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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Apr. 30, 2021
Apr. 30, 2020
Current assets    
Cash and cash equivalents $ 93,795 $ 202,464
Accounts receivable, net 311,571 309,384
Inventories, net 42,538 43,614
Prepaid expenses and other current assets 78,393 59,465
Total current assets 526,297 614,927
Product development assets, net 49,517 53,643
Royalty advances, net 39,582 36,710
Technology, property and equipment, net 282,270 298,005
Intangible assets, net 1,015,302 807,405
Goodwill 1,304,340 1,116,790
Operating lease right-of-use assets 121,430 142,716
Other non-current assets 107,701 98,598
Total assets 3,446,439 3,168,794
Current liabilities    
Accounts payable 95,791 93,691
Accrued royalties 78,582 87,408
Short-term portion of long-term debt [1] 12,500 9,375
Contract liabilities [2] 545,425 520,214
Accrued employment costs 144,744 108,448
Accrued income taxes 8,590 13,728
Short-term portion of operating lease liabilities 22,440 21,810
Other accrued liabilities 80,900 72,595
Total current liabilities 988,972 927,269
Long-term debt 809,088 765,650
Accrued pension liability 146,247 187,969
Deferred income tax liabilities 172,903 119,127
Operating lease liabilities 145,832 159,782
Other long-term liabilities 92,106 75,373
Total liabilities 2,355,148 2,235,170
Shareholders' equity    
Preferred stock, $1 par value: Authorized - 2 million, Issued - 0 0 0
Additional paid-in capital 444,358 431,680
Retained earnings 1,850,058 1,780,129
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (257,941) (340,703)
Unamortized retirement costs, net of tax (228,146) (227,920)
Unrealized (loss) on interest rate swaps, net of tax (4,703) (6,874)
Total accumulated other comprehensive loss, net of tax (490,790) (575,497)
Less: treasury shares at cost (Class A - 23,419 and 23,405 as of April 30, 2021 and 2020, respectively, Class B - 3,922 and 3,920 of April 30, 2021 and 2020, respectively) (795,517) (785,870)
Total shareholders' equity 1,091,291 933,624
Total liabilities and shareholders' equity 3,446,439 3,168,794
Class A [Member]    
Shareholders' equity    
Common stock 70,208 70,166
Class B [Member]    
Shareholders' equity    
Common stock $ 12,974 $ 13,016
[1] Relates to our term loan A under the Amended and Restated RCA.
[2] The sales return reserve recorded in Contract liabilities is $38.0 million and $32.8 million as of April 30, 2021 and April 30, 2020, respectively. See Note 2, “Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards” for further details of the sales return reserve.