)
Total	$	(187,047)	$	33,100	$	209,661

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,
	2024		2023		2022
US federal statutory rate	21.0	%	21.0	%	21.0	%
Impact of foreign operations	(11.7)	%	(10.5)	%	9.5	%
Foreign tax credits related to CARES Act carryback and audit	—	%	—	%	(11.9)	%
Change in valuation allowance	(14.0)	%	(7.4)	%	11.9	%
State income taxes, net of US federal tax benefit	4.6	%	(7.2)	%	(1.0)	%
Tax credits and related net benefits	1.8	%	(12.1)	%	(1.1)	%
Impairment of goodwill	(10.9)	%	66.7	%	—	%
Return to provision	6.1	%	(13.7)	%	—	%
Other	(4.0)	%	11.1	%	0.9	%
Effective income tax rate	(7.1)	%	47.9	%	29.3	%

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:


	2024		2023
Balance at May 1	$	9,421	$	8,592
Additions for current year tax positions	1,607		1,236
Additions for prior year tax positions	—		533
Reductions for prior year tax positions	(181)		—
Foreign translation adjustment	—		(24)
Payments and settlements	(849)		—
Reductions for lapse of statute of limitations	(847)		(916)
Balance at April 30	$	9,151	$	9,421

Schedule of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities as of April 30 were as follows:


	2024		2023
Net operating losses	$	22,587	$	27,434
Reserve for sales returns and doubtful accounts	2,363		2,523
Accrued employee compensation	27,293		24,928
Foreign and federal credits	33,742		31,930
Other accrued expenses	3,822		3,732
Retirement and post-employment benefits	10,203		16,880
Operating lease liabilities	23,095		26,631
Interest expense disallowance	10,676		570
Total gross deferred tax assets	$	133,781	$	134,628
Less valuation allowance	(53,498)		(27,448)
Total deferred tax assets	$	80,283	$	107,180

Prepaid expenses and other assets	$	(5,352)	$	(4,716)
Unremitted foreign earnings	(3,115)		(2,835)
Intangible and fixed assets	(155,862)		(216,251)
Right-of-use assets	(12,685)		(16,049)
Total deferred tax liabilities	$	(177,014)	$	(239,851)
Net deferred tax liabilities	$	(96,731)	$	(132,671)

Reported As
Deferred tax assets excluding held-for-sale	3,147		11,371
Deferred tax assets held-for-sale	6,176		—
Deferred tax assets	$	9,323	$	11,371
Deferred tax liabilities excluding held-for-sale	(97,186)		(144,042)
Deferred tax liabilities held-for-sale	(8,868)		—
Deferred tax liabilities	(106,054)		(144,042)
Net deferred tax liabilities	$	(96,731)	$	(132,671)