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Segment Information
 3 Months Ended
Jul. 31, 2020
Segment Information [Abstract]  
Segment Information
Note 10 — Segment Information

We report our segment information in accordance with the provisions of FASB ASC Topic 280, “Segment Reporting”. These segments reflect the way our chief operating decision maker evaluates our business performance and manages the operations.

Segment information is as follows:

  
Three Months Ended
July 31,
  
   
2020
    
2019
  
Revenue:
            
Research Publishing & Platforms
  
$
240,810
    
$
229,375
  
Academic & Professional Learning
    
126,913
      
144,858
  
Education Services
    
63,603
      
49,297
  
Total Revenue
  
$
431,326
    
$
423,530
  
                 
Contribution to Profit:
                
Research Publishing & Platforms
  
$
69,818
    
$
55,646
  
Academic & Professional Learning
    
(380
)
    
4,911
  
Education Services
    
558
      
(7,199
)
Total Contribution to Profit
    
69,996
      
53,358
  
Corporate Expenses
    
(39,957
)
    
(48,799
)
Operating Income
  
$
30,039
    
$
4,559
  
                 
Adjusted Contribution to Profit: (1)
                
Research Publishing & Platforms
  
$
69,621
    
$
58,266
  
Academic & Professional Learning
    
(347
)
    
7,716
  
Education Services
    
697
      
(5,110
)
Total Adjusted Contribution to Profit
    
69,971
      
60,872
  
Adjusted Corporate Expenses
    
(37,714
)
    
(45,578
)
Total Adjusted Operating Income
  
$
32,257
    
$
15,294
  
                 
Depreciation and Amortization:
                
   Research Publishing & Platforms
  
$
19,701
    
$
17,153
  
   Academic & Professional Learning
    
18,804
      
16,524
  
   Education Services
    
7,279
      
5,498
  
Total Depreciation and Amortization
    
45,784
      
39,175
  
Corporate Depreciation and Amortization
    
3,723
      
3,044
  
Total Depreciation and Amortization
  
$
49,507
    
$
42,219
  
                 
Adjusted EBITDA:(2)
                
Research Publishing & Platforms
  
$
89,322
    
$
75,419
  
Academic & Professional Learning
    
18,457
      
24,240
  
Education Services
    
7,976
      
388
  
Total Segment Adjusted EBITDA
    
115,755
      
100,047
  
Corporate Adjusted EBITDA
    
(33,991
)
    
(42,534
)
Total Adjusted EBITDA
  
$
81,764
    
$
57,513
  

(1)
Adjusted Contribution to Profit is Contribution to Profit adjusted for restructuring charges (credits). See Note 9, “Restructuring and Related Charges” for these charges (credits) by segment.
(2)
Adjusted EBITDA is Adjusted Contribution to Profit with depreciation and amortization added back.


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

  
Three Months Ended
July 31,
  
   
2020
    
2019
  
Net Income
  
$
16,334
    
$
3,624
  
Interest expense
    
4,614
      
6,077
  
Provision for income taxes
    
13,400
      
343
  
Depreciation and amortization
    
49,507
      
42,219
  
Non-GAAP EBITDA
  
$
83,855
    
$
52,263
  
Restructuring and related charges
    
2,218
      
10,735
  
Foreign exchange transaction losses (gains)
    
82
      
(2,652
)
Interest and other income
    
(4,391
)
    
(2,833
)
Non-GAAP Adjusted EBITDA
  
$
81,764
    
$
57,513