Goodwill and Intangible Assets

9 Months Ended

Jan. 31, 2020

Goodwill and Intangible Assets [Abstract]

Note 12 — Goodwill and Intangible Assets

Goodwill

The following table summarizes the activity in goodwill by segment as of January 31, 2020:

	April 30, 2019		Acquisitions ⁽¹⁾		Foreign Translation Adjustment			January 31, 2020
Research Publishing & Platforms	$	438,511	$	844	$	4,482		$	443,837
Academic & Professional Learning		458,145		45,807		(718	)		503,234
Education Services		199,010		80,440		(264	)		279,186
Total	$	1,095,666	$	127,091	$	3,500		$	1,226,257

⁽¹⁾	Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in the nine months ended January 31, 2020.

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:

	January 31, 2020		April 30, 2019
Intangible Assets with Determinable Lives, net:
Content and Publishing Rights ⁽¹⁾	$	383,874	$	389,172
Customer Relationships ⁽¹⁾		286,034		245,830
Brands and Trademarks ⁽¹⁾		20,361		12,993
Covenants not to Compete		296		445
Developed Technology ⁽¹⁾		17,146		—
Total		707,711		648,440
Intangible Assets with Indefinite Lives:
Brands and Trademarks		132,701		130,909
Content and Publishing Rights		85,522		86,223
Total		218,223		217,132
Total Intangible Assets, Net	$	925,934	$	865,572

⁽¹⁾	Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in the nine months ended January 31, 2020.