John Wiley & Sons (WLY) 10-Q 7 Sep 22 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2022	Aug. 31, 2022
Entity Listings [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2022
Current Fiscal Year End Date	--04-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Document Transition Report	false
Entity File Number	001-11507
Entity Registrant Name	JOHN WILEY & SONS, INC.
Entity Central Index Key	0000107140
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-5593032
Entity Address, Address Line One	111 River Street
Entity Address, City or Town	Hoboken
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07030
City Area Code	201
Local Phone Number	748-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Class A Common Stock, par value $1.00 per share [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Class A Common Stock, par value $1.00 per share
Trading Symbol	WLY
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		46,673,476
Class B Common Stock, par value $1.00 per share [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Class B Common Stock, par value $1.00 per share
Trading Symbol	WLYB
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		9,029,198

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED - USD ($) $ in Thousands		Jul. 31, 2022	Apr. 30, 2022
Current assets
Cash and cash equivalents		$ 104,495	$ 100,397
Accounts receivable, net of allowance for credit losses of $23.5 million and $21.2 million, respectively		281,443	331,960
Inventories, net		33,422	36,585
Prepaid expenses and other current assets		81,410	81,924
Total current assets		500,770	550,866
Technology, property and equipment, net		258,454	271,572
Intangible assets, net		895,808	931,429	[1]
Goodwill		1,289,242	1,302,142	[2]
Operating lease right-of-use assets		103,196	111,719
Other non-current assets		181,838	193,967
Total assets		3,229,308	3,361,695
Current liabilities
Accounts payable		56,677	77,438
Accrued royalties		93,552	101,596
Short-term portion of long-term debt	[3]	21,875	18,750
Contract liabilities	[4]	407,098	538,126
Accrued employment costs		80,200	117,121
Short-term portion of operating lease liabilities		19,788	20,576
Other accrued liabilities		101,554	95,812
Total current liabilities		780,744	969,419
Long-term debt		917,236	768,277
Accrued pension liability		77,511	78,622
Deferred income tax liabilities		159,717	180,065
Operating lease liabilities		127,055	132,541
Other long-term liabilities		84,719	90,502
Total liabilities		2,146,982	2,219,426
Shareholders' equity
Preferred stock, $1 par value per share: Authorized shares - 2 million, Issued shares - 0		0	0
Additional paid-in-capital		458,578	459,297
Retained earnings		1,883,857	1,921,160
Accumulated other comprehensive loss, net of tax		(523,289)	(508,146)
Less treasury shares at cost (Class A - 23,557 and 23,515 as of July 31, 2022 and April 30, 2022, respectively; Class B - 3,924 and 3,924 as of July 31, 2022 and April 30, 2022, respectively)		(820,002)	(813,224)
Total shareholders' equity		1,082,326	1,142,269
Total liabilities and shareholders' equity		3,229,308	3,361,695
Class A [Member]
Shareholders' equity
Common stock		70,226	70,226
Class B [Member]
Shareholders' equity
Common stock		$ 12,956	$ 12,956
[1]The developed technology balance as of April 30, 2022 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2022 is net of accumulated impairments of $93.1 million.[2]The Research segment was previously referred to as Research Publishing & Platforms.[3]Relates to our term loan A under the Amended and Restated RCA.[4]The sales return reserve recorded in Contract liabilities is $29.6 million and $31.1 million, as of July 31, 2022 and April 30, 2022, respectively.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED (Parenthetical) - USD ($) shares in Thousands, $ in Millions	Jul. 31, 2022	Apr. 30, 2022
Current assets
Accounts receivable, allowance for credit losses	$ 23.5	$ 21.2
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)	70,226	70,226
Treasury stock (in shares)	23,557	23,515
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)	12,956	12,956
Treasury stock (in shares)	3,924	3,924

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF NET (LOSS) INCOME - UNAUDITED - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Jul. 31, 2022	Jul. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF NET (LOSS) INCOME - UNAUDITED [Abstract]
Revenue, net		$ 487,569	$ 488,388
Costs and expenses
Cost of sales		174,031	165,956
Operating and administrative expenses		282,751	260,589
Restructuring and related charges (credits)	[1]	22,441	(276)
Amortization of intangible assets		25,311	21,151
Total costs and expenses		504,534	447,420
Operating (loss) income		(16,965)	40,968
Interest expense		(6,332)	(4,639)
Foreign exchange transaction (losses) gains		(616)	370
Gain on sale of certain assets		0	3,750
Other income, net		526	3,553
(Loss) income before taxes		(23,387)	44,002
(Benefit) Provision for income taxes		(5,552)	30,172
Net (loss) income		$ (17,835)	$ 13,830
(Loss) Earnings per share:
Basic (in dollars per share)		$ (0.32)	$ 0.25
Diluted (in dollars per share)		$ (0.32)	$ 0.24
Weighted average number of common shares outstanding:
Basic (in shares)		55,736	55,869
Diluted (in shares)		55,736	56,599
[1]See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - UNAUDITED [Abstract]
Net (loss) income	$ (17,835)	$ 13,830
Other comprehensive (loss) income:
Foreign currency translation adjustment	(19,780)	(5,937)
Unamortized retirement credits, net of tax (expense) of $(1,480) and $(443), respectively	5,081	1,589
Unrealized (loss) gain on interest rate swaps, net of tax benefit (expense) of $61 and $(173), respectively	(444)	538
Total other comprehensive (loss) income	(15,143)	(3,810)
Comprehensive (loss) income	$ (32,978)	$ 10,020

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Other comprehensive (loss) income:
Unamortized retirement credits, tax (expense)	$ (1,480)	$ (443)
Unrealized (loss) gain on interest rate swaps, tax benefit (expense)	$ 61	$ (173)

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Jul. 31, 2022	Jul. 31, 2021	Apr. 30, 2022
Operating activities
Net (loss) income		$ (17,835)	$ 13,830
Adjustments to reconcile net income to net cash used in operating activities:
Amortization of intangible assets		25,311	21,151
Amortization of product development assets		8,288	9,058
Depreciation and amortization of technology, property and equipment		24,680	24,357
Restructuring and related charges (credits)	[1]	22,441	(276)
Stock-based compensation expense		7,123	6,341
Employee retirement plan expense		8,325	6,239
Foreign exchange transaction losses (gains)		616	(370)
Gain on sale of certain assets		0	(3,750)
Other noncash (credits) charges		(10,791)	27,672
Net change in operating assets and liabilities		(158,097)	(189,026)
Net cash used in operating activities		(89,939)	(84,774)
Investing activities
Product development spending		(5,825)	(5,670)
Additions to technology, property and equipment		(17,923)	(17,910)
Businesses acquired in purchase transactions, net of cash acquired		(96)	(3,032)
Proceeds related to the sale of certain assets		0	3,375
Acquisitions of publication rights and other		2,038	(295)
Net cash used in investing activities		(21,806)	(23,532)
Financing activities
Repayments of long-term debt		(111,800)	(41,300)
Borrowings of long-term debt		268,673	184,003
Purchases of treasury shares		(10,000)	(7,367)
Change in book overdrafts		(4,694)	(12,780)
Cash dividends		(19,468)	(19,307)
Impact of tax withholding on stock-based compensation and other		(4,722)	(4,160)
Net cash provided by financing activities		117,989	99,089
Effects of exchange rate changes on cash, cash equivalents, and restricted cash		(1,985)	(1,586)
Cash reconciliation:
Cash and cash equivalents		100,397	93,795	$ 93,795
Restricted cash included in Prepaid expenses and other current assets		330	564	564
Balance at beginning of period		100,727	94,359	94,359
Increase/(decrease) for the period		4,259	(10,803)
Cash and cash equivalents		104,495	82,982	100,397
Restricted cash included in Prepaid expenses and other current assets		491	574	330
Balance at end of period		104,986	83,556	$ 100,727
Cash paid during the period for:
Interest		5,511	4,183
Income taxes, net of refunds		$ 14,075	$ 6,441
[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]
Balance at Apr. 30, 2021	$ 70,208	$ 12,974	$ 444,358			$ 1,850,058			$ (490,790)			$ (795,517)			$ 1,091,291
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted shares issued under stock-based compensation plans	0	0	(6,342)			(3)			0			6,409			64
Impact of tax withholding on stock-based compensation and other	0	0	310			0			0			(4,470)			(4,160)
Stock-based compensation expense	0	0	7,364			0			0			0			7,364
Purchases of treasury shares	0	0	0			0			0			(7,367)			(7,367)
Common stock dividends	0	0		$ 0	$ 0		$ (16,185)	$ (3,122)		$ 0	$ 0		$ 0	$ 0		$ (16,185)	$ (3,122)
Common stock class conversions	3	(3)	0			0			0			0			0
Comprehensive (loss) income, net of tax	0	0	0			13,830			(3,810)			0			10,020
Balance at Jul. 31, 2021	70,211	12,971	445,690			1,844,578			(494,600)			(800,945)			1,077,905
Balance at Apr. 30, 2022	70,226	12,956	459,297			1,921,160			(508,146)			(813,224)			1,142,269
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted shares issued under stock-based compensation plans	0	0	(7,857)			0			0			7,944			87
Impact of tax withholding on stock-based compensation and other	0	0	0			0			0			(4,722)			(4,722)
Stock-based compensation expense	0	0	7,138			0			0			0			7,138
Purchases of treasury shares	0	0	0			0			0			(10,000)			(10,000)
Common stock dividends	0	0		$ 0	$ 0		$ (16,330)	$ (3,138)		$ 0	$ 0		$ 0	$ 0		$ (16,330)	$ (3,138)
Comprehensive (loss) income, net of tax	0	0	0			(17,835)			(15,143)			0			(32,978)
Balance at Jul. 31, 2022	$ 70,226	$ 12,956	$ 458,578			$ 1,883,857			$ (523,289)			$ (820,002)			$ 1,082,326

CONDENSED CONSOLIDATED STATEM_8

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - UNAUDITED (Parenthetical) - $ / shares	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Class A [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock dividend (in dollars per share)	$ 0.3475	$ 0.3450
Class B [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock dividend (in dollars per share)	$ 0.3475	$ 0.3450

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jul. 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, 2022 as filed with the SEC on June 24, 2022 (2022 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.

Recent Accounting Standards

Recent Accounting Standards	3 Months Ended
	Jul. 31, 2022
Recent Accounting Standards [Abstract]
Recent Accounting Standards	Note 2 Recent Accounting Standards Recently Adopted Accounting Standards Convertible Debt Instruments, Derivatives and EPS In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40)”. This ASU reduces the number of accounting models for convertible debt instruments and convertible preferred stock, as well as amend the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. In addition, this ASU improves and amends the related earnings-per-share (EPS) guidance. We adopted ASU 2020-06 on May 1, 2022. The adoption did not have an impact on our consolidated financial statements at the time of adoption. 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.

Acquisitions

Acquisitions	3 Months Ended
	Jul. 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”). XYZ Media’s revenue and operating loss included in our Education Services segment results for the months ended was $ million and $ million, respectively. During the three months ended July 31, 2022, no revisions were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed. We recorded the preliminary fair value of the assets acquired and liabilities assumed on the acquisition date, which included a preliminary allocation of $ million of goodwill allocated to the Education Services segment and $ million of intangible assets subject to amortization. The allocation of the total consideration transferred to the assets acquired, including intangible assets and goodwill, and the liabilities assumed is preliminary, and could be revised as a result of additional information obtained due to the finalization of the -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 year from the acquisition date. Other Acquisitions in Fiscal Year 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 segment results. We also completed the acquisition of two immaterial business included in our Research segment and 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 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. The incremental revenue and operating loss included in the Research segment for the three months ended July 31, 2022 related to these other acquisitions was approximately $4.6 million and $(2.3), respectively. During the three months ended July 31, 2022, no revisions were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed. Associated with these other acquisitions, we recorded the preliminary aggregate excess purchase price over identifiable net tangible and intangible assets acquired and liabilities assumed, which included a preliminary allocation 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 dates.

Revenue Recognition, Contracts

Revenue Recognition, Contracts with Customers	3 Months Ended
	Jul. 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 July 31, 2022 2021 Research (1) : Research Publishing (2) $ 239,523 $ 243,284 Research Solutions (2) 35,390 31,472 Total Research 274,913 274,756 Academic & Professional Learning: Education Publishing 63,056 66,380 Professional Learning 69,903 72,884 Total Academic & Professional Learning 132,959 139,264 Education Services: University Services (3) 47,811 54,968 Talent Development Services (3) 31,886 19,400 Total Education Services 79,697 74,368 Total Revenue $ 487,569 $ 488,388 (1) The Research segment was previously referred to as Research Publishing & Platforms. (2) As previously announced, in May 2022 our revenue by product type previously referred to as Research Platforms was changed to Research Solutions. Research Solutions includes infrastructure and publishing services that help societies and corporations thrive in a complex knowledge ecosystem. In addition to Platforms (Atypon), certain product offerings such as corporate sales which included the recent acquisitions of Madgex Holdings Limited (Madgex), and Bio-Rad Laboratories Inc.’s Informatics products (Informatics) that were previously included in Research Publishing moved to Research Solutions to align with our strategic focus. Research Solutions also includes product offerings related to certain recent acquisitions such as J&J, and EJP. Prior period results have been revised to the new presentation. There were no changes to the total Research segment or our consolidated financial results. (3) In May 2022, we moved the WileyNXT product offering from Talent Development Services to University Services and the prior period results have been included in University Services. The revenue reclassified was $ million for the months ended . There were changes to the total Education Services segment or our total consolidated financial results. The following information describes our disaggregation of revenue by segment and product type. Overall, the majority of our revenue is recognized over time. Research Research 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 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 products is recognized over time. Total Research revenue was $274.9 million in the three months ended July 31, 2022. We disaggregated revenue by Research Publishing and Research Solutions 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 $239.5 million in the three months ended July 31, 2022 and the majority is recognized over time. Research Publishing products generate approximately 87% of its revenue from contracts with its customers from Journal Subscriptions (pay to read), Open Access (pay to publish) and Transformational Agreements (read and publish) and the remainder from Licensing, Reprints, Backfiles, and Other. Research Solutions Products and Services Research Solutions services include Atypon Systems, Inc (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 J&J Editorial Services, LLC. (J&J) and the eJournalPress (EJP) business. J&J is a publishing services company providing expert offerings in editorial operations, production, copyediting, system support and consulting. EJP is a technology platform company with an established journal submission and peer-review management system. Academic & Professional Learning Academic & Professional Learning provides Education Publishing and Professional Learning products and services including scientific, professional, and education print and digital books, digital courseware, and test preparation services to libraries, corporations, students, professionals, and researchers, as well as learning, development, and assessment services for businesses and professionals. Communities served include business, finance, accounting, workplace learning, management, leadership, technology, behavioral health, engineering/architecture, science and medicine, and education. Products are developed for worldwide distribution through multiple channels, including chain and online booksellers, libraries, colleges and universities, corporations, direct to consumer, web sites, distributor networks and other online applications. Publishing centers include Australia, Germany, India, the UK, and the US. Total Academic & Professional Learning revenue was $ million in the . We disaggregated revenue by type of products provided. Academic & Professional Learning products are Education Publishing and Professional Learning. Academic & Professional Learning revenues are mainly recognized at a point in time . Education Publishing Products Education Publishing products revenue was $63.1 million in the three months ended July 31, 2022. Education Publishing products generate approximately 74% of its revenue from contracts with its customers from Education (print and digital) Publishing, which is recognized at a point in time, and 7% from Digital Courseware which is recognized over time. The remainder of its revenues were from Test Preparation and Certification, and Licensing and Other, which has a mix of revenue recognized at a point in time and over time. Professional Learning Products Professional Learning products revenue was $69.9 million in the three months ended July 31, 2022. Professional Learning (print and digital) products generate approximately 59% 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 41% of Professional Learning products revenue is from contracts with its customers from Corporate Training and Corporate Learning, which is recognized mainly over time. Education Services Education Services revenue was $79.7 million in the three months ended July 31, 2022 and the majority is recognized over time. We disaggregated revenue by type of services provided, which are University Services and Talent Development Services. University Services University Services revenue was $47.8 million in the three months ended July 31, 2022 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 technology 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 in the and is recognized at the point in time the services are provided to its customers. Talent Development Services Accounts Receivable, net and Contract Liability Balances When consideration is received, or such consideration is unconditionally due, from a customer prior to transferring goods or services to the customer under the terms of a contract, a contract liability is recorded. Contract liabilities are recognized as revenue when, or as, control of the products or services are transferred to the customer and all revenue recognition criteria have been met. The following table provides information about accounts receivable, net and contract liabilities from contracts with customers. July 31, 2022 April 30, 2022 Increase/ (Decrease) Balances from contracts with customers: Accounts receivable, net $ 281,443 $ 331,960 $ (50,517 ) Contract liabilities (1) 407,098 538,126 (131,028 ) Contract liabilities (included in Other long-term liabilities) $ 20,171 $ 19,072 $ 1,099 (1) The sales return reserve recorded in Contract liabilities is $29.6 million and $31.1 million, as of July 31, 2022 and April 30, 2022, respectively. For the three months ended July 31, 2022, we estimate that we recognized revenue of approximately that was included in the current contract liability at April 30, 2022 . The decrease in contract liabilities excluding the sales return reserve, was primarily driven by revenue earned on journal subscription agreements, transformational agreements, and open access, partially offset by renewals of journal subscription agreements, transformational agreements, and open access. Remaining Performance Obligations included in Contract Liability As of July 31, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligations is approximately $427.3 million, which included the sales return reserve of $29.6 million. Excluding the sales return reserve, we expect that approximately $377.5 million will be recognized in the next twelve months with the remaining $20.2 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 Solutions 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 $10.7 million and $10.9 million at July 31, 2022 and April 30, 2022, respectively, and are included within Other non-current assets on our Unaudited Condensed Consolidated Statements of Financial Position. We recorded amortization expense of $1.2 million and $1.5 million in the three months ended July 31, 2022 and 2021, respectively, related to these assets within Cost of sales on our Unaudited Condensed Consolidated Statements of Net (Loss) 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 (Loss) Income. We incurred $6.5 million and $6.8 million in shipping and handling costs in the three months ended July 31, 2022 and 2021, respectively.

Operating Leases

Operating Leases	3 Months Ended
	Jul. 31, 2022
Operating Leases [Abstract]
Operating Leases	Note 5 Operating Leases Lessee We have contractual obligations as a lessee with respect to offices, warehouses and distribution centers, automobiles, and office equipment. We determine if an arrangement is a lease at inception of the contract in accordance with guidance detailed in the lease standard and we perform the lease classification test as of the lease commencement date. Right-of-use (ROU) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The present value of the lease payments is calculated using an incremental borrowing rate, which was determined based on the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. We use an unsecured borrowing rate and risk-adjust that rate to approximate a collateralized rate. Under the leasing standard, leases that are more than one year in duration are capitalized and recorded on our Unaudited Condensed Consolidated Statements of Financial Position. Some of our leases offer an option to extend the term of such leases. We utilize the reasonably certain threshold criteria in determining which options we will exercise. Furthermore, some of our lease payments are based on index rates with minimum annual increases. These represent fixed payments and are captured in the future minimum lease payments calculation. For operating leases, the ROU assets and lease liabilities are presented on our Condensed Consolidated Statement of Financial Position as follows: July 31, 2022 April 30, 2022 Operating lease ROU assets $ 103,196 $ 111,719 Short-term portion of operating lease liabilities 19,788 20,576 Operating lease liabilities, non-current $ 127,055 $ 132,541 During the three months ended July 31, 2022, we added less than $0.1 million to the ROU assets and operating lease liabilities due to new leases, as well as modifications and remeasurements to our existing operating leases. As a result of the Fiscal Year Restructuring Program, which included the exit of certain leased office space beginning in the months ended , we incurred an initial pretax restructuring charge of $ million in the months ended . This initial charge included severance, impairment charges and acceleration of expense associated with certain operating lease ROU assets. See Note , “Restructuring and Related Charges (Credits)” for more information on this program and the charges incurred. Our total net lease costs are as follows: Three Months Ended July 31, 2022 2021 Operating lease cost $ 5,182 $ 5,917 Variable lease cost 278 344 Short-term lease cost 115 20 Sublease income (198 ) (201 ) Total net lease cost (1) $ 5,377 $ 6,080 (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 (Loss) Income. This includes operating leases we identified a See Note 9 , “Restructuring and Related Charges (Credits)” for more information on these programs. Other supplemental information includes the following: Three Months Ended July 31, 2022 2021 Weighted-average remaining contractual lease term (years) 8 9 Weighted-average discount rate 5.87 % 5.83 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,341 $ 7,974 The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded on our Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2022: Fiscal Year Operating Lease Liabilities 2023 (remaining 9 months) $ 20,619 2024 25,940 2025 24,556 2026 22,226 2027 17,871 Thereafter 77,513 Total future undiscounted minimum lease payments 188,725 Less: Imputed interest 41,882 Present value of minimum lease payments 146,843 Less: Current portion 19,788 Noncurrent portion $ 127,055

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jul. 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 in advance, or less. Performance-Based and Other Restricted Stock Activity Under the terms of our long-term incentive plans, performance-based restricted unit awards are payable in restricted shares of our Class A Common Stock upon the achievement of certain or less financial performance-based targets. During each period or less, we adjust compensation expense based upon our best estimate of expected performance. We may also grant individual restricted unit awards payable in restricted shares of our Class A Common Stock to key employees in connection with their employment. The following table summarizes awards we granted to employees (shares in thousands): Three Months Ended July 31, 2022 2021 Restricted Stock Awards granted (shares) 494 433 Weighted average fair value of grant $ 45.99 $ 57.36 Stock Option Activity We granted and stock option awards during the months ended and , respectively. Options are exercisable over a maximum period of from the date of grant. These options generally vest , , , and on , 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 months ended and using the Black-Scholes option-pricing model Three Months Ended July 31, 2022 2021 Weighted average fair value of options on grant date $ 9.42 $ 11.80 Weighted Average Assumptions Expected life of options (years) 5.9 6.3 Risk-free interest rate 0.5 % 1.1 % Expected volatility 31.2 % 30.6 % Expected dividend yield 3.0 % 2.4 % Fair value of common stock on grant date $ 45.99 $ 57.34 Exercise price of stock option grant $ 45.99 $ 63.07

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Jul. 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 months ended July 31, 2022 and 2021 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at April 30, 2022 $ (329,566 ) $ (182,226 ) $ 3,646 $ (508,146 ) Other comprehensive (loss) income before reclassifications (19,780 ) 3,979 (737 ) (16,538 ) Amounts reclassified from Accumulated other comprehensive loss — 1,102 293 1,395 Total other comprehensive (loss) income (19,780 ) 5,081 (444 ) (15,143 ) Balance at July 31, 2022 $ (349,346 ) $ (177,145 ) $ 3,202 $ (523,289 ) Balance at April 30, 2021 $ (257,941 ) $ (228,146 ) $ (4,703 ) $ (490,790 ) Other comprehensive (loss) income before reclassifications (5,937 ) 142 (293 ) (6,088 ) Amounts reclassified from Accumulated other comprehensive loss — 1,447 831 2,278 Total other comprehensive (loss) income (5,937 ) 1,589 538 (3,810 ) Balance at July 31, 2021 $ (263,878 ) $ (226,557 ) $ (4,165 ) $ (494,600 ) During the three months ended July 31, 2022 and 2021, pretax actuarial losses included in Unamortized Retirement Costs of approximately $1.5 million and $1.8 million, respectively, were amortized from Accumulated other comprehensive loss and recognized as pension and post-retirement benefit expense primarily in Operating and administrative expenses and Other income, net on our Unaudited Condensed Consolidated Statements of Net (Loss) Income. Our policy for releasing the income tax effects from accumulated other comprehensive (loss) income is to release when the corresponding pretax accumulated other comprehensive (loss) income items are reclassified to earnings.

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Shares Outstanding	3 Months Ended
	Jul. 31, 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 (loss) earnings per share follows (shares in thousands): Three Months Ended July 31, 2022 2021 Weighted average shares outstanding 55,736 55,869 Shares used for basic (loss) earnings per share 55,736 55,869 Dilutive effect of unvested restricted stock units and other stock awards — 730 Shares used for diluted (loss) earnings per share 55,736 56,599 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 1,211 930 In calculating diluted net loss per common share for the three months ended July 31, 2022 our diluted weighted average number of common shares outstanding excludes the effect of unvested restricted stock units and other stock awards as the effect was anti-dilutive. This occurs when a US GAAP net loss is reported and the effect of using dilutive shares is antidilutive. The shares associated with performance-based stock awards are considered contingently issuable shares and will be included in the diluted weighted average number of common shares outstanding when they have met the performance conditions and when their effect is dilutive

Restructuring and Related Charg

Restructuring and Related Charges (Credits)	3 Months Ended
	Jul. 31, 2022
Restructuring and Related Charges (Credits) [Abstract]
Restructuring and Related Charges (Credits)	Note 9 Restructuring and Related Charges (Credits) Fiscal Year 2023 Restructuring Program In May 2022, the Company initiated a global program to restructure and align our cost base with current and anticipated future market conditions (Fiscal Year 2023 Restructuring Program). The following tables summarize the pretax restructuring charges related to this program: Three Months Ended July 31, 2022 Charges by Segment: Research $ 81 Academic & Professional Learning 5,914 Education Services 830 Corporate Expenses 14,916 Total Restructuring and Related Charges $ 21,741 Charges by Activity: Severance and termination benefits $ 12,097 Impairment of operating lease ROU assets and property and equipment 6,106 Acceleration of expense related to operating lease ROU assets and property and equipment 1,840 Facility related charges, net 1,698 Total Restructuring and Related Charges $ 21,741 This program includes the exit of certain leased office space beginning in the three months ended July 31, 2022 and the reduction of our occupancy at other facilities. We are reducing our real estate square footage occupancy by approximately . In addition, the program includes severance related charges for the elimination of certain positions. These actions resulted in an initial pretax restructuring charge of $ million in the three months ended July 31, 2022 . This restructuring charge primarily reflects the following charges: • Severance charges of $12.1 million for the elimination of certain positions, • Impairment charges of $6.1 million recorded in our corporate category, which included the impairment of operating lease ROU assets of $2.9 million related to certain leases that will be subleased, and the related property and equipment of $3.2 million described further below, and • Acceleration of expense of $1.8 million, which included the acceleration of rent expense associated with operating lease ROU assets of $0.9 million related to certain leases that will be abandoned or terminated and the related depreciation and amortization of property and equipment of $0.9 million. Due to the actions taken above, we tested the operating lease ROU assets and the related property and equipment for those being subleased for recoverability by comparing the carrying value of the asset group to an estimate of the future undiscounted cash flows expected to result from the use and eventual disposition of the asset group. Based on the results of the recoverability test, we determined that the undiscounted cash flows of the asset groups were below the carrying values. Therefore, there was an indication of impairment. We then determined the fair value of the asset groups by utilizing the present value of the estimated future cash flows attributable to the assets. The fair value of these operating lease ROU assets and the property and equipment immediately subsequent to the impairment was $ million and was categorized as Level within the FASB ASC Topic , “Fair Value Measurements” fair value hierarchy. In addition, we also incurred ongoing facility-related costs associated with certain properties that resulted in additional restructuring charges of $ million in the months ended . The following table summarizes the activity for the Fiscal Year 2023 Restructuring Program liability for the three months ended July 31, 2022: April 30, 2022 Charges Payments Foreign Translation & Other Adjustments July 31, 2022 Severance and termination benefits $ — $ 12,097 $ (3,795 ) $ 30 $ 8,332 Total $ — $ 12,097 $ (3,795 ) $ 30 $ 8,332 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 Business Optimization Program Beginning in fiscal year 2020, we initiated a multi-year Business Optimization Program (the Business Optimization Program) to drive efficiency improvement and operating savings. The following tables summarize the pretax restructuring charges (credits) related to this program: Three Months Ended July 31, Total Charges 2022 2021 Incurred to Date Charges (Credits) by Segment: Research $ — $ 216 $ 3,882 Academic & Professional Learning (124 ) 171 13,126 Education Services 3 (34 ) 4,316 Corporate Expenses 821 (629 ) 44,211 Total Restructuring and Related Charges (Credits) $ 700 $ (276 ) $ 65,535 Charges (Credits) by Activity: Severance and termination benefits $ (114 ) $ (614 ) $ 35,005 Impairment of operating lease ROU assets and property and equipment — — 15,079 Acceleration of expense related to operating lease ROU assets and property and equipment — — 3,378 Facility related charges, net 814 338 10,333 Other activities — — 1,740 Total Restructuring and Related Charges (Credits) $ 700 $ (276 ) $ 65,535 The credits in severance and termination benefits activities for the months ended and , primarily reflects changes in the number of headcount reductions and estimates for previously accrued costs. Facilities related charges include sublease income related to those operating leases we had identified in the year ended April 30, 2021 a The following table summarizes the activity for the Business Optimization Program liability for the three months ended July 31, 2022: April 30, 2022 (Credits) Payments Foreign Translation & Other Adjustments July 31, 2022 Severance and termination benefits $ 2,079 $ (114 ) $ (100 ) $ (30 ) $ 1,835 Total $ 2,079 $ (114 ) $ (100 ) $ (30 ) $ 1,835 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

Segment Information

Segment Information	3 Months Ended
	Jul. 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 ● Academic & Professional Learning ● Education Segment information is as follows: Three Months Ended July 31, 2022 2021 Revenue: Research (1) $ 274,913 $ 274,756 Academic & Professional Learning 132,959 139,264 Education Services 79,697 74,368 Total revenue $ 487,569 $ 488,388 Adjusted Contribution to Profit: Research (1) $ 69,104 $ 79,024 Academic & Professional Learning 1,375 8,323 Education Services (2) (11,742 ) (1,861 ) Total adjusted contribution to profit 58,737 85,486 Adjusted corporate contribution to profit (48,667 ) (44,794 ) Total adjusted operating income $ 10,070 $ 40,692 Depreciation and Amortization: Research (1) $ 23,801 $ 23,762 Academic & Professional Learning 16,532 18,364 Education Services (2) 13,790 8,303 Total depreciation and amortization 54,123 50,429 Corporate depreciation and amortization 4,156 4,137 Total depreciation and amortization $ 58,279 $ 54,566 (1) The Research segment was previously referred to as Research Publishing & Platforms. (2) On January 1, 2020, Wiley acquired mthree, a talent placement provider that addresses the IT skills gap by finding, training, and placing job-ready technology talent in roles with leading corporations worldwide. Its results of operations are included in our Education Services segment. In late May 2022, Wiley renamed the mthree talent development solution to Wiley Edge and discontinued use of the mthree trademark during the three months ended July 31, 2022. As a result of these actions, we determined that a revision of the useful life was warranted and the intangible asset was fully amortized over its remaining useful life resulting in accelerated amorti zation expense of $ million in the three months ended July 31, 2022. This amortization expense was an adjustment to the Education Services Adjusted contribution to profit. In addition, it was included in Depreciation and amortization in the table above for segment reporting. The following table shows a reconciliation of our consolidated US GAAP Operating (Loss) Income to Non-GAAP Adjusted Operating Income: Three Months Ended July 31, 2022 2021 US GAAP Operating (Loss) Income $ (16,965 ) $ 40,968 Adjustments: Restructuring and related charges (credits) (1) 22,441 (276 ) Accelerated amortization of an intangible asset (2) 4,594 — Non-GAAP Adjusted Operating Income $ 10,070 $ 40,692 (1) See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment. (2) As described above, this accelerated amortization relates to the mthree trademark. See Note 4, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the three months ended July 31, 2022 and 2021.

Inventories

Inventories	3 Months Ended
	Jul. 31, 2022
Inventories [Abstract]
Inventories	Note 11 Inventories Inventories, net consisted of the following: July 31, 2022 April 30, 2022 Finished goods $ 29,110 $ 31,270 Work-in-process 1,096 1,729 Paper and other materials 270 275 Total inventories before estimated sales returns and LIFO reserve $ 30,476 $ 33,274 Inventory value of estimated sales returns 7,455 7,820 LIFO reserve (4,509 ) (4,509 ) Inventories, net $ 33,422 $ 36,585

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Jul. 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 July 31, 2022: April 30, 2022 Foreign Translation Adjustment July 31, 2022 Research (1) $ 610,416 $ (9,530 ) $ 600,886 Academic & Professional Learning 498,136 (3,108 ) 495,028 Education Services (2) 193,590 (262 ) 193,328 Total $ 1,302,142 $ (12,900 ) $ 1,289,242 (1) The Research segment was previously referred to as Research Publishing & Platforms. (2) The Education Services goodwill balance as of April 30, 2022 includes a cumulative pretax noncash goodwill impairment of $110.0 million. Intangible Assets Intangible assets, net were as follows: July 31, 2022 April 30, 2022 (1) Intangible assets with definite lives, net: Content and publishing rights $ 483,180 $ 499,937 Customer relationships 234,684 242,058 Developed technology 51,380 54,721 Brands and trademarks (2) 10,390 16,021 Covenants not to compete 370 393 Total intangible assets with definite lives, net 780,004 813,130 Intangible assets with indefinite lives: Brands and trademarks 37,000 37,000 Publishing rights 78,804 81,299 Total intangible assets with indefinite lives 115,804 118,299 Total intangible assets, net $ 895,808 $ 931,429 (1) The developed technology balance as of April 30, 2022 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2022 is net of accumulated impairments of $93.1 million. (2) On January 1, 2020, Wiley acquired mthree, a talent placement provider that addresses the IT skills gap by finding, training, and placing job-ready technology talent in roles with leading corporations worldwide. Its results of operations are included in our Education Services segment. In late May 2022, Wiley renamed the mthree talent development solution to Wiley Edge and discontinued use of the mthree trademark during the three months ended July 31, 2022. As a result of these actions, we determined that a revision of the useful life was warranted and the intangible asset was fully amortized over its remaining useful life resulting in accelerated amorti zation expense of $ million in the three months ended July 31, 2022.

Income Taxes

Income Taxes	3 Months Ended
	Jul. 31, 2022
Income Taxes [Abstract]
Income Taxes	Note 13 Income Taxes Our effective tax rate fluctuates based on, among other factors, where income is earned and the level of income relative to tax attributes. The effective tax rate for the three months ended July 31, 2022 was 23.7% compared to 68.6% for the three months ended July 31, 2021. The rate for the three months ended July 31, 2022 was greater than the US statutory rate primarily due to the mix of foreign earnings, the impact of US state taxes, the tax impact of the restructuring programs described in Note 9, “Restructuring and Related Charges (Credits),” and a discrete item relating to restricted stock compensation. The rate for the three months ended July 31, 2022 was lower than the rate for the three months ended July 31, 2021 primarily due to an increase in the UK statutory rate announced during the first three months of fiscal 2022 and reflected in the effective tax rate for the three months ended July 31, 2021. On June 10, 2021, the UK enacted legislation that increased its statutory rate from 19% to 25% effective April 1, 2023, resulting in a $20.7 million non-cash deferred tax expense. Each year we file many tax returns given the number of national, state, and local tax jurisdictions in which we operate. These tax returns are subject to examination and possible challenge by the tax authorities, and positions challenged by the tax authorities may be settled or appealed by us. As a result, there is an uncertainty in income taxes recognized in our financial statements in accordance with accounting for income taxes and accounting for uncertainty in income taxes. The ultimate resolution of such uncertainties, however, is not expected to have a material impact on the results of our operations. On August 16, 2022, the Inflation Reduction Act of 2022 (IRA) was signed into law, enacting a book-minimum tax for certain US corporations, an excise tax on repurchases of stock by certain publicly traded corporations, and certain clean energy tax provisions. Based on our currently anticipated operations, we believe that these new provisions would not result in material additional tax liabilities, and do not anticipate that the IRA will have a material adverse impact on our operations. Nonetheless, we will continue to review as regulations and interpretations are adopted by the Internal Revenue Service to implement the IRA.

Retirement Plans

Retirement Plans	3 Months Ended
	Jul. 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 July 31, 2022 2021 Service cost $ 200 $ 307 Interest cost 6,189 5,223 Expected return on plan assets (8,384 ) (10,259 ) Amortization of prior service cost (23 ) (22 ) Amortization of net actuarial loss 1,524 1,897 Net pension income $ (494 ) $ (2,854 ) The service cost component of net pension income is reflected in Operating and administrative expenses on our Unaudited Condensed Consolidated Statements of Net (Loss) Income. The other components of net pension income are reported separately from the service cost component and below Operating (loss) income. Such amounts are reflected in Other income, net on our Unaudited Condensed Consolidated Statements of Net (Loss) Income. Employer defined benefit pension plan contributions were $3.9 million and $4.5 million for the three months ended July 31, 2022 and 2021, respectively. Defined Contribution Savings Plans The expense for employer defined contribution savings plans was $8.8 million and $9.1 million for the three months ended July 31, 2022 and 2021, respectively.

Debt and Available Credit Facil

Debt and Available Credit Facilities	3 Months Ended
	Jul. 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: July 31, 2022 April 30, 2022 Short-term portion of long-term debt (1) $ 21,875 $ 18,750 Term loan A - Amended and Restated RCA (2) 198,135 204,343 Revolving credit facility - Amended and Restated RCA 719,101 563,934 Total long-term debt, less current portion 917,236 768,277 Total debt $ 939,111 $ 787,027 (1) Relates to our term loan A under the Amended and Restated RCA. (2) Amounts are shown net of unamortized issuance costs of $0.3 million as of July 31, 2022 and $0.3 million as of April 30, 2022. 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 RCAfor 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 for both the three months ended and 2021, respectively and is included in Interest expense . As of July 31, 2022, we had approximately $531.9 million of unused borrowing capacity under our Amended and Restated RCA and other facilities. The weighted average interest rates on total debt outstanding during the three months ended July 31, 2022 and 2021 were and , respectively. As of July 31, 2022 and April 30, 2022, the weighted average interest rates for total debt were and , respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Jul. 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 July 31, 2022, we had total debt outstanding of $939.1 million, net of unamortized issuance costs of $0.3 million of which $939.4 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 $500.0 million as of July 31, 2022 and April 30, 2022, respectively. These agreements were accounted for as cash flow hedges which fixed a portion of the variable interest due on our Amended and Restated RCA On June 24, 2019, we entered into a forward starting interest rate swap agreement which fixed a portion of the variable interest due on our Amended and Restated RCA. Under the terms of the agreement, which expired on July 15, 2022, we paid a fixed rate of 1.650% and received a variable rate of interest based on one-month LIBOR from the counterparty which was reset every month for a three-year period ending July 15, 2022. Prior to expiration, the notional amount of the interest rate swap was $100.0 million. On we entered into a forward starting interest rate swap agreement, which fixed a portion of the variable interest due on our Amended and Restated RCA. Under the terms of the agreement, we pay a fixed rate of and receive a variable rate of interest based on LIBOR from the counterparty which is reset every month for a period ending . As of July 31, 2022, the notional amount of the interest rate swap was $ million. We record the fair value of our interest rate swaps on a recurring basis using Level 2 inputs of quoted prices for similar assets or liabilities in active markets. The fair value of the interest rate swaps as of July 31, 2022 was a deferred loss of $0.9 million and a deferred gain of $6.3 million. Based on the maturity dates of the contracts, the entire deferred loss as of July 31, 2022 was recorded within Other long-term liabilities, $1.3 million of the deferred gain was recorded within Prepaid expenses and other current assets, and $5.0 million was recorded within Other non-current assets. The fair value of the interest rate swaps as of April 30, 2022 was a deferred loss of $0.2 million and a deferred gain of $5.8 million. Based on the maturity dates of the contracts, the entire deferred loss as of April 30, 2022 was recorded within Other accrued liabilities, $0.9 million of the deferred gain was recorded within Prepaid expenses and other current assets, and $4.9 million was recorded within Other non-current assets The pretax (losses) that were reclassified from Accumulated other comprehensive loss into Interest expense for the three months ended July 31, 2022 and 2021 were $(0.4) million and $(1.1) million, respectively. Foreign Currency Contracts We may enter into forward exchange contracts to manage our exposure on certain foreign currency denominated assets and liabilities. The forward exchange contracts are marked to market through Foreign exchange transaction (losses) gains on our Unaudited Condensed Consolidated Statements of Net (Loss) 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) gains on our Unaudited Condensed Consolidated Statements of Net (Loss) Income. As of July 31, 2022, and April 30, 2022, we did not maintain any open forward exchange contracts. In addition, we did not maintain any open forward contracts during the three months ended July 31, 2022 and 2021.

Capital Stock and Changes in Ca

Capital Stock and Changes in Capital Accounts	3 Months Ended
	Jul. 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 July 31, 2022 2021 Shares repurchased - Class A 212 129 Shares repurchased - Class B — 1 Average price - Class A and Class B $ 47.12 $ 56.88 Dividends The following table summarizes the cash dividends paid during the three months ended July 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, 2022 $0.3475 per common share $19.4 million Class A and Class B July 20, 2022 July 6, 2022 Changes in Common Stock The following is a summary of changes during the three months ended July 31, in shares of our common stock and common stock in treasury (shares in thousands): Changes in Common Stock A: 2022 2021 Number of shares, beginning of year 70,226 70,208 Common stock class conversions — 3 Number of shares issued, end of period 70,226 70,211 Changes in Common Stock A in treasury: Number of shares held, beginning of year 23,515 23,419 Purchases of treasury shares 212 129 Restricted shares issued under stock-based compensation plans - non-PSU Awards (119 ) (118 ) Restricted shares issued under stock-based compensation plans - PSU Awards (149 ) (103 ) Restricted shares issued from exercise of stock options — (22 ) Shares withheld for taxes 98 85 Number of shares held, end of period 23,557 23,390 Number of Common Stock A outstanding, end of period 46,669 46,821 Changes in Common Stock B: 2022 2021 Number of shares, beginning of year 12,956 12,974 Common stock class conversions — (3 ) Number of shares issued, end of period 12,956 12,971 Changes in Common Stock B in treasury: Number of shares held, beginning of year 3,924 3,922 Purchases of treasury shares — 1 Number of shares held, end of period 3,924 3,923 Number of Common Stock B outstanding, end of period 9,032 9,048

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jul. 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 July 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)	3 Months Ended
	Jul. 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, 2022 as filed with the SEC on June 24, 2022 (2022 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.

Recent Accounting Standards (Po

Recent Accounting Standards (Policies)	3 Months Ended
	Jul. 31, 2022
Recent Accounting Standards [Abstract]
Recently Adopted and Issued Accounting Standards	Recently Adopted Accounting Standards Convertible Debt Instruments, Derivatives and EPS In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40)”. This ASU reduces the number of accounting models for convertible debt instruments and convertible preferred stock, as well as amend the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. In addition, this ASU improves and amends the related earnings-per-share (EPS) guidance. We adopted ASU 2020-06 on May 1, 2022. The adoption did not have an impact on our consolidated financial statements at the time of adoption. 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.

Revenue Recognition, Contract_2

Revenue Recognition, Contracts with Customers (Policies)	3 Months Ended
	Jul. 31, 2022
Revenue Recognition, Contracts with Customers [Abstract]
Revenue from Contract with Customer	Research Research 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 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 products is recognized over time. Total Research revenue was $274.9 million in the three months ended July 31, 2022. We disaggregated revenue by Research Publishing and Research Solutions 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 $239.5 million in the three months ended July 31, 2022 and the majority is recognized over time. Research Publishing products generate approximately 87% of its revenue from contracts with its customers from Journal Subscriptions (pay to read), Open Access (pay to publish) and Transformational Agreements (read and publish) and the remainder from Licensing, Reprints, Backfiles, and Other. Research Solutions Products and Services Research Solutions services include Atypon Systems, Inc (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 J&J Editorial Services, LLC. (J&J) and the eJournalPress (EJP) business. J&J is a publishing services company providing expert offerings in editorial operations, production, copyediting, system support and consulting. EJP is a technology platform company with an established journal submission and peer-review management system. Academic & Professional Learning Academic & Professional Learning provides Education Publishing and Professional Learning products and services including scientific, professional, and education print and digital books, digital courseware, and test preparation services to libraries, corporations, students, professionals, and researchers, as well as learning, development, and assessment services for businesses and professionals. Communities served include business, finance, accounting, workplace learning, management, leadership, technology, behavioral health, engineering/architecture, science and medicine, and education. Products are developed for worldwide distribution through multiple channels, including chain and online booksellers, libraries, colleges and universities, corporations, direct to consumer, web sites, distributor networks and other online applications. Publishing centers include Australia, Germany, India, the UK, and the US. Total Academic & Professional Learning revenue was $ million in the . We disaggregated revenue by type of products provided. Academic & Professional Learning products are Education Publishing and Professional Learning. Academic & Professional Learning revenues are mainly recognized at a point in time . Education Publishing Products Education Publishing products revenue was $63.1 million in the three months ended July 31, 2022. Education Publishing products generate approximately 74% of its revenue from contracts with its customers from Education (print and digital) Publishing, which is recognized at a point in time, and 7% from Digital Courseware which is recognized over time. The remainder of its revenues were from Test Preparation and Certification, and Licensing and Other, which has a mix of revenue recognized at a point in time and over time. Professional Learning Products Professional Learning products revenue was $69.9 million in the three months ended July 31, 2022. Professional Learning (print and digital) products generate approximately 59% 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 41% of Professional Learning products revenue is from contracts with its customers from Corporate Training and Corporate Learning, which is recognized mainly over time. Education Services Education Services revenue was $79.7 million in the three months ended July 31, 2022 and the majority is recognized over time. We disaggregated revenue by type of services provided, which are University Services and Talent Development Services. University Services University Services revenue was $47.8 million in the three months ended July 31, 2022 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 technology 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 in the and is recognized at the point in time the services are provided to its customers. Talent Development Services Accounts Receivable, net and Contract Liability Balances When consideration is received, or such consideration is unconditionally due, from a customer prior to transferring goods or services to the customer under the terms of a contract, a contract liability is recorded. Contract liabilities are recognized as revenue when, or as, control of the products or services are transferred to the customer and all revenue recognition criteria have been met.

Revenue Recognition, Contract_3

Revenue Recognition, Contracts with Customers (Tables)	3 Months Ended
	Jul. 31, 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 July 31, 2022 2021 Research (1) : Research Publishing (2) $ 239,523 $ 243,284 Research Solutions (2) 35,390 31,472 Total Research 274,913 274,756 Academic & Professional Learning: Education Publishing 63,056 66,380 Professional Learning 69,903 72,884 Total Academic & Professional Learning 132,959 139,264 Education Services: University Services (3) 47,811 54,968 Talent Development Services (3) 31,886 19,400 Total Education Services 79,697 74,368 Total Revenue $ 487,569 $ 488,388 (1) The Research segment was previously referred to as Research Publishing & Platforms. (2) As previously announced, in May 2022 our revenue by product type previously referred to as Research Platforms was changed to Research Solutions. Research Solutions includes infrastructure and publishing services that help societies and corporations thrive in a complex knowledge ecosystem. In addition to Platforms (Atypon), certain product offerings such as corporate sales which included the recent acquisitions of Madgex Holdings Limited (Madgex), and Bio-Rad Laboratories Inc.’s Informatics products (Informatics) that were previously included in Research Publishing moved to Research Solutions to align with our strategic focus. Research Solutions also includes product offerings related to certain recent acquisitions such as J&J, and EJP. Prior period results have been revised to the new presentation. There were no changes to the total Research segment or our consolidated financial results. (3) In May 2022, we moved the WileyNXT product offering from Talent Development Services to University Services and the prior period results have been included in University Services. The revenue reclassified was $ million for the months ended . There were changes to the total Education Services segment or our total consolidated financial results.
Accounts Receivable, Net and Contract Liabilities from Contracts with Customers	The following table provides information about accounts receivable, net and contract liabilities from contracts with customers. July 31, 2022 April 30, 2022 Increase/ (Decrease) Balances from contracts with customers: Accounts receivable, net $ 281,443 $ 331,960 $ (50,517 ) Contract liabilities (1) 407,098 538,126 (131,028 ) Contract liabilities (included in Other long-term liabilities) $ 20,171 $ 19,072 $ 1,099 (1) The sales return reserve recorded in Contract liabilities is $29.6 million and $31.1 million, as of July 31, 2022 and April 30, 2022, respectively.

Operating Leases (Tables)

Operating Leases (Tables)	3 Months Ended
	Jul. 31, 2022
Operating Leases [Abstract]
ROU Assets and Lease Liabilities	For operating leases, the ROU assets and lease liabilities are presented on our Condensed Consolidated Statement of Financial Position as follows: July 31, 2022 April 30, 2022 Operating lease ROU assets $ 103,196 $ 111,719 Short-term portion of operating lease liabilities 19,788 20,576 Operating lease liabilities, non-current $ 127,055 $ 132,541
Total Net Lease Costs	Our total net lease costs are as follows: Three Months Ended July 31, 2022 2021 Operating lease cost $ 5,182 $ 5,917 Variable lease cost 278 344 Short-term lease cost 115 20 Sublease income (198 ) (201 ) Total net lease cost (1) $ 5,377 $ 6,080 (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 (Loss) Income. This includes operating leases we identified a See Note 9 , “Restructuring and Related Charges (Credits)” for more information on these programs.
Other Supplemental Information for Operating Leases	Other supplemental information includes the following: Three Months Ended July 31, 2022 2021 Weighted-average remaining contractual lease term (years) 8 9 Weighted-average discount rate 5.87 % 5.83 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,341 $ 7,974
Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities	The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded on our Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2022: Fiscal Year Operating Lease Liabilities 2023 (remaining 9 months) $ 20,619 2024 25,940 2025 24,556 2026 22,226 2027 17,871 Thereafter 77,513 Total future undiscounted minimum lease payments 188,725 Less: Imputed interest 41,882 Present value of minimum lease payments 146,843 Less: Current portion 19,788 Noncurrent portion $ 127,055

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Jul. 31, 2022
Stock-Based Compensation [Abstract]
Awards Granted to Employees	The following table summarizes awards we granted to employees (shares in thousands): Three Months Ended July 31, 2022 2021 Restricted Stock Awards granted (shares) 494 433 Weighted average fair value of grant $ 45.99 $ 57.36
Significant Assumptions Used in Fair Value Determination	The following table provides the estimated weighted average fair value for options granted during the months ended and using the Black-Scholes option-pricing model Three Months Ended July 31, 2022 2021 Weighted average fair value of options on grant date $ 9.42 $ 11.80 Weighted Average Assumptions Expected life of options (years) 5.9 6.3 Risk-free interest rate 0.5 % 1.1 % Expected volatility 31.2 % 30.6 % Expected dividend yield 3.0 % 2.4 % Fair value of common stock on grant date $ 45.99 $ 57.34 Exercise price of stock option grant $ 45.99 $ 63.07

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Jul. 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 months ended July 31, 2022 and 2021 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at April 30, 2022 $ (329,566 ) $ (182,226 ) $ 3,646 $ (508,146 ) Other comprehensive (loss) income before reclassifications (19,780 ) 3,979 (737 ) (16,538 ) Amounts reclassified from Accumulated other comprehensive loss — 1,102 293 1,395 Total other comprehensive (loss) income (19,780 ) 5,081 (444 ) (15,143 ) Balance at July 31, 2022 $ (349,346 ) $ (177,145 ) $ 3,202 $ (523,289 ) Balance at April 30, 2021 $ (257,941 ) $ (228,146 ) $ (4,703 ) $ (490,790 ) Other comprehensive (loss) income before reclassifications (5,937 ) 142 (293 ) (6,088 ) Amounts reclassified from Accumulated other comprehensive loss — 1,447 831 2,278 Total other comprehensive (loss) income (5,937 ) 1,589 538 (3,810 ) Balance at July 31, 2021 $ (263,878 ) $ (226,557 ) $ (4,165 ) $ (494,600 )

Reconciliation of Weighted Av_2

Reconciliation of Weighted Average Shares Outstanding (Tables)	3 Months Ended
	Jul. 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 (loss) earnings per share follows (shares in thousands): Three Months Ended July 31, 2022 2021 Weighted average shares outstanding 55,736 55,869 Shares used for basic (loss) earnings per share 55,736 55,869 Dilutive effect of unvested restricted stock units and other stock awards — 730 Shares used for diluted (loss) earnings per share 55,736 56,599 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 1,211 930

Restructuring and Related Cha_2

Restructuring and Related Charges (Credits) (Tables)	3 Months Ended
	Jul. 31, 2022
Fiscal Year 2023 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Pretax Restructuring Charges (Credits)	The following tables summarize the pretax restructuring charges related to this program: Three Months Ended July 31, 2022 Charges by Segment: Research $ 81 Academic & Professional Learning 5,914 Education Services 830 Corporate Expenses 14,916 Total Restructuring and Related Charges $ 21,741 Charges by Activity: Severance and termination benefits $ 12,097 Impairment of operating lease ROU assets and property and equipment 6,106 Acceleration of expense related to operating lease ROU assets and property and equipment 1,840 Facility related charges, net 1,698 Total Restructuring and Related Charges $ 21,741
Activity for Restructuring Liability	The following table summarizes the activity for the Fiscal Year 2023 Restructuring Program liability for the three months ended July 31, 2022: April 30, 2022 Charges Payments Foreign Translation & Other Adjustments July 31, 2022 Severance and termination benefits $ — $ 12,097 $ (3,795 ) $ 30 $ 8,332 Total $ — $ 12,097 $ (3,795 ) $ 30 $ 8,332
Business Optimization Program [Member]
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 July 31, Total Charges 2022 2021 Incurred to Date Charges (Credits) by Segment: Research $ — $ 216 $ 3,882 Academic & Professional Learning (124 ) 171 13,126 Education Services 3 (34 ) 4,316 Corporate Expenses 821 (629 ) 44,211 Total Restructuring and Related Charges (Credits) $ 700 $ (276 ) $ 65,535 Charges (Credits) by Activity: Severance and termination benefits $ (114 ) $ (614 ) $ 35,005 Impairment of operating lease ROU assets and property and equipment — — 15,079 Acceleration of expense related to operating lease ROU assets and property and equipment — — 3,378 Facility related charges, net 814 338 10,333 Other activities — — 1,740 Total Restructuring and Related Charges (Credits) $ 700 $ (276 ) $ 65,535
Activity for Restructuring Liability	The following table summarizes the activity for the Business Optimization Program liability for the three months ended July 31, 2022: April 30, 2022 (Credits) Payments Foreign Translation & Other Adjustments July 31, 2022 Severance and termination benefits $ 2,079 $ (114 ) $ (100 ) $ (30 ) $ 1,835 Total $ 2,079 $ (114 ) $ (100 ) $ (30 ) $ 1,835

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jul. 31, 2022
Segment Information [Abstract]
Segment Information	Segment information is as follows: Three Months Ended July 31, 2022 2021 Revenue: Research (1) $ 274,913 $ 274,756 Academic & Professional Learning 132,959 139,264 Education Services 79,697 74,368 Total revenue $ 487,569 $ 488,388 Adjusted Contribution to Profit: Research (1) $ 69,104 $ 79,024 Academic & Professional Learning 1,375 8,323 Education Services (2) (11,742 ) (1,861 ) Total adjusted contribution to profit 58,737 85,486 Adjusted corporate contribution to profit (48,667 ) (44,794 ) Total adjusted operating income $ 10,070 $ 40,692 Depreciation and Amortization: Research (1) $ 23,801 $ 23,762 Academic & Professional Learning 16,532 18,364 Education Services (2) 13,790 8,303 Total depreciation and amortization 54,123 50,429 Corporate depreciation and amortization 4,156 4,137 Total depreciation and amortization $ 58,279 $ 54,566 (1) The Research segment was previously referred to as Research Publishing & Platforms. (2) On January 1, 2020, Wiley acquired mthree, a talent placement provider that addresses the IT skills gap by finding, training, and placing job-ready technology talent in roles with leading corporations worldwide. Its results of operations are included in our Education Services segment. In late May 2022, Wiley renamed the mthree talent development solution to Wiley Edge and discontinued use of the mthree trademark during the three months ended July 31, 2022. As a result of these actions, we determined that a revision of the useful life was warranted and the intangible asset was fully amortized over its remaining useful life resulting in accelerated amorti zation expense of $ million in the three months ended July 31, 2022. This amortization expense was an adjustment to the Education Services Adjusted contribution to profit. In addition, it was included in Depreciation and amortization in the table above for segment reporting.
Reconciliation of Consolidated US GAAP Operating (Loss) Income to Non-GAAP Adjusted Operating Income	The following table shows a reconciliation of our consolidated US GAAP Operating (Loss) Income to Non-GAAP Adjusted Operating Income: Three Months Ended July 31, 2022 2021 US GAAP Operating (Loss) Income $ (16,965 ) $ 40,968 Adjustments: Restructuring and related charges (credits) (1) 22,441 (276 ) Accelerated amortization of an intangible asset (2) 4,594 — Non-GAAP Adjusted Operating Income $ 10,070 $ 40,692 (1) See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment. (2) As described above, this accelerated amortization relates to the mthree trademark.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jul. 31, 2022
Inventories [Abstract]
Inventories	Inventories, net consisted of the following: July 31, 2022 April 30, 2022 Finished goods $ 29,110 $ 31,270 Work-in-process 1,096 1,729 Paper and other materials 270 275 Total inventories before estimated sales returns and LIFO reserve $ 30,476 $ 33,274 Inventory value of estimated sales returns 7,455 7,820 LIFO reserve (4,509 ) (4,509 ) Inventories, net $ 33,422 $ 36,585

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jul. 31, 2022
Goodwill and Intangible Assets [Abstract]
Activity in Goodwill by Segment	The following table summarizes the activity in goodwill by segment as of July 31, 2022: April 30, 2022 Foreign Translation Adjustment July 31, 2022 Research (1) $ 610,416 $ (9,530 ) $ 600,886 Academic & Professional Learning 498,136 (3,108 ) 495,028 Education Services (2) 193,590 (262 ) 193,328 Total $ 1,302,142 $ (12,900 ) $ 1,289,242 (1) The Research segment was previously referred to as Research Publishing & Platforms. (2) The Education Services goodwill balance as of April 30, 2022 includes a cumulative pretax noncash goodwill impairment of $110.0 million.
Intangible Assets, Net	Intangible assets, net were as follows: July 31, 2022 April 30, 2022 (1) Intangible assets with definite lives, net: Content and publishing rights $ 483,180 $ 499,937 Customer relationships 234,684 242,058 Developed technology 51,380 54,721 Brands and trademarks (2) 10,390 16,021 Covenants not to compete 370 393 Total intangible assets with definite lives, net 780,004 813,130 Intangible assets with indefinite lives: Brands and trademarks 37,000 37,000 Publishing rights 78,804 81,299 Total intangible assets with indefinite lives 115,804 118,299 Total intangible assets, net $ 895,808 $ 931,429 (1) The developed technology balance as of April 30, 2022 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2022 is net of accumulated impairments of $93.1 million. (2) On January 1, 2020, Wiley acquired mthree, a talent placement provider that addresses the IT skills gap by finding, training, and placing job-ready technology talent in roles with leading corporations worldwide. Its results of operations are included in our Education Services segment. In late May 2022, Wiley renamed the mthree talent development solution to Wiley Edge and discontinued use of the mthree trademark during the three months ended July 31, 2022. As a result of these actions, we determined that a revision of the useful life was warranted and the intangible asset was fully amortized over its remaining useful life resulting in accelerated amorti zation expense of $ million in the three months ended July 31, 2022.

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Jul. 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 July 31, 2022 2021 Service cost $ 200 $ 307 Interest cost 6,189 5,223 Expected return on plan assets (8,384 ) (10,259 ) Amortization of prior service cost (23 ) (22 ) Amortization of net actuarial loss 1,524 1,897 Net pension income $ (494 ) $ (2,854 )

Debt and Available Credit Fac_2

Debt and Available Credit Facilities (Tables)	3 Months Ended
	Jul. 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: July 31, 2022 April 30, 2022 Short-term portion of long-term debt (1) $ 21,875 $ 18,750 Term loan A - Amended and Restated RCA (2) 198,135 204,343 Revolving credit facility - Amended and Restated RCA 719,101 563,934 Total long-term debt, less current portion 917,236 768,277 Total debt $ 939,111 $ 787,027 (1) Relates to our term loan A under the Amended and Restated RCA. (2) Amounts are shown net of unamortized issuance costs of $0.3 million as of July 31, 2022 and $0.3 million as of April 30, 2022.

Capital Stock and Changes in _2

Capital Stock and Changes in Capital Accounts (Tables)	3 Months Ended
	Jul. 31, 2022
Capital Stock and Changes in Capital Accounts [Abstract]
Summary of Share Repurchases	The following table summarizes the share repurchases of Class A and Class B Common Stock (shares in thousands): Three Months Ended July 31, 2022 2021 Shares repurchased - Class A 212 129 Shares repurchased - Class B — 1 Average price - Class A and Class B $ 47.12 $ 56.88
Cash Dividends Paid	The following table summarizes the cash dividends paid during the three months ended July 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, 2022 $0.3475 per common share $19.4 million Class A and Class B July 20, 2022 July 6, 2022
Summary of Changes of Common Stock and Common Stock in Treasury	The following is a summary of changes during the three months ended July 31, in shares of our common stock and common stock in treasury (shares in thousands): Changes in Common Stock A: 2022 2021 Number of shares, beginning of year 70,226 70,208 Common stock class conversions — 3 Number of shares issued, end of period 70,226 70,211 Changes in Common Stock A in treasury: Number of shares held, beginning of year 23,515 23,419 Purchases of treasury shares 212 129 Restricted shares issued under stock-based compensation plans - non-PSU Awards (119 ) (118 ) Restricted shares issued under stock-based compensation plans - PSU Awards (149 ) (103 ) Restricted shares issued from exercise of stock options — (22 ) Shares withheld for taxes 98 85 Number of shares held, end of period 23,557 23,390 Number of Common Stock A outstanding, end of period 46,669 46,821 Changes in Common Stock B: 2022 2021 Number of shares, beginning of year 12,956 12,974 Common stock class conversions — (3 ) Number of shares issued, end of period 12,956 12,971 Changes in Common Stock B in treasury: Number of shares held, beginning of year 3,924 3,922 Purchases of treasury shares — 1 Number of shares held, end of period 3,924 3,923 Number of Common Stock B outstanding, end of period 9,032 9,048

Acquisitions (Details)

Acquisitions (Details) shares in Thousands, $ in Thousands			3 Months Ended		12 Months Ended
		Dec. 29, 2021 USD ($) shares	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Apr. 30, 2022 USD ($) Business
Acquisitions [Abstract]
Revenue			$ 487,569	$ 488,388
Operating loss			(16,965)	40,968
Goodwill			1,289,242		$ 1,302,142	[1]
Fair value of cash consideration transferred, including those amounts paid after acquisition, net of cash acquired			96	$ 3,032
Research [Member]
Acquisitions [Abstract]
Goodwill	[1]		600,886		610,416
Education Services [Member]
Acquisitions [Abstract]
Goodwill	[2]		193,328		193,590
XYZ Media [Member]
Acquisitions [Abstract]
Fair value of consideration transferred		$ 45,400
Total cash consideration transferred		$ 38,000
Intangible assets, net			22,700
XYZ Media [Member] | Class A Common Stock [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			2,500
Operating loss			(1,500)
Goodwill			22,200
Other Acquisitions [Member]
Acquisitions [Abstract]
Fair value of consideration transferred					41,200
Total cash consideration transferred					36,200
Intangible assets, net			15,600
Cash to be paid after acquisition date					5,000
Cash acquired					1,200
Fair value of cash consideration transferred, including those amounts paid after acquisition, net of cash acquired					$ 34,900
Other Acquisitions [Member] | Research [Member]
Acquisitions [Abstract]
Revenue			4,600
Operating loss			(2,300)
Goodwill			24,800
Number of immaterial businesses acquired | Business					2
Other Acquisitions [Member] | Education Services [Member]
Acquisitions [Abstract]
Goodwill			$ 0
Number of immaterial businesses acquired | Business					1
[1]The Research segment was previously referred to as Research Publishing & Platforms.[2]The Education Services goodwill balance as of April 30, 2022 includes a cumulative pretax noncash goodwill impairment of $110.0 million.

Revenue Recognition, Contract_4

Revenue Recognition, Contracts with Customers, Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2022	Jul. 31, 2021
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		$ 487,569	$ 488,388
University Services [Member] | Wiley NXT [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue reclassified			600
Research [Member] | Research Publishing [Member] | Journal Subscriptions, Open Access and Transformational 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		87%
Research [Member] | Research Solutions [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue reclassified			20,000
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		74%
Academic & Professional Learning [Member] | Education Publishing [Member] | Digital Courseware [Member] | Transferred over Time [Member] | Product Concentration Risk [Member] | Revenue from Contract with Customers [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue percentage		7%
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		59%
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		41%
Operating Segments [Member] | Research [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[1]	$ 274,913	274,756
Operating Segments [Member] | Research [Member] | Research Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[1],[2]	239,523	243,284
Operating Segments [Member] | Research [Member] | Research Solutions [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[1],[2]	35,390	31,472
Operating Segments [Member] | Academic & Professional Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[1]	132,959	139,264
Operating Segments [Member] | Academic & Professional Learning [Member] | Education Publishing [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		63,056	66,380
Operating Segments [Member] | Academic & Professional Learning [Member] | Professional Learning [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		69,903	72,884
Operating Segments [Member] | Education Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue		79,697	74,368
Operating Segments [Member] | Education Services [Member] | University Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[3]	47,811	54,968
Operating Segments [Member] | Education Services [Member] | Talent Development Services [Member]
Revenue from contracts with customers disaggregated by segment and product type [Abstract]
Revenue	[3]	$ 31,886	$ 19,400
[1]The Research segment was previously referred to as Research Publishing & Platforms.[2]As previously announced, in May 2022 our revenue by product type previously referred to as Research Platforms was changed to Research Solutions. Research Solutions includes infrastructure and publishing services that help societies and corporations thrive in a complex knowledge ecosystem. In addition to Platforms (Atypon), certain product offerings such as corporate sales which included the recent acquisitions of Madgex Holdings Limited (Madgex), and Bio-Rad Laboratories Inc.’s Informatics products (Informatics) that were previously included in Research Publishing moved to Research Solutions to align with our strategic focus. Research Solutions also includes product offerings related to certain recent acquisitions such as J&J, and EJP. Prior period results have been revised to the new presentation. There were no changes to the total Research segment or our consolidated financial results. we moved the WileyNXT product offering from Talent Development Services to University Services and the prior period results have been included in University Services. The revenue reclassified was $ million for the months ended . There were changes to the total Education Services segment or our total consolidated financial results.

Revenue Recognition, Contract_5

Revenue Recognition, Contracts with Customers, Accounts Receivable, Net and Contract Liabilities (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2022	Apr. 30, 2022
Balances from contracts with customers [Abstract]
Accounts receivable, net		$ 281,443	$ 331,960
Contract liabilities	[1]	407,098	538,126
Contract liabilities (included in Other long-term liabilities)		20,171	19,072
Increase/(decrease) [Abstract]
Accounts receivable, net		(50,517)
Contract liabilities	[1]	(131,028)
Contract liabilities (included in Other long-term liabilities)		1,099
Sales return reserve recorded in contract liability		$ 29,600	$ 31,100
Revenue recognized from beginning contract liability, percentage		43%
[1]The sales return reserve recorded in Contract liabilities is $29.6 million and $31.1 million, as of July 31, 2022 and April 30, 2022, respectively.

Revenue Recognition, Contract_6

Revenue Recognition, Contracts with Customers, Remaining Performance Obligations included in Contract Liability (Details) - USD ($) $ in Millions	Jul. 31, 2022	Apr. 30, 2022
Remaining Performance Obligations [Abstract]
Remaining performance obligations	$ 427.3
Sales return reserve recorded in contract liability	29.6	$ 31.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-08-01
Remaining Performance Obligations [Abstract]
Remaining performance obligations excluding sales return reserve	$ 377.5
Expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-08-01
Remaining Performance Obligations [Abstract]
Remaining performance obligations	$ 20.2
Expected timing of satisfaction, period

Revenue Recognition, Contract_7

Revenue Recognition, Contracts with Customers, Assets Recognized for the Costs to Fulfill a Contract (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Apr. 30, 2022
Assets Recognized for the Costs to Obtain or Fulfill a Contract [Abstract]
Costs capitalized	$ 10,700		$ 10,900
Amortization	1,200	$ 1,500
Cost of revenue [Abstract]
Operating and administrative expenses	282,751	260,589
Shipping and Handling [Member]
Cost of revenue [Abstract]
Operating and administrative expenses	$ 6,500	$ 6,800

Operating Leases (Details)

Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2022	Apr. 30, 2022
ROU Assets and Lease Liabilities [Abstract]
Operating lease ROU assets	$ 103,196	$ 111,719
Short-term portion of operating lease liabilities	19,788	20,576
Operating lease liabilities, non-current	127,055	$ 132,541
Initial pretax restructuring charge	20,000
Maximum [Member]
ROU Assets and Lease Liabilities [Abstract]
Increase (decrease) in ROU assets due to new leases as well as modifications and remeasurements to existing operating leases	100
Increase (decrease) in operating lease liabilities due to new leases as well as modifications and remeasurements to existing operating leases	$ 100

Operating Leases, Total Net Lea

Operating Leases, Total Net Lease Costs (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2022	Jul. 31, 2021
Net Lease Costs [Abstract]
Operating lease cost		$ 5,182	$ 5,917
Variable lease cost		278	344
Short-term lease cost		115	20
Sublease income		(198)	(201)
Total net lease cost	[1]	$ 5,377	$ 6,080
[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 (Loss) Income. This includes operating leases we identified a See Note 9 , “Restructuring and Related Charges (Credits)” for more information on these programs.

Operating Leases, Other Supplem

Operating Leases, Other Supplemental Information for Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Other Supplemental Information for Operating Leases [Abstract]
Weighted-average remaining contractual lease term (years)	8 years	9 years
Weighted-average discount rate	5.87%	5.83%
Cash paid for amounts included in the measurement of lease liabilities [Abstract]
Operating cash flows from operating leases	$ 7,341	$ 7,974

Operating Leases, Reconciliatio

Operating Leases, Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Apr. 30, 2022
Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities [Abstract]
2023 (remaining 9 months)	$ 20,619
2024	25,940
2025	24,556
2026	22,226
2027	17,871
Thereafter	77,513
Total future undiscounted minimum lease payments	188,725
Less: Imputed interest	41,882
Present value of minimum lease payments	146,843
Less: Current portion	19,788	$ 20,576
Noncurrent portion	$ 127,055	$ 132,541

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Stock-based Compensation [Abstract]
Share-based compensation expense	$ 7,123	$ 6,341
Performance-based Stock Awards [Member]
Stock-based Compensation [Abstract]
Period for achievement of performance-based targets	3 years
Performance-based Stock Awards [Member] | Maximum [Member]
Stock-based Compensation [Abstract]
Period for achievement of performance-based targets	3 years

Stock-Based Compensation, Perfo

Stock-Based Compensation, Performance-Based and Other Restricted Stock Activity (Details) - $ / shares shares in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Restricted Stock [Member]
Restricted Stock [Abstract]
Awards granted (in shares)	494	433
Weighted average fair value of grant (in dollars per share)	$ 45.99	$ 57.36
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] - $ / shares	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Stock Options [Abstract]
Awards granted (in shares)	10,000	220,000
Estimated weighted average fair value for options granted and significant weighted average assumptions used [Abstract]
Weighted average fair value of options on grant date (in dollars per share)	$ 9.42	$ 11.80
Weighted Average Assumptions [Abstract]
Expected life of options (years)	5 years 10 months 24 days	6 years 3 months 18 days
Risk-free interest rate	0.50%	1.10%
Expected volatility	31.20%	30.60%
Expected dividend yield	3%	2.40%
Fair value of common stock on grant date (in dollars per share)	$ 45.99	$ 57.34
Exercise price of stock option grant (in dollars per share)	$ 45.99	$ 63.07
Maximum [Member]
Stock Options [Abstract]
Exercisable period	10 years
Vesting on April 30, 2023 or Anniversary Date [Member]
Stock Options [Abstract]
Award vesting percentage	10%
Vesting on April 30, 2024 or Anniversary Date [Member]
Stock Options [Abstract]
Award vesting percentage	20%
Vesting on April 30, 2025 or Anniversary Date [Member]
Stock Options [Abstract]
Award vesting percentage	30%
Vesting on April 30, 2026 or Anniversary Date [Member]
Stock Options [Abstract]
Award vesting percentage	40%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 1,142,269	$ 1,091,291
Other comprehensive (loss) income before reclassifications	(16,538)	(6,088)
Amounts reclassified from accumulated other comprehensive loss	1,395	2,278
Total other comprehensive (loss) income	(15,143)	(3,810)
Balance	1,082,326	1,077,905
Accumulated Other Comprehensive Loss [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(508,146)	(490,790)
Balance	(523,289)	(494,600)
Foreign Currency Translation [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(329,566)	(257,941)
Other comprehensive (loss) income before reclassifications	(19,780)	(5,937)
Amounts reclassified from accumulated other comprehensive loss	0	0
Total other comprehensive (loss) income	(19,780)	(5,937)
Balance	(349,346)	(263,878)
Unamortized Retirement Costs [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(182,226)	(228,146)
Other comprehensive (loss) income before reclassifications	3,979	142
Amounts reclassified from accumulated other comprehensive loss	1,102	1,447
Total other comprehensive (loss) income	5,081	1,589
Balance	(177,145)	(226,557)
Interest Rate Swaps [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	3,646	(4,703)
Other comprehensive (loss) income before reclassifications	(737)	(293)
Amounts reclassified from accumulated other comprehensive loss	293	831
Total other comprehensive (loss) income	(444)	538
Balance	$ 3,202	$ (4,165)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss, Reclassification out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Amortization from Accumulated Other Comprehensive Loss [Abstract]
Pension expense	$ (494)	$ (2,854)
Reclassification out of Accumulated Other Comprehensive Loss [Member]
Amortization from Accumulated Other Comprehensive Loss [Abstract]
Pension expense	$ 1,500	$ 1,800

Reconciliation of Weighted Av_3

Reconciliation of Weighted Average Shares Outstanding (Details) - shares shares in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Reconciliation of Weighted Average Shares Outstanding [Abstract]
Weighted average shares outstanding (in shares)	55,736	55,869
Shares used for basic (loss) earnings per share (in shares)	55,736	55,869
Dilutive effect of unvested restricted stock units and other stock awards (in shares)	0	730
Shares used for diluted (loss) earnings per share (in shares)	55,736	56,599
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)	1,211	930

Restructuring and Related Cha_3

Restructuring and Related Charges (Credits), Pretax Restructuring Charges (Credits) (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2022	Jul. 31, 2021
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges	[1]	$ 22,441	$ (276)
Initial pretax restructuring charge		20,000
Fiscal Year 2023 Restructuring Program [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		$ 21,741
Percentage reduction in real estate square footage occupancy		17%
Initial pretax restructuring charge		$ 20,000
Fair value of operating lease ROU assets and property and equipment immediately subsequent to impairment		2,400
Fiscal Year 2023 Restructuring Program [Member] | Severance and Termination Benefits [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		12,097
Fiscal Year 2023 Restructuring Program [Member] | Impairment of Operating Lease ROU Assets and Property and Equipment [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		6,106
Fiscal Year 2023 Restructuring Program [Member] | Impairment of Operating Lease ROU Assets Related to Certain Leases [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		2,900
Fiscal Year 2023 Restructuring Program [Member] | Impairment of Operating Lease ROU Assets Related to Property and Equipment [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		3,200
Fiscal Year 2023 Restructuring Program [Member] | Acceleration of Expense Related to Operating Lease ROU Assets and Property and Equipment [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		1,840
Fiscal Year 2023 Restructuring Program [Member] | Acceleration of Expense of Operating Lease ROU Assets Related to Certain Leases [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		900
Fiscal Year 2023 Restructuring Program [Member] | Acceleration of Expense of Operating Lease ROU Assets Related to Property and Equipment [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		900
Fiscal Year 2023 Restructuring Program [Member] | Facility Related Charges, Net [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		1,698
Fiscal Year 2023 Restructuring Program [Member] | Research [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		81
Fiscal Year 2023 Restructuring Program [Member] | Academic & Professional Learning [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		5,914
Fiscal Year 2023 Restructuring Program [Member] | Education Services [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		830
Fiscal Year 2023 Restructuring Program [Member] | Corporate Expenses [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		14,916
Business Optimization Program [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		700	(276)
Restructuring and related charges incurred to date		65,535
Business Optimization Program [Member] | Severance and Termination Benefits [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		(114)	(614)
Restructuring and related charges incurred to date		35,005
Business Optimization Program [Member] | Impairment of Operating Lease ROU Assets and Property and Equipment [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		0	0
Restructuring and related charges incurred to date		15,079
Business Optimization Program [Member] | Acceleration of Expense Related to Operating Lease ROU Assets and Property and Equipment [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		0	0
Restructuring and related charges incurred to date		3,378
Business Optimization Program [Member] | Facility Related Charges, Net [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		814	338
Restructuring and related charges incurred to date		10,333
Business Optimization Program [Member] | Other Activities [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		0	0
Restructuring and related charges incurred to date		1,740
Business Optimization Program [Member] | Research [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		0	216
Restructuring and related charges incurred to date		3,882
Business Optimization Program [Member] | Academic & Professional Learning [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		(124)	171
Restructuring and related charges incurred to date		13,126
Business Optimization Program [Member] | Education Services [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		3	(34)
Restructuring and related charges incurred to date		4,316
Business Optimization Program [Member] | Corporate Expenses [Member]
Summary of pretax restructuring charges [Abstract]
Restructuring and related charges		821	$ (629)
Restructuring and related charges incurred to date		$ 44,211
[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 (Details) $ in Thousands	3 Months Ended
	Jul. 31, 2022 USD ($)
Fiscal Year 2023 Restructuring Program [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	$ 0
Charges/(Credits)	12,097
Payments	(3,795)
Foreign translation & other adjustments	30
Restructuring liability, end of period	8,332
Fiscal Year 2023 Restructuring Program [Member] | Severance and Termination Benefits [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	0
Charges/(Credits)	12,097
Payments	(3,795)
Foreign translation & other adjustments	30
Restructuring liability, end of period	8,332
Business Optimization Program [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	2,079
Charges/(Credits)	(114)
Payments	(100)
Foreign translation & other adjustments	(30)
Restructuring liability, end of period	1,835
Business Optimization Program [Member] | Severance and Termination Benefits [Member]
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	2,079
Charges/(Credits)	(114)
Payments	(100)
Foreign translation & other adjustments	(30)
Restructuring liability, end of period	$ 1,835

Segment Information (Details)

Segment Information (Details) $ in Thousands		3 Months Ended
		Jul. 31, 2022 USD ($) Segment	Jul. 31, 2021 USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment		3
Revenue		$ 487,569	$ 488,388
Adjusted operating income		10,070	40,692
Depreciation and amortization		58,279	54,566
Accelerated amortization expense	[1]	4,594	0
Operating Segments [Member]
Segment Information [Abstract]
Adjusted contribution to profit		58,737	85,486
Depreciation and amortization		54,123	50,429
Operating Segments [Member] | Research [Member]
Segment Information [Abstract]
Revenue	[2]	274,913	274,756
Adjusted contribution to profit	[2]	69,104	79,024
Depreciation and amortization	[2]	23,801	23,762
Operating Segments [Member] | Academic & Professional Learning [Member]
Segment Information [Abstract]
Revenue	[2]	132,959	139,264
Adjusted contribution to profit	[3]	1,375	8,323
Depreciation and amortization	[3]	16,532	18,364
Operating Segments [Member] | Education Services [Member]
Segment Information [Abstract]
Revenue		79,697	74,368
Adjusted contribution to profit	[3]	(11,742)	(1,861)
Depreciation and amortization		13,790	8,303
Corporate [Member]
Segment Information [Abstract]
Adjusted contribution to profit		(48,667)	(44,794)
Depreciation and amortization		$ 4,156	$ 4,137
[1] As described above, this accelerated amortization relates to the mthree trademark. zation expense of $ million in the three months ended July 31, 2022. This amortization expense was an adjustment to the Education Services Adjusted contribution to profit. In addition, it was included in Depreciation and amortization in the table above for segment reporting.

Segment Information, Reconcilia

Segment Information, Reconciliation of Consolidated US GAAP Operating (Loss) Income to Non-GAAP Adjusted Operating Income (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2022	Jul. 31, 2021
Reconciliation of Consolidated US GAAP Operating (Loss) Income to Non-GAAP Adjusted Operating Income [Abstract]
US GAAP Operating (Loss) Income		$ (16,965)	$ 40,968
Adjustments [Abstract]
Restructuring and related charges (credits)	[1]	22,441	(276)
Accelerated amortization expense of an intangible asset	[2]	4,594	0
Non-GAAP Adjusted Operating Income		$ 10,070	$ 40,692
[1]See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment.[2] As described above, this accelerated amortization relates to the mthree trademark.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Apr. 30, 2022
Inventories [Abstract]
Finished goods	$ 29,110	$ 31,270
Work-in-process	1,096	1,729
Paper and other materials	270	275
Total inventories before estimated sales returns and LIFO reserve	30,476	33,274
Inventory value of estimated sales returns	7,455	7,820
LIFO reserve	(4,509)	(4,509)
Inventories, net	$ 33,422	$ 36,585

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Goodwill (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2022	Apr. 30, 2022
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	[1]	$ 1,302,142
Foreign translation adjustment		(12,900)
Balance, end of period		1,289,242
Research [Member]
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	[1]	610,416
Foreign translation adjustment	[1]	(9,530)
Balance, end of period	[1]	600,886
Academic & Professional Learning [Member]
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	[1]	498,136
Foreign translation adjustment		(3,108)
Balance, end of period		495,028
Education Services [Member]
Activity in Goodwill by Segment [Roll Forward]
Balance, beginning of period	[2]	193,590
Foreign translation adjustment	[2]	(262)
Balance, end of period	[2]	$ 193,328
Cumulative pretax noncash goodwill impairment			$ 110,000
[1]The Research segment was previously referred to as Research Publishing & Platforms.[2]The Education Services goodwill balance as of April 30, 2022 includes a cumulative pretax noncash goodwill impairment of $110.0 million.

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Intangible Assets (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2022	Jul. 31, 2021	Apr. 30, 2022
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net		$ 780,004		$ 813,130	[1]
Intangible assets with indefinite lives [Abstract]
Intangible assets with indefinite lives		115,804		118,299	[1]
Intangible assets (excluding goodwill) [Abstract]
Total intangible assets, net		895,808		931,429	[1]
Accelerated amortization expense	[2]	4,594	$ 0
Brands and Trademarks [Member]
Intangible assets with indefinite lives [Abstract]
Intangible assets with indefinite lives		37,000		37,000	[1]
Accumulated impairment				93,100
Content and Publishing Rights [Member]
Intangible assets with indefinite lives [Abstract]
Intangible assets with indefinite lives		78,804		81,299	[1]
Content and Publishing Rights [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net		483,180		499,937	[1]
Customer Relationships [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net		234,684		242,058	[1]
Developed Technology [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net		51,380		54,721	[1]
Accumulated impairment				2,800
Brands and Trademarks [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	[3]	10,390		16,021	[1]
Covenants Not to Compete [Member]
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net		$ 370		$ 393	[1]
[1]The developed technology balance as of April 30, 2022 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2022 is net of accumulated impairments of $93.1 million.[2] As described above, this accelerated amortization relates to the mthree trademark. zation expense of $ million in the three months ended July 31, 2022.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Effective income tax rate [Abstract]
Effective tax rate as reported	23.70%	68.60%
U.K. [Member]
Effective income tax rate [Abstract]
Non-cash deferred tax expense from re-measurement of net deferred tax liabilities	$ 20.7
U.K. [Member] | Minimum [Member]
Effective income tax rate [Abstract]
Foreign statutory tax rate	19%
U.K. [Member] | Maximum [Member]
Effective income tax rate [Abstract]
Foreign statutory tax rate	25%

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Components of net pension income for defined benefit plans [Abstract]
Service cost	$ 200	$ 307
Interest cost	6,189	5,223
Expected return on plan assets	(8,384)	(10,259)
Amortization of prior service cost	(23)	(22)
Amortization of net actuarial loss	1,524	1,897
Net pension income	(494)	(2,854)
Employer defined benefit pension plan contributions	3,900	4,500
Defined Contribution Savings Plans [Abstract]
Expense for employer defined contribution savings plans	$ 8,800	$ 9,100

Debt and Available Credit Fac_3

Debt and Available Credit Facilities (Details) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2022	Jul. 31, 2021	Apr. 30, 2022	May 30, 2019
Components of Total Debt Outstanding [Abstract]
Short-term portion of long-term debt	[1]	$ 21,875		$ 18,750
Long-term debt, less current portion		917,236		768,277
Total debt		939,111		787,027
Unamortized issuance costs		$ 300		300
Amended and Restated RCA [Member]
Debt and Available Credit Facilities [Abstract]
Term of credit facility		5 years
Amortization expense of the lender and non-lender fees in interest expense		$ 300	$ 300
Term Loan A Facility [Member]
Debt and Available Credit Facilities [Abstract]
Term of credit facility		5 years
Term Loan A Facility [Member] | Amended and Restated RCA [Member]
Components of Total Debt Outstanding [Abstract]
Long-term debt, less current portion	[2]	$ 198,135		204,343
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		$ 719,101		$ 563,934
Debt and Available Credit Facilities [Abstract]
Amount of financing available under credit facilities					$ 1,250,000
Line of Credit [Member]
Debt and Available Credit Facilities [Abstract]
Weighted average interest rate on total debt outstanding during the period		2.83%	2.02%
Weighted average interest rate on total debt at period end		2.99%		2.55%
Syndicate Bank Group led by Bank of America [Member] | Revolving Credit Facility [Member] | Amended and Restated RCA [Member]
Debt and Available Credit Facilities [Abstract]
Optional credit limit increase available on request		$ 500,000
Minimum increments in which optional credit limit increase may be requested		50,000
Unused borrowing capacity under our Amended and Restated RCA and other facilities		$ 531,900
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%
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%
[1]Relates to our term loan A under the Amended and Restated RCA.[2]Amounts are shown net of unamortized issuance costs of $0.3 million as of July 31, 2022 and $0.3 million as of April 30, 2022.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Apr. 30, 2022
Derivative Instruments and Hedging Activities [Abstract]
Total debt outstanding	$ 939,111		$ 787,027
Unamortized debt issuance costs	300		300
Variable rate loans outstanding	939,400
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities [Abstract]
Notional amount	500,000		500,000
Net losses reclassified from Accumulated other comprehensive loss into Interest expense	(400)	$ (1,100)
Interest Rate Swaps [Member] | Recurring [Member] | Level 2 [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities [Abstract]
Assets fair value of derivative instrument	6,300		5,800
Liabilities of derivative instrument	900		200
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	5,000		4,900
Interest Rate Swaps [Member] | Recurring [Member] | Level 2 [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivative Instruments and Hedging Activities [Abstract]
Assets fair value of derivative instrument	$ 1,300		$ 900
Interest Rate Swaps [Member] | June 2019 Interest Rate Swap (Variable Rate Loans) [Member] | Designated as Hedging Instrument [Member] | LIBOR [Member]
Derivative Instruments and Hedging Activities [Abstract]
Inception date	Jun. 24, 2019
Notional amount	$ 100,000
Fixed Interest Rate	1.65%
Term of variable rate	1 month
Term of derivative instrument	3 years
Expiration date	Jul. 15, 2022
Interest Rate Swaps [Member] | June 2022 Interest Rate Swap (Variable Rate Loans) [Member] | Designated as Hedging Instrument [Member] | LIBOR [Member]
Derivative Instruments and Hedging Activities [Abstract]
Inception date	Jun. 16, 2022
Notional amount	$ 100,000
Fixed Interest Rate	3.50%
Term of variable rate	1 month
Term of derivative instrument	3 years
Expiration date	May 15, 2024

Capital Stock and Changes in _3

Capital Stock and Changes in Capital Accounts, Share Repurchases (Details) - $ / shares	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Class A [Member]
Share Repurchases [Abstract]
Shares repurchased (in shares)	212	129
Average price (in dollars per share)	$ 47.12	$ 56.88
Class B [Member]
Share Repurchases [Abstract]
Shares repurchased (in shares)	0	1
Average price (in dollars per share)	$ 47.12	$ 56.88

Capital Stock and Changes in _4

Capital Stock and Changes in Capital Accounts, Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Jul. 20, 2022	Jul. 31, 2022	Jul. 31, 2021
Cash Dividends [Abstract]
Total dividend		$ 19,468	$ 19,307
Class A [Member]
Cash Dividends [Abstract]
Quarterly cash dividend (in dollars per share)		$ 0.3475	$ 0.3450
Class B [Member]
Cash Dividends [Abstract]
Quarterly cash dividend (in dollars per share)		$ 0.3475	$ 0.3450
Dividend Declared in Q1 2023 [Member] | Class A [Member]
Cash Dividends [Abstract]
Date of declaration by board of directors		Jun. 22, 2022
Quarterly cash dividend (in dollars per share)		$ 0.3475
Total dividend	$ 19,400
Dividend paid date		Jul. 20, 2022
Shareholders of record as of date		Jul. 06, 2022
Dividend Declared in Q1 2023 [Member] | Class B [Member]
Cash Dividends [Abstract]
Date of declaration by board of directors		Jun. 22, 2022
Quarterly cash dividend (in dollars per share)		$ 0.3475
Total dividend	$ 19,400
Dividend paid date		Jul. 20, 2022
Shareholders of record as of date		Jul. 06, 2022

Capital Stock and Changes in _5

Capital Stock and Changes in Capital Accounts, Changes in Common Stock (Details) - shares shares in Thousands	3 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Class A [Member]
Changes in Common Stock [Abstract]
Number of shares, beginning of year (in shares)	70,226	70,208
Common stock class conversions (in shares)	0	3
Number of shares issued, end of period (in shares)	70,226	70,211
Changes in Common Stock in Treasury [Abstract]
Number of shares held, beginning of year (in shares)	23,515	23,419
Purchases of treasury shares (in shares)	212	129
Restricted shares issued from exercise of stock options (in shares)	0	(22)
Shares withheld for taxes (in shares)	98	85
Number of shares held, end of period (in shares)	23,557	23,390
Number of Common Stock outstanding, end of period (in shares)	46,669	46,821
Class A [Member] | Non-PSU Awards [Member]
Changes in Common Stock in Treasury [Abstract]
Restricted shares issued under stock-based compensation plans (in shares)	(119)	(118)
Class A [Member] | PSU Awards [Member]
Changes in Common Stock in Treasury [Abstract]
Restricted shares issued under stock-based compensation plans (in shares)	(149)	(103)
Class B [Member]
Changes in Common Stock [Abstract]
Number of shares, beginning of year (in shares)	12,956	12,974
Common stock class conversions (in shares)	0	(3)
Number of shares issued, end of period (in shares)	12,956	12,971
Changes in Common Stock in Treasury [Abstract]
Number of shares held, beginning of year (in shares)	3,924	3,922
Purchases of treasury shares (in shares)	0	1
Number of shares held, end of period (in shares)	3,924	3,923
Number of Common Stock outstanding, end of period (in shares)	9,032	9,048