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Segment Information (Tables)

3 Months Ended

Jul. 31, 2019

Segment Information [Abstract]

Segment Information

Segment information is as follows:

		Three Months Ended July 31,
		2019				2018
Revenue:
Research Publishing & Platforms		$	229,375			$	225,317
Education Publishing & Professional Learning			144,858				156,424
Education Services			49,297				29,160
Total Revenue		$	423,530			$	410,901
Contribution to Profit:
Research Publishing & Platforms		$	55,646			$	57,317
Education Publishing & Professional Learning			4,911				21,767
Education Services			(7,199	)			(5,019	)
Total Contribution to Profit			53,358				74,065
Corporate Expenses			(48,799	)			(37,925	)
Operating Income		$	4,559			$	36,140
Adjusted Contribution to Profit: (1)
Research Publishing & Platforms		$	58,266			$	56,337
Education Publishing & Professional Learning			7,716				21,050
Education Services			(5,110	)			(5,227	)
Total Adjusted Contribution to Profit			60,872				72,160
Adjusted Corporate Expenses			(45,578	)			(42,106	)
Total Adjusted Operating Income		$	15,294			$	30,054
Depreciation and Amortization:
Research Publishing & Platforms		$	17,153			$	15,365
Education Publishing & Professional Learning			16,524				17,577
Education Services			5,498				3,467
Total Depreciation and Amortization			39,175				36,409
Corporate Depreciation and Amortization			3,044				3,762
Total Depreciation and Amortization		$	42,219			$	40,171
Adjusted EBITDA:
Research Publishing & Platforms		$	75,419			$	71,702
Education Publishing & Professional Learning			24,240				38,627
Education Services			388				(1,760	)
Total Segment Adjusted EBITDA			100,047				108,569
Corporate Adjusted EBITDA			(42,534	)			(38,344	)
Total Adjusted EBITDA		$	57,513			$	70,225

⁽¹⁾ Adjusted Contribution to Profit is Contribution to Profit adjusted for restructuring charges (credits). See Note 9, “Restructuring and Related Charges” for these charges (credits) by segment.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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- References

No definition available.

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