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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Jul. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table summarizes our interest rate swaps designated as cash flow hedges:
Notional Amount
Hedged Item Date entered intoNature of SwapJuly 31, 2024April 30, 2024Fixed Interest RateVariable Interest Rate
Amended and Restated CAMay 15, 2024Pay fixed/receive variable$50,000 $— 4.288 %
1-month SOFR reset every month for a 3-year period ending July 15, 2027
Amended and Restated CA (1)
April 09, 2024Pay fixed/receive variable50,000 50,000 4.243 %
1-month SOFR reset every month for a 3-year period ending July 15, 2027
Amended and Restated CAJanuary 31, 2024Pay fixed/receive variable50,000 50,000 3.700 %
1-month SOFR reset every month for a 3-year period ending April 15, 2027
Amended and Restated CAJanuary 24, 2024Pay fixed/receive variable50,000 50,000 3.774 %
1-month SOFR reset every month for a 3-year period ending April 15, 2027
Amended and Restated CAJanuary 05, 2024Pay fixed/receive variable50,000 50,000 3.689 %
1-month SOFR reset every month for a 3-year period ending April 15, 2027
Amended and Restated CADecember 19, 2023Pay fixed/receive variable50,000 50,000 3.850 %
1-month SOFR reset every month for a 3-year period ending January 15, 2027
Amended and Restated CAMarch 15, 2023Pay fixed/receive variable50,000 50,000 3.565 %
1-month SOFR reset every month for a 3-year period ending April 15, 2026
Amended and Restated CAMarch 14, 2023Pay fixed/receive variable50,000 50,000 4.053 %
1-month SOFR reset every month for a 3-year period ending March 15, 2026
Amended and Restated CAMarch 13, 2023Pay fixed/receive variable50,000 50,000 3.720 %
1-month SOFR reset every month for a 3-year period ending March 15, 2026
Amended and Restated CADecember 13, 2022Pay fixed/receive variable50,000 50,000 3.772 %
1-month SOFR reset every month for a 3-year period ending December 15, 2025
Amended and Restated CAJune 16, 2022Pay fixed/receive variable— 100,000 3.467 %
1-month SOFR reset every month for a 2-year period ending May 15, 2024
$500,000 $550,000 
(1)
As of April 30, 2024, this interest rate swap agreement was considered a forward starting contract as the effective date was July 15, 2024.
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location The fair value of our interest rate swaps designated as cash flow hedges are reflected on our Unaudited Condensed Consolidated Statements of Financial Position as follows:
Assets (Liabilities)
Balance Sheet Location
July 31, 2024April 30, 2024
Current asset portionPrepaid expenses and other current assets$— $154 
Non-current asset portionOther non-current assets2,768 9,686 
Non-current liability portionOther long-term liabilities(1,016)— 
Total cash flow hedges$1,752 $9,840 
Reclassification out of Accumulated Other Comprehensive Income
The effect of our interest rate swaps on our Unaudited Condensed Consolidated Statements of Other Comprehensive Income (Loss) and Unaudited Condensed Consolidated Statements of Net Loss are as follows:

Three Months Ended
July 31,
20242023
Amount of pretax (losses) gains recognized in Other comprehensive income (loss)$(6,360)$6,291 
Amount of pretax gains reclassified from Accumulated other comprehensive loss into Interest expense$1,715 $2,885