Goodwill and Intangible Assets (Tables)

12 Months Ended

Apr. 30, 2019

Goodwill and Intangible Assets [Abstract]

The following table summarizes the activity in goodwill by segment as of April 30:

	2018 ⁽¹⁾		Acquisition ⁽²⁾		Foreign Translation Adjustment			2019
Research	$	463,419	$	—	$	(24,908	)	$	438,511
Publishing		283,851		—		(706	)		283,145
Solutions		272,531		110,805		(9,326	)		374,010
Total	$	1,019,801	$	110,805	$	(34,940	)	$	1,095,666

(1)	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.

(2)	Refer to Note 4, “Acquisition,” in the Notes to Consolidated Financial Statements for more information related to the acquisition of Learning House on November 1, 2018.

Intangible Assets

Intangibles

Intangible assets, net as of April 30 were as follows:

	2019										2018
	Cost		Accumulated Amortization			Accumulated Impairment			Net		Cost		Accumulated Amortization			Accumulated Impairment			Net
Intangible Assets with Determinable Lives, net
Content and Publishing Rights ⁽¹⁾	$	806,628	$	(417,456	)	$	—		$	389,172	$	824,146	$	(387,386	)	$	—		$	436,760
Customer Relationships ⁽¹⁾		310,977		(65,147	)		—			245,830		212,020		(50,291	)		—			161,729
Brands and Trademarks		32,802		(19,809	)		—			12,993		32,111		(16,011	)		—			16,100
Covenants not to Compete		1,681		(1,236	)		—			445		1,499		(844	)		—			655
Total		1,152,088		(503,648	)		—			648,440		1,069,776		(454,532	)		—			615,244
Intangible Assets with Indefinite Lives
Brands and Trademarks		134,509		—			(3,600	)		130,909		142,189		—			(3,600	)		138,589
Content and Publishing Rights		86,223		—			—			86,223		94,238		—			—			94,238
Total		220,732		—			(3,600	)		217,132		236,427		—			(3,600	)		232,827
Total Intangible Assets, Net	$	1,372,820	$	(503,648	)	$	(3,600	)	$	865,572	$	1,306,203	$	(454,532	)	$	(3,600	)	$	848,071

⁽¹⁾ As of April 30, 2019, amounts include intangible assets acquired as part of the acquisition of Learning House on November 1, 2018. Refer to Note 4, “Acquisition,” in the Notes to Consolidated Financial Statements for more information related to the acquisition of Learning House.

Future Amortization Expense

Based on the current amount of intangible assets subject to amortization and assuming current foreign exchange rates, the estimated amortization expense for the following years are as follows:

Fiscal Year	Amount
2020	$	50,419
2021		48,517
2022		44,115
2023		40,305
2024		37,929
Thereafter		427,155
Total	$	648,440