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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Apr. 30, 2019
Apr. 30, 2018
Current Assets    
Cash and cash equivalents $ 92,890 $ 169,773
Accounts receivable, net 294,867 [1] 212,377
Inventories, net 35,582 39,489
Prepaid expenses and other current assets 67,441 58,332
Total Current Assets 490,780 479,971
Product Development Assets 62,470 78,814
Royalty Advances, net 36,185 37,058
Technology, Property and Equipment, net 289,021 289,934
Intangible Assets, net 865,572 848,071
Goodwill 1,095,666 1,019,801 [2]
Other Non-Current Assets 97,308 85,802
Total Assets 2,937,002 2,839,451
Current Liabilities    
Accounts payable 90,980 90,097
Accrued royalties 78,062 73,007
Contract liability (Deferred revenue) 507,365 [1] 486,353
Accrued employment costs 97,230 116,179
Accrued income taxes 21,025 13,927
Other accrued liabilities 75,900 94,748
Total Current Liabilities 870,562 874,311
Long-Term Debt 478,790 360,000
Accrued Pension Liability 166,331 190,301
Deferred Income Tax Liabilities 143,775 143,518
Other Long-Term Liabilities 96,197 80,764
Total Liabilities 1,755,655 1,648,894
Shareholders' Equity    
Preferred Stock, $1 par value: Authorized - 2 million, Issued 0 0 0
Additional paid-in-capital 422,305 407,120
Retained earnings 1,931,074 1,834,057
Accumulated other comprehensive (loss):    
Foreign currency translation adjustment (312,107) (251,573)
Unamortized retirement costs, net of tax (196,057) (191,026)
Unrealized (loss) gain on interest rate swap, net of tax (574) 3,019
Total accumulated other comprehensive loss, net of tax (508,738) (439,580)
Less: Treasury Shares At Cost (Class A - 22,633,869 and 21,853,257 as of April 30, 2019 and 2018, respectively, Class B - 3,917,574 and 3,917,574 of April 30, 2019 and 2018, respectively) (746,476) (694,222)
Total Shareholders' Equity 1,181,347 1,190,557
Total Liabilities and Shareholders' Equity 2,937,002 2,839,451
Class A [Member]    
Shareholders' Equity    
Common Stock 70,127 70,111
Class B [Member]    
Shareholders' Equity    
Common Stock $ 13,055 $ 13,071
[1] Due to the adoption of the new revenue standard, the sales return reserve as of April 30, 2019 of $25.9 million is recorded in Contract Liability (Deferred Revenue). In prior periods, it was recorded as a reduction to Accounts Receivable, net on the Consolidated Statements of Financial Position. At April 30, 2018 the sales return reserve was $28.3 million.
[2] The April 30, 2018 goodwill balances were revised for the Publishing segment which decreased and the Solutions segment which increased to reflect foreign translation adjustments of $11.6 million.