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Product Development Assets

12 Months Ended

Apr. 30, 2021

Product Development Assets [Abstract]

Note 9 – Product Development Assets

Product development assets, net consisted of the following at April 30:

	2021		2020
Book composition costs	$	20,474	$	18,744
Software costs		23,262		28,995
Content development costs		5,781		5,904
Product development assets, net	$	49,517	$	53,643

Product development assets include $6.3 million and $4.9 million of work-in-process as of April 30, 2021 and 2020, respectively. As of April 30, 2021 this is primarily for book composition costs and, to a lesser extent, software costs. As of April 30, 2020, this is primarily for book composition costs.

Product development assets are net of accumulated amortization of $269.0 million and $244.1 million as of April 30, 2021 and 2020, respectively.