John Wiley & Sons (WLY) 10-Q7 Sep 182019 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Jul. 31, 2018	Aug. 31, 2018
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	2,019
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2018
Common Stock Class A [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		48,401,058
Common Stock Class B [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		9,143,493

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED - USD ($) $ in Thousands	Jul. 31, 2018		Apr. 30, 2018
Current Assets
Cash and cash equivalents	$ 113,108		$ 169,773
Accounts receivable, net	272,143	[1]	212,377
Inventories, net	36,572		39,489
Prepaid expenses and other current assets	66,481		58,332
Total Current Assets	488,304		479,971
Product Development Assets	69,101		78,814
Royalty Advances, net	25,382		37,058
Technology, Property and Equipment, net	288,124		289,934
Intangible Assets, net	811,158		848,071
Goodwill	997,089		1,019,801
Other Non-Current Assets	92,971		85,802
Total Assets	2,772,129		2,839,451
Current Liabilities
Accounts payable	43,832		90,097
Accrued royalties	78,205		73,007
Contract liability (Deferred revenue)	392,309	[1]	486,353
Accrued employment costs	55,287		116,179
Accrued income taxes	13,140		13,927
Other accrued liabilities	92,734		94,748
Total Current Liabilities	675,507		874,311
Long-Term Debt	507,485		360,000
Accrued Pension Liability	177,079		190,301
Deferred Income Tax Liabilities	141,090		143,518
Other Long-Term Liabilities	96,960		80,764
Total Liabilities	1,598,121		1,648,894
Shareholders' Equity
Preferred Stock, $1 par value: Authorized - 2 million, Issued - 0	0		0
Additional paid-in-capital	413,488		407,120
Retained earnings	1,845,811		1,834,057
Accumulated other comprehensive loss	(471,746)		(439,580)
Treasury stock (Class A - 21,721,960 and 21,853,257 as of July 31, 2018 and April 30, 2018, respectively; Class B - 3,917574 and 3,917,574 as of July 31, 2018 and April 30, 2018, respectively)	(696,727)		(694,222)
Total Shareholders' Equity	1,174,008		1,190,557
Total Liabilities and Shareholders' Equity	2,772,129		2,839,451
Class A [Member]
Shareholders' Equity
Common Stock	70,115		70,111
Class B [Member]
Shareholders' Equity
Common Stock	$ 13,067		$ 13,071

[1]	Due to the adoption of the new revenue standard, the sales return reserve as of July 31, 2018 of $28.2 million is recorded in Contract Liability (Deferred Revenue). In prior periods, it was recorded in Accounts Receivable, Net on the Condensed Consolidated Statement of Financial Position.

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED (Parenthetical) - $ / shares	Jul. 31, 2018	Apr. 30, 2018
Shareholders' Equity
Preferred Stock, par value (in dollars per share)	$ 1	$ 1
Preferred Stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred Stock, shares issued (in shares)	0	0
Class A [Member]
Shareholders' Equity
Common Stock, par value (in dollars per share)	$ 1	$ 1
Common Stock, shares authorized (in shares)	180,000,000	180,000,000
Common Stock, shares issued (in shares)	70,114,603	70,110,603
Treasury stock (in shares)	21,721,960	21,853,257
Class B [Member]
Shareholders' Equity
Common Stock, par value (in dollars per share)	$ 1	$ 1
Common Stock, shares authorized (in shares)	72,000,000	72,000,000
Common Stock, shares issued (in shares)	13,067,067	13,071,067
Treasury stock (in shares)	3,917,574	3,917,574

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Jul. 31, 2018	Jul. 31, 2017
Revenue		$ 410,901	$ 411,444	[1]
Costs and Expenses
Cost of sales		114,391	114,788
Operating and administrative expenses	[2]	253,773	245,738
Restructuring and related (credits) charges		(6,086)	25,729
Amortization of intangibles		12,683	12,619
Total Costs and Expenses		374,761	398,874
Operating Income	[1]	36,140	12,570
Interest Expense		(2,796)	(3,273)
Foreign Exchange Transaction Losses		(1,729)	(5,136)
Interest and Other Income	[2]	2,466	1,935
Income Before Taxes		34,081	6,096
Provision (Benefit) for Income Taxes		7,786	(3,140)
Net Income		$ 26,295	$ 9,236
Earnings Per Share
Basic (in dollars per share)		$ 0.46	$ 0.16
Diluted (in dollars per share)		$ 0.45	$ 0.16
Weighted Average Number of Common Shares Outstanding
Basic (in shares)		57,430	57,016
Diluted (in shares)		58,114	57,709
Class A Common [Member]
Cash Dividends Per Share
Common stock (in dollars per share)		$ 0.33	$ 0.32
Class B Common [Member]
Cash Dividends Per Share
Common stock (in dollars per share)		$ 0.33	$ 0.32

[1]	Due to the retrospective adoption of ASU 2017-07, total net benefits of $1.9 million related to defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest Income and Other. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information. The impact of the reclassification on Contribution to Profit by segment for the three months ended July 31, 2017 was $1.0 million in Research, $0.5 million in Publishing, and $0.4 million in Corporate expenses.
[2]	Due to the retrospective adoption of ASU 2017-07, total net benefits of $1.9 million related to defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest and Other Income for the three months ended July 31, 2017. Total net benefits were $2.4 million for the three months ended July 31, 2018. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Costs and Expenses
Net charges (benefits)	$ (2,047)	$ (1,699)
ASU 2017-07 Member] \| Operating and Administrative Expenses [Member]
Costs and Expenses
Net charges (benefits)		1,900
ASU 2017-07 Member] \| Interest and Other Income [Member]
Costs and Expenses
Net charges (benefits)	$ (2,400)	$ (1,900)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED [Abstract]
Net Income	$ 26,295	$ 9,236
Other Comprehensive Income (Loss):
Foreign currency translation adjustment	(40,325)	27,405
Unamortized retirement costs, tax provision (benefit) of $2,488 and $(577), respectively	8,811	(1,947)
Unrealized gain on interest rate swaps, tax provision of $204 and $221, respectively	(652)	(361)
Total Other Comprehensive (Loss) Income	(32,166)	25,097
Comprehensive (Loss) Income	$ (5,871)	$ 34,333

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Other Comprehensive Income (Loss):
Unamortized retirement costs, tax provision (benefit)	$ 2,488	$ (577)
Unrealized gain on interest rate swaps, tax provision	$ 204	$ 221

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - UNAUDITED - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2018	Jul. 31, 2017
Operating Activities
Net income		$ 26,295	$ 9,236
Adjustments to reconcile net income to net cash used in operating activities:
Amortization of intangibles		12,683	12,619
Amortization of product development spending		10,216	9,644
Depreciation of technology, property and equipment		18,060	18,540
Restructuring (credits) charges		(6,086)	25,729
Stock-based compensation expense (benefit)		3,930	(1,495)
Employee retirement plan expense		2,469	3,235
Royalty advances		(28,526)	(26,290)
Earned royalty advances		39,069	33,129
Impairment of publishing brand		0	3,600
Foreign currency losses		1,729	5,136
Other non-cash credits		(2,274)	(10,999)
Net change in operating assets and liabilities		(227,090)	(163,283)
Net Cash Used in Operating Activities		(149,525)	(81,199)
Investing Activities
Product development spending		(1,710)	(7,540)
Additions to technology, property and equipment		(18,304)	(28,478)
Acquisitions of publication rights and other		(1,970)	(4,413)
Net Cash Used in Investing Activities		(21,984)	(40,431)
Financing Activities
Repayment of long-term debt		(29,900)	(28,700)
Borrowing of long-term debt		177,654	214,664
Purchase of treasury shares		(7,994)	(14,016)
Change in book overdrafts		(9,390)	(13,977)
Cash dividends		(19,043)	(18,382)
Net proceeds from exercise of stock options and other		7,880	5,599
Net Cash Provided by Financing Activities		119,207	145,188
Effects of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	[1]	(4,363)	2,671
Cash, Cash Equivalents and Restricted Cash
(Decrease)/Increase for the Period	[1]	(56,665)	26,229
Balance at Beginning of Period	[1]	170,257	58,516
Balance at End of Period	[1]	113,592	84,745
Cash Paid During the Period for:
Interest		2,476	2,932
Income taxes, net of refunds		$ 12,202	$ 8,522

[1]	Due to the retrospective adoption of ASU 2016-18, we are now required to include restricted cash as part of the change in cash, cash equivalents, and restricted cash. As a result, amounts which were previously classified as cash flows from operating activities have been reclassified as they are recognized in the total change in cash, cash equivalents and restricted cash. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Jul. 31, 2018
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation Throughout this report, when we refer to "Wiley," the "Company," "we," "our," or "us," we are referring to John Wiley & Sons, Inc. and all our subsidiaries, except where the context indicates otherwise. Our unaudited Condensed Consolidated Financial Statements include all the accounts of the Company and our subsidiaries. We have eliminated all significant intercompany transactions and balances in consolidation. 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 Condensed Consolidated Financial Condition, Results of Operations, Comprehensive Income 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. All amounts are in thousands, except per share amounts, and approximate due to rounding. These financial statements should be read in conjunction with the most recent audited financial statements included in our Form 10-K for the fiscal year ended April 30, 2018 as filed with the U.S. Securities and Exchange Commission ("SEC") on June 29, 2018 ("2018 Form 10-K"). Our Condensed Consolidated Financial Statements were prepared in accordance with the interim reporting requirements of the SEC. As permitted under those rules, annual footnotes or other financial information that are normally required by Generally Accepted Accounting Principles in the United States of America ("U.S. GAAP") have been condensed or omitted. The preparation of our Condensed Consolidated Financial Statements in conformity with U.S. GAAP 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 condensed consolidated 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	3 Months Ended
Recent Accounting Standards	Jul. 31, 2018
Recent Accounting Standards [Abstract]
Recent Accounting Standards	Recent Accounting Standards Recently Adopted Accounting Standards In May 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017-09, "Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting," which clarifies when changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. Under the new guidance, modification accounting is only required if the fair value, vesting conditions or classification (equity or liability) of the new award are different from the original award immediately before the original award is modified. We adopted ASU 2017-09 on May 1, 2018. The new guidance must be applied prospectively to awards modified on or after the adoption date. The future impact of ASU 2017-09 will be dependent on the nature of future stock award modifications. In March 2017, the FASB issued ASU 2017-07, "Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." The guidance requires that the service cost component of net pension and postretirement benefit costs be reported in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period, while the other components of net benefit costs must be reported separately from the service cost component and below operating income. The guidance also allows only the service cost component to be eligible for capitalization when applicable. We adopted ASU 2017-07 on May 1, 2018. The new guidance must be applied retrospectively for the presentation of net benefit costs in the income statement and prospectively for the capitalization of the service cost component of net benefit costs. The effect of retrospectively adopting this guidance resulted in a reclassification of net benefits of $1.9 million from Operating and Administrative Expenses to Interest and Other Income on the Condensed Consolidated Statement of Operations for the three months ended July 31, 2017. The amount included in Interest and Other Income on the Condensed Consolidated Statement of Operations for the three months ended July 31, 2018 was a net benefit of $2.4 million. We do not capitalize any service costs. In January 2017, the FASB issued ASU 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business", which clarifies the definition of a business in order to allow for the evaluation of whether transactions should be accounted for as acquisitions or disposals of assets or business. We adopted ASU 2017-01 on May 1, 2018. The future impact of ASU 2017-01 will be dependent upon the nature of future acquisitions or dispositions made by us. In October 2016, the FASB issued ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other than Inventory", which simplifies the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. Current U.S. GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. The new guidance states that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Consequently, the amendments in this Standard eliminate the exception for an intra-entity transfer of an asset other than inventory. We adopted ASU 2016-16 on May 1, 2018. The adoption of ASU 2016-16 did not have a material impact to our condensed consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments," which provides clarification on classifying a variety of activities within the Statement of Cash Flows. We adopted ASU 2016-15 on May 1, 2018. The adoption of ASU 2016-15 did not have a material impact to our condensed consolidated statements of cash flows. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." Subsequently, the FASB issued ASU 2018-03, "Technical Corrections and Improvements to Financial Instruments-Overall." ASU 2016-01 requires equity investments except those under the equity method of accounting to be measured at fair value with the changes in fair value recognized in net income. The amendment simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. In addition, it also requires enhanced disclosures about investments. We adopted ASU 2016-01 on May 1, 2018. The adoption of ASU 2016- 01 did not have a material impact to our condensed consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers," (Topic 606) which superseded most existing revenue recognition guidance. We adopted ASU 2014-09 on May 1, 2018. The standard allows for either "full retrospective" adoption, meaning the standard is applied to all periods presented, or "modified retrospective" adoption, meaning the standard is applied only to the most current period presented in the financial statements. Subsequently, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers (Topic 606) – Principal versus Agent Considerations", ASU 2016-10, "Revenue from Contracts with Customers (Topic 606) – Identifying Performance Obligations and Licensing", ASU 2016-12, "Revenue from Contracts with Customers (Topic 606) – Narrow Scope Improvements and Practical Expedients", and ASU 2016-20, "Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers," which provide clarification and additional guidance related to ASU 2014-09. We also adopted ASU 2016-08, ASU 2016-10, ASU 2016-12, and ASU 2016-20 with ASU 2014-09 (collectively, the "new revenue standard") on May 1, 2018. We utilized a comprehensive approach to assess the impact of the new revenue standard on our contract portfolio by reviewing our current accounting policies and practices to identify differences that would result from applying the new revenue standard to our revenue contracts. Additionally, we reviewed customer agreements representative of our business models and assessed whether changes in revenue recognition were appropriate under the new revenue standard. We adopted the new revenue standard as of May 1, 2018, using the modified retrospective method. The adoption of the new revenue standard did not have a material impact to our consolidated revenues, financial position, or results of operations. Upon adoption, we recorded an immaterial net increase to opening retained earnings resulting from the change in timing of when certain components of our revenue is recognized as required under the new revenue standard as compared to historical policies. Such changes include: (i) perpetual licenses granted in connection with other deliverables, revenue that was previously recognized over the life of the associated subscription for future content is now recognized at a point in time, which is when access to content is initially granted, (ii) customers' unexercised rights; revenue which was previously recognized at the end of a pre-determined period for situations where we have received a nonrefundable payment for a customer to receive a good or service and the customer has not exercised such right is now recognized as revenue in proportion to the pattern of rights exercised by the customer, (iii) recognition of estimated revenue from royalty agreements in the period of usage, and (iv) recognition of revenue for certain arrangements with minimum guarantees on a time-based (straight-line) basis due to a stand-ready obligation to provide additional rights to content. The adoption of the new revenue standard resulted in the discontinuance of the historical practice of presenting accounts receivable and deferred revenue balances on a net basis for some of our subscription licensing agreements where we have invoiced a customer in advance of the related revenue being recognized and payment has not yet been received. As of April 30, 2018, the amounts that were netted down from accounts receivable and deferred revenue were $59.5 million. In addition, the adoption of the new revenue standard resulted in the reclassification of the sales return reserve provision to Contract Liability (Deferred Revenue) from Accounts Receivable, Net on the Condensed Consolidated Statement of Financial Position. As of April 30, 2018, the amount was $28.3 million. The cumulative effect of the changes made to our consolidated balance sheet at May 1, 2018 as a result of adoption of the new revenue standard using the modified retrospective method were as follows: April 30, 2018 Adjustments due to Adoption May 1, 2018 Assets Accounts receivable, net $ 212,377 $ 93,349 $ 305,726 Product development assets 78,814 (3,725 ) 75,089 Technology, property and equipment, net 289,934 (361 ) 289,573 Other non-current assets 85,802 5,274 91,076 Liabilities Accrued royalties 73,007 (731 ) 72,276 Contract liability (Deferred revenue) 486,353 89,364 575,717 Deferred income tax liabilities 143,518 1,400 144,918 Retained earnings $ 1,834,057 $ 4,503 $ 1,838,560 Impact of Changes in Accounting Policy Resulting from Adoption of the New Revenue Standard The impact of the adoption of the new revenue standard was not material to our Condensed Consolidated Statement of Income for the three months ended July 31, 2018; therefore, we have omitted the disclosure that summarizes the effect of the revenue recognition standard by line item on our Condensed Consolidated Statement of Income. The impact to the Condensed Consolidated Statement of Financial Position was also not material by line item, except for the amount related to the netting down of the accounts receivable and deferred revenue as described above and a reclassification of the sales return reserve provision to contract liability from accounts receivable. As of July 31, 2018, the amount that would have been netted down from accounts receivable and deferred revenue prior to the adoption of the new revenue standard would have been $17.6 million. Due to the adoption of the new revenue standard, the sales return reserve provision amount that is included in Contract Liability (Deferred Revenue) on the Condensed Consolidated Statement of Financial Position as of July 31, 2018 was $28.2 million. Recently Issued Accounting Standards In August 2018, the FASB issued ASU 2018-15, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract." ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for us on May 1, 2020, and interim periods within that fiscal year, with early adoption permitted. We are currently assessing the impact the new guidance will have on our consolidated financial statements. In August 2018, the FASB issued ASU 2018-14, "Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans." ASU 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and added additional disclosures. The standard is effective for us on May 1, 2021, with early adoption permitted. The amendments in ASU 2018-14 would need to be applied on a retrospective basis. We are currently assessing the impact the new guidance will have on our disclosures. In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement." ASU 2018-13 removes certain disclosures, modifies certain disclosures and added additional disclosures. The standard is effective for us on May 1, 2020, with early adoption permitted. Certain disclosures in ASU 2018-13 would need to be applied on a retrospective basis and others on a prospective basis. We are currently assessing the impact the new guidance will have on our disclosures. In February 2018, the FASB issued ASU 2018-02 "Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The standard is effective for us on May 1, 2019, and interim periods within that fiscal year, with early adoption permitted. We are currently assessing the impact the new guidance will have on our consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities," to simplify and improve the application and financial reporting of hedge accounting. The guidance eases the requirements for measuring and reporting hedge ineffectiveness, and clarifies that changes in the fair value of hedging instruments for cash flow, net investment, and fair value hedges should be reflected in the same income statement line item as the earnings effect of the hedged item. The guidance also permits entities to designate specific components in cash flow and interest rate hedges as the hedged risk, instead of using total cash flows. The standard is effective for us on May 1, 2019, with early adoption permitted. We are currently assessing the impact the new guidance will have on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, "Intangibles–Goodwill and Other (Topic 350): "Simplifying the Test for Goodwill Impairment", which simplifies the measurement of a potential goodwill impairment charge by eliminating the requirement to calculate an implied fair value of the goodwill based on the fair value of a reporting unit's other assets and liabilities. The new guidance eliminates the implied fair value method and instead measures a potential impairment charge based on the excess of a reporting unit's carrying value compared to its fair value. The impairment charge cannot exceed the total amount of goodwill allocated to that reporting unit. The standard is effective for us on May 1, 2020, with early adoption permitted. Based on our most recent annual goodwill impairment test completed in fiscal year 2018, we expect no initial impact on adoption. In June 2016, the FASB issued ASU 2016-13, "Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments." ASU 2016-13 requires entities to measure all expected credit losses for most financial assets held at the reporting date based on an expected loss model which includes historical experience, current conditions, and reasonable and supportable forecasts. Entities will now use forward-looking information to better form their credit loss estimates. ASU 2016-13 also requires enhanced disclosures to help financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity's portfolio. ASU 2016-13 is effective for us on May 1, 2020, including interim periods within those fiscal periods, with early adoption permitted. We are currently assessing the impact the new guidance will have on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)". Subsequently, in July 2018 the FASB issued ASU 2018-11, "Leases (Topic 842): Targeted Improvements" and ASU 2018-10, "Codification Improvements to Topic 842, Leases". ASU 2016-02 requires an entity to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement, and presentation of expenses will depend on classification as a finance or operating lease. Similar modifications have been made to lessor accounting in-line with revenue recognition guidance. The standard is effective for us on May 1, 2019, with early adoption permitted. Adoption requires application of the new guidance to the beginning of the earliest period presented using a modified retrospective approach. ASU 2018-11 provides for an additional (and optional) transition method whereby we can recognize a cumulative-effect adjustment to the opening retained earnings in the period of adoption. In addition, ASU 2018-11 provides for a practical expedient to not separate nonlease components from the associated lease component if certain conditions are met. We are currently assessing the impact the new guidance will have on our consolidated financial statements.

Revenue Recognition, Contracts

Revenue Recognition, Contracts with Customers	3 Months Ended
Revenue Recognition, Contracts with Customers	Jul. 31, 2018
Revenue Recognition, Contracts with Customers [Abstract]
Revenue Recognition, Contracts with Customers	Revenue Recognition, Contracts with Customers Revenue from contracts with customers is recognized using a five-step model consisting of the following: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) we satisfy a performance obligation. Performance obligations are satisfied when we transfer control of a good or service to a customer, which can occur over time or at a point in time. The amount of revenue recognized is based on the consideration to which we expect to be entitled in exchange for those goods or services, including the expected value of variable consideration. The customer's ability and intent to pay the transaction price is assessed in determining whether a contract exists with the customer. If collectability of substantially all the consideration in a contract is not probable, consideration received is not recognized as revenue unless the consideration is nonrefundable and we no longer have an obligation to transfer additional goods or services to the customer or collectability becomes probable. Disaggregation of Revenue The following table presents our revenue from contracts with customers disaggregated by segment and product type for the three months ended July 31, 2018 and 2017: 2018 2017 Research Publishing Solutions Total Research Publishing Solutions Total Research: Journals Subscriptions $ 165,958 $ — $ — $ 165,958 $ 168,325 $ — $ — $ 168,325 Open Access 10,943 — — 10,943 8,803 — — 8,803 Licensing, Reprints, Backfiles and Other 39,488 — — 39,488 38,230 — — 38,230 Publishing Technology Services (Atypon) 8,603 — — 8,603 8,269 — — 8,269 Publishing: STM and Professional Publishing — 66,064 — 66,064 — 63,600 — 63,600 Education Publishing — 38,231 — 38,231 — 45,736 — 45,736 Course Workflow (WileyPLUS) — 778 — 778 — 1,210 — 1,210 Test Preparation and Certification — 11,406 — 11,406 — 11,490 — 11,490 Licensing, Distribution, Advertising and Other — 8,442 — 8,442 — 9,242 — 9,242 Solutions: Education Services (OPM) — — 29,160 29,160 — — 26,337 26,337 Professional Assessment — — 15,799 15,799 — — 14,887 14,887 Corporate Learning — — 16,029 16,029 — — 15,315 15,315 Total $ 224,992 $ 124,921 $ 60,988 $ 410,901 $ 223,627 $ 131,278 $ 56,539 $ 411,444 Description of Revenue Generating Activities We generate our revenues from sales from our three reportable segments. We report our segment information in accordance with the provisions of Financial Accounting Standards Board Accounting Standards Codification Topic 280, "Segment Reporting" ("FASB ASC Topic 280"). Our segment reporting structure consists of three reportable segments, which are listed below, and a Corporate category: ● Research; ● Publishing; and ● Solutions Research Segment Included within the Research segment are the following revenue streams: ● Journal Subscriptions ● Open Access ● Licensing, Reprints, Backfiles and Other ● Publishing Technology Services (Atypon) Journal Subscriptions We publish approximately 1,700 academic research journals. We sell journal subscriptions Wiley Online Library. Wiley Online Library Literatum In a In journal subscriptions, multiple performance obligations exist, which include a stand-ready promise to provide access to new content for one year and a perpetual license for access to historical journal content. The transaction price consists of fixed consideration. We allocate revenue to the stand-ready promise to provide access to new content for one year based on its standalone selling price and the revenue for new content is recognized over time as we have a continuous stand-ready obligation to provide the right of access to additional intellectual property. The allocation of revenue to the perpetual licenses for access to historical journal content is done using the expected cost plus a margin approach as permitted by the new revenue standard. Revenue is recognized at the point in time when access to historical content is initially granted. Open Access Under the Author-Funded Access business model, accepted research articles are published subject to payment of Article Publication Charges ("APC"). All Author-Funded Access articles are immediately free to access online. Contributors of Author-Funded Access articles retain many rights and typically license their work under terms that permit re-use. Author-Funded Access offers authors choices in how to share and disseminate their work, and it serves the needs of researchers who may be required by their research funder to make articles freely accessible without embargo. APCs are typically paid by the individual author or by the author's funder, and payments are often mediated by the author's institution. We provide specific workflows and infrastructure to authors, funders and institutions to support the requirements of the Author-Funded Access model. Customers in open access are typically individual educational institutions or a consortium of universities. Under the Author-Funded Access model, we have a signed contract with the customer that contains enforceable rights. The Author-Funded Access model in a typical model includes an over-time single performance obligation that combines a promise to host the customer's content on our open access platform, and a promise to provide a discount on APCs of eligible users (as defined in the contract) in exchange for an upfront payment. Enforceable right to payment occurs over time as we fulfill our obligation to provide a discount to eligible users, as defined, on future APCs. Therefore, the upfront payment is deferred and recognized over time. Licensing, Reprints, Backfiles and Other Licensing, Reprints, Backfiles, and Other includes advertising, backfile sales, the licensing of publishing rights, journal and article reprints, and individual article sales. A backfile license provides access to a historical collection of Wiley journals, generally for a one-time fee. Within Licensing, the revenue derived from these contracts is primarily advance payments, including minimum guarantees and sales- or usage-based royalty agreements. For our sales-or usage based royalty agreements, we recognize revenue in the period of usage based on the amounts earned. We record revenue under these arrangements for the amounts due and not yet reported to us based on estimates of the sales or usage of these customers and pursuant to the terms of the contracts. We also have certain licenses whereby we receive a non-refundable minimum guarantee against a volume-based royalty throughout the term of the agreement. We recognize revenue for the minimum guarantee on a straight-line basis over the term of the agreement because of the stand-ready promise to provide updates during the subscription period. We recognize volume-based royalty income only when cumulative consideration exceeds the minimum guarantee. Reprints contracts generally contain a single performance obligation which is the delivery of printed articles. Revenue is recognized at the time of delivery of the printed articles. For Backfiles, the performance obligation is the granting of a functional intellectual property license. Revenue is recognized at the time the functional intellectual property license is granted. Other includes our Article Select offering, whereby we have a single performance obligation to our customers to give access to an article through the purchase of a token. The customer redeems the token for access to the article for a 24-hour period. The customer purchases the tokens with an upfront cash payment. Revenue is recognized when access to the article is provided. Publishing Technology Services (Atypon) Atypon Systems, Inc. ("Atypon"), is a publishing software and service provider that enables scholarly and professional societies and publishers to deliver, host, enhance, market, and manage their content on the web through the Literatum Publishing Segment Included within the Publishing segment are the following revenue streams: ● STM (Scientific, Technical and Medical) and Professional Publishing; ● Education Publishing; ● Course Workflow (WileyPLUS); ● Test Preparation and Certification; and, ● Licensing, Distribution, Advertising and Other STM (Scientific, Technical and Medical) and Professional Publishing and Education Publishing; STM books are sold and distributed globally in digital and print formats through multiple channels, including research libraries and library consortia, independent subscription agents, direct sales to professional society members, bookstores, online booksellers, and other customers. Professional books, which include business and finance, technology, and other professional categories, as well as the For Dummies Education textbooks and related supplementary material and digital products are sold primarily to bookstores and online booksellers serving both for-profit and nonprofit educational institutions (primarily colleges and universities), and direct-to-students. We employ sales representatives who call on faculty responsible for selecting books to be used in courses, and on the bookstores that serve such institutions and their students. The textbook business is seasonal, with the majority of textbook sales occurring during the July-through-October and December-through-January periods. Book sales for STM, Professional and Education Publishing are generally made on a returnable basis with certain restrictions. Our performance obligations as it relates to STM, Professional and Education Publishing are primarily book products delivered in both print and digital form which could include a single or multiple performance obligations based on the number of International Standard Book Number ("ISBN's") purchased. This revenue stream also includes variable consideration as it relates to discounts and returns for both print and digital books. Discounts are identifiable by performance obligation and therefore are applied at the point of sale by performance obligation. The process that we use to determine our sales returns and the related reserve provision charged against revenue is based on applying an estimated return rate to current year returnable print book sales. This rate is based upon an analysis of actual historical return experience in the various markets and geographic regions in which we do business. We collect, maintain and analyze significant amounts of sales returns data for large volumes of homogeneous transactions. This allows us to make reasonable estimates of the amount of future returns. All available data is utilized to identify the returns by market and to which fiscal year the sales returns apply. This enables management to track the returns in detail and identify and react to trends occurring in the marketplace, with the objective of being able to make the most informed judgments possible in setting reserve rates. Associated with the estimated sales return reserves, we also include a related reduction in inventory and royalty costs as a result of the expected returns. As it relates to print and digital books within the STM, Professional and Education Publishing, revenue is recognized at the point when control of product transfers, which for print is upon shipment or for digital when fulfillment of the products has been rendered. Course Workflow (WileyPLUS) We offer high-quality online learning solutions, including WileyPLUS, a research-based, online environment for effective teaching and learning that is integrated with a complete digital textbook. Course Workflow customers purchase access codes to utilize the product. This could include a single or multiple performance obligations based on the number of course ISBN's purchased. Revenue is recognized from the point in time when the access codes are activated and then over the applicable semester term such product relates to. Test Preparation and Certification The Test Preparation and Certification business represents learning solutions and training activities that are delivered to customers directly through online digital delivery platforms. Products include CPAExcel, a modular, digital platform comprised of online self-study, videos, mobile apps, and sophisticated planning tools to help professionals prepare for the CPA exam, and test preparation products for the CFA®, CMA, CIA®, CMT®, FRN®, FINRA, Banking, and PMP® exams. Test Preparation and Certification contracts are generally three-year agreements. This revenue stream includes multiple performance obligations as it relates to the on-line and printed course materials, including such items as text books, e-books, video lectures, flashcards, study guides and test banks. The transaction price is fixed; however, discounts are offered and returns of certain products are allowed. We allocate revenue to each performance obligation based on its standalone selling price. Depending on the performance obligation, revenue is recognized at the time the product is delivered and control has passed to the customer or over time due to our stand-ready obligation to provide updates to the customer. Licensing, Distribution, Advertising and Other Licensing and distribution services are made available to other publishers under agency arrangements. We also engage in co-publishing titles with international publishers and receive licensing revenue from photocopies, reproductions, translations, and digital uses of our content. Wiley also realizes advertising revenue from branded Web sites (e.g., Dummies.com, etc.) and online applications. Licensing, Distribution, Advertising and Other contracts are generally multi-year agreements. Revenue derived from our licensing contracts is primarily advance payments and sales- or usage-based royalties. Revenue for advance payments is recognized at the point in time that the functional intellectual property license is granted. For sales- or usage- based royalties, we record revenue under these arrangements for the amounts due and not yet reported to us based on estimates of the sales or usage of these customers and pursuant to the terms of the contracts. Solutions Segment Included within the Solutions segment are the following revenue streams: ● Education Services (OPM); ● Professional Assessment; and, ● Corporate Learning Education Services (OPM) As student demand for online degree and certificate programs continues to increase, traditional institutions are partnering with Online Program Management (" Education Services (OPM) includes a single performance obligation for the services provided because of the integrated technology and services our institutional clients need to attract, enroll, educate and support students. Consideration is variable since it is based on the number of students enrolled in a program. We begin to recognize revenue at the start of the delivery of the class within a semester, which is also the point at which the variable consideration contingency is resolved. Professional Assessment Our Professional Assessment services include pre-hire screening and post-hire personality assessments, which are delivered to business customers through online digital delivery platforms, either directly or through an authorized distributor network of independent consultants, trainers, and coaches. Professional Assessment services contracts are generally one year. Professional Assessment includes a performance obligation to stand ready to provide assessments to our distributor's customers or to provide assessments direct to a customer. Revenue for Professional Assessments is recognized at the time the product or service is provided or delivered. Consideration is allocated to assessments based on standalone selling prices. In addition, as it relates to Professional Assessments customers' unexercised rights for situations where we have received a nonrefundable payment for a customer to receive a good or service and the customer is not expected to exercise such right, we will recognize such "breakage" amounts as revenue in proportion to the pattern of rights exercised by the customer. Corporate Learning The Corporate Learning business offers online learning and training solutions for global corporations, universities, and small and medium-sized enterprises, which are sold on a subscription or fee basis. Learning formats and modules on topics such as leadership development, value creation, client orientation, change management and corporate strategy are delivered on a cloud-based Learning Management System ("LMS") platform that hosts over 20,000 content assets (videos, digital learning modules, written files, etc.) in 17 languages. Its Mohive offering also provides a collaborative e-learning publishing and program creation system. Revenue growth is derived from legacy markets, such as France, England, and other European markets, and newer markets, such as the U.S. and Brazil. In addition, content and LMS offerings are continuously refreshed and expanded to serve a wider variety of customer needs. The transaction price consists of fixed consideration that is determined at the beginning of each year and received at the same time. Within Corporate Learning there are multiple performance obligations which includes the licenses to learning content and the learning application. Revenue is recognized over time as we have a continuous obligation to provide the right of access to the intellectual property which includes the licenses and learning applications. Accounts Receivable, net and Contract Liability (Deferred Revenue) Balances When consideration is received, or such consideration is unconditionally due, from a customer prior to transferring goods or services to the customer under the terms of a contract, a contract liability is recorded. Contract liabilities are recognized as revenue when, or as, control of the products or services are transferred to the customer and all revenue recognition criteria have been met. The following table provides information about receivables and contract liabilities from contracts with customers. July 31, 2018 April 30, 2018 (1) Increase/ (Decrease) Balances from contracts with customers: Accounts receivable, net (2) $ 272,143 $ 212,377 $ 59,766 Contract liability (Deferred revenue) (2) 392,309 486,353 (94,044 ) Contract liability (included in Other Long-Term Liabilities) $ 14,844 $ — $ 14,844 (1) (2) Revenue recognized for the three months ended July 31, 2018 relating to the contract liability at April 30, 2018 was $196.3 million. Remaining Performance Obligations As of July 31, 2018, the aggregate amount of the transaction price allocated to the remaining performance obligations is approximately $407.2 million. We expect that approximately $392.3 million will be recognized in the next twelve months with the remaining $14.9 million to be recognized thereafter. Assets Recognized for the Costs to Fulfill a Contract Costs to fulfill a contract are directly related to a contract that will be used to satisfy a performance obligation in the future, and are expected to be recovered. These types of costs are incurred in the following revenue streams, (1) Publishing Technology Services (Atypon) and (2) Education Services (OPM). Our assets associated with incremental costs to fulfill a contract were $5.7 million at July 31, 2018 and are included within Other Non-Current Assets on our Condensed Consolidated Balance Sheet. We recorded amortization expense of $0.8 million during the three months ended July 31, 2018 related to these assets within Cost of Sales on the Condensed Consolidated Statements of Income. The costs related to Education Services (OPM) were previously included in Product Development Assets on our Condensed Consolidated Statement of Financial Position. Certain costs related to Publishing Technology Services (Atypon) were previously included in Sales and value-added taxes are excluded from revenues. Shipping and handling costs, which are primarily incurred within the Publishing segment, occur before the transfer of control of the related goods. Therefore, in accordance with the new revenue standard, it is not considered a promised service to the customer and would be considered a cost to fulfill our promise to transfer the goods. Costs incurred for third party shipping and handling are reflected in Operating and Administrative Expenses on the Condensed Consolidated Statements of Income. We incurred $7.9 million and $7.8 million in shipping and handling costs in the three months ended July 31, 2018 and 2017, respectively.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Jul. 31, 2018
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation We have stock-based compensation plans under which employees may be granted performance-based stock awards and other restricted stock awards. Prior to fiscal year 2017, we also granted options to purchase shares of our common stock at the fair market value at the time of grant. We recognize the grant date fair value of stock-based compensation in net income on a straight-line basis, net of estimated forfeitures 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 July 31, 2018 and 2017, we recognized stock-based compensation expense (benefit), on a pre-tax basis, of $3.9 million and $(1.5) million, respectively. The following table summarizes restricted stock awards we granted: Three Months Ended July 31, 2018 2017 Restricted Stock: Awards granted 230 387 Weighted average fair value of grant $ 66.55 $ 51.35

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
Accumulated Other Comprehensive Loss	Jul. 31, 2018
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Changes in Accumulated Other Comprehensive Loss by component, net of tax, for the three months ended July 31, 2018 and 2017 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at April 30, 2018 $ (251,573 ) $ (191,026 ) $ 3,019 $ (439,580 ) Other comprehensive (loss) income before reclassifications (40,325 ) 7,720 70 (32,535 ) Amounts reclassified from accumulated other comprehensive loss — 1,091 (722 ) 369 Total other comprehensive (loss) income (40,325 ) 8,811 (652 ) (32,166 ) Balance at July 31, 2018 $ (291,898 ) $ (182,215 ) $ 2,367 $ (471,746 ) Balance at April 30, 2017 $ (319,212 ) $ (190,502 ) $ 2,427 $ (507,287 ) Other comprehensive income (loss) before reclassifications 27,405 (3,017 ) (432 ) 23,956 Amounts reclassified from accumulated other comprehensive loss — 1,070 71 1,141 Total other comprehensive income (loss) 27,405 (1,947 ) (361 ) 25,097 Balance at July 31, 2017 $ (291,807 ) $ (192,449 ) $ 2,066 $ (482,190 ) During the three months ended July 31, 2018 and 2017, pre-tax actuarial losses included in Unamortized Retirement Costs of approximately $1.4 million in each period were amortized from Accumulated Other Comprehensive Loss and recognized as pension expense in Operating and Administrative Expenses and Interest and Other Income in the Condensed Consolidated Statements of Income.

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Shares Outstanding and Share Repurchases	3 Months Ended
	Jul. 31, 2018
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases	Note 6 Reconciliation of Weighted Average Shares Outstanding and Share Repurchases A reconciliation of the shares used in the computation of earnings per share follows: Three Months Ended July 31, 2018 2017 Weighted average shares outstanding 57,510 57,188 Less: Unvested restricted shares (80 ) (172 ) Shares used for basic earnings per share 57,430 57,016 Dilutive effect of stock options and other stock awards 684 693 Shares used for diluted earnings per share 58,114 57,709 Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 292,852 shares of Class A Common Stock have been excluded for the three months ended July 31, 2017. There were no options excluded for the three months ended July 31, 2018. There were no restricted shares excluded for the three months ended July 31, 2018 and July 31, 2017. During the three months ended July 31, 2018 and 2017, we repurchased 125,932 and 265,158 shares of Class A common stock at an average price of $63.48 and $52.86, respectively. On June 21, 2018, our Board of Directors declared a quarterly cash dividend of $0.33 per common share, or $19.0 million, on our Class A and Class B common stock. The dividend was paid on July 18, 2018 to shareholders of record on July 3, 2018.

Restructuring and Related Charg

Restructuring and Related Charges	3 Months Ended
Restructuring and Related Charges	Jul. 31, 2018
Restructuring and Related Charges [Abstract]
Restructuring and Related Charges	Restructuring and Related Charges Beginning in fiscal year 2013, we initiated a program (the "Restructuring and Reinvestment Program") to restructure and realign our cost base with current and anticipated future market conditions. We are targeting most of the cost savings achieved to improve margins and earnings, with the remainder reinvested in growth opportunities. The following tables summarize the pre-tax restructuring (credits) charges related to this program: Three Months Ended July 31, Total Charges 2018 2017 Incurred to Date (Credits) Charges by Segment: Research $ (980 ) $ 4,836 $ 24,433 Publishing (668 ) 7,254 38,263 Solutions (257 ) 2,795 5,990 Corporate Expenses (4,181 ) 10,844 91,738 Total Restructuring and Related (Credits) Charges $ (6,086 ) $ 25,729 $ 160,424 (Credits) Charges by Activity: Severance $ (5,778 ) $ 24,721 $ 109,025 Process Reengineering Consulting 135 1,521 20,764 Other Activities (443 ) (513 ) 30,635 Total Restructuring and Related (Credits) Charges $ (6,086 ) $ 25,729 $ 160,424 The credits in Severance activities for the first quarter of 2019 primarily reflect changes in the number of headcount reductions and estimates for previously accrued benefit costs. Other Activities in the first quarter of fiscal year 2019 and 2018 include leased facility consolidations and contract termination costs, the first quarter of fiscal year 2018 also includes charges related to the curtailment of certain defined benefit pension plans. The following table summarizes the activity for the Restructuring and Reinvestment Program liability for the three months ended July 31, 2018: April 30, 2018 (Credits) Charges Payments Foreign Translation & Reclassifications July 31, 2018 Severance $ 17,279 $ (5,778 ) $ (4,928 ) $ (278 ) $ 6,295 Process Reengineering Consulting — 135 (41 ) — 94 Other Activities 2,772 (443 ) (549 ) 532 2,312 Total $ 20,051 $ (6,086 ) $ (5,518 ) $ 254 $ 8,701 The restructuring liability as of July 31, 2018 for accrued severance costs is reflected in Accrued Employment Costs in the Condensed Consolidated Statement of Financial Position. The liability as of July 31, 2018, for Process Reengineering Consulting costs is reflected in Other Accrued Liabilities. As of July 31, 2018, approximately $1.0 million and $1.3 million of the Other Activities are reflected in Other Accrued Liabilities and Other Long-Term Liabilities, respectively. The amount included in Other Long-Term Liabilities that relates to Other Activities is expected to be paid starting in 2020 until 2022.

Segment Information

Segment Information	3 Months Ended
Segment Information	Jul. 31, 2018
Segment Information [Abstract]
Segment Information	Segment Information We report our segment information in accordance with the provisions of FASB Accounting Standards Codification ("ASC") Topic 280, "Segment Reporting." Segment information is as follows: Three Months Ended July 31, 2018 2017 (1) Revenue: Research $ 224,992 $ 223,627 Publishing 124,921 131,278 Solutions 60,988 56,539 Total Revenue $ 410,901 $ 411,444 Contribution to Profit: Research $ 57,126 $ 60,462 Publishing 13,720 4,470 Solutions 3,224 (1,968 ) Total Contribution to Profit (1) $ 74,070 $ 62,964 Corporate Expenses (1) (37,930 ) (50,394 ) Operating Income (1) $ 36,140 $ 12,570 (1) Due to the retrospective adoption of ASU 2017-07, total net benefits of $1.9 million related to the non-service components of defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest Income and Other. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information. The impact of the reclassification on Contribution to Profit by segment for the three months ended July 31, 2017 was $1.0 million in Research, $0.5 million in Publishing, and $0.4 million in Corporate expenses.

Inventories

Inventories	3 Months Ended
Inventories	Jul. 31, 2018
Inventories [Abstract]
Inventories	Note 9 Inventories Inventories were as follows: July 31, 2018 April 30, 2018 Finished goods $ 33,388 $ 36,503 Work-in-process 2,414 2,139 Paper and other materials 696 550 $ 36,498 $ 39,192 Inventory value of estimated sales returns 4,478 4,626 LIFO reserve (4,404 ) (4,329 ) Total inventories $ 36,572 $ 39,489

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Jul. 31, 2018
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The following table summarizes the activity in goodwill by segment as of July 31, 2018: April 30, 2018 Foreign Translation Adjustment July 31, 2018 Research $ 463,419 $ (17,787 ) $ 445,632 Publishing 295,401 (4,925 ) 290,476 Solutions 260,981 — 260,981 Total $ 1,019,801 $ (22,712 ) $ 997,089 Intangible Assets Identifiable intangible assets, net consisted of the following: July 31, 2018 April 30, 2018 Intangible Assets with Determinable Lives, net: Content and Publishing Rights $ 415,482 $ 436,760 Customer Relationships 157,196 161,729 Brands and Trademarks 14,679 16,100 Covenants not to Compete 602 655 Total 587,959 615,244 Intangible Assets with Indefinite Lives: Brands and Trademarks 132,832 138,589 Content and Publishing Rights 90,367 94,238 Total 223,199 232,827 Total Intangible Assets, Net $ 811,158 $ 848,071 In conjunction with a business review performed in the Publishing segment associated with the restructuring activities discussed above, in the first quarter of fiscal year 2018, we identified an indefinite lived brand with forecasted cash flows that did not support its carrying value. As a result, an impairment charge of $3.6 million was recorded in the first quarter of fiscal year 2018 to reduce the carrying value of the brand to its fair value of $1.2 million, which is being amortized over an estimated useful life of 5 years. This impairment charge was included in Operating and Administrative Expenses in the Condensed Consolidated Statements of Income for fiscal year 2018.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Jul. 31, 2018
Income Taxes [Abstract]
Income Taxes	Note 11 Income Taxes The following table summarizes the effective tax rate for the three months ended July 31, 2018 and 2017: Three Months Ended July 31, 2018 2017 Effective tax rate as reported 22.8 % (51.5 )% Impact of restructuring and impairment charges (0.1 )% 69.6 % Effective tax rate excluding the impact of restructuring and impairment charges 22.7 % 18.1 % The effective tax rate in the first quarter of fiscal year 2019 was 22.8%, compared to a benefit of 51.5% in the first quarter of fiscal year 2018. Fiscal year 2018 benefitted from significant restructuring and impairment charges in relatively high tax rate jurisdictions. Excluding these items, the effective tax rate for the first quarter of fiscal year 2018 was 18.1%. The increase in rate in fiscal year 2019 excluding the impact of restructuring and impairment charges compared to fiscal year 2018 was primarily due to large equity compensation deductions from significant vesting of restricted stock and other adjustments in the first quarter of fiscal year 2018 that were not significant for the first quarter of fiscal year 2019. This was partially offset by net benefits from the Tax Act and a more favorable earnings mix in fiscal 2019 compared to the first quarter of fiscal year 2018. The Tax Act On December 22, 2017, the U.S. government enacted comprehensive Federal tax legislation originally known as the Tax Cuts and Jobs Act of 2017 (the "Tax Act"). The Tax Act significantly revised the future ongoing U.S. corporate income tax system by, among other changes, the following:  lowering the U.S. federal corporate income tax rate to 21% with a potentially lower rate for certain foreign derived income;  accelerating deductions for certain business assets;  changing the U.S. system from a worldwide tax system;  requiring companies to pay a one-time transition tax on post-1986 unrepatriated cumulative non-U.S. earnings and profits ("E&P") of foreign subsidiaries;  eliminating certain deductions such as the domestic production deduction;  establishing limitations on the deductibility of certain expenses including interest and executive compensation; and  creating new taxes on certain foreign earnings. In December 2017, the SEC staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act ("SAB 118"), which allows us to record provisional amounts related to the Tax Act during a measurement period not to extend beyond one year of the enactment date. In fiscal year 2018, we estimated a provisional estimated net tax benefit of $25.1 million related to the Tax Act. We are still analyzing certain aspects of the Tax Act and refining our calculations, including our estimates of expected reversals, which could affect the measurement of these balances and give rise to new deferred tax amounts. As the Tax Act was passed late in December 2017 and ongoing guidance and accounting interpretation are expected over the 12 months following enactment, we consider the accounting for the transition tax and other items included last year, as well as items described below which were included in the three months ended July 31, 2018, to be provisional due to the forthcoming guidance and our ongoing analysis of final data and tax positions. We expect to complete our analysis within the measurement period in accordance with SAB 118. The Tax Act created new taxes, effective for us on May 1, 2018, including a provision designed to tax certain global income ("GILTI"), a base erosion anti-abuse tax ("BEAT") as well as a new deduction for certain foreign derived intangible income ("FDII"). We recorded a minor provisional expense during the three months ended July 31, 2018. We expect to adjust this provisional amount as additional guidance is provided.

Retirement Plans

Retirement Plans	3 Months Ended
Retirement Plans	Jul. 31, 2018
Retirement Plans [Abstract]
Retirement Plans	Note 12 Retirement Plans The components of net pension expense (income) for our global defined benefit plans were as follows: Three Months Ended July 31, 2018 2017 Service cost $ 233 $ 230 Interest cost 6,212 6,252 Expected return on plan assets (9,902 ) (9,657 ) Net amortization of prior service cost (24 ) (25 ) Unrecognized net actuarial loss 1,434 1,501 Net pension income $ (2,047 ) $ (1,699 ) We adopted ASU 2017-07, "Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost," on May 1, 2018. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information. The guidance requires that the service cost component of net pension and postretirement benefit costs be reported in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period. Such amounts are reflected in Operating and Administrative Expenses on our Condensed Consolidated Statement of Operations. The guidance requires that the other components of net benefit costs be reported separately from the service cost component and below operating income. Such amounts are reflected in Interest Income and Other on our Condensed Consolidated Statement of Operations. We were required to retrospectively adopt this guidance. Employer defined benefit pension plan contributions were $3.6 million and $2.8 million for the three months ended July 31, 2018 and 2017, respectively. The expense for employer defined contribution plans were approximately $4.5 million and $4.9 million for the three months ended July 31, 2018 and 2017, respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
Derivative Instruments and Hedging Activities	Jul. 31, 2018
Derivative Instruments and Hedging Activities [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities From time-to-time, we enter 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 on our Condensed Consolidated Balance Sheets. Derivatives that are not determined to be effective hedges are adjusted to fair value with a corresponding adjustment to earnings. We do not use financial instruments for trading or speculative purposes. Interest Rate Contracts We had $507.5 million of variable rate loans outstanding at July 31, 2018, which approximated fair value. We had $360.0 million of variable rate loans outstanding at April 30, 2018, which approximated fair value. As of July 31, 2018 and 2017 the interest rate swap agreements maintained by us were designated as cash flow hedges as defined under ASC 815 "Derivatives and Hedging". As a result, there was no impact on our 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. On April 4, 2016, we entered into a forward starting interest rate swap agreement which fixed a portion of the variable interest due on a variable rate debt renewal on May 16, 2016. Under the terms of the agreement, we pay a fixed rate of 0.92% and receive a variable rate of interest based on one-month LIBOR from the counterparty which is reset every month for a three-year period ending May 15, 2019. As of July 31, 2018 and April 30, 2018, the notional amount of the interest rate swap was $350 million. We record the fair value of our 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 July 31, 2018 and April 30, 2018 was a deferred gain of $4.3 million and $5.1 million, respectively. Based on the maturity dates of the contracts, the entire deferred gain as of July 31, 2018 was recorded within Prepaid Expenses and Other Current Assets and as of April 30, 2018 was recorded within Other Non-Current Assets. The pre-tax gains (losses) that were reclassified from Accumulated Other Comprehensive Loss into Interest Expense for the three months ended July 31, 2018 and 2017 were $1.0 million and $0.1 million, respectively. Foreign Currency Contracts We may enter into forward exchange contracts to manage our exposure on certain foreign currency denominated assets and liabilities. The forward exchange contracts are marked to market through Foreign Exchange Transaction (Losses) 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 (Losses) Gains. As of July 31, 2018, and April 30, 2018, we did not maintain any open forward exchange contracts.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Jul. 31, 2018
Commitment and Contingencies [Abstract]
Commitment and Contingencies	Commitments and Contingencies We are involved in routine litigation in the ordinary course of our business. A provision for litigation is accrued when information available to us indicates that it is probable a liability has been incurred and the amount of loss can be reasonably estimated. Significant judgment may be required to determine both the probability and estimates of loss. When the amount of the loss can only be estimated within a range, the most likely outcome within that range is accrued. If no amount within the range is a better estimate than any other amount, the minimum amount within the range is accrued. When uncertainties exist related to the probable outcome of litigation and/or the amount or range of loss, we do not record a liability, but disclose facts related to the nature of the contingency and possible losses if management considers the information to be material. Reserves for legal defense costs are recognized when incurred. The accruals for loss contingencies and legal costs are reviewed regularly and may be adjusted to reflect updated information on the status of litigation and advice of legal counsel. In the opinion of management, the ultimate resolution of all pending litigation as of July 31, 2018, will not have a material effect upon our Condensed Consolidated Financial Condition or Results of Operations.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Jul. 31, 2018
Basis of Presentation [Abstract]
Basis of Presentation	Throughout this report, when we refer to "Wiley," the "Company," "we," "our," or "us," we are referring to John Wiley & Sons, Inc. and all our subsidiaries, except where the context indicates otherwise. Our unaudited Condensed Consolidated Financial Statements include all the accounts of the Company and our subsidiaries. We have eliminated all significant intercompany transactions and balances in consolidation. 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 Condensed Consolidated Financial Condition, Results of Operations, Comprehensive Income 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. All amounts are in thousands, except per share amounts, and approximate due to rounding. These financial statements should be read in conjunction with the most recent audited financial statements included in our Form 10-K for the fiscal year ended April 30, 2018 as filed with the U.S. Securities and Exchange Commission ("SEC") on June 29, 2018 ("2018 Form 10-K"). Our Condensed Consolidated Financial Statements were prepared in accordance with the interim reporting requirements of the SEC. As permitted under those rules, annual footnotes or other financial information that are normally required by Generally Accepted Accounting Principles in the United States of America ("U.S. GAAP") have been condensed or omitted. The preparation of our Condensed Consolidated Financial Statements in conformity with U.S. GAAP 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 condensed consolidated 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 (Po

Recent Accounting Standards (Policies)	3 Months Ended
Recent Accounting Standards (Policies)	Jul. 31, 2018
Recent Accounting Standards [Abstract]
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In May 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017-09, "Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting," which clarifies when changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. Under the new guidance, modification accounting is only required if the fair value, vesting conditions or classification (equity or liability) of the new award are different from the original award immediately before the original award is modified. We adopted ASU 2017-09 on May 1, 2018. The new guidance must be applied prospectively to awards modified on or after the adoption date. The future impact of ASU 2017-09 will be dependent on the nature of future stock award modifications. In March 2017, the FASB issued ASU 2017-07, "Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." The guidance requires that the service cost component of net pension and postretirement benefit costs be reported in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period, while the other components of net benefit costs must be reported separately from the service cost component and below operating income. The guidance also allows only the service cost component to be eligible for capitalization when applicable. We adopted ASU 2017-07 on May 1, 2018. The new guidance must be applied retrospectively for the presentation of net benefit costs in the income statement and prospectively for the capitalization of the service cost component of net benefit costs. The effect of retrospectively adopting this guidance resulted in a reclassification of net benefits of $1.9 million from Operating and Administrative Expenses to Interest and Other Income on the Condensed Consolidated Statement of Operations for the three months ended July 31, 2017. The amount included in Interest and Other Income on the Condensed Consolidated Statement of Operations for the three months ended July 31, 2018 was a net benefit of $2.4 million. We do not capitalize any service costs. In January 2017, the FASB issued ASU 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business", which clarifies the definition of a business in order to allow for the evaluation of whether transactions should be accounted for as acquisitions or disposals of assets or business. We adopted ASU 2017-01 on May 1, 2018. The future impact of ASU 2017-01 will be dependent upon the nature of future acquisitions or dispositions made by us. In October 2016, the FASB issued ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other than Inventory", which simplifies the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. Current U.S. GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. The new guidance states that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Consequently, the amendments in this Standard eliminate the exception for an intra-entity transfer of an asset other than inventory. We adopted ASU 2016-16 on May 1, 2018. The adoption of ASU 2016-16 did not have a material impact to our condensed consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments," which provides clarification on classifying a variety of activities within the Statement of Cash Flows. We adopted ASU 2016-15 on May 1, 2018. The adoption of ASU 2016-15 did not have a material impact to our condensed consolidated statements of cash flows. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." Subsequently, the FASB issued ASU 2018-03, "Technical Corrections and Improvements to Financial Instruments-Overall." ASU 2016-01 requires equity investments except those under the equity method of accounting to be measured at fair value with the changes in fair value recognized in net income. The amendment simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. In addition, it also requires enhanced disclosures about investments. We adopted ASU 2016-01 on May 1, 2018. The adoption of ASU 2016- 01 did not have a material impact to our condensed consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers," (Topic 606) which superseded most existing revenue recognition guidance. We adopted ASU 2014-09 on May 1, 2018. The standard allows for either "full retrospective" adoption, meaning the standard is applied to all periods presented, or "modified retrospective" adoption, meaning the standard is applied only to the most current period presented in the financial statements. Subsequently, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers (Topic 606) – Principal versus Agent Considerations", ASU 2016-10, "Revenue from Contracts with Customers (Topic 606) – Identifying Performance Obligations and Licensing", ASU 2016-12, "Revenue from Contracts with Customers (Topic 606) – Narrow Scope Improvements and Practical Expedients", and ASU 2016-20, "Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers," which provide clarification and additional guidance related to ASU 2014-09. We also adopted ASU 2016-08, ASU 2016-10, ASU 2016-12, and ASU 2016-20 with ASU 2014-09 (collectively, the "new revenue standard") on May 1, 2018. We utilized a comprehensive approach to assess the impact of the new revenue standard on our contract portfolio by reviewing our current accounting policies and practices to identify differences that would result from applying the new revenue standard to our revenue contracts. Additionally, we reviewed customer agreements representative of our business models and assessed whether changes in revenue recognition were appropriate under the new revenue standard. We adopted the new revenue standard as of May 1, 2018, using the modified retrospective method. The adoption of the new revenue standard did not have a material impact to our consolidated revenues, financial position, or results of operations. Upon adoption, we recorded an immaterial net increase to opening retained earnings resulting from the change in timing of when certain components of our revenue is recognized as required under the new revenue standard as compared to historical policies. Such changes include: (i) perpetual licenses granted in connection with other deliverables, revenue that was previously recognized over the life of the associated subscription for future content is now recognized at a point in time, which is when access to content is initially granted, (ii) customers' unexercised rights; revenue which was previously recognized at the end of a pre-determined period for situations where we have received a nonrefundable payment for a customer to receive a good or service and the customer has not exercised such right is now recognized as revenue in proportion to the pattern of rights exercised by the customer, (iii) recognition of estimated revenue from royalty agreements in the period of usage, and (iv) recognition of revenue for certain arrangements with minimum guarantees on a time-based (straight-line) basis due to a stand-ready obligation to provide additional rights to content. The adoption of the new revenue standard resulted in the discontinuance of the historical practice of presenting accounts receivable and deferred revenue balances on a net basis for some of our subscription licensing agreements where we have invoiced a customer in advance of the related revenue being recognized and payment has not yet been received. As of April 30, 2018, the amounts that were netted down from accounts receivable and deferred revenue were $59.5 million. In addition, the adoption of the new revenue standard resulted in the reclassification of the sales return reserve provision to Contract Liability (Deferred Revenue) from Accounts Receivable, Net on the Condensed Consolidated Statement of Financial Position. As of April 30, 2018, the amount was $28.3 million. The cumulative effect of the changes made to our consolidated balance sheet at May 1, 2018 as a result of adoption of the new revenue standard using the modified retrospective method were as follows: April 30, 2018 Adjustments due to Adoption May 1, 2018 Assets Accounts receivable, net $ 212,377 $ 93,349 $ 305,726 Product development assets 78,814 (3,725 ) 75,089 Technology, property and equipment, net 289,934 (361 ) 289,573 Other non-current assets 85,802 5,274 91,076 Liabilities Accrued royalties 73,007 (731 ) 72,276 Contract liability (Deferred revenue) 486,353 89,364 575,717 Deferred income tax liabilities 143,518 1,400 144,918 Retained earnings $ 1,834,057 $ 4,503 $ 1,838,560 Impact of Changes in Accounting Policy Resulting from Adoption of the New Revenue Standard The impact of the adoption of the new revenue standard was not material to our Condensed Consolidated Statement of Income for the three months ended July 31, 2018; therefore, we have omitted the disclosure that summarizes the effect of the revenue recognition standard by line item on our Condensed Consolidated Statement of Income. The impact to the Condensed Consolidated Statement of Financial Position was also not material by line item, except for the amount related to the netting down of the accounts receivable and deferred revenue as described above and a reclassification of the sales return reserve provision to contract liability from accounts receivable. As of July 31, 2018, the amount that would have been netted down from accounts receivable and deferred revenue prior to the adoption of the new revenue standard would have been $17.6 million. Due to the adoption of the new revenue standard, the sales return reserve provision amount that is included in Contract Liability (Deferred Revenue) on the Condensed Consolidated Statement of Financial Position as of July 31, 2018 was $28.2 million.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In August 2018, the FASB issued ASU 2018-15, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract." ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for us on May 1, 2020, and interim periods within that fiscal year, with early adoption permitted. We are currently assessing the impact the new guidance will have on our consolidated financial statements. In August 2018, the FASB issued ASU 2018-14, "Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans." ASU 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and added additional disclosures. The standard is effective for us on May 1, 2021, with early adoption permitted. The amendments in ASU 2018-14 would need to be applied on a retrospective basis. We are currently assessing the impact the new guidance will have on our disclosures. In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement." ASU 2018-13 removes certain disclosures, modifies certain disclosures and added additional disclosures. The standard is effective for us on May 1, 2020, with early adoption permitted. Certain disclosures in ASU 2018-13 would need to be applied on a retrospective basis and others on a prospective basis. We are currently assessing the impact the new guidance will have on our disclosures. In February 2018, the FASB issued ASU 2018-02 "Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The standard is effective for us on May 1, 2019, and interim periods within that fiscal year, with early adoption permitted. We are currently assessing the impact the new guidance will have on our consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities," to simplify and improve the application and financial reporting of hedge accounting. The guidance eases the requirements for measuring and reporting hedge ineffectiveness, and clarifies that changes in the fair value of hedging instruments for cash flow, net investment, and fair value hedges should be reflected in the same income statement line item as the earnings effect of the hedged item. The guidance also permits entities to designate specific components in cash flow and interest rate hedges as the hedged risk, instead of using total cash flows. The standard is effective for us on May 1, 2019, with early adoption permitted. We are currently assessing the impact the new guidance will have on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, "Intangibles–Goodwill and Other (Topic 350): "Simplifying the Test for Goodwill Impairment", which simplifies the measurement of a potential goodwill impairment charge by eliminating the requirement to calculate an implied fair value of the goodwill based on the fair value of a reporting unit's other assets and liabilities. The new guidance eliminates the implied fair value method and instead measures a potential impairment charge based on the excess of a reporting unit's carrying value compared to its fair value. The impairment charge cannot exceed the total amount of goodwill allocated to that reporting unit. The standard is effective for us on May 1, 2020, with early adoption permitted. Based on our most recent annual goodwill impairment test completed in fiscal year 2018, we expect no initial impact on adoption. In June 2016, the FASB issued ASU 2016-13, "Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments." ASU 2016-13 requires entities to measure all expected credit losses for most financial assets held at the reporting date based on an expected loss model which includes historical experience, current conditions, and reasonable and supportable forecasts. Entities will now use forward-looking information to better form their credit loss estimates. ASU 2016-13 also requires enhanced disclosures to help financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity's portfolio. ASU 2016-13 is effective for us on May 1, 2020, including interim periods within those fiscal periods, with early adoption permitted. We are currently assessing the impact the new guidance will have on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)". Subsequently, in July 2018 the FASB issued ASU 2018-11, "Leases (Topic 842): Targeted Improvements" and ASU 2018-10, "Codification Improvements to Topic 842, Leases". ASU 2016-02 requires an entity to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement, and presentation of expenses will depend on classification as a finance or operating lease. Similar modifications have been made to lessor accounting in-line with revenue recognition guidance. The standard is effective for us on May 1, 2019, with early adoption permitted. Adoption requires application of the new guidance to the beginning of the earliest period presented using a modified retrospective approach. ASU 2018-11 provides for an additional (and optional) transition method whereby we can recognize a cumulative-effect adjustment to the opening retained earnings in the period of adoption. In addition, ASU 2018-11 provides for a practical expedient to not separate nonlease components from the associated lease component if certain conditions are met. We are currently assessing the impact the new guidance will have on our consolidated financial statements.

Revenue Recognition, Contract25

Revenue Recognition, Contracts with Customers (Policies)	3 Months Ended
Revenue Recognition, Contracts with Customers (Policies)	Jul. 31, 2018
Revenue Recognition, Contracts with Customers [Abstract]
Revenue from Contract with Customer Policy	Description of Revenue Generating Activities We generate our revenues from sales from our three reportable segments. We report our segment information in accordance with the provisions of Financial Accounting Standards Board Accounting Standards Codification Topic 280, "Segment Reporting" ("FASB ASC Topic 280"). Our segment reporting structure consists of three reportable segments, which are listed below, and a Corporate category: ● Research; ● Publishing; and ● Solutions Research Segment Included within the Research segment are the following revenue streams: ● Journal Subscriptions ● Open Access ● Licensing, Reprints, Backfiles and Other ● Publishing Technology Services (Atypon) Journal Subscriptions We publish approximately 1,700 academic research journals. We sell journal subscriptions Wiley Online Library. Wiley Online Library Literatum In a In journal subscriptions, multiple performance obligations exist, which include a stand-ready promise to provide access to new content for one year and a perpetual license for access to historical journal content. The transaction price consists of fixed consideration. We allocate revenue to the stand-ready promise to provide access to new content for one year based on its standalone selling price and the revenue for new content is recognized over time as we have a continuous stand-ready obligation to provide the right of access to additional intellectual property. The allocation of revenue to the perpetual licenses for access to historical journal content is done using the expected cost plus a margin approach as permitted by the new revenue standard. Revenue is recognized at the point in time when access to historical content is initially granted. Open Access Under the Author-Funded Access business model, accepted research articles are published subject to payment of Article Publication Charges ("APC"). All Author-Funded Access articles are immediately free to access online. Contributors of Author-Funded Access articles retain many rights and typically license their work under terms that permit re-use. Author-Funded Access offers authors choices in how to share and disseminate their work, and it serves the needs of researchers who may be required by their research funder to make articles freely accessible without embargo. APCs are typically paid by the individual author or by the author's funder, and payments are often mediated by the author's institution. We provide specific workflows and infrastructure to authors, funders and institutions to support the requirements of the Author-Funded Access model. Customers in open access are typically individual educational institutions or a consortium of universities. Under the Author-Funded Access model, we have a signed contract with the customer that contains enforceable rights. The Author-Funded Access model in a typical model includes an over-time single performance obligation that combines a promise to host the customer's content on our open access platform, and a promise to provide a discount on APCs of eligible users (as defined in the contract) in exchange for an upfront payment. Enforceable right to payment occurs over time as we fulfill our obligation to provide a discount to eligible users, as defined, on future APCs. Therefore, the upfront payment is deferred and recognized over time. Licensing, Reprints, Backfiles and Other Licensing, Reprints, Backfiles, and Other includes advertising, backfile sales, the licensing of publishing rights, journal and article reprints, and individual article sales. A backfile license provides access to a historical collection of Wiley journals, generally for a one-time fee. Within Licensing, the revenue derived from these contracts is primarily advance payments, including minimum guarantees and sales- or usage-based royalty agreements. For our sales-or usage based royalty agreements, we recognize revenue in the period of usage based on the amounts earned. We record revenue under these arrangements for the amounts due and not yet reported to us based on estimates of the sales or usage of these customers and pursuant to the terms of the contracts. We also have certain licenses whereby we receive a non-refundable minimum guarantee against a volume-based royalty throughout the term of the agreement. We recognize revenue for the minimum guarantee on a straight-line basis over the term of the agreement because of the stand-ready promise to provide updates during the subscription period. We recognize volume-based royalty income only when cumulative consideration exceeds the minimum guarantee. Reprints contracts generally contain a single performance obligation which is the delivery of printed articles. Revenue is recognized at the time of delivery of the printed articles. For Backfiles, the performance obligation is the granting of a functional intellectual property license. Revenue is recognized at the time the functional intellectual property license is granted. Other includes our Article Select offering, whereby we have a single performance obligation to our customers to give access to an article through the purchase of a token. The customer redeems the token for access to the article for a 24-hour period. The customer purchases the tokens with an upfront cash payment. Revenue is recognized when access to the article is provided. Publishing Technology Services (Atypon) Atypon Systems, Inc. ("Atypon"), is a publishing software and service provider that enables scholarly and professional societies and publishers to deliver, host, enhance, market, and manage their content on the web through the Literatum Publishing Segment Included within the Publishing segment are the following revenue streams: ● STM (Scientific, Technical and Medical) and Professional Publishing; ● Education Publishing; ● Course Workflow (WileyPLUS); ● Test Preparation and Certification; and, ● Licensing, Distribution, Advertising and Other STM (Scientific, Technical and Medical) and Professional Publishing and Education Publishing; STM books are sold and distributed globally in digital and print formats through multiple channels, including research libraries and library consortia, independent subscription agents, direct sales to professional society members, bookstores, online booksellers, and other customers. Professional books, which include business and finance, technology, and other professional categories, as well as the For Dummies Education textbooks and related supplementary material and digital products are sold primarily to bookstores and online booksellers serving both for-profit and nonprofit educational institutions (primarily colleges and universities), and direct-to-students. We employ sales representatives who call on faculty responsible for selecting books to be used in courses, and on the bookstores that serve such institutions and their students. The textbook business is seasonal, with the majority of textbook sales occurring during the July-through-October and December-through-January periods. Book sales for STM, Professional and Education Publishing are generally made on a returnable basis with certain restrictions. Our performance obligations as it relates to STM, Professional and Education Publishing are primarily book products delivered in both print and digital form which could include a single or multiple performance obligations based on the number of International Standard Book Number ("ISBN's") purchased. This revenue stream also includes variable consideration as it relates to discounts and returns for both print and digital books. Discounts are identifiable by performance obligation and therefore are applied at the point of sale by performance obligation. The process that we use to determine our sales returns and the related reserve provision charged against revenue is based on applying an estimated return rate to current year returnable print book sales. This rate is based upon an analysis of actual historical return experience in the various markets and geographic regions in which we do business. We collect, maintain and analyze significant amounts of sales returns data for large volumes of homogeneous transactions. This allows us to make reasonable estimates of the amount of future returns. All available data is utilized to identify the returns by market and to which fiscal year the sales returns apply. This enables management to track the returns in detail and identify and react to trends occurring in the marketplace, with the objective of being able to make the most informed judgments possible in setting reserve rates. Associated with the estimated sales return reserves, we also include a related reduction in inventory and royalty costs as a result of the expected returns. As it relates to print and digital books within the STM, Professional and Education Publishing, revenue is recognized at the point when control of product transfers, which for print is upon shipment or for digital when fulfillment of the products has been rendered. Course Workflow (WileyPLUS) We offer high-quality online learning solutions, including WileyPLUS, a research-based, online environment for effective teaching and learning that is integrated with a complete digital textbook. Course Workflow customers purchase access codes to utilize the product. This could include a single or multiple performance obligations based on the number of course ISBN's purchased. Revenue is recognized from the point in time when the access codes are activated and then over the applicable semester term such product relates to. Test Preparation and Certification The Test Preparation and Certification business represents learning solutions and training activities that are delivered to customers directly through online digital delivery platforms. Products include CPAExcel, a modular, digital platform comprised of online self-study, videos, mobile apps, and sophisticated planning tools to help professionals prepare for the CPA exam, and test preparation products for the CFA®, CMA, CIA®, CMT®, FRN®, FINRA, Banking, and PMP® exams. Test Preparation and Certification contracts are generally three-year agreements. This revenue stream includes multiple performance obligations as it relates to the on-line and printed course materials, including such items as text books, e-books, video lectures, flashcards, study guides and test banks. The transaction price is fixed; however, discounts are offered and returns of certain products are allowed. We allocate revenue to each performance obligation based on its standalone selling price. Depending on the performance obligation, revenue is recognized at the time the product is delivered and control has passed to the customer or over time due to our stand-ready obligation to provide updates to the customer. Licensing, Distribution, Advertising and Other Licensing and distribution services are made available to other publishers under agency arrangements. We also engage in co-publishing titles with international publishers and receive licensing revenue from photocopies, reproductions, translations, and digital uses of our content. Wiley also realizes advertising revenue from branded Web sites (e.g., Dummies.com, etc.) and online applications. Licensing, Distribution, Advertising and Other contracts are generally multi-year agreements. Revenue derived from our licensing contracts is primarily advance payments and sales- or usage-based royalties. Revenue for advance payments is recognized at the point in time that the functional intellectual property license is granted. For sales- or usage- based royalties, we record revenue under these arrangements for the amounts due and not yet reported to us based on estimates of the sales or usage of these customers and pursuant to the terms of the contracts. Solutions Segment Included within the Solutions segment are the following revenue streams: ● Education Services (OPM); ● Professional Assessment; and, ● Corporate Learning Education Services (OPM) As student demand for online degree and certificate programs continues to increase, traditional institutions are partnering with Online Program Management (" Education Services (OPM) includes a single performance obligation for the services provided because of the integrated technology and services our institutional clients need to attract, enroll, educate and support students. Consideration is variable since it is based on the number of students enrolled in a program. We begin to recognize revenue at the start of the delivery of the class within a semester, which is also the point at which the variable consideration contingency is resolved. Professional Assessment Our Professional Assessment services include pre-hire screening and post-hire personality assessments, which are delivered to business customers through online digital delivery platforms, either directly or through an authorized distributor network of independent consultants, trainers, and coaches. Professional Assessment services contracts are generally one year. Professional Assessment includes a performance obligation to stand ready to provide assessments to our distributor's customers or to provide assessments direct to a customer. Revenue for Professional Assessments is recognized at the time the product or service is provided or delivered. Consideration is allocated to assessments based on standalone selling prices. In addition, as it relates to Professional Assessments customers' unexercised rights for situations where we have received a nonrefundable payment for a customer to receive a good or service and the customer is not expected to exercise such right, we will recognize such "breakage" amounts as revenue in proportion to the pattern of rights exercised by the customer. Corporate Learning The Corporate Learning business offers online learning and training solutions for global corporations, universities, and small and medium-sized enterprises, which are sold on a subscription or fee basis. Learning formats and modules on topics such as leadership development, value creation, client orientation, change management and corporate strategy are delivered on a cloud-based Learning Management System ("LMS") platform that hosts over 20,000 content assets (videos, digital learning modules, written files, etc.) in 17 languages. Its Mohive offering also provides a collaborative e-learning publishing and program creation system. Revenue growth is derived from legacy markets, such as France, England, and other European markets, and newer markets, such as the U.S. and Brazil. In addition, content and LMS offerings are continuously refreshed and expanded to serve a wider variety of customer needs. The transaction price consists of fixed consideration that is determined at the beginning of each year and received at the same time. Within Corporate Learning there are multiple performance obligations which includes the licenses to learning content and the learning application. Revenue is recognized over time as we have a continuous obligation to provide the right of access to the intellectual property which includes the licenses and learning applications.

Recent Accounting Standards (Ta

Recent Accounting Standards (Tables)	3 Months Ended
Recent Accounting Standards (Tables)	Jul. 31, 2018
Recent Accounting Standards [Abstract]
Reconciliation of Cash, Cash Equivalents and Restricted Cash	In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. ASU 2016-18 requires that entities include restricted cash and restricted cash equivalents with cash and cash equivalents in the beginning-of-period and end-of-period total amounts shown on the Statement of Cash Flows. We adopted ASU 2016-18 on May 1, 2018. Retrospective transition method is to be applied to each period presented. The adoption of ASU 2016-18 did not have a material impact to our consolidated financial statements. As a result of this retrospective adoption, the reclassification of restricted cash into a change in total cash resulted in a reduction in Cash Used in Operating Activities of $0.6 million for the three months ended July 31, 2017. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed Consolidated Statement of Financial Position that sum to the total of the same such amounts shown in the Condensed Consolidated Statement of Cash Flows. Balance at the Beginning of Period April 30, 2018 April 30, 2017 Cash and cash equivalents $ 169,773 $ 58,516 Restricted cash included in Prepaid expenses and other current assets 484 — Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statement of Cash Flows $ 170,257 $ 58,516 Balance at the End of Period July 31, 2018 July 31, 2017 Cash and cash equivalents $ 113,108 $ 84,113 Restricted cash included in Prepaid expenses and other current assets 484 632 Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statement of Cash Flows $ 113,592 $ 84,745
Cumulative Effect of Changes Made to Consolidated Balance Sheet As a Result of Adoption of New Revenue Standard	The cumulative effect of the changes made to our consolidated balance sheet at May 1, 2018 as a result of adoption of the new revenue standard using the modified retrospective method were as follows: April 30, 2018 Adjustments due to Adoption May 1, 2018 Assets Accounts receivable, net $ 212,377 $ 93,349 $ 305,726 Product development assets 78,814 (3,725 ) 75,089 Technology, property and equipment, net 289,934 (361 ) 289,573 Other non-current assets 85,802 5,274 91,076 Liabilities Accrued royalties 73,007 (731 ) 72,276 Contract liability (Deferred revenue) 486,353 89,364 575,717 Deferred income tax liabilities 143,518 1,400 144,918 Retained earnings $ 1,834,057 $ 4,503 $ 1,838,560

Revenue Recognition, Contract27

Revenue Recognition, Contracts with Customers (Tables)	3 Months Ended
Revenue Recognition, Contracts with Customers (Tables)	Jul. 31, 2018
Revenue Recognition, Contracts with Customers [Abstract]
Revenue from Contracts With Customers Disaggregated by Segment and Product Type	Revenue from contracts with customers is recognized using a five-step model consisting of the following: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) we satisfy a performance obligation. Performance obligations are satisfied when we transfer control of a good or service to a customer, which can occur over time or at a point in time. The amount of revenue recognized is based on the consideration to which we expect to be entitled in exchange for those goods or services, including the expected value of variable consideration. The customer's ability and intent to pay the transaction price is assessed in determining whether a contract exists with the customer. If collectability of substantially all the consideration in a contract is not probable, consideration received is not recognized as revenue unless the consideration is nonrefundable and we no longer have an obligation to transfer additional goods or services to the customer or collectability becomes probable. Disaggregation of Revenue The following table presents our revenue from contracts with customers disaggregated by segment and product type for the three months ended July 31, 2018 and 2017: 2018 2017 Research Publishing Solutions Total Research Publishing Solutions Total Research: Journals Subscriptions $ 165,958 $ — $ — $ 165,958 $ 168,325 $ — $ — $ 168,325 Open Access 10,943 — — 10,943 8,803 — — 8,803 Licensing, Reprints, Backfiles and Other 39,488 — — 39,488 38,230 — — 38,230 Publishing Technology Services (Atypon) 8,603 — — 8,603 8,269 — — 8,269 Publishing: STM and Professional Publishing — 66,064 — 66,064 — 63,600 — 63,600 Education Publishing — 38,231 — 38,231 — 45,736 — 45,736 Course Workflow (WileyPLUS) — 778 — 778 — 1,210 — 1,210 Test Preparation and Certification — 11,406 — 11,406 — 11,490 — 11,490 Licensing, Distribution, Advertising and Other — 8,442 — 8,442 — 9,242 — 9,242 Solutions: Education Services (OPM) — — 29,160 29,160 — — 26,337 26,337 Professional Assessment — — 15,799 15,799 — — 14,887 14,887 Corporate Learning — — 16,029 16,029 — — 15,315 15,315 Total $ 224,992 $ 124,921 $ 60,988 $ 410,901 $ 223,627 $ 131,278 $ 56,539 $ 411,444
Contract Asset and Liability Balances	The following table provides information about receivables and contract liabilities from contracts with customers. July 31, 2018 April 30, 2018 (1) Increase/ (Decrease) Balances from contracts with customers: Accounts receivable, net (2) $ 272,143 $ 212,377 $ 59,766 Contract liability (Deferred revenue) (2) 392,309 486,353 (94,044 ) Contract liability (included in Other Long-Term Liabilities) $ 14,844 $ — $ 14,844 (1) (2) Revenue recognized for the three months ended July 31, 2018 relating to the contract liability at April 30, 2018 was $196.3 million.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
Stock-Based Compensation (Tables)	Jul. 31, 2018
Stock-Based Compensation [Abstract]
Restricted Stock Data for Awards Granted	The following table summarizes restricted stock awards we granted: Three Months Ended July 31, 2018 2017 Restricted Stock: Awards granted 230 387 Weighted average fair value of grant $ 66.55 $ 51.35

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Jul. 31, 2018
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 months ended July 31, 2018 and 2017 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at April 30, 2018 $ (251,573 ) $ (191,026 ) $ 3,019 $ (439,580 ) Other comprehensive (loss) income before reclassifications (40,325 ) 7,720 70 (32,535 ) Amounts reclassified from accumulated other comprehensive loss — 1,091 (722 ) 369 Total other comprehensive (loss) income (40,325 ) 8,811 (652 ) (32,166 ) Balance at July 31, 2018 $ (291,898 ) $ (182,215 ) $ 2,367 $ (471,746 ) Balance at April 30, 2017 $ (319,212 ) $ (190,502 ) $ 2,427 $ (507,287 ) Other comprehensive income (loss) before reclassifications 27,405 (3,017 ) (432 ) 23,956 Amounts reclassified from accumulated other comprehensive loss — 1,070 71 1,141 Total other comprehensive income (loss) 27,405 (1,947 ) (361 ) 25,097 Balance at July 31, 2017 $ (291,807 ) $ (192,449 ) $ 2,066 $ (482,190 )

Reconciliation of Weighted Av30

Reconciliation of Weighted Average Shares Outstanding and Share Repurchases (Tables)	3 Months Ended
	Jul. 31, 2018
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: Three Months Ended July 31, 2018 2017 Weighted average shares outstanding 57,510 57,188 Less: Unvested restricted shares (80 ) (172 ) Shares used for basic earnings per share 57,430 57,016 Dilutive effect of stock options and other stock awards 684 693 Shares used for diluted earnings per share 58,114 57,709

Restructuring and Related Cha31

Restructuring and Related Charges (Tables)	3 Months Ended
Restructuring and Related Charges (Tables)	Jul. 31, 2018
Restructuring and Related Charges [Abstract]
Pre-tax Restructuring (Credits) Charges	The following tables summarize the pre-tax restructuring (credits) charges related to this program: Three Months Ended July 31, Total Charges 2018 2017 Incurred to Date (Credits) Charges by Segment: Research $ (980 ) $ 4,836 $ 24,433 Publishing (668 ) 7,254 38,263 Solutions (257 ) 2,795 5,990 Corporate Expenses (4,181 ) 10,844 91,738 Total Restructuring and Related (Credits) Charges $ (6,086 ) $ 25,729 $ 160,424 (Credits) Charges by Activity: Severance $ (5,778 ) $ 24,721 $ 109,025 Process Reengineering Consulting 135 1,521 20,764 Other Activities (443 ) (513 ) 30,635 Total Restructuring and Related (Credits) Charges $ (6,086 ) $ 25,729 $ 160,424 The credits in Severance activities for the first quarter of 2019 primarily reflect changes in the number of headcount reductions and estimates for previously accrued benefit costs. Other Activities in the first quarter of fiscal year 2019 and 2018 include leased facility consolidations and contract termination costs, the first quarter of fiscal year 2018 also includes charges related to the curtailment of certain defined benefit pension plans. The following table summarizes the activity for the Restructuring and Reinvestment Program liability for the three months ended July 31, 2018:
Activity for Restructuring and Reinvestment Program Liability	April 30, 2018 (Credits) Charges Payments Foreign Translation & Reclassifications July 31, 2018 Severance $ 17,279 $ (5,778 ) $ (4,928 ) $ (278 ) $ 6,295 Process Reengineering Consulting — 135 (41 ) — 94 Other Activities 2,772 (443 ) (549 ) 532 2,312 Total $ 20,051 $ (6,086 ) $ (5,518 ) $ 254 $ 8,701

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Jul. 31, 2018
Segment Information [Abstract]
Segment Information	Segment information is as follows: Three Months Ended July 31, 2018 2017 (1) Revenue: Research $ 224,992 $ 223,627 Publishing 124,921 131,278 Solutions 60,988 56,539 Total Revenue $ 410,901 $ 411,444 Contribution to Profit: Research $ 57,126 $ 60,462 Publishing 13,720 4,470 Solutions 3,224 (1,968 ) Total Contribution to Profit (1) $ 74,070 $ 62,964 Corporate Expenses (1) (37,930 ) (50,394 ) Operating Income (1) $ 36,140 $ 12,570 (1) Due to the retrospective adoption of ASU 2017-07, total net benefits of $1.9 million related to the non-service components of defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest Income and Other. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information. The impact of the reclassification on Contribution to Profit by segment for the three months ended July 31, 2017 was $1.0 million in Research, $0.5 million in Publishing, and $0.4 million in Corporate expenses.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Jul. 31, 2018
Inventories [Abstract]
Inventories	Inventories were as follows: July 31, 2018 April 30, 2018 Finished goods $ 33,388 $ 36,503 Work-in-process 2,414 2,139 Paper and other materials 696 550 $ 36,498 $ 39,192 Inventory value of estimated sales returns 4,478 4,626 LIFO reserve (4,404 ) (4,329 ) Total inventories $ 36,572 $ 39,489

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Jul. 31, 2018
Goodwill and Intangible Assets [Abstract]
Activity in Goodwill by Segment	Goodwill The following table summarizes the activity in goodwill by segment as of July 31, 2018: April 30, 2018 Foreign Translation Adjustment July 31, 2018 Research $ 463,419 $ (17,787 ) $ 445,632 Publishing 295,401 (4,925 ) 290,476 Solutions 260,981 — 260,981 Total $ 1,019,801 $ (22,712 ) $ 997,089
Intangible Assets	Intangible Assets Identifiable intangible assets, net consisted of the following: July 31, 2018 April 30, 2018 Intangible Assets with Determinable Lives, net: Content and Publishing Rights $ 415,482 $ 436,760 Customer Relationships 157,196 161,729 Brands and Trademarks 14,679 16,100 Covenants not to Compete 602 655 Total 587,959 615,244 Intangible Assets with Indefinite Lives: Brands and Trademarks 132,832 138,589 Content and Publishing Rights 90,367 94,238 Total 223,199 232,827 Total Intangible Assets, Net $ 811,158 $ 848,071

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
Income Taxes (Tables)	Jul. 31, 2018
Income Taxes [Abstract]
Effective Income Tax Rate	The following table summarizes the effective tax rate for the three months ended July 31, 2018 and 2017: Three Months Ended July 31, 2018 2017 Effective tax rate as reported 22.8 % (51.5 )% Impact of restructuring and impairment charges (0.1 )% 69.6 % Effective tax rate excluding the impact of restructuring and impairment charges 22.7 % 18.1 % The effective tax rate in the first quarter of fiscal year 2019 was 22.8%, compared to a benefit of 51.5% in the first quarter of fiscal year 2018. Fiscal year 2018 benefitted from significant restructuring and impairment charges in relatively high tax rate jurisdictions. Excluding these items, the effective tax rate for the first quarter of fiscal year 2018 was 18.1%. The increase in rate in fiscal year 2019 excluding the impact of restructuring and impairment charges compared to fiscal year 2018 was primarily due to large equity compensation deductions from significant vesting of restricted stock and other adjustments in the first quarter of fiscal year 2018 that were not significant for the first quarter of fiscal year 2019. This was partially offset by net benefits from the Tax Act and a more favorable earnings mix in fiscal 2019 compared to the first quarter of fiscal year 2018. The Tax Act

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
Retirement Plans (Tables)	Jul. 31, 2018
Retirement Plans [Abstract]
Components of Net Periodic Pension Expense (Income) for Defined Benefit Plans	The components of net pension expense (income) for our global defined benefit plans were as follows: Three Months Ended July 31, 2018 2017 Service cost $ 233 $ 230 Interest cost 6,212 6,252 Expected return on plan assets (9,902 ) (9,657 ) Net amortization of prior service cost (24 ) (25 ) Unrecognized net actuarial loss 1,434 1,501 Net pension income $ (2,047 ) $ (1,699 )

Recent Accounting Standards, Re

Recent Accounting Standards, Recently Adopted Accounting Standards (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2018	Jul. 31, 2017	Apr. 30, 2018	Apr. 30, 2017
Recently Adopted Accounting Standards [Abstract]
Net charges (benefits)		$ (2,047)	$ (1,699)
Reconciliation of cash, cash equivalents and restricted cash reported within Condensed Consolidated Statement of Cash Flows [Abstract]
Cash and cash equivalents		113,108	84,113	$ 169,773	$ 58,516
Restricted cash included in Prepaid and other current assets		484	632	484	0
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statement of Cash Flows	[1]	113,592	84,745	$ 170,257	$ 58,516
ASU 2017-07 Member] \| Operating and Administrative Expenses [Member]
Recently Adopted Accounting Standards [Abstract]
Net charges (benefits)			1,900
ASU 2017-07 Member] \| Interest and Other Income [Member]
Recently Adopted Accounting Standards [Abstract]
Net charges (benefits)		$ (2,400)	(1,900)
ASU 2016-18 [Member]
Recently Adopted Accounting Standards [Abstract]
Reduction in cash used in operating activities			$ (600)

[1]	Due to the retrospective adoption of ASU 2016-18, we are now required to include restricted cash as part of the change in cash, cash equivalents, and restricted cash. As a result, amounts which were previously classified as cash flows from operating activities have been reclassified as they are recognized in the total change in cash, cash equivalents and restricted cash. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.

Recent Accounting Standards, Ch

Recent Accounting Standards, Changes in Accounting Policy Resulting from Adoption of Topic 606 (Details) - USD ($) $ in Thousands		Jul. 31, 2018		Apr. 30, 2018
Assets [Abstract]
Accounts receivable, net		$ 272,143	[1]	$ 212,377
Product development assets		69,101		78,814
Technology, property and equipment, net		288,124		289,934
Other non-current assets		92,971		85,802
Liabilities [Abstract]
Accrued royalties		78,205		73,007
Contract liability (Deferred revenue)		392,309	[1]	486,353
Deferred income tax liabilities		141,090		143,518
Retained earnings		1,845,811		1,834,057
Topic 606 [Member]
Liabilities [Abstract]
Amounts netted down from accounts receivable and deferred revenue		$ 17,600		59,500
Adjustments due to Adoption [Member] \| Topic 606 [Member]
Assets [Abstract]
Accounts receivable, net	[2]			93,349
Product development assets				(3,725)
Technology, property and equipment, net				(361)
Other non-current assets				5,274
Liabilities [Abstract]
Accrued royalties				(731)
Contract liability (Deferred revenue)	[2]			89,364
Deferred income tax liabilities				1,400
Retained earnings				4,503
Balances without Adoption of Topic 606 [Member] \| Topic 606 [Member]
Assets [Abstract]
Accounts receivable, net	[1],[3]			212,377
Liabilities [Abstract]
Contract liability (Deferred revenue)	[1],[3]			486,353
Balances upon Adoption of Topic 606 [Member] \| Topic 606 [Member]
Assets [Abstract]
Accounts receivable, net				305,726
Product development assets				75,089
Technology, property and equipment, net				289,573
Other non-current assets				91,076
Liabilities [Abstract]
Accrued royalties				72,276
Contract liability (Deferred revenue)				575,717
Deferred income tax liabilities				144,918
Retained earnings				$ 1,838,560

[1]	Due to the adoption of the new revenue standard, the sales return reserve as of July 31, 2018 of $28.2 million is recorded in Contract Liability (Deferred Revenue). In prior periods, it was recorded in Accounts Receivable, Net on the Condensed Consolidated Statement of Financial Position.
[2]	The adoption of the new revenue standard resulted in the discontinuance of the historical practice of presenting accounts receivable and deferred revenue balances on a net basis for some of our subscription licensing agreements where we have invoiced a customer in advance of the related revenue being recognized and payment has not yet been received. As of April 30, 2018, the amounts that were netted down from accounts receivable and deferred revenue were $59.5 million.
[3]	As noted above, prior period amounts have not been adjusted under the modified retrospective method.

Revenue Recognition, Contract39

Revenue Recognition, Contracts with Customers, Description of Revenue Generating Activities (Details)	3 Months Ended
	Jul. 31, 2018SegmentAssetLanguage	Jul. 31, 2017Journal
Description of Revenue Generating Activities [Abstract]
Number of reportable segments \| Segment	3
Number of languages available for learning contracts \| Language	17
Journal Subscriptions [Member]
Description of Revenue Generating Activities [Abstract]
Number of academic research journals published \| Journal		1,700
Duration of contract	1 year
Test Preparation and Certification [Member]
Description of Revenue Generating Activities [Abstract]
Duration of contract	3 years
Professional Assessment [Member]
Description of Revenue Generating Activities [Abstract]
Duration of contract	1 year
Minimum [Member]
Description of Revenue Generating Activities [Abstract]
Number of content assets available for corporate learning contracts \| Asset	20,000
Minimum [Member] \| Publishing Technology Services [Member]
Description of Revenue Generating Activities [Abstract]
Duration of contract	2 years
Minimum [Member] \| Education Services [Member]
Description of Revenue Generating Activities [Abstract]
Duration of contract	7 years
Maximum [Member] \| Publishing Technology Services [Member]
Description of Revenue Generating Activities [Abstract]
Duration of contract	5 years
Maximum [Member] \| Education Services [Member]
Description of Revenue Generating Activities [Abstract]
Duration of contract	10 years

Revenue Recognition, Contract40

Revenue Recognition, Contracts with Customers, Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	$ 410,901	$ 411,444	[1]
Journal Subscriptions [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	165,958	168,325
Open Access [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	10,943	8,803
Licensing, Reprints, Backfiles, and Other [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	39,488	38,230
Publishing Technology Services (Atypon) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	8,603	8,269
STM and Professional Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	66,064	63,600
Education Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	38,231	45,736
Course Workflow (WileyPLUS) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	778	1,210
Test Preparation and Certification [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	11,406	11,490
Licensing, Distribution, Advertising, and Other [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	8,442	9,242
Education Services (OPM) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	29,160	26,337
Professional Assessment [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	15,799	14,887
Corporate Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	16,029	15,315
Operating Segments [Member] \| Research [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	224,992	223,627	[1]
Operating Segments [Member] \| Research [Member] \| Journal Subscriptions [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	165,958	168,325
Operating Segments [Member] \| Research [Member] \| Open Access [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	10,943	8,803
Operating Segments [Member] \| Research [Member] \| Licensing, Reprints, Backfiles, and Other [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	39,488	38,230
Operating Segments [Member] \| Research [Member] \| Publishing Technology Services (Atypon) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	8,603	8,269
Operating Segments [Member] \| Research [Member] \| STM and Professional Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Research [Member] \| Education Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Research [Member] \| Course Workflow (WileyPLUS) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Research [Member] \| Test Preparation and Certification [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Research [Member] \| Licensing, Distribution, Advertising, and Other [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Research [Member] \| Education Services (OPM) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Research [Member] \| Professional Assessment [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Research [Member] \| Corporate Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	124,921	131,278	[1]
Operating Segments [Member] \| Publishing [Member] \| Journal Subscriptions [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Publishing [Member] \| Open Access [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Publishing [Member] \| Licensing, Reprints, Backfiles, and Other [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Publishing [Member] \| Publishing Technology Services (Atypon) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Publishing [Member] \| STM and Professional Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	66,064	63,600
Operating Segments [Member] \| Publishing [Member] \| Education Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	38,231	45,736
Operating Segments [Member] \| Publishing [Member] \| Course Workflow (WileyPLUS) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	778	1,210
Operating Segments [Member] \| Publishing [Member] \| Test Preparation and Certification [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	11,406	11,490
Operating Segments [Member] \| Publishing [Member] \| Licensing, Distribution, Advertising, and Other [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	8,442	9,242
Operating Segments [Member] \| Publishing [Member] \| Education Services (OPM) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Publishing [Member] \| Professional Assessment [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Publishing [Member] \| Corporate Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Solutions [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	60,988	56,539	[1]
Operating Segments [Member] \| Solutions [Member] \| Journal Subscriptions [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Solutions [Member] \| Open Access [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Solutions [Member] \| Licensing, Reprints, Backfiles, and Other [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Solutions [Member] \| Publishing Technology Services (Atypon) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Solutions [Member] \| STM and Professional Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Solutions [Member] \| Education Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Solutions [Member] \| Course Workflow (WileyPLUS) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Solutions [Member] \| Test Preparation and Certification [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Solutions [Member] \| Licensing, Distribution, Advertising, and Other [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	0	0
Operating Segments [Member] \| Solutions [Member] \| Education Services (OPM) [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	29,160	26,337
Operating Segments [Member] \| Solutions [Member] \| Professional Assessment [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	15,799	14,887
Operating Segments [Member] \| Solutions [Member] \| Corporate Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	$ 16,029	$ 15,315

[1]	Due to the retrospective adoption of ASU 2017-07, total net benefits of $1.9 million related to defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest Income and Other. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information. The impact of the reclassification on Contribution to Profit by segment for the three months ended July 31, 2017 was $1.0 million in Research, $0.5 million in Publishing, and $0.4 million in Corporate expenses.

Revenue Recognition, Contract41

Revenue Recognition, Contracts with Customers, Contract Asset and Liability Balances (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Jul. 31, 2018		Apr. 30, 2018
Revenue Recognition, Contracts with Customers [Abstract]
Contract asset balance		$ 0
Balances from contracts with customers [Abstract]
Accounts receivable, net		272,143	[1]	$ 212,377
Contract liabilities (Deferred revenue)		392,309	[1]	486,353
Contract liabilities (included in Other Long-Term Liabilities)		14,844
Increase/(decrease) [Abstract]
Sales return reserve recorded in contract liability		28,200
Revenue recognized from beginning contract liability		196,300		0
Balances without Adoption of Topic 606 [Member] \| ASU 2014-09 [Member]
Balances from contracts with customers [Abstract]
Accounts receivable, net	[1],[2]			212,377
Contract liabilities (Deferred revenue)	[1],[2]			486,353
Contract liabilities (included in Other Long-Term Liabilities)	[2]			0
Effect of Change Higher/(Lower) [Member] \| ASU 2014-09 [Member]
Balances from contracts with customers [Abstract]
Accounts receivable, net	[3]			93,349
Contract liabilities (Deferred revenue)	[3]			$ 89,364
Increase/(decrease) [Abstract]
Accounts receivable, net	[1]	59,766
Contract liabilities (Deferred revenue)	[1]	(94,044)
Contract liabilities (included in Other Long-Term Liabilities)		$ 14,844

[1]	Due to the adoption of the new revenue standard, the sales return reserve as of July 31, 2018 of $28.2 million is recorded in Contract Liability (Deferred Revenue). In prior periods, it was recorded in Accounts Receivable, Net on the Condensed Consolidated Statement of Financial Position.
[2]	As noted above, prior period amounts have not been adjusted under the modified retrospective method.
[3]	The adoption of the new revenue standard resulted in the discontinuance of the historical practice of presenting accounts receivable and deferred revenue balances on a net basis for some of our subscription licensing agreements where we have invoiced a customer in advance of the related revenue being recognized and payment has not yet been received. As of April 30, 2018, the amounts that were netted down from accounts receivable and deferred revenue were $59.5 million.

Revenue Recognition, Contract42

Revenue Recognition, Contracts with Customers, Remaining Performance Obligations, Assets Recognized for the Costs to Obtain or Fulfill a Contract (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2018	Jul. 31, 2017
Remaining Performance Obligations [Abstract]
Remaining performance obligation		$ 407,200
Assets Recognized for the Costs to Obtain or Fulfill a Contract [Abstract]
Costs capitalized		5,700
Amortization		800
Cost of revenue [Abstract]
Operating and administrative expenses	[1]	253,773	$ 245,738
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-08-01
Remaining Performance Obligations [Abstract]
Remaining performance obligation		$ 392,300
Expected timing of satisfaction, period		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-08-01
Remaining Performance Obligations [Abstract]
Remaining performance obligation		$ 14,900
Expected timing of satisfaction, period
Shipping and Handling [Member]
Cost of revenue [Abstract]
Operating and administrative expenses		$ 7,900	$ 7,800

[1]	Due to the retrospective adoption of ASU 2017-07, total net benefits of $1.9 million related to defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest and Other Income for the three months ended July 31, 2017. Total net benefits were $2.4 million for the three months ended July 31, 2018. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Stock-based Compensation [Abstract]
Share-based compensation expense (benefit)	$ 3.9	$ (1.5)
Restricted Stock [Member]
Restricted stock data for awards granted by the Company [Abstract]
Awards granted (in shares)	230	387
Weighted average fair value of grant (in dollars per share)	$ 66.55	$ 51.35
Performance-based Stock Awards [Member]
Stock-based Compensation [Abstract]
Period for achievement of performance-based targets	3 years

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 1,190,557
Other comprehensive income (loss) before reclassifications	(32,535)	$ 23,956
Amounts reclassified from accumulated other comprehensive loss	369	1,141
Total Other Comprehensive (Loss) Income	(32,166)	25,097
Balance	1,174,008
Accumulated Other Comprehensive Loss [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(439,580)	(507,287)
Balance	(471,746)	(482,190)
Foreign Currency Translation [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(251,573)	(319,212)
Other comprehensive income (loss) before reclassifications	(40,325)	27,405
Amounts reclassified from accumulated other comprehensive loss	0	0
Total Other Comprehensive (Loss) Income	(40,325)	27,405
Balance	(291,898)	(291,807)
Unamortized Retirement Costs [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(191,026)	(190,502)
Other comprehensive income (loss) before reclassifications	7,720	(3,017)
Amounts reclassified from accumulated other comprehensive loss	1,091	1,070
Total Other Comprehensive (Loss) Income	8,811	(1,947)
Balance	(182,215)	(192,449)
Interest Rate Swaps [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	3,019	2,427
Other comprehensive income (loss) before reclassifications	70	(432)
Amounts reclassified from accumulated other comprehensive loss	(722)	71
Total Other Comprehensive (Loss) Income	(652)	(361)
Balance	$ 2,367	$ 2,066

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Loss, Reclassification out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2018	Jul. 31, 2017
Amortization from Accumulated Other Comprehensive Loss [Abstract]
Operating and administrative expenses	[1]	$ 253,773	$ 245,738
Unamortized Retirement Costs [Member] \| Reclassification out of Accumulated Other Comprehensive Loss [Member]
Amortization from Accumulated Other Comprehensive Loss [Abstract]
Operating and administrative expenses		$ 1,400	$ 1,400

[1]	Due to the retrospective adoption of ASU 2017-07, total net benefits of $1.9 million related to defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest and Other Income for the three months ended July 31, 2017. Total net benefits were $2.4 million for the three months ended July 31, 2018. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.

Reconciliation of Weighted Av46

Reconciliation of Weighted Average Shares Outstanding and Share Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 21, 2018	Jul. 31, 2018	Jul. 31, 2017
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Weighted average shares outstanding (in shares)		57,510,000	57,188,000
Less: Unvested restricted shares (in shares)		(80,000)	(172,000)
Shares used for basic earnings per share (in shares)		57,430,000	57,016,000
Dilutive effect of stock options and other stock awards (in shares)		684,000	693,000
Shares used for diluted earnings per share (in shares)		58,114,000	57,709,000
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Shares repurchased (in shares)		125,932	265,158
Average purchase price (in dollars per share)		$ 63.48	$ 52.86
Cash dividend [Abstract]
Cash dividends		$ 19,043	$ 18,382
Class A Common [Member]
Cash dividend [Abstract]
Common stock (in dollars per share)		$ 0.33	$ 0.32
Class A Common [Member] \| Dividend Paid [Member]
Cash dividend [Abstract]
Dividend declared date		Jun. 21, 2018
Common stock (in dollars per share)	$ 0.33
Cash dividends	$ 19,000
Dividend payable date		Jul. 18, 2018
Dividend record date		Jul. 3, 2018
Class B Common [Member]
Cash dividend [Abstract]
Common stock (in dollars per share)		$ 0.33	$ 0.32
Class B Common [Member] \| Dividend Paid [Member]
Cash dividend [Abstract]
Dividend declared date		Jun. 21, 2018
Common stock (in dollars per share)	$ 0.33
Cash dividends	$ 19,000
Dividend payable date		Jul. 18, 2018
Dividend record date		Jul. 3, 2018
Restricted Stock [Member]
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Anti-dilutive shares excluded from diluted EPS calculation (in shares)		0	0
Stock Options [Member] \| Class A Common [Member]
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Anti-dilutive shares excluded from diluted EPS calculation (in shares)		0	292,852

Restructuring and Related Cha47

Restructuring and Related Charges, Pre-tax Restructuring (Credits) Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Summary of pre-tax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges	$ (6,086)	$ 25,729
Restructuring and Reinvestment Program [Member]
Summary of pre-tax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges	(6,086)	25,729
Restructuring and related charges incurred to date	160,424
Restructuring and Reinvestment Program [Member] \| Severance [Member]
Summary of pre-tax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges	(5,778)	24,721
Restructuring and related charges incurred to date	109,025
Restructuring and Reinvestment Program [Member] \| Process Reengineering Consulting [Member]
Summary of pre-tax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges	135	1,521
Restructuring and related charges incurred to date	20,764
Restructuring and Reinvestment Program [Member] \| Other Activities [Member]
Summary of pre-tax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges	(443)	(513)
Restructuring and related charges incurred to date	30,635
Research [Member] \| Restructuring and Reinvestment Program [Member]
Summary of pre-tax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges	(980)	4,836
Restructuring and related charges incurred to date	24,433
Publishing [Member] \| Restructuring and Reinvestment Program [Member]
Summary of pre-tax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges	(668)	7,254
Restructuring and related charges incurred to date	38,263
Solutions [Member] \| Restructuring and Reinvestment Program [Member]
Summary of pre-tax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges	(257)	2,795
Restructuring and related charges incurred to date	5,990
Corporate Expenses [Member] \| Restructuring and Reinvestment Program [Member]
Summary of pre-tax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges	(4,181)	$ 10,844
Restructuring and related charges incurred to date	$ 91,738

Restructuring and Related Cha48

Restructuring and Related Charges, Activity for Restructuring and Reinvestment Program Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
(Credits) charges	$ (6,086)	$ 25,729
Restructuring and Reinvestment Program [Member]
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring liability, beginning of period	20,051
(Credits) charges	(6,086)	25,729
Payments	(5,518)
Foreign translation & reclassifications	254
Restructuring liability, end of period	8,701
Restructuring and Reinvestment Program [Member] \| Severance [Member]
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring liability, beginning of period	17,279
(Credits) charges	(5,778)	24,721
Payments	(4,928)
Foreign translation & reclassifications	(278)
Restructuring liability, end of period	6,295
Restructuring and Reinvestment Program [Member] \| Process Reengineering Consulting [Member]
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring liability, beginning of period	0
(Credits) charges	135	1,521
Payments	(41)
Foreign translation & reclassifications	0
Restructuring liability, end of period	94
Restructuring and Reinvestment Program [Member] \| Other Activities [Member]
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring liability, beginning of period	2,772
(Credits) charges	(443)	$ (513)
Payments	(549)
Foreign translation & reclassifications	532
Restructuring liability, end of period	2,312
Restructuring and Reinvestment Program [Member] \| Other Activities [Member] \| Other Accrued Liabilities [Member]
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring liability, end of period	1,000
Restructuring and Reinvestment Program [Member] \| Other Activities [Member] \| Other Long-Term Liabilities [Member]
Activity for Restructuring and Reinvestment Program liability [Roll Forward]
Restructuring liability, end of period	$ 1,300

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended
Segment Information (Details) - USD ($) $ in Thousands		Jul. 31, 2018	Jul. 31, 2017
Segment information [Abstract]
Revenue		$ 410,901	$ 411,444	[1]
Contribution to Profit	[1]	74,070	62,964
Corporate Expenses	[1]	(37,930)	(50,394)
Operating Income	[1]	36,140	12,570
Net benefits		(2,047)	(1,699)
Operating and Administrative Expenses [Member] \| ASU 2017-07 Member]
Segment information [Abstract]
Net benefits			1,900
Interest and Other Income [Member] \| ASU 2017-07 Member]
Segment information [Abstract]
Net benefits		(2,400)	(1,900)
Research [Member] \| Interest and Other Income [Member] \| ASU 2017-07 Member]
Segment information [Abstract]
Net benefits			(1,000)
Publishing [Member] \| Interest and Other Income [Member] \| ASU 2017-07 Member]
Segment information [Abstract]
Net benefits			(500)
Operating Segments [Member] \| Research [Member]
Segment information [Abstract]
Revenue		224,992	223,627	[1]
Contribution to Profit		57,126	60,462	[1]
Operating Segments [Member] \| Publishing [Member]
Segment information [Abstract]
Revenue		124,921	131,278	[1]
Contribution to Profit		13,720	4,470	[1]
Operating Segments [Member] \| Solutions [Member]
Segment information [Abstract]
Revenue		60,988	56,539	[1]
Contribution to Profit		$ 3,224	(1,968)	[1]
Corporate [Member] \| Interest and Other Income [Member] \| ASU 2017-07 Member]
Segment information [Abstract]
Net benefits			$ (400)

[1]	Due to the retrospective adoption of ASU 2017-07, total net benefits of $1.9 million related to defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest Income and Other. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information. The impact of the reclassification on Contribution to Profit by segment for the three months ended July 31, 2017 was $1.0 million in Research, $0.5 million in Publishing, and $0.4 million in Corporate expenses.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Apr. 30, 2018
Inventories [Abstract]
Finished goods	$ 33,388	$ 36,503
Work-in-process	2,414	2,139
Paper and other materials	696	550
Gross inventory	36,498	39,192
Inventory value of estimated sales returns	4,478	4,626
LIFO reserve	(4,404)	(4,329)
Total inventories	$ 36,572	$ 39,489

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Goodwill (Details) $ in Thousands	3 Months Ended
	Jul. 31, 2018USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 1,019,801
Foreign translation adjustment	(22,712)
Ending balance	997,089
Research [Member]
Goodwill [Roll Forward]
Beginning balance	463,419
Foreign translation adjustment	(17,787)
Ending balance	445,632
Publishing [Member]
Goodwill [Roll Forward]
Beginning balance	295,401
Foreign translation adjustment	(4,925)
Ending balance	290,476
Solutions [Member]
Goodwill [Roll Forward]
Beginning balance	260,981
Foreign translation adjustment	0
Ending balance	$ 260,981

Goodwill and Intangible Asset52

Goodwill and Intangible Assets, Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Apr. 30, 2018
Intangible Assets with Determinable Lives, net [Abstract]
Total	$ 587,959		$ 615,244
Intangible Assets with Indefinite Lives [Abstract]
Total	223,199		232,827
Intangible assets (excluding goodwill) [Abstract]
Total Intangible Assets, Net	811,158		848,071
Impairment charges	0	$ 3,600
Brands and Trademarks [Member]
Intangible Assets with Indefinite Lives [Abstract]
Total	132,832		138,589
Content and Publishing Rights [Member]
Intangible Assets with Indefinite Lives [Abstract]
Total	90,367		94,238
Brands [Member]
Intangible assets (excluding goodwill) [Abstract]
Impairment charges		3,600
Fair value of intangible assets		$ 1,200
Content and Publishing Rights [Member]
Intangible Assets with Determinable Lives, net [Abstract]
Total	415,482		436,760
Customer Relationships [Member]
Intangible Assets with Determinable Lives, net [Abstract]
Total	157,196		161,729
Brands and Trademarks [Member]
Intangible Assets with Determinable Lives, net [Abstract]
Total	14,679		16,100
Covenants Not to Compete [Member]
Intangible Assets with Determinable Lives, net [Abstract]
Total	$ 602		$ 655
Brands [Member]
Intangible Assets with Determinable Lives, net [Abstract]
Estimated useful life	5 years

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jul. 31, 2018	Jul. 31, 2017	Apr. 30, 2018
Effective income tax rate [Abstract]
Effective tax rate as reported	22.80%	(51.50%)
Impact of restructuring and impairment charges	(0.10%)	69.60%
Effective tax rate excluding the impact of restructuring and impairment charges	22.70%	18.10%
The Tax Act [Abstract]
Provisional estimated net tax benefit related to the Tax Act			$ (25.1)
Federal statutory tax rate	21.00%

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended
Retirement Plans (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Jul. 31, 2017
Defined benefit plans, net pension expense (income) [Abstract]
Service cost	$ 233	$ 230
Interest cost	6,212	6,252
Expected return on plan assets	(9,902)	(9,657)
Net amortization of prior service cost	(24)	(25)
Recognized net actuarial loss	1,434	1,501
Net pension income	(2,047)	(1,699)
Employer defined benefit pension plan contributions	3,600	2,800
Expense for employer defined contribution plans	$ 4,500	$ 4,900

Derivative Instruments and He55

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Apr. 30, 2018
Derivative Instruments and Hedging Activities [Abstract]
Variable rate loans outstanding	$ 507.5		$ 360
Interest Rate Swaps [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Interest Expense [Member]
Derivative Instruments and Hedging Activities [Abstract]
Net gain (losses) reclassified from Accumulated Other Comprehensive Loss	1	$ 0.1
Interest Rate Swaps [Member] \| Recurring [Member] \| Level 2 [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities [Abstract]
Assets fair value of derivative instrument	$ 4.3		5.1
Interest Rate Swaps [Member] \| April 2016 Interest Rate Swap (Variable Rate Loans) [Member] \| LIBOR [Member]
Derivative Instruments and Hedging Activities [Abstract]
Inception date	Apr. 4, 2016
Fixed interest rate to be paid	0.92%
Description of variable rate basis	one-month LIBOR
Term of variable rate	1 month
Term of derivative instrument	3 years
Expiration date	May 15, 2019
Notional amount of derivative liability	$ 350		$ 350