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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
Apr. 30, 2020
Operating Activities          
Net income $ 22,161 $ 35,443 $ 106,927 $ 83,757  
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization of intangibles 19,032 15,732 53,089 45,722  
Amortization of product development assets     25,323 26,653  
Depreciation and amortization of technology, property and equipment     68,841 56,163  
Restructuring and related charges 20,675 3,298 24,813 18,034  
Stock-based compensation expense 5,600 5,400 14,744 15,662  
Employee retirement plan expense     9,080 4,771  
Royalty advances     (101,534) (96,618)  
Earned royalty advances     101,163 90,320  
Foreign exchange transaction losses 5,694 1,745 6,473 1,761  
Other non-cash charges     29,256 17,506  
Net change in operating assets and liabilities     (183,349) (174,844)  
Net Cash Provided by Operating Activities     154,826 88,887  
Investing Activities          
Product development spending     (17,103) (17,770)  
Additions to technology, property and equipment     (58,176) (65,924)  
Businesses acquired in purchase transactions, net of cash acquired     (298,590) (200,642)  
Acquisitions of publication rights and other     (18,524) (1,548)  
Net Cash Used In Investing Activities     (392,393) (285,884)  
Financing Activities          
Repayment of long-term debt     (452,927) (253,006)  
Borrowing of long-term debt     627,097 572,423  
Payment of debt issuance costs     0 (4,006)  
Purchase of treasury shares     (7,063) (35,000)  
Change in book overdrafts     7,929 (301)  
Cash dividends     (57,802) (57,632)  
Impact of tax withholding on stock-based compensation and other     (1,391) (1,596)  
Net Cash Provided By Financing Activities     115,843 220,882  
Effects of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash     10,631 530  
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     (111,093) 24,415  
Cash and cash equivalents 91,321 117,355 91,321 117,355 202,464
Restricted cash included in Prepaid expenses and other current assets 633 608 633 608 583
Balance at End of Period $ 91,954 $ 117,963 91,954 117,963 $ 203,047
Cash Paid During the Period for:          
Interest     12,697 18,292  
Income taxes, net of refunds     $ 46,148 $ 39,397