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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2020
Oct. 31, 2019
Apr. 30, 2020
Operating Activities          
Net income $ 68,432 $ 44,690 $ 84,766 $ 48,314  
Adjustments to reconcile net income to net cash used in operating activities:          
Amortization of intangibles 17,166 15,020 34,057 29,990  
Amortization of product development assets     17,448 17,616  
Depreciation and amortization of technology, property and equipment     46,432 37,251  
Restructuring and related charges 1,920 4,001 4,138 14,736  
Stock-based compensation expense 4,800 5,700 9,066 10,289  
Employee retirement plan expense     6,498 4,054  
Royalty advances     (55,436) (48,250)  
Earned royalty advances     76,333 67,814  
Foreign exchange transaction losses 697 2,668 779 16  
Other non-cash charges     31,143 10,643  
Net change in operating assets and liabilities     (331,846) (291,994)  
Net Cash Used In Operating Activities     (76,622) (99,521)  
Investing Activities          
Product development spending     (10,999) (11,686)  
Additions to technology, property and equipment     (36,430) (44,531)  
Businesses acquired in purchase transactions, net of cash acquired     (229) (74,169)  
Acquisitions of publication rights and other     (14,021) (4,045)  
Net Cash Used In Investing Activities     (61,679) (134,431)  
Financing Activities          
Repayment of long-term debt     (249,902) (65,680)  
Borrowing of long-term debt     309,492 383,151  
Payment of debt issuance costs     0 (4,006)  
Purchase of treasury shares     0 (25,000)  
Change in book overdrafts     (1,165) 681  
Cash dividends     (38,480) (38,486)  
Impact of tax withholding on stock-based compensation and other     (1,346) (1,393)  
Net Cash Provided By Financing Activities     18,599 249,267  
Effects of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash     3,301 (461)  
Cash Reconciliation:          
Cash and Cash Equivalents     202,464 92,890 $ 92,890
Restricted cash included in Prepaid expenses and other current assets     583 658 658
Balance at Beginning of Period     203,047 93,548 93,548
(Decrease)/Increase for the Period     (116,401) 14,854  
Cash and cash equivalents 86,063 107,744 86,063 107,744 202,464
Restricted cash included in Prepaid expenses and other current assets 583 658 583 658 583
Balance at End of Period $ 86,646 $ 108,402 86,646 108,402 $ 203,047
Cash Paid During the Period for:          
Interest     8,374 12,125  
Income taxes, net of refunds     $ 37,344 $ 30,170