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Restructuring and Related Charges | 3 Months Ended
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Jul. 31, 2020
Restructuring and Related Charges [Abstract] |
Restructuring and Related Charges | Note 9 — Restructuring and Related Charges Business Optimization Program Beginning in fiscal year 2020, we initiated a multi-year Business Optimization Program (the “Business Optimization Program”) to drive efficiency improvement and operating savings. The following tables summarize the pre-tax restructuring charges (credits) related to this program:
|  | Three Months Ended July 31, |  |  | Total Charges |
|  | 2020 |  |  | 2019 |  |  | Incurred to Date |
Charges (Credits) by Segment: |  |  |  |  |  |  |  |  |
Research Publishing & Platforms |  | $ | (197 | ) |  | $ | 2,636 |  |  | $ | 3,349 |
Academic & Professional Learning |  |  | (227 | ) |  |  | 2,777 |  |  |  | 10,248 |
Education Services |  |  | 139 |  |  |  | 2,192 |  |  |  | 3,913 |
Corporate Expenses |  |  | 2,470 |  |  |  | 3,265 |  |  |  | 17,488 |
Total Restructuring and Related Charges |  | $ | 2,185 |  |  | $ | 10,870 |  |  | $ | 34,998 |
Charges by Activity: |  |  |  |  |  |  |  |  |  |  |  |
Severance and termination benefits |  | $ | 1,110 |  |  | $ | 10,709 |  |  | $ | 27,974 |
Operating lease right-of-use asset impairment |  |  | — |  |  |  | 161 |  |  |  | 161 |
Facility related charges |  |  | 1,075 |  |  |  | — |  |  |  | 5,061 |
Other activities |  |  | — |  |  |  | — |  |  |  | 1,802 |
Total Restructuring and Related Charges |  | $ | 2,185 |  |  | $ | 10,870 |  |  | $ | 34,998 |
The following table summarizes the activity for the Business Optimization Program liability for the three months ended July 31, 2020:
|  | April 30, 2020 |  |  | Charges |  |  | Payments |  |  | Foreign Translation & Other Adjustments |  |  | July 31, 2020 |
Severance and termination benefits |  | $ | 17,632 |  |  | $ | 1,110 |  |  | $ | (6,966 | ) |  | $ | 478 |  |  | $ | 12,254 |
Other activities |  |  | 430 |  |  |  | — |  |  |  | (206 | ) |  |  | (2 | ) |  |  | 222 |
Total |  | $ | 18,062 |  |  | $ | 1,110 |  |  | $ | (7,172 | ) |  | $ | 476 |  |  | $ | 12,476 |
Approximately $12.0 million of the restructuring liability for accrued severance and termination benefits is reflected in Accrued Employment Costs and approximately $0.3 million is reflected in Other Long-Term Liabilities on our Unaudited Condensed Consolidated Statement of Financial Position. The amount included in Other Long-Term Liabilities that relates to severance and termination benefits is expected to be paid in the year ended April 30, 2022. The restructuring liability as of July 31, 2020 for other activities is reflected in Other Accrued Liabilities on our Unaudited Condensed Consolidated Statement of Financial Position. Restructuring and Reinvestment Program Beginning in the year ended April 30, 2013, we initiated a global program (the “Restructuring and Reinvestment Program”) to restructure and realign our cost base with current and anticipated future market conditions. We are targeting a majority of the expected cost savings achieved to improve margins and earnings, while the remainder will be reinvested in high-growth digital business opportunities. The following tables summarize the pre-tax restructuring charges (credits) related to this program:
|  | Three Months Ended July 31, |  |  | Total Charges |
|  | 2020 |  |  | 2019 |  |  | Incurred to Date |
Charges (Credits) by Segment: |  |  |  |  |  |  |  |  |
Research Publishing & Platforms |  | $ | — |  |  | $ | (16 | ) |  | $ | 26,884 |
Academic & Professional Learning |  |  | 260 |  |  |  | 28 |  |  |  | 43,094 |
Education Services |  |  | — |  |  |  | (103 | ) |  |  | 3,764 |
Corporate Expenses |  |  | (227 | ) |  |  | (44 | ) |  |  | 95,713 |
Total Restructuring and Related Charges (Credits) |  | $ | 33 |  |  | $ | (135 | ) |  | $ | 169,455 |
Charges (Credits) by Activity: |  |  |  |  |  |  |  |  |  |  |  |
Severance and termination benefits |  | $ | 33 |  |  | $ | (350 | ) |  | $ | 116,042 |
Consulting and contract termination costs |  |  | — |  |  |  | — |  |  |  | 20,984 |
Other activities |  |  | — |  |  |  | 215 |  |  |  | 32,429 |
Total Restructuring and Related Charges (Credits) |  | $ | 33 |  |  | $ | (135 | ) |  | $ | 169,455 |
The credits in severance and termination benefits activities for the three months ended July 31, 2019 primarily reflect changes in the number of headcount reductions and estimates for previously accrued benefit costs. Other activities for the three months ended July 31, 2019 include facility related costs. The following table summarizes the activity for the Restructuring and Reinvestment Program liability for the three months ended July 31, 2020:
|  | April 30, 2020 |  |  | Charges |  |  | Payments |  |  | Foreign Translation & Other Adjustments |  |  | July 31, 2020 |
Severance and termination benefits |  | $ | 1,360 |  |  | $ | 33 |  |  | $ | (888 | ) |  | $ | 62 |  |  | $ | 567 |
Other activities |  |  | 230 |  |  |  | — |  |  |  | — |  |  |  | 128 |  |  |  | 358 |
Total |  | $ | 1,590 |  |  | $ | 33 |  |  | $ | (888 | ) |  | $ | 190 |  |  | $ | 925 |
The restructuring liability as of July 31, 2020 for accrued severance and termination benefits is reflected in Accrued Employment Costs on our Unaudited Condensed Consolidated Statement of Financial Position. The restructuring liability as of July 31, 2020 of $0.4 million of other activities are reflected in Other Long-Term Liabilities on our Unaudited Condensed Consolidated Statement of Financial Position and mainly relate to facility related costs. The amount included in Other Long-Term Liabilities is expected to be paid in the year ended April 30, 2022. We currently do not anticipate any further material charges related to the Restructuring and Reinvestment Program.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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