Goodwill and Intangible Assets

3 Months Ended

Jul. 31, 2020

Note 12 — Goodwill and Intangible Assets

Goodwill

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

	April 30, 2020		Acquisitions ⁽¹⁾			Foreign Translation Adjustment		July 31, 2020
Research Publishing & Platforms	$	448,130	$	(11,212	)	$	15,490	$	452,408
Academic & Professional Learning		501,091		—			8,794		509,885
Education Services		167,569		—			3,748		171,317
Total	$	1,116,790	$	(11,212	)	$	28,032	$	1,133,610

⁽¹⁾	Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in fiscal year 2020, and the revisions that were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed during the three months ended July 31, 2020.

Intangible Assets

Intangible assets, net were as follows:

	July 31, 2020		April 30, 2020
Intangible Assets with Definite Lives, net:
Content and Publishing Rights ⁽¹⁾	$	366,888	$	362,106
Customer Relationships ⁽¹⁾		284,433		290,418
Developed Technology ⁽¹⁾		28,734		13,111
Brands and Trademarks ⁽¹⁾		20,371		20,188
Covenants not to Compete		197		246
Total		700,623		686,069
Intangible Assets with Indefinite Lives:
Brands and Trademarks		37,000		37,000
Publishing Rights		91,608		84,336
Total		128,608		121,336
Total Intangible Assets, Net	$	829,231	$	807,405

⁽¹⁾	Refer to Note 3, “Acquisitions,” for more information related to the acquisitions that occurred in fiscal year 2020 and the revisions that were made to the allocation of the consideration transferred to the assets acquired and liabilities assumed during the three months ended July 31, 2020.