John Wiley & Sons (WLY) 10-Q 9 Mar 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2022	Feb. 28, 2022
Entity Listings [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2022
Current Fiscal Year End Date	--04-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
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		46,669,560
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		9,040,462

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED - USD ($) $ in Thousands		Jan. 31, 2022	Apr. 30, 2021
Current assets
Cash and cash equivalents		$ 109,444	$ 93,795
Accounts receivable, net of allowance for credit losses of $22.8 million and $21.5 million, respectively		267,988	311,571
Inventories, net		39,726	42,538
Prepaid expenses and other current assets		74,412	78,393
Total current assets		491,570	526,297
Product development assets, net		44,350	49,517
Royalty advances, net		36,523	39,582
Technology, property and equipment, net		271,984	282,270
Intangible assets, net		970,893	1,015,302	[1]
Goodwill		1,325,964	1,304,340	[2]
Operating lease right-of-use assets		118,155	121,430
Other non-current assets		118,545	107,701
Total assets		3,377,984	3,446,439
Current liabilities
Accounts payable		76,743	95,791
Accrued royalties		141,304	78,582
Short-term portion of long-term debt	[3]	15,625	12,500
Contract liabilities	[4]	355,846	545,425
Accrued employment costs		105,286	144,744
Accrued income taxes		16,804	8,590
Short-term portion of operating lease liabilities		21,598	22,440
Other accrued liabilities		88,275	80,900
Total current liabilities		821,481	988,972
Long-term debt		902,045	809,088
Accrued pension liability		115,860	146,247
Deferred income tax liabilities		182,899	172,903
Operating lease liabilities		139,587	145,832
Other long-term liabilities		96,594	92,106
Total liabilities		2,258,466	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		457,165	444,358
Retained earnings		1,897,321	1,850,058
Accumulated other comprehensive loss, net of tax		(507,439)	(490,790)
Less treasury shares at cost (Class A - 23,549 and 23,419 as of January 31, 2022 and April 30, 2021, respectively; Class B - 3,924 and 3,922 as of January 31, 2022 and April 30, 2021, respectively)		(810,711)	(795,517)
Total shareholders' equity		1,119,518	1,091,291
Total liabilities and shareholders' equity		3,377,984	3,446,439
Class A [Member]
Shareholders' equity
Common stock		70,218	70,208
Class B [Member]
Shareholders' equity
Common stock		$ 12,964	$ 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 $39.4 million and $38.0 million, as of January 31, 2022 and April 30, 2021, respectively.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED (Parenthetical) - USD ($) shares in Thousands, $ in Millions	Jan. 31, 2022	Apr. 30, 2021
Current assets
Accounts receivable, allowance for credit losses	$ 22.8	$ 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)	70,218	70,208
Treasury stock (in shares)	23,549	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)	12,964	12,974
Treasury stock (in shares)	3,924	3,922

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - UNAUDITED - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - UNAUDITED [Abstract]
Revenue, net		$ 515,884	$ 482,912	$ 1,537,275	$ 1,405,249
Costs and expenses
Cost of sales		172,916	157,636	513,654	457,298
Operating and administrative expenses		275,475	251,242	800,254	735,778
Restructuring and related charges (credits)	[1]	448	20,675	(1,161)	24,813
Amortization of intangible assets		21,056	19,032	63,683	53,089
Total costs and expenses		469,895	448,585	1,376,430	1,270,978
Operating income		45,989	34,327	160,845	134,271
Interest expense		(5,103)	(4,853)	(14,739)	(13,928)
Foreign exchange transaction losses		(488)	(5,694)	(1,488)	(6,473)
Gain on sale of certain assets		0	0	3,694	0
Other income, net		2,821	3,612	9,524	11,769
Income before taxes		43,219	27,392	157,836	125,639
Provision for income taxes		7,853	5,231	52,673	18,712
Net income		$ 35,366	$ 22,161	$ 105,163	$ 106,927
Earnings per share
Basic (in dollars per share)		$ 0.63	$ 0.40	$ 1.89	$ 1.91
Diluted (in dollars per share)		$ 0.63	$ 0.39	$ 1.86	$ 1.90
Weighted average number of common shares outstanding:
Basic (in shares)		55,701	55,984	55,789	55,967
Diluted (in shares)		56,389	56,332	56,481	56,230
[1]	See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED [Abstract]
Net income	$ 35,366	$ 22,161	$ 105,163	$ 106,927
Other comprehensive (loss) income:
Foreign currency translation adjustment	(15,918)	48,305	(31,338)	83,532
Unamortized retirement credits (costs), net of tax (expense) benefit of $(1,328), $1,912, $(2,954), and $2,621, respectively	4,688	(6,774)	10,342	(9,036)
Unrealized gain on interest rate swaps, net of tax (expense) of $(678), $(184), $(1,453) and $(436), respectively	2,000	582	4,347	1,472
Total other comprehensive (loss) income	(9,230)	42,113	(16,649)	75,968
Comprehensive income	$ 26,136	$ 64,274	$ 88,514	$ 182,895

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Other comprehensive (loss) income:
Unamortized retirement credits (costs), tax (expense) benefit	$ (1,328)	$ 1,912	$ (2,954)	$ 2,621
Unrealized gain on interest rate swaps, tax (expense)	$ (678)	$ (184)	$ (1,453)	$ (436)

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Operating activities
Net income		$ 35,366	$ 22,161	$ 105,163	$ 106,927
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets		21,056	19,032	63,683	53,089
Amortization of product development assets				26,662	25,323
Depreciation and amortization of technology, property and equipment				72,139	68,841
Restructuring and related (credits) charges	[1]	448	20,675	(1,161)	24,813
Stock-based compensation expense		6,300	5,600	19,361	14,744
Employee retirement plan expense				14,309	9,080
Foreign exchange transaction losses		488	5,694	1,488	6,473
Gain on sale of certain assets		0	0	(3,694)	0
Other noncash charges				39,044	29,256
Net change in operating assets and liabilities				(178,510)	(183,720)
Net cash provided by operating activities				158,484	154,826
Investing activities
Product development spending				(20,388)	(17,103)
Additions to technology, property and equipment				(60,668)	(58,176)
Businesses acquired in purchase transactions, net of cash acquired				(70,620)	(298,590)
Proceeds related to the sale of certain assets				3,375	0
Acquisitions of publication rights and other				(3,750)	(18,524)
Net cash used in investing activities				(152,051)	(392,393)
Financing activities
Repayments of long-term debt				(268,466)	(452,927)
Borrowings of long-term debt				373,800	627,097
Purchases of treasury shares				(24,867)	(7,063)
Change in book overdrafts				(4,000)	7,929
Cash dividends				(57,900)	(57,802)
Impact of tax withholding on stock-based compensation and other				(5,468)	(1,391)
Net cash provided by financing activities				13,099	115,843
Effects of exchange rate changes on cash, cash equivalents, and restricted cash				(3,875)	10,631
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
Increase/(decrease) for the period				15,657	(111,093)
Cash and cash equivalents		109,444	91,321	109,444	91,321
Restricted cash included in Prepaid expenses and other current assets		572	633	572	633
Balance at end of period		$ 110,016	$ 91,954	110,016	91,954
Cash paid during the period for:
Interest				13,601	12,697
Income taxes, net of refunds				34,040	46,148
XYZ Media [Member]
Noncash items:
Shares issued in connection with the acquisition of a business				$ 7,363	$ 0
[1]	See Note 9, “Restructuring and Related Charges (Credits)” 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	(5,392)			2			0			5,575			185
Impact of tax withholding on stock-based compensation and other	0	0	371			0			0			(1,762)			(1,391)
Stock-based compensation expense	0	0	14,744			0			0			0			14,744
Purchases of treasury shares	0	0	0			0			0			(7,063)			(7,063)
Common stock dividends	0	0		$ 0	$ 0		$ (48,477)	$ (9,325)		$ 0	$ 0		$ 0	$ 0		$ (48,477)	$ (9,325)
Common stock class conversions	42	(42)	0			0			0			0			0
Comprehensive income, net of tax	0	0	0			106,927			75,968			0			182,895
Balance at Jan. 31, 2021	70,208	12,974	441,403			1,827,866			(499,529)			(789,120)			1,063,802
Balance at Oct. 31, 2020	70,179	13,003	435,851			1,825,025			(541,642)			(782,203)			1,020,213
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted shares issued under stock-based compensation plans	0	0	(128)			2			0			193			67
Impact of tax withholding on stock-based compensation and other	0	0	2			0			0			(47)			(45)
Stock-based compensation expense	0	0	5,678			0			0			0			5,678
Purchases of treasury shares	0	0	0			0			0			(7,063)			(7,063)
Common stock dividends	0	0		0	0		(16,220)	(3,102)		0	0		0	0		(16,220)	(3,102)
Common stock class conversions	29	(29)	0			0			0			0			0
Comprehensive income, net of tax	0	0	0			22,161			42,113			0			64,274
Balance at Jan. 31, 2021	70,208	12,974	441,403			1,827,866			(499,529)			(789,120)			1,063,802
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	(7,920)			0			0			8,129			209
Issuance of Class A common stock related to the acquisition of a business	0		0			0			0			7,363			7,363
Impact of tax withholding on stock-based compensation and other	0	0	351			0			0			(5,819)			(5,468)
Stock-based compensation expense	0	0	20,376			0			0			0			20,376
Purchases of treasury shares	0	0	0			0			0			(24,867)			(24,867)
Common stock dividends	0	0		0	0		(48,537)	(9,363)		0	0		0	0		(48,537)	(9,363)
Common stock class conversions	10	(10)	0			0			0			0			0
Comprehensive income, net of tax	0	0	0			105,163			(16,649)			0			88,514
Balance at Jan. 31, 2022	70,218	12,964	457,165			1,897,321			(507,439)			(810,711)			1,119,518
Balance at Oct. 31, 2021	70,211	12,971	451,808			1,881,235			(498,209)			(811,351)			1,106,665
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted shares issued under stock-based compensation plans	0	0	(944)			1			0			1,015			72
Issuance of Class A common stock related to the acquisition of a business	0		0			0			0			7,363			7,363
Impact of tax withholding on stock-based compensation and other	0	0	2			0			0			(238)			(236)
Stock-based compensation expense	0	0	6,299			0			0			0			6,299
Purchases of treasury shares	0	0	0			0			0			(7,500)			(7,500)
Common stock dividends	0	0		$ 0	$ 0		$ (16,162)	$ (3,119)		$ 0	$ 0		$ 0	$ 0		$ (16,162)	$ (3,119)
Common stock class conversions	7	(7)	0			0			0			0			0
Comprehensive income, net of tax	0	0	0			35,366			(9,230)			0			26,136
Balance at Jan. 31, 2022	$ 70,218	$ 12,964	$ 457,165			$ 1,897,321			$ (507,439)			$ (810,711)			$ 1,119,518

CONDENSED CONSOLIDATED STATEM_8

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - UNAUDITED (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Class A [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock dividend (in dollars per share)	$ 0.3450	$ 0.3425	$ 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	$ 0.3450	$ 0.3425

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jan. 31, 2022
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 January 31, 2022 and April 30, 2021, and for the period from the Entity being dissolved through January 31, 2022. The Company has evaluated whether there was a liability to the Crown and a related loss associated with the dissolution of the Entity under US GAAP in fiscal year 2021 and as of January 31, 2022. The Company evaluated the criteria in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 810

Recent Accounting Standards

Recent Accounting Standards	9 Months Ended
	Jan. 31, 2022
Recent Accounting Standards [Abstract]
Recent Accounting Standards	Note 2 Recent Accounting Standards Recently Adopted Accounting Standards 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.” These ASUs provide 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 . On December 22, 2021, we amended the Amended and Restated RCA to change the rates for Sterling and Euro denominated borrowings from LIBOR-based rates to alternative rates. We applied ASU 2020-04 at the time of this modification, and there was no impact on our consolidated financial statements. Refer to Note 15, “Debt and Available Credit Facilities,” for more information. The future impact of this ASU on our consolidated financial statements will be based on any future contract modifications 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 Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers”. This ASU requires that an acquirer recognize, and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606 “Revenue from Contracts with Customers” (Topic 606) as if it had originated the contracts. Generally, this would result in an acquirer recognizing and measuring the acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements if the acquiree prepared financial statements in accordance with US GAAP. This standard is effective for us on May 1, 2023, including interim periods within the fiscal year. Early adoption is permitted. The standard is applied prospectively to business combinations occurring on or after the effective date of the amendments. The impact will be based on future business combinations after we adopt the standard. 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.

Acquisitions

Acquisitions	9 Months Ended
	Jan. 31, 2022
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 2022 XYZ Media On December 29, 2021, we completed the acquisition of certain assets of XYZ Media Inc. (XYZ Media). XYZ Media is a company that generates leads for higher education institutions. The results of XYZ Media are included in our Education Services segment results. The fair value of consideration transferred at the date of acquisition was $45.4 million which included $38.0 million of cash, and approximately 129 thousand shares of Wiley Class A common stock, or approximately $7.4 million. We financed the payment of the cash consideration with a combination of cash on hand and borrowings under our Amended and Restated RCA (as defined below in Note 15, “Debt and Available Credit Facilities”). The XYZ Media acquisition was accounted for using the acquisition method of accounting. The preliminary excess purchase price over identifiable net tangible and intangible assets acquired, and liabilities assumed has been recorded to Goodwill in our Condensed Consolidated Statements of Financial Position. Goodwill represents synergies and economies of scale expected from the combination of services. 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 and $ million of intangible assets consisting of developed technology, customer relationships, covenants not to compete and trademarks The goodwill will be deductible for tax purposes. The acquisition related costs to acquire XYZ Media were expensed when incurred and were approximately $ million for both the three and nine months ended . Such costs were allocated to the Education Services segment and are reflected in Operating and administrative expenses on the Condensed Consolidated Statements of Net Income for the three and nine months ended . XYZ Media’s revenue and operating loss included in our Education Services segment results for both the three and nine months ended January 31, 2022 was $ million and $ million, respectively. 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. Other Acquisitions in Fiscal Year 2022 On November 30, 2021, we acquired the assets of the eJournalPress business (EJP) from Precision Computer Works, Inc. EJP is a technology platform company with an established journal submission and peer review management system. On October 1, 2021, we completed the acquisition of certain assets of J&J Editorial Services, LLC. (J&J). J&J is a publishing services company providing expert offerings in editorial operations, production, copyediting, system support and consulting. The results of J&J are included in our Research Publishing & Platforms segment results. We also completed in the three months ended January 31, 2022, the acquisition of one immaterial business included in our Research Publishing & Platforms segment, and in the three months ended July 31, 2021, the acquisition of one immaterial business in our Education Services segment. The aggregate preliminary fair value of consideration transferred for these other acquisitions was approximately $ million during the nine months ended which included $ million of cash paid at the acquisition dates and $ million of additional cash to be paid after the acquisition dates. The fair value of the cash consideration transferred, net of $ million of cash acquired was approximately $ million. These other acquisitions were accounted for using the acquisition method of accounting as of their respective acquisition dates. Associated with these other acquisitions, the preliminary aggregate excess purchase price over identifiable net tangible and intangible assets acquired, and liabilities assumed The fair value assessed for the majority of the tangible assets acquired and liabilities assumed approximated their carrying value. Goodwill represents synergies and economies of scale expected from the combination of services. goodwill will be deductible for tax purposes, The aggregate acquisition related costs to acquire these other acquisitions was expensed when incurred and was approximately $ million for the nine months ended . 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. Fiscal Year 2021 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 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 & Platforms segment results for the three months ended January 31, 2022 was $15.2 million and $3.5 million, respectively. Hindawi’s revenue and operating income included in our Research Publishing & Platforms segment results for the nine months ended January 31, 2022 was $39.8 million and $8.6 million, respectively. During the months ended , no revisions were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed. We recorded the fair value of the assets acquired and liabilities assumed on the acquisition date, which included an allocation of $ million of goodwill allocated to the segment, and $ million of intangible assets subject to amortization. The allocation of the consideration transferred to the assets acquired and the liabilities assumed was finalized during the three months ended January 31, 2022.

Revenue Recognition, Contracts

Revenue Recognition, Contracts with Customers	9 Months Ended
	Jan. 31, 2022
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 January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Research Publishing & Platforms: Research Publishing $ 248,884 $ 229,327 $ 775,115 $ 700,482 Research Platforms 14,457 10,523 38,136 31,512 Total Research Publishing & Platforms 263,341 239,850 813,251 731,994 Academic & Professional Learning: Education Publishing (1) 95,498 97,671 260,459 263,702 Professional Learning 75,135 75,955 225,967 206,269 Total Academic & Professional Learning 170,633 173,626 486,426 469,971 Education Services: University Services (2) 55,090 56,725 167,565 163,248 Talent Development Services (1)(3) 26,820 12,711 70,033 40,036 Total Education Services 81,910 69,436 237,598 203,284 Total Revenue $ 515,884 $ 482,912 $ 1,537,275 $ 1,405,249 (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 and $1.6 million for the three and nine months ended January 31, 2021, respectively. 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 & Platforms products is recognized over time. Total Research Publishing & Platforms revenue was $263.3 million and $813.3 million in the three and nine months ended January 31, 2022, respectively. We disaggregated revenue by Research Publishing & 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 $248.9 million and $775.1 million in the three and nine months ended January 31, 2022, respectively and the majority is recognized over time. Research Publishing products generate approximately 77% and 79% in the three and nine months ended January 31, 2022, respectively of its revenue from contracts with its customers from Journal Subscriptions (pay to read), Open Access (pay to publish) and Transitional Agreements (read and publish), sometimes referred to as Comprehensive Agreements, and the remainder from Licensing, Reprints, Backfiles, and Other. Research Platforms Services Research Platforms is principally comprised of Atypon, 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 $14.5 million and $38.1 million in the three and nine months ended January 31, 2022, respectively 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 and $ million in the three and nine months ended , respectively. 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 $95.5 million and $260.5 million in the three and nine months ended January 31, 2022, respectively. Education Publishing products generate approximately 60% and 65% in the three and nine months ended January 31, 2022, respectively of its revenue from contracts with its customers from Education (print and digital) Publishing, which is recognized at a point in time, and 25% and 20% in the three and nine months ended January 31, 2022, respectively 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 $ million and $ million in the three and nine months ended , respectively. Professional Learning (print and digital) products generate approximately in the three and nine months ended 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 and of Professional Learning products revenue in the three and nine months ended is from contracts with its customers from Corporate Training and Corporate Learning, which is recognized mainly over time. Education Services Education Services revenue was $81.9 million and $237.6 million in the three and nine months ended 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 $55.1 million and $167.6 million in the three and nine months ended January 31, 2022, respectively and is mainly recognized over time. University Services primarily 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 career credentialing education that advances specific careers with in-demand skills. Talent Development Services Talent Development Services revenue was $ million and $ million in the three and nine months ended , respectively, 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. January 31, 2022 April 30, 2021 Increase/ (Decrease) Balances from contracts with customers: Accounts receivable, net $ 267,988 $ 311,571 $ (43,583 ) Contract liabilities (1) 355,846 545,425 (189,579 ) Contract liabilities (included in Other long-term liabilities) $ 21,921 $ 19,560 $ 2,361 (1) The sales return reserve recorded in Contract liabilities is $39.4 million and $38.0 million, as of January 31, 2022 and April 30, 2021, respectively. For the nine months ended January 31, 2022, we estimate that we recognized revenue of approximately 98% that was included in the current contract liability balance 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 and comprehensive agreements, open access, and test preparation and certification offerings Remaining Performance Obligations included in Contract Liability As of January 31, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligations is approximately $377.8 million, which included the sales return reserve of $39.4 million. Excluding the sales return reserve, we expect that approximately $316.5 million will be recognized in the next twelve months with the remaining $21.9 million to be recognized thereafter Assets Recognized for the Costs to Fulfill a Contract Costs to fulfill a contract are directly related to a contract that will be used to satisfy a performance obligation in the future and are expected to be recovered. These 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 $11.3 million and $12.1 million at January 31, 2022 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 $1.2 million and $4.0 million during the three and nine months ended January 31, 2022, respectively, related to these assets within Cost of sales on our Unaudited Condensed Consolidated Statements of Net Income. We recorded amortization expense of $1.3 million and $3.9 million during the three and nine months ended January 31, 2021, 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 $7.1 million and $21.1 million in shipping and handling costs in the three and nine months ended January 31, 2022, respectively. We incurred $7.1 million and $20.3 million in shipping and handling costs in the three and nine months ended January 31, 2021, respectively.

Operating Leases

Operating Leases	9 Months Ended
	Jan. 31, 2022
Operating Leases [Abstract]
Operating Leases	Note 5 Operating Leases We have contractual obligations as a lessee with respect to offices, warehouses and distribution centers, automobiles, and office equipment. We determine if an arrangement is a lease at inception of the contract in accordance with guidance detailed in the lease standard and we perform the lease classification test as of the lease commencement date. Right-of-use (ROU) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The present value of the lease payments is calculated using an incremental borrowing rate, which was determined based on the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. We use an unsecured borrowing rate and risk-adjust that rate to approximate a collateralized rate. Under the leasing standard, leases that are more than one year in duration are capitalized and recorded on our Unaudited Condensed Consolidated Statements of Financial Position. Some of our leases offer an option to extend the term of such leases. We utilize the reasonably certain threshold criteria in determining which options we will exercise. Furthermore, some of our lease payments are based on index rates with minimum annual increases. These represent fixed payments and are captured in the future minimum lease payments calculation. For operating leases, the ROU assets and liabilities are presented on our Condensed Consolidated Statement of Financial Position as follows: January 31, 2022 April 30, 2021 Operating lease ROU assets $ 118,155 $ 121,430 Short-term portion of operating lease liabilities 21,598 22,440 Operating lease liabilities, non-current $ 139,587 $ 145,832 During the nine months ended January 31, 2022, we added $10.2 million to the ROU assets and $10.1 million to the operating lease liabilities due to new leases, including due to acquisitions, as well as modifications and remeasurements to our existing operating leases. Our total net lease costs are as follows: Three Months Ended January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Operating lease cost $ 6,015 $ 5,652 $ 18,257 $ 18,898 Variable lease cost 386 449 1,127 1,700 Short-term lease cost 51 34 107 214 Sublease income (315 ) (181 ) (706 ) (526 ) Total net lease cost (1) $ 6,137 $ 5,954 $ 18,785 $ 20,286 (1) Total net lease cost does not include those costs and sublease income included in Restructuring and related charges (credits) 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 Charges (Credits)” for more information on this program. Other supplemental information includes the following: Nine Months Ended January 31, 2022 2021 Weighted-average remaining contractual lease term (years) 9 9 Weighted-average discount rate 5.80 % 5.89 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 22,486 $ 24,563 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 January 31, 2022: Fiscal Year Operating Lease Liabilities 2022 (remaining 3 months) $ 7,674 2023 28,264 2024 26,882 2025 25,454 2026 22,807 Thereafter 95,660 Total future undiscounted minimum lease payments 206,741 Less: Imputed interest 45,556 Present value of minimum lease payments 161,185 Less: Current portion 21,598 Noncurrent portion $ 139,587

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jan. 31, 2022
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 three years in advance, or less. For the three and nine months ended January 31, 2022, we recognized stock-based compensation expense, on a pretax basis, of $6.3 million and $19.4 million, respectively. For the three and nine months ended January 31, 2021, we recognized stock-based compensation expense, on a pretax basis, of $5.6 million and $14.7 million, respectively. 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): Nine Months Ended January 31, 2022 2021 Restricted Stock: Awards granted (shares) 653 691 Weighted average fair value of grant $ 57.00 $ 41.26 Stock Option Activity During the nine months ended , we granted stock option awards. Options are exercisable over a maximum period of from the date of grant. For the nine months ended , options generally vest , , , and on April 30, or on each anniversary date after the award is granted. The following table provides the estimated weighted average fair value for options granted during the nine months ended Nine Months Ended January 31, 2022 Weighted average fair value of options on grant date $ 11.72 Weighted average assumptions: Expected life of options (years) 6.3 Risk-free interest rate 1.2 % Expected volatility 30.7 % Expected dividend yield 2.4 % Fair value of common stock on grant date $ 56.66 Exercise price of stock option grant $ 62.18 Prior to the above stock option grants in the nine months ended , 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	9 Months Ended
	Jan. 31, 2022
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 and nine months ended January 31, 2022 and 2021 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at October 31, 2021 $ (273,361 ) $ (222,492 ) $ (2,356 ) $ (498,209 ) Other comprehensive (loss) income before reclassifications (15,918 ) 3,275 1,174 (11,469 ) Amounts reclassified from accumulated other comprehensive loss — 1,413 826 2,239 Total other comprehensive (loss) income (15,918 ) 4,688 2,000 (9,230 ) Balance at January 31, 2022 $ (289,279 ) $ (217,804 ) $ (356 ) $ (507,439 ) Balance at April 30, 2021 $ (257,941 ) $ (228,146 ) $ (4,703 ) $ (490,790 ) Other comprehensive (loss) income before reclassifications (31,338 ) 6,056 1,859 (23,423 ) Amounts reclassified from accumulated other comprehensive loss — 4,286 2,488 6,774 Total other comprehensive (loss) income (31,338 ) 10,342 4,347 (16,649 ) Balance at January 31, 2022 $ (289,279 ) $ (217,804 ) $ (356 ) $ (507,439 ) Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at October 31, 2020 $ (305,476 ) $ (230,182 ) $ (5,984 ) $ (541,642 ) Other comprehensive income (loss) before reclassifications 48,305 (8,237 ) (381 ) 39,687 Amounts reclassified from accumulated other comprehensive loss — 1,463 963 2,426 Total other comprehensive income (loss) 48,305 (6,774 ) 582 42,113 Balance at January 31, 2021 $ (257,171 ) $ (236,956 ) $ (5,402 ) $ (499,529 ) Balance at April 30, 2020 $ (340,703 ) $ (227,920 ) $ (6,874 ) $ (575,497 ) Other comprehensive income (loss) before reclassifications 83,532 (13,527 ) (1,302 ) 68,703 Amounts reclassified from accumulated other comprehensive loss — 4,491 2,774 7,265 Total other comprehensive income (loss) 83,532 (9,036 ) 1,472 75,968 Balance at January 31, 2021 $ (257,171 ) $ (236,956 ) $ (5,402 ) $ (499,529 ) During the three and nine months ended January 31, 2022, pretax actuarial losses included in Unamortized Retirement Costs of approximately $1.8 million and $5.5 million, respectively, and in the three and , approximately $ million and $ million, respectively, 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	9 Months Ended
	Jan. 31, 2022
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 January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Weighted average shares outstanding 55,701 55,984 55,789 55,968 Less: Unvested restricted shares — — — (1 ) Shares used for basic earnings per share 55,701 55,984 55,789 55,967 Dilutive effect of unvested restricted stock units and other stock awards 688 348 692 263 Shares used for diluted earnings per share 56,389 56,332 56,481 56,230 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 977 1,281 863 1,323 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 We included contingently issuable shares using the treasury stock method for our PSU awards in the diluted weighted average number of common shares outstanding based on the number of contingently issuable shares that would be issued assuming the end of our reporting period was the end of the relevant PSU award contingency period. The calculation of diluted weighted average shares outstanding related to performance-based stock awards was nominal in the three and nine months ended January 31, 2022.

Restructuring and Related Charg

Restructuring and Related Charges (Credits)	9 Months Ended
	Jan. 31, 2022
Restructuring and Related Charges (Credits) [Abstract]
Restructuring and Related Charges (Credits)	Note 9 Restructuring and Related Charges (Credits) Beginning in fiscal year 2020, we initiated a multiyear Business Optimization Program (the Business Optimization Program) to drive efficiency improvement and operating savings. The following tables summarize the pretax restructuring charges (credits) related to this program: Three Months Ended January 31, Nine Months Ended January 31, Total Charges 2022 2021 2022 2021 Incurred to Date Charges (Credits) by Segment: Research Publishing & Platforms $ — $ 83 $ 238 $ (217 ) $ 3,883 Academic & Professional Learning 215 314 (79 ) 1,628 13,625 Education Services 5 71 (23 ) 294 4,282 Corporate Expenses 228 20,193 (1,297 ) 23,247 43,311 Total Restructuring and Related Charges (Credits) $ 448 $ 20,661 $ (1,161 ) $ 24,952 $ 65,101 Charges (Credits) by Activity: Severance and termination benefits $ (291 ) $ 825 $ (2,861 ) $ 3,618 $ 35,534 Impairment of operating lease ROU assets and property and equipment — 14,924 — 14,924 15,079 Acceleration of expense related to operating lease ROU assets and property and equipment — 3,378 — 3,378 3,378 Facility related charges, net 739 1,614 1,700 3,112 9,370 Other activities — (80 ) — (80 ) 1,740 Total Restructuring and Related Charges (Credits) $ 448 $ 20,661 $ (1,161 ) $ 24,952 $ 65,101 The credits in severance and termination benefits activities for the three and months ended , primarily reflects changes in the number of headcount reductions and estimates for previously accrued costs. The charges in Impairment of operating lease ROU assets and property and equipment and Acceleration of expense related to operating lease ROU assets and property and equipment for the three and nine months ended January 31, 2021 reflects the expansion of the scope of the Business Optimization Program to include the exit of certain leased office space which began in the third quarter of fiscal 2021, and the reduction of our occupancy at other facilities. Facilities related charges, net include sublease income related to those operating leases we had identified in the year ended a The following table summarizes the activity for the Business Optimization Program liability for the nine months ended January 31, 2022: April 30, 2021 (Credits) Payments Foreign Translation & Other Adjustments January 31, 2022 Severance and termination benefits $ 11,465 $ (2,861 ) $ (5,225 ) $ (194 ) $ 3,185 Total $ 11,465 $ (2,861 ) $ (5,225 ) $ (194 ) $ 3,185 The restructuring liability for accrued severance and termination benefits is reflected in Accrued employment costs on our Unaudited Condensed Consolidated Statement of Financial Position as of January 31, 2022.

Segment Information

Segment Information	9 Months Ended
	Jan. 31, 2022
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 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 January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Revenue Research Publishing & Platforms $ 263,341 $ 239,850 $ 813,251 $ 731,994 Academic & Professional Learning (1) 170,633 173,626 486,426 469,971 Education Services (1) 81,910 69,436 237,598 203,284 Total revenue $ 515,884 $ 482,912 $ 1,537,275 $ 1,405,249 Adjusted Contribution to Profit: Research Publishing & Platforms $ 62,165 $ 60,865 $ 218,242 $ 204,336 Academic & Professional Learning (1) 34,989 33,151 83,918 64,454 Education Services (1) 2,659 5,281 1,525 13,256 Total adjusted contribution to profit 99,813 99,297 303,685 282,046 Adjusted corporate contribution to profit (53,376 ) (44,295 ) (144,001 ) (122,962 ) Total adjusted contribution to profit $ 46,437 $ 55,002 $ 159,684 $ 159,084 Depreciation and Amortization: Research Publishing & Platforms $ 23,914 $ 20,997 $ 71,140 $ 60,463 Academic & Professional Learning (1) 17,038 17,233 53,550 53,757 Education Services (1) 8,260 7,493 25,376 21,982 Total depreciation and amortization 49,212 45,723 150,066 136,202 Corporate depreciation and amortization 4,151 3,593 12,418 11,051 Total depreciation and amortization $ 53,363 $ 49,316 $ 162,484 $ 147,253 (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, $(0.2) million, and none, respectively, for the three months ended January 31, 2021. The Revenue, Adjusted Contribution to Profit and Depreciation and Amortization for WileyNXT was $1.6 million, $(0.4) million, and none, respectively, for the nine months ended January 31, 2021. 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 January 31, Nine Months Ended January 31, 2022 2021 2022 2021 US GAAP Operating Income $ 45,989 $ 34,327 $ 160,845 $ 134,271 Adjustments: Restructuring and related charges (1) 448 20,675 (1,161 ) 24,813 Non-GAAP Adjusted Contribution to Profit $ 46,437 $ 55,002 $ 159,684 $ 159,084 (1) See Note 9, “Restructuring and Related Charges (Credits)” 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 and months ended and .

Inventories

Inventories	9 Months Ended
	Jan. 31, 2022
Inventories [Abstract]
Inventories	Note 11 Inventories Inventories, net consisted of the following: January 31, 2022 April 30, 2021 Finished goods $ 29,613 $ 31,704 Work-in-process 2,053 2,060 Paper and other materials 260 331 Total inventories before estimated sales returns and LIFO reserve $ 31,926 $ 34,095 Inventory value of estimated sales returns 10,243 10,886 LIFO reserve (2,443 ) (2,443 ) Inventories, net $ 39,726 $ 42,538

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Jan. 31, 2022
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 January 31, 2022: April 30, 2021 (1) Acquisitions (2) Foreign Translation Adjustment January 31, 2022 Research Publishing & Platforms $ 619,203 $ 21,252 $ (12,443 ) $ 628,012 Academic & Professional Learning 512,512 — (8,243 ) 504,269 Education Services 172,625 21,619 (561 ) 193,683 Total $ 1,304,340 $ 42,871 $ (21,247 ) $ 1,325,964 (1) The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million. (2) Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in the nine months ended January 31, 2022. Intangible Assets Intangible assets, net were as follows: January 31, 2022 April 30, 2021 (1) Intangible assets with definite lives, net (2): Content and publishing rights $ 522,090 $ 564,229 Customer relationships 249,136 266,477 Developed technology 58,940 34,961 Brands and trademarks 17,097 19,536 Covenants not to compete 416 58 Total intangible assets with definite lives, net 847,679 885,261 Intangible assets with indefinite lives: Brands and trademarks 37,000 37,000 Publishing rights 86,214 93,041 Total intangible assets with indefinite lives 123,214 130,041 Total intangible assets, net $ 970,893 $ 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. (2) Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in the nine months ended January 31, 2022.

Income Taxes

Income Taxes	9 Months Ended
	Jan. 31, 2022
Income Taxes [Abstract]
Income Taxes	Note 13 Income Taxes The effective tax rate for the three and nine months ended January 31, 2022 was 18.2% and 33.4%, respectively, compared with 19.1% and 14.9% for the three and nine months ended January 31, 2021, respectively. The rate for the three months ended January 31, 2022 was lower than the US statutory rate, as well as the rate for the three months ended January 31, 2021 primarily due to the mix of income at lower rates as well as certain discrete items realized during the three months ended January 31, 2022. was greater than the US statutory rate as well as the rate for the nine months ended January 31, 2021 due to an increase in the UK statutory rate, resulting in a noncash deferred tax expense from the re-measurement of our applicable UK net deferred tax liabilities. The increase in the UK statutory rate during the nine months ended January 31, 2022 was larger than the increase during the nine months ended January 31, 2021. In addition, during the nine months ended , During the nine months ended , the UK enacted legislation that increased its statutory rate from to effective , resulting in a $ non-cash deferred tax expense. During the months ended , the UK officially enacted legislation that increased its statutory rate from to , resulting in a $ non-cash deferred tax expense.

Retirement Plans

Retirement Plans	9 Months Ended
	Jan. 31, 2022
Retirement Plans [Abstract]
Retirement Plans	Note 14 Retirement Plans The components of net pension income for our defined benefit plans were as follows: Three Months Ended January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Service cost $ 291 $ 356 $ 898 $ 1,036 Interest cost 5,122 4,564 15,523 13,695 Expected return on plan assets (9,986 ) (9,853 ) (30,387 ) (28,880 ) Amortization of prior service cost (23 ) (23 ) (67 ) (72 ) Amortization of net actuarial loss 1,858 1,944 5,632 5,964 Net pension income $ (2,738 ) $ (3,012 ) $ (8,401 ) $ (8,257 ) 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 $3.4 million and $ and million and $ million for the three and , respectively. Defined Contribution Savings Plans The expense for employer defined contribution savings plans was $7.2 million and $ , and million and $ million for the three and , respectively

Debt and Available Credit Facil

Debt and Available Credit Facilities	9 Months Ended
	Jan. 31, 2022
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: January 31, 2022 April 30, 2021 Short-term portion of long-term debt (1) $ 15,625 $ 12,500 Term loan A - Amended and Restated RCA (2) 210,552 222,928 Revolving credit facility - Amended and Restated RCA 691,493 586,160 Total long-term debt, less current portion 902,045 809,088 Total debt $ 917,670 $ 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 $0.4 million as of January 31, 2022 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, which was then amended on December 22, 2021 as described below (collectively, the 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. On December 22, 2021, we entered into the first amendment (the “First Amendment”) to the Amended and Restated RCA. The First Amendment, among other things, (i) changes the rate under the Amended and Restated RCA for borrowings denominated in Sterling from a LIBOR-based rate to a daily simple Sterling Overnight Index Average (SONIA) subject to certain adjustments specified in the Amended and Restated RCA, (ii) changes the rate under the Amended and Restated RCA for borrowings denominated in Euro from a LIBOR-based rate to a EURIBOR-based rate or a Euro Short Term Rate subject to certain adjustments specified in the Amended and Restated RCA, and (iii) updates certain other provisions regarding successor interest rates to LIBOR. 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 and $ million for the three and nine months ended , respectively and is included in Interest expense . Total amortization expense was $ million and $ million for the three and nine months ended January 31, 2021, respectively and is included in Interest expense . As of January 31, 2022, we had approximately $559.5 million of unused borrowing capacity under our Amended and Restated RCA and other facilities.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Jan. 31, 2022
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 sales and 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 January 31, 2022, we had total debt outstanding of $917.7 million, net of unamortized issuance costs of $0.4 million of which $918.1 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 January 31, 2022 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 January 31, 2022 was a deferred loss of $1.5 million and a deferred gain of $1.7 million. Based on the maturity dates of the contracts, $1.1 million of the deferred loss as of January 31, 2022 was recorded within Other accrued liabilities and $0.4 million of the deferred loss was recorded within Other long-term liabilities. The deferred gain was recorded within Other non-current assets. The fair value of the interest rate swaps as of April 30, 2021 was a deferred loss of $5.6 million. Based on the maturity dates of the contracts, 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 and nine months ended January 31, 2022 were $1.1 million and $ The pretax losses that were reclassified from Accumulated other loss into Interest expense for the three and months ended were million and $ million, respectively. Foreign Currency Contracts We may enter into forward exchange contracts to manage our exposure on certain foreign currency denominated assets and liabilities. The forward exchange contracts are marked to market through Foreign exchange transaction losses on our Unaudited Condensed Consolidated Statements of Net Income and carried at fair value on our Unaudited Condensed Consolidated Statements of Financial Position. Foreign currency denominated assets and liabilities are remeasured at spot rates in effect on the balance sheet date, with the effects of changes in spot rates reported in Foreign exchange transaction losses on our Unaudited Condensed Consolidated Statements of Net Income. As of January 31, 2022, 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 nine months ended January 31, 2022. As of January 31, 2021, there was an open forward exchange contract to sell € million and buy $ million to manage foreign currency exposures on intercompany loans. This forward contract expired on April 15, 2021. We did not designate this forward exchange contract as a hedge under the applicable sections of ASC Topic 815, “Derivatives and Hedging” as the benefits of doing so were not material due to the short-term nature of the contract. The fair value changes in the forward exchange contract substantially mitigated the changes in the value of the applicable foreign currency denominated liability. As of January 31, 2021, the fair value of the open forward exchange contracts was an immaterial gain and recorded within Prepaid expenses and other current assets. The fair value of the open forward exchange contract was measured on a recurring basis using Level 2 inputs of quoted prices for similar assets or liabilities in active markets. For the three and nine months ended January 31, 2021, the gain recognized on this forward contract was immaterial and included in Foreign exchange transaction losses on our Unaudited Condensed Consolidated Statement of Net Income.

Capital Stock and Changes in Ca

Capital Stock and Changes in Capital Accounts	9 Months Ended
	Jan. 31, 2022
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 share repurchases of Class A and Class B Common Stock (shares in thousands): Three Months Ended January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Shares repurchased - Class A 134 146 446 146 Shares repurchased - Class B 1 1 2 1 Average Price - Class A and Class B $ 55.40 $ 48.09 $ 55.48 $ 48.09 Dividends The following table summarizes the cash dividends paid during the nine months ended January 31, 2022: 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 September 29, 2021 $0.3450 per common share $19.2 million Class A and Class B October 27, 2021 October 12, 2021 December 15, 2021 $0.3450 per common share $19.2 million Class A and Class B January 12, 2022 December 28, 2021 Changes in Common Stock The following is a summary of changes during the nine months ended January 31, in shares of our common stock and common stock in treasury (shares in thousands): Changes in Common Stock A: 2022 2021 Number of shares, beginning of year 70,208 70,166 Common stock class conversions 10 42 Number of shares issued, end of period 70,218 70,208 Changes in Common Stock A in treasury: Number of shares held, beginning of year 23,419 23,405 Purchases of treasury shares 446 146 Restricted shares issued under stock-based compensation plans – non-PSU Awards (163 ) (100 ) Restricted shares issued under stock-based compensation plans – PSU Awards (108 ) (88 ) Shares issued under the Director Plan to Directors (2 ) (6 ) Restricted shares issued from exercise of stock options (24 ) (33 ) Shares issued related to the acquisition of a business (129 ) — Shares withheld for taxes 110 70 Number of shares held, end of period 23,549 23,394 Number of Common Stock A outstanding, end of period 46,669 46,814 Changes in Common Stock B: 2022 2021 Number of shares, beginning of year 12,974 13,016 Common stock class conversions (10 ) (42 ) Number of shares issued, end of period 12,964 12,974 Changes in Common Stock B in treasury: Number of shares held, beginning of year 3,922 3,920 Purchase of treasury shares 2 1 Number of shares held, end of period 3,924 3,921 Number of Common Stock B outstanding, end of period 9,040 9,053

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jan. 31, 2022
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 January 31, 2022, will not have a material effect upon our consolidated financial condition or results of operations.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Jan. 31, 2022
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 January 31, 2022 and April 30, 2021, and for the period from the Entity being dissolved through January 31, 2022. The Company has evaluated whether there was a liability to the Crown and a related loss associated with the dissolution of the Entity under US GAAP in fiscal year 2021 and as of January 31, 2022. The Company evaluated the criteria in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 810

Recent Accounting Standards (Po

Recent Accounting Standards (Policies)	9 Months Ended
	Jan. 31, 2022
Recent Accounting Standards [Abstract]
Recently Adopted and Issued Accounting Standards	Recently Adopted Accounting Standards 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.” These ASUs provide 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 . On December 22, 2021, we amended the Amended and Restated RCA to change the rates for Sterling and Euro denominated borrowings from LIBOR-based rates to alternative rates. We applied ASU 2020-04 at the time of this modification, and there was no impact on our consolidated financial statements. Refer to Note 15, “Debt and Available Credit Facilities,” for more information. The future impact of this ASU on our consolidated financial statements will be based on any future contract modifications 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 Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers”. This ASU requires that an acquirer recognize, and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606 “Revenue from Contracts with Customers” (Topic 606) as if it had originated the contracts. Generally, this would result in an acquirer recognizing and measuring the acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements if the acquiree prepared financial statements in accordance with US GAAP. This standard is effective for us on May 1, 2023, including interim periods within the fiscal year. Early adoption is permitted. The standard is applied prospectively to business combinations occurring on or after the effective date of the amendments. The impact will be based on future business combinations after we adopt the standard. 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.

Revenue Recognition, Contract_2

Revenue Recognition, Contracts with Customers (Policies)	9 Months Ended
	Jan. 31, 2022
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 & Platforms products is recognized over time. Total Research Publishing & Platforms revenue was $263.3 million and $813.3 million in the three and nine months ended January 31, 2022, respectively. We disaggregated revenue by Research Publishing & 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 $248.9 million and $775.1 million in the three and nine months ended January 31, 2022, respectively and the majority is recognized over time. Research Publishing products generate approximately 77% and 79% in the three and nine months ended January 31, 2022, respectively of its revenue from contracts with its customers from Journal Subscriptions (pay to read), Open Access (pay to publish) and Transitional Agreements (read and publish), sometimes referred to as Comprehensive Agreements, and the remainder from Licensing, Reprints, Backfiles, and Other. Research Platforms Services Research Platforms is principally comprised of Atypon, 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 $14.5 million and $38.1 million in the three and nine months ended January 31, 2022, respectively 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 and $ million in the three and nine months ended , respectively. 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 $95.5 million and $260.5 million in the three and nine months ended January 31, 2022, respectively. Education Publishing products generate approximately 60% and 65% in the three and nine months ended January 31, 2022, respectively of its revenue from contracts with its customers from Education (print and digital) Publishing, which is recognized at a point in time, and 25% and 20% in the three and nine months ended January 31, 2022, respectively 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 $ million and $ million in the three and nine months ended , respectively. Professional Learning (print and digital) products generate approximately in the three and nine months ended 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 and of Professional Learning products revenue in the three and nine months ended is from contracts with its customers from Corporate Training and Corporate Learning, which is recognized mainly over time. Education Services Education Services revenue was $81.9 million and $237.6 million in the three and nine months ended 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 $55.1 million and $167.6 million in the three and nine months ended January 31, 2022, respectively and is mainly recognized over time. University Services primarily 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 career credentialing education that advances specific careers with in-demand skills. Talent Development Services Talent Development Services revenue was $ million and $ million in the three and nine months ended , respectively, 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)	9 Months Ended
	Jan. 31, 2022
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 January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Research Publishing & Platforms: Research Publishing $ 248,884 $ 229,327 $ 775,115 $ 700,482 Research Platforms 14,457 10,523 38,136 31,512 Total Research Publishing & Platforms 263,341 239,850 813,251 731,994 Academic & Professional Learning: Education Publishing (1) 95,498 97,671 260,459 263,702 Professional Learning 75,135 75,955 225,967 206,269 Total Academic & Professional Learning 170,633 173,626 486,426 469,971 Education Services: University Services (2) 55,090 56,725 167,565 163,248 Talent Development Services (1)(3) 26,820 12,711 70,033 40,036 Total Education Services 81,910 69,436 237,598 203,284 Total Revenue $ 515,884 $ 482,912 $ 1,537,275 $ 1,405,249 (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 and $1.6 million for the three and nine months ended January 31, 2021, respectively. 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. January 31, 2022 April 30, 2021 Increase/ (Decrease) Balances from contracts with customers: Accounts receivable, net $ 267,988 $ 311,571 $ (43,583 ) Contract liabilities (1) 355,846 545,425 (189,579 ) Contract liabilities (included in Other long-term liabilities) $ 21,921 $ 19,560 $ 2,361 (1) The sales return reserve recorded in Contract liabilities is $39.4 million and $38.0 million, as of January 31, 2022 and April 30, 2021, respectively.

Operating Leases (Tables)

Operating Leases (Tables)	9 Months Ended
	Jan. 31, 2022
Operating Leases [Abstract]
ROU Assets and Liabilities	For operating leases, the ROU assets and liabilities are presented on our Condensed Consolidated Statement of Financial Position as follows: January 31, 2022 April 30, 2021 Operating lease ROU assets $ 118,155 $ 121,430 Short-term portion of operating lease liabilities 21,598 22,440 Operating lease liabilities, non-current $ 139,587 $ 145,832
Total Net Lease Costs	Our total net lease costs are as follows: Three Months Ended January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Operating lease cost $ 6,015 $ 5,652 $ 18,257 $ 18,898 Variable lease cost 386 449 1,127 1,700 Short-term lease cost 51 34 107 214 Sublease income (315 ) (181 ) (706 ) (526 ) Total net lease cost (1) $ 6,137 $ 5,954 $ 18,785 $ 20,286 (1) Total net lease cost does not include those costs and sublease income included in Restructuring and related charges (credits) 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 Charges (Credits)” for more information on this program.
Other Supplemental Information for Operating Leases	Other supplemental information includes the following: Nine Months Ended January 31, 2022 2021 Weighted-average remaining contractual lease term (years) 9 9 Weighted-average discount rate 5.80 % 5.89 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 22,486 $ 24,563
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 January 31, 2022: Fiscal Year Operating Lease Liabilities 2022 (remaining 3 months) $ 7,674 2023 28,264 2024 26,882 2025 25,454 2026 22,807 Thereafter 95,660 Total future undiscounted minimum lease payments 206,741 Less: Imputed interest 45,556 Present value of minimum lease payments 161,185 Less: Current portion 21,598 Noncurrent portion $ 139,587

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Jan. 31, 2022
Stock-Based Compensation [Abstract]
Awards Granted to Employees	The following table summarizes awards we granted to employees (shares in thousands): Nine Months Ended January 31, 2022 2021 Restricted Stock: Awards granted (shares) 653 691 Weighted average fair value of grant $ 57.00 $ 41.26
Significant Assumptions Used in Fair Value Determination	The following table provides the estimated weighted average fair value for options granted during the nine months ended Nine Months Ended January 31, 2022 Weighted average fair value of options on grant date $ 11.72 Weighted average assumptions: Expected life of options (years) 6.3 Risk-free interest rate 1.2 % Expected volatility 30.7 % Expected dividend yield 2.4 % Fair value of common stock on grant date $ 56.66 Exercise price of stock option grant $ 62.18

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Jan. 31, 2022
Accumulated Other Comprehensive Loss [Abstract]
Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax	Changes in Accumulated Other Comprehensive Loss by component, net of tax, for the three and nine months ended January 31, 2022 and 2021 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at October 31, 2021 $ (273,361 ) $ (222,492 ) $ (2,356 ) $ (498,209 ) Other comprehensive (loss) income before reclassifications (15,918 ) 3,275 1,174 (11,469 ) Amounts reclassified from accumulated other comprehensive loss — 1,413 826 2,239 Total other comprehensive (loss) income (15,918 ) 4,688 2,000 (9,230 ) Balance at January 31, 2022 $ (289,279 ) $ (217,804 ) $ (356 ) $ (507,439 ) Balance at April 30, 2021 $ (257,941 ) $ (228,146 ) $ (4,703 ) $ (490,790 ) Other comprehensive (loss) income before reclassifications (31,338 ) 6,056 1,859 (23,423 ) Amounts reclassified from accumulated other comprehensive loss — 4,286 2,488 6,774 Total other comprehensive (loss) income (31,338 ) 10,342 4,347 (16,649 ) Balance at January 31, 2022 $ (289,279 ) $ (217,804 ) $ (356 ) $ (507,439 ) Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at October 31, 2020 $ (305,476 ) $ (230,182 ) $ (5,984 ) $ (541,642 ) Other comprehensive income (loss) before reclassifications 48,305 (8,237 ) (381 ) 39,687 Amounts reclassified from accumulated other comprehensive loss — 1,463 963 2,426 Total other comprehensive income (loss) 48,305 (6,774 ) 582 42,113 Balance at January 31, 2021 $ (257,171 ) $ (236,956 ) $ (5,402 ) $ (499,529 ) Balance at April 30, 2020 $ (340,703 ) $ (227,920 ) $ (6,874 ) $ (575,497 ) Other comprehensive income (loss) before reclassifications 83,532 (13,527 ) (1,302 ) 68,703 Amounts reclassified from accumulated other comprehensive loss — 4,491 2,774 7,265 Total other comprehensive income (loss) 83,532 (9,036 ) 1,472 75,968 Balance at January 31, 2021 $ (257,171 ) $ (236,956 ) $ (5,402 ) $ (499,529 )

Reconciliation of Weighted Av_2

Reconciliation of Weighted Average Shares Outstanding (Tables)	9 Months Ended
	Jan. 31, 2022
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 January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Weighted average shares outstanding 55,701 55,984 55,789 55,968 Less: Unvested restricted shares — — — (1 ) Shares used for basic earnings per share 55,701 55,984 55,789 55,967 Dilutive effect of unvested restricted stock units and other stock awards 688 348 692 263 Shares used for diluted earnings per share 56,389 56,332 56,481 56,230 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 977 1,281 863 1,323

Restructuring and Related Cha_2

Restructuring and Related Charges (Credits) (Tables) - Business Optimization Program [Member]	9 Months Ended
	Jan. 31, 2022
Restructuring Cost and Reserve [Line Items]
Pretax Restructuring Charges (Credits)	The following tables summarize the pretax restructuring charges (credits) related to this program: Three Months Ended January 31, Nine Months Ended January 31, Total Charges 2022 2021 2022 2021 Incurred to Date Charges (Credits) by Segment: Research Publishing & Platforms $ — $ 83 $ 238 $ (217 ) $ 3,883 Academic & Professional Learning 215 314 (79 ) 1,628 13,625 Education Services 5 71 (23 ) 294 4,282 Corporate Expenses 228 20,193 (1,297 ) 23,247 43,311 Total Restructuring and Related Charges (Credits) $ 448 $ 20,661 $ (1,161 ) $ 24,952 $ 65,101 Charges (Credits) by Activity: Severance and termination benefits $ (291 ) $ 825 $ (2,861 ) $ 3,618 $ 35,534 Impairment of operating lease ROU assets and property and equipment — 14,924 — 14,924 15,079 Acceleration of expense related to operating lease ROU assets and property and equipment — 3,378 — 3,378 3,378 Facility related charges, net 739 1,614 1,700 3,112 9,370 Other activities — (80 ) — (80 ) 1,740 Total Restructuring and Related Charges (Credits) $ 448 $ 20,661 $ (1,161 ) $ 24,952 $ 65,101
Activity for Restructuring Liability	The following table summarizes the activity for the Business Optimization Program liability for the nine months ended January 31, 2022: April 30, 2021 (Credits) Payments Foreign Translation & Other Adjustments January 31, 2022 Severance and termination benefits $ 11,465 $ (2,861 ) $ (5,225 ) $ (194 ) $ 3,185 Total $ 11,465 $ (2,861 ) $ (5,225 ) $ (194 ) $ 3,185

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jan. 31, 2022
Segment Information [Abstract]
Segment Information	Segment information is as follows: Three Months Ended January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Revenue Research Publishing & Platforms $ 263,341 $ 239,850 $ 813,251 $ 731,994 Academic & Professional Learning (1) 170,633 173,626 486,426 469,971 Education Services (1) 81,910 69,436 237,598 203,284 Total revenue $ 515,884 $ 482,912 $ 1,537,275 $ 1,405,249 Adjusted Contribution to Profit: Research Publishing & Platforms $ 62,165 $ 60,865 $ 218,242 $ 204,336 Academic & Professional Learning (1) 34,989 33,151 83,918 64,454 Education Services (1) 2,659 5,281 1,525 13,256 Total adjusted contribution to profit 99,813 99,297 303,685 282,046 Adjusted corporate contribution to profit (53,376 ) (44,295 ) (144,001 ) (122,962 ) Total adjusted contribution to profit $ 46,437 $ 55,002 $ 159,684 $ 159,084 Depreciation and Amortization: Research Publishing & Platforms $ 23,914 $ 20,997 $ 71,140 $ 60,463 Academic & Professional Learning (1) 17,038 17,233 53,550 53,757 Education Services (1) 8,260 7,493 25,376 21,982 Total depreciation and amortization 49,212 45,723 150,066 136,202 Corporate depreciation and amortization 4,151 3,593 12,418 11,051 Total depreciation and amortization $ 53,363 $ 49,316 $ 162,484 $ 147,253 (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, $(0.2) million, and none, respectively, for the three months ended January 31, 2021. The Revenue, Adjusted Contribution to Profit and Depreciation and Amortization for WileyNXT was $1.6 million, $(0.4) million, and none, respectively, for the nine months ended January 31, 2021. 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 January 31, Nine Months Ended January 31, 2022 2021 2022 2021 US GAAP Operating Income $ 45,989 $ 34,327 $ 160,845 $ 134,271 Adjustments: Restructuring and related charges (1) 448 20,675 (1,161 ) 24,813 Non-GAAP Adjusted Contribution to Profit $ 46,437 $ 55,002 $ 159,684 $ 159,084 (1) See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jan. 31, 2022
Inventories [Abstract]
Inventories	Inventories, net consisted of the following: January 31, 2022 April 30, 2021 Finished goods $ 29,613 $ 31,704 Work-in-process 2,053 2,060 Paper and other materials 260 331 Total inventories before estimated sales returns and LIFO reserve $ 31,926 $ 34,095 Inventory value of estimated sales returns 10,243 10,886 LIFO reserve (2,443 ) (2,443 ) Inventories, net $ 39,726 $ 42,538

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jan. 31, 2022
Goodwill and Intangible Assets [Abstract]
Activity in Goodwill by Segment	The following table summarizes the activity in goodwill by segment as of January 31, 2022: April 30, 2021 (1) Acquisitions (2) Foreign Translation Adjustment January 31, 2022 Research Publishing & Platforms $ 619,203 $ 21,252 $ (12,443 ) $ 628,012 Academic & Professional Learning 512,512 — (8,243 ) 504,269 Education Services 172,625 21,619 (561 ) 193,683 Total $ 1,304,340 $ 42,871 $ (21,247 ) $ 1,325,964 (1) The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million. (2) Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in the nine months ended January 31, 2022.
Intangible Assets, Net	Intangible assets, net were as follows: January 31, 2022 April 30, 2021 (1) Intangible assets with definite lives, net (2): Content and publishing rights $ 522,090 $ 564,229 Customer relationships 249,136 266,477 Developed technology 58,940 34,961 Brands and trademarks 17,097 19,536 Covenants not to compete 416 58 Total intangible assets with definite lives, net 847,679 885,261 Intangible assets with indefinite lives: Brands and trademarks 37,000 37,000 Publishing rights 86,214 93,041 Total intangible assets with indefinite lives 123,214 130,041 Total intangible assets, net $ 970,893 $ 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. (2) Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in the nine months ended January 31, 2022.

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Jan. 31, 2022
Retirement Plans [Abstract]
Components of Net Pension Income for Defined Benefit Plans	The components of net pension income for our defined benefit plans were as follows: Three Months Ended January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Service cost $ 291 $ 356 $ 898 $ 1,036 Interest cost 5,122 4,564 15,523 13,695 Expected return on plan assets (9,986 ) (9,853 ) (30,387 ) (28,880 ) Amortization of prior service cost (23 ) (23 ) (67 ) (72 ) Amortization of net actuarial loss 1,858 1,944 5,632 5,964 Net pension income $ (2,738 ) $ (3,012 ) $ (8,401 ) $ (8,257 )

Debt and Available Credit Fac_2

Debt and Available Credit Facilities (Tables)	9 Months Ended
	Jan. 31, 2022
Debt and Available Credit Facilities [Abstract]
Total Debt Outstanding	Our total debt outstanding consisted of the amounts set forth in the following table: January 31, 2022 April 30, 2021 Short-term portion of long-term debt (1) $ 15,625 $ 12,500 Term loan A - Amended and Restated RCA (2) 210,552 222,928 Revolving credit facility - Amended and Restated RCA 691,493 586,160 Total long-term debt, less current portion 902,045 809,088 Total debt $ 917,670 $ 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 $0.4 million as of January 31, 2022 and $0.5 million as of April 30, 2021.

Capital Stock and Changes in _2

Capital Stock and Changes in Capital Accounts (Tables)	9 Months Ended
	Jan. 31, 2022
Capital Stock and Changes in Capital Accounts [Abstract]
Summary of Shares Repurchased	The following table summarizes the share repurchases of Class A and Class B Common Stock (shares in thousands): Three Months Ended January 31, Nine Months Ended January 31, 2022 2021 2022 2021 Shares repurchased - Class A 134 146 446 146 Shares repurchased - Class B 1 1 2 1 Average Price - Class A and Class B $ 55.40 $ 48.09 $ 55.48 $ 48.09
Cash Dividends Paid	The following table summarizes the cash dividends paid during the nine months ended January 31, 2022: 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 September 29, 2021 $0.3450 per common share $19.2 million Class A and Class B October 27, 2021 October 12, 2021 December 15, 2021 $0.3450 per common share $19.2 million Class A and Class B January 12, 2022 December 28, 2021
Summary of Changes of Common Stock and Common Stock in Treasury	The following is a summary of changes during the nine months ended January 31, in shares of our common stock and common stock in treasury (shares in thousands): Changes in Common Stock A: 2022 2021 Number of shares, beginning of year 70,208 70,166 Common stock class conversions 10 42 Number of shares issued, end of period 70,218 70,208 Changes in Common Stock A in treasury: Number of shares held, beginning of year 23,419 23,405 Purchases of treasury shares 446 146 Restricted shares issued under stock-based compensation plans – non-PSU Awards (163 ) (100 ) Restricted shares issued under stock-based compensation plans – PSU Awards (108 ) (88 ) Shares issued under the Director Plan to Directors (2 ) (6 ) Restricted shares issued from exercise of stock options (24 ) (33 ) Shares issued related to the acquisition of a business (129 ) — Shares withheld for taxes 110 70 Number of shares held, end of period 23,549 23,394 Number of Common Stock A outstanding, end of period 46,669 46,814 Changes in Common Stock B: 2022 2021 Number of shares, beginning of year 12,974 13,016 Common stock class conversions (10 ) (42 ) Number of shares issued, end of period 12,964 12,974 Changes in Common Stock B in treasury: Number of shares held, beginning of year 3,922 3,920 Purchase of treasury shares 2 1 Number of shares held, end of period 3,924 3,921 Number of Common Stock B outstanding, end of period 9,040 9,053

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	Jan. 31, 2022	Apr. 30, 2021
Basis of Presentation [Abstract]
Intercompany receivables	$ 122.4	$ 188.8

Acquisitions (Details)

Acquisitions (Details) shares in Thousands, $ in Thousands	Dec. 29, 2021USD ($)shares	Dec. 31, 2020USD ($)	Jan. 31, 2022USD ($)Business	Jul. 31, 2021Business	Jan. 31, 2021USD ($)	Jan. 31, 2022USD ($)	Jan. 31, 2021USD ($)	Apr. 30, 2021USD ($)	[1]
Acquisitions [Abstract]
Revenue			$ 515,884		$ 482,912	$ 1,537,275	$ 1,405,249
Operating income (loss)			45,989		$ 34,327	160,845	134,271
Assets [Abstract]
Goodwill			1,325,964			1,325,964		$ 1,304,340
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Fair value of cash consideration transferred, including those amounts paid after acquisition, net of cash acquired						70,620	$ 298,590
Research Publishing & Platforms [Member]
Assets [Abstract]
Goodwill			628,012			628,012		619,203
Education Services [Member]
Assets [Abstract]
Goodwill			193,683			193,683		$ 172,625
XYZ Media [Member]
Acquisitions [Abstract]
Total cash consideration transferred	$ 38,000
Acquisition related costs			100			$ 100
Assets acquired and liabilities assumed [Abstract]
Fair value of consideration transferred	45,400
Assets [Abstract]
Intangible assets, net	23,300
Goodwill	$ 21,600
XYZ Media [Member] | Minimum [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Weighted-average useful life						1 year
XYZ Media [Member] | Maximum [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Weighted-average useful life						7 years
XYZ Media [Member] | Class A [Member]
Acquisitions [Abstract]
Issuance of common shares in consideration transferred (in shares) | shares	129
Issuance of common shares in consideration transferred	$ 7,400
XYZ Media [Member] | Education Services [Member]
Acquisitions [Abstract]
Revenue			1,000			$ 1,000
Operating income (loss)			(300)			(300)
Hindawi [Member]
Acquisitions [Abstract]
Total cash consideration transferred		$ 299,300
Assets acquired and liabilities assumed [Abstract]
Fair value of consideration transferred		$ 300,100
Assets [Abstract]
Intangible assets, net			194,900			194,900
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Percentage of ownership interest acquired		100.00%
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
Hindawi [Member] | Research Publishing & Platforms [Member]
Acquisitions [Abstract]
Revenue			15,200			39,800
Operating income (loss)			3,500			8,600
Assets [Abstract]
Goodwill			147,400			147,400
Other Acquisitions [Member]
Acquisitions [Abstract]
Total cash consideration transferred						33,700
Acquisition related costs						400
Revenue			2,800			3,500
Cash to be paid after acquisition date						4,600
Assets acquired and liabilities assumed [Abstract]
Fair value of consideration transferred						38,300
Assets [Abstract]
Intangible assets, net			13,600			13,600
Goodwill			21,300			21,300
Goodwill - tax deductible			17,800			17,800
Goodwill - not tax deductible			$ 3,500			3,500
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Cash acquired						1,200
Fair value of cash consideration transferred, including those amounts paid after acquisition, net of cash acquired						$ 32,500
Other Acquisitions [Member] | Developed Technology [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Weighted-average useful life						5 years
Other Acquisitions [Member] | Customer Relationships [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Weighted-average useful life						9 years
Other Acquisitions [Member] | Trademarks [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Weighted-average useful life						2 years
Other Acquisitions [Member] | Covenants Not to Compete [Member]
Identifiable intangible assets acquired and weighted-average useful life [Abstract]
Weighted-average useful life						4 years
Other Acquisitions [Member] | Research Publishing & Platforms [Member]
Assets acquired and liabilities assumed [Abstract]
Number of immaterial businesses acquired | Business			1
Assets [Abstract]
Goodwill			$ 21,300			$ 21,300
Other Acquisitions [Member] | Education Services [Member]
Assets acquired and liabilities assumed [Abstract]
Number of immaterial businesses acquired | Business				1
Assets [Abstract]
Goodwill			$ 0			$ 0
[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		9 Months Ended
		Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		$ 515,884	$ 482,912	$ 1,537,275	$ 1,405,249
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		77.00%		79.00%
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		60.00%		65.00%
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		25.00%		20.00%
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		64.00%		62.00%
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		36.00%		38.00%
Education Services [Member] | Talent Development Services [Member] | Wiley NXT [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue			500		1,600
Operating Segments [Member] | Research Publishing & Platforms [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		$ 263,341	239,850	$ 813,251	731,994
Operating Segments [Member] | Research Publishing & Platforms [Member] | Research Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		248,884	229,327	775,115	700,482
Operating Segments [Member] | Research Publishing & Platforms [Member] | Research Platforms [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		14,457	10,523	38,136	31,512
Operating Segments [Member] | Academic & Professional Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[1]	170,633	173,626	486,426	469,971
Operating Segments [Member] | Academic & Professional Learning [Member] | Education Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[2]	95,498	97,671	260,459	263,702
Operating Segments [Member] | Academic & Professional Learning [Member] | Professional Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		75,135	75,955	225,967	206,269
Operating Segments [Member] | Education Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[1]	81,910	69,436	237,598	203,284
Operating Segments [Member] | Education Services [Member] | University Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[3]	55,090	56,725	167,565	163,248
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]	$ 26,820	$ 12,711	$ 70,033	$ 40,036
[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, $(0.2) million, and none, respectively, for the three months ended January 31, 2021. The Revenue, Adjusted Contribution to Profit and Depreciation and Amortization for WileyNXT was $1.6 million, $(0.4) million, and none, respectively, for the nine months ended January 31, 2021. 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 and $1.6 million for the three and nine months ended January 31, 2021, respectively. 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		9 Months Ended
		Jan. 31, 2022	Apr. 30, 2021
Balances from contracts with customers [Abstract]
Accounts receivable, net		$ 267,988	$ 311,571
Contract liabilities	[1]	355,846	545,425
Contract liabilities (included in Other long-term liabilities)		21,921	19,560
Increase/(decrease) [Abstract]
Accounts receivable, net		(43,583)
Contract liabilities	[1]	(189,579)
Contract liabilities (included in Other long-term liabilities)		2,361
Sales return reserve recorded in contract liability		$ 39,400	$ 38,000
Revenue recognized from beginning contract liability, percentage		98.00%
[1]	The sales return reserve recorded in Contract liabilities is $39.4 million and $38.0 million, as of January 31, 2022 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	Jan. 31, 2022	Apr. 30, 2021
Remaining Performance Obligations [Abstract]
Remaining performance obligations	$ 377.8
Sales return reserve recorded in contract liability	39.4	$ 38
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-02-01
Remaining Performance Obligations [Abstract]
Remaining performance obligations excluding sales return reserve	$ 316.5
Expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-02-01
Remaining Performance Obligations [Abstract]
Remaining performance obligations	$ 21.9
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		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021	Apr. 30, 2021
Assets Recognized for the Costs to Obtain or Fulfill a Contract [Abstract]
Costs capitalized	$ 11,300		$ 11,300		$ 12,100
Amortization	1,200	$ 1,300	4,000	$ 3,900
Cost of revenue [Abstract]
Operating and administrative expenses	275,475	251,242	800,254	735,778
Shipping and Handling [Member]
Cost of revenue [Abstract]
Operating and administrative expenses	$ 7,100	$ 7,100	$ 21,100	$ 20,300

Operating Leases (Details)

Operating Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2022	Apr. 30, 2021
ROU Assets and Lease Liabilities [Abstract]
Operating lease ROU assets	$ 118,155	$ 121,430
Short-term portion of operating lease liabilities	21,598	22,440
Operating lease liabilities, non-current	139,587	$ 145,832
Increase (decrease) in ROU assets due to new leases as well as modifications and remeasurements to existing operating leases	10,200
Increase (decrease) in operating lease liabilities due to new leases as well as modifications and remeasurements to existing operating leases	$ 10,100

Operating Leases, Total Net Lea

Operating Leases, Total Net Lease Costs (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Net Lease Costs [Abstract]
Operating lease cost		$ 6,015	$ 5,652	$ 18,257	$ 18,898
Variable lease cost		386	449	1,127	1,700
Short-term lease cost		51	34	107	214
Sublease income		(315)	(181)	(706)	(526)
Total net lease cost	[1]	$ 6,137	$ 5,954	$ 18,785	$ 20,286
[1]	Total net lease cost does not include those costs and sublease income included in Restructuring and related charges (credits) 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 Charges (Credits)” for more information on this program.

Operating Leases, Other Supplem

Operating Leases, Other Supplemental Information for Operating Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Other Supplemental Information for Operating Leases [Abstract]
Weighted-average remaining contractual lease term (years)	9 years	9 years
Weighted-average discount rate	5.80%	5.89%
Cash paid for amounts included in the measurement of lease liabilities [Abstract]
Operating cash flows from operating leases	$ 22,486	$ 24,563

Operating Leases, Reconciliatio

Operating Leases, Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Apr. 30, 2021
Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities [Abstract]
2022 (remaining 3 months)	$ 7,674
2023	28,264
2024	26,882
2025	25,454
2026	22,807
Thereafter	95,660
Total future undiscounted minimum lease payments	206,741
Less: Imputed interest	45,556
Present value of minimum lease payments	161,185
Less: Current portion	21,598	$ 22,440
Noncurrent portion	$ 139,587	$ 145,832

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Stock-based Compensation [Abstract]
Share-based compensation expense	$ 6,300	$ 5,600	$ 19,361	$ 14,744
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	9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Restricted Stock [Member]
Restricted Stock [Abstract]
Awards granted (in shares)	653	691
Weighted average fair value of grant (in dollars per share)	$ 57	$ 41.26
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	9 Months Ended	67 Months Ended
	Jan. 31, 2022	Oct. 31, 2021	Apr. 30, 2019
Stock Options [Abstract]
Awards granted (in shares)	290,000	0
Significant Assumptions Used in Fair Value Determination [Abstract]
Weighted average fair value of options on grant date (in dollars per share)	$ 11.72
Weighted Average Assumptions [Abstract]
Expected life of options (years)	6 years 3 months 18 days
Risk-free interest rate	1.20%
Expected volatility	30.70%
Expected dividend yield	2.40%
Fair value of common stock on grant date (in dollars per share)	$ 56.66
Exercise price of stock option grant (in dollars per share)	$ 62.18
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		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 1,106,665	$ 1,020,213	$ 1,091,291	$ 933,624
Other comprehensive (loss) income before reclassifications	(11,469)	39,687	(23,423)	68,703
Amounts reclassified from accumulated other comprehensive loss	2,239	2,426	6,774	7,265
Total other comprehensive (loss) income	(9,230)	42,113	(16,649)	75,968
Balance	1,119,518	1,063,802	1,119,518	1,063,802
Accumulated Other Comprehensive Loss [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(498,209)	(541,642)	(490,790)	(575,497)
Balance	(507,439)	(499,529)	(507,439)	(499,529)
Foreign Currency Translation [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(273,361)	(305,476)	(257,941)	(340,703)
Other comprehensive (loss) income before reclassifications	(15,918)	48,305	(31,338)	83,532
Amounts reclassified from accumulated other comprehensive loss	0	0	0	0
Total other comprehensive (loss) income	(15,918)	48,305	(31,338)	83,532
Balance	(289,279)	(257,171)	(289,279)	(257,171)
Unamortized Retirement Costs [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(222,492)	(230,182)	(228,146)	(227,920)
Other comprehensive (loss) income before reclassifications	3,275	(8,237)	6,056	(13,527)
Amounts reclassified from accumulated other comprehensive loss	1,413	1,463	4,286	4,491
Total other comprehensive (loss) income	4,688	(6,774)	10,342	(9,036)
Balance	(217,804)	(236,956)	(217,804)	(236,956)
Interest Rate Swaps [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(2,356)	(5,984)	(4,703)	(6,874)
Other comprehensive (loss) income before reclassifications	1,174	(381)	1,859	(1,302)
Amounts reclassified from accumulated other comprehensive loss	826	963	2,488	2,774
Total other comprehensive (loss) income	2,000	582	4,347	1,472
Balance	$ (356)	$ (5,402)	$ (356)	$ (5,402)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss, Reclassification out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Amortization from Accumulated Other Comprehensive Loss [Abstract]
Pension expense	$ (2,738)	$ (3,012)	$ (8,401)	$ (8,257)
Reclassification out of Accumulated Other Comprehensive Loss [Member]
Amortization from Accumulated Other Comprehensive Loss [Abstract]
Pension expense	$ 1,800	$ 1,900	$ 5,500	$ 5,800

Reconciliation of Weighted Av_3

Reconciliation of Weighted Average Shares Outstanding (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Reconciliation of Weighted Average Shares Outstanding [Abstract]
Weighted average shares outstanding (in shares)	55,701	55,984	55,789	55,968
Less: Unvested restricted shares (in shares)	0	0	0	(1)
Shares used for basic earnings per share (in shares)	55,701	55,984	55,789	55,967
Dilutive effect of unvested restricted stock units and other stock awards (in shares)	688	348	692	263
Shares used for diluted earnings per share (in shares)	56,389	56,332	56,481	56,230
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)	977	1,281	863	1,323

Restructuring and Related Cha_3

Restructuring and Related Charges (Credits), Pretax Restructuring Charges (Credits) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)	[1]	$ 448	$ 20,675	$ (1,161)	$ 24,813
Business Optimization Program [Member]
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)		448	20,661	(1,161)	24,952
Restructuring and related charges incurred to date		65,101		65,101
Business Optimization Program [Member] | Severance and Termination Benefits [Member]
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)		(291)	825	(2,861)	3,618
Restructuring and related charges incurred to date		35,534		35,534
Business Optimization Program [Member] | Impairment of Operating Lease ROU Assets and Property and Equipment [Member]
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)		0	14,924	0	14,924
Restructuring and related charges incurred to date		15,079		15,079
Business Optimization Program [Member] | Acceleration of Expense Related to Operating Lease ROU Assets and Property and Equipment [Member]
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)		0	3,378	0	3,378
Restructuring and related charges incurred to date		3,378		3,378
Business Optimization Program [Member] | Facility Related Charges, Net [Member]
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)		739	1,614	1,700	3,112
Restructuring and related charges incurred to date		9,370		9,370
Business Optimization Program [Member] | Other Activities [Member]
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)		0	(80)	0	(80)
Restructuring and related charges incurred to date		1,740		1,740
Research Publishing & Platforms [Member] | Business Optimization Program [Member]
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)		0	83	238	(217)
Restructuring and related charges incurred to date		3,883		3,883
Academic & Professional Learning [Member] | Business Optimization Program [Member]
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)		215	314	(79)	1,628
Restructuring and related charges incurred to date		13,625		13,625
Education Services [Member] | Business Optimization Program [Member]
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)		5	71	(23)	294
Restructuring and related charges incurred to date		4,282		4,282
Corporate Expenses [Member] | Business Optimization Program [Member]
Summary of pretax restructuring charges (credits) [Abstract]
Restructuring and related charges (credits)		228	$ 20,193	(1,297)	$ 23,247
Restructuring and related charges incurred to date		$ 43,311		$ 43,311
[1]	See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment.

Restructuring and Related Cha_4

Restructuring and Related Charges (Credits), Activity for Business Optimization Program (Details) - Business Optimization Program [Member] $ in Thousands	9 Months Ended
	Jan. 31, 2022USD ($)
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	$ 11,465
(Credits)	(2,861)
Payments	(5,225)
Foreign translation & other adjustments	(194)
Restructuring liability, end of period	3,185
Severance and Termination Benefits [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	11,465
(Credits)	(2,861)
Payments	(5,225)
Foreign translation & other adjustments	(194)
Restructuring liability, end of period	$ 3,185

Segment Information (Details)

Segment Information (Details) $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2022USD ($)	Jan. 31, 2021USD ($)	Jan. 31, 2022USD ($)Segment	Jan. 31, 2021USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment				3
Revenue		$ 515,884	$ 482,912	$ 1,537,275	$ 1,405,249
Adjusted contribution to profit		46,437	55,002	159,684	159,084
Depreciation and amortization		53,363	49,316	162,484	147,253
Education Services [Member] | WileyNXT [Member]
Segment Information [Abstract]
Revenue			500		1,600
Adjusted contribution to profit			(200)		(400)
Depreciation and amortization			0		0
Operating Segments [Member]
Segment Information [Abstract]
Adjusted contribution to profit		99,813	99,297	303,685	282,046
Depreciation and amortization		49,212	45,723	150,066	136,202
Operating Segments [Member] | Research Publishing & Platforms [Member]
Segment Information [Abstract]
Revenue		263,341	239,850	813,251	731,994
Adjusted contribution to profit		62,165	60,865	218,242	204,336
Depreciation and amortization		23,914	20,997	71,140	60,463
Operating Segments [Member] | Academic & Professional Learning [Member]
Segment Information [Abstract]
Revenue	[1]	170,633	173,626	486,426	469,971
Adjusted contribution to profit	[1]	34,989	33,151	83,918	64,454
Depreciation and amortization	[1]	17,038	17,233	53,550	53,757
Operating Segments [Member] | Education Services [Member]
Segment Information [Abstract]
Revenue	[1]	81,910	69,436	237,598	203,284
Adjusted contribution to profit	[1]	2,659	5,281	1,525	13,256
Depreciation and amortization	[1]	8,260	7,493	25,376	21,982
Corporate [Member]
Segment Information [Abstract]
Adjusted contribution to profit		(53,376)	(44,295)	(144,001)	(122,962)
Depreciation and amortization		$ 4,151	$ 3,593	$ 12,418	$ 11,051
[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, $(0.2) million, and none, respectively, for the three months ended January 31, 2021. The Revenue, Adjusted Contribution to Profit and Depreciation and Amortization for WileyNXT was $1.6 million, $(0.4) million, and none, respectively, for the nine months ended January 31, 2021. 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		9 Months Ended
		Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Reconciliation of Consolidated US GAAP Operating Income to Non-GAAP Adjusted Contribution to Profit [Abstract]
US GAAP Operating Income		$ 45,989	$ 34,327	$ 160,845	$ 134,271
Adjustments [Abstract]
Restructuring and related charges (credits)	[1]	448	20,675	(1,161)	24,813
Non-GAAP Adjusted Contribution to Profit		$ 46,437	$ 55,002	$ 159,684	$ 159,084
[1]	See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Apr. 30, 2021
Inventories [Abstract]
Finished goods	$ 29,613	$ 31,704
Work-in-process	2,053	2,060
Paper and other materials	260	331
Total inventories before estimated sales returns and LIFO reserve	31,926	34,095
Inventory value of estimated sales returns	10,243	10,886
LIFO reserve	(2,443)	(2,443)
Inventories, net	$ 39,726	$ 42,538

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Goodwill (Details) - USD ($) $ in Thousands		9 Months Ended
		Jan. 31, 2022	Apr. 30, 2021
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	[1]	$ 1,304,340
Acquisitions	[2]	42,871
Foreign translation adjustment		(21,247)
Balance, end of period		1,325,964
Cumulative pretax noncash goodwill impairment			$ 110,000
Research Publishing & Platforms [Member]
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	[1]	619,203
Acquisitions	[2]	21,252
Foreign translation adjustment		(12,443)
Balance, end of period		628,012
Academic & Professional Learning [Member]
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	[1]	512,512
Acquisitions	[2]	0
Foreign translation adjustment		(8,243)
Balance, end of period		504,269
Education Services [Member]
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	[1]	172,625
Acquisitions	[2]	21,619
Foreign translation adjustment		(561)
Balance, end of period		$ 193,683
[1]	The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million.
[2]	Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in the nine months ended January 31, 2022.

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Intangible Assets (Details) - USD ($) $ in Thousands		Jan. 31, 2022	Apr. 30, 2021
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	[1]	$ 847,679	$ 885,261	[2]
Intangible assets with indefinite lives [Abstract]
Intangible assets with indefinite lives		123,214	130,041	[2]
Intangible assets (excluding goodwill) [Abstract]
Total intangible assets, net		970,893	1,015,302	[2]
Brands and Trademarks [Member]
Intangible assets with indefinite lives [Abstract]
Intangible assets with indefinite lives		37,000	37,000	[2]
Accumulated impairment			93,100
Content and Publishing Rights [Member]
Intangible assets with indefinite lives [Abstract]
Intangible assets with indefinite lives		86,214	93,041	[2]
Content and Publishing Rights [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	[1]	522,090	564,229	[2]
Customer Relationships [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	[1]	249,136	266,477	[2]
Developed Technology [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	[1]	58,940	34,961	[2]
Accumulated impairment			2,800
Brands and Trademarks [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	[1]	17,097	19,536	[2]
Covenants Not to Compete [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	[1]	$ 416	$ 58	[2]
[1]	Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in the nine months ended January 31, 2022.
[2]	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		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Effective income tax rate [Abstract]
Effective tax rate as reported	18.20%	19.10%	33.40%	14.90%
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		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Components of net pension income for defined benefit plans [Abstract]
Service cost	$ 291	$ 356	$ 898	$ 1,036
Interest cost	5,122	4,564	15,523	13,695
Expected return on plan assets	(9,986)	(9,853)	(30,387)	(28,880)
Amortization of prior service cost	(23)	(23)	(67)	(72)
Amortization of net actuarial loss	1,858	1,944	5,632	5,964
Net pension income	(2,738)	(3,012)	(8,401)	(8,257)
Employer defined benefit pension plan contributions	3,400	3,600	11,900	12,500
Defined Contribution Savings Plans [Abstract]
Expense for employer defined contribution savings plans	$ 7,200	$ 5,600	$ 22,800	$ 17,400

Debt and Available Credit Fac_3

Debt and Available Credit Facilities (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021	Apr. 30, 2021	May 30, 2019
Components of Total Debt Outstanding [Abstract]
Short-term portion of long-term debt	[1]	$ 15,625		$ 15,625		$ 12,500
Long-term debt, less current portion		902,045		902,045		809,088
Total debt		917,670		917,670		821,588
Unamortized issuance costs		400		$ 400		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	$ 800	$ 800
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]
Long-term debt, less current portion	[2]	210,552		$ 210,552		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]
Long-term debt, less current portion		691,493		$ 691,493		$ 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		500,000
Minimum increments in which optional credit limit increase may be requested		50,000		50,000
Unused borrowing capacity under our Amended and Restated RCA and other facilities		$ 559,500		$ 559,500
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 $0.4 million as of January 31, 2022 and $0.5 million as of April 30, 2021.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Details) $ in Thousands, € in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2022USD ($)	Jan. 31, 2021USD ($)	Jan. 31, 2022USD ($)	Jan. 31, 2021USD ($)	Apr. 30, 2021USD ($)	Jan. 31, 2021EUR (€)
Derivative Instruments and Hedging Activities [Abstract]
Total debt outstanding	$ 917,670		$ 917,670		$ 821,588
Unamortized debt issuance costs	400		400		500
Variable rate loans outstanding	918,100		918,100
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		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	$ 1,000	3,300	$ 2,800
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	1,500		1,500
Interest Rate Swaps [Member] | Recurring [Member] | Level 2 [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Non-current Assets [Member]
Derivative Instruments and Hedging Activities [Abstract]
Assets fair value of derivative instrument	1,700		1,700
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	1,100		1,100
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	$ 400		$ 400		$ 5,600
Forward Exchange Contracts [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities [Abstract]
Open derivative contract		$ 38,800		$ 38,800		€ 32

Capital Stock and Changes in _3

Capital Stock and Changes in Capital Accounts, Share Repurchases (Details) - $ / shares	3 Months Ended		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Class A [Member]
Share Repurchases [Abstract]
Shares repurchased (in shares)	134	146	446	146
Average price (in dollars per share)	$ 55.40	$ 48.09	$ 55.48	$ 48.09
Class B [Member]
Share Repurchases [Abstract]
Shares repurchased (in shares)	1	1	2	1
Average price (in dollars per share)	$ 55.40	$ 48.09	$ 55.48	$ 48.09

Capital Stock and Changes in _4

Capital Stock and Changes in Capital Accounts, Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 12, 2022	Oct. 27, 2021	Jul. 21, 2021	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Cash Dividends [Abstract]
Total dividend						$ 57,900	$ 57,802
Class A [Member]
Cash Dividends [Abstract]
Quarterly cash dividend (in dollars per share)				$ 0.3450	$ 0.3425	$ 0.3450	$ 0.3425
Class B [Member]
Cash Dividends [Abstract]
Quarterly cash dividend (in dollars per share)				$ 0.3450	$ 0.3425	$ 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
Dividend Declared in Q2 2021 [Member] | Class A [Member]
Cash Dividends [Abstract]
Date of declaration by board of directors						Sep. 29, 2021
Quarterly cash dividend (in dollars per share)						$ 0.3450
Total dividend		$ 19,200
Dividend paid date						Oct. 27, 2021
Shareholders of record as of date						Oct. 12, 2021
Dividend Declared in Q2 2021 [Member] | Class B [Member]
Cash Dividends [Abstract]
Date of declaration by board of directors						Sep. 29, 2021
Quarterly cash dividend (in dollars per share)						$ 0.3450
Total dividend		$ 19,200
Dividend paid date						Oct. 27, 2021
Shareholders of record as of date						Oct. 12, 2021
Dividend Declared in Q3 2021 [Member] | Class A [Member]
Cash Dividends [Abstract]
Date of declaration by board of directors						Dec. 15, 2021
Quarterly cash dividend (in dollars per share)						$ 0.3450
Total dividend	$ 19,200
Dividend paid date						Jan. 12, 2022
Shareholders of record as of date						Dec. 28, 2021
Dividend Declared in Q3 2021 [Member] | Class B [Member]
Cash Dividends [Abstract]
Date of declaration by board of directors						Dec. 15, 2021
Quarterly cash dividend (in dollars per share)						$ 0.3450
Total dividend	$ 19,200
Dividend paid date						Jan. 12, 2022
Shareholders of record as of date						Dec. 28, 2021

Capital Stock and Changes in _5

Capital Stock and Changes in Capital Accounts, Changes in Common Stock (Details) - shares shares in Thousands	9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
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)	10	42
Number of shares issued, end of period (in shares)	70,218	70,208
Changes in Common Stock in Treasury [Abstract]
Number of shares held, beginning of year (in shares)	23,419	23,405
Purchases of treasury shares (in shares)	446	146
Shares issued under the Director Plan to Directors (in shares)	(2)	(6)
Restricted shares issued from exercise of stock options (in shares)	(24)	(33)
Shares issued related to the acquisition of a business (in shares)	(129)	0
Shares withheld for taxes (in shares)	110	70
Number of shares held, end of period (in shares)	23,549	23,394
Number of Common Stock outstanding, end of period (in shares)	46,669	46,814
Class A [Member] | Non-PSU Awards [Member]
Changes in Common Stock in Treasury [Abstract]
Restricted shares issued under stock-based compensation plans (in shares)	(163)	(100)
Class A [Member] | PSU Awards [Member]
Changes in Common Stock in Treasury [Abstract]
Restricted shares issued under stock-based compensation plans (in shares)	(108)	(88)
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)	(10)	(42)
Number of shares issued, end of period (in shares)	12,964	12,974
Changes in Common Stock in Treasury [Abstract]
Number of shares held, beginning of year (in shares)	3,922	3,920
Purchases of treasury shares (in shares)	2	1
Number of shares held, end of period (in shares)	3,924	3,921
Number of Common Stock outstanding, end of period (in shares)	9,040	9,053