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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - UNAUDITED - USD ($)
$ in Thousands
6 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Operating Activities    
Net income $ 70,079 $ 69,284
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization of intangibles 25,050 23,802
Amortization of product development spending 20,093 20,246
Depreciation and amortization of technology, property and equipment 35,845 34,775
Restructuring charges 3,910 24,323
Stock-based compensation expense 8,882 2,536
Royalty advances (50,580) (46,860)
Earned royalty advances 71,317 62,993
Impairment of publishing brand 0 3,600
Other non-cash credits 7,917 9,634
Net change in operating assets and liabilities (313,610) (250,145)
Net Cash Used in Operating Activities (121,097) (45,812)
Investing Activities    
Product development spending (7,815) (17,927)
Additions to technology, property and equipment (34,560) (53,469)
Acquisitions of publication rights and other (2,795) (6,097)
Net Cash Used in Investing Activities (45,170) (77,493)
Financing Activities    
Repayment of long-term debt (65,800) (78,492)
Borrowing of long-term debt 245,075 275,081
Purchase of treasury shares (24,994) (29,257)
Change in book overdrafts (3,066) (2,629)
Cash dividends (38,033) (36,699)
Net proceeds from exercise of stock options and other 7,283 7,347
Net Cash Provided by Financing Activities 120,465 135,351
Effects of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash [1] (8,368) 2,855
Cash, Cash Equivalents and Restricted Cash    
(Decrease)/Increase for the Period [1] (54,170) 14,901
Balance at Beginning of Period [1] 170,257 58,516
Balance at End of Period [1] 116,087 73,417
Cash Paid During the Period for:    
Interest 5,713 6,471
Income taxes, net of refunds $ 18,404 $ 26,398
[1] Due to the retrospective adoption of ASU 2016-18, we are now required to include restricted cash as part of the change in cash, cash equivalents, and restricted cash. As a result, amounts which were previously classified as cash flows from operating activities have been reclassified as they are recognized in the total change in cash, cash equivalents and restricted cash. Refer to Note 2, "Recent Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.