Acquisition (Tables)

12 Months Ended

Apr. 30, 2020

Consideration Transferred and Allocation of Purchase Price

The following table summarizes the preliminary consideration transferred to acquire mthree and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed.

	Preliminary Allocation
Total cash consideration transferred	$	122,242

Assets:
Current Assets		8,750
Technology, Property and Equipment, net		484
Intangible Assets, net		56,836
Goodwill		82,561
Operating Lease Right-of-Use Assets		3,710
Total Assets	$	152,341

Liabilities:
Current Liabilities		14,380
Deferred Income Tax Liabilities		12,722
Operating Lease Liabilities		2,692
Other Long-Term Liabilities		305
Total Liabilities	$	30,099

Intangible Assets Acquired and Weighted-Average Useful Life

The following table summarizes the identifiable intangible assets acquired and their weighted-average useful life at the date of acquisition.

	Estimated Fair Value		Weighted- Average Useful Life (in Years)
Customer Relationships	$	48,792		12
Trademarks		6,725		10
Content		1,319		4
Total	$	56,836

zybooks [Member]

Business Acquisition [Line Items]

Consideration Transferred and Allocation of Purchase Price

The following table summarizes the consideration transferred to acquire zyBooks and the allocation of the purchase price among the assets acquired and liabilities assumed.

	Final Allocation
Total cash consideration transferred	$	55,939

Assets:
Current Assets		2,280
Technology, Property and Equipment, net		28
Intangible Assets, net		24,500
Goodwill		36,903
Total Assets	$	63,711

Liabilities:
Current Liabilities		2,581
Deferred Income Tax Liabilities		5,191
Total Liabilities	$	7,772

Intangible Assets Acquired and Weighted-Average Useful Life

The following table summarizes the identifiable intangible assets acquired and their weighted-average useful life at the date of acquisition.

	Fair Value		Weighted- Average Useful Life (in Years)
Developed Technology	$	10,400		7
Customer Relationships		6,800		10
Content		4,400		10
Trademarks		2,900		10
Total	$	24,500

The Learning House, Inc. [Member]

Business Acquisition [Line Items]

Consideration Transferred and Allocation of Purchase Price

The following table summarizes the consideration transferred to acquire Learning House and the allocation of the purchase price among the assets acquired and the liabilities assumed.

	Final Allocation
Total consideration transferred	$	201,274

Assets:
Current Assets		20,353
Technology, Property and Equipment, net		343
Intangible Assets, net		109,548
Goodwill		110,966
Other Non-Current Assets		5,025
Total Assets	$	246,235

Liabilities:
Current Liabilities		16,999
Deferred Income Tax Liabilities		26,778
Other Long-Term Liabilities		1,184
Total Liabilities	$	44,961

Intangible Assets Acquired and Weighted-Average Useful Life

The following table summarizes the identifiable intangible assets acquired and their weighted-average useful life at the date of acquisition.

	Fair Value		Weighted- Average Useful Life (in Years)
Customer Relationships	$	103,850		15
Course Content		5,698		4
Total	$	109,548