Leases (Tables)

12 Months Ended

Apr. 30, 2024

Leases [Abstract]

Schedule of Assets and Liabilities Related to Operating and Financing Leases

The amounts of assets and liabilities related to our operating and financing leases as of April 30, 2024 were as follows (in thousands):

	Balance Sheet Caption	April 30, 2024			April 30, 2023
Operating Leases
Right-of-use assets		$	6,761		$	5,994
Accumulated amortization			(5,411	)		(4,153	)
Right-of-use assets, net	Other assets	$	1,350		$	1,841
Current liabilities	Accrued expenses and deferred revenue	$	947		$	1,274
Non-current liabilities	Other non-current liabilities		574			801
Total operating lease liabilities		$	1,521		$	2,075
Finance Leases
Right-of-use assets		$	41,631		$	41,631
Accumulated depreciation			(11,713	)		(9,448	)
Right-of-use assets, net	Property, plant, and equipment, net	$	29,918		$	32,183
Current liabilities	Accrued expenses and deferred revenue	$	1,564		$	1,434
Non-current liabilities	Finance lease payable, net of current portion		35,404			36,961
Total finance lease liabilities		$	36,968		$	38,395

Summary of Future Expected Undiscounted Cash Flows

The following table represents future expected undiscounted cashflows, based on the Assignment and Assumption Agreement with AOUT, to be received on an annual basis for the next five years and thereafter, as of April 30, 2024 (in thousands):

Fiscal	Amount
2025	$	3,180
2026		3,235
2027		3,292
2028		3,350
2029		3,408
Thereafter		35,498
Total future receipts		51,963
Less amounts representing interest		(15,607	)
Present value of receipts	$	36,356

Summary of Future Lease Payments for Operating and Finance Leases

Future lease payments for all our operating and finance leases for succeeding fiscal years is as follows (in thousands):

	Operating			Financing			Total
2025	$	1,033		$	3,378		$	4,411
2026		301			3,433			3,734
2027		272			3,498			3,770
2028		125			3,416			3,541
2029		—			3,408			3,408
Thereafter		—			35,498			35,498
Total future lease payments		1,731			52,631			54,362
Less amounts representing interest		(210	)		(15,663	)		(15,873	)
Present value of lease payments		1,521			36,968			38,489
Less current maturities of lease liabilities		(947	)		(1,564	)		(2,511	)
Long-term maturities of lease liabilities	$	574		$	35,404		$	35,978