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Segment Information | 12 Months Ended
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Apr. 30, 2017
Segment Information [Abstract] |
Segment Information | Note 18 - Segment Information Effective August 1, 2016, the Company completed a number of changes to its organizational structure that resulted in a change in how the Company manages its business, allocates resources and measures performance. As a result, the Company has revised its reportable segments to reflect how management currently reviews financial information and makes operating decisions. All prior period amounts have been adjusted to reflect the reporting segment change. Below is a description of the Company’s three new reporting segments: Research supports researchers, professionals and learners in the discovery and use of research knowledge to help them achieve their goals in research, learning and practice. Research provides 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. Journal publishing areas include the physical sciences and engineering, health sciences, social science and humanities and life sciences. Research also includes the Company’s recent acquisition of Atypon, a publishing software and service provider that enables scholarly and professional societies and publishers to deliver, host, enhance, market and manage their content on the web. Research customers include academic, corporate, government, and public libraries; funders of research; researchers; scientists; clinicians; engineers and technologists; scholarly and professional societies; and students and professors. The Company’s Research products are sold and distributed globally in digital and print formats through multiple channels, including research libraries and library consortia, independent subscription agents, direct sales to professional society members and other customers. Publishing centers include Australia, China, Germany, India, the United Kingdom and the United States. Research revenue by product type includes: Journal Subscriptions; Author-Funded Access; Licensing, Reprints, Backfiles, and Other; and Platform Services (Atypon). Publishing acquires, develops and publishes scientific, professional and education books and related content, as well as test preparation services and course workflow tools, to libraries, corporations, students, professionals and researchers. Communities served include business, finance, accounting, workplace learning, management, leadership, technology, behavioral health, engineering/architecture, science and medicine, and education. Products are developed in print and digitally 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. Publishing centers include Australia, Germany, India, the United Kingdom and the United States. Publishing revenue by product type includes: STM and Professional Books; Education Books; Online Test Preparation and Certification; Course Workflow; and Licensing, Distribution, Advertising and Other. Solutions delivers online program management services for universities and corporate learning and assessment services for businesses. Online Program Management services include market research, marketing, student recruitment, enrollment support, proactive retention support, academic services to design courses, faculty support and access to the Engage Learning Management System, which facilitates the online education experience. Graduate degree programs include Business Administration, Finance, Accounting, Healthcare, Engineering, Communications and others. The Corporate Learning business offers online learning and training solutions for global corporations, universities, and small and medium-sized enterprises, which are sold on a subscription or fee basis. Corporate Learning topics include leadership, diversity, value creation, client orientation, change and corporate strategy. The Company’s professional assessment services include pre-hire screening and post-hire personality assessments, which are delivered to business customers through online digital delivery platforms either directly or through an authorized distributor network of independent consultants, trainers and coaches. The Company’s assessment tools enable employers to optimize candidate selections and develop the full potential of their employees. These solutions include pre-hire assessments, including those designed to measure and match personality, knowledge, skills, managerial fit, loyalty, and values; and post-hire assessments, focused on measuring sales and managerial effectiveness, employee performance and career potential. Solutions revenue by product type includes: Online Program Management; Corporate Learning; and Professional Assessment. Shared Services functions are consolidated and centrally managed for the benefit of the three global reporting segments and include: Distribution and Operation Services; Technology and Content Management; Finance; and Other Administration. The Company uses occupied square footage of space; number of employees; units shipped; specific identification/activity-based; gross profit; revenue and number of invoices to allocate shared service costs to each business segment. Segment information is as follows (in thousands):
| For the years ended April 30,
| 2017 | 2016 | 2015
RESEARCH |  |  |
Revenue | $853,489 | $826,778 | $894,690
Contribution to Profit | $252,228 | $252,110 | $302,129
PUBLISHING |  |  |
Revenue | $633,449 | $695,728 | $747,105
Contribution to Profit | $125,703 | $126,058 | $97,642
SOLUTIONS |  |  |
Revenue | $231,592 | $204,531 | $180,645
Contribution to Profit | $14,822 | $3,992 | $639
Total Contribution to Profit | $392,753 | $382,160 | $400,410
Unallocated Shared Services and Administrative Costs | (186,600) | (194,047) | (162,671)
Operating Income | $206,153 | $188,113 | $237,739
The following table reflects total Shared Services and Administrative costs by function, which are partially allocated to business segments based on the methodologies described above:
| For the years ended April 30,
TOTAL SHARED SERVICES AND ADMINISTRATIVE COSTS | 2017 | 2016 | 2015
Distribution & Operation Services | $75,806 | $80,043 | $85,758
Technology & Content Management | 266,801 | 258,641 | 245,415
Finance | 47,049 | 46,759 | 49,570
Other Administration | 117,659 | 131,803 | 121,396
One-time Pension Settlement (see Note 15) | 8,842 | - | -
Restructuring Charges (see Note 6) | 8,023 | 20,080 | 18,293
Total | $524,180 | $537,326 | $520,432
| For the years ended April 30,
Total Revenue by Product/Service | 2017 | 2016 | 2015
Journals | $834,423 | $826,778 | $894,690
Platform Services (Atypon) | 19,066 | - | -
Books and Reference Material | 487,598 | 560,973 | 643,138
Course Workflow | 62,348 | 58,519 | 54,200
Online Program Management | 111,638 | 96,469 | 81,593
Professional Assessment | 59,868 | 57,370 | 57,035
Corporate Learning | 60,086 | 50,692 | 42,017
Other | $83,503 | $76,236 | $49,767
Total | $1,718,530 | $1,727,037 | $1,822,440
Total Assets |  |  |
Research | $1,133,846 | $1,235,609 | $1,237,969
Publishing | 582,339 | 672,987 | 652,923
Solutions | 575,068 | 439,554 | 459,260
Corporate/Shared Services | 314,964 | 572,946 | 654,091
Total | $2,606,217 | $2,921,096 | $3,004,243
Expenditures for Long Lived Assets |  |  |
Research | $(160,544) | $(31,615) | $(9,744)
Publishing | (31,968) | (37,272) | (39,421)
Solutions | (8,739) | - | (165,785)
Corporate/Shared Services | (101,774) | (82,508) | (65,821)
Total | $(303,025) | $(151,395) | $(280,771)
Depreciation and Amortization |  |  |
Research | $29,330 | $26,410 | $26,084
Publishing | 43,831 | 47,108 | 46,526
Solutions | 26,792 | 22,927 | 22,644
Corporate/Shared Services | 56,608 | 59,404 | 58,671
Total | $156,561 | $155,849 | $153,925
Export sales from the United States to unaffiliated customers amounted to approximately $148.7 million, $164.4 million and $168.0 million in fiscal years 2017, 2016 and 2015, respectively. The pretax income for consolidated operations outside the United States was approximately $192.9 million, $159.2 million and $165.1 million in fiscal years 2017, 2016 and 2015, respectively. Revenue from external customers based on the location of the customer and long-lived assets by geographic area were as follows (in thousands):
| Revenue |  | Long-Lived Assets (Technology, Property & Equipment) |
| 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015 |
United States | $786,574 |  | $884,185 |  | $920,166 |  | $208,572 |  | $166,878 |  | $143,786 |
United Kingdom | 189,479 |  | 153,442 |  | 142,680 |  | 21,368 |  | 23,246 |  | 24,711 |
Germany | 75,090 |  | 69,676 |  | 83,714 |  | 8,770 |  | 9,629 |  | 9,781 |
Japan | 62,674 |  | 76,930 |  | 84,420 |  | 75 |  | 35 |  | 21 |
China | 39,653 |  | 52,815 |  | 45,159 |  | 270 |  | 244 |  | 307 |
India | 34,306 |  | 38,208 |  | 39,494 |  | 245 |  | 234 |  | 180 |
Australia | 66,309 |  | 78,786 |  | 80,380 |  | 591 |  | 1,041 |  | 1,696 |
France | 44,760 |  | 49,970 |  | 57,492 |  | 9,765 |  | 9,517 |  | 6,720 |
Canada | 50,740 |  | 50,243 |  | 56,949 |  | 1,232 |  | 1,617 |  | 1,606 |
Other Countries | 368,945 |  | 272,782 |  | 311,986 |  | 1,600 |  | 2,329 |  | 4,202 |
Total | $1,718,530 |  | $1,727,037 |  | $1,822,440 |  | $252,488 |  | $214,770 |  | $193,010 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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