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Revenue Recognition, Contracts with Customers (Tables)

9 Months Ended

Jan. 31, 2021

Revenue Recognition, Contracts with Customers [Abstract]

Revenue from Contracts With Customers Disaggregated by Segment and Product Type

The following table presents our revenue from contracts with customers disaggregated by segment and product type.

		Three Months Ended January 31,								Nine Months Ended January 31,
		2021				2020				2021				2020
Research Publishing & Platforms:
Research Publishing		$	229,327			$	223,393			$	700,482			$	668,405
Research Platforms			10,523				10,163				31,512				29,235
Total Research Publishing & Platforms			239,850				233,556				731,994				697,640
Academic & Professional Learning:
Education Publishing			98,160				100,982				265,349				268,246
Professional Learning			75,955				77,296				206,269				232,615
Total Academic & Professional Learning			174,115				178,278				471,618				500,861
Education Services:
Education Services OPM (1)			56,725				50,263				163,248				151,200
mthree (1)			12,222				5,034				38,389				7,165
Total Education Services			68,947				55,297				201,637				158,365
Total Revenue		$	482,912			$	467,131			$	1,405,249			$	1,356,866

⁽¹⁾ In May 2020, we moved the IT bootcamp business acquired as part of The Learning House acquisition from Education Services Online Program Management (“OPM”) to mthree. As a result, the prior period revenue related to the IT bootcamp business has been included in mthree. There were no changes to our total Education Services or our consolidated financial results.

Receivables and Contract Liabilities from Contracts with Customers

The following table provides information about accounts receivable, net and contract liabilities from contracts with customers.

		January 31, 2021				April 30, 2020				Increase/ (Decrease)
Balances from contracts with customers:
Accounts receivable, net		$	278,939			$	309,384			$	(30,445	)
Contract liabilities (1)			398,477				520,214				(121,737	)
Contract liabilities (included in Other Long-Term Liabilities)		$	18,145			$	14,949			$	3,196

⁽¹⁾ The sales return reserve recorded in Contract Liabilities is $43.4 million and $32.8 million, as of January 31, 2021 and April 30, 2020, respectively. This increase was primarily driven by the negative impact of COVID-19 and the expected increase in print book returns.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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