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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - UNAUDITED - USD ($)
$ in Thousands
 6 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Operating Activities    
Net income $ 48,314 $ 70,079
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization of intangibles 29,990 25,050
Amortization of product development assets 17,616 18,928
Depreciation and amortization of technology, property and equipment 37,251 35,845
Restructuring and related charges 14,736 3,910
Stock-based compensation expense 10,289 8,882
Employee retirement plan expense 4,054 3,369
Royalty advances (48,250) (50,580)
Earned royalty advances 67,814 71,317
Foreign exchange transaction losses 16 1,783
Other non-cash charges 10,643 4,328
Changes in Operating Assets and Liabilities    
Accounts receivable, net 60,836 1,921
Accounts payable (17,765) (13,856)
Contract liabilities (263,665) (255,890)
Other accrued liabilities (34,612) (54,437)
Other assets and liabilities (36,788) 12,790
Net Cash Used in Operating Activities (99,521) (116,561)
Investing Activities    
Product development spending (11,686) (12,351)
Additions to technology, property and equipment (44,531) (34,560)
Businesses acquired in purchase transactions, net of cash acquired (74,169) 0
Acquisitions of publication rights and other (4,045) (2,795)
Net Cash Used in Investing Activities (134,431) (49,706)
Financing Activities    
Repayment of long-term debt (65,680) (65,800)
Borrowing of long-term debt 383,151 245,075
Payment of debt issuance costs (4,006) 0
Purchase of treasury shares (25,000) (24,994)
Change in book overdrafts 681 (3,066)
Cash dividends (38,486) (38,033)
Net (payments) proceeds from exercise of stock options and other (1,393) 7,283
Net Cash Provided by Financing Activities 249,267 120,465
Effects of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (461) (8,368)
Cash Reconciliation:    
Cash and cash equivalents 92,890 169,773
Restricted cash included in Prepaid expenses and other current assets 658 484
Balance at Beginning of Period 93,548 170,257
Increase/(Decrease) for the Period 14,854 (54,170)
Cash and cash equivalents 107,744 115,603
Restricted cash included in Prepaid expenses and other current assets 658 484
Balance at End of Period 108,402 116,087
Cash Paid During the Period for:    
Interest 12,125 5,713
Income taxes, net of refunds $ 30,170 $ 18,404