John Wiley & Sons (WLY) 10-Q 4 Sep 20 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2020	Aug. 31, 2020
Entity Listings [Line Items]
Entity Registrant Name	JOHN WILEY & SONS, INC.
Entity Central Index Key	0000107140
Current Fiscal Year End Date	--04-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-11507
Entity Tax Identification Number	13-5593032
Entity Incorporation, State or Country Code	NY
Entity Address, Address Line One	111 River Street
Entity Address, City or Town	Hoboken
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07030
City Area Code	201
Local Phone Number	748-6000
Common Stock Class A [Member]
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		46,920,390
Title of 12(b) Security	Class A Common Stock, par value $1.00 per share
Trading Symbol	JW.A
Security Exchange Name	NYSE
Common Stock Class B [Member]
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		9,083,163
Title of 12(b) Security	Class B Common Stock, par value $1.00 per share
Trading Symbol	JW.B
Security Exchange Name	NYSE

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED - USD ($) $ in Thousands		Jul. 31, 2020	Apr. 30, 2020
Current Assets
Cash and cash equivalents		$ 101,385	$ 202,464
Accounts receivable, net		282,412	309,384
Inventories, net		45,051	43,614
Prepaid expenses and other current assets		59,155	59,465
Total Current Assets		488,003	614,927
Product Development Assets, net		52,088	53,643
Royalty Advances, net		28,682	36,710
Technology, Property and Equipment, net		295,457	298,005
Intangible Assets, net		829,231	807,405
Goodwill		1,133,610	1,116,790
Operating Lease Right-of-Use Assets		139,798	142,716
Other Non-Current Assets		102,077	98,598
Total Assets		3,068,946	3,168,794
Current Liabilities
Accounts payable		52,556	93,691
Accrued royalties		82,691	87,408
Short-term portion of long-term debt	[1]	10,938	9,375
Contract liabilities	[2]	408,954	520,214
Accrued employment costs		70,211	108,448
Accrued income taxes		181	13,728
Short-term portion of operating lease liabilities		20,647	21,810
Other accrued liabilities		69,958	72,595
Total Current Liabilities		716,136	927,269
Long-Term Debt		835,763	765,650
Accrued Pension Liability		183,284	187,969
Deferred Income Tax Liabilities		124,184	119,127
Operating Lease Liabilities		156,644	159,782
Other Long-Term Liabilities		79,190	75,373
Total Liabilities		2,095,201	2,235,170
Shareholders' Equity
Preferred Stock, $1 par value: Authorized - 2 million, Issued 0		0	0
Additional paid-in-capital		431,241	431,680
Retained earnings		1,775,813	1,780,129
Accumulated other comprehensive loss, net of tax		(534,118)	(575,497)
Less Treasury shares At Cost (Class A - 23,259 and 23,405 as of July 31, 2020 and April 30, 2020, respectively; Class B - 3,920 and 3,920 as of July 31, 2020 and April 30, 2020, respectively)		(782,373)	(785,870)
Total Shareholders' Equity		973,745	933,624
Total Liabilities and Shareholders' Equity		3,068,946	3,168,794
Class A [Member]
Shareholders' Equity
Common Stock		70,177	70,166
Class B [Member]
Shareholders' Equity
Common Stock		$ 13,005	$ 13,016
[1]	Relates to our term loan A under the Amended and Restated RCA.
[2]	The sales return reserve recorded in Contract Liabilities is $39.4 million and $32.8 million, as of July 31, 2020 and April 30, 2020, respectively.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED (Parenthetical) - $ / shares shares in Thousands	Jul. 31, 2020	Apr. 30, 2020
Shareholders' Equity
Preferred Stock, par value (in dollars per share)	$ 1	$ 1
Preferred Stock, shares authorized (in shares)	2,000	2,000
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	180,000
Common Stock, shares issued (in shares)	70,177	70,166
Treasury stock (in shares)	23,259	23,405
Class B [Member]
Shareholders' Equity
Common Stock, par value (in dollars per share)	$ 1	$ 1
Common Stock, shares authorized (in shares)	72,000	72,000
Common Stock, shares issued (in shares)	13,005	13,016
Treasury stock (in shares)	3,920	3,920

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED [Abstract]
Revenue, net	$ 431,326	$ 423,530
Costs and Expenses
Cost of sales	144,809	143,096
Operating and administrative expenses	237,369	250,170
Restructuring and related charges	2,218	10,735
Amortization of intangibles	16,891	14,970
Total Costs and Expenses	401,287	418,971
Operating Income	30,039	4,559
Interest Expense	(4,614)	(6,077)
Foreign Exchange Transaction (Losses) Gains	(82)	2,652
Interest and Other Income	4,391	2,833
Income Before Taxes	29,734	3,967
Provision for Income Taxes	13,400	343
Net Income	$ 16,334	$ 3,624
Earnings Per Share
Basic (in dollars per share)	$ 0.29	$ 0.06
Diluted (in dollars per share)	$ 0.29	$ 0.06
Weighted Average Number of Common Shares Outstanding
Basic (in shares)	55,912	56,536
Diluted (in shares)	56,193	56,905

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) UNAUDITED [Abstract]
Net income	$ 16,334	$ 3,624
Other Comprehensive Income (Loss):
Foreign currency translation adjustment	46,853	(35,539)
Unamortized retirement (costs) credits, net of tax benefit (expense) of $1,705 and $(2,180), respectively	(5,665)	8,168
Unrealized gain on interest rate swaps, net of tax (expense) benefit of $(30) and $44, respectively	191	85
Total Other Comprehensive Income (Loss)	41,379	(27,286)
Comprehensive Income (Loss)	$ 57,713	$ (23,662)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Other Comprehensive Income (Loss):
Unamortized retirement costs, tax benefit (expense)	$ 1,705	$ (2,180)
Unrealized (loss) gain on interest rate swaps, tax benefit (expense)	$ (30)	$ 44

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Operating Activities
Net income	$ 16,334	$ 3,624
Adjustments to reconcile net income to net cash used in operating activities:
Amortization of intangibles	16,891	14,970
Amortization of product development assets	9,148	8,714
Depreciation and amortization of technology, property and equipment	23,468	18,535
Restructuring and related charges	2,218	10,735
Stock-based compensation expense	4,314	4,604
Employee retirement plan expense	4,033	1,841
Royalty advances	(28,952)	(25,687)
Earned royalty advances	40,125	33,886
Foreign exchange transaction losses (gains)	82	(2,652)
Other non-cash charges	15,285	3,750
Net change in operating assets and liabilities	(223,729)	(166,488)
Net Cash Used In Operating Activities	(120,783)	(94,168)
Investing Activities
Product development spending	(5,325)	(6,211)
Additions to technology, property and equipment	(18,964)	(24,202)
Businesses acquired in purchase transactions, net of cash acquired	(136)	(73,209)
Acquisitions of publication rights and other	(3,855)	(2,270)
Net Cash Used In Investing Activities	(28,280)	(105,892)
Financing Activities
Repayment of long-term debt	(139,331)	(10,400)
Borrowing of long-term debt	206,687	264,248
Payment of debt issuance costs	0	(3,957)
Purchase of treasury shares	0	(10,000)
Change in book overdrafts	(3,292)	(6,169)
Cash dividends	(19,261)	(19,252)
Net payments from exercise of stock options and other	(1,319)	(1,137)
Net Cash Provided By Financing Activities	43,484	213,333
Effects of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	4,500	(2,138)
Cash Reconciliation:
Cash and Cash Equivalents	202,464	92,890
Restricted cash included in Prepaid expenses and other current assets	583	658
Balance at Beginning of Period	203,047	93,548
(Decrease)/Increase for the Period	(101,079)	11,135
Cash and cash equivalents	101,385	104,025
Restricted cash included in Prepaid expenses and other current assets	583	658
Balance at End of Period	101,968	104,683
Cash Paid During the Period for:
Interest	4,221	5,410
Income taxes, net of refunds	$ 25,704	$ 11,484

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - UNAUDITED - USD ($) $ in Thousands	Common Stock [Member]Class A [Member]	Common Stock [Member]Class B [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member]Class A [Member]	Additional Paid-in Capital [Member]Class B [Member]	Retained Earnings [Member]	Retained Earnings [Member]Class A [Member]	Retained Earnings [Member]Class B [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Other Comprehensive Loss [Member]Class A [Member]	Accumulated Other Comprehensive Loss [Member]Class B [Member]	Treasury Stock [Member]	Treasury Stock [Member]Class A [Member]	Treasury Stock [Member]Class B [Member]	Total	Class A [Member]	Class B [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member]Class A [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member]Class B [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Accumulated Other Comprehensive Loss [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Treasury Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at Apr. 30, 2019	$ 70,127	$ 13,055	$ 422,305			$ 1,931,074			$ (508,738)			$ (746,476)			$ 1,181,347
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted Shares Issued under Stock-based Compensation Plans	0	0	(2,112)			(1)			0			2,219			106
Net Proceeds (Payments) from Exercise of Stock Options and Other	0	0	107			0			0			(1,244)			(1,137)
Stock-based Compensation Expense	0	0	4,604			0			0			0			4,604
Purchase of Treasury Shares	0	0	0			0			0			(10,000)			(10,000)
Common Stock Dividends	0	0		$ 0	$ 0		$ (16,148)	$ (3,104)		$ 0	$ 0		$ 0	$ 0		$ (16,148)	$ (3,104)
Common Stock Class Conversions	12	(12)	0			0			0			0			0
Comprehensive Income (Loss), Net of Tax	0	0	0			3,624			(27,286)			0			(23,662)
Balance at Jul. 31, 2019	70,139	13,043	424,904			1,915,445			(536,024)			(755,501)			1,132,006
Balance at Apr. 30, 2020	70,166	13,016	431,680			1,780,129			(575,497)			(785,870)			933,624			$ 0	$ 0	$ 0	$ (1,390)	$ 0	$ 0	$ (1,390)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted Shares Issued under Stock-based Compensation Plans	0	0	(5,121)			1			0			5,184			64
Net Proceeds (Payments) from Exercise of Stock Options and Other	0	0	368			0			0			(1,687)			(1,319)
Stock-based Compensation Expense	0	0	4,314			0			0			0			4,314
Common Stock Dividends	0	0		$ 0	$ 0		$ (16,149)	$ (3,112)		$ 0	$ 0		$ 0	$ 0		$ (16,149)	$ (3,112)
Common Stock Class Conversions	11	(11)	0			0			0			0			0
Comprehensive Income (Loss), Net of Tax	0	0	0			16,334			41,379			0			57,713
Balance at Jul. 31, 2020	$ 70,177	$ 13,005	$ 431,241			$ 1,775,813			$ (534,118)			$ (782,373)			$ 973,745

CONDENSED CONSOLIDATED STATEM_8

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - UNAUDITED (Parenthetical) - $ / shares	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Class A [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock dividend (in dollars per share)	$ 0.3425	$ 0.34
Class B [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock dividend (in dollars per share)	$ 0.3425	$ 0.34

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jul. 31, 2020
Basis of Presentation [Abstract]
Basis of Presentation	Note 1 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 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 Unaudited 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 consolidated financial statements included in our Form 10-K for the fiscal year ended April 30, 2020 as filed with the SEC on June 26, 2020 (“2020 Form 10-K”). Our Unaudited 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 U.S. GAAP have been condensed or omitted. The preparation of our Unaudited 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 the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the 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
	Jul. 31, 2020
Recent Accounting Standards [Abstract]
Recent Accounting Standards	Note 2 Recent Accounting Standards Recently Adopted Accounting Standards Intangibles-Goodwill and Other-Internal-Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract 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. We adopted ASU 2018-15 on May 1, 2020 on a prospective basis. There was no impact to our consolidated financial statements at the date of adoption. Changes to the Disclosure Requirements for Fair Value Measurement 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, modifies and added disclosures. We adopted ASU 2018-13 on May 1, 2020. There was no impact to our consolidated financial statements at the date of adoption. Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments.” Subsequently, in May 2019, the FASB issued ASU 2019-05 - "Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief”, in April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” in November 2018, the FASB issued ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” in November 2019, the FASB issued ASU 2019-11, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” and in February 2020, the FASB issued ASU 2020-02, “Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842)—Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842) (SEC Update)”. 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. ASU 2016-13, ASU 2019-05, ASU 2019-04, ASU 2018-19, ASU 2019-11 and ASU 2020-02 were effective for us on May 1, 2020, including interim periods within those fiscal periods, with early adoption permitted. We adopted the new standard on May 1, 2020, with a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption. Based on financial instruments currently held by us, the adoption of ASU 2016-13 primarily impacted our trade receivables, specifically our allowance for doubtful accounts. The adoption of the standard did not have an impact on our , or our Unaudited Condensed Consolidated Statements of Cash Flows. See the table below for further details on the immaterial impact to our Unaudited Condensed Consolidated Statements of Financial Position and Unaudited Condensed Consolidated Statements of Shareholders’ Equity. We are exposed to credit losses through our accounts receivable with customers. Accounts Receivable, net is stated at amortized cost net of provision for credit losses. Our methodology to measure the provision for credit losses requires an estimation of loss rates based upon historical loss experience adjusted for factors that are relevant to determining the expected collectability of accounts receivable including the impact of COVID-19, delinquency trends, aging behavior of receivables, credit and liquidity indicators for industry groups, customer classes or individual customers is reviewed and revised periodically. Our accounts receivable is evaluated on a pool basis that is based on customer groups with similar risk characteristics. This includes consideration of the following factors to develop these pools; size of the customer, industry, geographical location, historical risk and types of services or products sold. Our customer’s ability to pay is assessed through our internal credit review processes. Based on the dollar value of credit extended, we assess our customers' credit by reviewing the total expected receivable exposure, expected timing of payments and the customer’s established credit rating. In determining customer creditworthiness, we assess our customers' credit utilizing different resources including external credit validations and/or our own assessment through analysis of the customers' financial statements and review of trade/bank references. We also consider contract terms and conditions, country and political risk, and the customer's mix of products purchased in our evaluation. A credit limit is established for each customer based on the outcome of this review. Credit limits are periodically reviewed for existing customers and whenever an increase in the credit limit is being considered. When necessary, we utilize collection agencies and legal counsel to pursue recovery of defaulted receivables. The following table presents the change in provision for credit losses, which is presented net in Accounts Receivable on our Unaudited Condensed Consolidated Statements of Financial Position for the period indicated: Provision for Credit Losses Balance as of April 30, 2020 $ 18,335 Adjustment due to adoption of new credit losses standard recorded as an adjustment to retained earnings 1,776 Current period provision 2,678 Amounts written off, less recoveries (1,327 ) Foreign exchange translation adjustments and other (1,398 ) Balance as of July 31, 2020 $ 20,064 Recently Issued Accounting Standards In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40)”. This ASU reduces the number of accounting models for convertible debt instruments and convertible preferred stock. As well as amend the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. In addition, this ASU improves and amends the related EPS guidance. This standard is effective for us on May 1, 2022, including interim periods within those fiscal years. Adoption is either a modified retrospective method or a fully retrospective method of transition. We are currently assessing the impact the new guidance will have on our consolidated financial statements. Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This ASU provides optional guidance for a limited period of time to ease the burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. This would apply to companies meeting certain criteria that have contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. This standard is effective for us immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. We are currently assessing the impact the new guidance will have on our consolidated financial statements. Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” This ASU is intended to simplify various aspects related to accounting for income taxes, eliminates certain exceptions within Topic 740, “Income Taxes” and clarifies certain aspects of the current guidance to promote consistent application. The standard is effective for us on May 1, 2021, and early adoption is permitted in any interim period for which financial statements have not yet been issued. We are currently assessing the impact the new guidance will have on our consolidated financial statements. Changes to the Disclosure Requirements for Defined Benefit Plans 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.

Acquisitions

Acquisitions	3 Months Ended
	Jul. 31, 2020
Acquisitions [Abstract]
Acquisitions	Note 3 Acquisitions Fiscal Year 2020 Pro forma financial information related to these acquisitions has not been provided as it is not material to our consolidated results of operations. mthree On January 1, 2020, we completed the acquisition of 100% of the outstanding stock of mthree. mthree is a rapidly growing education services provider that addresses the IT skills gap by finding, training and placing job-ready technology talent in roles with leading corporations worldwide. Its results of operations are included in our Education Services segment. The preliminary fair value of the consideration transferred at the acquisition date was $128.6 million (£97.5 million) which included $122.2 million of cash and $6.4 million of additional consideration to be paid after the acquisition date. We financed the payment of the cash consideration primarily through borrowings under our Amended and Restated RCA (as defined below in Note 15, “Debt and Available Credit Facilities”) and using cash on hand. The fair value of the cash consideration transferred including those amounts paid after the acquisition date, net of $2.2 million of cash acquired was approximately $126.4 million. mthree’s revenue included in our Education Services segment results for the three months ended July 31, 2020 was $12.4 million. During the three months ended July 31, 2020, no revisions were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed. The allocation of the total consideration transferred to the assets acquired and the liabilities assumed is preliminary, and could be revised as a result of additional information obtained due to the finalization of the third-party valuation report, leases and related commitments, tax related matters and contingencies and certain assets and liabilities, including receivables and payables, but such amounts will be finalized within the measurement period, which will not exceed one year from the acquisition date. Zyante Inc. On July 1, 2019, we completed the acquisition of Zyante Inc. (“zyBooks”), a leading provider of computer science and STEM education courseware. The results of operations of zyBooks is included in our Academic & Professional Learning segment results. The fair value of the consideration transferred at the acquisition date was $57.1 million which included $55.9 million of cash and $1.2 million of additional consideration to be paid after the acquisition date, inclusive of purchase price adjustments which were finalized in the three months ended January 31, 2020. The fair value of the cash consideration transferred after the acquisition date, that was paid during the three months ended July 31, 2020 was $0.1 million. zyBooks incremental revenue included in our Academic & Professional Learning segment results for the three months ended July 31, 2020 was $ million. The allocation of the consideration transferred to the assets acquired and the liabilities assumed was final as of April 30, 2020. This i ncluded goodwill of $ million allocated to the Academic & Professional Learning segment, and $ million of intangible assets. Other Acquisitions in Fiscal Year 2020 The preliminary fair value of cash consideration transferred during the year ended April 30, 2020 for all other acquisitions was approximately $ million. These other acquisitions were accounted for using the acquisition method of accounting as of their respective acquisition dates. During the three months ended July 31, 2020, a revision of $ million from goodwill to intangibles assets was made to the allocation of the consideration transferred to the assets acquired and liabilities assumed for the Informatics and Madgex acquisitions, due to additional information obtained related to the third-party valuation. The excess purchase price over identifiable net tangible and intangible assets of $ million has been recorded to Goodwill on our Condensed Consolidated Statements of Financial Position as of July 31, 2020, and $ million of intangible assets subject to amortization have been recorded, including customer relationships, developed technology, content and trademarks that are being amortized over estimated weighted average useful lives of , , , and years, respectively. The fair value assessed for the majority of the tangible assets acquired and liabilities assumed equaled their carrying value. Goodwill represents synergies and economies of scale expected from the combination of services. Goodwill of $ million has been allocated to the Academic & Professional Learning segment, and $ million has been allocated to the Research Publishing & Platforms segment. The incremental revenue for the three months ended July 31, 2020 related to these other acquisitions was approximately $ million On April 1, 2020, we completed the acquisition of Bio-Rad Laboratories Inc.’s Informatics products including the company’s spectroscopy software and spectral databases (“Informatics”). The results of Informatics are included in our Research Publishing & Platforms segment results. On March 2, 2020, we completed the acquisition of Madgex Holdings Limited (“Madgex”), a market-leading provider of advanced job board software and career center services. The results of Madgex are included in our Research Publishing & Platforms segment results. The allocation of the total consideration transferred to the assets acquired and the liabilities assumed for Informatics and Madgex is preliminary, and could be revised as a result of additional information obtained due to the finalization of the third-party valuation report, leases and related commitments, tax related matters and contingencies and certain assets and liabilities, including receivables and payables, but such amounts will be finalized within the measurement period, which will not exceed one year from the acquisition dates. On May 31, 2019, we completed the acquisition of certain assets of Knewton, Inc. (“Knewton”). Knewton is a provider of affordable courseware and adaptive learning technology. The results of Knewton are included in our Academic & Professional Learning segment results. The allocation of the consideration transferred to the assets acquired and the liabilities assumed for Knewton was final as of April 30, 2020. We also completed in fiscal year 2020 the acquisition of immaterial businesses, which are included in our Research Publishing & Platforms segment, immaterial business included in our Academic & Professional Learning segment results and immaterial business in our Education Services business.

Revenue Recognition, Contracts

Revenue Recognition, Contracts with Customers	3 Months Ended
	Jul. 31, 2020
Revenue Recognition, Contracts with Customers [Abstract]
Revenue Recognition, Contracts with Customers	Note 4 Revenue Recognition, Contracts with Customers Disaggregation of Revenue The following table presents our revenue from contracts with customers disaggregated by segment and product type. Three Months Ended July 31, 2020 2019 Research Publishing & Platforms: Research Publishing $ 230,464 $ 219,927 Research Platforms 10,346 9,448 Total Research Publishing & Platforms 240,810 229,375 Academic & Professional Learning: Education Publishing 64,084 65,523 Professional Learning 62,829 79,335 Total Academic & Professional Learning 126,913 144,858 Education Services: Education Services (1) 50,262 48,156 mthree (1) 13,341 1,141 Total Education Services 63,603 49,297 Total Revenue $ 431,326 $ 423,530 (1) In May 2020, we moved the IT bootcamp business acquired as part of The Learning House acquisition from Education Services to mthree. As a result, the prior period revenue related to the IT bootcamp business has been included in mthree. There were no changes to our total Education Services or our consolidated financial results. Accounts Receivable, net and Contract Liability 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, 2020 April 30, 2020 Increase/ (Decrease) Balances from contracts with customers: Accounts receivable, net $ 282,412 $ 309,384 $ (26,972 ) Contract liabilities (1) 408,954 520,214 (111,260 ) Contract liabilities (included in Other Long-Term Liabilities) $ 15,357 $ 14,949 $ 408 (1) The sales return reserve recorded in Contract Liabilities is $39.4 million and $32.8 million, as of July 31, 2020 and April 30, 2020, respectively. For the three months ended July 31, 2020, we estimate that we recognized revenue of approximately that was included in the current contract liability at April 30, 2020 . The decrease in contract liabilities as of was driven by revenue earned primarily on journal subscriptions, open access and comprehensive agreements, and test preparation and certification offerings, partially offset by renewals of journal subscription agreements, and comprehensive agreements, and the impact of foreign exchange. Remaining Performance Obligations included in Contract Liability As of July 31, 2020, the aggregate amount of the transaction price allocated to the remaining performance obligations is approximately $424.3 million, which included the sales return reserve of $39.4 million. Excluding the sales return reserve, we expect that approximately $369.5 million will be recognized in the next twelve months with the remaining $15.4 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 costs are amortized on a systematic basis that is consistent with the transfer to the customer of the goods or services to which the asset relates. These types of costs are incurred in the following revenue streams, (1) Research Platforms and (2) Education Services. Our assets associated with incremental costs to fulfill a contract were $11.6 million and $11.5 million at July 31, 2020 and April 30, 2020, respectively, and are included within Other Non-Current Assets on our Unaudited Condensed Consolidated Statements of Financial Position. We recorded amortization expense of $1.2 million and $1.0 million during the three months ended July 31, 2020 and 2019, respectively, related to these assets within Cost of Sales on our Unaudited Condensed Consolidated Statements of Income. Sales and value-added taxes are excluded from revenues. Shipping and handling costs, which are primarily incurred within the Academic & Professional Learning segment, occur before the transfer of control of the related goods. Therefore, in accordance with the 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 primarily reflected in Operating and Administrative Expenses on our Unaudited Condensed Consolidated Statements of Income. We incurred $6.7 million and $7.4 million in shipping and handling costs in the three months ended July 31, 2020 and 2019, respectively.

Operating Leases

Operating Leases	3 Months Ended
	Jul. 31, 2020
Operating Leases [Abstract]
Operating Leases	Note 5 Operating Leases We have contractual obligations as a lessee with respect to offices, warehouses and distribution centers, automobiles, and office equipment. We determine if an arrangement is a lease at inception of the contract in accordance with guidance detailed in the lease standard and we perform the lease classification test as of the lease commencement date. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The present value of the lease payments is calculated using an incremental borrowing rate, which was determined based on the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. We use an unsecured borrowing rate and risk-adjust that rate to approximate a collateralized rate. Under the leasing standard, leases that are more than one year in duration are capitalized and recorded on our Unaudited Condensed Consolidated Statements of Financial Position. Some of our leases offer an option to extend the term of such leases. We utilize the reasonably certain threshold criteria in determining which options we will exercise. Furthermore, some of our lease payments are based on index rates with minimum annual increases. These represent fixed payments and are captured in the future minimum lease payments calculation. For operating leases, the ROU assets and lease liabilities are presented on our Condensed Consolidated Statement of Financial Position as follows: July 31, 2020 April 30, 2020 Operating lease right-of-use assets $ 139,798 $ 142,716 Short-term portion of operating lease liabilities 20,647 21,810 Operating lease liabilities, non-current $ 156,644 $ 159,782 During the three months ended July 31, 2020, we added $0.3 million to the ROU assets and $0.3 million to the operating lease liabilities due to new leases as well as modifications and remeasurements to our existing operating leases. Our total net lease costs are as follows: Three Months Ended July 31, 2020 2019 Operating lease cost $ 6,635 $ 6,861 Variable lease cost 521 1,203 Short-term lease cost 88 — Sublease income (170 ) (523 ) Total net lease cost (1) $ 7,074 $ 7,541 (1) Total net lease cost does not include those costs included in Restructuring and Related Charges on our Unaudited Condensed Consolidated Statements of Income. See Note 9 , “Restructuring and Related Charges” for more information on these programs. Other supplemental information includes the following for our operating leases: Three Months Ended July 31, 2020 2019 Weighted-average remaining contractual lease term (years) 10 10 Weighted-average discount rate 5.89 % 5.82 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8,974 $ 7,300 The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in our Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2020: Fiscal Year Operating Lease Liabilities 2021 (remaining 9 months) $ 23,531 2022 27,903 2023 25,038 2024 23,526 2025 22,233 Thereafter 114,078 Total future undiscounted minimum lease payments 236,309 Less: Imputed interest 59,018 Present Value of Minimum Lease Payments 177,291 Less: Current portion 20,647 Noncurrent portion $ 156,644

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jul. 31, 2020
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 6 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, 2020 and 2019, we recognized stock-based compensation expense, on a pre-tax basis, of $4.3 million and $4.6 million, respectively. The following table summarizes restricted stock awards we granted to employees (shares in thousands): Three Months Ended July 31, 2020 2019 Restricted Stock: Awards granted 358 500 Weighted average fair value of grant $ 38.88 $ 45.31

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Jul. 31, 2020
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	Note 7 Accumulated Other Comprehensive Loss Changes in Accumulated Other Comprehensive Loss by component, net of tax, for the three months ended July 31, 2020 and 2019 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at April 30, 2020 $ (340,703 ) $ (227,920 ) $ (6,874 ) $ (575,497 ) Other comprehensive income (loss) before reclassifications 46,853 (7,190 ) (669 ) 38,994 Amounts reclassified from Accumulated Other Comprehensive Loss — 1,525 860 2,385 Total other comprehensive (loss) income 46,853 (5,665 ) 191 41,379 Balance at July 31, 2020 $ (293,850 ) $ (233,585 ) $ (6,683 ) $ (534,118 ) Balance at April 30, 2019 $ (312,107 ) $ (196,057 ) $ (574 ) $ (508,738 ) Other comprehensive (loss) income before reclassifications (35,539 ) 7,130 328 (28,081 ) Amounts reclassified from Accumulated Other Comprehensive Loss — 1,038 (243 ) 795 Total other comprehensive (loss) income (35,539 ) 8,168 85 (27,286 ) Balance at July 31, 2019 $ (347,646 ) $ (187,889 ) $ (489 ) $ (536,024 ) During the three months ended July 31, 2020 and 2019, pre-tax actuarial losses included in Unamortized Retirement Costs of approximately $1.9 million and $1.3 million, respectively, were amortized from Accumulated Other Comprehensive Loss and recognized as pension and post-retirement benefit expense primarily in Operating and Administrative Expenses and Interest and Other Income on our Unaudited Condensed Consolidated Statements of Income.

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Shares Outstanding	3 Months Ended
	Jul. 31, 2020
Reconciliation of Weighted Average Shares Outstanding [Abstract]
Reconciliation of Weighted Average Shares Outstanding	Note 8 Reconciliation of Weighted Average Shares Outstanding A reconciliation of the shares used in the computation of earnings per share follows: Three Months Ended July 31, 2020 2019 Weighted average shares outstanding 55,916 56,564 Less: Unvested restricted shares (4 ) (28 ) Shares used for basic earnings per share 55,912 56,536 Dilutive effect of unvested restricted stock units and other stock awards 281 369 Shares used for diluted earnings per share 56,193 56,905 Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 201,743 and 252,704 shares of Class A Common Stock have been excluded for the three months ended July 31, 2020 and 2019, respectively. There were no restricted shares excluded in the calculation of diluted earnings per share for the three months ended July 31, 2020 and 2019. Warrants to purchase 528,452 and 511,094 shares of Class A Common Stock have been excluded in the calculation of diluted earnings per share for the three months ended July 31, 2020 and 2019, respectively as their inclusion would have been anti-dilutive

Restructuring and Related Charg

Restructuring and Related Charges	3 Months Ended
	Jul. 31, 2020
Restructuring and Related Charges [Abstract]
Restructuring and Related Charges	Note 9 Restructuring and Related Charges Business Optimization Program Beginning in fiscal year 2020, we initiated a multi-year Business Optimization Program (the “Business Optimization Program”) to drive efficiency improvement and operating savings. The following tables summarize the pre-tax restructuring charges (credits) related to this program: Three Months Ended July 31, Total Charges 2020 2019 Incurred to Date Charges (Credits) by Segment: Research Publishing & Platforms $ (197 ) $ 2,636 $ 3,349 Academic & Professional Learning (227 ) 2,777 10,248 Education Services 139 2,192 3,913 Corporate Expenses 2,470 3,265 17,488 Total Restructuring and Related Charges $ 2,185 $ 10,870 $ 34,998 Charges by Activity: Severance and termination benefits $ 1,110 $ 10,709 $ 27,974 Operating lease right-of-use asset impairment — 161 161 Facility related charges 1,075 — 5,061 Other activities — — 1,802 Total Restructuring and Related Charges $ 2,185 $ 10,870 $ 34,998 The following table summarizes the activity for the Business Optimization Program liability for the three months ended July 31, 2020: April 30, 2020 Charges Payments Foreign Translation & Other Adjustments July 31, 2020 Severance and termination benefits $ 17,632 $ 1,110 $ (6,966 ) $ 478 $ 12,254 Other activities 430 — (206 ) (2 ) 222 Total $ 18,062 $ 1,110 $ (7,172 ) $ 476 $ 12,476 Approximately $ million of the restructuring liability for accrued severance and termination benefits is reflected in Accrued Employment Costs and approximately $ million is reflected in Other Long-Term Liabilities on our Unaudited Condensed Consolidated Statement of Financial Position. The amount included in Other Long-Term Liabilities that relates to severance and termination benefits is expected to be paid in the year ended . The restructuring liability as of July 31, 2020 for other activities is reflected in Other Accrued Liabilities on our Unaudited Condensed Consolidated Statement of Financial Position. Restructuring and Reinvestment Program Beginning in the year ended April 30, 2013, we initiated a global program (the “Restructuring and Reinvestment Program”) to restructure and realign our cost base with current and anticipated future market conditions. We are targeting a majority of the expected cost savings achieved to improve margins and earnings, while the remainder will be reinvested in high-growth digital business opportunities. The following tables summarize the pre-tax restructuring charges (credits) related to this program: Three Months Ended July 31, Total Charges 2020 2019 Incurred to Date Charges (Credits) by Segment: Research Publishing & Platforms $ — $ (16 ) $ 26,884 Academic & Professional Learning 260 28 43,094 Education Services — (103 ) 3,764 Corporate Expenses (227 ) (44 ) 95,713 Total Restructuring and Related Charges (Credits) $ 33 $ (135 ) $ 169,455 Charges (Credits) by Activity: Severance and termination benefits $ 33 $ (350 ) $ 116,042 Consulting and contract termination costs — — 20,984 Other activities — 215 32,429 Total Restructuring and Related Charges (Credits) $ 33 $ (135 ) $ 169,455 The credits in severance and termination benefits activities for the primarily reflect changes in the number of headcount reductions and estimates for previously accrued benefit costs The following table summarizes the activity for the Restructuring and Reinvestment Program liability for the three months ended July 31, 2020: April 30, 2020 Charges Payments Foreign Translation & Other Adjustments July 31, 2020 Severance and termination benefits $ 1,360 $ 33 $ (888 ) $ 62 $ 567 Other activities 230 — — 128 358 Total $ 1,590 $ 33 $ (888 ) $ 190 $ 925 The restructuring liability as of July 31, 2020 for accrued severance and termination benefits is reflected in Accrued Employment Costs on our Unaudited Condensed Consolidated Statement of Financial Position. The restructuring liability as of July 31, 2020 of $0.4 million of other activities are reflected in Other Long-Term Liabilities on our Unaudited Condensed Consolidated Statement of Financial Position and mainly relate to facility related costs. The amount included in Other Long-Term Liabilities is expected to be paid in the year ended April 30, 2022. We currently do not anticipate any further material charges related to the Restructuring and Reinvestment Program.

Segment Information

Segment Information	3 Months Ended
	Jul. 31, 2020
Segment Information [Abstract]
Segment Information	Note 10 Segment Information We report our segment information in accordance with the provisions of FASB ASC Topic 280, “Segment Reporting”. These segments reflect the way our chief operating decision maker evaluates our business performance and manages the operations. Segment information is as follows: Three Months Ended July 31, 2020 2019 Revenue: Research Publishing & Platforms $ 240,810 $ 229,375 Academic & Professional Learning 126,913 144,858 Education Services 63,603 49,297 Total Revenue $ 431,326 $ 423,530 Contribution to Profit: Research Publishing & Platforms $ 69,818 $ 55,646 Academic & Professional Learning (380 ) 4,911 Education Services 558 (7,199 ) Total Contribution to Profit 69,996 53,358 Corporate Expenses (39,957 ) (48,799 ) Operating Income $ 30,039 $ 4,559 Adjusted Contribution to Profit: (1) Research Publishing & Platforms $ 69,621 $ 58,266 Academic & Professional Learning (347 ) 7,716 Education Services 697 (5,110 ) Total Adjusted Contribution to Profit 69,971 60,872 Adjusted Corporate Expenses (37,714 ) (45,578 ) Total Adjusted Operating Income $ 32,257 $ 15,294 Depreciation and Amortization: Research Publishing & Platforms $ 19,701 $ 17,153 Academic & Professional Learning 18,804 16,524 Education Services 7,279 5,498 Total Depreciation and Amortization 45,784 39,175 Corporate Depreciation and Amortization 3,723 3,044 Total Depreciation and Amortization $ 49,507 $ 42,219 Adjusted EBITDA: (2) Research Publishing & Platforms $ 89,322 $ 75,419 Academic & Professional Learning 18,457 24,240 Education Services 7,976 388 Total Segment Adjusted EBITDA 115,755 100,047 Corporate Adjusted EBITDA (33,991 ) (42,534 ) Total Adjusted EBITDA $ 81,764 $ 57,513 (1) Adjusted Contribution to Profit is Contribution to Profit adjusted for restructuring charges (credits). See Note 9, “Restructuring and Related Charges” for these charges (credits) by segment. (2) Adjusted EBITDA is Adjusted Contribution to Profit with depreciation and amortization added back. The following table shows a reconciliation of our consolidated U.S. GAAP net income to Non-GAAP EBITDA and Adjusted EBITDA: Three Months Ended July 31, 2020 2019 Net Income $ 16,334 $ 3,624 Interest expense 4,614 6,077 Provision for income taxes 13,400 343 Depreciation and amortization 49,507 42,219 Non-GAAP EBITDA $ 83,855 $ 52,263 Restructuring and related charges 2,218 10,735 Foreign exchange transaction losses (gains) 82 (2,652 ) Interest and other income (4,391 ) (2,833 ) Non-GAAP Adjusted EBITDA $ 81,764 $ 57,513

Inventories

Inventories	3 Months Ended
	Jul. 31, 2020
Inventories [Abstract]
Inventories	Note 11 Inventories Inventories, net consisted of the following: July 31, 2020 April 30, 2020 Finished Goods $ 34,975 $ 36,014 Work-in-Process 1,688 1,398 Paper and Other Materials 312 331 Total Inventories Before Estimated Sales Returns and LIFO Reserve $ 36,975 $ 37,743 Inventory Value of Estimated Sales Returns 10,967 8,686 LIFO Reserve (2,891 ) (2,815 ) Total Inventories $ 45,051 $ 43,614

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Jul. 31, 2020
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	Note 12 Goodwill and Intangible Assets Goodwill The following table summarizes the activity in goodwill by segment as of July 31, 2020: April 30, 2020 Acquisitions (1) Foreign Translation Adjustment July 31, 2020 Research Publishing & Platforms $ 448,130 $ (11,212 ) $ 15,490 $ 452,408 Academic & Professional Learning 501,091 — 8,794 509,885 Education Services 167,569 — 3,748 171,317 Total $ 1,116,790 $ (11,212 ) $ 28,032 $ 1,133,610 (1) Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in fiscal year 2020, and the revisions that were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed during the three months ended July 31, 2020. Intangible Assets Intangible assets, net were as follows: July 31, 2020 April 30, 2020 Intangible Assets with Definite Lives, net: Content and Publishing Rights (1) $ 366,888 $ 362,106 Customer Relationships (1) 284,433 290,418 Developed Technology (1) 28,734 13,111 Brands and Trademarks (1) 20,371 20,188 Covenants not to Compete 197 246 Total 700,623 686,069 Intangible Assets with Indefinite Lives: Brands and Trademarks 37,000 37,000 Publishing Rights 91,608 84,336 Total 128,608 121,336 Total Intangible Assets, Net $ 829,231 $ 807,405 (1) Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in fiscal year 2020 and the revisions that were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed during the three months ended July 31, 2020.

Income Taxes

Income Taxes	3 Months Ended
	Jul. 31, 2020
Income Taxes [Abstract]
Income Taxes	Note 13 Income Taxes The effective tax rate for the three months ended July 31, 2020 was 45.1% compared to 8.6% for the three months ended July 31, 2019. The rate for the three months ended July 31, 2020 was greater than the rate for the corresponding prior period due to an increase in the UK statutory rate discussed below and a $0.5 million discrete item relating to compensation deductions from restricted stock which vested at lower values than the values at time of grant. During the first quarter of fiscal 2021, the U.K. officially enacted legislation that increased its statutory rate from 17% to 19%. This resulted in a $6.7 million non-cash deferred tax expense from the re-measurement of our applicable U.K. net deferred tax liabilities.

Retirement Plans

Retirement Plans	3 Months Ended
	Jul. 31, 2020
Retirement Plans [Abstract]
Retirement Plans	Note 14 Retirement Plans The components of net pension income for the defined benefit plans were as follows: Three Months Ended July 31, 2020 2019 Service cost $ 333 $ 224 Interest cost 4,521 5,834 Expected return on plan assets (9,378 ) (10,059 ) Amortization of prior service cost (25 ) (19 ) Amortization of net actuarial loss 1,987 1,600 Net pension income $ (2,562 ) $ (2,420 ) The service cost component of net pension income is reflected in Operating and Administrative Expenses on our Unaudited Condensed Consolidated Statements of Income. The other components of net benefit costs are reported separately from the service cost component and below Operating Income. Such amounts are reflected in Interest and Other Income on our Unaudited Condensed Consolidated Statements of Income. Employer defined benefit pension plan contributions were $5.1 million and $4.7 million for the three months ended July 31, 2020 and 2019, respectively. Defined Contribution Savings Plans The expense for employer defined contribution savings plans was $6.6 million and $4.3 million for the three months ended July 31, 2020 and 2019, respectively.

Debt and Available Credit Facil

Debt and Available Credit Facilities	3 Months Ended
	Jul. 31, 2020
Debt and Available Credit Facilities [Abstract]
Debt and Available Credit Facilities	Note 15 Debt and Available Credit Facilities Our total debt outstanding consisted of the amounts set forth in the following table: July 31, 2020 April 30, 2020 Short-term portion of long-term debt (1) $ 10,938 $ 9,375 Term loan A - Amended and Restated RCA (2) 232,179 235,263 Revolving credit facility - Amended and Restated RCA 603,584 530,387 Total long-term debt, less current portion 835,763 765,650 Total Debt $ 846,701 $ 775,025 (1) Relates to our term loan A under the Amended and Restated RCA. (2) Amounts are shown net of unamortized issuance costs of $0.6 million as of July 31, 2020 and $0.7 million as of April 30, 2020. Amended and Restated RCA On May 30, 2019, we entered into a credit agreement that amended and restated our existing revolving credit agreement (“Amended and Restated RCA”). The Amended and Restated RCA provides for senior unsecured credit facilities comprised of a (i) five-year revolving credit facility in an aggregate principal amount up to $1.25 billion, and (ii) a five-year term loan A facility consisting of $250 million. Under the terms of the Amended and Restated RCA, which can be drawn in multiple currencies, we have the option of borrowing at the following floating interest rates: (i) at a rate based on the London Interbank Offered Rate (“LIBOR”) plus an applicable margin ranging from 0.98% to 1.50%, depending on our consolidated net leverage ratio, as defined, or (ii) at the lender’s base rate plus an applicable margin ranging from zero The Amended and Restated RCA In the three months ended July 31, 2019, we incurred an immaterial loss on the write-off of unamortized deferred costs in connection with the refinancing of our revolving credit agreement at that time which is reflected in Interest and Other Income on our Unaudited Condensed Consolidated Statements of Income for the three months ended July 31, 2019. In the three months ended July 31, 2019, we incurred $4.0 million of costs related to the Amended and Restated RCA which resulted in total costs capitalized of $5.2 million. The amount related to the term loan A facility was $0.9 million, consisting of $0.8 million of lender fees and recorded as a reduction to Long-Term Debt and $0.1 million of non-lender fees included in Other Non-Current Assets on our Unaudited Condensed Consolidated Statement of Financial Position. The amount related to the five-year revolving credit facility was $4.3 million, all of which is included in Other Non-Current Assets on our Unaudited Condensed Consolidated Statement of Financial Position. The amortization expense of the lender and non-lender fees is recognized over the five-year term of the Amended and Restated RCA. Total amortization expense in the three months ended July 31, 2020 and 2019 was $0.3 million and $0.2 million respectively, and is included in Interest Expense on our Unaudited Condensed Consolidated Statement of Income.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Jul. 31, 2020
Derivative Instruments and Hedging Activities [Abstract]
Derivative Instruments and Hedging Activities	Note 16 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 Unaudited Condensed Consolidated Statements of Financial Position. 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 As of July 31, 2020, we had total debt outstanding of $846.7 million, net of unamortized issuance costs of $0.6 million of which $847.3 million are variable rate loans outstanding under the Amended and Restated RCA, which approximated fair value. We had outstanding interest rate swap agreements with combined notional amounts of $300.0 million as of July 31, 2020 and April 30, 2020. These agreements were accounted for as cash flow hedges which fixed a portion of the variable interest due on our Amended and Restated RCA 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, 2020 and April 30, 2020 was a deferred loss of $8.2 million and $8.3 million, respectively. Based on the maturity dates of the contracts, the entire deferred loss as of July 31, 2020 and April 30, 2020 was recorded within Other Long-Term Liabilities 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 on our Unaudited Condensed Consolidated Statements of Income and carried at their fair value on our Unaudited 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 on our Unaudited Condensed Consolidated Statements of Income. As of July 31, 2020, and April 30, 2020, we did not maintain any open forward exchange contracts. In addition, we did not maintain any open forward contracts during the three months ended July 31, 2020 and 2019.

Capital Stock and Changes in Ca

Capital Stock and Changes in Capital Accounts	3 Months Ended
	Jul. 31, 2020
Capital Stock and Changes in Capital Accounts [Abstract]
Capital Stock and Changes in Capital Accounts	Note 17 Capital Stock and Changes in Capital Accounts Share Repurchases The following table summarizes the shares repurchased of Class A Common Stock for the three months ended July 31, 2019. There were no share repurchases during the three months ended July 31, 2020. Three Months Ended July 31, 2019 Shares Repurchased 217,511 Average Price $ 45.97 Dividends The following table summarizes the cash dividends paid during the three months ended July 31, 2020: Date of Declaration by Board of Directors Quarterly Cash Dividend Total Dividend Class of Common Stock Dividend Paid Date Shareholders of Record as of Date June 25, 2020 $0.3425 per common share $19.2 million Class A and Class B July 22, 2020 July 7, 2020 Changes in Common Stock The following is a summary of changes during the three months ended July 31, in shares of our common stock and common stock in treasury (shares in thousands): Changes in Common Stock A: 2020 2019 Number of shares, beginning of year 70,166 70,127 Common stock class conversions 11 12 Number of shares issued, end of period 70,177 70,139 Changes in Common Stock A in treasury: Number of shares held, beginning of year 23,405 22,634 Purchase of treasury shares — 218 Restricted shares issued under stock-based compensation plans - non-PSU Awards (94 ) (36 ) Restricted shares issued under stock-based compensation plans - PSU Awards (86 ) (43 ) Restricted shares, forfeited — 1 Restricted shares issued from exercise of stock options (33 ) (12 ) Shares withheld for taxes 67 33 Number of shares held, end of period 23,259 22,795 Number of Common Stock A outstanding, end of period 46,918 47,344 Changes in Common Stock B: 2020 2019 Number of shares, beginning of year 13,016 13,055 Common stock class conversions (11 ) (12 ) Number of shares issued, end of period 13,005 13,043 Changes in Common Stock B in treasury: Number of shares held, beginning of year 3,920 3,918 Number of shares held, end of period 3,920 3,918 Number of Common Stock B outstanding, end of period 9,085 9,125

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jul. 31, 2020
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 18 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, 2020, will not have a material effect upon our Unaudited Condensed Consolidated Statements of Financial Position or Unaudited Condensed Consolidated Statements of Income.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Jul. 31, 2020
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 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 Unaudited 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 consolidated financial statements included in our Form 10-K for the fiscal year ended April 30, 2020 as filed with the SEC on June 26, 2020 (“2020 Form 10-K”). Our Unaudited 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 U.S. GAAP have been condensed or omitted. The preparation of our Unaudited 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 the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the 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
	Jul. 31, 2020
Recent Accounting Standards [Abstract]
Recently Adopted and Issued Accounting Standards	Recently Adopted Accounting Standards Intangibles-Goodwill and Other-Internal-Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract 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. We adopted ASU 2018-15 on May 1, 2020 on a prospective basis. There was no impact to our consolidated financial statements at the date of adoption. Changes to the Disclosure Requirements for Fair Value Measurement 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, modifies and added disclosures. We adopted ASU 2018-13 on May 1, 2020. There was no impact to our consolidated financial statements at the date of adoption. Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments.” Subsequently, in May 2019, the FASB issued ASU 2019-05 - "Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief”, in April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” in November 2018, the FASB issued ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” in November 2019, the FASB issued ASU 2019-11, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” and in February 2020, the FASB issued ASU 2020-02, “Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842)—Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842) (SEC Update)”. 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. ASU 2016-13, ASU 2019-05, ASU 2019-04, ASU 2018-19, ASU 2019-11 and ASU 2020-02 were effective for us on May 1, 2020, including interim periods within those fiscal periods, with early adoption permitted. We adopted the new standard on May 1, 2020, with a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption. Based on financial instruments currently held by us, the adoption of ASU 2016-13 primarily impacted our trade receivables, specifically our allowance for doubtful accounts. The adoption of the standard did not have an impact on our , or our Unaudited Condensed Consolidated Statements of Cash Flows. See the table below for further details on the immaterial impact to our Unaudited Condensed Consolidated Statements of Financial Position and Unaudited Condensed Consolidated Statements of Shareholders’ Equity. We are exposed to credit losses through our accounts receivable with customers. Accounts Receivable, net is stated at amortized cost net of provision for credit losses. Our methodology to measure the provision for credit losses requires an estimation of loss rates based upon historical loss experience adjusted for factors that are relevant to determining the expected collectability of accounts receivable including the impact of COVID-19, delinquency trends, aging behavior of receivables, credit and liquidity indicators for industry groups, customer classes or individual customers is reviewed and revised periodically. Our accounts receivable is evaluated on a pool basis that is based on customer groups with similar risk characteristics. This includes consideration of the following factors to develop these pools; size of the customer, industry, geographical location, historical risk and types of services or products sold. Our customer’s ability to pay is assessed through our internal credit review processes. Based on the dollar value of credit extended, we assess our customers' credit by reviewing the total expected receivable exposure, expected timing of payments and the customer’s established credit rating. In determining customer creditworthiness, we assess our customers' credit utilizing different resources including external credit validations and/or our own assessment through analysis of the customers' financial statements and review of trade/bank references. We also consider contract terms and conditions, country and political risk, and the customer's mix of products purchased in our evaluation. A credit limit is established for each customer based on the outcome of this review. Credit limits are periodically reviewed for existing customers and whenever an increase in the credit limit is being considered. When necessary, we utilize collection agencies and legal counsel to pursue recovery of defaulted receivables. The following table presents the change in provision for credit losses, which is presented net in Accounts Receivable on our Unaudited Condensed Consolidated Statements of Financial Position for the period indicated: Provision for Credit Losses Balance as of April 30, 2020 $ 18,335 Adjustment due to adoption of new credit losses standard recorded as an adjustment to retained earnings 1,776 Current period provision 2,678 Amounts written off, less recoveries (1,327 ) Foreign exchange translation adjustments and other (1,398 ) Balance as of July 31, 2020 $ 20,064 Recently Issued Accounting Standards In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40)”. This ASU reduces the number of accounting models for convertible debt instruments and convertible preferred stock. As well as amend the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. In addition, this ASU improves and amends the related EPS guidance. This standard is effective for us on May 1, 2022, including interim periods within those fiscal years. Adoption is either a modified retrospective method or a fully retrospective method of transition. We are currently assessing the impact the new guidance will have on our consolidated financial statements. Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This ASU provides optional guidance for a limited period of time to ease the burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. This would apply to companies meeting certain criteria that have contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. This standard is effective for us immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. We are currently assessing the impact the new guidance will have on our consolidated financial statements. Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” This ASU is intended to simplify various aspects related to accounting for income taxes, eliminates certain exceptions within Topic 740, “Income Taxes” and clarifies certain aspects of the current guidance to promote consistent application. The standard is effective for us on May 1, 2021, and early adoption is permitted in any interim period for which financial statements have not yet been issued. We are currently assessing the impact the new guidance will have on our consolidated financial statements. Changes to the Disclosure Requirements for Defined Benefit Plans 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.

Recent Accounting Standards (Ta

Recent Accounting Standards (Tables)	3 Months Ended
	Jul. 31, 2020
Recent Accounting Standards [Abstract]
Change in Provision for Credit Losses	The following table presents the change in provision for credit losses, which is presented net in Accounts Receivable on our Unaudited Condensed Consolidated Statements of Financial Position for the period indicated: Provision for Credit Losses Balance as of April 30, 2020 $ 18,335 Adjustment due to adoption of new credit losses standard recorded as an adjustment to retained earnings 1,776 Current period provision 2,678 Amounts written off, less recoveries (1,327 ) Foreign exchange translation adjustments and other (1,398 ) Balance as of July 31, 2020 $ 20,064

Revenue Recognition, Contract_2

Revenue Recognition, Contracts with Customers (Tables)	3 Months Ended
	Jul. 31, 2020
Revenue Recognition, Contracts with Customers [Abstract]
Revenue from Contracts With Customers Disaggregated by Segment and Product Type	The following table presents our revenue from contracts with customers disaggregated by segment and product type. Three Months Ended July 31, 2020 2019 Research Publishing & Platforms: Research Publishing $ 230,464 $ 219,927 Research Platforms 10,346 9,448 Total Research Publishing & Platforms 240,810 229,375 Academic & Professional Learning: Education Publishing 64,084 65,523 Professional Learning 62,829 79,335 Total Academic & Professional Learning 126,913 144,858 Education Services: Education Services (1) 50,262 48,156 mthree (1) 13,341 1,141 Total Education Services 63,603 49,297 Total Revenue $ 431,326 $ 423,530 (1) In May 2020, we moved the IT bootcamp business acquired as part of The Learning House acquisition from Education Services to mthree. As a result, the prior period revenue related to the IT bootcamp business has been included in mthree. There were no changes to our total Education Services or our consolidated financial results.
Receivables and Contract Liabilities from Contracts with Customers	The following table provides information about receivables and contract liabilities from contracts with customers. July 31, 2020 April 30, 2020 Increase/ (Decrease) Balances from contracts with customers: Accounts receivable, net $ 282,412 $ 309,384 $ (26,972 ) Contract liabilities (1) 408,954 520,214 (111,260 ) Contract liabilities (included in Other Long-Term Liabilities) $ 15,357 $ 14,949 $ 408 (1) The sales return reserve recorded in Contract Liabilities is $39.4 million and $32.8 million, as of July 31, 2020 and April 30, 2020, respectively.

Operating Leases (Tables)

Operating Leases (Tables)	3 Months Ended
	Jul. 31, 2020
Operating Leases [Abstract]
ROU Assets and Lease Liabilities	For operating leases, the ROU assets and lease liabilities are presented on our Condensed Consolidated Statement of Financial Position as follows: July 31, 2020 April 30, 2020 Operating lease right-of-use assets $ 139,798 $ 142,716 Short-term portion of operating lease liabilities 20,647 21,810 Operating lease liabilities, non-current $ 156,644 $ 159,782
Total Net Lease Costs	Our total net lease costs are as follows: Three Months Ended July 31, 2020 2019 Operating lease cost $ 6,635 $ 6,861 Variable lease cost 521 1,203 Short-term lease cost 88 — Sublease income (170 ) (523 ) Total net lease cost (1) $ 7,074 $ 7,541 (1) Total net lease cost does not include those costs included in Restructuring and Related Charges on our Unaudited Condensed Consolidated Statements of Income. See Note 9 , “Restructuring and Related Charges” for more information on these programs.
Other Supplemental Information for Operating Leases	Other supplemental information includes the following for our operating leases: Three Months Ended July 31, 2020 2019 Weighted-average remaining contractual lease term (years) 10 10 Weighted-average discount rate 5.89 % 5.82 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8,974 $ 7,300
Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities	The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in our Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2020: Fiscal Year Operating Lease Liabilities 2021 (remaining 9 months) $ 23,531 2022 27,903 2023 25,038 2024 23,526 2025 22,233 Thereafter 114,078 Total future undiscounted minimum lease payments 236,309 Less: Imputed interest 59,018 Present Value of Minimum Lease Payments 177,291 Less: Current portion 20,647 Noncurrent portion $ 156,644

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Jul. 31, 2020
Stock-Based Compensation [Abstract]
Restricted Stock Awards Granted to Employees	The following table summarizes restricted stock awards we granted to employees (shares in thousands): Three Months Ended July 31, 2020 2019 Restricted Stock: Awards granted 358 500 Weighted average fair value of grant $ 38.88 $ 45.31

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Jul. 31, 2020
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, 2020 and 2019 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at April 30, 2020 $ (340,703 ) $ (227,920 ) $ (6,874 ) $ (575,497 ) Other comprehensive income (loss) before reclassifications 46,853 (7,190 ) (669 ) 38,994 Amounts reclassified from Accumulated Other Comprehensive Loss — 1,525 860 2,385 Total other comprehensive (loss) income 46,853 (5,665 ) 191 41,379 Balance at July 31, 2020 $ (293,850 ) $ (233,585 ) $ (6,683 ) $ (534,118 ) Balance at April 30, 2019 $ (312,107 ) $ (196,057 ) $ (574 ) $ (508,738 ) Other comprehensive (loss) income before reclassifications (35,539 ) 7,130 328 (28,081 ) Amounts reclassified from Accumulated Other Comprehensive Loss — 1,038 (243 ) 795 Total other comprehensive (loss) income (35,539 ) 8,168 85 (27,286 ) Balance at July 31, 2019 $ (347,646 ) $ (187,889 ) $ (489 ) $ (536,024 )

Reconciliation of Weighted Av_2

Reconciliation of Weighted Average Shares Outstanding (Tables)	3 Months Ended
	Jul. 31, 2020
Reconciliation of Weighted Average Shares Outstanding [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, 2020 2019 Weighted average shares outstanding 55,916 56,564 Less: Unvested restricted shares (4 ) (28 ) Shares used for basic earnings per share 55,912 56,536 Dilutive effect of unvested restricted stock units and other stock awards 281 369 Shares used for diluted earnings per share 56,193 56,905

Restructuring and Related Cha_2

Restructuring and Related Charges (Tables)	3 Months Ended
	Jul. 31, 2020
Business Optimization Program [Member]
Restructuring Cost and Reserve [Line Items]
Pre-tax Restructuring (Credits) Charges	The following tables summarize the pre-tax restructuring charges (credits) related to this program: Three Months Ended July 31, Total Charges 2020 2019 Incurred to Date Charges (Credits) by Segment: Research Publishing & Platforms $ (197 ) $ 2,636 $ 3,349 Academic & Professional Learning (227 ) 2,777 10,248 Education Services 139 2,192 3,913 Corporate Expenses 2,470 3,265 17,488 Total Restructuring and Related Charges $ 2,185 $ 10,870 $ 34,998 Charges by Activity: Severance and termination benefits $ 1,110 $ 10,709 $ 27,974 Operating lease right-of-use asset impairment — 161 161 Facility related charges 1,075 — 5,061 Other activities — — 1,802 Total Restructuring and Related Charges $ 2,185 $ 10,870 $ 34,998
Activity for Restructuring Program Liability	The following table summarizes the activity for the Business Optimization Program liability for the three months ended July 31, 2020: April 30, 2020 Charges Payments Foreign Translation & Other Adjustments July 31, 2020 Severance and termination benefits $ 17,632 $ 1,110 $ (6,966 ) $ 478 $ 12,254 Other activities 430 — (206 ) (2 ) 222 Total $ 18,062 $ 1,110 $ (7,172 ) $ 476 $ 12,476
Restructuring and Reinvestment Program [Member]
Restructuring Cost and Reserve [Line Items]
Pre-tax Restructuring (Credits) Charges	The following tables summarize the pre-tax restructuring charges (credits) related to this program: Three Months Ended July 31, Total Charges 2020 2019 Incurred to Date Charges (Credits) by Segment: Research Publishing & Platforms $ — $ (16 ) $ 26,884 Academic & Professional Learning 260 28 43,094 Education Services — (103 ) 3,764 Corporate Expenses (227 ) (44 ) 95,713 Total Restructuring and Related Charges (Credits) $ 33 $ (135 ) $ 169,455 Charges (Credits) by Activity: Severance and termination benefits $ 33 $ (350 ) $ 116,042 Consulting and contract termination costs — — 20,984 Other activities — 215 32,429 Total Restructuring and Related Charges (Credits) $ 33 $ (135 ) $ 169,455
Activity for Restructuring Program Liability	The following table summarizes the activity for the Restructuring and Reinvestment Program liability for the three months ended July 31, 2020: April 30, 2020 Charges Payments Foreign Translation & Other Adjustments July 31, 2020 Severance and termination benefits $ 1,360 $ 33 $ (888 ) $ 62 $ 567 Other activities 230 — — 128 358 Total $ 1,590 $ 33 $ (888 ) $ 190 $ 925

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jul. 31, 2020
Segment Information [Abstract]
Segment Information	Segment information is as follows: Three Months Ended July 31, 2020 2019 Revenue: Research Publishing & Platforms $ 240,810 $ 229,375 Academic & Professional Learning 126,913 144,858 Education Services 63,603 49,297 Total Revenue $ 431,326 $ 423,530 Contribution to Profit: Research Publishing & Platforms $ 69,818 $ 55,646 Academic & Professional Learning (380 ) 4,911 Education Services 558 (7,199 ) Total Contribution to Profit 69,996 53,358 Corporate Expenses (39,957 ) (48,799 ) Operating Income $ 30,039 $ 4,559 Adjusted Contribution to Profit: (1) Research Publishing & Platforms $ 69,621 $ 58,266 Academic & Professional Learning (347 ) 7,716 Education Services 697 (5,110 ) Total Adjusted Contribution to Profit 69,971 60,872 Adjusted Corporate Expenses (37,714 ) (45,578 ) Total Adjusted Operating Income $ 32,257 $ 15,294 Depreciation and Amortization: Research Publishing & Platforms $ 19,701 $ 17,153 Academic & Professional Learning 18,804 16,524 Education Services 7,279 5,498 Total Depreciation and Amortization 45,784 39,175 Corporate Depreciation and Amortization 3,723 3,044 Total Depreciation and Amortization $ 49,507 $ 42,219 Adjusted EBITDA: (2) Research Publishing & Platforms $ 89,322 $ 75,419 Academic & Professional Learning 18,457 24,240 Education Services 7,976 388 Total Segment Adjusted EBITDA 115,755 100,047 Corporate Adjusted EBITDA (33,991 ) (42,534 ) Total Adjusted EBITDA $ 81,764 $ 57,513 (1) Adjusted Contribution to Profit is Contribution to Profit adjusted for restructuring charges (credits). See Note 9, “Restructuring and Related Charges” for these charges (credits) by segment. (2) Adjusted EBITDA is Adjusted Contribution to Profit with depreciation and amortization added back.
Reconciliation of GAAP Net Income to Non-GAAP EBITDA and Adjusted EBITDA	The following table shows a reconciliation of our consolidated U.S. GAAP net income to Non-GAAP EBITDA and Adjusted EBITDA: Three Months Ended July 31, 2020 2019 Net Income $ 16,334 $ 3,624 Interest expense 4,614 6,077 Provision for income taxes 13,400 343 Depreciation and amortization 49,507 42,219 Non-GAAP EBITDA $ 83,855 $ 52,263 Restructuring and related charges 2,218 10,735 Foreign exchange transaction losses (gains) 82 (2,652 ) Interest and other income (4,391 ) (2,833 ) Non-GAAP Adjusted EBITDA $ 81,764 $ 57,513

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jul. 31, 2020
Inventories [Abstract]
Inventories	Inventories, net consisted of the following: July 31, 2020 April 30, 2020 Finished Goods $ 34,975 $ 36,014 Work-in-Process 1,688 1,398 Paper and Other Materials 312 331 Total Inventories Before Estimated Sales Returns and LIFO Reserve $ 36,975 $ 37,743 Inventory Value of Estimated Sales Returns 10,967 8,686 LIFO Reserve (2,891 ) (2,815 ) Total Inventories $ 45,051 $ 43,614

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jul. 31, 2020
Goodwill and Intangible Assets [Abstract]
Activity in Goodwill by Segment	The following table summarizes the activity in goodwill by segment as of July 31, 2020: April 30, 2020 Acquisitions (1) Foreign Translation Adjustment July 31, 2020 Research Publishing & Platforms $ 448,130 $ (11,212 ) $ 15,490 $ 452,408 Academic & Professional Learning 501,091 — 8,794 509,885 Education Services 167,569 — 3,748 171,317 Total $ 1,116,790 $ (11,212 ) $ 28,032 $ 1,133,610 (1) Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in fiscal year 2020, and the revisions that were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed during the three months ended July 31, 2020.
Intangible Assets, Net	Intangible assets, net were as follows: July 31, 2020 April 30, 2020 Intangible Assets with Definite Lives, net: Content and Publishing Rights (1) $ 366,888 $ 362,106 Customer Relationships (1) 284,433 290,418 Developed Technology (1) 28,734 13,111 Brands and Trademarks (1) 20,371 20,188 Covenants not to Compete 197 246 Total 700,623 686,069 Intangible Assets with Indefinite Lives: Brands and Trademarks 37,000 37,000 Publishing Rights 91,608 84,336 Total 128,608 121,336 Total Intangible Assets, Net $ 829,231 $ 807,405 (1) Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in fiscal year 2020 and the revisions that were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed during the three months ended July 31, 2020.

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Jul. 31, 2020
Retirement Plans [Abstract]
Components of Net Periodic Pension Income for Defined Benefit Plans	The components of net pension income for the defined benefit plans were as follows: Three Months Ended July 31, 2020 2019 Service cost $ 333 $ 224 Interest cost 4,521 5,834 Expected return on plan assets (9,378 ) (10,059 ) Amortization of prior service cost (25 ) (19 ) Amortization of net actuarial loss 1,987 1,600 Net pension income $ (2,562 ) $ (2,420 )

Debt and Available Credit Fac_2

Debt and Available Credit Facilities (Tables)	3 Months Ended
	Jul. 31, 2020
Debt and Available Credit Facilities [Abstract]
Total Debt Outstanding	Our total debt outstanding consisted of the amounts set forth in the following table: July 31, 2020 April 30, 2020 Short-term portion of long-term debt (1) $ 10,938 $ 9,375 Term loan A - Amended and Restated RCA (2) 232,179 235,263 Revolving credit facility - Amended and Restated RCA 603,584 530,387 Total long-term debt, less current portion 835,763 765,650 Total Debt $ 846,701 $ 775,025 (1) Relates to our term loan A under the Amended and Restated RCA. (2) Amounts are shown net of unamortized issuance costs of $0.6 million as of July 31, 2020 and $0.7 million as of April 30, 2020.

Capital Stock and Changes in _2

Capital Stock and Changes in Capital Accounts (Tables)	3 Months Ended
	Jul. 31, 2020
Capital Stock and Changes in Capital Accounts [Abstract]
Summary of Shares Repurchased	The following table summarizes the shares repurchased of Class A Common Stock for the three months ended July 31, 2019. There were no share repurchases during the three months ended July 31, 2020. Three Months Ended July 31, 2019 Shares Repurchased 217,511 Average Price $ 45.97
Summary of Cash Dividends	The following table summarizes the cash dividends paid during the three months ended July 31, 2020: Date of Declaration by Board of Directors Quarterly Cash Dividend Total Dividend Class of Common Stock Dividend Paid Date Shareholders of Record as of Date June 25, 2020 $0.3425 per common share $19.2 million Class A and Class B July 22, 2020 July 7, 2020
Summary of Changes of Common Stock and Common Stock in Treasury	The following is a summary of changes during the three months ended July 31, in shares of our common stock and common stock in treasury (shares in thousands): Changes in Common Stock A: 2020 2019 Number of shares, beginning of year 70,166 70,127 Common stock class conversions 11 12 Number of shares issued, end of period 70,177 70,139 Changes in Common Stock A in treasury: Number of shares held, beginning of year 23,405 22,634 Purchase of treasury shares — 218 Restricted shares issued under stock-based compensation plans - non-PSU Awards (94 ) (36 ) Restricted shares issued under stock-based compensation plans - PSU Awards (86 ) (43 ) Restricted shares, forfeited — 1 Restricted shares issued from exercise of stock options (33 ) (12 ) Shares withheld for taxes 67 33 Number of shares held, end of period 23,259 22,795 Number of Common Stock A outstanding, end of period 46,918 47,344 Changes in Common Stock B: 2020 2019 Number of shares, beginning of year 13,016 13,055 Common stock class conversions (11 ) (12 ) Number of shares issued, end of period 13,005 13,043 Changes in Common Stock B in treasury: Number of shares held, beginning of year 3,920 3,918 Number of shares held, end of period 3,920 3,918 Number of Common Stock B outstanding, end of period 9,085 9,125

Recent Accounting Standards (De

Recent Accounting Standards (Details) - ASU 2016-13 [Member] $ in Thousands	3 Months Ended
	Jul. 31, 2020USD ($)
Change in Provision for Credit Losses [Roll Forward]
Balance, beginning of period	$ 18,335
Current period provision	2,678
Amounts written off, less recoveries	(1,327)
Foreign exchange translation adjustments and other	(1,398)
Balance, end of period	20,064
Cumulative Effect, Period of Adoption, Adjustment [Member]
Change in Provision for Credit Losses [Roll Forward]
Balance, beginning of period	$ 1,776

Acquisitions (Details)

Acquisitions (Details) $ in Thousands, € in Millions	Jan. 01, 2020USD ($)	Jan. 01, 2020EUR (€)	Jul. 01, 2019USD ($)	Jul. 31, 2020USD ($)Business	Apr. 30, 2020USD ($)	Jul. 31, 2019USD ($)
Acquisitions [Abstract]
Fair value of cash consideration transferred, including those amounts paid after acquisition, net of cash acquired				$ 136		$ 73,209
Revenue				431,326		423,530
Assets [Abstract]
Goodwill				1,133,610	$ 1,116,790
Research Publishing & Platforms [Member]
Acquisitions [Abstract]
Revenue				240,810		229,375
Assets [Abstract]
Goodwill				452,408	448,130
Academic & Professional Learning [Member]
Acquisitions [Abstract]
Revenue				126,913		144,858
Assets [Abstract]
Goodwill				509,885	501,091
Education Services [Member]
Acquisitions [Abstract]
Revenue				63,603		$ 49,297
Assets [Abstract]
Goodwill				171,317	167,569
Mthree [Member]
Acquisitions [Abstract]
Percentage of ownership interest acquired	100.00%
Fair value of consideration transferred	$ 128,600	€ 97.5
Total cash consideration transferred at the acquisition date	122,200
Fair value of additional consideration to be paid after the acquisition date	6,400
Cash acquired	2,200
Fair value of cash consideration transferred, including those amounts paid after acquisition, net of cash acquired	126,400
Assets [Abstract]
Intangible Assets, net	56,800
Mthree [Member] | Education Services [Member]
Acquisitions [Abstract]
Revenue				12,400
Assets [Abstract]
Goodwill	$ 82,600
zybooks [Member]
Acquisitions [Abstract]
Total cash consideration transferred at the acquisition date			$ 55,900
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Identifiable intangible assets acquired					24,500
zybooks [Member] | Academic & Professional Learning [Member]
Acquisitions [Abstract]
Fair value of consideration transferred			57,100
Total cash consideration transferred at the acquisition date			100
Fair value of additional consideration to be paid after the acquisition date			$ 1,200
Revenue				1,300
Assets [Abstract]
Goodwill					$ 36,900
Other Acquisitions [Member]
Acquisitions [Abstract]
Fair value of consideration transferred				11,700
Fair value of cash consideration transferred, including those amounts paid after acquisition, net of cash acquired				48,500
Revenue				2,300
Assets [Abstract]
Goodwill				16,600
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Identifiable intangible assets acquired				39,400
Other Acquisitions [Member] | Research Publishing & Platforms [Member]
Assets [Abstract]
Goodwill				$ 8,100
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Number of immaterial businesses acquired | Business				2
Other Acquisitions [Member] | Academic & Professional Learning [Member]
Assets [Abstract]
Goodwill				$ 8,500
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Number of immaterial businesses acquired | Business				1
Other Acquisitions [Member] | Education Services [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Number of immaterial businesses acquired | Business				1
Other Acquisitions [Member] | Customer Relationships [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Weighted-average useful life				7 years
Other Acquisitions [Member] | Developed Technology [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Weighted-average useful life				8 years
Other Acquisitions [Member] | Content [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Weighted-average useful life				10 years
Other Acquisitions [Member] | Trademarks [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Weighted-average useful life				10 years

Revenue Recognition, Contract_3

Revenue Recognition, Contracts with Customers, Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2020	Jul. 31, 2019
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		$ 431,326	$ 423,530
Research Publishing & Platforms [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		240,810	229,375
Research Publishing & Platforms [Member] | Research Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		230,464	219,927
Research Publishing & Platforms [Member] | Research Platforms [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		10,346	9,448
Academic & Professional Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		126,913	144,858
Academic & Professional Learning [Member] | Education Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		64,084	65,523
Academic & Professional Learning [Member] | Professional Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		62,829	79,335
Education Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		63,603	49,297
Education Services [Member] | Education Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[1]	50,262	48,156
Education Services [Member] | Mthree [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[1]	13,341	1,141
Operating Segments [Member] | Research Publishing & Platforms [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		240,810	229,375
Operating Segments [Member] | Academic & Professional Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		126,913	144,858
Operating Segments [Member] | Education Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		$ 63,603	$ 49,297
[1]	In May 2020, we moved the IT bootcamp business acquired as part of The Learning House acquisition from Education Services to mthree. As a result, the prior period revenue related to the IT bootcamp business has been included in mthree. There were no changes to our total Education Services or our consolidated financial results. In May 2020, we moved the IT bootcamp business acquired as part of The Learning House acquisition from Education Services to mthree. As a result, the prior period revenue related to the IT bootcamp business has been included in mthree. There were no changes to our total Education Services or our consolidated financial results.

Revenue Recognition, Contract_4

Revenue Recognition, Contracts with Customers, Accounts Receivable, net and Contract Liability Balances (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2020	Apr. 30, 2020
Balances from contracts with customers [Abstract]
Accounts receivable, net		$ 282,412	$ 309,384
Contract liabilities	[1]	408,954	520,214
Contract liabilities (included in Other Long-Term Liabilities)		15,357	14,949
Increase/(decrease) [Abstract]
Accounts receivable, net		(26,972)
Contract liabilities	[1]	(111,260)
Contract liabilities (included in Other Long-Term Liabilities)		408
Sales return reserve recorded in contract liability		$ 39,400	$ 32,800
Revenue recognized from beginning contract liability, percentage		38.00%
[1]	The sales return reserve recorded in Contract Liabilities is $39.4 million and $32.8 million, as of July 31, 2020 and April 30, 2020, respectively.

Revenue Recognition, Contract_5

Revenue Recognition, Contracts with Customers, Remaining Performance Obligations (Details) - USD ($) $ in Millions	Jul. 31, 2020	Apr. 30, 2020
Remaining Performance Obligations [Abstract]
Remaining performance obligations	$ 424.3
Sales return reserve recorded in contract liability	39.4	$ 32.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-08-01
Remaining Performance Obligations [Abstract]
Remaining performance obligations excluding sales return reserve	$ 369.5
Expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-08-01
Remaining Performance Obligations [Abstract]
Remaining performance obligations	$ 15.4
Expected timing of satisfaction, period

Revenue Recognition, Contract_6

Revenue Recognition, Contracts with Customers, Assets Recognized for the Costs to Fulfill a Contract (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Apr. 30, 2020
Assets Recognized for the Costs to Obtain or Fulfill a Contract [Abstract]
Costs capitalized	$ 11,600		$ 11,500
Amortization	1,200	$ 1,000
Cost of revenue [Abstract]
Operating and administrative expenses	237,369	250,170
Shipping and Handling [Member]
Cost of revenue [Abstract]
Operating and administrative expenses	$ 6,700	$ 7,400

Operating Leases (Details)

Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Apr. 30, 2020
ROU Assets and Lease Liabilities [Abstract]
Operating lease right-of-use assets	$ 139,798	$ 142,716
Short-term portion of operating lease liabilities	20,647	21,810
Operating lease liabilities, non-current	156,644	$ 159,782
Increase (decrease) in right of use assets	300
Increase (decrease) in operating lease liabilities	$ 300

Operating Leases, Total Net Lea

Operating Leases, Total Net Lease Costs (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2020	Jul. 31, 2019
Net Lease Costs [Abstract]
Operating lease cost	[1]	$ 6,635	$ 6,861
Variable lease cost		521	1,203
Short-term lease cost		88	0
Sublease income		(170)	(523)
Total net lease cost	[1]	$ 7,074	$ 7,541
[1]	Total net lease cost does not include those costs included in Restructuring and Related Charges on our Unaudited Condensed Consolidated Statements of Income. See Note 9, “Restructuring and Related Charges” for more information on these programs.

Operating Leases, Other Supplem

Operating Leases, Other Supplemental Information for Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Other Supplemental Information for Operating Leases [Abstract]
Weighted-average remaining contractual lease term	10 years	10 years
Weighted-average discount rate	5.89%	5.82%
Cash paid for amounts included in the measurement of lease liabilities [Abstract]
Operating cash flows from operating leases	$ 8,974	$ 7,300

Operating Leases, Reconciliatio

Operating Leases, Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Apr. 30, 2020
Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities [Abstract]
2021 (remaining 9 months)	$ 23,531
2022	27,903
2023	25,038
2024	23,526
2025	22,233
Thereafter	114,078
Total future undiscounted minimum lease payments	236,309
Less: Imputed interest	59,018
Present Value of Minimum Lease Payments	177,291
Less: Current portion	20,647	$ 21,810
Noncurrent portion	$ 156,644	$ 159,782

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Stock-based Compensation [Abstract]
Share-based compensation expense	$ 4,314	$ 4,604
Restricted Stock [Member]
Restricted Stock [Abstract]
Awards granted (in shares)	358	500
Weighted average fair value of grant (in dollars per share)	$ 38.88	$ 45.31
Performance-based Stock Awards [Member]
Stock-based Compensation [Abstract]
Period for achievement of performance-based targets	3 years

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 933,624	$ 1,181,347
Other comprehensive income (loss) before reclassifications	38,994	(28,081)
Amounts reclassified from Accumulated Other Comprehensive Loss	2,385	795
Total Other Comprehensive Income (Loss)	41,379	(27,286)
Balance	973,745	1,132,006
Accumulated Other Comprehensive Loss [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(575,497)	(508,738)
Balance	(534,118)	(536,024)
Foreign Currency Translation [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(340,703)	(312,107)
Other comprehensive income (loss) before reclassifications	46,853	(35,539)
Amounts reclassified from Accumulated Other Comprehensive Loss	0	0
Total Other Comprehensive Income (Loss)	46,853	(35,539)
Balance	(293,850)	(347,646)
Unamortized Retirement Costs [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(227,920)	(196,057)
Other comprehensive income (loss) before reclassifications	(7,190)	7,130
Amounts reclassified from Accumulated Other Comprehensive Loss	1,525	1,038
Total Other Comprehensive Income (Loss)	(5,665)	8,168
Balance	(233,585)	(187,889)
Interest Rate Swaps [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(6,874)	(574)
Other comprehensive income (loss) before reclassifications	(669)	328
Amounts reclassified from Accumulated Other Comprehensive Loss	860	(243)
Total Other Comprehensive Income (Loss)	191	85
Balance	$ (6,683)	$ (489)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss, Reclassification out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Amortization from Accumulated Other Comprehensive Loss [Abstract]
Pension expense	$ (2,562)	$ (2,420)
Reclassification out of Accumulated Other Comprehensive Loss [Member]
Amortization from Accumulated Other Comprehensive Loss [Abstract]
Pension expense	$ 1,900	$ 1,300

Reconciliation of Weighted Av_3

Reconciliation of Weighted Average Shares Outstanding (Details) - shares	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Reconciliation of Weighted Average Shares Outstanding [Abstract]
Weighted average shares outstanding (in shares)	55,916,000	56,564,000
Less: Unvested restricted shares (in shares)	(4,000)	(28,000)
Shares used for basic earnings per share (in shares)	55,912,000	56,536,000
Dilutive effect of unvested restricted stock units and other stock awards (in shares)	281,000	369,000
Shares used for diluted earnings per share (in shares)	56,193,000	56,905,000
Stock Options [Member] | Class A Common Stock [Member]
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Anti-dilutive shares excluded from diluted EPS calculation (in shares)	201,743	252,704
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
Warrants [Member] | Class A Common Stock [Member]
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Anti-dilutive shares excluded from diluted EPS calculation (in shares)	528,452	511,094

Restructuring and Related Cha_3

Restructuring and Related Charges, Pre-tax Restructuring Charges (Credits) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	$ 2,218	$ 10,735
Business Optimization Program [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	2,185	10,870
Restructuring and related charges incurred to date	34,998
Business Optimization Program [Member] | Severance and Termination Benefits [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	1,110	10,709
Restructuring and related charges incurred to date	27,974
Business Optimization Program [Member] | Operating Lease Right-of-use Asset Impairment [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	0	161
Restructuring and related charges incurred to date	161
Business Optimization Program [Member] | Facility Related Charges [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	1,075	0
Restructuring and related charges incurred to date	5,061
Business Optimization Program [Member] | Other Activities [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	0	0
Restructuring and related charges incurred to date	1,802
Restructuring and Reinvestment Program [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	33	(135)
Restructuring and related charges incurred to date	169,455
Restructuring and Reinvestment Program [Member] | Severance and Termination Benefits [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	33	(350)
Restructuring and related charges incurred to date	116,042
Restructuring and Reinvestment Program [Member] | Consulting and Contract Termination Costs [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	0	0
Restructuring and related charges incurred to date	20,984
Restructuring and Reinvestment Program [Member] | Other Activities [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	0	215
Restructuring and related charges incurred to date	32,429
Research Publishing & Platforms [Member] | Business Optimization Program [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	(197)	2,636
Restructuring and related charges incurred to date	3,349
Research Publishing & Platforms [Member] | Restructuring and Reinvestment Program [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	0	(16)
Restructuring and related charges incurred to date	26,884
Academic & Professional Learning [Member] | Business Optimization Program [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	(227)	2,777
Restructuring and related charges incurred to date	10,248
Academic & Professional Learning [Member] | Restructuring and Reinvestment Program [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	260	28
Restructuring and related charges incurred to date	43,094
Education Services [Member] | Business Optimization Program [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	139	2,192
Restructuring and related charges incurred to date	3,913
Education Services [Member] | Restructuring and Reinvestment Program [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	0	(103)
Restructuring and related charges incurred to date	3,764
Corporate Expenses [Member] | Business Optimization Program [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	2,470	3,265
Restructuring and related charges incurred to date	17,488
Corporate Expenses [Member] | Restructuring and Reinvestment Program [Member]
Summary of pre-tax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	(227)	$ (44)
Restructuring and related charges incurred to date	$ 95,713

Restructuring and Related Cha_4

Restructuring and Related Charges, Activity for Restructuring and Reinvestment Program Liability (Details) $ in Thousands	3 Months Ended
	Jul. 31, 2020USD ($)
Business Optimization Program [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	$ 18,062
Charges	1,110
Payments	(7,172)
Foreign translation & other adjustments	476
Restructuring liability, end of period	12,476
Business Optimization Program [Member] | Accrued Employment Costs [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, end of period	12,000
Business Optimization Program [Member] | Other Long-term Liabilities [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, end of period	300
Business Optimization Program [Member] | Severance and Termination Benefits [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	17,632
Charges	1,110
Payments	(6,966)
Foreign translation & other adjustments	478
Restructuring liability, end of period	12,254
Business Optimization Program [Member] | Other Activities [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	430
Charges	0
Payments	(206)
Foreign translation & other adjustments	(2)
Restructuring liability, end of period	222
Restructuring and Reinvestment Program [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	1,590
Charges	33
Payments	(888)
Foreign translation & other adjustments	190
Restructuring liability, end of period	925
Restructuring and Reinvestment Program [Member] | Severance and Termination Benefits [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	1,360
Charges	33
Payments	(888)
Foreign translation & other adjustments	62
Restructuring liability, end of period	567
Restructuring and Reinvestment Program [Member] | Other Activities [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	230
Charges	0
Payments	0
Foreign translation & other adjustments	128
Restructuring liability, end of period	358
Restructuring and Reinvestment Program [Member] | Other Activities [Member] | Other Long-term Liabilities [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, end of period	$ 400

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2020	Jul. 31, 2019
Segment Information [Abstract]
Revenue		$ 431,326	$ 423,530
Corporate Expenses		(39,957)	(48,799)
Operating Income		30,039	4,559
Adjusted Operating Income	[1]	32,257	15,294
Depreciation and Amortization		49,507	42,219
Adjusted EBITDA	[2]	81,764	57,513
Research Publishing & Platforms [Member]
Segment Information [Abstract]
Revenue		240,810	229,375
Academic & Professional Learning [Member]
Segment Information [Abstract]
Revenue		126,913	144,858
Education Services [Member]
Segment Information [Abstract]
Revenue		63,603	49,297
Operating Segments [Member]
Segment Information [Abstract]
Contribution to Profit		69,996	53,358
Adjusted Contribution to Profit	[1]	69,971	60,872
Depreciation and Amortization		45,784	39,175
Adjusted EBITDA	[2]	115,755	100,047
Operating Segments [Member] | Research Publishing & Platforms [Member]
Segment Information [Abstract]
Revenue		240,810	229,375
Contribution to Profit		69,818	55,646
Adjusted Contribution to Profit	[1]	69,621	58,266
Depreciation and Amortization		19,701	17,153
Adjusted EBITDA	[2]	89,322	75,419
Operating Segments [Member] | Academic & Professional Learning [Member]
Segment Information [Abstract]
Revenue		126,913	144,858
Contribution to Profit		(380)	4,911
Adjusted Contribution to Profit	[1]	(347)	7,716
Depreciation and Amortization		18,804	16,524
Adjusted EBITDA	[2]	18,457	24,240
Operating Segments [Member] | Education Services [Member]
Segment Information [Abstract]
Revenue		63,603	49,297
Contribution to Profit		558	(7,199)
Adjusted Contribution to Profit	[1]	697	(5,110)
Depreciation and Amortization		7,279	5,498
Adjusted EBITDA	[2]	7,976	388
Corporate [Member]
Segment Information [Abstract]
Adjusted Corporate Expenses	[1]	(37,714)	(45,578)
Depreciation and Amortization		3,723	3,044
Adjusted EBITDA	[2]	$ (33,991)	$ (42,534)
[1]	Adjusted Contribution to Profit is Contribution to Profit adjusted for restructuring charges (credits). See Note 9, “Restructuring and Related Charges” for these charges (credits) by segment.
[2]	Adjusted EBITDA is Adjusted Contribution to Profit with depreciation and amortization added back.

Segment Information, Reconcilia

Segment Information, Reconciliation of GAAP Net Income to Non-GAAP EBITDA and Adjusted EBITDA (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2020	Jul. 31, 2019
Reconciliation of GAAP Net Income to Non-GAAP EBITDA and Adjusted EBITDA [Abstract]
Net Income		$ 16,334	$ 3,624
Interest expense		4,614	6,077
Provision for Income Taxes		13,400	343
Depreciation and Amortization		49,507	42,219
Non-GAAP EBITDA		83,855	52,263
Restructuring and related charges		2,218	10,735
Foreign exchange transaction losses (gains)		82	(2,652)
Interest and other income		(4,391)	(2,833)
Non-GAAP Adjusted EBITDA	[1]	$ 81,764	$ 57,513
[1]	Adjusted EBITDA is Adjusted Contribution to Profit with depreciation and amortization added back.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Apr. 30, 2020
Inventories [Abstract]
Finished Goods	$ 34,975	$ 36,014
Work-in-Process	1,688	1,398
Paper and Other Materials	312	331
Total Inventories Before Estimated Sales Returns and LIFO Reserve	36,975	37,743
Inventory Value of Estimated Sales Returns	10,967	8,686
LIFO Reserve	(2,891)	(2,815)
Total Inventories	$ 45,051	$ 43,614

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Goodwill (Details) $ in Thousands	3 Months Ended
	Jul. 31, 2020USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 1,116,790
Acquisitions	(11,212)	[1]
Foreign translation adjustment	28,032
Ending balance	1,133,610
Research Publishing & Platforms [Member]
Goodwill [Roll Forward]
Beginning balance	448,130
Acquisitions	(11,212)	[1]
Foreign translation adjustment	15,490
Ending balance	452,408
Academic & Professional Learning [Member]
Goodwill [Roll Forward]
Beginning balance	501,091
Acquisitions	0	[1]
Foreign translation adjustment	8,794
Ending balance	509,885
Education Services [Member]
Goodwill [Roll Forward]
Beginning balance	167,569
Acquisitions	0	[1]
Foreign translation adjustment	3,748
Ending balance	$ 171,317
[1]	Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in fiscal year 2020, and the revisions that were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed during the three months ended July 31, 2020.

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Intangible Assets (Details) - USD ($) $ in Thousands		Jul. 31, 2020	Apr. 30, 2020
Intangible Assets with Definite Lives, net [Abstract]
Total		$ 700,623	$ 686,069
Intangible Assets with Indefinite Lives [Abstract]
Total		128,608	121,336
Intangible assets (excluding goodwill) [Abstract]
Total Intangible Assets, Net		829,231	807,405
Brands and Trademarks [Member]
Intangible Assets with Indefinite Lives [Abstract]
Total		37,000	37,000
Content and Publishing Rights [Member]
Intangible Assets with Indefinite Lives [Abstract]
Total		91,608	84,336
Content and Publishing Rights [Member]
Intangible Assets with Definite Lives, net [Abstract]
Total	[1]	366,888	362,106
Customer Relationships [Member]
Intangible Assets with Definite Lives, net [Abstract]
Total	[1]	284,433	290,418
Developed Technology [Member]
Intangible Assets with Definite Lives, net [Abstract]
Total	[1]	28,734	13,111
Brands and Trademarks [Member]
Intangible Assets with Definite Lives, net [Abstract]
Total	[1]	20,371	20,188
Covenants Not to Compete [Member]
Intangible Assets with Definite Lives, net [Abstract]
Total		$ 197	$ 246
[1]	Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in fiscal year 2020 and the revisions that were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed during the three months ended July 31, 2020.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Effective income tax rate [Abstract]
Effective tax rate as reported	45.10%	8.60%
Certain discrete items	$ 0.5
U.K. [Member]
Effective income tax rate [Abstract]
Tax expense from the re-measurement legislation enacted	$ 6.7
Minimum [Member] | U.K. [Member]
Effective income tax rate [Abstract]
Foreign statutory tax rate	17.00%
Maximum [Member] | U.K. [Member]
Effective income tax rate [Abstract]
Foreign statutory tax rate	19.00%

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Components of net pension income for defined benefit plans [Abstract]
Service cost	$ 333	$ 224
Interest cost	4,521	5,834
Expected return on plan assets	(9,378)	(10,059)
Amortization of prior service cost	(25)	(19)
Amortization of net actuarial loss	1,987	1,600
Net pension income	(2,562)	(2,420)
Employer defined benefit pension plan contributions	5,100	4,700
Defined Contribution Savings Plans [Abstract]
Expense for employer defined contribution savings plans	$ 6,600	$ 4,300

Debt and Available Credit Fac_3

Debt and Available Credit Facilities (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2020	Jul. 31, 2019	Apr. 30, 2020	May 30, 2019
Components of Total Debt Outstanding [Abstract]
Short-term portion of long-term debt	[1]	$ 10,938		$ 9,375
Total long-term debt, less current portion		835,763		765,650
Total Debt		846,701		775,025
Amended and Restated RCA [Member]
Debt and Available Credit Facilities [Abstract]
Costs incurred			$ 4,000
Credit agreement issuance costs capitalized			5,200
Amortization expense of the lender and non-lender fees in interest expense		300	200
Term Loan A Facility [Member] | Amended and Restated RCA [Member]
Components of Total Debt Outstanding [Abstract]
Total long-term debt, less current portion	[2]	232,179		235,263
Unamortized issuance costs		$ 600		700
Debt and Available Credit Facilities [Abstract]
Term of credit facility		5 years
Credit agreement face amount					$ 250,000
Credit agreement issuance costs capitalized			900
Term Loan amount related to lender fees as a reduction to debt			800
Term Loan amount related to non-lender fees in Other NC Assets			100
Revolving Credit Facility [Member] | Amended and Restated RCA [Member]
Components of Total Debt Outstanding [Abstract]
Total long-term debt, less current portion		$ 603,584		$ 530,387
Debt and Available Credit Facilities [Abstract]
Term of credit facility		5 years
Amount of financing available under credit facilities					$ 1,250,000
Credit agreement issuance costs capitalized			$ 4,300
Revolving Credit Facility [Member] | Syndicate Bank Group led by Bank of America [Member] | Amended and Restated RCA [Member]
Debt and Available Credit Facilities [Abstract]
Optional credit limit increase available on request		$ 500,000
Minimum increments in which optional credit limit increase may be requested		$ 50,000
Revolving Credit Facility [Member] | Syndicate Bank Group led by Bank of America [Member] | Amended and Restated RCA [Member] | Minimum [Member]
Debt and Available Credit Facilities [Abstract]
Line of credit facility fee percentage		0.15%
Revolving Credit Facility [Member] | Syndicate Bank Group led by Bank of America [Member] | Amended and Restated RCA [Member] | Maximum [Member]
Debt and Available Credit Facilities [Abstract]
Line of credit facility fee percentage		0.25%
Revolving Credit Facility [Member] | Syndicate Bank Group led by Bank of America [Member] | Amended and Restated RCA [Member] | LIBOR [Member] | Minimum [Member]
Debt and Available Credit Facilities [Abstract]
Applicable margin		0.98%
Revolving Credit Facility [Member] | Syndicate Bank Group led by Bank of America [Member] | Amended and Restated RCA [Member] | LIBOR [Member] | Maximum [Member]
Debt and Available Credit Facilities [Abstract]
Applicable margin		1.50%
Revolving Credit Facility [Member] | Syndicate Bank Group led by Bank of America [Member] | Amended and Restated RCA [Member] | Base Rate [Member] | Minimum [Member]
Debt and Available Credit Facilities [Abstract]
Applicable margin		0.00%
Revolving Credit Facility [Member] | Syndicate Bank Group led by Bank of America [Member] | Amended and Restated RCA [Member] | Base Rate [Member] | Maximum [Member]
Debt and Available Credit Facilities [Abstract]
Applicable margin		0.50%
Revolving Credit Facility [Member] | Syndicate Bank Group led by Bank of America [Member] | Amended and Restated RCA [Member] | Federal Funds Effective Rate [Member]
Debt and Available Credit Facilities [Abstract]
Margin rate over reference rate used in determining base rate		0.50%
Revolving Credit Facility [Member] | Syndicate Bank Group led by Bank of America [Member] | Amended and Restated RCA [Member] | Eurocurrency Rate [Member]
Debt and Available Credit Facilities [Abstract]
Margin rate over reference rate used in determining base rate		1.00%
[1]	Relates to our term loan A under the Amended and Restated RCA.
[2]	Amounts are shown net of unamortized issuance costs of $0.6 million as of July 31, 2020 and $0.7 million as of April 30, 2020.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Apr. 30, 2020
Derivative Instruments and Hedging Activities [Abstract]
Total debt outstanding	$ 846,701		$ 775,025
Unamortized debt issuance costs	600
Variable rate loans outstanding	847,300
Interest Rate Swaps [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities [Abstract]
Notional amount of derivative liability	300,000		300,000
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	(900)	$ 200
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	$ 8,200		$ 8,300

Capital Stock and Changes in _3

Capital Stock and Changes in Capital Accounts, Share Repurchases (Details) - Class A [Member] - $ / shares	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Share Repurchases [Abstract]
Shares Repurchased (in shares)	0	217,511
Average Price (in dollars per share)		$ 45.97

Capital Stock and Changes in _4

Capital Stock and Changes in Capital Accounts, Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 22, 2020	Jul. 31, 2020	Jul. 31, 2019
Cash Dividends [Abstract]
Total Dividend		$ 19,261	$ 19,252
Class A [Member]
Cash Dividends [Abstract]
Quarterly Cash Dividend (in dollars per share)		$ 0.3425	$ 0.34
Class B [Member]
Cash Dividends [Abstract]
Quarterly Cash Dividend (in dollars per share)		$ 0.3425	$ 0.34
Dividend Declared in Q1 2021 [Member] | Class A [Member]
Cash Dividends [Abstract]
Date of Declaration by Board of Directors		Jun. 25, 2020
Quarterly Cash Dividend (in dollars per share)		$ 0.3425
Total Dividend	$ 19,200
Dividend Paid Date		Jul. 22, 2020
Shareholders of Record as of Date		Jul. 7, 2020
Dividend Declared in Q1 2021 [Member] | Class B [Member]
Cash Dividends [Abstract]
Date of Declaration by Board of Directors		Jun. 25, 2020
Quarterly Cash Dividend (in dollars per share)		$ 0.3425
Total Dividend	$ 19,200
Dividend Paid Date		Jul. 22, 2020
Shareholders of Record as of Date		Jul. 7, 2020

Capital Stock and Changes in _5

Capital Stock and Changes in Capital Accounts, Changes in Common Stock (Details) - shares shares in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Class A [Member]
Changes in Common Stock [Abstract]
Number of shares, beginning of year (in shares)	70,166	70,127
Common stock class conversions (in shares)	11	12
Number of shares issued, end of period (in shares)	70,177	70,139
Changes in Common Stock in Treasury [Abstract]
Number of shares held, beginning of year (in shares)	23,405	22,634
Purchase of treasury shares (in shares)	0	218
Restricted shares, forfeited (in shares)	0	1
Restricted shares issued from exercise of stock options (in shares)	(33)	(12)
Shares withheld for taxes (in shares)	67	33
Number of shares held, end of period (in shares)	23,259	22,795
Number of Common Stock outstanding, end of period (in shares)	46,918	47,344
Class A [Member] | Non-PSU Awards [Member]
Changes in Common Stock in Treasury [Abstract]
Restricted shares issued under stock-based compensation plans (in shares)	(94)	(36)
Class A [Member] | PSU Awards [Member]
Changes in Common Stock in Treasury [Abstract]
Restricted shares issued under stock-based compensation plans (in shares)	(86)	(43)
Class B [Member]
Changes in Common Stock [Abstract]
Number of shares, beginning of year (in shares)	13,016	13,055
Common stock class conversions (in shares)	(11)	(12)
Number of shares issued, end of period (in shares)	13,005	13,043
Changes in Common Stock in Treasury [Abstract]
Number of shares held, beginning of year (in shares)	3,920	3,918
Number of shares held, end of period (in shares)	3,920	3,918
Number of Common Stock outstanding, end of period (in shares)	9,085	9,125