XML 39 R14.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Restructuring and Related Charges | 12 Months Ended
--- | ---
Apr. 30, 2018
Restructuring and Related Charges [Abstract] |
Restructuring and Related Charges | Note 6 – Restructuring and Related Charges In fiscal years 2018, 2017 and 2016, we recorded pre-tax restructuring and related charges of $28.6 million, $13.4 million, and $28.6 million, respectively, which are reflected in the Restructuring and Related Charges line item on the Consolidated Statements of Income and described in more detail below: Restructuring and Reinvestment Program: Beginning in fiscal year 2013, we initiated a global program (the "Restructuring and Reinvestment Program") to restructure and realign our cost base with current and anticipated future market conditions. We are targeting a majority of the expected cost savings achieved to improve margins and earnings, while the remainder will be reinvested in high-growth digital business opportunities. The following tables summarize the pre-tax restructuring charges related to this program:
|  | 2018 |  |  | 2017 |  |  | 2016 |  |  | Total Charges Incurred to Date |
Charges by Segment: |  |  |  |  |  |  |  |  |  |  |  |
Research |  | $ | 5,257 |  |  | $ | 1,949 |  |  | $ | 2,982 |  |  | $ | 25,413 |
Publishing |  |  | 6,443 |  |  |  | 1,596 |  |  |  | 4,507 |  |  |  | 38,931 |
Solutions |  |  | 3,695 |  |  |  | 1,787 |  |  |  | 1,042 |  |  |  | 6,247 |
Corporate Expenses |  |  | 13,171 |  |  |  | 8,023 |  |  |  | 20,080 |  |  |  | 95,919 |
Total Restructuring and Related Charges |  | $ | 28,566 |  |  | $ | 13,355 |  |  | $ | 28,611 |  |  | $ | 166,510 |
Charges (Credits) by Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance |  | $ | 27,213 |  |  | $ | 8,386 |  |  | $ | 16,443 |  |  | $ | 114,803 |
Process Reengineering Consulting |  |  | 1,815 |  |  |  | 148 |  |  |  | 7,191 |  |  |  | 20,629 |
Other Activities |  |  | (462 | ) |  |  | 4,821 |  |  |  | 4,977 |  |  |  | 31,078 |
Total Restructuring and Related Charges |  | $ | 28,566 |  |  | $ | 13,355 |  |  | $ | 28,611 |  |  | $ | 166,510 |
Other Activities in 2017 and 2016 reflects leased facility consolidations, contract termination costs, and the curtailment of certain defined benefit pension plans. The following table summarizes the activity for the Restructuring and Reinvestment Program liability for fiscal year 2018:
|  | April 30, 2017 |  |  | Charges |  |  | Payments |  |  | Foreign Translation and Reclassification |  |  | April 30, 2018 |
Severance |  | $ | 10,082 |  |  | $ | 27,213 |  |  | $ | (21,197 | ) |  | $ | 1,181 |  |  | $ | 17,279 |
Process Reengineering Consulting |  |  | — |  |  |  | 1,815 |  |  |  | (1,815 | ) |  |  | — |  |  |  | — |
Other Activities |  |  | 12,708 |  |  |  | (462 | ) |  |  | (7,583 | ) |  |  | (1,891 | ) |  |  | 2,772 |
Total |  | $ | 22,790 |  |  | $ | 28,566 |  |  | $ | (30,595 | ) |  | $ | (710 | ) |  | $ | 20,051 |
The restructuring liability for accrued severance costs of $17.3 million is reflected in Accrued Employment Costs on the Consolidated Statements of Financial Position. Approximately $0.9 million and $1.9 million of the Other Activities are included in Other Accrued Liabilities and Other Long-Term Liabilities, respectively on the Consolidated Statements of Financial Position. The amount included in Other Long-Term Liabilities that relates to Other Activities is expected to be paid starting in 2020 until 2022.

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 -URI http://asc.fasb.org/topic&trid=2175745 + 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