John Wiley & Sons (WLY) 10-Q 6 Dec 24 2025 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Oct. 31, 2024	Nov. 30, 2024
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2024
Document Transition Report	false
Entity File Number	001-11507
Entity Registrant Name	JOHN WILEY & SONS, INC.
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
Current Fiscal Year End Date	--04-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000107140
Amendment Flag	false
Class A common stock
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		45,059,564
Class B common stock
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		8,969,871

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Current assets
Cash and cash equivalents	$ 75,536	$ 83,249
Accounts receivable, net of allowance for credit losses of $17.9 million and $17.3 million, respectively	183,015	224,198
Inventories, net	27,103	26,219
Prepaid expenses and other current assets	84,659	85,954
Current assets held-for-sale	0	34,422
Total current assets	370,313	454,042
Technology, property and equipment, net	172,371	192,438
Intangible assets, net	598,262	615,694
Goodwill	1,102,372	1,091,368
Operating lease right-of-use assets	70,527	69,074
Other non-current assets	295,013	283,719
Non-current assets held-for-sale	0	19,160
Total assets	2,608,858	2,725,495
Current liabilities
Accounts payable	40,358	55,659
Accrued royalties	119,043	97,173
Short-term portion of long-term debt	10,000	7,500
Contract liabilities	241,488	483,778
Accrued employment costs	60,935	96,980
Short-term portion of operating lease liabilities	18,080	18,294
Other accrued liabilities	71,567	76,266
Current liabilities held-for-sale	0	37,632
Total current liabilities	561,471	873,282
Long-term debt	951,010	767,096
Accrued pension liability	71,082	70,832
Deferred income tax liabilities	98,676	97,186
Operating lease liabilities	88,403	94,386
Other long-term liabilities	82,961	71,760
Long-term liabilities held-for-sale	0	11,237
Total liabilities	1,853,603	1,985,779
Commitments and contingencies (Note 18)
Shareholders’ equity
Preferred stock, $1 par value per share: Authorized shares – 2 million, Issued shares - 0	0	0
Additional paid-in-capital	478,694	474,406
Retained earnings	1,583,974	1,583,348
Accumulated other comprehensive loss, net of tax	(496,308)	(528,439)
Less treasury shares at cost (Class A – 25,224 and 24,828 as of October 31, 2024 and April 30, 2024, respectively; Class B – 3,929 and 3,928 as of October 31, 2024 and April 30, 2024, respectively)	(894,287)	(872,781)
Total shareholders’ equity	755,255	739,716
Total liabilities and shareholders' equity	2,608,858	2,725,495
Class A common stock
Shareholders’ equity
Common stock	70,283	70,259
Class B common stock
Shareholders’ equity
Common stock	$ 12,899	$ 12,923

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED (Parenthetical) - USD ($) shares in Thousands, $ in Millions	Oct. 31, 2024	Apr. 30, 2024
Current assets
Allowance for credit losses	$ 17.9	$ 17.3
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 common stock
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)	70,283	70,259
Treasury stock (in shares)	25,224	24,828
Class B common stock
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)	12,899	12,923
Treasury stock (in shares)	3,929	3,928

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME (LOSS) – UNAUDITED - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Income Statement [Abstract]
Revenue, net	$ 426,595	$ 492,808	$ 830,404	$ 943,821
Costs and expenses:
Cost of sales	107,000	155,614	216,220	312,715
Operating and administrative expenses	238,891	252,282	487,710	508,083
Impairment of goodwill	0	0	0	26,695
Restructuring and related charges	3,627	25,102	7,497	37,225
Amortization of intangible assets	12,944	13,565	25,871	29,213
Total costs and expenses	362,462	446,563	737,298	913,931
Operating income	64,133	46,245	93,106	29,890
Interest expense	(14,463)	(12,937)	(27,250)	(24,271)
Net foreign exchange transaction losses	(3,328)	(2,357)	(3,094)	(3,977)
Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale	369	(51,414)	6,170	(127,343)
Other income (expense), net	2,226	(1,567)	3,008	(3,052)
Income (loss) before taxes	48,937	(22,030)	71,940	(128,753)
Provision (benefit) for income taxes	8,479	(2,585)	32,918	(17,044)
Net income (loss)	$ 40,458	$ (19,445)	$ 39,022	$ (111,709)
Earnings (loss) per share
Basic (in dollars per share)	$ 0.75	$ (0.35)	$ 0.72	$ (2.02)
Diluted (in dollars per share)	$ 0.74	$ (0.35)	$ 0.71	$ (2.02)
Weighted average number of common shares outstanding
Basic (in shares)	54,191	55,102	54,284	55,186
Diluted (in shares)	54,850	55,102	54,928	55,186

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) – UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 40,458	$ (19,445)	$ 39,022	$ (111,709)
Other comprehensive income (loss):
Foreign currency translation adjustment	27,944	(33,865)	42,907	(22,691)
Unamortized retirement costs, net of tax (expense) benefit of $(463) $(2,796), $166, and $(2,412), respectively	394	9,994	(1,646)	8,157
Unrealized (loss) gains on interest rate swaps, net of tax benefit (expense) of $392, $331, $392 and $(532), respectively	(1,054)	(1,054)	(9,130)	1,466
Total other comprehensive income (loss)	27,284	(24,925)	32,131	(13,068)
Comprehensive income (loss)	$ 67,742	$ (44,370)	$ 71,153	$ (124,777)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) – UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Other comprehensive income (loss):
Unrealized retirement credits, tax benefit	$ (463)	$ (2,796)	$ 166	$ (2,412)
Unrealized (loss) gains on interest rate swaps, tax benefit (expense)	$ 392	$ 331	$ 392	$ (532)

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Operating activities
Net income (loss)	$ 40,458	$ (19,445)	$ 39,022	$ (111,709)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Impairment of goodwill	0	0	0	26,695
Net (gain) loss on sale of businesses, assets, and impairment charges related to assets held-for-sale	(369)	51,414	(6,170)	127,343
Amortization of intangible assets	12,944	13,565	25,871	29,213
Amortization of product development assets			8,622	12,937
Depreciation and amortization of technology, property and equipment			39,478	41,752
Restructuring and related charges	3,627	25,102	7,497	37,225
Stock-based compensation expense			12,002	12,801
Employee retirement plan expense			16,901	17,590
Net foreign exchange transaction losses	3,328	2,357	3,094	3,977
Other noncash charges (credits)			5,570	(39,895)
Net change in operating assets and liabilities			(245,879)	(241,415)
Net cash used in operating activities			(93,992)	(83,486)
Investing activities
Product development spending			(7,127)	(8,168)
Additions to technology, property and equipment			(29,030)	(40,321)
Businesses acquired in purchase transactions, net of cash acquired			(915)	(1,500)
Net cash (transferred) proceeds related to the sale of businesses and assets			(8,117)
Net cash (transferred) proceeds related to the sale of businesses and assets				1,025
Acquisitions of publication rights and other			700	(2,953)
Net cash used in investing activities			(44,489)	(51,917)
Financing activities
Repayments of long-term debt			(621,801)	(381,640)
Borrowings of long-term debt			805,867	579,871
Purchases of treasury shares			(25,421)	(22,500)
Change in book overdrafts			(3,329)	(2,733)
Cash dividends			(38,264)	(38,691)
Impact of tax withholding on stock-based compensation and other			(3,969)	(4,605)
Net cash provided by financing activities			113,083	129,702
Effects of exchange rate changes on cash, cash equivalents, and restricted cash			1,441	(1,943)
Cash reconciliation:
Cash and cash equivalents			99,441	106,714
Restricted cash included in Prepaid expenses and other current assets			102	548
Balance at beginning of period			99,543	107,262
Decrease for the period			(23,957)	(7,644)
Cash and cash equivalents	75,536	99,515	75,536	99,515
Restricted cash included in Prepaid expenses and other current assets	50	103	50	103
Balance at end of period	$ 75,586	$ 99,618	75,586	99,618
Cash paid during the period for:
Interest			26,305	22,933
Income taxes, net of refunds			$ 29,082	$ 26,423

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - UNAUDITED - USD ($) $ in Thousands	Total	Class A common stock	Class B common stock	Common Stock Class A common stock	Common Stock Class B common stock	Additional paid-in capital	Retained earnings	Retained earnings Class A common stock	Retained earnings Class B common stock	Accumulated other comprehensive loss, net of tax	Treasury stock
Beginning balance at Apr. 30, 2023	$ 1,045,027			$ 70,231	$ 12,951	$ 469,802	$ 1,860,872			$ (528,902)	$ (839,927)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted shares issued under stock-based compensation plans	144					(11,425)	0				11,569
Impact of tax withholding on stock-based compensation and other	(4,605)										(4,605)
Stock-based compensation expense	12,792					12,792
Purchases of treasury shares	(22,500)										(22,500)
Common stock dividends		$ (32,488)	$ (6,317)					$ (32,488)	$ (6,317)
Common stock class conversions	0			3	(3)
Comprehensive income (loss), net of tax	(124,777)						(111,709)			(13,068)
Ending balance at Oct. 31, 2023	867,276			70,234	12,948	471,169	1,710,358			(541,970)	(855,463)
Beginning balance at Jul. 31, 2023	937,206			70,231	12,951	465,278	1,749,169			(517,045)	(843,378)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted shares issued under stock-based compensation plans	69					(620)	(1)				690
Impact of tax withholding on stock-based compensation and other	(275)										(275)
Stock-based compensation expense	6,511					6,511
Purchases of treasury shares	(12,500)										(12,500)
Common stock dividends		(16,207)	(3,158)					(16,207)	(3,158)
Common stock class conversions	0			3	(3)
Comprehensive income (loss), net of tax	(44,370)						(19,445)			(24,925)
Ending balance at Oct. 31, 2023	867,276			70,234	12,948	471,169	1,710,358			(541,970)	(855,463)
Beginning balance at Apr. 30, 2024	739,716			70,259	12,923	474,406	1,583,348			(528,439)	(872,781)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted shares issued under stock-based compensation plans	166					(7,718)	0				7,884
Impact of tax withholding on stock-based compensation and other	(3,969)										(3,969)
Stock-based compensation expense	12,006					12,006
Purchases of treasury shares	(25,421)										(25,421)
Common stock dividends		(32,070)	(6,326)					(32,070)	(6,326)
Common stock class conversions	0			24	(24)
Comprehensive income (loss), net of tax	71,153						39,022			32,131
Ending balance at Oct. 31, 2024	755,255			70,283	12,899	478,694	1,583,974			(496,308)	(894,287)
Beginning balance at Jul. 31, 2024	713,673			70,277	12,905	473,164	1,562,666			(523,592)	(881,747)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted shares issued under stock-based compensation plans	87					(510)					597
Impact of tax withholding on stock-based compensation and other	(216)										(216)
Stock-based compensation expense	6,040					6,040
Purchases of treasury shares	(12,921)										(12,921)
Common stock dividends		$ (15,988)	$ (3,162)					$ (15,988)	$ (3,162)
Common stock class conversions	0			6	(6)
Comprehensive income (loss), net of tax	67,742						40,458			27,284
Ending balance at Oct. 31, 2024	$ 755,255			$ 70,283	$ 12,899	$ 478,694	$ 1,583,974			$ (496,308)	$ (894,287)

CONDENSED CONSOLIDATED STATEM_8

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Class A common stock
Common stock dividend (in dollars per share)	$ 0.3525	$ 0.3500	$ 0.3525	$ 0.3500
Class B common stock
Common stock dividend (in dollars per share)	$ 0.3525	$ 0.3500	$ 0.3525	$ 0.3500

Basis of Presentation

Basis of Presentation	6 Months Ended
	Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Throughout this report, when we refer to “Wiley,” the “Company,” “we,” “our,” or “us,” we are referring to John Wiley & Sons, Inc. and all our subsidiaries, except where the context indicates otherwise. Our Unaudited Condensed Consolidated Financial Statements include all the accounts of the Company and our subsidiaries. We have eliminated all 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 state fairly the Unaudited Condensed Consolidated Financial Condition, Results of Operations, Comprehensive Income (Loss) 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 presented in United States (US) dollars, unless otherwise specified. 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, 2024 as filed with the SEC on June 26, 2024 (2024 Form 10-K).

Recent Accounting Standards

Recent Accounting Standards	6 Months Ended
	Oct. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Standards	Recent Accounting Standards Recently Adopted Accounting Standards There were no recently adopted accounting standards which would have a material impact on our condensed consolidated financial statements. Recently Issued Accounting Standards Disaggregation of Income Statement Expenses In November 2024 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2024-03, “ Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40), Disaggregation of Income Statement Expenses.” This ASU requires disclosure about specific types of expenses included in expense captions including purchases of inventory, employee compensation, depreciation, amortization, and depletion. This ASU is effective for our annual disclosures starting fiscal year 2028 and interim periods starting in fiscal year 2029. Early adoption is permitted. A public entity should apply the amendments in this ASU on a prospective basis with the option to apply the standard retrospectively. The Company is currently evaluating this ASU to determine its impact on the Company's disclosures. Improvements to Income Tax Disclosures In December 2023 the FASB issued ASU 2023-09, “Income Taxes (Topic 740) - Improvements to Income Tax Disclosures.” This ASU enhances the transparency, effectiveness and comparability of income tax disclosures by requiring consistent categories and greater disaggregation of information related to income tax rate reconciliations and the jurisdictions in which income taxes are paid. This ASU is effective for our annual disclosures starting fiscal year 2026. Early adoption is permitted. A public entity should apply the amendments in this ASU on a prospective basis with the option to apply the standard retrospectively. The Company is currently evaluating this ASU to determine its impact on the Company's disclosures. Segment Reporting - Improvements to Reportable Segment Disclosures

Divestitures

Divestitures	6 Months Ended
	Oct. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures As of October 31, 2024, we completed our plan to divest certain businesses that we determined are non-core businesses. Those businesses are University Services, Wiley Edge, and CrossKnowledge. In accordance with FASB Accounting Standards Codification (ASC) Topic 205, "Presentation of Financial Statements," we determined that the divestitures of University Services, Wiley Edge and CrossKnowledge each do not represent a strategic shift that will have a major effect on our consolidated results of operations, and therefore their results of operations were not reported as discontinued operations. We concluded that the businesses met all the requisite held-for-sale criteria as of June 1, 2023. Therefore, the related assets and liabilities were reclassified as held-for-sale on the Unaudited Condensed Consolidated Statements of Financial Position until the date of sale. On January 1, 2024, we sold University Services. On May 31, 2024, we sold Wiley Edge, with the exception of its India operations which sold on August 31, 2024. On August 31, 2024, we also sold CrossKnowledge. Completed Divestitures For the three and six months ended October 31, 2024 and 2023, we recorded net pretax gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Wiley Edge $ 956 $ — $ 788 $ — University Services — (34,807) 1,489 (75,466) Tuition Manager — 568 120 (1,500) CrossKnowledge (438) (17,175) 3,922 (50,377) Sale of assets (149) — (149) — Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale $ 369 $ (51,414) $ 6,170 $ (127,343) These charges are reflected in Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale on our Unaudited Condensed Consolidated Statements of Net Income (Loss). Fiscal Year 2025 CrossKnowledge On August 31, 2024, we completed the sale of CrossKnowledge, which was included in our Held for Sale or Sold segment, pursuant to a stock and asset purchase agreement (CrossKnowledge Agreement) with MS International Software, LLC, a Delaware limited liability company (MS International). The selling price for CrossKnowledge at the date of sale, which was updated during the three months ended October 31, 2024 , had an estimated fair value of $3.0 million which consists of $1.8 million of contingent consideration in the form of two earnouts recorded at fair value ( CrossKnowledge Earnouts), and $1.2 million of estimated working capital adjustments. The maximum amount of the CrossKnowledge Earnouts is $25.0 million. As of October 31, 2024, $0.2 million of the CrossKnowledge Earnouts is reflected in Prepaid expenses and other current assets and $1.6 million is reflected in Other non-current assets in our Unaudited Condensed Consolidated Statements of Financial Position. The pretax loss on sale was $51.5 million after accounting for the assets sold, liabilities transferred upon sale, transaction costs, and the write-off of cumulative translation adjustments in earnings. In connection with the held-for-sale classification prior to the sale, we recognized cumulative impairment charges of $51.0 million on the remeasurement of the disposal group at the lower of carrying value or fair value less costs to sell, which included $55.4 million recognized in fiscal year 2024 and a reduction of $4.4 million in the three months ended July 31, 2024. Upon the completion of the sale, we recognized an additional loss of $0.5 million in the three months ended October 31, 2024 due to subsequent changes in the fair value less costs to sell, as well as changes in the carrying amount of the disposal group. This additional loss is included in Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale in our Unaudited Condensed Consolidated Statements of Net Income (Loss) for the three and six months ended October 31, 2024. This resulted in a net reduction in the loss of $3.9 million in the six months ended October 31, 2024. We entered into a transition services agreement to facilitate the transition of the divested business. Wiley Edge On May 31, 2024, we completed the sale of Wiley Edge with the exception of its India operations which sold on August 31, 2024, which was included in our Held for Sale or Sold segment, pursuant to a stock and asset purchase agreement (Edge Agreement) with Inspirit Vulcan Bidco Limited, a private limited company incorporated in England & Wales (Inspirit). The selling price for Wiley Edge at the date of sale including India, which was updated during the three months ended October 31, 2024 , had a fair value of $38.3 million paid in the form of: (i) cash of $10 million, of which $2.5 million is deferred, (ii) an unsecured promissory note with an initial aggregate principal amount of $13.3 million (Inspirit Seller Note), subject to customary working capital adjustments, and (iii) $15.0 million of additional contingent consideration in the form of an earnout recorded at fair value based on the gross profit targets during each of the three fiscal years in the period beginning May 1, 2024 and ending April 30, 2027 (Wiley Edge Earnout). As of October 31, 2024 , t he Inspirit Seller Note is reflected in Other non-current assets in our Unaudited Condensed Consolidated Statements of Financial Position. As of October 31, 2024, $2.4 million of the Wiley Edge Earnout is reflected in Prepaid expenses and other current assets and $12.6 million is reflected in Other non-current assets in our Unaudited Condensed Consolidated Statements of Financial Position. The Inspirit Seller Note matures on May 31, 2028 and is prepayable at par plus accrued interest at any time and also if certain conditions are met. The Inspirit Seller Note bears interest at the rate of 8% per annum commencing on May 31, 2024, increasing by 1% per annum each year on the anniversary of issuance. Interest income from the note receivable represents non operating income and is included in Other income (expense), net on the Unaudited Condensed Consolidated Statements of Net Income (Loss) . The maximum Wiley Edge Earnout amount is $34.0 million. We elected to record the fair value of the Wiley Edge Earnout as of the date of the sale, and will update that fair value as applicable until settled. The fair value of the Wiley Edge Earnout was based on a Monte Carlo simulation. This fair value was categorized as Level 3 within the FASB ASC Topic 820 fair value hierarchy . This method considers the terms and conditions in the Edge Agreement, our best estimates of forecasted gross profit for the Wiley Edge Earnout periods and simulates a range of gross profits over the applicable periods based on an estimate of gross profit volatility. The fair value of the Wiley Edge Earnout was estimated as the present value of the potential range of payouts averaged across the range of simulated gross profits using an estimated risk-adjusted discount rate for the simulated gross profits. The Wiley Edge Earnout amount is subject to change based on final results and calculations. The pretax loss on sale was $18.6 million after accounting for the assets sold, liabilities transferred upon sale, and transaction costs. In connection with the held-for-sale classification, during fiscal year 2024, we recognized cumulative impairment charges of $19.4 million on the remeasurement of the disposal group at the lower of carrying value or fair value less costs to sell. Upon the completion of the sale, we recognized a net gain of $0.8 million in the six months ended October 31, 2024, which included $1.0 million in the three months ended October 31, 2024, primarily due to the sale of the India operations, partially offset by subsequent changes in the costs to sell. The net gain is included in Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale in our Unaudited Condensed Consolidated Statements of Net Income (Loss) for the three and six months ended October 31, 2024. We entered into a transition services agreement to facilitate the transition of the divested business. Fiscal Year 2024 University Services On January 1, 2024, we completed the sale of University Services, which was included in our Held for Sale or Sold segment, pursuant to a Membership Interest and Asset Purchase Agreement with Academic Partnerships LLC, a Delaware limited liability company (Academic Partnerships), and Education Services Upper Holdings Corp., a Delaware corporation. The pretax loss on sale was $105.6 million after accounting for the assets sold, liabilities transferred upon sale, and transaction costs, which was reduced during the six months ended October 31, 2024 due to third-party customer consents and working capital adjustments of $1.5 million that occurred in the first quarter of fiscal year 2025. This amount is included in Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale in our Unaudited Condensed Consolidated Statements of Net Income (Loss) for the six months ended October 31, 2024. Tuition Manager On May 31, 2023, we completed the sale of our tuition manager business (Tuition Manager), which was included in our Held for Sale or Sold segment. The pretax loss on sale was $1.4 million after accounting for the assets sold, liabilities transferred upon sale, and transaction costs, which was reduced during the six months ended October 31, 2024 due to additional cash received after the date of sale of $0.1 million. This amount is included in Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale in our Unaudited Condensed Consolidated Statements of Net Income (Loss) for the six months ended October 31, 2024. Assets and Liabilities Held-for-Sale The major categories of assets and liabilities that have been classified as held-for-sale on the Unaudited Condensed Consolidated Statement of Financial Position as of April 30, 2024 were as follows: Cross Knowledge Wiley Edge Total Assets held-for-sale: Current assets Cash and cash equivalents $ 6,305 $ 9,887 $ 16,192 Accounts receivable, net 12,914 13,897 26,811 Prepaid expenses and other current assets 3,780 5,548 9,328 Valuation allowance (17,909) — (17,909) Total current assets held-for-sale $ 5,090 $ 29,332 $ 34,422 Technology, property and equipment, net 3,786 2,888 6,674 Intangible assets, net 17,777 34,612 52,389 Operating lease right-of-use assets 1,091 1,008 2,099 Other non-current assets 14,877 53 14,930 Valuation allowance (37,531) (19,401) (56,932) Total non-current assets held-for-sale $ — $ 19,160 $ 19,160 Liabilities held-for-sale: Current liabilities Accounts payable $ 494 $ — $ 494 Accrued royalties 268 — 268 Contract liabilities 16,796 — 16,796 Accrued employment costs 7,805 3,990 11,795 Short-term portion of operating lease liabilities 319 468 787 Other accrued liabilities 2,762 4,730 7,492 Total current liabilities held-for-sale $ 28,444 $ 9,188 $ 37,632 Accrued pension liability 1,037 — 1,037 Deferred income tax liabilities 4,420 4,448 8,868 Operating lease liabilities 251 159 410 Other long-term liabilities 694 228 922 Total long-term liabilities held-for-sale $ 6,402 $ 4,835 $ 11,237 Sale of Assets

Revenue Recognition, Contracts

Revenue Recognition, Contracts with Customers	6 Months Ended
	Oct. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition, Contracts with Customers	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 Six Months Ended 2024 2023 2024 2023 Research: Research Publishing $ 222,667 $ 219,743 $ 453,618 $ 442,743 Research Solutions 39,218 37,927 73,576 72,731 Total Research 261,885 257,670 527,194 515,474 Learning: Academic 94,788 89,125 154,752 137,417 Professional 66,726 59,815 131,076 120,843 Total Learning 161,514 148,940 285,828 258,260 Held for Sale or Sold 3,196 86,198 17,382 170,087 Total Revenue $ 426,595 $ 492,808 $ 830,404 $ 943,821 The following information describes our disaggregation of revenue by segment and product type. Overall, the majority of our revenue is recognized over time. Research Total Research revenue was $261.9 million and $527.2 million in the three and six months ended October 31, 2024, respectively. Research products are sold and distributed globally through multiple channels. The majority of revenue generated from Research products is recognized over time. 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 $222.7 million and $453.6 million in the three and six months ended October 31, 2024, respectively, and the majority is recognized over time. In both the three and six months ended October 31, 2024, Research Publishing products generated approximately 88% of their 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 and other revenue streams. Research Solutions Products and Services Research Solutions revenue was $39.2 million and $73.6 million in the three and six months ended October 31, 2024, respectively, and the majority is recognized over time. Research Solutions products and services generated approximately 56% and 53% of their revenue in the three and six months ended October 31, 2024, respectively, from contracts with customers that include corporate solutions such as job board software and career center services, marketing and education services, licensing, and databases. The remainder of the revenue from contracts with customers includes platforms that enable scholarly and professional societies and publishers to deliver, host, enhance, market, and manage their content, solutions to manage the submission and peer review process, and publishing and editorial services. Learning Total Learning revenue was $161.5 million and $285.8 million in the three and six months ended October 31, 2024, respectively. We disaggregated revenue by Academic and Professional to reflect the different types of products and services provided. Academic Academic products revenue was $94.8 million and $154.8 million in the three and six months ended October 31, 2024, respectively. Products and services including scientific, professional, and education print and digital books, and digital courseware to libraries, corporations, students, professionals, and researchers. Products are developed for worldwide distribution through multiple channels, including chain and online booksellers, libraries, colleges and universities, corporations, direct to consumer, websites, distributor networks and other online applications. In the three and six months ended October 31, 2024, Academic products generated approximately 55% and 57%, respectively, of their revenue from contracts with their customers for print and digital publishing, which is recognized at a point in time. Digital Courseware products in the three and six months ended October 31, 2024 generate approximately 35% and 27%, respectively, of their revenue from contracts with their customers which is recognized over time. The remainder of their revenues were from Licensing and other revenue streams, which have a mix of revenue recognized at a point in time and over time. Professional Professional products revenue was $66.7 million and $131.1 million in the three and six months ended October 31, 2024, respectively. Professional provides learning, development, publishing, and assessment services for businesses and professionals. Our trade publishing produces professional books, which includes business and finance, technology, professional development for educators, test preparation books and other professional categories, as well as the For Dummies ® brand. Products are sold to brick-and-mortar and online retailers, wholesalers who supply such bookstores, college bookstores, individual practitioners, corporations, and government agencies. In the three and six months ended October 31, 2024, Professional products generated approximately 56% and 54%, respectively, of their revenue from contracts with their customers for trade print and digital publishing, which is recognized at a point in time. Our assessments offering in the three and six months ended October 31, 2024 generates approximately 32% and 30%, respectively, of their revenue from contracts with their customers which has a mix of revenue recognized at a point in time and over time. The remainder of Professional revenues were from Licensing and other revenue streams, which has a mix of revenue recognized at a point in time and over time. Held for Sale or Sold Held for Sale or Sold revenue was $3.2 million and $17.4 million in the three and six months ended October 31, 2024, respectively. Wiley Edge was sold on May 31, 2024 with exception of its India operations which sold on August 31, 2024. Wiley Edge previously sourced, trained, and prepared aspiring students and professionals to meet the skill needs of today’s technology careers, and then places them with some of the world's largest financial institutions, technology companies, and government agencies. Wiley Edge revenue was recognized at the point in time the services were provided to its customers. CrossKnowledge was sold on August 31, 2024. CrossKnowledge services previously included corporate learning online learning and training solutions for global corporations, universities, and small and medium-sized enterprises sold on a subscription or fee basis. CrossKnowledge revenue was recognized over time. Held for Sale or Sold also includes the revenue associated with those businesses which were sold in fiscal year 2024 which includes University Services which was sold on January 1, 2024 and Tuition Manager which was sold on May 31, 2023. 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. October 31, 2024 April 30, 2024 Increase/ Balances from contracts with customers: Accounts receivable, net $ 183,015 $ 224,198 $ (41,183) Contract liabilities (1) 241,488 483,778 (242,290) Contract liabilities (included in Other long-term liabilities) $ 22,202 $ 14,819 $ 7,383 (1) The sales return reserve recorded in Contract liabilities is $24.7 million and $25.4 million, as of October 31, 2024 and April 30, 2024, respectively. For the six months ended October 31, 2024, we estimate that we recognized as revenue approximately 74% of the current contract liability balance at April 30, 2024. For the six months ended October 31, 2023, we estimated that we recognized as revenue approximately 74% of the current contract liability balance at April 30, 2023. 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 October 31, 2024, the aggregate amount of the transaction price allocated to the remaining performance obligations is approximately $263.7 million, which includes the sales return reserve of $24.7 million. Excluding the sales return reserve, we expect that approximately $216.8 million will be recognized in the next twelve months with the remaining $22.2 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 Research Solutions services which includes customer specific implementation costs per the terms of the contract . Our assets associated with incremental costs to fulfill a contract, were $2.8 million and $3.1 million at October 31, 2024 and April 30, 2024, respectively, and are included within Other non-current assets on our Unaudited Condensed Consolidated Statements of Financial Position. We recorded amortization expense related to these assets within Cost of sales on our Unaudited Condensed Consolidated Statements of Net Income (Loss) as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Amortization expense $ 277 $ 1,015 $ 583 $ 2,665 In the three and six months ended October 31, 2023 amortization expense for costs to fulfill includes the amortization related to the University Services business which was sold on January 1, 2024. Sales and value-added taxes are excluded from revenues. Shipping and handling costs, which are primarily incurred within the Learning segment, occur before the transfer of control of the related goods. Therefore, in accordance with the revenue standard, it is not considered a promised service to the customer and would be considered a cost to fulfill our promise to transfer the goods. Costs incurred for third party shipping and handling are primarily reflected in Operating and administrative expenses on our Unaudited Condensed Consolidated Statements of Net Income (Loss) and were incurred as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Shipping and handling costs $ 6,098 $ 6,471 $ 11,912 $ 13,132

Operating Leases

Operating Leases	6 Months Ended
	Oct. 31, 2024
Leases [Abstract]
Operating Leases	Operating Leases We have contractual obligations as a lessee with respect to offices, warehouses and distribution centers, automobiles, and office equipment. We determine if an arrangement is a lease at inception of the contract in accordance with guidance detailed in the lease standard and we perform the lease classification test as of the lease commencement date. Right-of-use (ROU) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The present value of the lease payments is calculated using an incremental borrowing rate, which was determined based on the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. We use an unsecured borrowing rate and risk-adjust that rate to approximate a collateralized rate. We recognize operating lease expense on a straight-line basis over the term of the lease. Lease payments may be fixed or variable. Only lease payments that are fixed, in-substance fixed or depend on a rate or index are included in determining the lease liability. Variable lease payments include payments made to the lessor for taxes, insurance and maintenance of the leased asset and are recognized as operating costs as incurred. We apply certain practical expedients allowed by ASC 842, "Leases." Leases that are more than one year in duration are capitalized and recorded on our Unaudited Condensed Consolidated Statements of Financial Position. Leases with an initial term of 12 months or less are recognized as short term lease operating costs on a straight-line basis over the term. We have also elected to account for the lease and non-lease components as a single component. 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. For operating leases, the ROU assets and liabilities are presented on our Unaudited Condensed Consolidated Statements of Financial Position as follows: October 31, 2024 April 30, 2024 Operating lease ROU assets $ 70,527 $ 69,074 Short-term portion of operating lease liabilities 18,080 18,294 Operating lease liabilities, non-current $ 88,403 $ 94,386 As a result of our restructuring programs, which included the exit of certain leased office space, we recorded restructuring and related charges, which included impairment charges, the acceleration of expense, and ongoing facility charges associated with certain operating lease ROU assets. See Note 9 , “Restructuring and Related Charges” for more information on this program and the charges incurred. Our total net lease costs are as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Operating lease cost $ 3,673 $ 3,855 $ 7,128 $ 7,938 Variable lease cost 212 297 455 582 Short-term lease cost 82 292 214 570 Sublease income (118) (218) (407) (421) Total net lease cost (1) $ 3,849 $ 4,226 $ 7,390 $ 8,669 (1) Total net lease cost does not include those costs and sublease income for operating leases we had identified as part of our restructuring programs that would be subleased. The costs and sublease income for those leases are included in Restructuring and related charges on our Unaudited Condensed Consolidated Statements of Net Income (Loss). See Note 9 , “Restructuring and Related Charges” for more information on these programs. Other supplemental information includes the following: Six Months Ended 2024 2023 Weighted-average remaining contractual lease term (years) 7 8 Weighted-average discount rate 6.13 % 6.01 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 10,741 $ 13,117 Operating lease liabilities arising from obtaining ROU assets $ 447 $ 466 The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in our Unaudited Condensed Consolidated Statement of Financial Position as of October 31, 2024: Fiscal Year Operating Lease 2025 (remaining 6 months) $ 11,915 2026 22,442 2027 18,051 2028 14,622 2029 14,489 Thereafter 50,362 Total future undiscounted minimum lease payments 131,881 Less: Imputed interest 25,398 Present value of minimum lease payments 106,483 Less: Current portion 18,080 Noncurrent portion $ 88,403

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Oct. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	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 generally on a straight-line basis, net of estimated forfeitures over the requisite service period. The measurement of performance for performance-based stock awards is based on actual financial results for targets established up to three years in advance, or less. We recognized stock-based compensation expense, on a pretax basis, as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Stock-based compensation expense $ 6,034 $ 6,515 $ 12,002 $ 12,801 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 three-year or less financial performance-based targets. During each three-year 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): Six Months Ended 2024 2023 Restricted Stock: Awards granted (shares) 708 825 Weighted average fair value of grant $ 43.01 $ 31.66 Stock Option Activity There were no stock option awards granted during the six months ended October 31, 2024. We granted 10,000 stock option awards during the six months ended October 31, 2023 at fair market value on date of grant. Options are exercisable over a maximum period of ten years from the date of grant. These options generally vest 10%, 20%, 30%, and 40% on April 30, or on each anniversary date after the award is granted. The following table provides the estimated weighted average fair value for options granted during the six months ended October 31, 2023 using the Black-Scholes option-pricing model, and the significant weighted average assumptions used in their determination. Six Months Ended 2023 Weighted average fair value of options on grant date $ 7.94 Weighted average assumptions: Expected life of options (years) 6.3 Risk-free interest rate 3.9 % Expected volatility 33.5 % Expected dividend yield 4.3 % Fair value of common stock on grant date $ 32.68 Exercise price of stock option grant $ 32.68 President and CEO New Hire Equity Awards On July 8, 2024, the Company named Mr. Matthew Kissner President and CEO and entered into an employment agreement (Employment Agreement) with him. Mr. Kissner had served as the Company’s interim President and CEO since October 10, 2023. Under the Employment Agreement, Mr. Kissner will be eligible to participate in the Company's Executive Long-Term Incentive Plan (ELTIP), with a target long-term incentive equal to $3.0 million. Sixty percent of the ELTIP value will be delivered in the form of target performance share units and forty percent in restricted share units. The grant date fair value for the restricted share units was $46.65 per share and included 27,192 restricted share units which vest 25% each year starting on April 30, 2025 to April 30, 2028. The grant date fair value for the performance share units was $46.65 per share and included 40,789 performance share units which vest 100% on June 30, 2027. Awards are subject to forfeiture in the case of voluntary termination prior to vesting, and continued vesting in the case of earlier termination of employment without cause or due to constructive discharge. All other terms and conditions are the same as for other executives, as outlined in the ELTIP grant agreements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Oct. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Changes in Accumulated other comprehensive loss by component, net of tax, for the three and six months ended October 31, 2024 and 2023 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at July 31, 2024 $ (318,864) $ (202,962) $ (1,766) $ (523,592) Other comprehensive income (loss) before reclassifications 4,717 (1,142) 189 3,764 Amounts reclassified from accumulated other comprehensive loss 23,227 1,536 (1,243) 23,520 Total other comprehensive income (loss) 27,944 394 (1,054) 27,284 Balance at October 31, 2024 $ (290,920) $ (202,568) $ (2,820) $ (496,308) Balance at April 30, 2024 $ (333,827) $ (200,922) $ 6,310 $ (528,439) Other comprehensive income (loss) before reclassifications 19,680 (4,691) (6,599) 8,390 Amounts reclassified from accumulated other comprehensive loss 23,227 3,045 (2,531) 23,741 Total other comprehensive income (loss) 42,907 (1,646) (9,130) 32,131 Balance at October 31, 2024 $ (290,920) $ (202,568) $ (2,820) $ (496,308) Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at July 31, 2023 $ (315,172) $ (208,643) $ 6,770 $ (517,045) Other comprehensive (loss) income before reclassifications (33,865) 8,528 1,337 (24,000) Amounts reclassified from accumulated other comprehensive loss — 1,466 (2,391) (925) Total other comprehensive (loss) income (33,865) 9,994 (1,054) (24,925) Balance at October 31, 2023 $ (349,037) $ (198,649) $ 5,716 $ (541,970) Balance at April 30, 2023 $ (326,346) $ (206,806) $ 4,250 $ (528,902) Other comprehensive (loss) income before reclassifications (22,691) 5,204 6,034 (11,453) Amounts reclassified from accumulated other comprehensive loss — 2,953 (4,568) (1,615) Total other comprehensive (loss) income (22,691) 8,157 1,466 (13,068) Balance at October 31, 2023 $ (349,037) $ (198,649) $ 5,716 $ (541,970) In connection with the sale of Wiley Edge and CrossKnowledge, in the three and six months ended October 31, 2024, we reclassified $23.2 million of cumulative translation adjustments out of Accumulated Other Comprehensive Loss and included in the Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale in our Unaudited Condensed Consolidated Statements of Net Income (Loss). During the three and six months ended October 31, 2024, pretax actuarial losses included in Unamortized Retirement Costs of approximately $2.0 million and $4.1 million, respectively, and in the three and six months ended October 31, 2023, of approximately $2.0 million and $3.9 million, respectively, were amortized from Accumulated other comprehensive loss and recognized as pension and post-retirement benefit expense primarily in Operating and administrative expenses and Other income (expense), net on our Unaudited Condensed Consolidated Statements of Net Income (Loss). 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	6 Months Ended
	Oct. 31, 2024
Earnings Per Share [Abstract]
Reconciliation of Weighted Average Shares Outstanding	Reconciliation of Weighted Average Shares Outstanding Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share further includes any common shares available to be issued upon the exercise of unvested, outstanding restricted stock units and other stock awards if such inclusions would be dilutive. The shares associated with performance-based stock awards are considered contingently issuable shares and are included in the diluted weighted average number of common shares outstanding based on when they have met the performance conditions, and when their effect is dilutive. We determine the potentially dilutive common shares for all awards using the treasury stock method. A reconciliation of the shares used in the computation of earnings (loss) per share follows (shares in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Weighted average shares outstanding 54,191 55,102 54,284 55,186 Shares used for basic earnings (loss) per share 54,191 55,102 54,284 55,186 Dilutive effect of unvested restricted stock units and other stock awards 659 — 644 — Shares used for diluted earnings (loss) per share 54,850 55,102 54,928 55,186 Antidilutive options to purchase Class A common shares, restricted shares, and contingently issuable restricted stock which are excluded from the table above 581 773 598 819 In calculating diluted net loss per common share for the three and six months ended October 31, 2023 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 antidilutive. This occurs when a net loss is reported and the effect of using dilutive shares is antidilutive.

Restructuring and Related Charg

Restructuring and Related Charges	6 Months Ended
	Oct. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Related Charges	Restructuring and Related Charges Global Restructuring Program Beginning in fiscal year 2023, the Company initiated a global program (Global Restructuring Program) which was expanded in fiscal year 2024 to include those actions that will focus Wiley on its leading global position in the development and application of new knowledge and drive greater profitability, growth, and cash flow. We will focus on our strongest and most profitable businesses and large market opportunities in Research and Learning, as well as streamline our organization and rightsize our cost structure to reflect these portfolio actions. This program includes severance related charges for the elimination of certain positions, the exit of certain leased office space, and the reduction of our occupancy at other facilities. Under this program, we reduced our real estate square footage occupancy by approximately 35%. The following tables summarize the pretax restructuring and related charges (credits) related to the Global Restructuring Program: Three Months Ended Six Months Ended Total Charges 2024 2023 2024 2023 Charges (Credits) by Segment: Research $ 939 $ 4,755 $ 3,262 $ 6,702 $ 13,085 Learning 110 5,859 337 6,077 19,589 Held for Sale or Sold 125 2,022 (117) 4,645 12,995 Corporate Expenses 2,507 12,119 7,748 19,111 75,997 Total Restructuring and Related Charges $ 3,681 $ 24,755 $ 11,230 $ 36,535 $ 121,666 Charges (Credits) by Activity: Severance and termination benefits $ 2,244 $ 18,619 $ 8,026 $ 24,563 $ 62,409 Impairment of operating lease ROU assets and property and equipment — — — 1,575 22,739 Acceleration of expense related to operating lease ROU assets and property and equipment — 152 — 516 6,288 Facility related charges, net 1,365 558 2,767 1,387 11,171 Consulting (credits) costs (116) 3,966 (672) 5,789 10,580 Other activities 188 1,460 1,109 2,705 8,479 Total Restructuring and Related Charges $ 3,681 $ 24,755 $ 11,230 $ 36,535 $ 121,666 The severance related charges are for certain employees affected by the reduction in force under this program who are entitled to severance payments and certain termination benefits. The impairment charges include the impairment of operating lease ROU assets related to certain leases that will be subleased, and the related property and equipment described further below. In the six months ended October 31, 2023, these charges were recorded in the Research segment. 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 the operating lease ROU assets and the property and equipment immediately subsequent to the impairment was $0.9 million in the six months ended October 31, 2023 and was categorized as Level 3 within the fair value hierarchy. In the three and six months ended October 31, 2023, the acceleration of expense includes the acceleration of rent expense associated with operating lease ROU assets related to certain leases that will be abandoned or terminated, and the related depreciation and amortization of property and equipment. In addition, we incurred ongoing facility-related costs associated with certain properties, consulting costs (credits), and other costs for other activities, which includes relocation and other employee related costs. In the three and six months ended October 31, 2024, the credits in consulting costs are due to changes in the estimates for previously accrued costs. The following table summarizes the activity for the Global Restructuring Program liability for the six months ended October 31, 2024: April 30, 2024 Charges (Credits) Payments Foreign Translation & Other Adjustments October 31, 2024 Severance and termination benefits $ 5,396 $ 8,026 $ (7,593) $ (890) $ 4,939 Consulting costs (credits) 1,794 (672) (1,280) 1 (157) Other activities 1,879 1,109 (1,901) (663) 424 Total $ 9,069 $ 8,463 $ (10,774) $ (1,552) $ 5,206 Approximately $3.9 million of the restructuring liability for accrued severance and termination benefits is reflected in Accrued employment costs and approximately $1.0 million is reflected in Other long-term liabilities on our Unaudited Condensed Consolidated Statement of Financial Position. The liabilities for Consulting costs and Other activities are reflected in Other accrued liabilities on our Unaudited Condensed Consolidated Statement of Financial Position . Business Optimization Program For the three and six months ended October 31, 2024 , we recorded net pretax restructuring credits of $(0.1) million and $(3.7) million, respectively, related to this program. The net credits in the six months ended October 31, 2024 are primarily due to the termination of a portion of a lease that was previously impaired in our Corporate Expenses category. For the three and six months ended October 31, 2023 , we recorded pretax restructuring charges of $0.3 million and $0.7 million, respectively, related to this program. As of fiscal year 2023, we substantially completed this program and we have no restructuring liability outstanding. We currently anticipate immaterial ongoing facility charges and do not anticipate any further material charges related to the Business Optimization Program.

Segment Information

Segment Information	6 Months Ended
	Oct. 31, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information We report our segment information in accordance with the provisions of ASC Topic 280, “Segment Reporting.” These segments reflect the way our chief operating decision maker (CODM) evaluates our business performance, manages the operations, makes operating decisions, and allocates resources. The performance metric used by our chief operating decision maker to evaluate performance of our reportable segments is Adjusted Operating Income. Our segment reporting structure consists of three operating and reportable segments, which are listed below, as well as a Corporate expense category, which includes certain costs that are not allocated to the reportable segments: • Research • Learning • Held for Sale or Sold Segment information is as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Revenue : Research $ 261,885 $ 257,670 $ 527,194 $ 515,474 Learning 161,514 148,940 285,828 258,260 Held for Sale or Sold 3,196 86,198 17,382 170,087 Total revenue $ 426,595 $ 492,808 $ 830,404 $ 943,821 Adjusted Operating Income (Loss): Research $ 59,527 $ 58,856 $ 114,743 $ 112,383 Learning 55,871 39,912 78,371 47,538 Held for Sale or Sold (1,059) 19,100 (3,578) 22,184 Total adjusted operating income by segment $ 114,339 $ 117,868 $ 189,536 $ 182,105 Depreciation and Amortization: Research $ 22,522 $ 22,668 $ 45,081 $ 45,880 Learning 10,897 13,974 22,191 27,526 Held for Sale or Sold (1) — — — 3,437 Total depreciation and amortization 33,419 36,642 67,272 76,843 Corporate depreciation and amortization 3,299 3,532 6,699 7,059 Total depreciation and amortization $ 36,718 $ 40,174 $ 73,971 $ 83,902 (1) We ceased to record depreciation and amortization of long-lived assets for these businesses as of the date the assets were classified as held-for-sale. The following table shows a reconciliation of our Adjusted Operating Income by Segment to Income (Loss) Before Taxes: Three Months Ended Six Months Ended 2024 2023 2024 2023 Adjusted Operating Income by Segment $ 114,339 $ 117,868 $ 189,536 $ 182,105 Adjustments: Corporate expenses (1) (46,579) (46,521) (88,933) (88,295) Impairment of goodwill (2) — — — (26,695) Restructuring and related charges (2) (3,627) (25,102) (7,497) (37,225) Interest expense (14,463) (12,937) (27,250) (24,271) Net foreign exchange transaction losses (3,328) (2,357) (3,094) (3,977) Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale 369 (51,414) 6,170 (127,343) Other income (expense), net 2,226 (1,567) 3,008 (3,052) Income (Loss) Before Taxes $ 48,937 $ (22,030) $ 71,940 $ (128,753) (1) Corporate expenses includes certain costs that are not allocated to the reportable segments. (2) See Note 9 , “Restructuring and Related Charges” and Note 12 , “Goodwill and Intangible Assets” for these charges by segment. See Note 4 , “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the three and six months ended October 31, 2024 and 2023.

Inventories

Inventories	6 Months Ended
	Oct. 31, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories, net consisted of the following: October 31, 2024 April 30, 2024 Finished goods $ 25,801 $ 24,295 Work-in-process 819 1,445 Paper and other materials 179 181 Total inventories before estimated sales returns and LIFO reserve $ 26,799 $ 25,921 Inventory value of estimated sales returns 7,839 7,833 LIFO reserve (7,535) (7,535) Inventories, net $ 27,103 $ 26,219

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The following table summarizes the activity in goodwill by segment as of October 31, 2024: April 30, 2024 (1) Foreign Translation Adjustment October 31, 2024 Research $ 607,289 $ 13,654 $ 620,943 Learning 484,079 (2,650) 481,429 Total excluding Held for Sale or Sold segment 1,091,368 11,004 1,102,372 Held for Sale or Sold — — — Total including Held for Sale or Sold segment $ 1,091,368 $ 11,004 $ 1,102,372 (1) The Held for Sale or Sold goodwill balance as of April 30, 2024 includes accumulated pretax noncash goodwill impairment of $318.2 million which reduced the goodwill of all reporting units within the Held for Sale or Sold segment to zero. Fiscal Year 2024 We recorded a goodwill impairment in the six months ended October 31, 2023 of $26.7 million. These charges are reflected in Impairment of goodwill on our Unaudited Condensed Consolidated Statements of Net Income (Loss). In the three months ended July 31, 2023, we reorganized our segments. Due to this realignment, we reallocated goodwill in the first quarter of fiscal year 2024 to our reporting units on a relative fair value basis. As a result of this realignment, we were required to test goodwill for impairment immediately before and after the realignment. Since there were no changes to the Research reportable segment, no impairment test of the Research segment goodwill was required. Prior to the realignment, the carrying value of the University Services reporting unit was above its fair value which resulted in a pretax noncash goodwill impairment of $11.4 million. Such impairment reduced the goodwill of the University Services reporting unit to zero. After the realignment, the carrying value of the CrossKnowledge reporting unit was above its fair value which resulted in a pretax noncash goodwill impairment of $15.3 million. Such impairment reduced the goodwill of the CrossKnowledge reporting unit to zero. Intangible Assets Intangible assets, net were as follows: October 31, 2024 April 30, 2024 ⁽¹⁾ Intangible assets with definite lives, net: Content and publishing rights $ 419,751 $ 431,259 Customer relationships 35,689 39,709 Developed technology 16,687 19,522 Brands and trademarks 5,396 5,734 Covenants not to compete 19 34 Total intangible assets with definite lives, net 477,542 496,258 Intangible assets with indefinite lives: Brands and trademarks 37,000 37,000 Publishing rights 83,720 82,436 Total intangible assets with indefinite lives 120,720 119,436 Total intangible assets, net $ 598,262 $ 615,694 (1) The developed technology balance as of April 30, 2024 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks balance as of April 30, 2024 is net of accumulated impairments of $93.1 million.

Income Taxes

Income Taxes	6 Months Ended
	Oct. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's effective income tax rate for the three and six months ended October 31, 2024, respectively, was 17.3% and 45.8% compared with 11.7% and 13.2% for the three and six months ended October 31, 2023, respectively. The change in the effective income tax rate for the three and six months ended October 31, 2024 compared to the three and six months ended October 31, 2023 was primarily driven by US ordinary losses in the period ended October 31, 2024 for which it is more likely than not that no tax benefit can be recognized as a result of the valuation allowance recorded against the net deferred tax assets.

Retirement Plans

Retirement Plans	6 Months Ended
	Oct. 31, 2024
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans The components of net pension expense for our defined benefit plans were as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Service cost $ 138 $ 132 $ 304 $ 266 Interest cost 7,043 6,872 14,171 13,819 Expected return on plan assets (6,883) (7,398) (13,851) (14,889) Amortization of prior service cost (22) (24) (41) (47) Amortization of net actuarial loss 2,031 2,000 4,090 4,026 Curtailment/settlement (credit) (180) — (180) — Net pension expense $ 2,127 $ 1,582 $ 4,493 $ 3,175 In the three months ended October 31, 2024, due to the sale of the CrossKnowledge business, there was a curtailment and a settlement credit due to the divestment of the CrossKnowledge Pension Plan of $0.2 million which is primarily reflected in Other income (expense), net on our Unaudited Condensed Consolidated Statements of Net Income (Loss). The service cost component of net pension expense is reflected in Operating and administrative expenses on our Unaudited Condensed Consolidated Statements of Net Income (Loss). The other components of net pension expense are reported separately from the service cost component and below Operating income. Such amounts are reflected in Other income (expense), net on our Unaudited Condensed Consolidated Statements of Net Income (Loss). Employer defined benefit pension plan contributions were $3.9 million and $7.5 million for the three and six months ended October 31, 2024, respectively and $3.6 million and $7.7 million for the three and six months ended October 31, 2023, respectively. Defined Contribution Savings Plans The expense for employer defined contribution savings plans was $5.1 million and $12.4 million for the three and six months ended October 31, 2024, respectively and $6.7 million and $14.4 million for the three and six months ended October 31, 2023, respectively.

Debt and Available Credit Facil

Debt and Available Credit Facilities	6 Months Ended
	Oct. 31, 2024
Debt Disclosure [Abstract]
Debt and Available Credit Facilities	Debt and Available Credit Facilities Our total debt outstanding consisted of the amounts set forth in the following table: October 31, 2024 April 30, 2024 Short-term portion of long-term debt (1) $ 10,000 $ 7,500 Term loan A - Amended and Restated CA (2) 179,499 184,418 Revolving credit facility - Amended and Restated CA 771,511 582,678 Total long-term debt, less current portion 951,010 767,096 Total debt $ 961,010 $ 774,596 (1) Relates to our term loan A under the Amended and Restated CA. (2) Amounts are shown net of unamortized issuance costs of $0.5 million as of October 31, 2024 and $0.6 million as of April 30, 2024. Amended and Restated CA On November 30, 2022, we entered into the second amendment to the Third Amended and Restated Credit Agreement (collectively, the Amended and Restated CA). The Amended and Restated CA provided for senior unsecured credit facilities comprised of (i) a five-year revolving credit facility in an aggregate principal amount up to $1.115 billion, which matures November 2027, (ii) a five-year term loan A facility consisting of $200 million, which matures November 2027, and (iii) $185 million aggregate principal amount revolving credit facility which matured in May 2024. Under the terms of the Amended and Restated CA, which can be drawn in multiple currencies, we have the option of borrowing at the following floating interest rates depending on the currency borrowed: (i) at a rate based on the US Secured Overnight Financing Rate (SOFR), the Sterling Overnight Index Average Rate (SONIA) or a EURIBOR-based rate, each rate 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. With respect to SOFR loans, there is a SOFR adjustment of between 0.10% and 0.25% depending on the duration of the loan. 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 Daily SOFR 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 Amended and Restated CA ranging from 0.15% to 0.25% depending on our consolidated net leverage ratio. We also have the option to request an increase in the revolving credit facility by an amount not to exceed $500 million, in minimum increments of $50 million, subject to the approval of the lenders. The Amended and Restated CA contains certain customary affirmative and negative covenants, including a financial covenant in the form of a consolidated net leverage ratio and consolidated interest coverage ratio, which we were in compliance with as of October 31, 2024. The amortization expense of the costs incurred related to the Amended and Restated CA related to the lender and non-lender fees is recognized over a five-year term for credit commitments that mature in November 2027 and an 18-month term for credit commitments that matured in May 2024. Total amortization expense included in Interest expense on our Unaudited Condensed Consolidated Statements of Net Income (Loss) is as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Amortization expense $ 284 $ 310 $ 577 $ 620 Lines of Credit We have other lines of credit aggregating $1.0 million at various interest rates. There were no outstanding borrowings under these credit lines at October 31, 2024 and April 30, 2024. As of October 31, 2024, our total available lines of credit including the Amended and Restated RCA were approximately $1,305.8 million, of which approximately $344.3 million was unused. We had letters of credit of $0.2 million outstanding under the Amended and Restated CA, and the aggregate stated amount outstanding of these letter of credits reduces the total borrowing base available under the Amended and Restated CA. The weighted average interest rates on total debt outstanding during the three and six months ended October 31, 2024 were 6.09% and 6.11%, respectively. The weighted average interest rates on total debt outstanding during the three and six months ended October 31, 2023 were 5.61% and 5.45%, respectively. As of October 31, 2024 and April 30, 2024, the weighted average interest rates for total debt were 6.03% and 6.07%, respectively. Based on estimates of interest rates currently available to us for loans with similar terms and maturities, the fair value of our debt approximates its carrying value.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Oct. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities From time to time, we enter into foreign exchange forward and interest rate swap contracts as a hedge against foreign currency asset and liability commitments, changes in interest rates, and anticipated transaction exposures, including intercompany purchases. All derivatives are recognized as assets or liabilities and measured at fair value. Derivatives that are not determined to be effective hedges are adjusted to fair value with a corresponding adjustment to earnings. We do not use financial instruments for trading or speculative purposes. Interest Rate Contracts As of October 31, 2024, we had total debt outstanding of $961.0 million, net of unamortized issuance costs of $0.5 million. The $961.5 million of debt outstanding are variable rate loans under the Amended and Restated CA. The carrying value of the debt approximates fair value. As of October 31, 2024 and April 30, 2024, the interest rate swap agreements we maintained were designated as fully effective cash flow hedges as defined under ASC Topic 815, “Derivatives and Hedging.” As a result, the impact on our Unaudited Condensed Consolidated Statements of Net Income (Loss) from changes in the fair value of the interest rate swaps was fully offset by changes in the interest expense on the underlying variable rate debt instruments. It is management’s intention that the notional amount of interest rate swaps be less than the variable rate loans outstanding during the life of the derivatives. The following table summarizes our interest rate swaps designated as cash flow hedges: Notional Amount Hedged Item Date entered into Nature of Swap October 31, 2024 April 30, 2024 Fixed Interest Rate Variable Interest Rate Amended and Restated CA May 15, 2024 Pay fixed/receive variable $ 50,000 $ — 4.288 % 1-month SOFR reset every month for a 3-year period ending July 15, 2027 Amended and Restated CA (1) April 09, 2024 Pay fixed/receive variable 50,000 50,000 4.243 % 1-month SOFR reset every month for a 3-year period ending July 15, 2027 Amended and Restated CA January 31, 2024 Pay fixed/receive variable 50,000 50,000 3.700 % 1-month SOFR reset every month for a 3-year period ending April 15, 2027 Amended and Restated CA January 24, 2024 Pay fixed/receive variable 50,000 50,000 3.774 % 1-month SOFR reset every month for a 3-year period ending April 15, 2027 Amended and Restated CA January 05, 2024 Pay fixed/receive variable 50,000 50,000 3.689 % 1-month SOFR reset every month for a 3-year period ending April 15, 2027 Amended and Restated CA December 19, 2023 Pay fixed/receive variable 50,000 50,000 3.850 % 1-month SOFR reset every month for a 3-year period ending January 15, 2027 Amended and Restated CA March 15, 2023 Pay fixed/receive variable 50,000 50,000 3.565 % 1-month SOFR reset every month for a 3-year period ending April 15, 2026 Amended and Restated CA March 14, 2023 Pay fixed/receive variable 50,000 50,000 4.053 % 1-month SOFR reset every month for a 3-year period ending March 15, 2026 Amended and Restated CA March 13, 2023 Pay fixed/receive variable 50,000 50,000 3.720 % 1-month SOFR reset every month for a 3-year period ending March 15, 2026 Amended and Restated CA December 13, 2022 Pay fixed/receive variable 50,000 50,000 3.772 % 1-month SOFR reset every month for a 3-year period ending December 15, 2025 Amended and Restated CA June 16, 2022 Pay fixed/receive variable — 100,000 3.467 % 1-month SOFR reset every month for a 2-year period ending May 15, 2024 $ 500,000 $ 550,000 (1) As of April 30, 2024, this interest rate swap agreement was considered a forward starting contract as the effective date was July 15, 2024. 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. T he fair value of our interest rate swaps designated as cash flow hedges are reflected on our Unaudited Condensed Consolidated Statements of Financial Position as follows: Asset (Liability) Balance Sheet Location October 31, 2024 April 30, 2024 Current asset portion Prepaid expenses and other current assets $ — $ 154 Non-current asset portion Other non-current assets 1,296 9,686 Non-current liability portion Other long-term liabilities (1,114) — Total cash flow hedges $ 182 $ 9,840 The effect of our interest rate swaps on our Unaudited Condensed Consolidated Statements of Other Comprehensive Income (Loss) and Unaudited Condensed Consolidated Statements of Net Income (Loss) are as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Amount of pretax gains (losses) recognized in Other comprehensive income (loss) $ 210 $ 1,801 $ (6,150) $ 8,092 Amount of pretax gains reclassified from Accumulated other comprehensive loss into Interest expense $ 1,656 $ 3,186 $ 3,371 $ 6,071 Foreign Currency Contracts We may enter into foreign currency forward contracts to manage our exposure on certain foreign currency denominated assets and liabilities. The foreign currency forward exchange contracts are marked to market through Net foreign exchange transaction losses on our Unaudited Condensed Consolidated Statements of Net Income (Loss) 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 Net foreign exchange transaction losses on our Unaudited Condensed Consolidated Statements of Net Income (Loss). As of October 31, 2024, and April 30, 2024, we did not maintain any open foreign currency forward contracts. In addition, we did not maintain any open foreign currency forward contracts during the six months ended October 31, 2024 and 2023.

Capital Stock and Changes in Ca

Capital Stock and Changes in Capital Accounts	6 Months Ended
	Oct. 31, 2024
Stockholders' Equity Note [Abstract]
Capital Stock and Changes in Capital Accounts	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 Six Months Ended 2024 2023 2024 2023 Shares repurchased - Class A 261 367 556 668 Shares repurchased - Class B 1 1 1 1 Average Price - Class A and Class B $ 47.76 $ 33.97 $ 44.89 $ 33.64 The cost of shares repurchased may differ from the repurchases of treasury shares in the Unaudited Condensed Consolidated Statements of Cash Flows due to excise taxes incurred on share repurchases. Dividends We declared and paid quarterly cash dividends on our Class A and Class B Common Stock for a total of $38.3 million and $38.7 million in the six months ended October 31, 2024 and 2023 , respectively. Changes in Common Stock The following is a summary of changes during the six months ended October 31, in shares of our common stock and common stock in treasury (shares in thousands): Changes in Class A Common Stock: 2024 2023 Number of shares, beginning of year 70,259 70,231 Common stock class conversions 24 3 Number of shares issued, end of period 70,283 70,234 Changes in Class A Common Stock in treasury: Number of shares held, beginning of year 24,828 23,983 Restricted shares issued under stock-based compensation plans (256) (384) Impact of tax withholding on stock-based compensation and other 96 126 Purchases of treasury shares 556 668 Number of shares held, end of period 25,224 24,393 Number of Class A Common Stock outstanding, end of period 45,059 45,841 Changes in Class B Common Stock: 2024 2023 Number of shares, beginning of year 12,923 12,951 Common stock class conversions (24) (3) Number of shares issued, end of period 12,899 12,948 Changes in Class B Common Stock in treasury: Number of shares held, beginning of year 3,928 3,925 Purchases of treasury shares 1 1 Number of shares held, end of period 3,929 3,926 Number of Class B Common Stock outstanding, end of period 8,970 9,022

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Oct. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings 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 October 31, 2024, will not have a material effect upon our consolidated financial condition or results of operations.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Pay vs Performance Disclosure
Net income (loss)	$ 40,458	$ (19,445)	$ 39,022	$ (111,709)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Oct. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Recent Accounting Standards (Po

Recent Accounting Standards (Policies)	6 Months Ended
	Oct. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Basis of Presentation	Basis of Presentation Throughout this report, when we refer to “Wiley,” the “Company,” “we,” “our,” or “us,” we are referring to John Wiley & Sons, Inc. and all our subsidiaries, except where the context indicates otherwise. Our Unaudited Condensed Consolidated Financial Statements include all the accounts of the Company and our subsidiaries. We have eliminated all 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 state fairly the Unaudited Condensed Consolidated Financial Condition, Results of Operations, Comprehensive Income (Loss) 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 presented in United States (US) dollars, unless otherwise specified. 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, 2024 as filed with the SEC on June 26, 2024 (2024 Form 10-K).
Recently Adopted and Issued Accounting Standards	Recently Adopted Accounting Standards There were no recently adopted accounting standards which would have a material impact on our condensed consolidated financial statements. Recently Issued Accounting Standards Disaggregation of Income Statement Expenses In November 2024 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2024-03, “ Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40), Disaggregation of Income Statement Expenses.” This ASU requires disclosure about specific types of expenses included in expense captions including purchases of inventory, employee compensation, depreciation, amortization, and depletion. This ASU is effective for our annual disclosures starting fiscal year 2028 and interim periods starting in fiscal year 2029. Early adoption is permitted. A public entity should apply the amendments in this ASU on a prospective basis with the option to apply the standard retrospectively. The Company is currently evaluating this ASU to determine its impact on the Company's disclosures. Improvements to Income Tax Disclosures In December 2023 the FASB issued ASU 2023-09, “Income Taxes (Topic 740) - Improvements to Income Tax Disclosures.” This ASU enhances the transparency, effectiveness and comparability of income tax disclosures by requiring consistent categories and greater disaggregation of information related to income tax rate reconciliations and the jurisdictions in which income taxes are paid. This ASU is effective for our annual disclosures starting fiscal year 2026. Early adoption is permitted. A public entity should apply the amendments in this ASU on a prospective basis with the option to apply the standard retrospectively. The Company is currently evaluating this ASU to determine its impact on the Company's disclosures. Segment Reporting - Improvements to Reportable Segment Disclosures
Revenue from Contract with Customer	Research Total Research revenue was $261.9 million and $527.2 million in the three and six months ended October 31, 2024, respectively. Research products are sold and distributed globally through multiple channels. The majority of revenue generated from Research products is recognized over time. 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 $222.7 million and $453.6 million in the three and six months ended October 31, 2024, respectively, and the majority is recognized over time. In both the three and six months ended October 31, 2024, Research Publishing products generated approximately 88% of their 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 and other revenue streams. Research Solutions Products and Services Research Solutions revenue was $39.2 million and $73.6 million in the three and six months ended October 31, 2024, respectively, and the majority is recognized over time. Research Solutions products and services generated approximately 56% and 53% of their revenue in the three and six months ended October 31, 2024, respectively, from contracts with customers that include corporate solutions such as job board software and career center services, marketing and education services, licensing, and databases. The remainder of the revenue from contracts with customers includes platforms that enable scholarly and professional societies and publishers to deliver, host, enhance, market, and manage their content, solutions to manage the submission and peer review process, and publishing and editorial services. Learning Total Learning revenue was $161.5 million and $285.8 million in the three and six months ended October 31, 2024, respectively. We disaggregated revenue by Academic and Professional to reflect the different types of products and services provided. Academic Academic products revenue was $94.8 million and $154.8 million in the three and six months ended October 31, 2024, respectively. Products and services including scientific, professional, and education print and digital books, and digital courseware to libraries, corporations, students, professionals, and researchers. Products are developed for worldwide distribution through multiple channels, including chain and online booksellers, libraries, colleges and universities, corporations, direct to consumer, websites, distributor networks and other online applications. In the three and six months ended October 31, 2024, Academic products generated approximately 55% and 57%, respectively, of their revenue from contracts with their customers for print and digital publishing, which is recognized at a point in time. Digital Courseware products in the three and six months ended October 31, 2024 generate approximately 35% and 27%, respectively, of their revenue from contracts with their customers which is recognized over time. The remainder of their revenues were from Licensing and other revenue streams, which have a mix of revenue recognized at a point in time and over time. Professional Professional products revenue was $66.7 million and $131.1 million in the three and six months ended October 31, 2024, respectively. Professional provides learning, development, publishing, and assessment services for businesses and professionals. Our trade publishing produces professional books, which includes business and finance, technology, professional development for educators, test preparation books and other professional categories, as well as the For Dummies ® brand. Products are sold to brick-and-mortar and online retailers, wholesalers who supply such bookstores, college bookstores, individual practitioners, corporations, and government agencies. In the three and six months ended October 31, 2024, Professional products generated approximately 56% and 54%, respectively, of their revenue from contracts with their customers for trade print and digital publishing, which is recognized at a point in time. Our assessments offering in the three and six months ended October 31, 2024 generates approximately 32% and 30%, respectively, of their revenue from contracts with their customers which has a mix of revenue recognized at a point in time and over time. The remainder of Professional revenues were from Licensing and other revenue streams, which has a mix of revenue recognized at a point in time and over time. Held for Sale or Sold Held for Sale or Sold revenue was $3.2 million and $17.4 million in the three and six months ended October 31, 2024, respectively. Wiley Edge was sold on May 31, 2024 with exception of its India operations which sold on August 31, 2024. Wiley Edge previously sourced, trained, and prepared aspiring students and professionals to meet the skill needs of today’s technology careers, and then places them with some of the world's largest financial institutions, technology companies, and government agencies. Wiley Edge revenue was recognized at the point in time the services were provided to its customers. CrossKnowledge was sold on August 31, 2024. CrossKnowledge services previously included corporate learning online learning and training solutions for global corporations, universities, and small and medium-sized enterprises sold on a subscription or fee basis. CrossKnowledge revenue was recognized over time. Held for Sale or Sold also includes the revenue associated with those businesses which were sold in fiscal year 2024 which includes University Services which was sold on January 1, 2024 and Tuition Manager which was sold on May 31, 2023. 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.

Divestitures (Tables)

Divestitures (Tables)	6 Months Ended
	Oct. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations	For the three and six months ended October 31, 2024 and 2023, we recorded net pretax gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Wiley Edge $ 956 $ — $ 788 $ — University Services — (34,807) 1,489 (75,466) Tuition Manager — 568 120 (1,500) CrossKnowledge (438) (17,175) 3,922 (50,377) Sale of assets (149) — (149) — Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale $ 369 $ (51,414) $ 6,170 $ (127,343) The major categories of assets and liabilities that have been classified as held-for-sale on the Unaudited Condensed Consolidated Statement of Financial Position as of April 30, 2024 were as follows: Cross Knowledge Wiley Edge Total Assets held-for-sale: Current assets Cash and cash equivalents $ 6,305 $ 9,887 $ 16,192 Accounts receivable, net 12,914 13,897 26,811 Prepaid expenses and other current assets 3,780 5,548 9,328 Valuation allowance (17,909) — (17,909) Total current assets held-for-sale $ 5,090 $ 29,332 $ 34,422 Technology, property and equipment, net 3,786 2,888 6,674 Intangible assets, net 17,777 34,612 52,389 Operating lease right-of-use assets 1,091 1,008 2,099 Other non-current assets 14,877 53 14,930 Valuation allowance (37,531) (19,401) (56,932) Total non-current assets held-for-sale $ — $ 19,160 $ 19,160 Liabilities held-for-sale: Current liabilities Accounts payable $ 494 $ — $ 494 Accrued royalties 268 — 268 Contract liabilities 16,796 — 16,796 Accrued employment costs 7,805 3,990 11,795 Short-term portion of operating lease liabilities 319 468 787 Other accrued liabilities 2,762 4,730 7,492 Total current liabilities held-for-sale $ 28,444 $ 9,188 $ 37,632 Accrued pension liability 1,037 — 1,037 Deferred income tax liabilities 4,420 4,448 8,868 Operating lease liabilities 251 159 410 Other long-term liabilities 694 228 922 Total long-term liabilities held-for-sale $ 6,402 $ 4,835 $ 11,237
Schedule of Cash and Cash Equivalents	The major categories of assets and liabilities that have been classified as held-for-sale on the Unaudited Condensed Consolidated Statement of Financial Position as of April 30, 2024 were as follows: Cross Knowledge Wiley Edge Total Assets held-for-sale: Current assets Cash and cash equivalents $ 6,305 $ 9,887 $ 16,192 Accounts receivable, net 12,914 13,897 26,811 Prepaid expenses and other current assets 3,780 5,548 9,328 Valuation allowance (17,909) — (17,909) Total current assets held-for-sale $ 5,090 $ 29,332 $ 34,422 Technology, property and equipment, net 3,786 2,888 6,674 Intangible assets, net 17,777 34,612 52,389 Operating lease right-of-use assets 1,091 1,008 2,099 Other non-current assets 14,877 53 14,930 Valuation allowance (37,531) (19,401) (56,932) Total non-current assets held-for-sale $ — $ 19,160 $ 19,160 Liabilities held-for-sale: Current liabilities Accounts payable $ 494 $ — $ 494 Accrued royalties 268 — 268 Contract liabilities 16,796 — 16,796 Accrued employment costs 7,805 3,990 11,795 Short-term portion of operating lease liabilities 319 468 787 Other accrued liabilities 2,762 4,730 7,492 Total current liabilities held-for-sale $ 28,444 $ 9,188 $ 37,632 Accrued pension liability 1,037 — 1,037 Deferred income tax liabilities 4,420 4,448 8,868 Operating lease liabilities 251 159 410 Other long-term liabilities 694 228 922 Total long-term liabilities held-for-sale $ 6,402 $ 4,835 $ 11,237
Schedule of Restrictions on Cash and Cash Equivalents	The major categories of assets and liabilities that have been classified as held-for-sale on the Unaudited Condensed Consolidated Statement of Financial Position as of April 30, 2024 were as follows: Cross Knowledge Wiley Edge Total Assets held-for-sale: Current assets Cash and cash equivalents $ 6,305 $ 9,887 $ 16,192 Accounts receivable, net 12,914 13,897 26,811 Prepaid expenses and other current assets 3,780 5,548 9,328 Valuation allowance (17,909) — (17,909) Total current assets held-for-sale $ 5,090 $ 29,332 $ 34,422 Technology, property and equipment, net 3,786 2,888 6,674 Intangible assets, net 17,777 34,612 52,389 Operating lease right-of-use assets 1,091 1,008 2,099 Other non-current assets 14,877 53 14,930 Valuation allowance (37,531) (19,401) (56,932) Total non-current assets held-for-sale $ — $ 19,160 $ 19,160 Liabilities held-for-sale: Current liabilities Accounts payable $ 494 $ — $ 494 Accrued royalties 268 — 268 Contract liabilities 16,796 — 16,796 Accrued employment costs 7,805 3,990 11,795 Short-term portion of operating lease liabilities 319 468 787 Other accrued liabilities 2,762 4,730 7,492 Total current liabilities held-for-sale $ 28,444 $ 9,188 $ 37,632 Accrued pension liability 1,037 — 1,037 Deferred income tax liabilities 4,420 4,448 8,868 Operating lease liabilities 251 159 410 Other long-term liabilities 694 228 922 Total long-term liabilities held-for-sale $ 6,402 $ 4,835 $ 11,237

Revenue Recognition, Contract_2

Revenue Recognition, Contracts with Customers (Tables)	6 Months Ended
	Oct. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of 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 Six Months Ended 2024 2023 2024 2023 Research: Research Publishing $ 222,667 $ 219,743 $ 453,618 $ 442,743 Research Solutions 39,218 37,927 73,576 72,731 Total Research 261,885 257,670 527,194 515,474 Learning: Academic 94,788 89,125 154,752 137,417 Professional 66,726 59,815 131,076 120,843 Total Learning 161,514 148,940 285,828 258,260 Held for Sale or Sold 3,196 86,198 17,382 170,087 Total Revenue $ 426,595 $ 492,808 $ 830,404 $ 943,821
Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable	The following table provides information about accounts receivable, net and contract liabilities from contracts with customers. October 31, 2024 April 30, 2024 Increase/ Balances from contracts with customers: Accounts receivable, net $ 183,015 $ 224,198 $ (41,183) Contract liabilities (1) 241,488 483,778 (242,290) Contract liabilities (included in Other long-term liabilities) $ 22,202 $ 14,819 $ 7,383 (1) The sales return reserve recorded in Contract liabilities is $24.7 million and $25.4 million, as of October 31, 2024 and April 30, 2024, respectively.
Schedule of Amortization Expense Related to Assets Within Cost of Sales	We recorded amortization expense related to these assets within Cost of sales on our Unaudited Condensed Consolidated Statements of Net Income (Loss) as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Amortization expense $ 277 $ 1,015 $ 583 $ 2,665
Schedule of Shipping and Handling Cost	Costs incurred for third party shipping and handling are primarily reflected in Operating and administrative expenses on our Unaudited Condensed Consolidated Statements of Net Income (Loss) and were incurred as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Shipping and handling costs $ 6,098 $ 6,471 $ 11,912 $ 13,132

Operating Leases (Tables)

Operating Leases (Tables)	6 Months Ended
	Oct. 31, 2024
Leases [Abstract]
Schedule of ROU Assets and Liabilities	For operating leases, the ROU assets and liabilities are presented on our Unaudited Condensed Consolidated Statements of Financial Position as follows: October 31, 2024 April 30, 2024 Operating lease ROU assets $ 70,527 $ 69,074 Short-term portion of operating lease liabilities 18,080 18,294 Operating lease liabilities, non-current $ 88,403 $ 94,386
Schedule of Total Net Lease Costs	Our total net lease costs are as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Operating lease cost $ 3,673 $ 3,855 $ 7,128 $ 7,938 Variable lease cost 212 297 455 582 Short-term lease cost 82 292 214 570 Sublease income (118) (218) (407) (421) Total net lease cost (1) $ 3,849 $ 4,226 $ 7,390 $ 8,669 (1) Total net lease cost does not include those costs and sublease income for operating leases we had identified as part of our restructuring programs that would be subleased. The costs and sublease income for those leases are included in Restructuring and related charges on our Unaudited Condensed Consolidated Statements of Net Income (Loss). See Note 9 , “Restructuring and Related Charges” for more information on these programs.
Schedule of Other Supplemental Information for Operating Leases	Other supplemental information includes the following: Six Months Ended 2024 2023 Weighted-average remaining contractual lease term (years) 7 8 Weighted-average discount rate 6.13 % 6.01 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 10,741 $ 13,117 Operating lease liabilities arising from obtaining ROU assets $ 447 $ 466
Schedule of Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities	The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in our Unaudited Condensed Consolidated Statement of Financial Position as of October 31, 2024: Fiscal Year Operating Lease 2025 (remaining 6 months) $ 11,915 2026 22,442 2027 18,051 2028 14,622 2029 14,489 Thereafter 50,362 Total future undiscounted minimum lease payments 131,881 Less: Imputed interest 25,398 Present value of minimum lease payments 106,483 Less: Current portion 18,080 Noncurrent portion $ 88,403

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Oct. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Compensation Employee Stock Purchase Plan Activity	We recognized stock-based compensation expense, on a pretax basis, as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Stock-based compensation expense $ 6,034 $ 6,515 $ 12,002 $ 12,801
Schedule of Nonvested Restricted Stock Shares Activity	The following table summarizes awards we granted to employees (shares in thousands): Six Months Ended 2024 2023 Restricted Stock: Awards granted (shares) 708 825 Weighted average fair value of grant $ 43.01 $ 31.66
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following table provides the estimated weighted average fair value for options granted during the six months ended October 31, 2023 using the Black-Scholes option-pricing model, and the significant weighted average assumptions used in their determination. Six Months Ended 2023 Weighted average fair value of options on grant date $ 7.94 Weighted average assumptions: Expected life of options (years) 6.3 Risk-free interest rate 3.9 % Expected volatility 33.5 % Expected dividend yield 4.3 % Fair value of common stock on grant date $ 32.68 Exercise price of stock option grant $ 32.68

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Oct. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax	Changes in Accumulated other comprehensive loss by component, net of tax, for the three and six months ended October 31, 2024 and 2023 were as follows: Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at July 31, 2024 $ (318,864) $ (202,962) $ (1,766) $ (523,592) Other comprehensive income (loss) before reclassifications 4,717 (1,142) 189 3,764 Amounts reclassified from accumulated other comprehensive loss 23,227 1,536 (1,243) 23,520 Total other comprehensive income (loss) 27,944 394 (1,054) 27,284 Balance at October 31, 2024 $ (290,920) $ (202,568) $ (2,820) $ (496,308) Balance at April 30, 2024 $ (333,827) $ (200,922) $ 6,310 $ (528,439) Other comprehensive income (loss) before reclassifications 19,680 (4,691) (6,599) 8,390 Amounts reclassified from accumulated other comprehensive loss 23,227 3,045 (2,531) 23,741 Total other comprehensive income (loss) 42,907 (1,646) (9,130) 32,131 Balance at October 31, 2024 $ (290,920) $ (202,568) $ (2,820) $ (496,308) Foreign Currency Translation Unamortized Retirement Costs Interest Rate Swaps Total Balance at July 31, 2023 $ (315,172) $ (208,643) $ 6,770 $ (517,045) Other comprehensive (loss) income before reclassifications (33,865) 8,528 1,337 (24,000) Amounts reclassified from accumulated other comprehensive loss — 1,466 (2,391) (925) Total other comprehensive (loss) income (33,865) 9,994 (1,054) (24,925) Balance at October 31, 2023 $ (349,037) $ (198,649) $ 5,716 $ (541,970) Balance at April 30, 2023 $ (326,346) $ (206,806) $ 4,250 $ (528,902) Other comprehensive (loss) income before reclassifications (22,691) 5,204 6,034 (11,453) Amounts reclassified from accumulated other comprehensive loss — 2,953 (4,568) (1,615) Total other comprehensive (loss) income (22,691) 8,157 1,466 (13,068) Balance at October 31, 2023 $ (349,037) $ (198,649) $ 5,716 $ (541,970) In connection with the sale of Wiley Edge and CrossKnowledge, in the three and six months ended October 31, 2024, we reclassified $23.2 million of cumulative translation adjustments out of Accumulated Other Comprehensive Loss and included in the Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale in our Unaudited Condensed Consolidated Statements of Net Income (Loss).

Reconciliation of Weighted Av_2

Reconciliation of Weighted Average Shares Outstanding (Tables)	6 Months Ended
	Oct. 31, 2024
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	A reconciliation of the shares used in the computation of earnings (loss) per share follows (shares in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Weighted average shares outstanding 54,191 55,102 54,284 55,186 Shares used for basic earnings (loss) per share 54,191 55,102 54,284 55,186 Dilutive effect of unvested restricted stock units and other stock awards 659 — 644 — Shares used for diluted earnings (loss) per share 54,850 55,102 54,928 55,186 Antidilutive options to purchase Class A common shares, restricted shares, and contingently issuable restricted stock which are excluded from the table above 581 773 598 819

Restructuring and Related Cha_2

Restructuring and Related Charges (Tables)	6 Months Ended
	Oct. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs	The following tables summarize the pretax restructuring and related charges (credits) related to the Global Restructuring Program: Three Months Ended Six Months Ended Total Charges 2024 2023 2024 2023 Charges (Credits) by Segment: Research $ 939 $ 4,755 $ 3,262 $ 6,702 $ 13,085 Learning 110 5,859 337 6,077 19,589 Held for Sale or Sold 125 2,022 (117) 4,645 12,995 Corporate Expenses 2,507 12,119 7,748 19,111 75,997 Total Restructuring and Related Charges $ 3,681 $ 24,755 $ 11,230 $ 36,535 $ 121,666 Charges (Credits) by Activity: Severance and termination benefits $ 2,244 $ 18,619 $ 8,026 $ 24,563 $ 62,409 Impairment of operating lease ROU assets and property and equipment — — — 1,575 22,739 Acceleration of expense related to operating lease ROU assets and property and equipment — 152 — 516 6,288 Facility related charges, net 1,365 558 2,767 1,387 11,171 Consulting (credits) costs (116) 3,966 (672) 5,789 10,580 Other activities 188 1,460 1,109 2,705 8,479 Total Restructuring and Related Charges $ 3,681 $ 24,755 $ 11,230 $ 36,535 $ 121,666
Schedule of Activity for Restructuring Liability	The following table summarizes the activity for the Global Restructuring Program liability for the six months ended October 31, 2024: April 30, 2024 Charges (Credits) Payments Foreign Translation & Other Adjustments October 31, 2024 Severance and termination benefits $ 5,396 $ 8,026 $ (7,593) $ (890) $ 4,939 Consulting costs (credits) 1,794 (672) (1,280) 1 (157) Other activities 1,879 1,109 (1,901) (663) 424 Total $ 9,069 $ 8,463 $ (10,774) $ (1,552) $ 5,206

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Oct. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Segment information is as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Revenue : Research $ 261,885 $ 257,670 $ 527,194 $ 515,474 Learning 161,514 148,940 285,828 258,260 Held for Sale or Sold 3,196 86,198 17,382 170,087 Total revenue $ 426,595 $ 492,808 $ 830,404 $ 943,821 Adjusted Operating Income (Loss): Research $ 59,527 $ 58,856 $ 114,743 $ 112,383 Learning 55,871 39,912 78,371 47,538 Held for Sale or Sold (1,059) 19,100 (3,578) 22,184 Total adjusted operating income by segment $ 114,339 $ 117,868 $ 189,536 $ 182,105 Depreciation and Amortization: Research $ 22,522 $ 22,668 $ 45,081 $ 45,880 Learning 10,897 13,974 22,191 27,526 Held for Sale or Sold (1) — — — 3,437 Total depreciation and amortization 33,419 36,642 67,272 76,843 Corporate depreciation and amortization 3,299 3,532 6,699 7,059 Total depreciation and amortization $ 36,718 $ 40,174 $ 73,971 $ 83,902 (1) We ceased to record depreciation and amortization of long-lived assets for these businesses as of the date the assets were classified as held-for-sale.
Schedule of Reconciliation of Consolidated US GAAP Operating Income to Non-GAAP Adjusted Contribution to Profit	The following table shows a reconciliation of our Adjusted Operating Income by Segment to Income (Loss) Before Taxes: Three Months Ended Six Months Ended 2024 2023 2024 2023 Adjusted Operating Income by Segment $ 114,339 $ 117,868 $ 189,536 $ 182,105 Adjustments: Corporate expenses (1) (46,579) (46,521) (88,933) (88,295) Impairment of goodwill (2) — — — (26,695) Restructuring and related charges (2) (3,627) (25,102) (7,497) (37,225) Interest expense (14,463) (12,937) (27,250) (24,271) Net foreign exchange transaction losses (3,328) (2,357) (3,094) (3,977) Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale 369 (51,414) 6,170 (127,343) Other income (expense), net 2,226 (1,567) 3,008 (3,052) Income (Loss) Before Taxes $ 48,937 $ (22,030) $ 71,940 $ (128,753) (1) Corporate expenses includes certain costs that are not allocated to the reportable segments. (2) See Note 9 , “Restructuring and Related Charges” and Note 12 , “Goodwill and Intangible Assets” for these charges by segment.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Oct. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories, net consisted of the following: October 31, 2024 April 30, 2024 Finished goods $ 25,801 $ 24,295 Work-in-process 819 1,445 Paper and other materials 179 181 Total inventories before estimated sales returns and LIFO reserve $ 26,799 $ 25,921 Inventory value of estimated sales returns 7,839 7,833 LIFO reserve (7,535) (7,535) Inventories, net $ 27,103 $ 26,219

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes the activity in goodwill by segment as of October 31, 2024: April 30, 2024 (1) Foreign Translation Adjustment October 31, 2024 Research $ 607,289 $ 13,654 $ 620,943 Learning 484,079 (2,650) 481,429 Total excluding Held for Sale or Sold segment 1,091,368 11,004 1,102,372 Held for Sale or Sold — — — Total including Held for Sale or Sold segment $ 1,091,368 $ 11,004 $ 1,102,372 (1) The Held for Sale or Sold goodwill balance as of April 30, 2024 includes accumulated pretax noncash goodwill impairment of $318.2 million which reduced the goodwill of all reporting units within the Held for Sale or Sold segment to zero.
Schedule of Intangible Assets, Net	Intangible assets, net were as follows: October 31, 2024 April 30, 2024 ⁽¹⁾ Intangible assets with definite lives, net: Content and publishing rights $ 419,751 $ 431,259 Customer relationships 35,689 39,709 Developed technology 16,687 19,522 Brands and trademarks 5,396 5,734 Covenants not to compete 19 34 Total intangible assets with definite lives, net 477,542 496,258 Intangible assets with indefinite lives: Brands and trademarks 37,000 37,000 Publishing rights 83,720 82,436 Total intangible assets with indefinite lives 120,720 119,436 Total intangible assets, net $ 598,262 $ 615,694 (1) The developed technology balance as of April 30, 2024 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks balance as of April 30, 2024 is net of accumulated impairments of $93.1 million.

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Oct. 31, 2024
Retirement Benefits [Abstract]
Schedule of Net Pension Expense for Our Defined Benefit Plans	The components of net pension expense for our defined benefit plans were as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Service cost $ 138 $ 132 $ 304 $ 266 Interest cost 7,043 6,872 14,171 13,819 Expected return on plan assets (6,883) (7,398) (13,851) (14,889) Amortization of prior service cost (22) (24) (41) (47) Amortization of net actuarial loss 2,031 2,000 4,090 4,026 Curtailment/settlement (credit) (180) — (180) — Net pension expense $ 2,127 $ 1,582 $ 4,493 $ 3,175

Debt and Available Credit Fac_2

Debt and Available Credit Facilities (Tables)	6 Months Ended
	Oct. 31, 2024
Debt Disclosure [Abstract]
Schedule of Total Debt Outstanding	Our total debt outstanding consisted of the amounts set forth in the following table: October 31, 2024 April 30, 2024 Short-term portion of long-term debt (1) $ 10,000 $ 7,500 Term loan A - Amended and Restated CA (2) 179,499 184,418 Revolving credit facility - Amended and Restated CA 771,511 582,678 Total long-term debt, less current portion 951,010 767,096 Total debt $ 961,010 $ 774,596 (1) Relates to our term loan A under the Amended and Restated CA. (2) Amounts are shown net of unamortized issuance costs of $0.5 million as of October 31, 2024 and $0.6 million as of April 30, 2024.
Schedule of Amortization Expense	Total amortization expense included in Interest expense on our Unaudited Condensed Consolidated Statements of Net Income (Loss) is as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Amortization expense $ 284 $ 310 $ 577 $ 620

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Oct. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table summarizes our interest rate swaps designated as cash flow hedges: Notional Amount Hedged Item Date entered into Nature of Swap October 31, 2024 April 30, 2024 Fixed Interest Rate Variable Interest Rate Amended and Restated CA May 15, 2024 Pay fixed/receive variable $ 50,000 $ — 4.288 % 1-month SOFR reset every month for a 3-year period ending July 15, 2027 Amended and Restated CA (1) April 09, 2024 Pay fixed/receive variable 50,000 50,000 4.243 % 1-month SOFR reset every month for a 3-year period ending July 15, 2027 Amended and Restated CA January 31, 2024 Pay fixed/receive variable 50,000 50,000 3.700 % 1-month SOFR reset every month for a 3-year period ending April 15, 2027 Amended and Restated CA January 24, 2024 Pay fixed/receive variable 50,000 50,000 3.774 % 1-month SOFR reset every month for a 3-year period ending April 15, 2027 Amended and Restated CA January 05, 2024 Pay fixed/receive variable 50,000 50,000 3.689 % 1-month SOFR reset every month for a 3-year period ending April 15, 2027 Amended and Restated CA December 19, 2023 Pay fixed/receive variable 50,000 50,000 3.850 % 1-month SOFR reset every month for a 3-year period ending January 15, 2027 Amended and Restated CA March 15, 2023 Pay fixed/receive variable 50,000 50,000 3.565 % 1-month SOFR reset every month for a 3-year period ending April 15, 2026 Amended and Restated CA March 14, 2023 Pay fixed/receive variable 50,000 50,000 4.053 % 1-month SOFR reset every month for a 3-year period ending March 15, 2026 Amended and Restated CA March 13, 2023 Pay fixed/receive variable 50,000 50,000 3.720 % 1-month SOFR reset every month for a 3-year period ending March 15, 2026 Amended and Restated CA December 13, 2022 Pay fixed/receive variable 50,000 50,000 3.772 % 1-month SOFR reset every month for a 3-year period ending December 15, 2025 Amended and Restated CA June 16, 2022 Pay fixed/receive variable — 100,000 3.467 % 1-month SOFR reset every month for a 2-year period ending May 15, 2024 $ 500,000 $ 550,000 (1) As of April 30, 2024, this interest rate swap agreement was considered a forward starting contract as the effective date was July 15, 2024.
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location	T he fair value of our interest rate swaps designated as cash flow hedges are reflected on our Unaudited Condensed Consolidated Statements of Financial Position as follows: Asset (Liability) Balance Sheet Location October 31, 2024 April 30, 2024 Current asset portion Prepaid expenses and other current assets $ — $ 154 Non-current asset portion Other non-current assets 1,296 9,686 Non-current liability portion Other long-term liabilities (1,114) — Total cash flow hedges $ 182 $ 9,840
Reclassification out of Accumulated Other Comprehensive Income	The effect of our interest rate swaps on our Unaudited Condensed Consolidated Statements of Other Comprehensive Income (Loss) and Unaudited Condensed Consolidated Statements of Net Income (Loss) are as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Amount of pretax gains (losses) recognized in Other comprehensive income (loss) $ 210 $ 1,801 $ (6,150) $ 8,092 Amount of pretax gains reclassified from Accumulated other comprehensive loss into Interest expense $ 1,656 $ 3,186 $ 3,371 $ 6,071

Capital Stock and Changes in _2

Capital Stock and Changes in Capital Accounts (Tables)	6 Months Ended
	Oct. 31, 2024
Stockholders' Equity Note [Abstract]
Schedule of Shares Repurchased	The following table summarizes the share repurchases of Class A and Class B Common Stock (shares in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Shares repurchased - Class A 261 367 556 668 Shares repurchased - Class B 1 1 1 1 Average Price - Class A and Class B $ 47.76 $ 33.97 $ 44.89 $ 33.64
Schedule of Stock by Class	The following is a summary of changes during the six months ended October 31, in shares of our common stock and common stock in treasury (shares in thousands): Changes in Class A Common Stock: 2024 2023 Number of shares, beginning of year 70,259 70,231 Common stock class conversions 24 3 Number of shares issued, end of period 70,283 70,234 Changes in Class A Common Stock in treasury: Number of shares held, beginning of year 24,828 23,983 Restricted shares issued under stock-based compensation plans (256) (384) Impact of tax withholding on stock-based compensation and other 96 126 Purchases of treasury shares 556 668 Number of shares held, end of period 25,224 24,393 Number of Class A Common Stock outstanding, end of period 45,059 45,841 Changes in Class B Common Stock: 2024 2023 Number of shares, beginning of year 12,923 12,951 Common stock class conversions (24) (3) Number of shares issued, end of period 12,899 12,948 Changes in Class B Common Stock in treasury: Number of shares held, beginning of year 3,928 3,925 Purchases of treasury shares 1 1 Number of shares held, end of period 3,929 3,926 Number of Class B Common Stock outstanding, end of period 8,970 9,022

Divestitures - Pre Tax Gain(Los

Divestitures - Pre Tax Gain(Loss) on Sale of Business and Certain Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale	$ 369	$ (51,414)	$ 6,170	$ (127,343)
Wiley Edge
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale	956	0	788	0
University Services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale	0	(34,807)	1,489	(75,466)
Tuition Manager
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale	0	568	120	(1,500)
CrossKnowledge
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale	(438)	(17,175)	3,922	(50,377)
Sale of assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale	$ (149)	$ 0	$ (149)	$ 0

Divestitures - Narrative (Detai

Divestitures - Narrative (Details) $ in Thousands			3 Months Ended			6 Months Ended		12 Months Ended
	Aug. 31, 2024 USD ($) earnout	May 31, 2024 USD ($)	Oct. 31, 2024 USD ($)	Jul. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Apr. 30, 2024 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre tax loss on sale			$ 369		$ (51,414)	$ 6,170	$ (127,343)
Net cash						8,117
Sale of assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre tax loss on sale			200
Net cash			8,500
CrossKnowledge
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre tax loss on sale			(438)		(17,175)	3,922	(50,377)
CrossKnowledge | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Selling price for disposal			3,000			3,000
Contingent consideration			1,800			1,800
Number of earnouts | earnout	2
Fair value of working capital adjustments	$ 1,200
Loss on disposal			500			51,500
CrossKnowledge | Disposed of by Sale | Prepaid Expenses and Other Current Assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Earnout			200			200
CrossKnowledge | Disposed of by Sale | Other Current Assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Earnout			1,600			1,600
CrossKnowledge | Disposed of by Sale | Earnout
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Maximum consideration	$ 25,000
CrossKnowledge | Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cumulative impairment charges, loss (gain)				$ (4,400)		51,000		$ 55,400
Reduction in net loss						3,900
Wiley Edge
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre tax loss on sale			956		0	788	0
Wiley Edge | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Selling price for disposal			38,300			38,300
Loss on disposal		$ 18,600	1,000			800
Cash consideration			10,000
Divestiture of businesses, in cash, deferred			2,500
Consideration, noncash			13,300
Wiley Edge | Disposed of by Sale | Prepaid Expenses and Other Current Assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Earnout			2,400			2,400
Wiley Edge | Disposed of by Sale | Other Current Assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Earnout			12,600			12,600
Wiley Edge | Disposed of by Sale | Earnout
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Maximum consideration		$ 34,000
Consideration, noncash			15,000
Wiley Edge | Disposed of by Sale | Inspirit Seller Note
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Stated interest rate (as a percent)		8%
Increase in interest rate		1%
Wiley Edge | Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cumulative impairment charges, loss (gain)						19,400
University Services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre tax loss on sale			0		(34,807)	1,489	(75,466)
University Services | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal						105,600
University Services | Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cumulative impairment charges, loss (gain)						1,500
Tuition Manager
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre tax loss on sale			$ 0		$ 568	120	$ (1,500)
Tuition Manager | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal						1,400
Cash received net of transaction costs						$ 100

Divestitures - Categories of As

Divestitures - Categories of Assets and Liabilities Held For Sale (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Assets held-for-sale:
Total current assets held-for-sale	$ 0	$ 34,422
Total non-current assets held-for-sale	0	19,160
Current liabilities
Total current liabilities held-for-sale	$ 0	37,632
Held-for-Sale
Assets held-for-sale:
Cash and cash equivalents		16,192
Accounts receivable, net		26,811
Prepaid expenses and other current assets		9,328
Valuation allowance		(17,909)
Total current assets held-for-sale		34,422
Technology, property and equipment, net		6,674
Intangible assets, net		52,389
Operating lease right-of-use assets		2,099
Other non-current assets		14,930
Valuation allowance		(56,932)
Total non-current assets held-for-sale		19,160
Current liabilities
Accounts payable		494
Accrued royalties		268
Contract liabilities		16,796
Accrued employment costs		11,795
Short-term portion of operating lease liabilities		787
Other accrued liabilities		7,492
Total current liabilities held-for-sale		37,632
Accrued pension liability		1,037
Deferred income tax liabilities		8,868
Operating lease liabilities		410
Other long-term liabilities		922
Total long-term liabilities held-for-sale		11,237
CrossKnowledge | Held-for-Sale
Assets held-for-sale:
Cash and cash equivalents		6,305
Accounts receivable, net		12,914
Prepaid expenses and other current assets		3,780
Valuation allowance		(17,909)
Total current assets held-for-sale		5,090
Technology, property and equipment, net		3,786
Intangible assets, net		17,777
Operating lease right-of-use assets		1,091
Other non-current assets		14,877
Valuation allowance		(37,531)
Total non-current assets held-for-sale		0
Current liabilities
Accounts payable		494
Accrued royalties		268
Contract liabilities		16,796
Accrued employment costs		7,805
Short-term portion of operating lease liabilities		319
Other accrued liabilities		2,762
Total current liabilities held-for-sale		28,444
Accrued pension liability		1,037
Deferred income tax liabilities		4,420
Operating lease liabilities		251
Other long-term liabilities		694
Total long-term liabilities held-for-sale		6,402
Wiley Edge | Held-for-Sale
Assets held-for-sale:
Cash and cash equivalents		9,887
Accounts receivable, net		13,897
Prepaid expenses and other current assets		5,548
Valuation allowance		0
Total current assets held-for-sale		29,332
Technology, property and equipment, net		2,888
Intangible assets, net		34,612
Operating lease right-of-use assets		1,008
Other non-current assets		53
Valuation allowance		(19,401)
Total non-current assets held-for-sale		19,160
Current liabilities
Accounts payable		0
Accrued royalties		0
Contract liabilities		0
Accrued employment costs		3,990
Short-term portion of operating lease liabilities		468
Other accrued liabilities		4,730
Total current liabilities held-for-sale		9,188
Accrued pension liability		0
Deferred income tax liabilities		4,448
Operating lease liabilities		159
Other long-term liabilities		228
Total long-term liabilities held-for-sale		$ 4,835

Revenue Recognition, Contract_3

Revenue Recognition, Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue, net	$ 426,595	$ 492,808	$ 830,404	$ 943,821
Operating Segments | Research
Disaggregation of Revenue [Line Items]
Revenue, net	261,885	257,670	527,194	515,474
Operating Segments | Research | Research Publishing
Disaggregation of Revenue [Line Items]
Revenue, net	222,667	219,743	453,618	442,743
Operating Segments | Research | Research Solutions
Disaggregation of Revenue [Line Items]
Revenue, net	39,218	37,927	73,576	72,731
Operating Segments | Learning
Disaggregation of Revenue [Line Items]
Revenue, net	161,514	148,940	285,828	258,260
Operating Segments | Learning | Academic
Disaggregation of Revenue [Line Items]
Revenue, net	94,788	89,125	154,752	137,417
Operating Segments | Learning | Professional
Disaggregation of Revenue [Line Items]
Revenue, net	66,726	59,815	131,076	120,843
Operating Segments | Held for Sale or Sold
Disaggregation of Revenue [Line Items]
Revenue, net	$ 3,196	$ 86,198	$ 17,382	$ 170,087

Revenue Recognition, Contract_4

Revenue Recognition, Contracts with Customers - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue, net	$ 426,595	$ 492,808	$ 830,404	$ 943,821
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations
Disaggregation of Revenue [Line Items]
Revenue from disposal group	$ 3,200		$ 17,400
Research | Research Publishing | Journal Subscriptions, Open Access and Comprehensive Agreements | Product Concentration Risk | Revenue from Contract with Customers
Disaggregation of Revenue [Line Items]
Revenue percentage	88%		88%
Research | Research Solutions | Print and Digital | Product Concentration Risk | Revenue from Contract with Customers
Disaggregation of Revenue [Line Items]
Revenue percentage	56%		53%
Learning | Academic | Print and Digital | Transferred at Point in Time | Product Concentration Risk | Revenue from Contract with Customers
Disaggregation of Revenue [Line Items]
Revenue percentage	55%		57%
Learning | Academic | Digital Courseware | Transferred over Time | Product Concentration Risk | Revenue from Contract with Customers
Disaggregation of Revenue [Line Items]
Revenue percentage	35%		27%
Learning | Professional | Print and Digital | Transferred at Point in Time | Product Concentration Risk | Revenue from Contract with Customers
Disaggregation of Revenue [Line Items]
Revenue percentage	56%		54%
Learning | Professional | Assessments Offering | Product Concentration Risk | Revenue from Contract with Customers
Disaggregation of Revenue [Line Items]
Revenue percentage	32%		30%
Operating Segments | Research
Disaggregation of Revenue [Line Items]
Revenue, net	$ 261,885	257,670	$ 527,194	515,474
Operating Segments | Research | Research Publishing
Disaggregation of Revenue [Line Items]
Revenue, net	222,667	219,743	453,618	442,743
Operating Segments | Research | Research Solutions
Disaggregation of Revenue [Line Items]
Revenue, net	39,218	37,927	73,576	72,731
Operating Segments | Learning
Disaggregation of Revenue [Line Items]
Revenue, net	161,514	148,940	285,828	258,260
Operating Segments | Learning | Academic
Disaggregation of Revenue [Line Items]
Revenue, net	94,788	89,125	154,752	137,417
Operating Segments | Learning | Professional
Disaggregation of Revenue [Line Items]
Revenue, net	$ 66,726	$ 59,815	$ 131,076	$ 120,843

Revenue Recognition, Contract_5

Revenue Recognition, Contracts with Customers - Accounts Receivable, net and Contract Liability Balances (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Apr. 30, 2024
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]
Accounts receivable, net	$ 183,015		$ 224,198
Contract liabilities	241,488		483,778
Contract liabilities (included in Other long-term liabilities)	22,202		14,819
Increase/ (Decrease)
Accounts receivable, net	(41,183)
Contract liabilities	(242,290)
Contract liabilities (included in Other long-term liabilities)	7,383
Sales return reserve recorded in contract liability	$ 24,700		$ 25,400
Revenue recognized from beginning contract liability, percentage	74%	74%

Revenue Recognition, Contract_6

Revenue Recognition, Contracts with Customers - Remaining Performance Obligations included in Contract Liability (Details) - USD ($) $ in Millions	Oct. 31, 2024	Apr. 30, 2024
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation to be recognized	$ 263.7
Sales return reserve recorded in contract liability	24.7	$ 25.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-11-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligations excluding sales return reserve	$ 216.8
Remaining performance obligation, expected timing of satisfaction	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-11-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligations excluding sales return reserve	$ 22.2
Remaining performance obligation, expected timing of satisfaction

Revenue Recognition, Contract_7

Revenue Recognition, Contracts with Customers - Assets Recognized for the Costs to Fulfill a Contract (Details) - USD ($) $ in Millions	Oct. 31, 2024	Apr. 30, 2024
Revenue from Contract with Customer [Abstract]
Costs capitalized	$ 2.8	$ 3.1

Revenue Recognition, Contract_8

Revenue Recognition, Contracts with Customers - Amortization Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Revenue from Contract with Customer [Abstract]
Amortization expense	$ 277	$ 1,015	$ 583	$ 2,665

Revenue Recognition, Contract_9

Revenue Recognition, Contracts with Customers - Shipping and Handling (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Revenue from Contract with Customer [Abstract]
Shipping and handling costs	$ 6,098	$ 6,471	$ 11,912	$ 13,132

Operating Leases - Balance Shee

Operating Leases - Balance Sheet Presentation (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Leases [Abstract]
Operating lease ROU assets	$ 70,527	$ 69,074
Short-term portion of operating lease liabilities	18,080	18,294
Operating lease liabilities, non-current	$ 88,403	$ 94,386

Operating Leases - Total Net Le

Operating Leases - Total Net Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Leases [Abstract]
Operating lease cost	$ 3,673	$ 3,855	$ 7,128	$ 7,938
Variable lease cost	212	297	455	582
Short-term lease cost	82	292	214	570
Sublease income	(118)	(218)	(407)	(421)
Total net lease cost	$ 3,849	$ 4,226	$ 7,390	$ 8,669

Operating Leases - Other Supple

Operating Leases - Other Supplemental Information for Operating Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Leases [Abstract]
Weighted-average remaining contractual lease term (years)	7 years	8 years
Weighted-average discount rate	6.13%	6.01%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 10,741	$ 13,117
Operating lease liabilities arising from obtaining ROU assets	$ 447	$ 466

Operating Leases - Reconciliati

Operating Leases - Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Operating Lease Liabilities
2025 (remaining 6 months)	$ 11,915
2026	22,442
2027	18,051
2028	14,622
2029	14,489
Thereafter	50,362
Total future undiscounted minimum lease payments	131,881
Less: Imputed interest	25,398
Present value of minimum lease payments	106,483
Less: Current portion	18,080	$ 18,294
Operating lease liabilities, non-current	$ 88,403	$ 94,386

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ / shares in Units, $ in Millions		6 Months Ended
	Jul. 08, 2024 USD ($) $ / shares shares	Oct. 31, 2024 shares	Oct. 31, 2023 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target long-term incentive amount | $	$ 3
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period for achievement of performance-based targets (in years)		3 years
Options generally vesting, as a percent	100%
Percentage of share value delivered in form of target performance (as a percent)	0.60
Grant date fair value (in dollars per share) | $ / shares	$ 46.65
Awards granted (in shares)	40,789
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period, stock option awards (in shares)		0	10,000
Stock Option | First Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options generally vesting, as a percent		10%
Stock Option | Second Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options generally vesting, as a percent		20%
Stock Option | Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options generally vesting, as a percent		30%
Stock Option | Fourth Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options generally vesting, as a percent		40%
Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable period		10 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of share value delivered in form of target performance (as a percent)	0.40
Grant date fair value (in dollars per share) | $ / shares	$ 46.65
Awards granted (in shares)	27,192
Restricted Stock Units (RSUs) | First Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options generally vesting, as a percent	25%
Restricted Stock Units (RSUs) | Second Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options generally vesting, as a percent	25%
Restricted Stock Units (RSUs) | Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options generally vesting, as a percent	25%
Restricted Stock Units (RSUs) | Fourth Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options generally vesting, as a percent	25%

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-based compensation expense	$ 6,034	$ 6,515	$ 12,002	$ 12,801

Stock-Based Compensation - Perf

Stock-Based Compensation - Performance-Based and Other Restricted Stock Activity (Details) - Restricted Stock - $ / shares shares in Thousands	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	708	825
Weighted average fair value of grant (in dollars per share)	$ 43.01	$ 31.66

Stock-Based Compensation - St_2

Stock-Based Compensation - Stock Option Activity (Details) - Stock Option	6 Months Ended
	Oct. 31, 2023 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Weighted average fair value of options on grant date (in dollars per share)	$ 7.94
Weighted average assumptions:
Expected life of options (years)	6 years 3 months 18 days
Risk-free interest rate	3.90%
Expected volatility	33.50%
Expected dividend yield	4.30%
Fair value of common stock on grant date (in dollars per share)	$ 32.68
Exercise price of stock option grant (in dollars per share)	$ 32.68

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 713,673	$ 937,206	$ 739,716	$ 1,045,027
Other comprehensive income (loss) before reclassifications	3,764	(24,000)	8,390	(11,453)
Amounts reclassified from accumulated other comprehensive loss	23,520	(925)	23,741	(1,615)
Total other comprehensive income (loss)	27,284	(24,925)	32,131	(13,068)
Ending balance	755,255	867,276	755,255	867,276
Accumulated other comprehensive loss, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(523,592)	(517,045)	(528,439)	(528,902)
Ending balance	(496,308)	(541,970)	(496,308)	(541,970)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(318,864)	(315,172)	(333,827)	(326,346)
Other comprehensive income (loss) before reclassifications	4,717	(33,865)	19,680	(22,691)
Amounts reclassified from accumulated other comprehensive loss	23,227	0	23,227	0
Total other comprehensive income (loss)	27,944	(33,865)	42,907	(22,691)
Ending balance	(290,920)	(349,037)	(290,920)	(349,037)
Unamortized Retirement Costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(202,962)	(208,643)	(200,922)	(206,806)
Other comprehensive income (loss) before reclassifications	(1,142)	8,528	(4,691)	5,204
Amounts reclassified from accumulated other comprehensive loss	1,536	1,466	3,045	2,953
Total other comprehensive income (loss)	394	9,994	(1,646)	8,157
Ending balance	(202,568)	(198,649)	(202,568)	(198,649)
Interest Rate Swaps
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,766)	6,770	6,310	4,250
Other comprehensive income (loss) before reclassifications	189	1,337	(6,599)	6,034
Amounts reclassified from accumulated other comprehensive loss	(1,243)	(2,391)	(2,531)	(4,568)
Total other comprehensive income (loss)	(1,054)	(1,054)	(9,130)	1,466
Ending balance	$ (2,820)	$ 5,716	$ (2,820)	$ 5,716

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassification out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cumulative translation adjustments	$ (23,520)	$ 925	$ (23,741)	$ 1,615
Pension expense	2,127	1,582	4,493	3,175
Wiley Edge And Cross Knowledge
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cumulative translation adjustments	(23,200)		(23,200)
Reclassification out of Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension expense	$ 2,000	$ 2,000	$ 4,100	$ 3,900

Reconciliation of Weighted Av_3

Reconciliation of Weighted Average Shares Outstanding (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Earnings Per Share [Abstract]
Weighted average shares outstanding (in shares)	54,191	55,102	54,284	55,186
Shares used for basic earnings (loss) per share (in shares)	54,191	55,102	54,284	55,186
Dilutive effect of unvested restricted stock units and other stock awards (in shares)	659	0	644	0
Shares used for diluted earnings (loss) per share (in shares)	54,850	55,102	54,928	55,186
Antidilutive options to purchase Class A common shares, restricted shares, warrants to purchase Class A common shares, and contingently issuable restricted stock which are exclude from table above (in shares)	581	773	598	819

Restructuring and Related Cha_3

Restructuring and Related Charges - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring liability, current	$ 3,900		$ 3,900
Restructuring reserve, noncurrent	1,000		1,000
Restructuring and related to (credits) charges	3,627	$ 25,102	$ 7,497	$ 37,225
Global Restructuring Program
Restructuring Cost and Reserve [Line Items]
Reduction to square footage occupancy (as a percent)			0.35
Fair value of operating lease ROU assets		900		900
Restructuring and related to (credits) charges	3,681	24,755	$ 11,230	36,535
Business Optimization Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related to (credits) charges	$ (100)	$ 300	$ (3,700)	$ 700

Restructuring and Related Cha_4

Restructuring and Related Charges - Pretax Restructuring Charges (Credits) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	$ 3,627	$ 25,102	$ 7,497	$ 37,225
Global Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	3,681	24,755	11,230	36,535
Total Charges Incurred to Date	121,666		121,666
Global Restructuring Program | Corporate Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	2,507	12,119	7,748	19,111
Total Charges Incurred to Date	75,997		75,997
Global Restructuring Program | Severance and termination benefits
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	2,244	18,619	8,026	24,563
Total Charges Incurred to Date	62,409		62,409
Global Restructuring Program | Impairment of operating lease ROU assets and property and equipment
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	0	0	0	1,575
Total Charges Incurred to Date	22,739		22,739
Global Restructuring Program | Acceleration of expense related to operating lease ROU assets and property and equipment
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	0	152	0	516
Total Charges Incurred to Date	6,288		6,288
Global Restructuring Program | Facility related charges, net
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	1,365	558	2,767	1,387
Total Charges Incurred to Date	11,171		11,171
Global Restructuring Program | Consulting (credits) costs
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	(116)	3,966	(672)	5,789
Total Charges Incurred to Date	10,580		10,580
Global Restructuring Program | Other activities
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	188	1,460	1,109	2,705
Total Charges Incurred to Date	8,479		8,479
Global Restructuring Program | Research | Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	939	4,755	3,262	6,702
Total Charges Incurred to Date	13,085		13,085
Global Restructuring Program | Learning | Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	110	5,859	337	6,077
Total Charges Incurred to Date	19,589		19,589
Global Restructuring Program | Held for Sale or Sold | Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring and Related (Credits) Charges	125	$ 2,022	(117)	$ 4,645
Total Charges Incurred to Date	$ 12,995		$ 12,995

Restructuring and Related Cha_5

Restructuring and Related Charges - Activity for Business Optimization Program (Details) - Global Restructuring Program $ in Thousands	6 Months Ended
	Oct. 31, 2024 USD ($)
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	$ 9,069
Charges (Credits)	8,463
Payments	(10,774)
Foreign Translation & Other Adjustments	(1,552)
Restructuring liability, end of period	5,206
Severance and termination benefits
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	5,396
Charges (Credits)	8,026
Payments	(7,593)
Foreign Translation & Other Adjustments	(890)
Restructuring liability, end of period	4,939
Consulting (credits) costs
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	1,794
Charges (Credits)	(672)
Payments	(1,280)
Foreign Translation & Other Adjustments	1
Restructuring liability, end of period	(157)
Other activities
Activity for Restructuring and Related Charges Liability [Roll Forward]
Restructuring liability, beginning of period	1,879
Charges (Credits)	1,109
Payments	(1,901)
Foreign Translation & Other Adjustments	(663)
Restructuring liability, end of period	$ 424

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024 USD ($) segment	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	3
Segment Reporting Information [Line Items]
Revenue:	$ 426,595	$ 492,808	$ 830,404	$ 943,821
Adjusted Operating Income (Loss):	114,339	117,868	189,536	182,105
Depreciation and Amortization:	36,718	40,174	73,971	83,902
Operating Segments
Segment Reporting Information [Line Items]
Adjusted Operating Income (Loss):	114,339	117,868	189,536	182,105
Depreciation and Amortization:	33,419	36,642	67,272	76,843
Operating Segments | Research
Segment Reporting Information [Line Items]
Revenue:	261,885	257,670	527,194	515,474
Adjusted Operating Income (Loss):	59,527	58,856	114,743	112,383
Depreciation and Amortization:	22,522	22,668	45,081	45,880
Operating Segments | Learning
Segment Reporting Information [Line Items]
Revenue:	161,514	148,940	285,828	258,260
Adjusted Operating Income (Loss):	55,871	39,912	78,371	47,538
Depreciation and Amortization:	10,897	13,974	22,191	27,526
Operating Segments | Held for Sale or Sold
Segment Reporting Information [Line Items]
Revenue:	3,196	86,198	17,382	170,087
Adjusted Operating Income (Loss):	(1,059)	19,100	(3,578)	22,184
Depreciation and Amortization:	0	0	0	3,437
Corporate Expenses
Segment Reporting Information [Line Items]
Depreciation and Amortization:	$ 3,299	$ 3,532	$ 6,699	$ 7,059

Segment Information - Reconcili

Segment Information - Reconciliation of Consolidated US GAAP Operating Income to Non-GAAP Adjusted Contribution to Profit (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Segment Reporting [Abstract]
Adjusted Operating Income by Segment	$ 114,339	$ 117,868	$ 189,536	$ 182,105
Adjustments:
Corporate expenses	(46,579)	(46,521)	(88,933)	(88,295)
Impairment of goodwill	0	0	0	(26,695)
Restructuring and related charges	(3,627)	(25,102)	(7,497)	(37,225)
Interest expense	(14,463)	(12,937)	(27,250)	(24,271)
Net foreign exchange transaction losses	(3,328)	(2,357)	(3,094)	(3,977)
Net gain (loss) on sale of businesses, assets, and impairment charges related to assets held-for-sale	369	(51,414)	6,170	(127,343)
Other income (expense), net	2,226	(1,567)	3,008	(3,052)
Income (Loss) Before Taxes	$ 48,937	$ (22,030)	$ 71,940	$ (128,753)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Inventory Disclosure [Abstract]
Finished goods	$ 25,801	$ 24,295
Work-in-process	819	1,445
Paper and other materials	179	181
Total inventories before estimated sales returns and LIFO reserve	26,799	25,921
Inventory value of estimated sales returns	7,839	7,833
LIFO reserve	(7,535)	(7,535)
Inventories, net	$ 27,103	$ 26,219

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill (Details) - USD ($)	6 Months Ended
	Oct. 31, 2024	Apr. 30, 2024
Goodwill [Roll Forward]
Balance, beginning of period	$ 1,091,368,000
Balance, end of period	1,102,372,000
Goodwill	1,102,372,000	$ 1,091,368,000
Continuing Operations and Disposal Group, Held-for-Sale
Goodwill [Roll Forward]
Foreign Translation Adjustment	11,004,000
Balance, end of period	1,102,372,000
Goodwill	1,102,372,000
Research and Learning
Goodwill [Roll Forward]
Balance, beginning of period	1,091,368,000
Foreign Translation Adjustment	11,004,000
Goodwill		1,091,368,000
Research
Goodwill [Roll Forward]
Balance, beginning of period	607,289,000
Foreign Translation Adjustment	13,654,000
Balance, end of period	620,943,000
Goodwill	620,943,000	607,289,000
Learning
Goodwill [Roll Forward]
Balance, beginning of period	484,079,000
Foreign Translation Adjustment	(2,650,000)
Balance, end of period	481,429,000
Goodwill	481,429,000	484,079,000
Held for Sale or Sold
Goodwill [Roll Forward]
Balance, beginning of period	0
Foreign Translation Adjustment	0
Balance, end of period	0
Cumulative pretax noncash goodwill impairment		318,200,000
Goodwill	$ 0	$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Apr. 30, 2024
Goodwill [Line Items]
Impairment of goodwill	$ 0	$ 0	$ 0	$ 26,695,000
Impairment charges			0
Goodwill	1,102,372,000		1,102,372,000		$ 1,091,368,000
University Services
Goodwill [Line Items]
Impairment of goodwill			11,400,000
Goodwill	0		0
CrossKnowledge
Goodwill [Line Items]
Impairment of goodwill			15,300,000
Goodwill	$ 0		$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	$ 477,542	$ 496,258
Intangible assets with indefinite lives	120,720	119,436
Total intangible assets, net	598,262	615,694
Brands and trademarks
Intangible assets with definite lives, net [Abstract]
Intangible assets with indefinite lives	37,000	37,000
Indefinite assets, accumulated impairment		93,100
Content and publishing rights
Intangible assets with definite lives, net [Abstract]
Intangible assets with indefinite lives	83,720	82,436
Content and publishing rights
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	419,751	431,259
Customer relationships
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	35,689	39,709
Developed technology
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	16,687	19,522
Finite assets, accumulated impairment		2,800
Brands and trademarks
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	5,396	5,734
Covenants not to compete
Intangible assets with definite lives, net [Abstract]
Intangible assets with definite lives, net	$ 19	$ 34

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Income Tax Disclosure [Abstract]
Effective tax rate reconciliation (as a percent)	17.30%	11.70%	45.80%	13.20%

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 138	$ 132	$ 304	$ 266
Interest cost	7,043	6,872	14,171	13,819
Expected return on plan assets	(6,883)	(7,398)	(13,851)	(14,889)
Amortization of prior service cost	(22)	(24)	(41)	(47)
Amortization of net actuarial loss	2,031	2,000	4,090	4,026
Curtailment/settlement (credit)	(180)	0	(180)	0
Net pension expense	$ 2,127	$ 1,582	$ 4,493	$ 3,175

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Retirement Benefits [Abstract]
Curtailment settlement due to cross knowledge pension plan	$ 180	$ 0	$ 180	$ 0
Employer defined benefit pension plan contributions	3,900	3,600	7,500	7,700
Defined contribution plan expense	$ 5,100	$ 6,700	$ 12,400	$ 14,400

Debt and Available Credit Fac_3

Debt and Available Credit Facilities (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Long-term Debt, by Current and Noncurrent [Abstract]
Short-term portion of long-term debt	$ 10,000	$ 7,500
Long-term debt, less current portion	951,010	767,096
Total debt	961,010	774,596
Unamortized debt issuance costs	500	600
Revolving Credit Facility | Amended and Restated RCA
Long-term Debt, by Current and Noncurrent [Abstract]
Long-term debt, less current portion	771,511	582,678
Term Loan A Facility | Amended and Restated RCA
Long-term Debt, by Current and Noncurrent [Abstract]
Long-term debt, less current portion	$ 179,499	$ 184,418

Debt and Available Credit Fac_4

Debt and Available Credit Facilities - Amended and Restated CA (Details) - USD ($)		3 Months Ended		6 Months Ended
	Nov. 30, 2022	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Apr. 30, 2024
Line of Credit Facility [Line Items]
Letters of credit outstanding amount		$ 200,000		$ 200,000
Amended and Restated RCA
Line of Credit Facility [Line Items]
Term of credit facility				5 years
Amortization of debt issuance costs		284,000	$ 310,000	$ 577,000	$ 620,000
Revolving Credit Facility Through November 2027
Line of Credit Facility [Line Items]
Term of credit facility				18 months
Revolving Credit Facility | Amended and Restated RCA
Line of Credit Facility [Line Items]
Term of credit facility	5 years
Credit commitments, principal amount	$ 1,115,000,000
Existing credit commitments		344,300,000		$ 344,300,000
Revolving Credit Facility | Amended and Restated RCA | Syndicate Bank Group led by Bank of America
Line of Credit Facility [Line Items]
Optional credit limit increase available on request	500,000,000
Value of minimum increments	$ 50,000,000
Revolving Credit Facility | Amended and Restated RCA | Syndicate Bank Group led by Bank of America | Base Rate
Line of Credit Facility [Line Items]
Margin rate over reference rate used in determining base rate	0.50%
Revolving Credit Facility | Amended and Restated RCA | Syndicate Bank Group led by Bank of America | Daily Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Margin rate over reference rate used in determining base rate	1%
Revolving Credit Facility | Amended and Restated RCA | Minimum | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Margin rate (as a percent)	0.10%
Revolving Credit Facility | Amended and Restated RCA | Minimum | Syndicate Bank Group led by Bank of America
Line of Credit Facility [Line Items]
Line of credit facility, Commitment fee percentage	0.15%
Revolving Credit Facility | Amended and Restated RCA | Minimum | Syndicate Bank Group led by Bank of America | SOFR, SONIA, and EURIBOR-Based Rates
Line of Credit Facility [Line Items]
Applicable margin	0.98%
Revolving Credit Facility | Amended and Restated RCA | Minimum | Syndicate Bank Group led by Bank of America | Base Rate
Line of Credit Facility [Line Items]
Applicable margin	0%
Revolving Credit Facility | Amended and Restated RCA | Maximum | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Margin rate (as a percent)	0.25%
Revolving Credit Facility | Amended and Restated RCA | Maximum | Syndicate Bank Group led by Bank of America
Line of Credit Facility [Line Items]
Line of credit facility, Commitment fee percentage	0.25%
Revolving Credit Facility | Amended and Restated RCA | Maximum | Syndicate Bank Group led by Bank of America | SOFR, SONIA, and EURIBOR-Based Rates
Line of Credit Facility [Line Items]
Applicable margin	1.50%
Revolving Credit Facility | Amended and Restated RCA | Maximum | Syndicate Bank Group led by Bank of America | Federal Funds Effective Rate
Line of Credit Facility [Line Items]
Applicable margin	0.50%
Term Loan A Facility | Amended and Restated RCA
Line of Credit Facility [Line Items]
Term of credit facility	5 years
Debt instrument, face amount	$ 200,000,000
Revolving Credit Facility Through May 2024 | Amended and Restated RCA
Line of Credit Facility [Line Items]
Credit commitments, principal amount	$ 185,000,000
Line of Credit
Line of Credit Facility [Line Items]
Credit commitments, principal amount		$ 1,305,800,000		$ 1,305,800,000
Average interest rates on total debt outstanding		6.09%	5.61%	6.11%	5.45%
Weighted average interest rates		6.03%		6.03%		6.07%
Line of Credit | Other Credit Facilities
Line of Credit Facility [Line Items]
Credit commitments, principal amount		$ 1,000,000		$ 1,000,000
Outstanding borrowings under revolving credit facilities		$ 0		$ 0		$ 0

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Narrative (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Long term debt	$ 961,010	$ 774,596
Unamortized debt issuance costs	500	$ 600
Long term debt, percentage bearing variable interest	$ 961,500

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands

May 15, 2024

Apr. 09, 2024

Jan. 31, 2024

Jan. 24, 2024

Jan. 05, 2024

Dec. 19, 2023

Mar. 15, 2023

Mar. 14, 2023

Mar. 13, 2023

Dec. 13, 2022

Jun. 16, 2022

Oct. 31, 2024

Apr. 30, 2024

Interest Rate Swap

Derivative [Line Items]

Derivative, notional amount

$ 500,000

$ 550,000

May 2024 Interest Rate Swap Variable Loans

Derivative [Line Items]

Derivative, notional amount

50,000

0

Fixed rate on interest rate swap agreement

4.288%

Derivative, term of contract (in years)

3 years

April 2024 Interest Rate Swap Variable Loans

Derivative [Line Items]

Derivative, notional amount

50,000

50,000

Fixed rate on interest rate swap agreement

4.243%

Derivative, term of contract (in years)

3 years

January 2024 Interest Rate Swap Variable Loans

Derivative [Line Items]

Derivative, notional amount

50,000

50,000

Fixed rate on interest rate swap agreement

3.70%

Derivative, term of contract (in years)

3 years

January 2024 Interest Rate Swap Variable Loans

Derivative [Line Items]

Derivative, notional amount

50,000

50,000

Fixed rate on interest rate swap agreement

3.774%

Derivative, term of contract (in years)

3 years

January 2024 Interest Rate Swap Variable Loans

Derivative [Line Items]

Derivative, notional amount

50,000

50,000

Fixed rate on interest rate swap agreement

3.689%

Derivative, term of contract (in years)

3 years

December 2023 Interest Rate Swap Variable Loans

Derivative [Line Items]

Derivative, notional amount

50,000

50,000

Fixed rate on interest rate swap agreement

3.85%

Derivative, term of contract (in years)

3 years

March 2023 Interest Rate Swap Variable Rate Loans

Derivative [Line Items]

Derivative, notional amount

50,000

50,000

Fixed rate on interest rate swap agreement

3.565%

Derivative, term of contract (in years)

3 years

March 2023 Interest Rate Swap Variable Rate Loans

Derivative [Line Items]

Derivative, notional amount

50,000

50,000

Fixed rate on interest rate swap agreement

4.053%

Derivative, term of contract (in years)

3 years

March 2023 Interest Rate Swap Variable Rate Loans

Derivative [Line Items]

Derivative, notional amount

50,000

50,000

Fixed rate on interest rate swap agreement

3.72%

Derivative, term of contract (in years)

3 years

December 2022 Interest Rate Swap Variable Rate Loans

Derivative [Line Items]

Derivative, notional amount

50,000

50,000

Fixed rate on interest rate swap agreement

3.772%

Derivative, term of contract (in years)

3 years

June 2022 Interest Rate Swap Variable Rate Loans

Derivative [Line Items]

Derivative, notional amount

$ 0

$ 100,000

Fixed rate on interest rate swap agreement

3.467%

Derivative, term of contract (in years)

2 years

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Statement of Financial Position (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Current asset portion	$ 0	$ 154
Non-current asset portion	1,296	9,686
Non-current liability portion	(1,114)	0
Total cash flow hedges	$ 182	$ 9,840

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Statements of Other Comprehensive Loss Income (Details) - Interest Rate Swap - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Derivative [Line Items]
Amount of pretax gains (losses) recognized in Other comprehensive income (loss)	$ 210	$ 1,801	$ (6,150)	$ 8,092
Interest Expense
Derivative [Line Items]
Amount of pretax gains reclassified from Accumulated other comprehensive loss into Interest expense	$ 1,656	$ 3,186	$ 3,371	$ 6,071

Capital Stock and Changes in _3

Capital Stock and Changes in Capital Accounts - Share Repurchases (Details) - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Class A common stock
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (in shares)	261	367	556	668
Treasury stock acquired (in dollars per share)	$ 47.76	$ 33.97	$ 44.89	$ 33.64
Class B common stock
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (in shares)	1	1	1	1
Treasury stock acquired (in dollars per share)	$ 47.76	$ 33.97	$ 44.89	$ 33.64

Capital Stock and Changes in _4

Capital Stock and Changes in Capital Accounts - Dividends (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Stockholders' Equity Note [Abstract]
Total dividend	$ 38,264	$ 38,691

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		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Class A common stock
Changes in Common Stock [Abstract]
Number of shares, beginning of year (in shares)			70,259	70,231
Common stock class conversions (in shares)			24	3
Number of shares issued, end of period (in shares)	70,283	70,234	70,283	70,234
Changes in Common Stock in Treasury [Abstract]
Number of shares held, beginning of year (in shares)			24,828	23,983
Restricted shares issued under stock-based compensation plans (in shares)			(256)	(384)
Impact of tax withholding on stock-based compensation and other (in shares)			96	126
Purchases of treasury shares (in shares)	261	367	556	668
Number of shares held, end of period (in shares)	25,224	24,393	25,224	24,393
Common stock, shares outstanding (in shares)	45,059	45,841	45,059	45,841
Class B common stock
Changes in Common Stock [Abstract]
Number of shares, beginning of year (in shares)			12,923	12,951
Common stock class conversions (in shares)			24	3
Number of shares issued, end of period (in shares)	12,899	12,948	12,899	12,948
Changes in Common Stock in Treasury [Abstract]
Number of shares held, beginning of year (in shares)			3,928	3,925
Purchases of treasury shares (in shares)	1	1	1	1
Number of shares held, end of period (in shares)	3,929	3,926	3,929	3,926
Common stock, shares outstanding (in shares)	8,970	9,022	8,970	9,022