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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Revenue $ 410,901 $ 411,444 [1]
Costs and Expenses    
Cost of sales 114,391 114,788
Operating and administrative expenses [2] 253,773 245,738
Restructuring and related (credits) charges (6,086) 25,729
Amortization of intangibles 12,683 12,619
Total Costs and Expenses 374,761 398,874
Operating Income [1] 36,140 12,570
Interest Expense (2,796) (3,273)
Foreign Exchange Transaction Losses (1,729) (5,136)
Interest and Other Income [2] 2,466 1,935
Income Before Taxes 34,081 6,096
Provision (Benefit) for Income Taxes 7,786 (3,140)
Net Income $ 26,295 $ 9,236
Earnings Per Share    
Basic (in dollars per share) $ 0.46 $ 0.16
Diluted (in dollars per share) $ 0.45 $ 0.16
Weighted Average Number of Common Shares Outstanding    
Basic (in shares) 57,430 57,016
Diluted (in shares) 58,114 57,709
Class A Common [Member]    
Cash Dividends Per Share    
Common stock (in dollars per share) $ 0.33 $ 0.32
Class B Common [Member]    
Cash Dividends Per Share    
Common stock (in dollars per share) $ 0.33 $ 0.32
[1] Due to the retrospective adoption of ASU 2017-07, total net benefits of $1.9 million related to defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest Income and Other. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information. The impact of the reclassification on Contribution to Profit by segment for the three months ended July 31, 2017 was $1.0 million in Research, $0.5 million in Publishing, and $0.4 million in Corporate expenses.
[2] Due to the retrospective adoption of ASU 2017-07, total net benefits of $1.9 million related to defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest and Other Income for the three months ended July 31, 2017. Total net benefits were $2.4 million for the three months ended July 31, 2018. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.