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Segment Information (Tables)

12 Months Ended

Apr. 30, 2020

Segment Information [Abstract]

Segment Information

Segment information is as follows:

		For the Years Ended April 30,
		2020				2019				2018
Revenue:
Research Publishing & Platforms		$	948,839			$	939,217			$	936,857
Academic & Professional Learning			650,789				703,303				740,115
Education Services			231,855				157,549				119,131
Total Revenue		$	1,831,483			$	1,800,069			$	1,796,103
Contribution to (Loss) Profit:
Research Publishing & Platforms		$	169,119			$	259,754			$	272,904
Academic & Professional Learning			74,176				146,265				144,041
Education Services			(117,515	)			(13,272	)			(1,899	)
Total Contribution to Profit		$	125,780			$	392,747			$	415,046
Corporate Expenses			(180,067	)			(168,758	)			(183,585	)
Operating (Loss) Income		$	(54,287	)		$	223,989			$	231,461
Adjusted Contribution to Profit: (1)
Research Publishing & Platforms		$	265,353			$	260,885			$	278,161
Academic & Professional Learning			84,646				147,404				155,885
Education Services			(3,844	)			(12,883	)			(5	)
Total Adjusted Contribution to Profit		$	346,155			$	395,406			$	434,041
Adjusted Corporate Expenses			(165,487	)			(168,299	)			(170,414	)
Total Adjusted Operating Income		$	180,668			$	227,107			$	263,627
Depreciation and Amortization:
Research Publishing & Platforms		$	69,495			$	60,889			$	54,805
Academic & Professional Learning			69,807				68,126				72,274
Education Services			24,131				18,117				13,112
Total Depreciation and Amortization		$	163,433			$	147,132			$	140,191
Corporate Depreciation and Amortization			11,694				14,023				13,798
Total Depreciation and Amortization		$	175,127			$	161,155			$	153,989
Adjusted EBITDA: (2)
Research Publishing & Platforms		$	334,848			$	321,774			$	332,966
Academic & Professional Learning			154,453				215,530				228,159
Education Services			20,287				5,234				13,107
Total Segment Adjusted EBITDA		$	509,588			$	542,538			$	574,232
Corporate Adjusted EBITDA			(153,793	)			(154,276	)			(156,616	)
Total Adjusted EBITDA		$	355,795			$	388,262			$	417,616

⁽¹⁾ Adjusted Contribution to Profit is Contribution to (Loss) Profit adjusted for restructuring charges and impairment of goodwill and intangible assets. See Note 7, “Restructuring and Related Charges” and Note 11, “Goodwill and Intangible Assets” for these charges by segment.

⁽²⁾ Adjusted EBITDA is Adjusted Contribution to Profit with depreciation and amortization added back.

Reconciliation of GAAP Net Income to Non-GAAP EBITDA and Adjusted EBITDA

The following table shows a reconciliation of our consolidated U.S. GAAP net (loss) income to Non-GAAP EBITDA and Adjusted EBITDA:

		For the Years Ended April 30,
		2020				2019				2018
Net (Loss) Income		$	(74,287	)		$	168,263			$	192,186
Interest expense			24,959				16,121				13,274
Provision for income taxes			11,195				44,689				21,745
Depreciation and amortization			175,127				161,155				153,989
Non-GAAP EBITDA		$	136,994			$	390,228			$	381,194
Impairment of goodwill and intangible assets			202,348				—				3,600
Restructuring and related charges			32,607				3,118				28,566
Foreign exchange transaction (gains) losses			(2,773	)			6,016				12,819
Interest and other income			(13,381	)			(11,100	)			(8,563	)
Non-GAAP Adjusted EBITDA		$	355,795			$	388,262			$	417,616

Total Revenue by Product/Service and Total Assets, Expenditure for Long-Lived Assets and Depreciation and Amortization by Segment

See Note 3, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the years ended April 30, 2020, 2019 and 2018.

		For the Years Ended April 30,
		2020				2019				2018
Total Assets
Research Publishing & Platforms		$	1,225,313			$	1,172,145			$	1,242,458
Academic & Professional Learning			924,924				959,601				942,598
Education Services			486,316				440,516				199,023
Corporate			532,241				376,504				455,372
Total		$	3,168,794			$	2,948,766			$	2,839,451
Product Development Spending and Additions to Technology, Property and Equipment
Research Publishing & Platforms		$	(16,329	)		$	(12,928	)		$	(24,961	)
Academic & Professional Learning			(38,229	)			(32,337	)			(43,625	)
Education Services			(613	)			(3,160	)			(5,991	)
Corporate			(60,030	)			(53,168	)			(76,151	)
Total		$	(115,201	)		$	(101,593	)			(150,728	)

Revenue from External Customers Based on Location of The Customer and Technology, Property and Equipment by Geographical Area

Revenue from external customers is based on the location of the customer and Technology, Property and Equipment, Net by geographic area were as follows:

		Revenue, net												Technology, Property and Equipment, Net
		2020				2019				2018				2020				2019				2018
United States		$	944,075			$	932,927			$	913,852			$	261,296			$	252,459			$	249,542
United Kingdom			174,567				150,242				147,406				18,076				18,331				20,955
Germany			113,664				97,505				98,404				8,059				8,423				9,259
Japan			75,104				77,145				81,572				112				87				72
Australia			73,718				77,453				78,270				1,051				1,440				1,454
China			58,870				55,024				53,076				492				688				229
Canada			56,370				50,882				55,568				1,734				2,659				3,635
France			45,033				51,441				51,826				1,358				403				635
Scandinavia			29,682				30,971				31,695				223				229				309
Other Countries			260,400				276,479				284,434				5,604				4,302				3,844
Total		$	1,831,483			$	1,800,069			$	1,796,103			$	298,005			$	289,021			$	289,934

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