XML 18 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED - USD ($)
$ in Thousands
Jul. 31, 2021
Apr. 30, 2021
Current assets    
Cash and cash equivalents $ 82,982 $ 93,795
Accounts receivable, net of allowance for credit losses of $21.4 million and $21.5 million, respectively 284,579 311,571
Inventories, net 40,392 42,538
Prepaid expenses and other current assets 70,736 78,393
Total current assets 478,689 526,297
Product development assets, net 49,017 49,517
Royalty advances, net 27,668 39,582
Technology, property and equipment, net 273,306 282,270
Intangible assets, net 995,613 1,015,302 [1]
Goodwill 1,301,599 1,304,340 [2]
Operating lease right-of-use assets 122,334 121,430
Other non-current assets 114,574 107,701
Total assets 3,362,800 3,446,439
Current liabilities    
Accounts payable 62,230 95,791
Accrued royalties 90,064 78,582
Short-term portion of long-term debt [3] 12,500 12,500
Contract liabilities [4] 418,459 545,425
Accrued employment costs 66,771 144,744
Accrued income taxes 9,628 8,590
Short-term portion of operating lease liabilities 21,547 22,440
Other accrued liabilities 81,902 80,900
Total current liabilities 763,101 988,972
Long-term debt 952,020 809,088
Accrued pension liability 136,391 146,247
Deferred income tax liabilities 188,880 172,903
Operating lease liabilities 145,340 145,832
Other long-term liabilities 99,163 92,106
Total liabilities 2,284,895 2,355,148
Shareholders' equity    
Preferred stock, $1 par value per share: Authorized shares - 2 million, Issued shares - 0 0 0
Additional paid-in capital 445,690 444,358
Retained earnings 1,844,578 1,850,058
Accumulated other comprehensive loss, net of tax (494,600) (490,790)
Less treasury shares at cost (Class A - 23,390 and 23,419 as of July 31, 2021 and April 30, 2021, respectively; Class B - 3,923 and 3,922 as of July 31, 2021 and April 30, 2021, respectively) (800,945) (795,517)
Total shareholders' equity 1,077,905 1,091,291
Total liabilities and shareholders' equity 3,362,800 3,446,439
Class A [Member]    
Shareholders' equity    
Common stock 70,211 70,208
Class B [Member]    
Shareholders' equity    
Common stock $ 12,971 $ 12,974
[1] The developed technology balance as of April 30, 2021 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2021 is net of accumulated impairments of $93.1 million.
[2] The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million.
[3] Relates to our term loan A under the Amended and Restated RCA.
[4] The sales return reserve recorded in Contract liabilities is $40.7 million and $38.0 million, as of July 31, 2021 and April 30, 2021, respectively.