Leases

12 Months Ended

Apr. 30, 2022

Leases [Abstract]

Leases

LeasesThe Company’s operating leases are primarily related to facility leases for administration and sales personnel. The operating leases have terms ranging from three to five years. While each of the leases includes renewal options, the Company has only included the base lease term in its calculation of lease assets and liabilities. The Company does not have any finance leases.

Balance sheet information related to operating leases is as follows (in thousands):

	As of April 30, 2022		As of April 30, 2021
Assets
Right of use assets	935		1,454
Liabilities
Current lease liabilities	541		739
Long-term lease liabilities	461		821
Total liabilities	$	1,002	$	1,560

Lease cost information related to operating leases is as follows (in thousands):

	Year ended April 30, 2022		Year ended April 30, 2021
Lease cost
Operating lease cost	740		784
Short-term lease cost	570		567
Variable lease cost	239		270
Total lease cost	$	1,549	$	1,621

Lease costs are primarily included in "Sales and marketing" and "General and administrative" expenses in the Company’s consolidated statements of operations.

The impact of the Company's leases on the consolidated statement of cash flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $1.6 million during fiscal 2022 . The Company modified one existing lease, but did not execute any new leases during fiscal 2022.

The impact of the Company's leases on consolidated statement of cash flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $1.7 million during fiscal 2021. The Company did not modify any existing leases or execute any new leases during fiscal 2021.

Weighted average information associated with the measurement of the Company’s remaining operating lease obligations is as follows:

	April 30, 2022		April 30, 2021
Weighted average remaining lease term	1.9 years		2.4 years
Weighted average discount rate	3.2	%	3.3	%

The following table summarizes the maturity of the Company’s operating lease liabilities as of April 30, 2022 (in thousands):

Years ended April 30:
2023	$	541
2024	417
2025	67
2026	—
2027	—
Thereafter	—
Total operating lease payments	$	1,025
Less imputed interest	(23)
Total operating lease liabilities	$	1,002

The Company leases to other tenants a portion of its headquarters building that it owns in Atlanta, Georgia. The leases expire at various dates through June 2027. Lease income is included in "Other, net" in the Company’s consolidated statements of operations and totaled approximately $287,000 for the year ending April 30, 2022. Lease payments to be received as of April 30, 2022 are as follows (in thousands):

Years ended April 30:
2023	$	183
2024	139
2025	144
2026	137
2027	144
Thereafter	24
	$	771

Leases

LeasesThe Company’s operating leases are primarily related to facility leases for administration and sales personnel. The operating leases have terms ranging from three to five years. While each of the leases includes renewal options, the Company has only included the base lease term in its calculation of lease assets and liabilities. The Company does not have any finance leases.

Balance sheet information related to operating leases is as follows (in thousands):

	As of April 30, 2022		As of April 30, 2021
Assets
Right of use assets	935		1,454
Liabilities
Current lease liabilities	541		739
Long-term lease liabilities	461		821
Total liabilities	$	1,002	$	1,560

Lease cost information related to operating leases is as follows (in thousands):

	Year ended April 30, 2022		Year ended April 30, 2021
Lease cost
Operating lease cost	740		784
Short-term lease cost	570		567
Variable lease cost	239		270
Total lease cost	$	1,549	$	1,621

Lease costs are primarily included in "Sales and marketing" and "General and administrative" expenses in the Company’s consolidated statements of operations.

The impact of the Company's leases on the consolidated statement of cash flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $1.6 million during fiscal 2022 . The Company modified one existing lease, but did not execute any new leases during fiscal 2022.

The impact of the Company's leases on consolidated statement of cash flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $1.7 million during fiscal 2021. The Company did not modify any existing leases or execute any new leases during fiscal 2021.

Weighted average information associated with the measurement of the Company’s remaining operating lease obligations is as follows:

	April 30, 2022		April 30, 2021
Weighted average remaining lease term	1.9 years		2.4 years
Weighted average discount rate	3.2	%	3.3	%

The following table summarizes the maturity of the Company’s operating lease liabilities as of April 30, 2022 (in thousands):

Years ended April 30:
2023	$	541
2024	417
2025	67
2026	—
2027	—
Thereafter	—
Total operating lease payments	$	1,025
Less imputed interest	(23)
Total operating lease liabilities	$	1,002

The Company leases to other tenants a portion of its headquarters building that it owns in Atlanta, Georgia. The leases expire at various dates through June 2027. Lease income is included in "Other, net" in the Company’s consolidated statements of operations and totaled approximately $287,000 for the year ending April 30, 2022. Lease payments to be received as of April 30, 2022 are as follows (in thousands):

Years ended April 30:
2023	$	183
2024	139
2025	144
2026	137
2027	144
Thereafter	24
	$	771