Acquisitions (Tables)

9 Months Ended

Jan. 31, 2021

Consideration Transferred and Allocation of Purchase Price

The following table summarizes the preliminary consideration transferred to acquire Hindawi and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed.

	Preliminary Allocation
Total preliminary consideration transferred	$	300,086

Assets:
Current Assets		2,902
Technology, Property and Equipment, net		844
Intangible Assets, net		194,400
Goodwill		141,775
Operating Lease Right-of-Use Assets		3,716
Other Non-Current Assets		177
Total Assets	$	343,814

Liabilities:
Current Liabilities		3,657
Deferred Income Tax Liabilities		36,936
Operating Lease Liabilities		3,135
Total Liabilities	$	43,728

Identifiable Intangible Assets Acquired and Weighted-Average Useful Life

The following table summarizes the preliminary identifiable intangible assets acquired and their weighted-average useful life at the date of acquisition.

	Estimated Fair Value		Weighted-Average Useful Life (in Years)
Content and Publishing Rights	$	188,500		15
Developed Technology		4,500		5
Trademarks		1,000		2
Customer Relationships		400		15
Total	$	194,400

mthree [Member]

Business Acquisition [Line Items]

Consideration Transferred and Allocation of Purchase Price

The following table summarizes the consideration transferred to acquire mthree and the final allocation of the purchase price among the assets acquired and liabilities assumed.

	Preliminary Allocation as of April 30, 2020		Measurement Period Adjustments			Final Allocation as of January 31, 2021

Total cash consideration at the acquisition date and cash to be paid	$	122,242	$	1,289		$	123,531


Assets
Current Assets		8,750		473			9,223
Technology, Property and Equipment, net		484		—			484
Intangible Assets, net		56,836		—			56,836
Goodwill		82,561		—			82,561
Operating Lease Right-of-Use Assets		3,710		—			3,710
Total Assets	$	152,341	$	473		$	152,814

Liabilities:
Current Liabilities		14,380		(816	)		13,564
Deferred Income Tax Liabilities		12,722		—			12,722
Operating Lease Liabilities		2,692		—			2,692
Other Long-Term Liabilities		305		—			305
Total Liabilities	$	30,099	$	(816	)	$	29,283

Identifiable Intangible Assets Acquired and Weighted-Average Useful Life

The following table summarizes the identifiable intangible assets acquired and their weighted-average useful life at the date of acquisition.

	Fair Value		Weighted-Average Useful Life (in Years)
Customer Relationships	$	48,792		12
Trademarks		6,725		10
Content		1,319		4
Total	$	56,836