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Revenue Recognition, Contracts with Customers (Tables)

3 Months Ended

Jul. 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 July 31,
		2021				2020
Research Publishing & Platforms:
Research Publishing		$	263,358			$	230,464
Research Platforms			11,398				10,346
Total Research Publishing & Platforms			274,756				240,810
Academic & Professional Learning:
Education Publishing (1)			66,380				63,603
Professional Learning			72,884				62,829
Total Academic & Professional Learning			139,264				126,432
Education Services:
University Services (2)			54,394				50,262
Talent Development Services (1)(3)			19,974				13,822
Total Education Services			74,368				64,084
Total Revenue		$	488,388			$	431,326

⁽¹⁾ In May 2021, we moved the WileyNXT product offering from Academic & Professional Learning – Education Publishing to Education Services – Talent Development Services. As a result, the prior period results related to the WileyNXT product offering have been included in Education Services - Talent Development Services. The revenue was $0.5 million for the three months ended July 31, 2020. There were no changes to our total consolidated financial results.

⁽²⁾ University Services was previously referred to as Education Services OPM.

⁽³⁾ Talent Development Services was previously referred to as mthree.

Accounts Receivable, Net and Contract Liabilities from Contracts with Customers

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

		July 31, 2021				April 30, 2021				Increase/ (Decrease)
Balances from contracts with customers:
Accounts receivable, net		$	284,579			$	311,571			$	(26,992	)
Contract liabilities (1)			418,459				545,425				(126,966	)
Contract liabilities (included in Other long-term liabilities)		$	18,382			$	19,560			$	(1,178	)

⁽¹⁾ 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.

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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=123351226&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=123351226&loc=SL49130545-203045

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