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Acquisition (Tables) | 12 Months Ended
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Apr. 30, 2019
Acquisition [Abstract] |
Consideration Transferred and Preliminary Allocation of Purchase Price | The transaction was accounted for using the acquisition method of accounting. We recorded the preliminary fair value of the assets acquired and liabilities assumed on the acquisition date, all of which are included in the Solutions segment. None of the goodwill will be deductible for tax purposes. The allocation of the consideration transferred to the assets acquired and the liabilities assumed is preliminary and could be revised as a result of additional information obtained due to the finalization of the third-party valuation report, tax related matters and contingencies, but such amounts will be finalized within the measurement period, which will not exceed one year from the acquisition date. The following table summarizes the consideration transferred to acquire Learning House and the preliminary allocation of the purchase price among the assets acquired and the liabilities assumed.
|  | Preliminary Allocation as of April 30, 2019 |
Total consideration transferred |  | $ | 201,274 |
Assets: |  |  |  |
Current Assets |  |  |  |
Cash and cash equivalents |  |  | 10,293 |
Accounts receivable, net |  |  | 8,621 |
Prepaid expenses and other current assets |  |  | 1,439 |
Total Current Assets |  |  | 20,353 |
Technology, Property and Equipment, net |  |  | 343 |
Intangible Assets, net |  |  | 109,548 |
Goodwill |  |  | 110,805 |
Other Non-Current Assets |  |  | 5,025 |
Total Assets |  | $ | 246,074 |
Liabilities: |  |  |  |
Current Liabilities |  |  |  |
Accounts payable |  |  | 1,542 |
Contract liability (Deferred revenue) |  |  | 959 |
Accrued employment costs |  |  | 4,925 |
Other accrued liabilities |  |  | 9,422 |
Total Current Liabilities |  |  | 16,848 |
Deferred Income Tax Liabilities |  |  | 26,769 |
Other Long-Term Liabilities |  |  | 1,184 |
Total Liabilities |  | $ | 44,801 |
Intangible Assets Acquired and Weighted-Average Useful Life | The following table summarizes the identifiable intangible assets acquired and their weighted-average useful life at the date of acquisition.
|  | Estimated Fair Value |  |  | Weighted-Average Useful Life (in Years) |
Customer Relationships |  | $ | 103,850 |  |  |  | 15 |
Course Content |  |  | 5,698 |  |  |  | 4 |
Total |  | $ | 109,548 |  |  |  |  |

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