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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Operating Activities    
Net income $ 105,021 $ 138,126
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangibles 39,825 35,965
Amortization of product development spending 29,301 30,314
Depreciation and amortization of technology, property and equipment 52,414 48,471
Restructuring charges 3,562 26,531
Stock-based compensation expense 14,974 6,510
Royalty advances (100,454) (89,366)
Earned royalty advances 94,240 81,976
Impairment of publishing brand 0 3,600
Other non-cash credits 10,898 (4,976)
Net change in operating assets and liabilities (202,173) (86,484)
Net Cash Provided by Operating Activities 47,608 190,667
Investing Activities    
Product development spending (14,251) (30,426)
Additions to technology, property and equipment (49,988) (78,958)
Businesses acquired in purchase transaction, net of cash acquired (190,467) 0
Acquisitions of publication rights and other (4,386) (25,227)
Net Cash Used in Investing Activities (259,092) (134,611)
Financing Activities    
Repayment of long-term debt (217,200) (238,951)
Borrowing of long-term debt 490,512 305,754
Purchase of treasury shares (34,994) (29,257)
Change in book overdrafts (6,657) (8,884)
Cash dividends (56,963) (55,093)
Net proceeds from exercise of stock options and other 6,278 30,606
Net Cash Provided by Financing Activities 180,976 4,175
Effects of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash [1] (6,359) 10,015
Cash, Cash Equivalents and Restricted Cash    
(Decrease)/Increase for the Period [1] (36,867) 70,246
Balance at Beginning of Period [1] 170,257 58,516
Balance at End of Period [1] 133,390 128,762
Cash Paid During the Period for:    
Interest 10,781 10,766
Income taxes, net of refunds 29,604 39,655
Warrants [Member]    
Non-cash items associated with acquisition    
Warrants to purchase 0.4 million shares of Wiley Class A Common Stock issued in connection with the Learning House acquisition   $ 0
Learning House [Member] | Warrants [Member]    
Non-cash items associated with acquisition    
Warrants to purchase 0.4 million shares of Wiley Class A Common Stock issued in connection with the Learning House acquisition $ 565  
[1] Due to the retrospective adoption of ASU 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash," we are now required to include restricted cash as part of the change in cash, cash equivalents, and restricted cash. As a result, amounts which were previously classified as cash flows from operating activities have been reclassified as they are recognized in the total change in cash, cash equivalents and restricted cash. Refer to Note 2, "Recent Accounting Standards," in the Notes to Unaudited Condensed Consolidated Financial Statements for more information.