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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED - USD ($)
$ in Thousands
Oct. 31, 2021
Apr. 30, 2021
Current assets    
Cash and cash equivalents $ 100,898 $ 93,795
Accounts receivable, net of allowance for credit losses of $22.0 million and $21.5 million, respectively 291,891 311,571
Inventories, net 39,725 42,538
Prepaid expenses and other current assets 67,952 78,393
Total current assets 500,466 526,297
Product development assets, net 46,274 49,517
Royalty advances, net 15,260 39,582
Technology, property and equipment, net 271,774 282,270
Intangible assets, net 970,036 1,015,302 [1]
Goodwill 1,302,234 1,304,340 [2]
Operating lease right-of-use assets 121,708 121,430
Other non-current assets 118,279 107,701
Total assets 3,346,031 3,446,439
Current liabilities    
Accounts payable 51,271 95,791
Accrued royalties 102,137 78,582
Short-term portion of long-term debt [3] 12,500 12,500
Contract liabilities [4] 267,890 545,425
Accrued employment costs 85,890 144,744
Accrued income taxes 12,862 8,590
Short-term portion of operating lease liabilities 22,353 22,440
Other accrued liabilities 89,606 80,900
Total current liabilities 644,509 988,972
Long-term debt 1,032,505 809,088
Accrued pension liability 126,198 146,247
Deferred income tax liabilities 187,931 172,903
Operating lease liabilities 143,638 145,832
Other long-term liabilities 104,585 92,106
Total liabilities 2,239,366 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 451,808 444,358
Retained earnings 1,881,235 1,850,058
Accumulated other comprehensive loss, net of tax (498,209) (490,790)
Less treasury shares at cost (Class A - 23,561 and 23,419 as of October 31, 2021 and April 30, 2021, respectively; Class B - 3,923 and 3,922 as of October 31, 2021 and April 30, 2021, respectively) (811,351) (795,517)
Total shareholders' equity 1,106,665 1,091,291
Total liabilities and shareholders' equity 3,346,031 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 $42.3 million and $38.0 million, as of October 31, 2021 and April 30, 2021, respectively.