Goodwill and Intangible Assets

6 Months Ended

Oct. 31, 2019

Goodwill and Intangible Assets [Abstract]

Note 12 — Goodwill and Intangible Assets

Goodwill

The following table summarizes the activity in goodwill by segment as of October 31, 2019:

	April 30, 2019		Acquisitions ⁽¹⁾		Foreign Translation Adjustment		October 31, 2019
Research Publishing & Platforms	$	438,511	$	844	$	640	$	439,995
Academic & Professional Learning		458,145		45,752		134		504,031
Education Services		199,010		161		—		199,171
Total	$	1,095,666	$	46,757	$	774	$	1,143,197

⁽¹⁾	Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in the six months ended October 31, 2019.

As previously announced, we have changed our segment reporting structure to align with our strategic focus areas. See Note 10, “Segment Information,” for more details. Due to this reorganization, we have reallocated goodwill to our reporting units using a relative fair value approach. We tested goodwill for impairment immediately before and after the reorganization, and we concluded that the fair values of the reporting units were above their carrying values and, therefore, there was no indication of impairment.

Intangible Assets

Identifiable intangible assets, net consisted of the following:

	October 31, 2019		April 30, 2019
Intangible Assets with Determinable Lives, net:
Content and Publishing Rights ⁽¹⁾	$	384,364	$	389,172
Customer Relationships ⁽¹⁾		245,822		245,830
Brands and Trademarks ⁽¹⁾		11,753		12,993
Covenants not to Compete		345		445
Developed Technology ⁽¹⁾		17,989		—
Total		660,273		648,440
Intangible Assets with Indefinite Lives:
Brands and Trademarks		134,005		130,909
Content and Publishing Rights		86,335		86,223
Total		220,340		217,132
Total Intangible Assets, Net	$	880,613	$	865,572

⁽¹⁾	Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in the six months ended October 31, 2019.