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Goodwill and Intangible Assets
3 Months Ended
Jul. 31, 2018
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
Note 10 Goodwill and Intangible Assets

Goodwill

The following table summarizes the activity in goodwill by segment as of July 31, 2018:

  
April 30, 2018
  
Foreign
Translation
Adjustment
  
July 31, 2018
 
Research
 
$
463,419
  
$
(17,787
)
 
$
445,632
 
Publishing
  
295,401
   
(4,925
)
  
290,476
 
Solutions
  
260,981
   
   
260,981
 
Total
 
$
1,019,801
  
$
(22,712
)
 
$
997,089
 

Intangible Assets

Identifiable intangible assets, net consisted of the following:

  
July 31, 2018
  
April 30, 2018
 
Intangible Assets with Determinable Lives, net:
      
Content and Publishing Rights
 
$
415,482
  
$
436,760
 
Customer Relationships
  
157,196
   
161,729
 
Brands and Trademarks
  
14,679
   
16,100
 
Covenants not to Compete
  
602
   
655
 
Total
  
587,959
   
615,244
 
Intangible Assets with Indefinite Lives:
        
Brands and Trademarks
  
132,832
   
138,589
 
Content and Publishing Rights
  
90,367
   
94,238
 
Total
  
223,199
   
232,827
 
Total Intangible Assets, Net
 
$
811,158
  
$
848,071
 

In conjunction with a business review performed in the Publishing segment associated with the restructuring activities discussed above, in the first quarter of fiscal year 2018, we identified an indefinite lived brand with forecasted cash flows that did not support its carrying value. As a result, an impairment charge of $3.6 million was recorded in the first quarter of fiscal year 2018 to reduce the carrying value of the brand to its fair value of $1.2 million, which is being amortized over an estimated useful life of 5 years. This impairment charge was included in Operating and Administrative Expenses in the Condensed Consolidated Statements of Income for fiscal year 2018.