John Wiley & Sons (WLY) 10-Q 3 Sep 21 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2021	Aug. 31, 2021
Entity Listings [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2021
Current Fiscal Year End Date	--04-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Document Transition Report	false
Entity File Number	001-11507
Entity Registrant Name	JOHN WILEY & SONS, INC.
Entity Central Index Key	0000107140
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-5593032
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
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Stock Class A [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Class A Common Stock, par value $1.00 per share
Trading Symbol	JW.A
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		46,828,460
Common Stock Class B [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Class B Common Stock, par value $1.00 per share
Trading Symbol	JW.B
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		9,048,725

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED - USD ($) $ in Thousands		Jul. 31, 2021	Apr. 30, 2021
Current assets
Cash and cash equivalents		$ 82,982	$ 93,795
Accounts receivable, net of allowance for credit losses of $21.4 million and $21.5 million, respectively		284,579	311,571
Inventories, net		40,392	42,538
Prepaid expenses and other current assets		70,736	78,393
Total current assets		478,689	526,297
Product development assets, net		49,017	49,517
Royalty advances, net		27,668	39,582
Technology, property and equipment, net		273,306	282,270
Intangible assets, net		995,613	1,015,302	[1]
Goodwill		1,301,599	1,304,340	[2]
Operating lease right-of-use assets		122,334	121,430
Other non-current assets		114,574	107,701
Total assets		3,362,800	3,446,439
Current liabilities
Accounts payable		62,230	95,791
Accrued royalties		90,064	78,582
Short-term portion of long-term debt	[3]	12,500	12,500
Contract liabilities	[4]	418,459	545,425
Accrued employment costs		66,771	144,744
Accrued income taxes		9,628	8,590
Short-term portion of operating lease liabilities		21,547	22,440
Other accrued liabilities		81,902	80,900
Total current liabilities		763,101	988,972
Long-term debt		952,020	809,088
Accrued pension liability		136,391	146,247
Deferred income tax liabilities		188,880	172,903
Operating lease liabilities		145,340	145,832
Other long-term liabilities		99,163	92,106
Total liabilities		2,284,895	2,355,148
Shareholders' equity
Preferred stock, $1 par value per share: Authorized shares - 2 million, Issued shares - 0		0	0
Additional paid-in capital		445,690	444,358
Retained earnings		1,844,578	1,850,058
Accumulated other comprehensive loss, net of tax		(494,600)	(490,790)
Less treasury shares at cost (Class A - 23,390 and 23,419 as of July 31, 2021 and April 30, 2021, respectively; Class B - 3,923 and 3,922 as of July 31, 2021 and April 30, 2021, respectively)		(800,945)	(795,517)
Total shareholders' equity		1,077,905	1,091,291
Total liabilities and shareholders' equity		3,362,800	3,446,439
Class A [Member]
Shareholders' equity
Common stock		70,211	70,208
Class B [Member]
Shareholders' equity
Common stock		$ 12,971	$ 12,974
[1]	The developed technology balance as of April 30, 2021 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2021 is net of accumulated impairments of $93.1 million.
[2]	The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million.
[3]	Relates to our term loan A under the Amended and Restated RCA.
[4]	The sales return reserve recorded in Contract liabilities is $40.7 million and $38.0 million, as of July 31, 2021 and April 30, 2021, respectively.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED (Parenthetical) - USD ($) shares in Thousands, $ in Millions	Jul. 31, 2021	Apr. 30, 2021
Current assets
Accounts receivable, allowance for credit losses	$ 21.4	$ 21.5
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)	70,211	70,208
Treasury stock (in shares)	23,390	23,419
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)	12,971	12,974
Treasury stock (in shares)	3,923	3,922

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - UNAUDITED - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - UNAUDITED [Abstract]
Revenue, net		$ 488,388	$ 431,326
Costs and expenses
Cost of sales		165,956	144,809
Operating and administrative expenses		260,589	237,369
Restructuring and related (credits) charges	[1]	(276)	2,218
Amortization of intangible assets		21,151	16,891
Total costs and expenses		447,420	401,287
Operating income		40,968	30,039
Interest expense		(4,639)	(4,614)
Foreign exchange transaction gains (losses)		370	(82)
Gain on sale of certain assets		3,750	0
Other income, net		3,553	4,391
Income before taxes		44,002	29,734
Provision for income taxes		30,172	13,400
Net income		$ 13,830	$ 16,334
Earnings per share
Basic (in dollars per share)		$ 0.25	$ 0.29
Diluted (in dollars per share)		$ 0.24	$ 0.29
Weighted average number of common shares outstanding:
Basic (in shares)		55,869	55,912
Diluted (in shares)		56,599	56,193
[1]	See Note 9, “Restructuring and Related (Credits) Charges” for these charges by segment.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED [Abstract]
Net income	$ 13,830	$ 16,334
Other comprehensive (loss) income:
Foreign currency translation adjustment	(5,937)	46,853
Unamortized retirement credits (costs), net of tax (expense) benefit of $(443) and $1,705, respectively	1,589	(5,665)
Unrealized gain on interest rate swaps, net of tax (expense) of $(173) and $(30), respectively	538	191
Total other comprehensive (loss) income	(3,810)	41,379
Comprehensive income	$ 10,020	$ 57,713

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Other comprehensive (loss) income:
Unamortized retirement credits (costs), tax (expense) benefit	$ (443)	$ 1,705
Unrealized gain on interest rate swaps, tax (expense)	$ (173)	$ (30)

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
Operating activities
Net income		$ 13,830	$ 16,334
Adjustments to reconcile net income to net cash used in operating activities:
Amortization of intangible assets		21,151	16,891
Amortization of product development assets		9,058	9,148
Depreciation and amortization of technology, property and equipment		24,357	23,468
Restructuring and related (credits) charges	[1]	(276)	2,218
Stock-based compensation expense		6,341	4,314
Employee retirement plan expense		6,239	4,033
Foreign exchange transaction (gains) losses		(370)	82
Gain on sale of certain assets		(3,750)	0
Other noncash charges		27,672	15,285
Net change in operating assets and liabilities		(189,026)	(212,556)
Net cash used in operating activities		(84,774)	(120,783)
Investing activities
Product development spending		(5,670)	(5,325)
Additions to technology, property and equipment		(17,910)	(18,964)
Businesses acquired in purchase transactions, net of cash acquired		(3,032)	(136)
Proceeds related to the sale of certain assets		3,375	0
Acquisitions of publication rights and other		(295)	(3,855)
Net cash used in investing activities		(23,532)	(28,280)
Financing activities
Repayments of long-term debt		(41,300)	(139,331)
Borrowings of long-term debt		184,003	206,687
Purchases of treasury shares		(7,367)	0
Change in book overdrafts		(12,780)	(3,292)
Cash dividends		(19,307)	(19,261)
Impact of tax withholding on stock-based compensation and other		(4,160)	(1,319)
Net cash provided by financing activities		99,089	43,484
Effects of exchange rate changes on cash, cash equivalents, and restricted cash		(1,586)	4,500
Cash reconciliation:
Cash and cash equivalents		93,795	202,464
Restricted cash included in Prepaid expenses and other current assets		564	583
Balance at beginning of period		94,359	203,047
(Decrease)/increase for the period		(10,803)	(101,079)
Cash and cash equivalents		82,982	101,385
Restricted cash included in Prepaid expenses and other current assets		574	583
Balance at end of period		83,556	101,968
Cash paid during the period for:
Interest		4,183	4,221
Income taxes, net of refunds		$ 6,441	$ 25,704
[1]	See Note 9, “Restructuring and Related (Credits) Charges” for these charges by segment.

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, Net of Tax [Member]	Accumulated Other Comprehensive Loss, Net of Tax [Member]Class A [Member]	Accumulated Other Comprehensive Loss, Net of Tax [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 of Change in Accounting Principle, Net of Tax [Member]Common Stock [Member]Class A [Member]	Cumulative Effect of Change in Accounting Principle, Net of Tax [Member]Common Stock [Member]Class B [Member]	Cumulative Effect of Change in Accounting Principle, Net of Tax [Member]Additional Paid-in Capital [Member]	Cumulative Effect of Change in Accounting Principle, Net of Tax [Member]Retained Earnings [Member]	Cumulative Effect of Change in Accounting Principle, Net of Tax [Member]Accumulated Other Comprehensive Loss, Net of Tax [Member]	Cumulative Effect of Change in Accounting Principle, Net of Tax [Member]Treasury Stock [Member]	Cumulative Effect of Change in Accounting Principle, Net of Tax [Member]
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
Impact of tax withholding on stock-based compensation 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, 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
Balance at Apr. 30, 2021	70,208	12,974	444,358			1,850,058			(490,790)			(795,517)			1,091,291
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted shares issued under stock-based compensation plans	0	0	(6,342)			(3)			0			6,409			64
Impact of tax withholding on stock-based compensation and other	0	0	310			0			0			(4,470)			(4,160)
Stock-based compensation expense	0	0	7,364			0			0			0			7,364
Purchase of treasury shares	0	0	0			0			0			(7,367)			(7,367)
Common stock dividends	0	0		$ 0	$ 0		$ (16,185)	$ (3,122)		$ 0	$ 0		$ 0	$ 0		$ (16,185)	$ (3,122)
Common stock class conversions	3	(3)	0			0			0			0			0
Comprehensive income, net of tax	0	0	0			13,830			(3,810)			0			10,020
Balance at Jul. 31, 2021	$ 70,211	$ 12,971	$ 445,690			$ 1,844,578			$ (494,600)			$ (800,945)			$ 1,077,905

CONDENSED CONSOLIDATED STATEM_8

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - UNAUDITED (Parenthetical) - $ / shares	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Class A [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock dividend (in dollars per share)	$ 0.3450	$ 0.3425
Class B [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock dividend (in dollars per share)	$ 0.3450	$ 0.3425

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jul. 31, 2021
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 Annual Report on Form 10-K for the fiscal year ended April 30, 2021 as filed with the SEC on July 6, 2021 (2021 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 US GAAP have been condensed or omitted. The preparation of our Unaudited Condensed Consolidated Financial Statements in conformity with US 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. In the fourth quarter of fiscal year 2021, a UK entity acquired in connection with the acquisition of mthree, which was acquired on January 1, 2020 , As a result of these events, the Company evaluated whether it was appropriate to consolidate the assets, liabilities, and operations of the entity as part of its consolidated financial statements as of April 30, 2021 and for the period from the entity being dissolved through April 30, 2021, and also whether there was a liability to the Crown and a related loss associated with the dissolution of the entity under US GAAP in the fiscal year 2021. The Company evaluated the criteria in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 810 As of July 31, 2021, there has been no change in the Company’s conclusions or in the expected timing of the restoration of the entity as described above. Accordingly, the Company continued to consolidate the assets, liabilities and operations of the entity in its consolidated financial statements as of July 31, 2021.

Recent Accounting Standards

Recent Accounting Standards	3 Months Ended
	Jul. 31, 2021
Recent Accounting Standards [Abstract]
Recent Accounting Standards	Note 2 Recent Accounting Standards Recently Adopted Accounting Standards Simplifying the Accounting for Income Taxes In December 2019, the FASB issued Accounting Standards Update (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. We adopted ASU 2019-12 on May 1, 2021. The adoption did not have a material impact on our consolidated financial statements at the time of adoption. The impact in the future would depend on any changes in tax laws and the applicable enactment dates. In accordance with ASU 2019-12, the enactment date is when any effects are recognized in the consolidated financial statements. Recently Issued Accounting Standards Convertible Debt Instruments, Derivatives and EPS 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 earnings-per-share (EPS) guidance. This standard is effective for us on May 1, 2022, including interim periods within the fiscal year. 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 .

Acquisitions

Acquisitions	3 Months Ended
	Jul. 31, 2021
Acquisitions [Abstract]
Acquisitions	Note 3 Acquisitions Pro forma financial information related to these acquisitions has not been provided as it is not material to our consolidated results of operations. Fiscal Year 2021 Hindawi On December 31, 2020, we completed the acquisition of 100% of the outstanding stock of Hindawi Limited (“Hindawi”). Hindawi is a scientific research publisher and an innovator in open access publishing. Its results of operations are included in our Research Publishing & Platforms segment. The preliminary fair value of the consideration transferred at the acquisition date was $300.1 million which included $299.3 million of cash and $0.8 million related to the settlement of a preexisting relationship. 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, net of $1.0 million of cash acquired was approximately $298.3 million. Hindawi’s revenue and operating income included in our Research Publishing and Platforms segment results for the three months ended July 31, 2021 was $11.5 million and $1.8 million, respectively. During the three months ended July 31, 2021, no revisions were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed. We recorded the preliminary fair value of the assets acquired and liabilities assumed on the acquisition date, which included a preliminary allocation of $ million of goodwill allocated to the segment, and $ million of intangible assets subject to amortization. The allocation of the total consideration transferred to the assets acquired, including intangible assets and goodwill, 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.

Revenue Recognition, Contracts

Revenue Recognition, Contracts with Customers	3 Months Ended
	Jul. 31, 2021
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, 2021 2020 Research Publishing & Platforms: Research Publishing $ 263,358 $ 230,464 Research Platforms 11,398 10,346 Total Research Publishing & Platforms 274,756 240,810 Academic & Professional Learning: Education Publishing (1) 66,380 63,603 Professional Learning 72,884 62,829 Total Academic & Professional Learning 139,264 126,432 Education Services: University Services (2) 54,394 50,262 Talent Development Services (1)(3) 19,974 13,822 Total Education Services 74,368 64,084 Total Revenue $ 488,388 $ 431,326 (1) In May 2021, we moved the WileyNXT product offering from Academic & Professional Learning – Education Publishing to Education Services – Talent Development Services. As a result, the prior period results related to the WileyNXT product offering have been included in Education Services - Talent Development Services. The revenue was $0.5 million for the three months ended July 31, 2020. There were no changes to our total consolidated financial results. (2) University Services was previously referred to as Education Services OPM. (3) Talent Development Services was previously referred to as mthree. The following information describes our disaggregation of revenue by segment and product type. Overall, the majority of our revenue is recognized over time. Research Publishing & Platforms Research Publishing & Platforms’ customers include academic, corporate, government, and public libraries, funders of research, researchers, scientists, clinicians, engineers and technologists, scholarly and professional societies, and students and professors. Research Publishing & Platforms products are sold and distributed globally through multiple channels, including research libraries and library consortia, independent subscription agents, direct sales to professional society members, and other customers. Publishing centers include Australia, China, Germany, India, the United Kingdom (UK), and the United States (US). The majority of revenue generated from Research Publishing and Platforms products is recognized over time. Total Research Publishing & Platforms revenue was $274.8 million in the three months ended July 31, 2021. We disaggregated revenue by Research Publishing and Research Platforms to reflect the different type of products and services provided. Research Publishing Products Research Publishing products provide scientific, technical, medical, and scholarly journals, as well as related content and services, to academic, corporate, and government libraries, learned societies, and individual researchers and other professionals. Research Publishing revenue was $263.4 million in the three months ended July 31, 2021 and the majority is recognized over time. Research Publishing products generate approximately 80% of its revenue from contracts with its customers from Journal Subscriptions (pay to read), Open Access (pay to publish) and Comprehensive Agreements (read and publish) and the remainder from Licensing, Reprints, Backfiles, and Other. Research Platforms Services Research Platforms is a publishing software and service provider that enables scholarly and professional societies and publishers to deliver, host, enhance, market, and manage their content on the web through the Literatum platform. Research Platforms revenue was $11.4 million in the three months ended July 31, 2021 and the majority is recognized over time. Academic & Professional Learning Academic & Professional Learning provides Education Publishing and Professional Learning products and services including scientific, professional, and education print and digital books, digital courseware, and test preparation services, to libraries, corporations, students, professionals, and researchers, as well as learning, development, and assessment services for businesses and professionals. Communities served include business, finance, accounting, workplace learning, management, leadership, technology, behavioral health, engineering/ architecture, science and medicine, and education. Products are developed for worldwide distribution through multiple channels, including chain and online booksellers, libraries, colleges and universities, corporations, direct to consumer, web sites, distributor networks and other online applications. Publishing centers include Australia, Germany, India, the UK, and the US. Total Academic & Professional Learning revenue was $ million in the . We disaggregated revenue by type of products provided. Academic & Professional Learning products are Education Publishing and Professional Learning. Academic & Professional Learning revenues are mainly recognized at a point in time . Education Publishing Products Education Publishing products revenue was $66.4 million in the three months ended July 31, 2021. Education Publishing products generate approximately 75% of its revenue from contracts with its customers from Education (print and digital) Publishing, which is recognized at a point in time, and 7% from Digital Courseware which is recognized over time. The remainder of its revenues were from Test Preparation and Certification and Licensing and Other, which has a mix of revenue recognized at a point in time and over time. Professional Learning Products Professional Learning products revenue was $72.9 million in the three months ended July 31, 2021. Professional Learning (print and digital) products generate approximately 61% of revenue from contracts with its customers from Professional Publishing, and Licensing and Other, and both are mainly recognized at a point in time. Approximately 39% of Professional Learning products revenue is from contracts with its customers from Corporate Training and Corporate Learning, which is recognized mainly over time. Education Services Education Services revenue was $74.4 million in the three months ended July 31, 2021 and the majority is recognized over time. We disaggregated revenue by type of services provided, which are University Services (previously referred to as Education Services OPM) and Talent Development Services (previously referred to as mthree). University Services University Services revenue was $54.4 million in the three months ended July 31, 2021 and is mainly recognized over time. University Services engages in the comprehensive management of online degree programs for universities and has grown to include a broad array of tech enabled service offerings that address our partner specific pain points. Increasingly, this includes delivering full stack career credentialing education that advances specific careers with in-demand skills. Talent Development Services Talent Development Services revenue was $ million in the and is recognized at the point in time the services are provided to its customers. Talent Development Services 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 accounts receivable, net and contract liabilities from contracts with customers. July 31, 2021 April 30, 2021 Increase/ (Decrease) Balances from contracts with customers: Accounts receivable, net $ 284,579 $ 311,571 $ (26,992 ) Contract liabilities (1) 418,459 545,425 (126,966 ) Contract liabilities (included in Other long-term liabilities) $ 18,382 $ 19,560 $ (1,178 ) (1) The sales return reserve recorded in Contract liabilities is $40.7 million and $38.0 million, as of July 31, 2021 and April 30, 2021, respectively. For the three months ended July 31, 2021, we estimate that we recognized revenue of approximately that was included in the current contract liability at April 30, 2021 . The decrease in contract liabilities excluding the sales return reserve, was primarily driven by revenue earned on journal subscription agreements, comprehensive agreements, open access and test preparation and certification offerings, partially offset by renewals of journal subscription agreements, comprehensive agreements, open access, and test preparation and certification offerings. Remaining Performance Obligations included in Contract Liability As of July 31, 2021, the aggregate amount of the transaction price allocated to the remaining performance obligations is approximately $436.8 million, which included the sales return reserve of $40.7 million. Excluding the sales return reserve, we expect that approximately $377.7 million will be recognized in the next twelve months with the remaining $18.4 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 product types, (1) Research Platforms services, which includes customer specific implementation costs per the terms of the contract and (2) University Services, which includes customer specific costs to develop courses per the terms of the contract. Our assets associated with incremental costs to fulfill a contract were $11.8 million and $12.1 million at July 31, 2021 and April 30, 2021, respectively, and are included within Other non-current assets on our Unaudited Condensed Consolidated Statements of Financial Position. We recorded amortization expense of $1.5 million and $1.2 million in the three months ended July 31, 2021 and 2020, respectively, related to these assets within Cost of sales on our Unaudited Condensed Consolidated Statements of Net 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 Net Income. We incurred $6.8 million and $6.7 million in shipping and handling costs in the three months ended July 31, 2021 and 2020, respectively.

Operating Leases

Operating Leases	3 Months Ended
	Jul. 31, 2021
Operating Leases [Abstract]
Operating Leases	Note 5 Operating Leases Lessee 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, 2021 April 30, 2021 Operating lease ROU assets $ 122,334 $ 121,430 Short-term portion of operating lease liabilities 21,547 22,440 Operating lease liabilities, non-current $ 145,340 $ 145,832 During the three months ended July 31, 2021, we added $5.0 million to the ROU assets and 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, 2021 2020 Operating lease cost $ 5,917 $ 6,635 Variable lease cost 344 521 Short-term lease cost 20 88 Sublease income (201 ) (170 ) Total net lease cost (1) $ 6,080 $ 7,074 (1) Total net lease cost does not include those costs and sublease income included in Restructuring and related (credits) charges on our Unaudited Condensed Consolidated Statements of Net Income. This includes those operating leases we had identified in the year ended April 30, 2021 a See Note 9 , “Restructuring and Related (Credits) Charges” for more information on these programs. Other supplemental information includes the following: Three Months Ended July 31, 2021 2020 Weighted-average remaining contractual lease term (years) 9 10 Weighted-average discount rate 5.83 % 5.89 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,974 $ 8,974 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, 2021: Fiscal Year Operating Lease Liabilities 2022 (remaining 9 months) $ 22,263 2023 27,323 2024 26,010 2025 24,630 2026 21,991 Thereafter 95,376 Total future undiscounted minimum lease payments 217,593 Less: Imputed interest 50,706 Present value of minimum lease payments 166,887 Less: Current portion 21,547 Noncurrent portion $ 145,340

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jul. 31, 2021
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, other restricted stock awards and options. 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 up to in advance, or less. Performance-Based and Other Restricted Stock Activity Under the terms of our long-term incentive plans, performance-based restricted unit awards are payable in restricted shares of our Class A Common Stock upon the achievement of certain or less financial performance-based targets. During each period or less, we adjust compensation expense based upon our best estimate of expected performance. We may also grant individual restricted unit awards payable in restricted shares of our Class A Common Stock to key employees in connection with their employment. The following table summarizes awards we granted to employees (shares in thousands): Three Months Ended July 31, 2021 2020 Restricted Stock Awards granted (shares) 433 358 Weighted average fair value of grant $ 57.36 $ 38.88 Stock Option Activity On June 24, 2021, we granted stock option awards. These options vest on , on , on and on . The options are exercisable over a maximum period of from the date of grant. The grant date fair value of these options was $ using the Black-Scholes option-pricing model. The significant assumptions used in the fair value determination were as follows: Expected life of options (years) 6.3 Risk-free interest rate 1.1 % Expected volatility 30.6 % Expected dividend yield 2.4 % Fair value of common stock on grant date $ 57.34 Exercise price of stock option grant $ 63.07 Prior to the above stock option grants in the , we did t grant any stock option awards since the year ended April 30, 2016. As of April 30, 2019, all outstanding stock options vested allowing the participant the right to exercise their awards, and there was unrecognized share-based compensation expense remaining related to those stock options.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Jul. 31, 2021
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, 2021 and 2020 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at April 30, 2021 $ (257,941 ) $ (228,146 ) $ (4,703 ) $ (490,790 ) Other comprehensive (loss) income before reclassifications (5,937 ) 142 (293 ) (6,088 ) Amounts reclassified from Accumulated other comprehensive loss — 1,447 831 2,278 Total other comprehensive (loss) income (5,937 ) 1,589 538 (3,810 ) Balance at July 31, 2021 $ (263,878 ) $ (226,557 ) $ (4,165 ) $ (494,600 ) 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 income (loss) 46,853 (5,665 ) 191 41,379 Balance at July 31, 2020 $ (293,850 ) $ (233,585 ) $ (6,683 ) $ (534,118 ) During the three months ended July 31, 2021 and 2020, pretax actuarial losses included in Unamortized Retirement Costs of approximately $1.8 million and $1.9 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 Other income, net on our Unaudited Condensed Consolidated Statements of Net Income. Our policy for releasing the income tax effects from accumulated other comprehensive (loss) income is to release when the corresponding pretax accumulated other comprehensive (loss) income items are reclassified to earnings.

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Shares Outstanding	3 Months Ended
	Jul. 31, 2021
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 (shares in thousands): Three Months Ended July 31, 2021 2020 Weighted average shares outstanding 55,869 55,916 Less: Unvested restricted shares — (4 ) Shares used for basic earnings per share 55,869 55,912 Dilutive effect of unvested restricted stock units and other stock awards 730 281 Shares used for diluted earnings per share 56,599 56,193 Antidilutive options to purchase Class A common shares, restricted shares, warrants to purchase Class A common shares, and contingently issuable restricted stock which are excluded from the table above 930 1,086 The shares associated with performance-based stock awards are considered contingently issuable shares and will be included in the diluted weighted average number of common shares outstanding when they have met the performance conditions and when their effect is dilutive

Restructuring and Related (Cred

Restructuring and Related (Credits) Charges	3 Months Ended
	Jul. 31, 2021
Restructuring and Related (Credits) Charges [Abstract]
Restructuring and Related (Credits) Charges	Note 9 Restructuring and Related (Credits) 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 pretax restructuring (credits) charges related to this program: Three Months Ended July 31, Total Charges 2021 2020 Incurred to Date (Credits) Charges by Segment: Research Publishing & Platforms $ 216 $ (197 ) $ 3,861 Academic & Professional Learning 171 (227 ) 13,875 Education Services (34 ) 139 4,271 Corporate Expenses (629 ) 2,470 43,979 Total Restructuring and Related (Credits) Charges $ (276 ) $ 2,185 $ 65,986 (Credits) Charges by Activity: Severance and termination benefits $ (614 ) $ 1,110 $ 37,781 Impairment of operating lease ROU assets and property and equipment — — 15,079 Acceleration of expense related to operating lease ROU assets and property and equipment — — 3,378 Facility related charges, net 338 1,075 8,008 Other activities — — 1,740 Total Restructuring and Related (Credits) Charges $ (276 ) $ 2,185 $ 65,986 The credits in severance and termination benefits activities for the three months ended July 31, 2021, primarily reflects changes in the number of headcount reductions and estimates for previously accrued costs. Facilities related charges include sublease income related to those operating leases we had identified in the year ended April 30, 2021 a The following table summarizes the activity for the Business Optimization Program liability for the three months ended July 31, 2021: April 30, 2021 (Credits) Payments Foreign Translation & Other Adjustments July 31, 2021 Severance and termination benefits $ 11,465 $ (614 ) $ (3,766 ) $ (71 ) $ 7,014 Total $ 11,465 $ (614 ) $ (3,766 ) $ (71 ) $ 7,014 The restructuring liability for accrued severance and termination benefits is reflected in Accrued employment costs in the Unaudited Condensed Consolidated Statement of Financial Position as of

Segment Information

Segment Information	3 Months Ended
	Jul. 31, 2021
Segment Information [Abstract]
Segment Information	Note 10 Segment Information We report our segment information in accordance with the provisions of FASB Accounting Standards Codification (ASC) Topic 280, “Segment Reporting”. These segments reflect the way our chief operating decision maker evaluates our business performance and manages the operations. The performance metric used by our chief operating decision maker to evaluate performance of our reportable segments is Adjusted Contribution to Profit. Our segment reporting structure consists of three reportable segments, which are listed below, as well as a Corporate category, which includes certain costs that are not allocated to the reportable segments: ● Research Publishing & Platforms ● Academic & Professional Learning ● Education Segment information is as follows: Three Months Ended July 31, 2021 2020 Revenue: Research Publishing & Platforms $ 274,756 $ 240,810 Academic & Professional Learning (1) 139,264 126,432 Education Services (1) 74,368 64,084 Total revenue $ 488,388 $ 431,326 Adjusted Contribution to Profit: Research Publishing & Platforms $ 79,024 $ 69,621 Academic & Professional Learning (1) 8,323 (245 ) Education Services (1) (1,861 ) 595 Total adjusted contribution to profit 85,486 69,971 Adjusted corporate contribution to profit (44,794 ) (37,714 ) Total adjusted contribution to profit $ 40,692 $ 32,257 Depreciation and Amortization: Research Publishing & Platforms $ 23,762 $ 19,701 Academic & Professional Learning (1) 18,364 18,804 Education Services (1) 8,303 7,279 Total depreciation and amortization 50,429 45,784 Corporate depreciation and amortization 4,137 3,723 Total depreciation and amortization $ 54,566 $ 49,507 (1) In May 2021, we moved the WileyNXT product offering from Academic & Professional Learning to Education Services. As a result, the prior period results related to the WileyNXT product offering have been included in Education Services. The Revenue, Adjusted Contribution to Profit and Depreciation and Amortization for WileyNXT was $0.5 million, $0.1 million, and none, respectively, for the three months ended July 31, 2020. There were no changes to our total consolidated financial results. The following table shows a reconciliation of our consolidated US GAAP Operating Income to Non-GAAP Adjusted Contribution to Profit: Three Months Ended July 31, 2021 2020 US GAAP Operating Income $ 40,968 $ 30,039 Adjustments: Restructuring and related (credits) charges (1) (276 ) 2,218 Non-GAAP Adjusted Contribution to Profit $ 40,692 $ 32,257 (1) See Note 9, “Restructuring and Related (Credits) Charges” for these charges by segment. See Note 4, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the three months ended July 31, 2021 and 2020.

Inventories

Inventories	3 Months Ended
	Jul. 31, 2021
Inventories [Abstract]
Inventories	Note 11 Inventories Inventories, net consisted of the following: July 31, 2021 April 30, 2021 Finished goods $ 28,645 $ 31,704 Work-in-process 2,767 2,060 Paper and other materials 376 331 Total inventories before estimated sales returns and LIFO reserve $ 31,788 $ 34,095 Inventory value of estimated sales returns 11,047 10,886 LIFO reserve (2,443 ) (2,443 ) Inventories, net $ 40,392 $ 42,538

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Jul. 31, 2021
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, 2021: April 30, 2021 (1) Foreign Translation Adjustment July 31, 2021 Research Publishing & Platforms $ 619,203 $ (763 ) $ 618,440 Academic & Professional Learning 512,512 (1,884 ) 510,628 Education Services 172,625 (94 ) 172,531 Total $ 1,304,340 $ (2,741 ) $ 1,301,599 (1) The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million. Intangible Assets Intangible assets, net were as follows: July 31, 2021 April 30, 2021 (1) Intangible assets with definite lives, net: Content and publishing rights $ 552,624 $ 564,229 Customer relationships 259,158 266,477 Developed technology 36,667 34,961 Brands and trademarks 18,684 19,536 Covenants not to compete 23 58 Total intangible assets with definite lives, net 867,156 885,261 Intangible assets with indefinite lives: Brands and trademarks 37,000 37,000 Publishing rights 91,457 93,041 Total intangible assets with indefinite lives 128,457 130,041 Total intangible assets, net $ 995,613 $ 1,015,302 (1) The developed technology balance as of April 30, 2021 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2021 is net of accumulated impairments of $93.1 million.

Income Taxes

Income Taxes	3 Months Ended
	Jul. 31, 2021
Income Taxes [Abstract]
Income Taxes	Note 13 Income Taxes The effective tax rate for the three months ended July 31, 2021 was 68.6% compared to 45.1% for the three months ended July 31, 2020. The rate for each three-month period was greater than the US statutory rate primarily due to increases in the UK statutory rate in each period, resulting in a noncash deferred tax expense in each period from the re-measurement of our applicable UK net deferred tax liabilities. The rate for the three months ended July 31, 2021 was greater than the rate for the three months ended July 31, 2020 due to a larger increase in the UK statutory rate than the prior period. During the first three months of fiscal 2022, the UK enacted legislation that increased its statutory rate from 19% to 25% effective April 1, 2023, resulting in a $20.7 million non-cash deferred tax expense. During the first three months of fiscal 2021, the UK officially enacted legislation that increased its statutory rate from 17% to 19%, resulting in a $6.7 million non-cash deferred tax expense.

Retirement Plans

Retirement Plans	3 Months Ended
	Jul. 31, 2021
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, 2021 2020 Service cost $ 307 $ 333 Interest cost 5,223 4,521 Expected return on plan assets (10,259 ) (9,378 ) Amortization of prior service cost (22 ) (25 ) Amortization of net actuarial loss 1,897 1,987 Net pension income $ (2,854 ) $ (2,562 ) The service cost component of net pension income is reflected in Operating and administrative expenses on our Unaudited Condensed Consolidated Statements of Net Income. The other components of net pension income are reported separately from the service cost component and below Operating income. Such amounts are reflected in Other income, net on our Unaudited Condensed Consolidated Statements of Net Income. Employer defined benefit pension plan contributions were $4.5 million and $5.1 million for the three months ended July 31, 2021 and 2020, respectively. Defined Contribution Savings Plans The expense for employer defined contribution savings plans was $9.1 million and $6.6 million for the three months ended July 31, 2021 and 2020, respectively.

Debt and Available Credit Facil

Debt and Available Credit Facilities	3 Months Ended
	Jul. 31, 2021
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, 2021 April 30, 2021 Short-term portion of long-term debt (1) $ 12,500 $ 12,500 Term loan A - Amended and Restated RCA (2) 219,844 222,928 Revolving credit facility - Amended and Restated RCA 732,176 586,160 Total long-term debt, less current portion 952,020 809,088 Total debt $ 964,520 $ 821,588 (1) Relates to our term loan A under the Amended and Restated RCA. (2) Amounts are shown net of unamortized issuance costs of $0.5 million as of July 31, 2021 and $0.5 million as of April 30, 2021. 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 to 0.50%, depending on our consolidated net leverage ratio. The lender’s base rate is defined as the highest of (i) the US federal funds effective rate plus a 0.50% margin, (ii) the Eurocurrency rate, as defined, plus a 1.00% margin, or (iii) the Bank of America prime lending rate. In addition, we pay a facility fee for the revolving credit facility ranging from 0.15% to 0.25% depending on our consolidated net leverage ratio. We also have the option to request an increase in the revolving credit facility by an amount not to exceed $500 million, in minimum increments of $50 million, subject to the approval of the lenders. The Amended and Restated RCA The amortization expense of the costs incurred related to the Amended and Restated RCA related to the lender and non-lender fees is recognized over the term of the Amended and Restated RCA. Total amortization expense was $ million for the three months ended July 31, 2021 and 2020, respectively and is included in Interest expense . As of July 31, 2021, we had approximately $518.8 million of unused borrowing capacity under our Amended and Restated RCA and other facilities.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Jul. 31, 2021
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. 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, 2021, we had total debt outstanding of $964.5 million, net of unamortized issuance costs of $0.5 million of which $965.0 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 $400.0 million as of July 31, 2021 and April 30, 2021. 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, 2021 and April 30, 2021 was a deferred loss of $4.9 million and $5.6 million, respectively. Based on the maturity dates of the contracts, $1.6 million of the deferred loss as of July 31, 2021 was recorded within Other accrued liabilities and $3.3 million of the deferred loss was recorded within Other long-term liabilities. The entire deferred loss as of April 30, 2021 was recorded within Other long-term liabilities The pretax losses that were reclassified from Accumulated other comprehensive loss into Interest expense for the three months ended July 31, 2021 and 2020 were $1.1 million and $0.9 million, respectively. Foreign Currency Contracts We may enter into forward exchange contracts to manage our exposure on certain foreign currency denominated assets and liabilities. The forward exchange contracts are marked to market through Foreign exchange transaction gains (losses) on our Unaudited Condensed Consolidated Statements of Net 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 gains (losses) on our Unaudited Condensed Consolidated Statements of Net Income. As of July 31, 2021, and April 30, 2021, 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, 2021 and 2020.

Capital Stock and Changes in Ca

Capital Stock and Changes in Capital Accounts	3 Months Ended
	Jul. 31, 2021
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 and Class B Common Stock (shares in thousands): Three Months Ended July 31, 2021 Shares repurchased - Class A 129 Shares repurchased - Class B 1 Average price - Class A and Class B $ 56.88 There were no share repurchases during the three months ended July 31, 2020. Dividends The following table summarizes the cash dividends paid during the three months ended July 31, 2021: 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 22, 2021 $0.3450 per common share $19.3 million Class A and Class B July 21, 2021 July 6, 2021 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: 2021 2020 Number of shares, beginning of year 70,208 70,166 Common stock class conversions 3 11 Number of shares issued, end of period 70,211 70,177 Changes in Common Stock A in treasury: Number of shares held, beginning of year 23,419 23,405 Purchase of treasury shares 129 — Restricted shares issued under stock-based compensation plans - non-PSU Awards (118 ) (94 ) Restricted shares issued under stock-based compensation plans - PSU Awards (103 ) (86 ) Restricted shares issued from exercise of stock options (22 ) (33 ) Shares withheld for taxes 85 67 Number of shares held, end of period 23,390 23,259 Number of Common Stock A outstanding, end of period 46,821 46,918 Changes in Common Stock B: 2021 2020 Number of shares, beginning of year 12,974 13,016 Common stock class conversions (3 ) (11 ) Number of shares issued, end of period 12,971 13,005 Changes in Common Stock B in treasury: Number of shares held, beginning of year 3,922 3,920 Purchase of treasury shares 1 — Number of shares held, end of period 3,923 3,920 Number of Common Stock B outstanding, end of period 9,048 9,085

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jul. 31, 2021
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, 2021, will not have a material effect upon our consolidated financial condition or results of operations.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Jul. 31, 2021
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 Annual Report on Form 10-K for the fiscal year ended April 30, 2021 as filed with the SEC on July 6, 2021 (2021 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 US GAAP have been condensed or omitted. The preparation of our Unaudited Condensed Consolidated Financial Statements in conformity with US 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. In the fourth quarter of fiscal year 2021, a UK entity acquired in connection with the acquisition of mthree, which was acquired on January 1, 2020 , As a result of these events, the Company evaluated whether it was appropriate to consolidate the assets, liabilities, and operations of the entity as part of its consolidated financial statements as of April 30, 2021 and for the period from the entity being dissolved through April 30, 2021, and also whether there was a liability to the Crown and a related loss associated with the dissolution of the entity under US GAAP in the fiscal year 2021. The Company evaluated the criteria in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 810 As of July 31, 2021, there has been no change in the Company’s conclusions or in the expected timing of the restoration of the entity as described above. Accordingly, the Company continued to consolidate the assets, liabilities and operations of the entity in its consolidated financial statements as of July 31, 2021.

Recent Accounting Standards (Po

Recent Accounting Standards (Policies)	3 Months Ended
	Jul. 31, 2021
Recent Accounting Standards [Abstract]
Recently Adopted and Issued Accounting Standards	Recently Adopted Accounting Standards Simplifying the Accounting for Income Taxes In December 2019, the FASB issued Accounting Standards Update (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. We adopted ASU 2019-12 on May 1, 2021. The adoption did not have a material impact on our consolidated financial statements at the time of adoption. The impact in the future would depend on any changes in tax laws and the applicable enactment dates. In accordance with ASU 2019-12, the enactment date is when any effects are recognized in the consolidated financial statements. Recently Issued Accounting Standards Convertible Debt Instruments, Derivatives and EPS 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 earnings-per-share (EPS) guidance. This standard is effective for us on May 1, 2022, including interim periods within the fiscal year. 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

Revenue Recognition, Contract_2

Revenue Recognition, Contracts with Customers (Policies)	3 Months Ended
	Jul. 31, 2021
Revenue Recognition, Contracts with Customers [Abstract]
Revenue from Contract with Customer	Research Publishing & Platforms Research Publishing & Platforms’ customers include academic, corporate, government, and public libraries, funders of research, researchers, scientists, clinicians, engineers and technologists, scholarly and professional societies, and students and professors. Research Publishing & Platforms products are sold and distributed globally through multiple channels, including research libraries and library consortia, independent subscription agents, direct sales to professional society members, and other customers. Publishing centers include Australia, China, Germany, India, the United Kingdom (UK), and the United States (US). The majority of revenue generated from Research Publishing and Platforms products is recognized over time. Total Research Publishing & Platforms revenue was $274.8 million in the three months ended July 31, 2021. We disaggregated revenue by Research Publishing and Research Platforms to reflect the different type of products and services provided. Research Publishing Products Research Publishing products provide scientific, technical, medical, and scholarly journals, as well as related content and services, to academic, corporate, and government libraries, learned societies, and individual researchers and other professionals. Research Publishing revenue was $263.4 million in the three months ended July 31, 2021 and the majority is recognized over time. Research Publishing products generate approximately 80% of its revenue from contracts with its customers from Journal Subscriptions (pay to read), Open Access (pay to publish) and Comprehensive Agreements (read and publish) and the remainder from Licensing, Reprints, Backfiles, and Other. Research Platforms Services Research Platforms is a publishing software and service provider that enables scholarly and professional societies and publishers to deliver, host, enhance, market, and manage their content on the web through the Literatum platform. Research Platforms revenue was $11.4 million in the three months ended July 31, 2021 and the majority is recognized over time. Academic & Professional Learning Academic & Professional Learning provides Education Publishing and Professional Learning products and services including scientific, professional, and education print and digital books, digital courseware, and test preparation services, to libraries, corporations, students, professionals, and researchers, as well as learning, development, and assessment services for businesses and professionals. Communities served include business, finance, accounting, workplace learning, management, leadership, technology, behavioral health, engineering/ architecture, science and medicine, and education. Products are developed for worldwide distribution through multiple channels, including chain and online booksellers, libraries, colleges and universities, corporations, direct to consumer, web sites, distributor networks and other online applications. Publishing centers include Australia, Germany, India, the UK, and the US. Total Academic & Professional Learning revenue was $ million in the . We disaggregated revenue by type of products provided. Academic & Professional Learning products are Education Publishing and Professional Learning. Academic & Professional Learning revenues are mainly recognized at a point in time . Education Publishing Products Education Publishing products revenue was $66.4 million in the three months ended July 31, 2021. Education Publishing products generate approximately 75% of its revenue from contracts with its customers from Education (print and digital) Publishing, which is recognized at a point in time, and 7% from Digital Courseware which is recognized over time. The remainder of its revenues were from Test Preparation and Certification and Licensing and Other, which has a mix of revenue recognized at a point in time and over time. Professional Learning Products Professional Learning products revenue was $72.9 million in the three months ended July 31, 2021. Professional Learning (print and digital) products generate approximately 61% of revenue from contracts with its customers from Professional Publishing, and Licensing and Other, and both are mainly recognized at a point in time. Approximately 39% of Professional Learning products revenue is from contracts with its customers from Corporate Training and Corporate Learning, which is recognized mainly over time. Education Services Education Services revenue was $74.4 million in the three months ended July 31, 2021 and the majority is recognized over time. We disaggregated revenue by type of services provided, which are University Services (previously referred to as Education Services OPM) and Talent Development Services (previously referred to as mthree). University Services University Services revenue was $54.4 million in the three months ended July 31, 2021 and is mainly recognized over time. University Services engages in the comprehensive management of online degree programs for universities and has grown to include a broad array of tech enabled service offerings that address our partner specific pain points. Increasingly, this includes delivering full stack career credentialing education that advances specific careers with in-demand skills. Talent Development Services Talent Development Services revenue was $ million in the and is recognized at the point in time the services are provided to its customers. Talent Development Services 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.

Revenue Recognition, Contract_3

Revenue Recognition, Contracts with Customers (Tables)	3 Months Ended
	Jul. 31, 2021
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, 2021 2020 Research Publishing & Platforms: Research Publishing $ 263,358 $ 230,464 Research Platforms 11,398 10,346 Total Research Publishing & Platforms 274,756 240,810 Academic & Professional Learning: Education Publishing (1) 66,380 63,603 Professional Learning 72,884 62,829 Total Academic & Professional Learning 139,264 126,432 Education Services: University Services (2) 54,394 50,262 Talent Development Services (1)(3) 19,974 13,822 Total Education Services 74,368 64,084 Total Revenue $ 488,388 $ 431,326 (1) In May 2021, we moved the WileyNXT product offering from Academic & Professional Learning – Education Publishing to Education Services – Talent Development Services. As a result, the prior period results related to the WileyNXT product offering have been included in Education Services - Talent Development Services. The revenue was $0.5 million for the three months ended July 31, 2020. There were no changes to our total consolidated financial results. (2) University Services was previously referred to as Education Services OPM. (3) Talent Development Services was previously referred to as mthree.
Accounts Receivable, Net and Contract Liabilities from Contracts with Customers	The following table provides information about accounts receivable, net and contract liabilities from contracts with customers. July 31, 2021 April 30, 2021 Increase/ (Decrease) Balances from contracts with customers: Accounts receivable, net $ 284,579 $ 311,571 $ (26,992 ) Contract liabilities (1) 418,459 545,425 (126,966 ) Contract liabilities (included in Other long-term liabilities) $ 18,382 $ 19,560 $ (1,178 ) (1) The sales return reserve recorded in Contract liabilities is $40.7 million and $38.0 million, as of July 31, 2021 and April 30, 2021, respectively.

Operating Leases (Tables)

Operating Leases (Tables)	3 Months Ended
	Jul. 31, 2021
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, 2021 April 30, 2021 Operating lease ROU assets $ 122,334 $ 121,430 Short-term portion of operating lease liabilities 21,547 22,440 Operating lease liabilities, non-current $ 145,340 $ 145,832
Total Net Lease Costs	Our total net lease costs are as follows: Three Months Ended July 31, 2021 2020 Operating lease cost $ 5,917 $ 6,635 Variable lease cost 344 521 Short-term lease cost 20 88 Sublease income (201 ) (170 ) Total net lease cost (1) $ 6,080 $ 7,074 (1) Total net lease cost does not include those costs and sublease income included in Restructuring and related (credits) charges on our Unaudited Condensed Consolidated Statements of Net Income. This includes those operating leases we had identified in the year ended April 30, 2021 a See Note 9 , “Restructuring and Related (Credits) Charges” for more information on these programs.
Other Supplemental Information for Operating Leases	Other supplemental information includes the following: Three Months Ended July 31, 2021 2020 Weighted-average remaining contractual lease term (years) 9 10 Weighted-average discount rate 5.83 % 5.89 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,974 $ 8,974
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, 2021: Fiscal Year Operating Lease Liabilities 2022 (remaining 9 months) $ 22,263 2023 27,323 2024 26,010 2025 24,630 2026 21,991 Thereafter 95,376 Total future undiscounted minimum lease payments 217,593 Less: Imputed interest 50,706 Present value of minimum lease payments 166,887 Less: Current portion 21,547 Noncurrent portion $ 145,340

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Jul. 31, 2021
Stock-Based Compensation [Abstract]
Awards Granted to Employees	The following table summarizes awards we granted to employees (shares in thousands): Three Months Ended July 31, 2021 2020 Restricted Stock Awards granted (shares) 433 358 Weighted average fair value of grant $ 57.36 $ 38.88
Significant Assumptions Used in Fair Value Determination	Expected life of options (years) 6.3 Risk-free interest rate 1.1 % Expected volatility 30.6 % Expected dividend yield 2.4 % Fair value of common stock on grant date $ 57.34 Exercise price of stock option grant $ 63.07

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Jul. 31, 2021
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, 2021 and 2020 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at April 30, 2021 $ (257,941 ) $ (228,146 ) $ (4,703 ) $ (490,790 ) Other comprehensive (loss) income before reclassifications (5,937 ) 142 (293 ) (6,088 ) Amounts reclassified from Accumulated other comprehensive loss — 1,447 831 2,278 Total other comprehensive (loss) income (5,937 ) 1,589 538 (3,810 ) Balance at July 31, 2021 $ (263,878 ) $ (226,557 ) $ (4,165 ) $ (494,600 ) 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 income (loss) 46,853 (5,665 ) 191 41,379 Balance at July 31, 2020 $ (293,850 ) $ (233,585 ) $ (6,683 ) $ (534,118 )

Reconciliation of Weighted Av_2

Reconciliation of Weighted Average Shares Outstanding (Tables)	3 Months Ended
	Jul. 31, 2021
Reconciliation of Weighted Average Shares Outstanding [Abstract]
Reconciliation of Shares used in Computation of Earnings (Loss) Per Share	A reconciliation of the shares used in the computation of earnings per share follows (shares in thousands): Three Months Ended July 31, 2021 2020 Weighted average shares outstanding 55,869 55,916 Less: Unvested restricted shares — (4 ) Shares used for basic earnings per share 55,869 55,912 Dilutive effect of unvested restricted stock units and other stock awards 730 281 Shares used for diluted earnings per share 56,599 56,193 Antidilutive options to purchase Class A common shares, restricted shares, warrants to purchase Class A common shares, and contingently issuable restricted stock which are excluded from the table above 930 1,086

Restructuring and Related (Cr_2

Restructuring and Related (Credits) Charges (Tables) - Business Optimization Program [Member]	3 Months Ended
	Jul. 31, 2021
Restructuring Cost and Reserve [Line Items]
Pretax Restructuring (Credits) Charges	The following tables summarize the pretax restructuring (credits) charges related to this program: Three Months Ended July 31, Total Charges 2021 2020 Incurred to Date (Credits) Charges by Segment: Research Publishing & Platforms $ 216 $ (197 ) $ 3,861 Academic & Professional Learning 171 (227 ) 13,875 Education Services (34 ) 139 4,271 Corporate Expenses (629 ) 2,470 43,979 Total Restructuring and Related (Credits) Charges $ (276 ) $ 2,185 $ 65,986 (Credits) Charges by Activity: Severance and termination benefits $ (614 ) $ 1,110 $ 37,781 Impairment of operating lease ROU assets and property and equipment — — 15,079 Acceleration of expense related to operating lease ROU assets and property and equipment — — 3,378 Facility related charges, net 338 1,075 8,008 Other activities — — 1,740 Total Restructuring and Related (Credits) Charges $ (276 ) $ 2,185 $ 65,986
Activity for Restructuring Liability	The following table summarizes the activity for the Business Optimization Program liability for the three months ended July 31, 2021: April 30, 2021 (Credits) Payments Foreign Translation & Other Adjustments July 31, 2021 Severance and termination benefits $ 11,465 $ (614 ) $ (3,766 ) $ (71 ) $ 7,014 Total $ 11,465 $ (614 ) $ (3,766 ) $ (71 ) $ 7,014

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jul. 31, 2021
Segment Information [Abstract]
Segment Information	Segment information is as follows: Three Months Ended July 31, 2021 2020 Revenue: Research Publishing & Platforms $ 274,756 $ 240,810 Academic & Professional Learning (1) 139,264 126,432 Education Services (1) 74,368 64,084 Total revenue $ 488,388 $ 431,326 Adjusted Contribution to Profit: Research Publishing & Platforms $ 79,024 $ 69,621 Academic & Professional Learning (1) 8,323 (245 ) Education Services (1) (1,861 ) 595 Total adjusted contribution to profit 85,486 69,971 Adjusted corporate contribution to profit (44,794 ) (37,714 ) Total adjusted contribution to profit $ 40,692 $ 32,257 Depreciation and Amortization: Research Publishing & Platforms $ 23,762 $ 19,701 Academic & Professional Learning (1) 18,364 18,804 Education Services (1) 8,303 7,279 Total depreciation and amortization 50,429 45,784 Corporate depreciation and amortization 4,137 3,723 Total depreciation and amortization $ 54,566 $ 49,507 (1) In May 2021, we moved the WileyNXT product offering from Academic & Professional Learning to Education Services. As a result, the prior period results related to the WileyNXT product offering have been included in Education Services. The Revenue, Adjusted Contribution to Profit and Depreciation and Amortization for WileyNXT was $0.5 million, $0.1 million, and none, respectively, for the three months ended July 31, 2020. There were no changes to our total consolidated financial results.
Reconciliation of Consolidated US GAAP Operating Income to Non-GAAP Adjusted Contribution to Profit	The following table shows a reconciliation of our consolidated US GAAP Operating Income to Non-GAAP Adjusted Contribution to Profit: Three Months Ended July 31, 2021 2020 US GAAP Operating Income $ 40,968 $ 30,039 Adjustments: Restructuring and related (credits) charges (1) (276 ) 2,218 Non-GAAP Adjusted Contribution to Profit $ 40,692 $ 32,257 (1) See Note 9, “Restructuring and Related (Credits) Charges” for these charges by segment.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jul. 31, 2021
Inventories [Abstract]
Inventories	Inventories, net consisted of the following: July 31, 2021 April 30, 2021 Finished goods $ 28,645 $ 31,704 Work-in-process 2,767 2,060 Paper and other materials 376 331 Total inventories before estimated sales returns and LIFO reserve $ 31,788 $ 34,095 Inventory value of estimated sales returns 11,047 10,886 LIFO reserve (2,443 ) (2,443 ) Inventories, net $ 40,392 $ 42,538

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jul. 31, 2021
Goodwill and Intangible Assets [Abstract]
Activity in Goodwill by Segment	The following table summarizes the activity in goodwill by segment as of July 31, 2021: April 30, 2021 (1) Foreign Translation Adjustment July 31, 2021 Research Publishing & Platforms $ 619,203 $ (763 ) $ 618,440 Academic & Professional Learning 512,512 (1,884 ) 510,628 Education Services 172,625 (94 ) 172,531 Total $ 1,304,340 $ (2,741 ) $ 1,301,599 (1) The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million.
Intangible Assets, Net	Intangible assets, net were as follows: July 31, 2021 April 30, 2021 (1) Intangible assets with definite lives, net: Content and publishing rights $ 552,624 $ 564,229 Customer relationships 259,158 266,477 Developed technology 36,667 34,961 Brands and trademarks 18,684 19,536 Covenants not to compete 23 58 Total intangible assets with definite lives, net 867,156 885,261 Intangible assets with indefinite lives: Brands and trademarks 37,000 37,000 Publishing rights 91,457 93,041 Total intangible assets with indefinite lives 128,457 130,041 Total intangible assets, net $ 995,613 $ 1,015,302 (1) The developed technology balance as of April 30, 2021 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2021 is net of accumulated impairments of $93.1 million.

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Jul. 31, 2021
Retirement Plans [Abstract]
Components of Net 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, 2021 2020 Service cost $ 307 $ 333 Interest cost 5,223 4,521 Expected return on plan assets (10,259 ) (9,378 ) Amortization of prior service cost (22 ) (25 ) Amortization of net actuarial loss 1,897 1,987 Net pension income $ (2,854 ) $ (2,562 )

Debt and Available Credit Fac_2

Debt and Available Credit Facilities (Tables)	3 Months Ended
	Jul. 31, 2021
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, 2021 April 30, 2021 Short-term portion of long-term debt (1) $ 12,500 $ 12,500 Term loan A - Amended and Restated RCA (2) 219,844 222,928 Revolving credit facility - Amended and Restated RCA 732,176 586,160 Total long-term debt, less current portion 952,020 809,088 Total debt $ 964,520 $ 821,588 (1) Relates to our term loan A under the Amended and Restated RCA. (2) Amounts are shown net of unamortized issuance costs of $0.5 million as of July 31, 2021 and $0.5 million as of April 30, 2021.

Capital Stock and Changes in _2

Capital Stock and Changes in Capital Accounts (Tables)	3 Months Ended
	Jul. 31, 2021
Capital Stock and Changes in Capital Accounts [Abstract]
Summary of Shares Repurchased	The following table summarizes the shares repurchased of Class A and Class B Common Stock (shares in thousands): Three Months Ended July 31, 2021 Shares repurchased - Class A 129 Shares repurchased - Class B 1 Average price - Class A and Class B $ 56.88
Cash Dividends Paid	The following table summarizes the cash dividends paid during the three months ended July 31, 2021: 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 22, 2021 $0.3450 per common share $19.3 million Class A and Class B July 21, 2021 July 6, 2021
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: 2021 2020 Number of shares, beginning of year 70,208 70,166 Common stock class conversions 3 11 Number of shares issued, end of period 70,211 70,177 Changes in Common Stock A in treasury: Number of shares held, beginning of year 23,419 23,405 Purchase of treasury shares 129 — Restricted shares issued under stock-based compensation plans - non-PSU Awards (118 ) (94 ) Restricted shares issued under stock-based compensation plans - PSU Awards (103 ) (86 ) Restricted shares issued from exercise of stock options (22 ) (33 ) Shares withheld for taxes 85 67 Number of shares held, end of period 23,390 23,259 Number of Common Stock A outstanding, end of period 46,821 46,918 Changes in Common Stock B: 2021 2020 Number of shares, beginning of year 12,974 13,016 Common stock class conversions (3 ) (11 ) Number of shares issued, end of period 12,971 13,005 Changes in Common Stock B in treasury: Number of shares held, beginning of year 3,922 3,920 Purchase of treasury shares 1 — Number of shares held, end of period 3,923 3,920 Number of Common Stock B outstanding, end of period 9,048 9,085

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	Jul. 31, 2021	Apr. 30, 2021
Basis of Presentation [Abstract]
Intercompany receivables	$ 189.1	$ 188.8

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2021	[1]
Acquisitions [Abstract]
Fair value of cash consideration transferred, including those amounts paid after acquisition, net of cash acquired		$ 3,032	$ 136
Revenue		488,388	431,326
Operating income		40,968	$ 30,039
Goodwill		1,301,599		$ 1,304,340
Research Publishing & Platforms [Member]
Acquisitions [Abstract]
Goodwill		618,440		$ 619,203
Hindawi [Member]
Acquisitions [Abstract]
Percentage of ownership interest acquired	100.00%
Fair value of consideration transferred	$ 300,100
Total cash consideration transferred	299,300
Settlement of preexisting relationship	800
Cash acquired	1,000
Fair value of cash consideration transferred, including those amounts paid after acquisition, net of cash acquired	298,300
Intangible assets, net	194,900
Hindawi [Member] | Research Publishing & Platforms [Member]
Acquisitions [Abstract]
Revenue		11,500
Operating income		$ 1,800
Goodwill	$ 147,400
[1]	The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million.

Revenue Recognition, Contract_4

Revenue Recognition, Contracts with Customers, Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		$ 488,388	$ 431,326
Research Publishing & Platforms [Member] | Research Publishing [Member] | Journal Subscriptions, Open Access and Comprehensive Agreements [Member] | Product Concentration Risk [Member] | Revenue from Contract with Customers [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue percentage		80.00%
Academic & Professional Learning [Member] | Education Publishing [Member] | Print and Digital [Member] | Transferred at Point in Time [Member] | Product Concentration Risk [Member] | Revenue from Contract with Customers [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue percentage		75.00%
Academic & Professional Learning [Member] | Education Publishing [Member] | Digital Courseware [Member] | Transferred over Time [Member] | Product Concentration Risk [Member] | Revenue from Contract with Customers [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue percentage		7.00%
Academic & Professional Learning [Member] | Professional Learning [Member] | Professional Publishing, and Licensing and Other, [Member] | Transferred at Point in Time [Member] | Product Concentration Risk [Member] | Revenue from Contract with Customers [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue percentage		61.00%
Academic & Professional Learning [Member] | Professional Learning [Member] | Corporate Training and Corporate Learning [Member] | Transferred over Time [Member] | Product Concentration Risk [Member] | Revenue from Contract with Customers [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue percentage		39.00%
Education Services [Member] | Talent Development Services [Member] | Wiley NXT [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue			500
Operating Segments [Member] | Research Publishing & Platforms [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		$ 274,756	240,810
Operating Segments [Member] | Research Publishing & Platforms [Member] | Research Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		263,358	230,464
Operating Segments [Member] | Research Publishing & Platforms [Member] | Research Platforms [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		11,398	10,346
Operating Segments [Member] | Academic & Professional Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[1]	139,264	126,432
Operating Segments [Member] | Academic & Professional Learning [Member] | Education Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[2]	66,380	63,603
Operating Segments [Member] | Academic & Professional Learning [Member] | Professional Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		72,884	62,829
Operating Segments [Member] | Education Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[1]	74,368	64,084
Operating Segments [Member] | Education Services [Member] | University Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[3]	54,394	50,262
Operating Segments [Member] | Education Services [Member] | Talent Development Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[2],[4]	$ 19,974	$ 13,822
[1]	In May 2021, we moved the WileyNXT product offering from Academic & Professional Learning to Education Services. As a result, the prior period results related to the WileyNXT product offering have been included in Education Services. The Revenue, Adjusted Contribution to Profit and Depreciation and Amortization for WileyNXT was $0.5 million, $0.1 million, and none, respectively, for the three months ended July 31, 2020. There were no changes to our total consolidated financial results.
[2]	In May 2021, we moved the WileyNXT product offering from Academic & Professional Learning – Education Publishing to Education Services – Talent Development Services. As a result, the prior period results related to the WileyNXT product offering have been included in Education Services - Talent Development Services. The revenue was $0.5 million for the three months ended July 31, 2020. There were no changes to our total consolidated financial results.
[3]	University Services was previously referred to as Education Services OPM.
[4]	Talent Development Services was previously referred to as mthree.

Revenue Recognition, Contract_5

Revenue Recognition, Contracts with Customers, Accounts Receivable, net and Contract Liability Balances (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2021	Apr. 30, 2021
Balances from contracts with customers [Abstract]
Accounts receivable, net		$ 284,579	$ 311,571
Contract liabilities	[1]	418,459	545,425
Contract liabilities (included in Other long-term liabilities)		18,382	19,560
Increase/(decrease) [Abstract]
Accounts receivable, net		(26,992)
Contract liabilities	[1]	(126,966)
Contract liabilities (included in Other long-term liabilities)		(1,178)
Sales return reserve recorded in contract liability		$ 40,700	$ 38,000
Revenue recognized from beginning contract liability, percentage		40.00%
[1]	The sales return reserve recorded in Contract liabilities is $40.7 million and $38.0 million, as of July 31, 2021 and April 30, 2021, respectively.

Revenue Recognition, Contract_6

Revenue Recognition, Contracts with Customers, Remaining Performance Obligations included in Contract Liability (Details) - USD ($) $ in Millions	Jul. 31, 2021	Apr. 30, 2021
Remaining Performance Obligations [Abstract]
Remaining performance obligations	$ 436.8
Sales return reserve recorded in contract liability	40.7	$ 38
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-08-01
Remaining Performance Obligations [Abstract]
Remaining performance obligations excluding sales return reserve	$ 377.7
Expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-08-01
Remaining Performance Obligations [Abstract]
Remaining performance obligations	$ 18.4
Expected timing of satisfaction, period

Revenue Recognition, Contract_7

Revenue Recognition, Contracts with Customers, Assets Recognized for the Costs to Fulfill a Contract (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2021
Assets Recognized for the Costs to Obtain or Fulfill a Contract [Abstract]
Costs capitalized	$ 11,800		$ 12,100
Amortization	1,500	$ 1,200
Cost of revenue [Abstract]
Operating and administrative expenses	260,589	237,369
Shipping and Handling [Member]
Cost of revenue [Abstract]
Operating and administrative expenses	$ 6,800	$ 6,700

Operating Leases (Details)

Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2021	Apr. 30, 2021
ROU Assets and Lease Liabilities [Abstract]
Operating lease ROU assets	$ 122,334	$ 121,430
Short-term portion of operating lease liabilities	21,547	22,440
Operating lease liabilities, non-current	145,340	$ 145,832
Increase (decrease) in ROU assets due to new leases as well as modifications and remeasurements to existing operating leases	5,000
Increase (decrease) in operating lease liabilities due to new leases as well as modifications and remeasurements to existing operating leases	$ 5,000

Operating Leases, Total Net Lea

Operating Leases, Total Net Lease Costs (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
Net Lease Costs [Abstract]
Operating lease cost		$ 5,917	$ 6,635
Variable lease cost		344	521
Short-term lease cost		20	88
Sublease income		(201)	(170)
Total net lease cost	[1]	$ 6,080	$ 7,074
[1]	Total net lease cost does not include those costs and sublease income included in Restructuring and related (credits) charges on our Unaudited Condensed Consolidated Statements of Net Income. This includes those operating leases we had identified in the year ended April 30, 2021 as part of our Business Optimization program that would be subleased. See Note 9, “Restructuring and Related (Credits) 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, 2021	Jul. 31, 2020
Other Supplemental Information for Operating Leases [Abstract]
Weighted-average remaining contractual lease term (years)	9 years	10 years
Weighted-average discount rate	5.83%	5.89%
Cash paid for amounts included in the measurement of lease liabilities [Abstract]
Operating cash flows from operating leases	$ 7,974	$ 8,974

Operating Leases, Reconciliatio

Operating Leases, Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Apr. 30, 2021
Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities [Abstract]
2022 (remaining 9 months)	$ 22,263
2023	27,323
2024	26,010
2025	24,630
2026	21,991
Thereafter	95,376
Total future undiscounted minimum lease payments	217,593
Less: Imputed interest	50,706
Present value of minimum lease payments	166,887
Less: Current portion	21,547	$ 22,440
Noncurrent portion	$ 145,340	$ 145,832

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Stock-based Compensation [Abstract]
Share-based compensation expense	$ 6,341	$ 4,314
Performance-based Stock Awards [Member]
Stock-based Compensation [Abstract]
Period for achievement of performance-based targets	3 years

Stock-Based Compensation, Perfo

Stock-Based Compensation, Performance-Based and Other Restricted Stock Activity (Details) - $ / shares shares in Thousands	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Restricted Stock [Member]
Restricted Stock [Abstract]
Awards granted (in shares)	433	358
Weighted average fair value of grant (in dollars per share)	$ 57.36	$ 38.88
Performance-based Stock Awards [Member]
Restricted Stock [Abstract]
Period for achievement of performance-based targets	3 years

Stock-Based Compensation, Stock

Stock-Based Compensation, Stock Option Activity (Details) - Stock Options [Member] - USD ($) $ / shares in Units, $ in Millions	Jun. 24, 2021	Jul. 31, 2021	Apr. 30, 2021	Apr. 30, 2019
Stock Options [Abstract]
Awards granted (in shares)	220,000		0
Significant Assumptions Used in Fair Value Determination [Abstract]
Expected life of options (years)		6 years 3 months 18 days
Risk-free interest rate		1.10%
Expected volatility		30.60%
Expected dividend yield		2.40%
Fair value of common stock on grant date (in dollars per share)	$ 11.80	$ 57.34
Exercise price of stock option grant (in dollars per share)		$ 63.07
Unrecognized share-based compensation expense remaining				$ 0
Maximum [Member]
Stock Options [Abstract]
Exercisable period		10 years
Vesting on April 30, 2022 [Member]
Stock Options [Abstract]
Award vesting percentage	10.00%
Vesting on April 30, 2023 [Member]
Stock Options [Abstract]
Award vesting percentage	20.00%
Vesting on April 30, 2024 [Member]
Stock Options [Abstract]
Award vesting percentage	30.00%
Vesting on April 30, 2025 [Member]
Stock Options [Abstract]
Award vesting percentage	40.00%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 1,091,291	$ 933,624
Other comprehensive (loss) income before reclassifications	(6,088)	38,994
Amounts reclassified from Accumulated other comprehensive loss	2,278	2,385
Total other comprehensive (loss) income	(3,810)	41,379
Balance	1,077,905	973,745
Accumulated Other Comprehensive Loss [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(490,790)	(575,497)
Balance	(494,600)	(534,118)
Foreign Currency Translation [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(257,941)	(340,703)
Other comprehensive (loss) income before reclassifications	(5,937)	46,853
Amounts reclassified from Accumulated other comprehensive loss	0	0
Total other comprehensive (loss) income	(5,937)	46,853
Balance	(263,878)	(293,850)
Unamortized Retirement Costs [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(228,146)	(227,920)
Other comprehensive (loss) income before reclassifications	142	(7,190)
Amounts reclassified from Accumulated other comprehensive loss	1,447	1,525
Total other comprehensive (loss) income	1,589	(5,665)
Balance	(226,557)	(233,585)
Interest Rate Swaps [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(4,703)	(6,874)
Other comprehensive (loss) income before reclassifications	(293)	(669)
Amounts reclassified from Accumulated other comprehensive loss	831	860
Total other comprehensive (loss) income	538	191
Balance	$ (4,165)	$ (6,683)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss, Reclassification out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Amortization from Accumulated Other Comprehensive Loss [Abstract]
Pension expense	$ (2,854)	$ (2,562)
Reclassification out of Accumulated Other Comprehensive Loss [Member]
Amortization from Accumulated Other Comprehensive Loss [Abstract]
Pension expense	$ 1,800	$ 1,900

Reconciliation of Weighted Av_3

Reconciliation of Weighted Average Shares Outstanding (Details) - shares shares in Thousands	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Reconciliation of Weighted Average Shares Outstanding [Abstract]
Weighted average shares outstanding (in shares)	55,869	55,916
Less: Unvested restricted shares (in shares)	0	(4)
Shares used for basic earnings per share (in shares)	55,869	55,912
Dilutive effect of unvested restricted stock units and other stock awards (in shares)	730	281
Shares used for diluted earnings per share (in shares)	56,599	56,193
Stock Options [Member]
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]
Antidilutive options to purchase Class A common shares, restricted shares, warrants to purchase Class A common shares, and contingently issuable restricted stock which are excluded from the table above (in shares)	930	1,086

Restructuring and Related (Cr_3

Restructuring and Related (Credits) Charges, Pre-tax Restructuring Charges (Credits) (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges	[1]	$ (276)	$ 2,218
Business Optimization Program [Member]
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges		(276)	2,185
Restructuring and related charges incurred to date		65,986
Business Optimization Program [Member] | Severance and Termination Benefits [Member]
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges		(614)	1,110
Restructuring and related charges incurred to date		37,781
Business Optimization Program [Member] | Impairment of Operating Lease ROU Assets and Property and Equipment [Member]
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges		0	0
Restructuring and related charges incurred to date		15,079
Business Optimization Program [Member] | Acceleration of Expense Related to Operating Lease ROU Assets and Property and Equipment [Member]
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges		0	0
Restructuring and related charges incurred to date		3,378
Business Optimization Program [Member] | Facility Related Charges, Net [Member]
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges		338	1,075
Restructuring and related charges incurred to date		8,008
Business Optimization Program [Member] | Other Activities [Member]
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges		0	0
Restructuring and related charges incurred to date		1,740
Research Publishing & Platforms [Member] | Business Optimization Program [Member]
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges		216	(197)
Restructuring and related charges incurred to date		3,861
Academic & Professional Learning [Member] | Business Optimization Program [Member]
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges		171	(227)
Restructuring and related charges incurred to date		13,875
Education Services [Member] | Business Optimization Program [Member]
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges		(34)	139
Restructuring and related charges incurred to date		4,271
Corporate Expenses [Member] | Business Optimization Program [Member]
Summary of pretax restructuring (credits) charges [Abstract]
Restructuring and related (credits) charges		(629)	$ 2,470
Restructuring and related charges incurred to date		$ 43,979
[1]	See Note 9, “Restructuring and Related (Credits) Charges” for these charges by segment.

Restructuring and Related (Cr_4

Restructuring and Related (Credits) Charges, Activity for Business Optimization Program (Details) - Business Optimization Program [Member] $ in Thousands	3 Months Ended
	Jul. 31, 2021USD ($)
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	$ 11,465
(Credits)	(614)
Payments	(3,766)
Foreign translation & other adjustments	(71)
Restructuring liability, end of period	7,014
Severance and Termination Benefits [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	11,465
(Credits)	(614)
Payments	(3,766)
Foreign translation & other adjustments	(71)
Restructuring liability, end of period	$ 7,014

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
Segment Information [Abstract]
Revenue		$ 488,388	$ 431,326
Adjusted contribution to profit		40,692	32,257
Depreciation and amortization		54,566	49,507
Education Services [Member] | WileyNXT [Member]
Segment Information [Abstract]
Revenue			500
Adjusted contribution to profit			100
Depreciation and amortization			0
Operating Segments [Member]
Segment Information [Abstract]
Adjusted contribution to profit		85,486	69,971
Depreciation and amortization		50,429	45,784
Operating Segments [Member] | Research Publishing & Platforms [Member]
Segment Information [Abstract]
Revenue		274,756	240,810
Adjusted contribution to profit		79,024	69,621
Depreciation and amortization		23,762	19,701
Operating Segments [Member] | Academic & Professional Learning [Member]
Segment Information [Abstract]
Revenue	[1]	139,264	126,432
Adjusted contribution to profit	[1]	8,323	(245)
Depreciation and amortization	[1]	18,364	18,804
Operating Segments [Member] | Education Services [Member]
Segment Information [Abstract]
Revenue	[1]	74,368	64,084
Adjusted contribution to profit	[1]	(1,861)	595
Depreciation and amortization	[1]	8,303	7,279
Corporate [Member]
Segment Information [Abstract]
Adjusted contribution to profit		(44,794)	(37,714)
Depreciation and amortization		$ 4,137	$ 3,723
[1]	In May 2021, we moved the WileyNXT product offering from Academic & Professional Learning to Education Services. As a result, the prior period results related to the WileyNXT product offering have been included in Education Services. The Revenue, Adjusted Contribution to Profit and Depreciation and Amortization for WileyNXT was $0.5 million, $0.1 million, and none, respectively, for the three months ended July 31, 2020. There were no changes to our total consolidated financial results.

Segment Information, Reconcilia

Segment Information, Reconciliation of Consolidated US GAAP Operating Income to Non-GAAP Adjusted Contribution to Profit (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
Reconciliation of Consolidated US GAAP Operating Income to Non-GAAP Adjusted Contribution to Profit [Abstract]
US GAAP Operating Income		$ 40,968	$ 30,039
Adjustments [Abstract]
Restructuring and related (credits) charges	[1]	(276)	2,218
Non-GAAP Adjusted Contribution to Profit		$ 40,692	$ 32,257
[1]	See Note 9, “Restructuring and Related (Credits) Charges” for these charges by segment.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Apr. 30, 2021
Inventories [Abstract]
Finished goods	$ 28,645	$ 31,704
Work-in-process	2,767	2,060
Paper and other materials	376	331
Total inventories before estimated sales returns and LIFO reserve	31,788	34,095
Inventory value of estimated sales returns	11,047	10,886
LIFO reserve	(2,443)	(2,443)
Inventories, net	$ 40,392	$ 42,538

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Goodwill (Details) $ in Thousands	3 Months Ended
	Jul. 31, 2021USD ($)
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	$ 1,304,340	[1]
Foreign translation adjustment	(2,741)
Balance, end of period	1,301,599
Goodwill impairment	110,000
Research Publishing & Platforms [Member]
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	619,203	[1]
Foreign translation adjustment	(763)
Balance, end of period	618,440
Academic & Professional Learning [Member]
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	512,512	[1]
Foreign translation adjustment	(1,884)
Balance, end of period	510,628
Education Services [Member]
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	172,625	[1]
Foreign translation adjustment	(94)
Balance, end of period	$ 172,531
[1]	The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million.

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Apr. 30, 2021
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	$ 867,156	$ 885,261	[1]
Intangible assets with indefinite lives [Abstract]
Intangible assets with indefinite lives	128,457	130,041	[1]
Intangible assets (excluding goodwill) [Abstract]
Total intangible assets, net	995,613	1,015,302	[1]
Brands and Trademarks [Member]
Intangible assets with indefinite lives [Abstract]
Intangible assets with indefinite lives	37,000	37,000	[1]
Accumulated impairment		93,100
Content and Publishing Rights [Member]
Intangible assets with indefinite lives [Abstract]
Intangible assets with indefinite lives	91,457	93,041	[1]
Content and Publishing Rights [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	552,624	564,229	[1]
Customer Relationships [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	259,158	266,477	[1]
Developed Technology [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	36,667	34,961	[1]
Accumulated impairment		2,800
Brands and Trademarks [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	18,684	19,536	[1]
Covenants Not to Compete [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	$ 23	$ 58	[1]
[1]	The developed technology balance as of April 30, 2021 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2021 is net of accumulated impairments of $93.1 million.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Effective income tax rate [Abstract]
Effective tax rate as reported	68.60%	45.10%
U.K. [Member]
Effective income tax rate [Abstract]
Non-cash deferred tax expense from re-measurement of net deferred tax liabilities	$ 20.7	$ 6.7
Minimum [Member] | U.K. [Member]
Effective income tax rate [Abstract]
Foreign statutory tax rate	19.00%	17.00%
Maximum [Member] | U.K. [Member]
Effective income tax rate [Abstract]
Foreign statutory tax rate	25.00%	19.00%

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Components of net pension income for defined benefit plans [Abstract]
Service cost	$ 307	$ 333
Interest cost	5,223	4,521
Expected return on plan assets	(10,259)	(9,378)
Amortization of prior service cost	(22)	(25)
Amortization of net actuarial loss	1,897	1,987
Net pension income	(2,854)	(2,562)
Employer defined benefit pension plan contributions	4,500	5,100
Defined Contribution Savings Plans [Abstract]
Expense for employer defined contribution savings plans	$ 9,100	$ 6,600

Debt and Available Credit Fac_3

Debt and Available Credit Facilities (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2021	May 30, 2019
Components of Total Debt Outstanding [Abstract]
Short-term portion of long-term debt	[1]	$ 12,500		$ 12,500
Total long-term debt, less current portion		952,020		809,088
Total debt		964,520		821,588
Unamortized issuance costs		$ 500		500
Amended and Restated RCA [Member]
Debt and Available Credit Facilities [Abstract]
Term of credit facility		5 years
Amortization expense of the lender and non-lender fees in interest expense		$ 300	$ 300
Term Loan A Facility [Member]
Debt and Available Credit Facilities [Abstract]
Term of credit facility		5 years
Term Loan A Facility [Member] | Amended and Restated RCA [Member]
Components of Total Debt Outstanding [Abstract]
Total long-term debt, less current portion	[2]	$ 219,844		222,928
Debt and Available Credit Facilities [Abstract]
Credit agreement face amount					$ 250,000
Revolving Credit Facility [Member]
Debt and Available Credit Facilities [Abstract]
Term of credit facility		5 years
Revolving Credit Facility [Member] | Amended and Restated RCA [Member]
Components of Total Debt Outstanding [Abstract]
Total long-term debt, less current portion		$ 732,176		$ 586,160
Debt and Available Credit Facilities [Abstract]
Amount of financing available under credit facilities					$ 1,250,000
Syndicate Bank Group led by Bank of America [Member] | Revolving Credit Facility [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
Unused borrowing capacity under our Amended and Restated RCA and other facilities		$ 518,800
Syndicate Bank Group led by Bank of America [Member] | Revolving Credit Facility [Member] | Amended and Restated RCA [Member] | Minimum [Member]
Debt and Available Credit Facilities [Abstract]
Line of credit facility fee percentage		0.15%
Syndicate Bank Group led by Bank of America [Member] | Revolving Credit Facility [Member] | Amended and Restated RCA [Member] | Maximum [Member]
Debt and Available Credit Facilities [Abstract]
Line of credit facility fee percentage		0.25%
Syndicate Bank Group led by Bank of America [Member] | Revolving Credit Facility [Member] | Amended and Restated RCA [Member] | LIBOR [Member] | Minimum [Member]
Debt and Available Credit Facilities [Abstract]
Applicable margin		0.98%
Syndicate Bank Group led by Bank of America [Member] | Revolving Credit Facility [Member] | Amended and Restated RCA [Member] | LIBOR [Member] | Maximum [Member]
Debt and Available Credit Facilities [Abstract]
Applicable margin		1.50%
Syndicate Bank Group led by Bank of America [Member] | Revolving Credit Facility [Member] | Amended and Restated RCA [Member] | Base Rate [Member] | Minimum [Member]
Debt and Available Credit Facilities [Abstract]
Applicable margin		0.00%
Syndicate Bank Group led by Bank of America [Member] | Revolving Credit Facility [Member] | Amended and Restated RCA [Member] | Base Rate [Member] | Maximum [Member]
Debt and Available Credit Facilities [Abstract]
Applicable margin		0.50%
Syndicate Bank Group led by Bank of America [Member] | Revolving Credit Facility [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%
Syndicate Bank Group led by Bank of America [Member] | Revolving Credit Facility [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 $0.5 million as of July 31, 2021 and $0.5 million as of April 30, 2021.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2021
Derivative Instruments and Hedging Activities [Abstract]
Total debt outstanding	$ 964,520		$ 821,588
Unamortized debt issuance costs	500		500
Variable rate loans outstanding	965,000
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities [Abstract]
Notional amount of derivative liability	400,000		400,000
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Expense [Member]
Derivative Instruments and Hedging Activities [Abstract]
Net losses reclassified from Accumulated other comprehensive loss	(1,100)	$ (900)
Interest Rate Swaps [Member] | Recurring [Member] | Level 2 [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities [Abstract]
Liabilities of derivative instrument	4,900		$ 5,600
Interest Rate Swaps [Member] | Recurring [Member] | Level 2 [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Accrued Liabilities [Member]
Derivative Instruments and Hedging Activities [Abstract]
Liabilities of derivative instrument	1,600
Interest Rate Swaps [Member] | Recurring [Member] | Level 2 [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Long-term Liabilities [Member]
Derivative Instruments and Hedging Activities [Abstract]
Liabilities of derivative instrument	$ 3,300

Capital Stock and Changes in _3

Capital Stock and Changes in Capital Accounts, Share Repurchases (Details) - $ / shares	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Share Repurchases [Abstract]
Shares repurchased (in shares)		0
Class A [Member]
Share Repurchases [Abstract]
Shares repurchased (in shares)	129
Average price (in dollars per share)	$ 56.88
Class B [Member]
Share Repurchases [Abstract]
Shares repurchased (in shares)	1
Average price (in dollars per share)	$ 56.88

Capital Stock and Changes in _4

Capital Stock and Changes in Capital Accounts, Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 21, 2021	Jul. 31, 2021	Jul. 31, 2020
Cash Dividends [Abstract]
Total dividend		$ 19,307	$ 19,261
Class A [Member]
Cash Dividends [Abstract]
Quarterly cash dividend (in dollars per share)		$ 0.3450	$ 0.3425
Class B [Member]
Cash Dividends [Abstract]
Quarterly cash dividend (in dollars per share)		$ 0.3450	$ 0.3425
Dividend Declared in Q1 2021 [Member] | Class A [Member]
Cash Dividends [Abstract]
Date of declaration by board of directors		Jun. 22, 2021
Quarterly cash dividend (in dollars per share)		$ 0.3450
Total dividend	$ 19,300
Dividend paid date		Jul. 21, 2021
Shareholders of record as of date		Jul. 6, 2021
Dividend Declared in Q1 2021 [Member] | Class B [Member]
Cash Dividends [Abstract]
Date of declaration by board of directors		Jun. 22, 2021
Quarterly cash dividend (in dollars per share)		$ 0.3450
Total dividend	$ 19,300
Dividend paid date		Jul. 21, 2021
Shareholders of record as of date		Jul. 6, 2021

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, 2021	Jul. 31, 2020
Class A [Member]
Changes in Common Stock [Abstract]
Number of shares, beginning of year (in shares)	70,208	70,166
Common stock class conversions (in shares)	3	11
Number of shares issued, end of period (in shares)	70,211	70,177
Changes in Common Stock in Treasury [Abstract]
Number of shares held, beginning of year (in shares)	23,419	23,405
Purchase of treasury shares (in shares)	129	0
Restricted shares issued from exercise of stock options (in shares)	(22)	(33)
Shares withheld for taxes (in shares)	85	67
Number of shares held, end of period (in shares)	23,390	23,259
Number of Common Stock outstanding, end of period (in shares)	46,821	46,918
Class A [Member] | Non-PSU Awards [Member]
Changes in Common Stock in Treasury [Abstract]
Restricted shares issued under stock-based compensation plans (in shares)	(118)	(94)
Class A [Member] | PSU Awards [Member]
Changes in Common Stock in Treasury [Abstract]
Restricted shares issued under stock-based compensation plans (in shares)	(103)	(86)
Class B [Member]
Changes in Common Stock [Abstract]
Number of shares, beginning of year (in shares)	12,974	13,016
Common stock class conversions (in shares)	(3)	(11)
Number of shares issued, end of period (in shares)	12,971	13,005
Changes in Common Stock in Treasury [Abstract]
Number of shares held, beginning of year (in shares)	3,922	3,920
Purchase of treasury shares (in shares)	1	0
Number of shares held, end of period (in shares)	3,923	3,920
Number of Common Stock outstanding, end of period (in shares)	9,048	9,085