Leases

12 Months Ended

Apr. 30, 2021

Leases [Abstract]

Leases

NOTE 11: LEASES

For the year ended April 30, 2021, and 2020, our lease costs consisted of the following:

			(in 000s)
Year ended April 30,	2021		2020
Operating lease costs	$	239,357	$	242,314
Variable lease costs	77,758		71,319
Subrental income	(650)		(1,277)
Total lease costs	$	316,465	$	312,356

As disclosed in our Annual Report on Form 10-K for the fiscal year ended April 30, 2019, our rent expense for fiscal year 2019 totaled $255.0 million.

Other information related to operating leases for the fiscal years 2021 and 2020 are as follows:

				(dollars in 000s)
Year ended April 30,	2021			2020
Cash paid for operating lease costs	$	240,299		$	223,080
New operating right of use assets and related lease liabilities(1)	$	167,827		$	345,079
Weighted-average remaining operating lease term (years)	3			3
Weighted-average operating lease discount rate	3.0		%	3.3		%

(1)    The new operating right of use assets and related lease liabilities for the year ended April 30, 2020 excludes the initial impacts of the adoption of ASU 2016-02. The decrease from the prior year is due to the timing of the renegotiation of lease contracts approaching expiration.

Aggregate operating lease maturities as of April 30, 2021 are as follows:

	(in 000s)
2022	$	215,610
2023	137,824
2024	73,066
2025	27,219
2026	3,713
2027 and thereafter	5,633
Total future undiscounted operating lease payments	463,065
Less imputed interest	(14,046)
Total operating lease liabilities	$	449,019