Accounts Receivable

6 Months Ended

Oct. 31, 2020

Accounts Receivable

Accounts Receivable

3. Accounts Receivable

The Company’s trade accounts and notes receivable consisted of the following:

	October 31,		April 30,
	2020		2020
	(in thousands)
Trade receivables	$	423,603	$	398,739
Other receivables		16,506		11,656
Allowance for expected credit losses		(2,490)		(2,861)
Other allowances		(2,783)		(2,280)
Trade accounts and notes receivable	$	434,836	$	405,254

The Company records accounts and notes receivable net of allowances, including the allowance for expected credit losses. The Company maintains an allowance for estimated losses due to the failure of customers to make required payments, as well as allowances for cash discounts. The Company’s estimate of the allowance for expected credit losses is based on an assessment of individual past due accounts, historical loss information, accounts receivable aging and current economic factors and the Company’s expectation of future economic conditions. Account balances are written off when the potential for recovery is considered remote.

The Company routinely assesses the financial strength of its customers and generally does not require collateral. Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of geographically diverse customers comprising the Company’s customer base.

The following table presents the change in the allowance for expected credit losses during the six months ended October 31, 2020:

	(in thousands)
Balance as of April 30, 2020	$	2,861
Provision		(40)
Recoveries		(250)
Write-offs		(81)
Balance as of October 31, 2020	$	2,490