Fair Value Measurement (Tables)

12 Months Ended

Apr. 30, 2018

Fair Value Measurements, Recurring and Nonrecurring

The carrying amounts and estimated fair values of our financial instruments are as follows:



(in 000s)
As of April 30,	2018				2017				Fair Value Hierarchy
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Fair Value Hierarchy
Assets:
Cash and cash equivalents	$	1,544,944	$	1,544,944	$	1,011,331	$	1,011,331	Level 1
Cash and cash equivalents - restricted	118,734		118,734		106,208		106,208		Level 1
Receivables, net - short-term	146,774		146,774		162,775		162,775		Level 1
Receivables, net - long-term	52,434		52,434		52,898		52,898		Level 1 and 3
Liabilities:
Long-term debt (excluding debt issuance costs)	—		1,548,121		1,502,735		1,569,033		Level 2
Contingent consideration	12,060		12,060		10,428		10,428		Level 3

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details