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Segment Information
 6 Months Ended
Oct. 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
October 31,
    
Six Months Ended
October 31,
  
   
2020
    
2019
    
2020
    
2019
  
Revenue:
                        
Research Publishing & Platforms
  
$
251,334
    
$
234,709
    
$
492,144
    
$
464,084
  
Academic & Professional Learning
    
170,590
      
177,725
      
297,503
      
322,583
  
Education Services
    
69,087
      
53,771
      
132,690
      
103,068
  
Total Revenue
  
$
491,011
    
$
466,205
    
$
922,337
    
$
889,735
  
                                 
Contribution to Profit:
                                
Research Publishing & Platforms
  
$
74,088
    
$
63,291
    
$
143,906
    
$
118,937
  
Academic & Professional Learning
    
29,878
      
35,050
      
29,498
      
39,961
  
Education Services
    
7,425
      
2,583
      
7,983
      
(4,616
)
Total Contribution to Profit
  
$
111,391
    
$
100,924
    
$
181,387
    
$
154,282
  
Corporate Expenses
    
(41,486
)
    
(37,533
)
    
(81,443
)
    
(86,332
)
Operating Income
  
$
69,905
    
$
63,391
    
$
99,944
    
$
67,950
  
                                 
Adjusted Contribution to Profit: (1)
                                
Research Publishing & Platforms
  
$
73,850
    
$
64,017
    
$
143,471
    
$
122,283
  
Academic & Professional Learning
    
31,419
      
35,850
      
31,072
      
43,566
  
Education Services
    
7,509
      
2,108
      
8,206
      
(3,002
)
Total Adjusted Contribution to Profit
  
$
112,778
    
$
101,975
    
$
182,749
    
$
162,847
  
Adjusted Corporate Expenses
    
(40,953
)
    
(34,583
)
    
(78,667
)
    
(80,161
)
Total Adjusted Operating Income
  
$
71,825
    
$
67,392
    
$
104,082
    
$
82,686
  
                                 
Depreciation and Amortization:
                                
Research Publishing & Platforms
  
$
19,765
    
$
17,037
    
$
39,466
    
$
34,190
  
Academic & Professional Learning
    
17,720
      
17,349
      
36,524
      
33,873
  
Education Services
    
7,210
      
5,522
      
14,489
      
11,020
  
Total Depreciation and Amortization
  
$
44,695
    
$
39,908
    
$
90,479
    
$
79,083
  
Corporate Depreciation and Amortization
    
3,735
      
2,730
      
7,458
      
5,774
  
Total Depreciation and Amortization
  
$
48,430
    
$
42,638
    
$
97,937
    
$
84,857
  
                                 
Adjusted EBITDA: (2)
                                
Research Publishing & Platforms
  
$
93,615
    
$
81,054
    
$
182,937
    
$
156,473
  
Academic & Professional Learning
    
49,139
      
53,199
      
67,596
      
77,439
  
Education Services
    
14,719
      
7,630
      
22,695
      
8,018
  
Total Segment Adjusted EBITDA
  
$
157,473
    
$
141,883
    
$
273,228
    
$
241,930
  
Corporate Adjusted EBITDA
    
(37,218
)
    
(31,853
)
    
(71,209
)
    
(74,387
)
Total Adjusted EBITDA
  
$
120,255
    
$
110,030
    
$
202,019
    
$
167,543
  

(1)
Adjusted Contribution to Profit is calculated as Contribution to Profit adjusted for restructuring and related charges. See Note 9, “Restructuring and Related Charges” for these charges by segment.
(2)
Adjusted EBITDA is calculated as 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
October 31,
    
Six Months Ended
October 31,
  
   
2020
    
2019
    
2020
    
2019
  
Net Income
  
$
68,432
    
$
44,690
    
$
84,766
    
$
48,314
  
Interest expense
    
4,461
      
6,787
      
9,075
      
12,864
  
Provision for income taxes
    
81
      
11,783
      
13,481
      
12,126
  
Depreciation and amortization
    
48,430
      
42,638
      
97,937
      
84,857
  
Non-GAAP EBITDA
  
$
121,404
    
$
105,898
    
$
205,259
    
$
158,161
  
Restructuring and related charges
    
1,920
      
4,001
      
4,138
      
14,736
  
Foreign exchange transaction losses
    
697
      
2,668
      
779
      
16
  
Other income
    
(3,766
)
    
(2,537
)
    
(8,157
)
    
(5,370
)
Non-GAAP Adjusted EBITDA
  
$
120,255
    
$
110,030
    
$
202,019
    
$
167,543