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Revenue Recognition, Contracts with Customers (Tables)

6 Months Ended

Oct. 31, 2020

Revenue Recognition, Contracts with Customers [Abstract]

Revenue from Contracts With Customers Disaggregated by Segment and Product Type

The following table presents our revenue from contracts with customers disaggregated by segment and product type.

		Three Months Ended October 31,								Six Months Ended October 31,
		2020				2019				2020				2019
Research Publishing & Platforms:
Research Publishing		$	240,691			$	225,085			$	471,155			$	445,012
Research Platforms			10,643				9,624				20,989				19,072
Total Research Publishing & Platforms			251,334				234,709				492,144				464,084
Academic & Professional Learning:
Education Publishing			103,105				101,741				167,189				167,264
Professional Learning			67,485				75,984				130,314				155,319
Total Academic & Professional Learning			170,590				177,725				297,503				322,583
Education Services:
Education Services OPM (1)			56,261				52,781				106,523				100,937
mthree (1)			12,826				990				26,167				2,131
Total Education Services			69,087				53,771				132,690				103,068
Total Revenue		$	491,011			$	466,205			$	922,337			$	889,735

⁽¹⁾ In May 2020, we moved the IT bootcamp business acquired as part of The Learning House acquisition from Education Services Online Program Management (“OPM”) to mthree. As a result, the prior period revenue related to the IT bootcamp business has been included in mthree. There were no changes to our total Education Services or our consolidated financial results.

Receivables and Contract Liabilities from Contracts with Customers

The following table provides information about receivables and contract liabilities from contracts with customers.

		October 31, 2020				April 30, 2020				Increase/ (Decrease)
Balances from contracts with customers:
Accounts receivable, net		$	273,264			$	309,384			$	(36,120	)
Contract liabilities (1)			285,176				520,214				(235,038	)
Contract liabilities (included in Other Long-Term Liabilities)		$	18,458			$	14,949			$	3,509

⁽¹⁾ The sales return reserve recorded in Contract Liabilities is $43.6 million and $32.8 million, as of October 31, 2020 and April 30, 2020, respectively.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- References

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