Income Taxes	3 Months Ended
Jul. 31, 2017
Income Taxes [Abstract]
Income Taxes	11. Income Taxes The effective tax rate for the first three months of fiscal year 2018 was a benefit of 51.5%, compared to a provision of 23.1% in the prior year. Excluding the impact of the current and prior year restructuring charges (credits), the current year impairment charge related to one of the Company's Publishing brands and the impact of foreign currency transaction gains (losses) on intercompany loans in both periods, the effective tax rate for the first three months of fiscal years 2018 and 2017 was 18.1% and 22.7%, respectively. The decrease was mainly driven by a lower statutory rate in the U.K., large equity compensation deductions from significant vesting of restricted stock and other one-time adjustments.

Income Taxes

3 Months Ended

Jul. 31, 2017

11. Income Taxes

The effective tax rate for the first three months of fiscal year 2018 was a benefit of 51.5%, compared to a provision of 23.1% in the prior year. Excluding the impact of the current and prior year restructuring charges (credits), the current year impairment charge related to one of the Company's Publishing brands and the impact of foreign currency transaction gains (losses) on intercompany loans in both periods, the effective tax rate for the first three months of fiscal years 2018 and 2017 was 18.1% and 22.7%, respectively. The decrease was mainly driven by a lower statutory rate in the U.K., large equity compensation deductions from significant vesting of restricted stock and other one-time adjustments.