XML 25 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1

Restructuring Charges

3 Months Ended

Jul. 31, 2017

Restructuring Charges [Abstract]

Restructuring Charges

7.     Restructuring Charges:

Beginning in fiscal year 2013, the Company initiated a program (the "Restructuring and Reinvestment Program") to restructure and realign its cost base with current and anticipated future market conditions. The Company is targeting a majority of the cost savings achieved to improve margins and earnings, with the remainder reinvested in growth opportunities.

The following tables summarize the pre-tax restructuring charges (credits) related to this program (in thousands):

					Cumulative
					Program
	For the Three Months				Charges
	Ended July 31,				to Date
	2017		2016
Charges (Credits) by Segment:
Research	4,836		$(69)		$24,992
Publishing	7,254		353		39,743
Solutions	2,795		-		5,346
Shared Services	10,844		(1,204)		93,592
Total	$25,729		$(920)		$163,673
Charges (Credits) by Activity:
Severance	$24,721		$257		$112,311
Process Reengineering Consulting	1,521		7		20,335
Other Activities	(513)		(1,184)		31,027
Total	$25,729		$(920)		$163,673

Other Activities reflects leased facility consolidations, contract termination costs and the curtailment of certain defined benefit pension plans. The credits in Other Activities for the three months ended July 31, 2017 and 2016 mainly reflect changes in estimates for previously accrued restructuring charges related to facility lease reserves.

The following table summarizes the activity for the Restructuring and Reinvestment Program liability for the three months ended July 31, 2017 (in thousands):

				Foreign
				Translation &
	April 30, 2017	Charges	Payments	Reclassifications	July 31, 2017
Severance	$10,082	$24,721	$(5,842)	$336	$29,297
Process Reengineering Consulting	-	1,521	(1,321)	-	200
Other Activities	12,708	(513)	(6,194)	(2,046)	3,955
Total	$22,790	$25,729	$(13,357)	$(1,710)	$33,452

The restructuring liability for accrued Severance costs is reflected in Accrued Employment Costs in the Condensed Consolidated Statements of Financial Position. The liability for Process Reengineering Consulting costs is reflected in Other Accrued Liabilities. Approximately $1.3 million and $2.7 million of the Other Activities are reflected in Other Accrued Liabilities and Other Long-Term Liabilities, respectively.

X

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringChargesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration