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Supplementary Quarterly Financial Information - Results By Quarter (Unaudited) | 12 Months Ended
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Apr. 30, 2019
Supplementary Quarterly Financial Information - Results By Quarter (Unaudited) [Abstract] |
Supplementary Quarterly Financial Information - Results By Quarter (Unaudited) | Note 20 – Supplementary Quarterly Financial Information - Results By Quarter (Unaudited)
Amounts in millions, except per share data |  | 2019 |  |  | 2018 |
Revenue, net |  |  |  |  |  |
First Quarter |  | $ | 410.9 |  |  | $ | 411.4 |
Second Quarter |  |  | 448.6 |  |  |  | 451.7 |
Third Quarter |  |  | 449.4 |  |  |  | 455.7 |
Fourth Quarter |  |  | 491.2 |  |  |  | 477.3 |
Year ended April 30, |  | $ | 1,800.1 |  |  | $ | 1,796.1 |
Gross Profit (1) |  |  |  |  |  |  |  |
First Quarter |  | $ | 283.1 |  |  | $ | 285.5 |
Second Quarter |  |  | 316.0 |  |  |  | 319.6 |
Third Quarter |  |  | 305.5 |  |  |  | 319.3 |
Fourth Quarter |  |  | 340.7 |  |  |  | 340.7 |
Year ended April 30, |  | $ | 1,245.3 |  |  | $ | 1,265.1 |
Operating Income (2) |  |  |  |  |  |  |  |
First Quarter |  | $ | 36.1 |  |  | $ | 12.6 |
Second Quarter |  |  | 57.5 |  |  |  | 80.8 |
Third Quarter |  |  | 50.3 |  |  |  | 65.4 |
Fourth Quarter |  |  | 80.1 |  |  |  | 72.7 |
Year ended April 30, |  | $ | 224.0 |  |  | $ | 231.5 |
Net Income |  |  |  |  |  |  |  |
First Quarter |  | $ | 26.3 |  |  | $ | 9.2 |
Second Quarter |  |  | 43.8 |  |  |  | 60.0 |
Third Quarter |  |  | 34.9 |  |  |  | 68.8 |
Fourth Quarter |  |  | 63.3 |  |  |  | 54.2 |
Year ended April 30, |  | $ | 168.3 |  |  | $ | 192.2 |
|  | 2019 |  |  | 2018 |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
Earnings Per Share (3) |  |  |  |  |  |  |  |  |  |  |  |
First Quarter |  | $ | 0.46 |  |  | $ | 0.45 |  |  | $ | 0.16 |  |  | $ | 0.16 |
Second Quarter |  |  | 0.76 |  |  |  | 0.76 |  |  |  | 1.06 |  |  |  | 1.04 |
Third Quarter |  |  | 0.61 |  |  |  | 0.61 |  |  |  | 1.21 |  |  |  | 1.19 |
Fourth Quarter |  |  | 1.11 |  |  |  | 1.10 |  |  |  | 0.95 |  |  |  | 0.93 |
Year ended April 30, |  | $ | 2.94 |  |  | $ | 2.91 |  |  | $ | 3.37 |  |  | $ | 3.32 |
(1) In connection with the acquisition of Learning House, we changed our accounting policy for certain advertising and marketing costs incurred by our Education Services business to fulfill performance obligations from contracts with educational institutions. Under the new accounting policy, these costs are included in Cost of Sales whereas they were previously included in Operating and Administrative Expenses on the Consolidated Statements of Income. This change in accounting policy was applied retrospectively. This reclassification had no impact on Revenue, net, Operating Income, Net Income, or Earnings per Share. Refer to “Change in Accounting Policy” in Note 2, "Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards," for more information on the accounting policy change and Note 4, “Acquisition,” for more information related to the acquisition of Learning House. (2) Due to the retrospective adoption of ASU 2017-07, “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,”, we reclassified total net benefits related to the non-service components of defined benefit and other post-employment benefit plans from Operating and Administrative Expenses to Interest and Other Income (Expense) on the Consolidated Statements of Income. Refer to Note 2, “Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards,” for more information. (3) The sum of the quarterly earnings per share amounts may not agree to the respective annual amounts due to rounding.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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