XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Oct. 31, 2018
Oct. 31, 2017
Revenue, net $ 448,622 $ 451,731 $ 859,523 $ 863,175
Costs and Expenses        
Cost of sales 120,157 119,865 234,548 234,653
Operating and administrative expenses 248,627 241,301 [1] 502,400 487,039 [1]
Restructuring and related charges (credits) 9,996 (1,406) 3,910 24,323
Amortization of intangibles 12,367 11,183 25,050 23,802
Total Costs and Expenses 391,147 370,943 765,908 769,817
Operating Income 57,475 80,788 [2] 93,615 93,358 [2]
Interest Expense (3,608) (3,455) (6,404) (6,728)
Foreign Exchange Transaction Losses (54) (416) (1,783) (5,552)
Interest and Other Income 2,509 2,559 4,975 4,494
Income Before Taxes 56,322 79,476 90,403 85,572
Provision for Income Taxes 12,538 19,428 20,324 16,288
Net Income $ 43,784 $ 60,048 $ 70,079 $ 69,284
Earnings Per Share        
Basic (in dollars per share) $ 0.76 $ 1.06 $ 1.22 $ 1.22
Diluted (in dollars per share) $ 0.76 $ 1.04 $ 1.21 $ 1.20
Weighted Average Number of Common Shares Outstanding        
Basic (in shares) 57,379 56,875 57,392 56,948
Diluted (in shares) 57,870 57,554 57,955 57,633
Class A Common [Member]        
Cash Dividends Per Share        
Common stock (in dollars per share) $ 0.33 $ 0.32 $ 0.66 $ 0.64
Class B Common [Member]        
Cash Dividends Per Share        
Common stock (in dollars per share) $ 0.33 $ 0.32 $ 0.66 $ 0.64
[1] Due to the retrospective adoption of Accounting Standards Update ("ASU") 2017-07, total net benefits of $2.0 million and $3.9 million related to the non-service components of defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest and Other Income for the three and six months ended October 31, 2017, respectively. Total net benefits related to the non-service components of defined benefit and other post-employment benefit plans were $2.1 million and $4.5 million for the three and six months ended October 31, 2018, respectively. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.
[2] Due to the retrospective adoption of ASU 2017-07, total net benefits of $2.0 million and $3.9 million related to the non-service components of defined benefit and other post-employment benefit plans were reclassified from Operating and Administrative Expenses to Interest Income and Other for the three and six months ended October 31, 2017, respectively. 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 October 31, 2017 was $1.0 million in Research, $0.6 million in Publishing, and $0.4 million in Corporate expenses. The impact of the reclassification on Contribution to Profit by segment for the six months ended October 31, 2017 was $2.0 million in Research, $1.1 million in Publishing, and $0.8 million in Corporate expenses.