Note 19 – Segment Information

Our segment reporting structure consists of three reportable segments, which are listed below and a Corporate category as follows:

•Research;

•Publishing; and

•Solutions

Segment information is as follows:

	For the Years Ended April 30,
	2019			2018			2017
Revenue:
Research	$	937,313		$	934,395		$	853,489
Publishing		574,192			617,648			633,449
Solutions		288,564			244,060			231,592
Total Revenue	$	1,800,069		$	1,796,103		$	1,718,530

Contribution to Profit⁽¹⁾:
Research	$	258,875		$	271,326		$	250,648
Publishing		118,901			121,639			124,531
Solutions		14,967			22,099			14,822
Total Contribution to Profit	$	392,743		$	415,064		$	390,001
Corporate Expenses		(168,754	)		(183,603	)		(178,531	)
Operating Income	$	223,989		$	231,461		$	211,470

⁽¹⁾ Due to the retrospective adoption of ASU 2017-07, total net benefits (costs) of $8.1 million and $(5.3) 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 years ended April 30, 2018 and 2017, respectively. Refer to Note 2, "Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards," for more information. The impact of the reclassification on Contribution to Profit by segment for the year ended April 30, 2018 was $4.2 million in Research, $2.3 million in Publishing, and $1.6 million in Corporate expenses. The impact of the reclassification on Contribution to Profit by segment for the year ended April 30, 2017 was $1.6 million in Research, $1.2 million in Publishing, and $(8.1) million in Corporate expenses.

See Note 3, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the years ended April 30, 2019, 2018 and 2017.

	For the Years Ended April 30,
	2019			2018			2017
Total Assets
Research	$	1,152,973		$	1,238,178		$	1,133,846
Publishing		643,549			575,033			582,339
Solutions		751,854			563,489			575,068
Corporate		388,626			462,751			314,964
Total	$	2,937,002		$	2,839,451		$	2,606,217

Product Development Spending and Additions to Technology, Property and Equipment
Research	$	(6,457	)	$	(7,538	)	$	(154,189	)
Publishing		(19,712	)		(23,666	)		(29,420	)
Solutions		(9,001	)		(16,786	)		(21,210	)
Corporate		(66,423	)		(102,738	)		(98,608	)
Total	$	(101,593	)	$	(150,728	)	$	(303,427	)

Depreciation and Amortization
Research	$	37,088		$	33,655		$	29,330
Publishing		33,892			39,495			43,831
Solutions		34,300			27,703			26,792
Corporate		55,875			53,136			56,608
Total	$	161,155		$	153,989		$	156,561

Revenue from external customers is based on the location of the customer and Technology, Property and Equipment, Net by geographic area were as follows:

	Revenue, net						Technology, Property and Equipment, Net
	2019		2018		2017		2019		2018		2017
United States	$	932,927	$	913,852	$	786,574	$	252,459	$	249,542	$	208,572
United Kingdom		150,242		147,406		189,479		18,331		20,955		21,368
Germany		97,505		98,404		75,090		8,423		9,259		8,770
Japan		77,145		81,572		62,674		87		72		75
Australia		77,453		78,270		66,309		1,440		1,454		591
China		55,024		53,076		39,653		688		229		270
Canada		50,882		55,568		50,740		2,659		3,635		1,232
France		51,441		51,826		44,760		403		635		335
India		36,472		41,637		34,306		1,299		1,437		245
Other Countries		270,978		274,492		368,945		3,232		2,716		1,600
Total	$	1,800,069	$	1,796,103	$	1,718,530	$	289,021	$	289,934	$	243,058