John Wiley & Sons (WLY) 10-Q 10 Mar 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2016	Feb. 29, 2016
Entity Information [Line Items]
Entity Registrant Name	WILEY JOHN & SONS, INC.
Entity Central Index Key	107,140
Current Fiscal Year End Date	--04-30
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2016
Common Stock Class A [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		48,247,517
Common Stock Class B [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		9,478,190

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED - USD ($) $ in Thousands	Jan. 31, 2016	Apr. 30, 2015	Jan. 31, 2015
Current Assets
Cash and cash equivalents	$ 535,859	$ 457,441	$ 260,215
Accounts receivable	235,806	147,183	220,311
Inventories	53,747	63,779	65,027
Prepaid and other	71,529	72,516	68,369
Total Current Assets	896,941	740,919	613,922
Product Development Assets	73,906	69,589	71,124
Technology, Property & Equipment	207,515	193,010	187,643
Intangible Assets	872,224	917,621	933,299
Goodwill	938,796	962,367	964,818
Income Tax Deposits	59,591	57,098	60,133
Other Assets	65,435	63,639	63,069
Total Assets	3,114,408	3,004,243	2,894,008
Current Liabilities
Short-term debt	150,000	100,000	100,000
Accounts and royalties payable	205,724	161,465	202,173
Deferred revenue	305,541	372,051	307,783
Accrued employment costs	82,400	93,922	79,063
Accrued income taxes	10,023	9,484	9,450
Accrued pension liability	4,590	4,594	4,567
Other accrued liabilities	68,658	62,167	61,025
Total Current Liabilities	826,936	803,683	764,061
Long-Term Debt	814,728	650,090	588,111
Accrued Pension Liability	185,976	209,727	144,818
Deferred Income Tax Liabilities	192,220	198,947	222,922
Other Long-Term Liabilities	78,465	86,756	89,016
Shareholders' Equity
Class A & Class B Common Stock	83,190	83,190	83,190
Additional paid-in-capital	365,770	353,018	351,715
Retained earnings	1,656,392	1,597,439	1,567,544
Accumulated other comprehensive loss	(458,328)	(406,633)	(343,255)
Treasury stock	(630,941)	(571,974)	(574,114)
Total Shareholders' Equity	1,016,083	1,055,040	1,085,080
Total Liabilities & Shareholders' Equity	$ 3,114,408	$ 3,004,243	$ 2,894,008

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED [Abstract]
Revenue	$ 436,393	$ 465,905	$ 1,292,736	$ 1,380,794
Costs and Expenses
Cost of sales	120,226	124,245	356,719	382,839
Operating and administrative expenses	250,656	250,479	733,141	755,541
Restructuring charges	13,713	24,034	20,832	23,879
Amortization of intangibles	12,179	13,105	37,251	38,859
Total Costs and Expenses	396,774	411,863	1,147,943	1,201,118
Operating Income	39,619	54,042	144,793	179,676
Interest Expense	(4,590)	(4,365)	(12,487)	(13,015)
Foreign Exchange Transaction Gain	1,431	2,783	1,389	2,828
Interest Income and Other	786	800	2,094	2,218
Income Before Taxes	37,246	53,260	135,789	171,707
Provision For Income Taxes	1,728	10,712	24,214	41,736
Net Income	$ 35,518	$ 42,548	$ 111,575	$ 129,971
Earnings Per Share
Diluted (in dollars per share)	$ 0.61	$ 0.72	$ 1.90	$ 2.18
Basic (in dollars per share)	$ 0.62	$ 0.73	$ 1.92	$ 2.21
Average Shares
Diluted (in shares)	58,204	59,343	58,711	59,632
Basic (in shares)	57,678	58,517	58,192	58,813
Class A Common [Member]
Cash Dividends Per Share
Common stock (in dollars per share)	$ 0.30	$ 0.29	$ 0.90	$ 0.87
Class B Common [Member]
Cash Dividends Per Share
Common stock (in dollars per share)	$ 0.30	$ 0.29	$ 0.90	$ 0.87

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED [Abstract]
Net Income	$ 35,518	$ 42,548	$ 111,575	$ 129,971
Other Comprehensive Income (Loss) :
Foreign currency translation adjustment	(66,066)	(99,306)	(61,202)	(166,094)
Unamortized retirement costs, net of tax provision of $2,349, $2,293, $2,659 and $4,559, respectively	6,996	6,450	9,277	13,000
Unrealized gain on interest rate swaps, net of tax provision of $67, $55, $141, and $56, respectively	109	91	230	130
Total Other Comprehensive Income (Loss)	(58,961)	(92,765)	(51,695)	(152,964)
Comprehensive Income (Loss)	$ (23,443)	$ (50,217)	$ 59,880	$ (22,993)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED [Abstract]
Unamortized retirement costs, tax provision	$ 2,349	$ 2,293	$ 2,659	$ 4,559
Unrealized gain on interest rate swaps, tax provision	$ 67	$ 55	$ 141	$ 56

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - UNAUDITED - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Operating Activities
Net income	$ 111,575	$ 129,971
Adjustments to reconcile net income to cash provided by operating activities:
Amortization of intangibles	37,251	38,859
Amortization of composition costs	30,047	30,695
Depreciation of technology, property and equipment	50,820	46,225
Restructuring charges	20,832	23,879
Restructuring payments	(24,809)	(25,473)
Deferred Income Tax Benefit on U.K. rate change	(5,859)	0
Stock-based compensation expense	12,292	11,778
Excess tax benefit from stock-based compensation	(517)	(2,487)
Royalty advances	(79,026)	(77,265)
Earned royalty advances	71,761	77,755
Other non-cash charges	15,492	30,407
Change in deferred revenue	(57,959)	(62,822)
Net change in operating assets and liabilities	(65,289)	(67,371)
Cash Provided by Operating Activities	116,611	154,151
Investing Activities
Composition spending	(28,627)	(26,872)
Additions to technology, property and equipment	(69,048)	(47,293)
Acquisitions, net of cash acquired	(17,972)	(172,661)
Escrowed proceeds from sale of consumer publishing programs	0	1,100
Cash Used for Investing Activities	(115,647)	(245,726)
Financing Activities
Repayments of long-term debt	(158,861)	(550,083)
Borrowings of long-term debt	323,500	435,700
Borrowings of short-term debt	50,000	100,000
Change in book overdrafts	(3,287)	(8,742)
Cash dividends	(52,612)	(51,491)
Purchase of treasury stock	(59,704)	(61,981)
Proceeds from exercise of stock options and other	556	24,492
Excess tax benefit from stock-based compensation	517	2,487
Cash Provided by (Used for) Financing Activities	100,109	(109,618)
Effects of Exchange Rate Changes on Cash and Cash Equivalents	(22,655)	(24,969)
Cash and Cash Equivalents
Increase (Decrease) for the Period	78,418	(226,162)
Balance at Beginning of Period	457,441	486,377
Balance at End of Period	535,859	260,215
Cash Paid During the Period for:
Interest	11,028	11,267
Income taxes, net	$ 31,504	$ 35,061

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jan. 31, 2016
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial condition, results of operations, comprehensive income (loss) and cash flows for the periods presented. Operating results for the interim period are not necessarily indicative of the results expected for the full year. Through October 31, 2014, financial results for the Company’s recent acquisition, CrossKnowledge Group Ltd. (“CrossKnowledge”) were reported on a two-month lag, as previously disclosed, to facilitate accurate reporting. As a result, the prior year reporting results reflect five and nine months of CrossKnowledge results for the quarter and year-to-date periods ending January 31, 2015, respectively. As of January 31, 2015, reported financial results for CrossKnowledge were current. These financial statements should be read in conjunction with the most recent audited financial statements included in the Company’s Form 10-K for the fiscal year ended April 30, 2015. The preparation of the Company’s financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain prior year amounts have been reclassified to conform to the current year’s presentation.

Recent Accounting Standards

Recent Accounting Standards	9 Months Ended
	Jan. 31, 2016
Recent Accounting Standards [Abstract]
Recent Accounting Standards	2. Recent Accounting Standards In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09 "Revenue from Contracts with Customers" (Topic 606) (“ASU 2014-09”), and the International Accounting Standards Board (“IASB”) published its equivalent standard, International Financial Reporting Standard (“IFRS”) 15, “Revenue from Contracts with Customers”. These joint comprehensive new revenue recognition standards will supersede most existing revenue recognition guidance and are intended to improve and converge revenue recognition and related financial reporting requirements. The standard is effective for the Company on May 1, 2018 with early adoption permitted on May 1, 2017. The standard allows for either “full retrospective” adoption, meaning the standard is applied to all periods presented, or “cumulative effect” adoption, meaning the standard is applied only to the most current period presented in the financial statements. The Company is currently assessing whether the adoption of the guidance will have a significant impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-05 "Intangibles- Goodwill and Other- Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in Cloud Computing Arrangements" (“ASU 2015-05”). Cloud computing arrangements represent the delivery of hosted services over the internet which include software, platforms, infrastructure and other hosting arrangements. The ASU provides criteria to determine whether the cloud computing arrangement includes a software license. If the criteria are met, the customer will capitalize the fee attributable to the software license portion of the arrangement as internal-use software. If the arrangement does not include a software license, it should be treated as a service contract and expensed as services are received. The standard is effective for the Company on May 1, 2016 with early adoption permitted. An entity can elect to adopt either prospectively for all arrangements entered into or materially modified after the effective date or retrospectively. The Company intends to adopt the guidance on a prospective basis as of May 1, 2016. In November 2015, the FASB issued ASU 2015-17 “Income Taxes- Balance Sheet Classification of Deferred Taxes”. To simplify the presentation of deferred income taxes, the amendments in this update require that all deferred tax liabilities and assets, including those previously classified as current, be classified as noncurrent in a classified statement of financial position. The amendments in this Update will align the presentation of deferred income tax assets and liabilities with International Financial Reporting Standards (IFRS). The standard is effective for the company May 1, 2017 with early adoption permitted. The Company is currently assessing the impact the new guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 "Leases (Topic 842)”. ASU 2016-02 requires lessees to recognize most leases on the balance sheet which will result in an increase in reported assets and liabilities. The recognition of expenses within the income statement is consistent with the existing lease accounting standards. There are no significant changes in the new standard for lessors under operating leases. The standard is effective for the Company on May 1, 2019 with early adoption permitted. Adoption requires application of the new guidance for all periods presented. The Company is currently assessing the impact the new guidance will have on its consolidated financial statements.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Jan. 31, 2016
Share-Based Compensation [Abstract]
Share-Based Compensation	3. Share-Based Compensation The Company has share-based compensation plans under which employees may be granted options to purchase shares of Company common stock at the fair market value at the time of grant. In addition to stock options, the Company grants performance-based stock awards and other restricted stock awards to certain employees. The Company recognizes the grant date fair value of share-based compensation in net income on a straight-line basis over the requisite service period. The measurement of performance for performance-based stock awards is based on actual financial results for targets established three years in advance. For the three months ended January 31, 2016 and 2015, the Company recognized share-based compensation expense, on a pre-tax basis, of $4.2 million and $3.7 million, respectively. For the nine months ended January 31, 2016 and 2015, the Company recognized share-based compensation expense, on a pre-tax basis, of $12.3 million and $11.8 million, respectively. The following table provides share-based compensation data for awards granted by the Company: For the Nine Months Ended January 31, 2016 2015 Restricted Stock: Awards granted (in thousands) 289 306 Weighted average fair value of grant $55.91 $59.63 Stock Options: Awards granted (in thousands) 160 188 Weighted average fair value of grant $14.77 $16.97 The weighted average Black-Scholes fair value assumptions for stock option grants are as follows: For the Nine Months Ended January 31, 2016 2015 Expected life of options (years) 7.2 7.2 Risk-free interest rate 2.1% 2.2% Expected volatility 29.7% 30.9% Expected dividend yield 2.1% 1.9% Fair value of common stock on grant date $55.99 $59.70

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Jan. 31, 2016
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	4. Accumulated Other Comprehensive Loss Changes in Accumulated Other Comprehensive Loss by component, net of tax, for the three and nine months ended January 31, 2016 and 2015 were as follows (in thousands): Foreign Unamortized Interest Currency Retirement Rate Translation Costs Swaps Total Balance at October 31, 2015 $(241,990) $(157,153) $(224) $(399,367) Other comprehensive income (loss) before reclassifications (66,066) 6,182 (43) (59,927) Amounts reclassified from accumulated other comprehensive loss - 814 152 966 Total other comprehensive income (loss) (66,066) 6,996 109 (58,961) Balance at January 31, 2016 $(308,056) $(150,157) $(115) $(458,328) Balance at April 30, 2015 $(246,854) $(159,434) $(345) $(406,633) Other comprehensive income (loss) before reclassifications (61,202) 5,107 (271) (56,366) Amounts reclassified from accumulated other comprehensive loss - 4,170 501 4,671 Total other comprehensive income (loss) $(61,202) $9,277 $230 $(51,695) Balance at January 31, 2016 $(308,056) $(150,157) $(115) $(458,328) Foreign Unamortized Interest Currency Retirement Rate Translation Costs Swaps Total Balance at October 31, 2014 $(133,452) $(116,475) $(563) $(250,490) Other comprehensive income (loss) before reclassifications (99,306) 4,998 (215) (94,523) Amounts reclassified from accumulated other comprehensive loss - 1,452 306 1,758 Total other comprehensive income (loss) (99,306) 6,450 91 (92,765) Balance at January 31, 2015 $(232,758) $(110,025) $(472) $(343,255) Balance at April 30, 2014 $(66,664) $(123,025) $(602) $(190,291) Other comprehensive income (loss) before reclassifications (166,094) 8,439 (638) (158,293) Amounts reclassified from accumulated other comprehensive loss - 4,561 768 5,329 Total other comprehensive income (loss) (166,094) 13,000 130 (152,964) Balance at January 31, 2015 $(232,758) $(110,025) $(472) $(343,255) During the three months ended January 31, 2016 and 2015, pre-tax actuarial losses included in Unamortized Retirement Costs of approximately $1.2 million and $2.1 million, respectively, were amortized from Accumulated Other Comprehensive Loss and recognized as pension expense in Operating and Administrative Expenses in the Condensed Consolidated Statements of Income. During the nine months ended January 31, 2016 and 2015, pre-tax actuarial losses of approximately $3.5 million and $6.0 million, respectively, were amortized.

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Shares Outstanding and Share Repurchases	9 Months Ended
	Jan. 31, 2016
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases	5. Reconciliation of Weighted Average Shares Outstanding and Share Repurchases A reconciliation of the shares used in the computation of earnings per share follows (in thousands): For the Three Months Ended January 31, For the Nine Months Ended January 31, 2016 2015 2016 2015 Weighted average shares outstanding 57,970 58,773 58,447 59,061 Less: Unearned restricted shares (292) (256) (255) (248) Shares used for basic earnings per share 57,678 58,517 58,192 58,813 Dilutive effect of stock options and other stock awards 526 826 519 819 Shares used for diluted earnings per share 58,204 59,343 58,711 59,632 Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 1,251,648 shares of Class A Common Stock have been excluded for both the three and nine months ended January 31, 2016, and 178,144 shares of Class A Common Stock have been excluded for the three and nine months ended January 31, 2015. In addition, for the three and nine months ended January 31, 2016, 10,640 and 64,200 unearned restricted shares have been excluded, respectively, as their inclusion would have been anti-dilutive. There were no unearned restricted shares excluded for the three and nine months ended January 31, 2015. During the three and nine months ended January 31, 2016, the Company repurchased 347,961 and 1,216,098 shares of common stock at an average price of $43.11 and $49.09, respectively.

Acquisitions

Acquisitions	9 Months Ended
	Jan. 31, 2016
Acquisitions [Abstract]
Acquisitions	6. Acquisitions: CrossKnowledge: On May 1, 2014, the Company acquired CrossKnowledge Group Limited (“CrossKnowledge”) for approximately $166 million in cash, net of cash acquired. CrossKnowledge is a learning solutions provider focused on leadership and managerial skills development that offers subscription-based, digital learning solutions for global corporations, universities, and small and medium-sized enterprises. CrossKnowledge’s solutions include a variety of managerial and leadership skills assessments, courses, certifications, content and executive training programs that are delivered on a cloud-based LMS platform with over 19,000 learning objects in 17 languages. CrossKnowledge serves over five million end-users in 80 countries. Through October 31, 2014, financial results for CrossKnowledge were reported on a two-month lag, as previously disclosed, to facilitate accurate reporting. As a result, the prior year reporting results reflect five and nine months of CrossKnowledge results for the quarter and year-to-date periods ending January 31, 2015, respectively. As of January 31, 2015 reported financial results for CrossKnowledge were current. For the three months ended January 31, 2016 and 2015, CrossKnowledge’s revenue included in Wiley’s results was $13.0 million and $16.2 million, respectively, and CrossKnowledge’s operating loss was $1.6 million and $2.8 million, respectively. For the nine months ended January 31, 2016 and 2015, CrossKnowledge’s revenue included in Wiley’s results was $36.2 million and $31.5 million, respectively and CrossKnowledge’s operating loss was $3.9 million and $3.6 million, respectively. The $166 million purchase price was allocated to identifiable long-lived intangible assets, mainly customer relationships and content ($63.0 million); technology ($6.3 million); long-term deferred tax liabilities ($21.5 million); negative working capital ($4.3 million); and goodwill ($122.5 million). The fair value of intangible assets and technology acquired was based on management’s assessment performed with the assistance of a third party valuation consultant. Goodwill represents the excess of the purchase price over the fair value of net assets acquired and comprises the estimated value of CrossKnowledge’s workforce, unidentifiable intangible assets and the fair value of expected synergies. None of the goodwill is deductible for tax purposes. The identifiable long-lived intangible assets are primarily amortized over a weighted average estimated useful life of approximately 15 years. The acquisition was funded through the use of the Company’s existing credit facility and available cash balances.

Restructuring and Reinvestment

Restructuring and Reinvestment Program	9 Months Ended
	Jan. 31, 2016
Restructuring and Reinvestment Program [Abstract]
Restructuring and Reinvestment Program	7. Restructuring and Reinvestment Program: Beginning in fiscal year 2013, the Company initiated a program (the “Restructuring and Reinvestment Program”) to restructure and realign its cost base with current and anticipated future market conditions. The Company is targeting a majority of the cost savings achieved to improve margins and earnings, while the remainder will be reinvested in high growth digital business opportunities. The following tables summarize the pre-tax restructuring charges (credits) related to this program (in thousands): Cumulative Program For the Three Months For the Nine Months Charges Ended January 31, Ended January 31, to Date 2016 2015 2016 2015 Charges (Credits) by Segment: Research $4,461 $4,507 $5,327 $4,322 $20,550 Professional Development 1,382 3,588 1,587 3,833 24,117 Education 1,020 1,033 1,214 1,084 4,793 Shared Services 6,850 14,906 12,704 14,640 67,350 Total $13,713 $24,034 $20,832 $23,879 $116,810 Charges (Credits) by Activity: Severance $12,395 $11,962 $14,965 $12,605 $77,724 Process Reengineering Consulting 997 446 7,191 301 18,666 Other Activities 321 11,626 (1,324) 10,973 20,420 Total $13,713 $24,034 $20,832 $23,879 $116,810 Other Activities reflects leased facility consolidations, contract termination costs and the curtailment of certain defined benefit pension plans. The credit in Other Activities in the nine months period ended January 31, 2016 above reflects true-ups to the previously estimated accrued restructuring charges. The following table summarizes the activity for the Restructuring and Reinvestment Program liability for the nine months ended January 31, 2016 (in thousands): Foreign Translation & April 30, 2015 Charges Payments Reclassifications January 31, 2016 Severance $18,794 14,965 $(15,236) $(258) $18,265 Process Reengineering Consulting - 7,191 (6,523) - 668 Other Activities 11,859 (1,324) (3,050) (404) 7,081 Total $30,653 20,832 $(24,809) $(662) $26,014 The restructuring liability for accrued Severance costs is reflected in Accrued Employment Costs in the Condensed Consolidated Statements of Financial Position while the Process reengineering consulting costs are reflected in Other Accrued Liabilities. Approximately $0.6 million and $6.5 million of the Other Activities are reflected in Other Accrued Liabilities and Other Long-Term Liabilities, respectively.

Segment Information

Segment Information	9 Months Ended
	Jan. 31, 2016
Segment Information [Abstract]
Segment Information	8. Segment Information The Company is a global provider of knowledge and knowledge-enabled services that improve outcomes in areas of research, professional practice and education. Through the Research segment, the Company provides digital and print scientific, technical, medical and scholarly journals, reference works, books, database services and advertising. The Professional Development segment provides digital and print books, online assessment and training services, and test prep and certification. In Education, the Company provides print and digital content, and education solutions including online program management services for higher education institutions and course management tools for instructors and students. The Company takes full advantage of its content from all three core businesses in developing and cross-marketing products to its diverse customer base of researchers, professionals, students, and educators. The use of technology enables the Company to make its content efficiently more accessible to its customers around the world. The Company’s operations are primarily located in the North America, Europe, Asia, and Australia. The Company uses occupied square footage of space; number of employees; units shipped; specific identification/activity-based; gross profit; revenue and number of invoices to allocate shared service costs to each business segment. As part of Wiley’s Restructuring and Reinvestment Program, the Company consolidated certain decentralized business functions (Sales Support, Marketing Services, etc.) into global shared service functions. These newly centralized service groups enable significant cost reduction opportunities, including efficiencies gained from standardized technology and centralized management. The cost of these functions were previously reported as direct operating expenses in each business segment but are now reported within the shared service functions and then allocated to each business segment. In addition, the Company modified its product/service revenue categories for the Research segment. As a result, prior year amounts have been restated to reflect these same reporting methodologies. Segment information is as follows (in thousands): For the Three Months For the Nine Months Ended January 31, Ended January 31, 2016 2015 2016 2015 RESEARCH Revenue $224,719 $246,454 $700,497 $766,149 Direct Contribution to Profit $92,730 $109,453 $310,424 $346,931 Allocated Shared Services and Administrative Costs: Distribution and Operation Services (9,511) (10,722) (29,775) (34,141) Technology and Content Management (23,365) (23,455) (73,170) (73,030) Occupancy and Other (6,954) (7,547) (21,911) (21,854) Contribution to Profit $52,900 $67,729 $185,568 $217,906 PROFESSIONAL DEVELOPMENT Revenue $103,399 $108,587 $301,230 $306,581 Direct Contribution to Profit $40,447 $35,698 $123,225 $106,207 Allocated Shared Services and Administrative Costs: Distribution and Operation Services (7,164) (7,401) (20,820) (23,671) Technology and Content Management (10,345) (12,496) (30,403) (35,668) Occupancy and Other (5,924) (6,494) (17,222) (20,239) Contribution to Profit $17,014 $9,307 $54,780 $26,629 EDUCATION Revenue $108,275 $110,864 $291,009 $308,064 Direct Contribution to Profit $44,397 $46,800 $103,534 $116,104 Allocated Shared Services and Administrative Costs: Distribution and Operation Services (4,111) (3,341) (11,276) (9,886) Technology and Content Management (13,427) (13,111) (37,237) (40,647) Occupancy and Other (3,579) (3,690) (11,674) (10,488) Contribution to Profit $23,280 $26,658 $43,347 $55,083 Total Contribution to Profit $93,194 $103,694 $283,695 $299,618 Unallocated Shared Services and Administrative Costs (53,575) (49,652) (138,902) (119,942) Operating Income $39,619 $54,042 $144,793 $179,676 The following table reflects total Shared Services and Administrative costs by function, which are allocated to business segments based on the methodologies described above: For the Three Months For the Nine Months Ended January 31, Ended January 31, Total Shared Services and Administrative Costs: 2016 2015 2016 2015 Distribution & Operation Services $20,877 $21,366 $62,253 $67,906 Technology & Content Management 66,751 60,765 189,945 182,893 Finance 12,608 12,991 37,100 39,299 Other Administration 30,869 27,881 90,388 84,828 Restructuring Charges (see Note 7) 6,850 14,906 12,704 14,640 Total $137,955 $137,909 $392,390 $389,566 For the Three Months For the Nine Months Ended January 31, Ended January 31, Total Revenue by Product/Service: 2016 2015 2016 2015 Journal Revenue $180,678 $205,807 $588,351 $649,827 Books and Custom Material 165,063 173,093 468,976 516,044 Online Program Management (Deltak) 26,056 23,045 69,753 58,981 Talent Solutions 26,121 29,086 78,343 72,702 Course Workflow Solutions (WileyPlus) 21,900 20,841 41,366 40,555 Other 16,575 14,032 45,947 42,684 Total $436,393 $465,905 $1,292,736 $1,380,794

Inventories

Inventories	9 Months Ended
	Jan. 31, 2016
Inventories [Abstract]
Inventories	9. Inventories Inventories were as follows (in thousands): As of January 31, As of April 30, 2016 2015 2015 Finished goods $41,974 $48,212 $52,705 Work-in-process 6,937 6,884 6,552 Paper, cloth and other 4,520 5,485 4,676 $53,431 $60,581 63,933 Inventory value of estimated sales returns 7,250 9,538 6,555 LIFO reserve (6,934) (5,092) (6,709) Total inventories $53,747 $65,027 $63,779

Intangible Assets

Intangible Assets	9 Months Ended
	Jan. 31, 2016
Intangible Assets [Abstract]
Intangible Assets	10. Intangible Assets Intangible assets consisted of the following (in thousands): As of January 31, As of April 30, 2016 2015 2015 Intangible assets with indefinite lives: Brands and trademarks $145,613 $151,933 $152,332 Content and publishing rights 83,821 87,280 83,972 $229,434 $239,213 $236,304 Net intangible assets with determinable lives: Content and publishing rights $455,960 $490,478 $482,596 Customer relationships 171,496 185,291 181,272 Brands and trademarks 14,887 17,572 16,783 Covenants not to compete 447 745 666 $642,790 $694,086 $681,317 Total $872,224 $933,299 $917,621

Income Taxes

Income Taxes	9 Months Ended
	Jan. 31, 2016
Income Taxes [Abstract]
Income Taxes	11. Income Taxes The effective tax rate for the first nine months of fiscal year 2016 was 17.8% compared to 24.3% in the prior year. During the first nine months of fiscal year 2016, the Company recorded non-cash deferred tax benefits of $5.9 million ($0.10 per share), principally associated with new tax legislation enacted in the third quarter of fiscal year 2016 in the United Kingdom (“U.K.”) that reduced the U.K. statutory income tax rates by 2%. The benefits reflect the remeasurement of all applicable U.K. deferred tax balances to the new income tax rates of 19% effective April 1, 2017 and 18% effective April 1, 2020. Excluding the impact of the deferred tax benefit described above, the Company’s effective tax rate decreased from 24.3% for the first nine months of fiscal year 2015 to 22.1% for the first nine months of fiscal year 2016 principally due to lower foreign tax rates and a tax reserve release, partially offset by a non-deductible loss on nonqualified retirement plan assets. Payments Related to Tax Audit in Germany In fiscal year 2003, the Company merged several of its German subsidiaries into a new operating entity which enabled the Company to increase (“step-up”) the tax deductible net asset basis of the merged subsidiaries to fair market value. The expected tax benefits to be derived from the step-up are approximately 50 million euros claimed as amortization over 15 years beginning in fiscal year 2003. In May 2012, as part of its routine tax audit process, the German tax authorities filed a challenge to the Company’s tax position with respect to the amortization of certain stepped-up assets. The Company filed an appeal with the local finance court in September 2014. Under German tax law, the Company must pay all contested taxes and the related interest to have the right to defend its position. The Company has made all required payments to date with total deposits paid of 48 million euros through January 31, 2016. The Company expects that it will be required to deposit additional amounts up to 10 million euros plus interest for tax returns to be filed in future periods until the issue is resolved. In October 2014, the Company received an unfavorable decision from the local finance court and is in the process of appealing the court decision. The Company’s management and its advisors continue to believe that the Company is “more likely than not” to successfully defend that the tax treatment was proper and in accordance with German tax regulations. As such, the Company has not recorded any charges related to the loss of the step-up benefit. The Company filed its appeal in January 2015. Resolution of the appeal is expected to take 18 to 24 months from January 2015. If the Company is ultimately successful, as expected, the tax deposits will be returned with 6% simple interest, based on current German legislation. As of January 31, 2016, the USD equivalent of the deposit and accrued interest was $59.6 million, which is recorded as Income Tax Deposits on the Condensed Consolidated Statements of Financial Position. The Company records the accrued interest at 6% within the Provision for Income Taxes in the Condensed Consolidated Statements of Income.

Retirement Plans

Retirement Plans	9 Months Ended
	Jan. 31, 2016
Retirement Plans [Abstract]
Retirement Plans	12. Retirement Plans The components of net pension expense for the Company’s global defined benefit plans were as follows (in thousands): For the Three Months Ended January 31, For the Nine Months Ended January 31, 2016 2015 2016 2015 Service cost $355 $1,516 $1,092 $4,657 Interest cost 7,477 8,039 22,739 23,228 Expected return on plan assets (9,908) (9,683) (30,194) (27,660) Net amortization of prior service cost (25) 22 (74) 77 Recognized net actuarial loss 1,171 2,075 3,558 5,855 Settlement - - 1,857 - Net pension expense (credit) $(930) $1,969 $(1,022) $6,157 The settlement noted above relates to a disability payment made subject to terms of the Company’s Supplemental Executive Retirement Plan. Employer defined benefit pension plan contributions were $3.0 million and $3.1 million for the three months ended January 31, 2016 and 2015, respectively, and $13.7 million and $8.1 million for the nine months ended January 31, 2016 and 2015, respectively. Contributions for employer defined contribution plans were approximately $3.6 million and $3.2 million for the three months ended January 31, 2016 and 2015, respectively, and $12.7 million and $12.1 million for the nine months ended January 31, 2016 and 2015, respectively.

Debt and Available Credit Facil

Debt and Available Credit Facilities	9 Months Ended
	Jan. 31, 2016
Debt and Available Credit Facilities [Abstract]
Debt and Available Credit Facilities	13. Debt and Available Credit Facilities On October 31, 2015, the Company renewed its U.S. dollar facility with TD Bank, N.A. which is equally ranked with the Company’s existing agreement with Bank of America - Merrill Lynch and The Royal Bank of Scotland plc, and Santander Bank. The agreement consists of a $50 million 364-day revolving credit facility. The facility has been fully drawn since inception. The borrowing rate is LIBOR plus an applicable margin ranging from 0.80% to 1.40%, and a facility fee will be due on any undrawn amounts ranging from 0.125% to 0.30%, both depending on the Company consolidated leverage ratio, as defined. The credit agreement contains certain restrictive covenants related to the Company’s consolidated leverage ratio and interest coverage ratio, which the Company was in compliance with as of January 31, 2016. The proceeds of this revolving credit facility were used to pay a portion of the Company’s existing revolving credit facility and meet seasonal operating cash requirements. On August 6, 2015, the Company entered into a $100 million 364-day U.S. dollar revolving credit facility reinstated every 30 days with Santander Bank, N.A. which is equally ranked with the Company’s existing agreement with Bank of America - Merrill Lynch and The Royal Bank of Scotland plc, and TD Bank, N.A. The facility has been fully drawn since inception. The borrowing rate is LIBOR plus a margin of 1.0%. The proceeds of the new revolving credit facility were used to pay a portion of the Company’s existing revolving credit facilities and meet seasonal operating cash requirements. See Subsequent Event Footnote (Note 16) for information on the Company’s recent debt refinancing.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Jan. 31, 2016
Derivative Instruments and Hedging Activities [Abstract]
Derivative Instruments and Hedging Activities	14. Derivative Instruments and Hedging Activities The Company, from time-to-time, enters into forward exchange and interest rate swap contracts as a hedge against foreign currency asset and liability commitments, changes in interest rates and anticipated transaction exposures, including intercompany purchases. All derivatives are recognized as assets or liabilities and measured at fair value. Derivatives that are not determined to be effective hedges are adjusted to fair value with a corresponding adjustment to earnings. The Company does not use financial instruments for trading or speculative purposes. Interest Rate Contracts: The Company had $964.7 million of variable rate loans outstanding at January 31, 2016, which approximated fair value. On August 15, 2014, the Company entered into an interest rate swap agreement which fixed a portion of the variable interest due on its variable rate loans outstanding. Under the terms of the agreement, the Company pays a fixed rate of 0.65% and receives a variable rate of interest based on one-month LIBOR (as defined) from the counterparty which is reset every month for a two-year period ending August 15, 2016. As of January 31, 2016, the notional amount of the interest rate swap was $150.0 million. On January 15, 2014, the Company entered into an interest rate swap agreement which fixed a portion of the variable interest due on its variable rate loans outstanding. Under the terms of the agreement which expired on January 15, 2016, the Company paid a fixed rate of 0.47% and received a variable rate of interest based on one-month LIBOR (as defined) from the counterparty which was reset every month for a two-year period. As of January 31, 2015, the notional amount of the interest rate swap was $150.0 million. On March 30, 2012, the Company entered into an interest rate swap agreement which fixed a portion of the variable interest due on its variable rate loans outstanding. Under the terms of the agreement, which expired on March 31, 2015, the Company paid a fixed rate of 0.645% and received a variable rate of interest based on one-month LIBOR (as defined) from the counterparty which was reset every month for a three-year period ending March 31, 2015. As of January 31, 2015, the notional amount of the interest rate swap was $150.0 million. The interest rate swap agreements maintained by the Company were designated as fully effective cash flow hedges as defined under Accounting Standards Codification (“ASC”) 815 “Derivatives and Hedging”. As a result, there was no impact on the Company’s Condensed Consolidated Statements of Income for changes in the fair value of the interest rate swaps as they were fully offset by changes in the interest expense on the underlying variable rate debt instruments. Under ASC 815, fully effective derivative instruments that are designated as cash flow hedges have changes in their fair value recorded initially within Accumulated Other Comprehensive Loss in the Condensed Consolidated Statements of Financial Position. As interest expense is recognized based on the variable rate loan agreements, the corresponding deferred gain or loss on the interest rate swaps is reclassified from Accumulated Other Comprehensive Loss to Interest Expense in the Condensed Consolidated Statements of Income. It is management’s intention that the notional amount of interest rate swaps be less than the variable rate loans outstanding during the life of the derivatives. The Company records the fair value of its interest rate swaps on a recurring basis using Level 2 inputs of quoted prices for similar assets or liabilities in active markets. The fair value of the interest rate swaps as of January 31, 2016 and 2015 and April 30, 2015 was a deferred loss of $0.2 million, $0.8 million, and $0.6 million, respectively. The entire deferred loss of $0.2 million as of January 31, 2016 was recorded in Other Accrued Liabilities. Based on the maturity dates of the contracts, approximately $0.4 million and $0.2 million of the deferred losses as of January 31, 2015 and April 30, 2015 were recorded in Other Accrued Liabilities, respectively, with the remaining deferred losses in each period of $0.4 million and $0.4 million recorded in Other Long-Term Liabilities, respectively. The pre-tax losses that were reclassified from Accumulated Other Comprehensive Loss into Interest Expense for the nine months ended January 31, 2016 and 2015 were $0.8 million and $1.3 million, respectively. Foreign Currency Contracts: The Company may enter into forward exchange contracts to manage the Company’s exposure on certain foreign currency denominated assets and liabilities. The forward exchange contracts are marked to market through Foreign Exchange Transaction Gains in the Condensed Consolidated Statements of Income, and carried at their fair value in the Condensed Consolidated Statements of Financial Position. Foreign currency denominated assets and liabilities are remeasured at spot rates in effect on the balance sheet date, with the effects of changes in spot rates reported in Foreign Exchange Transaction Gains (Losses). The Company did not maintain any open forward contracts as of January 31, 2016 or April 30, 2015. As of January 31, 2015, the Company maintained two open forward contracts with notional amounts of 75 million Euros and 103 million pounds sterling. During the first nine months of fiscal years 2016 and 2015, the Company did not designate any forward contracts as hedges under current accounting standards as the benefits of doing so were not material due to the short-term nature of the contracts. The fair value changes in the forward exchange contracts substantially mitigated the changes in the value of the applicable foreign currency denominated assets and liabilities. As of January 31, 2015, the fair value of the open forward exchange contract was a loss of approximately $8.8 million and recorded within the Other Accrued Liabilities line item in the Condensed Consolidated Statements of Financial Position. The fair value was measured on a recurring basis using Level 2 inputs. For the three and nine months ended January 31, 2015, the losses recognized on the forward contracts were $4.6 million and $8.8 million, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jan. 31, 2016
Commitments and Contingencies [Abstract]
Commitments and Contingencies	15. Commitment and Contingencies Over the past few years, the Company has from time to time faced claims from photographers or agencies that the Company has used photographs without licenses or beyond licensed permissions. The Company has insurance coverage for a significant portion of such claims. The Company does not believe that its exposure to such claims either individually or in the aggregate is material.

Subsequent Event

Subsequent Event	9 Months Ended
	Jan. 31, 2016
Subsequent Event [Abstract]
Subsequent Event	16. Subsequent Event On March 1, 2016, the Company amended and extended its existing revolving credit agreement (“RCA”) with a syndicated bank group led by Bank of America. The existing RCA consisted of a $940 million senior revolving credit facility due on November 2, 2016. The new agreement consists of a $1.1 billion five-year senior revolving credit facility payable March 1, 2021. The proceeds of the amended facility will be used for general corporate purposes including seasonal operating cash requirements, and strategic acquisitions. Due to the refinancing, the Company has continued to classify amounts outstanding under its existing RCA as of January 31, 2016 as long-term.

Recent Accounting Standards (Po

Recent Accounting Standards (Policies)	9 Months Ended
	Jan. 31, 2016
Recent Accounting Standards [Abstract]
Recent Accounting Standards	2. Recent Accounting Standards In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09 "Revenue from Contracts with Customers" (Topic 606) (“ASU 2014-09”), and the International Accounting Standards Board (“IASB”) published its equivalent standard, International Financial Reporting Standard (“IFRS”) 15, “Revenue from Contracts with Customers”. These joint comprehensive new revenue recognition standards will supersede most existing revenue recognition guidance and are intended to improve and converge revenue recognition and related financial reporting requirements. The standard is effective for the Company on May 1, 2018 with early adoption permitted on May 1, 2017. The standard allows for either “full retrospective” adoption, meaning the standard is applied to all periods presented, or “cumulative effect” adoption, meaning the standard is applied only to the most current period presented in the financial statements. The Company is currently assessing whether the adoption of the guidance will have a significant impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-05 "Intangibles- Goodwill and Other- Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in Cloud Computing Arrangements" (“ASU 2015-05”). Cloud computing arrangements represent the delivery of hosted services over the internet which include software, platforms, infrastructure and other hosting arrangements. The ASU provides criteria to determine whether the cloud computing arrangement includes a software license. If the criteria are met, the customer will capitalize the fee attributable to the software license portion of the arrangement as internal-use software. If the arrangement does not include a software license, it should be treated as a service contract and expensed as services are received. The standard is effective for the Company on May 1, 2016 with early adoption permitted. An entity can elect to adopt either prospectively for all arrangements entered into or materially modified after the effective date or retrospectively. The Company intends to adopt the guidance on a prospective basis as of May 1, 2016. In November 2015, the FASB issued ASU 2015-17 “Income Taxes- Balance Sheet Classification of Deferred Taxes”. To simplify the presentation of deferred income taxes, the amendments in this update require that all deferred tax liabilities and assets, including those previously classified as current, be classified as noncurrent in a classified statement of financial position. The amendments in this Update will align the presentation of deferred income tax assets and liabilities with International Financial Reporting Standards (IFRS). The standard is effective for the company May 1, 2017 with early adoption permitted. The Company is currently assessing the impact the new guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 "Leases (Topic 842)”. ASU 2016-02 requires lessees to recognize most leases on the balance sheet which will result in an increase in reported assets and liabilities. The recognition of expenses within the income statement is consistent with the existing lease accounting standards. There are no significant changes in the new standard for lessors under operating leases. The standard is effective for the Company on May 1, 2019 with early adoption permitted. Adoption requires application of the new guidance for all periods presented. The Company is currently assessing the impact the new guidance will have on its consolidated financial statements.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Jan. 31, 2016
Share-Based Compensation [Abstract]
Schedule of share-based compensation data for awards granted	The following table provides share-based compensation data for awards granted by the Company: For the Nine Months Ended January 31, 2016 2015 Restricted Stock: Awards granted (in thousands) 289 306 Weighted average fair value of grant $55.91 $59.63 Stock Options: Awards granted (in thousands) 160 188 Weighted average fair value of grant $14.77 $16.97
Weighted-average black-scholes fair value assumptions by stock option grants	The weighted average Black-Scholes fair value assumptions for stock option grants are as follows: For the Nine Months Ended January 31, 2016 2015 Expected life of options (years) 7.2 7.2 Risk-free interest rate 2.1% 2.2% Expected volatility 29.7% 30.9% Expected dividend yield 2.1% 1.9% Fair value of common stock on grant date $55.99 $59.70

Accumulated Other Comprehensi25

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Jan. 31, 2016
Accumulated Other Comprehensive Loss [Abstract]
Changes in accumulated other comprehensive loss by component, net of tax	Changes in Accumulated Other Comprehensive Loss by component, net of tax, for the three and nine months ended January 31, 2016 and 2015 were as follows (in thousands): Foreign Unamortized Interest Currency Retirement Rate Translation Costs Swaps Total Balance at October 31, 2015 $(241,990) $(157,153) $(224) $(399,367) Other comprehensive income (loss) before reclassifications (66,066) 6,182 (43) (59,927) Amounts reclassified from accumulated other comprehensive loss - 814 152 966 Total other comprehensive income (loss) (66,066) 6,996 109 (58,961) Balance at January 31, 2016 $(308,056) $(150,157) $(115) $(458,328) Balance at April 30, 2015 $(246,854) $(159,434) $(345) $(406,633) Other comprehensive income (loss) before reclassifications (61,202) 5,107 (271) (56,366) Amounts reclassified from accumulated other comprehensive loss - 4,170 501 4,671 Total other comprehensive income (loss) $(61,202) $9,277 $230 $(51,695) Balance at January 31, 2016 $(308,056) $(150,157) $(115) $(458,328) Foreign Unamortized Interest Currency Retirement Rate Translation Costs Swaps Total Balance at October 31, 2014 $(133,452) $(116,475) $(563) $(250,490) Other comprehensive income (loss) before reclassifications (99,306) 4,998 (215) (94,523) Amounts reclassified from accumulated other comprehensive loss - 1,452 306 1,758 Total other comprehensive income (loss) (99,306) 6,450 91 (92,765) Balance at January 31, 2015 $(232,758) $(110,025) $(472) $(343,255) Balance at April 30, 2014 $(66,664) $(123,025) $(602) $(190,291) Other comprehensive income (loss) before reclassifications (166,094) 8,439 (638) (158,293) Amounts reclassified from accumulated other comprehensive loss - 4,561 768 5,329 Total other comprehensive income (loss) (166,094) 13,000 130 (152,964) Balance at January 31, 2015 $(232,758) $(110,025) $(472) $(343,255)

Reconciliation of Weighted Av26

Reconciliation of Weighted Average Shares Outstanding and Share Repurchases (Tables)	9 Months Ended
	Jan. 31, 2016
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Reconciliation of shares used in computation of earnings per share	A reconciliation of the shares used in the computation of earnings per share follows (in thousands): For the Three Months Ended January 31, For the Nine Months Ended January 31, 2016 2015 2016 2015 Weighted average shares outstanding 57,970 58,773 58,447 59,061 Less: Unearned restricted shares (292) (256) (255) (248) Shares used for basic earnings per share 57,678 58,517 58,192 58,813 Dilutive effect of stock options and other stock awards 526 826 519 819 Shares used for diluted earnings per share 58,204 59,343 58,711 59,632

Restructuring and Reinvestmen27

Restructuring and Reinvestment Program (Tables)	9 Months Ended
	Jan. 31, 2016
Restructuring and Reinvestment Program [Abstract]
Pre-tax restructuring charges (credits)	The following tables summarize the pre-tax restructuring charges (credits) related to this program (in thousands): Cumulative Program For the Three Months For the Nine Months Charges Ended January 31, Ended January 31, to Date 2016 2015 2016 2015 Charges (Credits) by Segment: Research $4,461 $4,507 $5,327 $4,322 $20,550 Professional Development 1,382 3,588 1,587 3,833 24,117 Education 1,020 1,033 1,214 1,084 4,793 Shared Services 6,850 14,906 12,704 14,640 67,350 Total $13,713 $24,034 $20,832 $23,879 $116,810 Charges (Credits) by Activity: Severance $12,395 $11,962 $14,965 $12,605 $77,724 Process Reengineering Consulting 997 446 7,191 301 18,666 Other Activities 321 11,626 (1,324) 10,973 20,420 Total $13,713 $24,034 $20,832 $23,879 $116,810
Activity for restructuring and reinvestment program liability	The following table summarizes the activity for the Restructuring and Reinvestment Program liability for the nine months ended January 31, 2016 (in thousands): Foreign Translation & April 30, 2015 Charges Payments Reclassifications January 31, 2016 Severance $18,794 14,965 $(15,236) $(258) $18,265 Process Reengineering Consulting - 7,191 (6,523) - 668 Other Activities 11,859 (1,324) (3,050) (404) 7,081 Total $30,653 20,832 $(24,809) $(662) $26,014

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jan. 31, 2016
Segment Information [Abstract]
Segment information	Segment information is as follows (in thousands): For the Three Months For the Nine Months Ended January 31, Ended January 31, 2016 2015 2016 2015 RESEARCH Revenue $224,719 $246,454 $700,497 $766,149 Direct Contribution to Profit $92,730 $109,453 $310,424 $346,931 Allocated Shared Services and Administrative Costs: Distribution and Operation Services (9,511) (10,722) (29,775) (34,141) Technology and Content Management (23,365) (23,455) (73,170) (73,030) Occupancy and Other (6,954) (7,547) (21,911) (21,854) Contribution to Profit $52,900 $67,729 $185,568 $217,906 PROFESSIONAL DEVELOPMENT Revenue $103,399 $108,587 $301,230 $306,581 Direct Contribution to Profit $40,447 $35,698 $123,225 $106,207 Allocated Shared Services and Administrative Costs: Distribution and Operation Services (7,164) (7,401) (20,820) (23,671) Technology and Content Management (10,345) (12,496) (30,403) (35,668) Occupancy and Other (5,924) (6,494) (17,222) (20,239) Contribution to Profit $17,014 $9,307 $54,780 $26,629 EDUCATION Revenue $108,275 $110,864 $291,009 $308,064 Direct Contribution to Profit $44,397 $46,800 $103,534 $116,104 Allocated Shared Services and Administrative Costs: Distribution and Operation Services (4,111) (3,341) (11,276) (9,886) Technology and Content Management (13,427) (13,111) (37,237) (40,647) Occupancy and Other (3,579) (3,690) (11,674) (10,488) Contribution to Profit $23,280 $26,658 $43,347 $55,083 Total Contribution to Profit $93,194 $103,694 $283,695 $299,618 Unallocated Shared Services and Administrative Costs (53,575) (49,652) (138,902) (119,942) Operating Income $39,619 $54,042 $144,793 $179,676 The following table reflects total Shared Services and Administrative costs by function, which are allocated to business segments based on the methodologies described above: For the Three Months For the Nine Months Ended January 31, Ended January 31, Total Shared Services and Administrative Costs: 2016 2015 2016 2015 Distribution & Operation Services $20,877 $21,366 $62,253 $67,906 Technology & Content Management 66,751 60,765 189,945 182,893 Finance 12,608 12,991 37,100 39,299 Other Administration 30,869 27,881 90,388 84,828 Restructuring Charges (see Note 7) 6,850 14,906 12,704 14,640 Total $137,955 $137,909 $392,390 $389,566 For the Three Months For the Nine Months Ended January 31, Ended January 31, Total Revenue by Product/Service: 2016 2015 2016 2015 Journal Revenue $180,678 $205,807 $588,351 $649,827 Books and Custom Material 165,063 173,093 468,976 516,044 Online Program Management (Deltak) 26,056 23,045 69,753 58,981 Talent Solutions 26,121 29,086 78,343 72,702 Course Workflow Solutions (WileyPlus) 21,900 20,841 41,366 40,555 Other 16,575 14,032 45,947 42,684 Total $436,393 $465,905 $1,292,736 $1,380,794

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jan. 31, 2016
Inventories [Abstract]
Inventories	Inventories were as follows (in thousands): As of January 31, As of April 30, 2016 2015 2015 Finished goods $41,974 $48,212 $52,705 Work-in-process 6,937 6,884 6,552 Paper, cloth and other 4,520 5,485 4,676 $53,431 $60,581 63,933 Inventory value of estimated sales returns 7,250 9,538 6,555 LIFO reserve (6,934) (5,092) (6,709) Total inventories $53,747 $65,027 $63,779

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Jan. 31, 2016
Intangible Assets [Abstract]
Schedule of intangible assets	Intangible assets consisted of the following (in thousands): As of January 31, As of April 30, 2016 2015 2015 Intangible assets with indefinite lives: Brands and trademarks $145,613 $151,933 $152,332 Content and publishing rights 83,821 87,280 83,972 $229,434 $239,213 $236,304 Net intangible assets with determinable lives: Content and publishing rights $455,960 $490,478 $482,596 Customer relationships 171,496 185,291 181,272 Brands and trademarks 14,887 17,572 16,783 Covenants not to compete 447 745 666 $642,790 $694,086 $681,317 Total $872,224 $933,299 $917,621

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Jan. 31, 2016
Retirement Plans [Abstract]
Components of net pension expense for the defined benefit plans	The components of net pension expense for the Company’s global defined benefit plans were as follows (in thousands): For the Three Months Ended January 31, For the Nine Months Ended January 31, 2016 2015 2016 2015 Service cost $355 $1,516 $1,092 $4,657 Interest cost 7,477 8,039 22,739 23,228 Expected return on plan assets (9,908) (9,683) (30,194) (27,660) Net amortization of prior service cost (25) 22 (74) 77 Recognized net actuarial loss 1,171 2,075 3,558 5,855 Settlement - - 1,857 - Net pension expense (credit) $(930) $1,969 $(1,022) $6,157

Basis of Presentation (Details)

Basis of Presentation (Details)	9 Months Ended
	Jan. 31, 2016
Basis of Presentation [Abstract]
Lag period between the company's recent international acquisition and financial reporting	2 months

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Share-Based Compensation [Abstract]
Share-based compensation expense	$ 4.2	$ 3.7	$ 12.3	$ 11.8
Restricted Stock [Member]
Share-based compensation data for awards granted by the Company [Abstract]
Awards granted (in shares)			289	306
Weighted average fair value of grant (in dollars per share)	$ 55.91	$ 59.63	$ 55.91	$ 59.63
Stock Options [Member]
Share-based compensation data for awards granted by the Company [Abstract]
Awards granted (in shares)			160	188
Weighted average fair value of grant (in dollars per share)			$ 14.77	$ 16.97
Weighted-average Black-Scholes fair value assumptions by stock option grants [Abstract]
Expected life of options			7 years 2 months 12 days	7 years 2 months 12 days
Risk-free interest rate			2.10%	2.20%
Expected volatility			29.70%	30.90%
Expected dividend yield			2.10%	1.90%
Fair value of common stock on grant date (in dollars per share)	$ 55.99	$ 59.70	$ 55.99	$ 59.70

Accumulated Other Comprehensi34

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ (399,367)	$ (250,490)	$ (406,633)	$ (190,291)
Other comprehensive income (loss) before reclassifications	(59,927)	(94,523)	(56,366)	(158,293)
Amounts reclassified from accumulated other comprehensive loss	966	1,758	4,671	5,329
Total other comprehensive income (loss)	(58,961)	(92,765)	(51,695)	(152,964)
Balance	(458,328)	(343,255)	(458,328)	(343,255)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(241,990)	(133,452)	(246,854)	(66,664)
Other comprehensive income (loss) before reclassifications	(66,066)	(99,306)	(61,202)	(166,094)
Amounts reclassified from accumulated other comprehensive loss	0	0	0	0
Total other comprehensive income (loss)	(66,066)	(99,306)	(61,202)	(166,094)
Balance	(308,056)	(232,758)	(308,056)	(232,758)
Unamortized Retirement Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(157,153)	(116,475)	(159,434)	(123,025)
Other comprehensive income (loss) before reclassifications	6,182	4,998	5,107	8,439
Amounts reclassified from accumulated other comprehensive loss	814	1,452	4,170	4,561
Total other comprehensive income (loss)	6,996	6,450	9,277	13,000
Balance	(150,157)	(110,025)	(150,157)	(110,025)
Pre-tax actuarial losses included in Unamortized Retirement Costs	1,200	2,100	3,500	6,000
Interest Rate Swaps [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(224)	(563)	(345)	(602)
Other comprehensive income (loss) before reclassifications	(43)	(215)	(271)	(638)
Amounts reclassified from accumulated other comprehensive loss	152	306	501	768
Total other comprehensive income (loss)	109	91	230	130
Balance	$ (115)	$ (472)	$ (115)	$ (472)

Reconciliation of Weighted Av35

Reconciliation of Weighted Average Shares Outstanding and Share Repurchases (Details) - $ / shares	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Weighted average shares outstanding (in shares)	57,970,000	58,773,000	58,447,000	59,061,000
Less: Unearned restricted shares (in shares)	(292,000)	(256,000)	(255,000)	(248,000)
Shares used for basic earnings per share (in shares)	57,678,000	58,517,000	58,192,000	58,813,000
Dilutive effect of stock options and other stock awards (in shares)	526,000	826,000	519,000	819,000
Shares used for diluted earnings per share (in shares)	58,204,000	59,343,000	58,711,000	59,632,000
Shares repurchased (in shares)	347,961		1,216,098
Average purchase price (in dollars per share)	$ 43.11		$ 49.09
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded for diluted EPS calculation (in shares)	1,251,648	178,144	1,251,648	178,144
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded for diluted EPS calculation (in shares)	10,640	0	64,200	0

Acquisitions (Details)

Acquisitions (Details) $ in Thousands, EndUser in Millions	May. 01, 2014USD ($)ObjectLanguageEndUserCountry	Jan. 31, 2016USD ($)	Jan. 31, 2015USD ($)	Jan. 31, 2016USD ($)	Jan. 31, 2015USD ($)	Apr. 30, 2015USD ($)	May. 02, 2014USD ($)
Business Acquisition [Line Items]
Cash, net of cash acquired				$ 17,972	$ 172,661
Lag period between the company's recent international acquisition and financial reporting				2 months
Revenue		$ 436,393	$ 465,905	$ 1,292,736	1,380,794
Operating loss		39,619	54,042	144,793	179,676
Goodwill		938,796	964,818	$ 938,796	964,818	$ 962,367
Cross Knowledge [Member]
Business Acquisition [Line Items]
Cash, net of cash acquired	$ 166,000
Number of learning objects | Object	19,000
Number of languages in which training program provided | Language	17
Number of end-users served by enterprise | EndUser	5
Number of countries in which enterprise serves the end users | Country	80
Lag period between the company's recent international acquisition and financial reporting				2 months
Revenue		13,000	16,200	$ 36,200	31,500
Operating loss		$ (1,600)	$ (2,800)	$ (3,900)	$ (3,600)
Purchase price allocation, customer relationships and content							$ 63,000
Purchase price allocation, technology							6,300
Purchase price allocation, long-term deferred tax liabilities							21,500
Negative working capital							(4,300)
Goodwill							$ 122,500
Estimated useful life of intangible assets acquired				15 years

Restructuring and Reinvestmen37

Restructuring and Reinvestment Program (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		45 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016
Restructuring Cost and Reserve [Line Items]
Total restructuring charge	$ 13,713	$ 24,034	$ 20,832	$ 23,879	$ 116,810
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring Liability, Beginning Balance			30,653
Charges	13,713	24,034	20,832	23,879
Payments			(24,809)	(25,473)
Foreign Translation & Reclassifications			(662)
Restructuring Liability, Ending Balance	26,014		26,014		26,014
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring charge	12,395	11,962	14,965	12,605	77,724
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring Liability, Beginning Balance			18,794
Charges			14,965
Payments			(15,236)
Foreign Translation & Reclassifications			(258)
Restructuring Liability, Ending Balance	18,265		18,265		18,265
Process Reengineering Consulting [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring charge	997	446	7,191	301	18,666
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring Liability, Beginning Balance			0
Charges			7,191
Payments			(6,523)
Foreign Translation & Reclassifications			0
Restructuring Liability, Ending Balance	668		668		668
Other Activities [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring charge	321	11,626	(1,324)	10,973	20,420
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring Liability, Beginning Balance			11,859
Charges			(1,324)
Payments			(3,050)
Foreign Translation & Reclassifications			(404)
Restructuring Liability, Ending Balance	7,081		7,081		7,081
Other Activities [Member] | Other Accrued Liabilities [Member]
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring Liability, Ending Balance	600		600		600
Other Activities [Member] | Other Long-Term Liabilities [Member]
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring Liability, Ending Balance	6,500		6,500		6,500
Research [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring charge	4,461	4,507	5,327	4,322	20,550
Professional Development [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring charge	1,382	3,588	1,587	3,833	24,117
Education [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring charge	1,020	1,033	1,214	1,084	4,793
Shared Services [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring charge	$ 6,850	$ 14,906	$ 12,704	$ 14,640	$ 67,350

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2016USD ($)	Jan. 31, 2015USD ($)	Jan. 31, 2016USD ($)CoreBusinesses	Jan. 31, 2015USD ($)
Segment Information [Abstract]
Number of core businesses | CoreBusinesses			3
Segment Reporting Information [Line Items]
Revenue	$ 436,393	$ 465,905	$ 1,292,736	$ 1,380,794
Shared services and administration costs	137,955	137,909	392,390	389,566
Operating Income	39,619	54,042	144,793	179,676
Distribution and Operation Services [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	20,877	21,366	62,253	67,906
Technology and Content Management [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	66,751	60,765	189,945	182,893
Finance [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	12,608	12,991	37,100	39,299
Other Administration [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	30,869	27,881	90,388	84,828
Restructuring Charges [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	6,850	14,906	12,704	14,640
Journal Revenue [Member]
Segment Reporting Information [Line Items]
Revenue	180,678	205,807	588,351	649,827
Books and Custom Material [Member]
Segment Reporting Information [Line Items]
Revenue	165,063	173,093	468,976	516,044
Online Program Management (Deltak) [Member]
Segment Reporting Information [Line Items]
Revenue	26,056	23,045	69,753	58,981
Talent Solutions [Member]
Segment Reporting Information [Line Items]
Revenue	26,121	29,086	78,343	72,702
Course Workflow Solutions (WileyPlus) [Member]
Segment Reporting Information [Line Items]
Revenue	21,900	20,841	41,366	40,555
Other [Member]
Segment Reporting Information [Line Items]
Revenue	16,575	14,032	45,947	42,684
Operating Segments [Member]
Segment Reporting Information [Line Items]
Contribution to Profit	93,194	103,694	283,695	299,618
Operating Segments [Member] | Research [Member]
Segment Reporting Information [Line Items]
Revenue	224,719	246,454	700,497	766,149
Direct contribution to profit	92,730	109,453	310,424	346,931
Contribution to Profit	52,900	67,729	185,568	217,906
Operating Segments [Member] | Research [Member] | Distribution and Operation Services [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	(9,511)	(10,722)	(29,775)	(34,141)
Operating Segments [Member] | Research [Member] | Technology and Content Management [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	(23,365)	(23,455)	(73,170)	(73,030)
Operating Segments [Member] | Research [Member] | Occupancy and Other [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	(6,954)	(7,547)	(21,911)	(21,854)
Operating Segments [Member] | Professional Development [Member]
Segment Reporting Information [Line Items]
Revenue	103,399	108,587	301,230	306,581
Direct contribution to profit	40,447	35,698	123,225	106,207
Contribution to Profit	17,014	9,307	54,780	26,629
Operating Segments [Member] | Professional Development [Member] | Distribution and Operation Services [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	(7,164)	(7,401)	(20,820)	(23,671)
Operating Segments [Member] | Professional Development [Member] | Technology and Content Management [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	(10,345)	(12,496)	(30,403)	(35,668)
Operating Segments [Member] | Professional Development [Member] | Occupancy and Other [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	(5,924)	(6,494)	(17,222)	(20,239)
Operating Segments [Member] | Education [Member]
Segment Reporting Information [Line Items]
Revenue	108,275	110,864	291,009	308,064
Direct contribution to profit	44,397	46,800	103,534	116,104
Contribution to Profit	23,280	26,658	43,347	55,083
Operating Segments [Member] | Education [Member] | Distribution and Operation Services [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	(4,111)	(3,341)	(11,276)	(9,886)
Operating Segments [Member] | Education [Member] | Technology and Content Management [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	(13,427)	(13,111)	(37,237)	(40,647)
Operating Segments [Member] | Education [Member] | Occupancy and Other [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	(3,579)	(3,690)	(11,674)	(10,488)
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Shared services and administration costs	$ (53,575)	$ (49,652)	$ (138,902)	$ (119,942)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Apr. 30, 2015	Jan. 31, 2015
Inventories [Abstract]
Finished goods	$ 41,974	$ 52,705	$ 48,212
Work-in-process	6,937	6,552	6,884
Paper, cloth and other	4,520	4,676	5,485
Gross inventory	53,431	63,933	60,581
Inventory value of estimated sales returns	7,250	6,555	9,538
LIFO reserve	(6,934)	(6,709)	(5,092)
Total inventories	$ 53,747	$ 63,779	$ 65,027

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Apr. 30, 2015	Jan. 31, 2015
Indefinite-lived Intangible Assets [Line Items]
Intangible assets with indefinite lives	$ 229,434	$ 236,304	$ 239,213
Finite-Lived Intangible Assets [Line Items]
Net intangible assets with determinable lives	642,790	681,317	694,086
Total	872,224	917,621	933,299
Brands and Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets with indefinite lives	145,613	152,332	151,933
Content and Publishing Rights [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets with indefinite lives	83,821	83,972	87,280
Content and Publishing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Net intangible assets with determinable lives	455,960	482,596	490,478
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Net intangible assets with determinable lives	171,496	181,272	185,291
Brands and Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Net intangible assets with determinable lives	14,887	16,783	17,572
Covenants not to Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Net intangible assets with determinable lives	$ 447	$ 666	$ 745

Income Taxes (Details)

Income Taxes (Details) $ / shares in Units, € in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Jan. 31, 2016USD ($)$ / shares	Jan. 31, 2016USD ($)	Jan. 31, 2016EUR (€)	Jan. 31, 2015
Income Taxes [Abstract]
Effective tax rate		17.80%	17.80%	24.30%
Income Tax Examination [Line Items]
Non-cash deferred tax benefit associated with new tax legislation enacted in the U.K. | $	$ 5.9
Deferred tax benefits (in dollars per share) | $ / shares	$ 0.10
Corporate income tax rate reduction, U.K.	2.00%
Income tax statutory rate for UK in 2017		19.00%	19.00%
Income tax statutory rate for UK in 2020		18.00%	18.00%
Effective tax rate excluding the tax benefits due to new tax legislation enacted in the U.K.		22.10%	22.10%	24.30%
Minimum [Member]
Income Tax Examination [Line Items]
Expected resolution period on tax appeal		18 months	18 months
Maximum [Member]
Income Tax Examination [Line Items]
Expected resolution period on tax appeal		24 months	24 months
Foreign Tax Authority [Member]
Income Tax Examination [Line Items]
Expected tax benefits derived from the step-up			€ 50
Expected tax benefits amortization		15 years	15 years
Total deposits			€ 48
Additional deposits for future deposits			€ 10
Expected interest rate on deposits		6.00%	6.00%
Deposits and accrued interest income | $		$ 59.6

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Defined benefit plans, net periodic benefit cost [Abstract]
Service cost	$ 355	$ 1,516	$ 1,092	$ 4,657
Interest cost	7,477	8,039	22,739	23,228
Expected return on plan assets	(9,908)	(9,683)	(30,194)	(27,660)
Net amortization of prior service cost	(25)	22	(74)	77
Recognized net actuarial loss	1,171	2,075	3,558	5,855
Settlement	0	0	1,857	0
Net pension expense (credit)	(930)	1,969	(1,022)	6,157
Pension plan contributions	3,000	3,100	13,700	8,100
Defined contribution plan	$ 3,600	$ 3,200	$ 12,700	$ 12,100

Debt and Available Credit Fac43

Debt and Available Credit Facilities (Details) - Revolving Credit Facility [Member] - USD ($) $ in Millions	Oct. 31, 2015	Aug. 06, 2015
Credit Facilities [Line Items]
Amount of financing available under credit facilities	$ 50	$ 100
Term of credit facility	364 days	364 days
Period of reinstatement of credit facility		30 days
Minimum [Member]
Credit Facilities [Line Items]
Facility fee	0.125%
Maximum [Member]
Credit Facilities [Line Items]
Facility fee	0.30%
LIBOR [Member]
Credit Facilities [Line Items]
Variable rate		1.00%
LIBOR [Member] | Minimum [Member]
Credit Facilities [Line Items]
Variable rate	0.80%
LIBOR [Member] | Maximum [Member]
Credit Facilities [Line Items]
Variable rate	1.40%

Derivative Instruments and He44

Derivative Instruments and Hedging Activities (Details) € in Millions, £ in Millions, $ in Millions	3 Months Ended	9 Months Ended		12 Months Ended
	Apr. 30, 2015USD ($)	Jan. 31, 2016USD ($)	Jan. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Jan. 31, 2015EUR (€)	Jan. 31, 2015GBP (£)
Fair value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Variable rate loans outstanding		$ 964.7
Interest rate swaps [Member]
Derivative [Line Items]
Fair value of derivative instrument	$ (0.6)	(0.2)	$ (0.8)	$ (0.6)
Interest rate swaps [Member] | Other Accrued Liabilities [Member]
Derivative [Line Items]
Deferred loss on interest rate swap recorded as liabilities		$ (0.2)	(0.4)	(0.2)
Interest rate swaps [Member] | Other Long-Term Liabilities [Member]
Derivative [Line Items]
Deferred loss on interest rate swap recorded as liabilities	(0.4)		(0.4)
Interest rate swaps [Member] | August 2014 Interest rate swap (variable rate loans) [Member]
Derivative [Line Items]
Inception date		Aug. 15, 2014
Fixed interest rate		0.65%
Description of variable rate basis		one-month LIBOR
Basis of variable interest rate, reference rate reset period		1 month
Term of derivative instrument		2 years
Expiration date		Aug. 15, 2016
Notional amount of derivative liability		$ 150
Interest rate swaps [Member] | January 2014 Interest rate swap (variable rate loans) [Member]
Derivative [Line Items]
Inception date		Jan. 15, 2014
Fixed interest rate		0.47%
Description of variable rate basis		one-month LIBOR
Basis of variable interest rate, reference rate reset period		1 month
Term of derivative instrument		2 years
Expiration date		Jan. 15, 2016
Notional amount of derivative liability			150
Interest rate swaps [Member] | March 2012 Interest rate swap (variable rate loans) [Member]
Derivative [Line Items]
Inception date		Mar. 30, 2012
Fixed interest rate		0.645%
Description of variable rate basis		one-month LIBOR
Basis of variable interest rate, reference rate reset period		1 month
Term of derivative instrument		3 years
Expiration date		Mar. 31, 2015
Notional amount of derivative liability			$ 150
Forward exchange contracts [Member]
Derivative [Line Items]
Notional amount of derivative liability	$ 0	$ 0		$ 0	€ 75	£ 103

Derivative Instruments and He45

Derivative Instruments and Hedging Activities, Gain (Loss) on derivatives (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Interest expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net losses reclassified from accumulated other comprehensive loss		$ 0.8	$ 1.3
Forward exchange contracts [Member] | Foreign exchange transaction losses [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss on fair value of derivative instruments	$ 4.6		8.8
Losses recognized on derivative instruments			$ (8.8)

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2016	Mar. 01, 2016
Senior Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Senior revolving credit facility	$ 940
Due date of senior revolving credit facility	Nov. 2, 2016
Term of credit facility	5 years
Subsequent Event [Member] | Five-Year Senior Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Senior revolving credit facility		$ 1,100