Goodwill and Intangible Assets

6 Months Ended

Oct. 31, 2021

Note 12 — Goodwill and Intangible Assets

Goodwill

The following table summarizes the activity in goodwill by segment as of October 31, 2021:

	April 30, 2021 ⁽¹⁾		Acquisition ⁽²⁾		Foreign Translation Adjustment			October 31, 2021
Research Publishing & Platforms	$	619,203	$	7,893	$	(5,104	)	$	621,992
Academic & Professional Learning		512,512		—		(4,683	)		507,829
Education Services		172,625		—		(212	)		172,413
Total	$	1,304,340	$	7,893	$	(9,999	)	$	1,302,234

⁽¹⁾	The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million.

⁽²⁾	Refer to Note 3, “Acquisitions,” for more information related to the acquisition that occurred in the six months ended October 31, 2021.

Intangible Assets

Intangible assets, net were as follows:

	October 31, 2021		April 30, 2021 ⁽¹⁾
Intangible assets with definite lives, net ^(2):
Content and publishing rights	$	537,493	$	564,229
Customer relationships		254,297		266,477
Developed technology		34,206		34,961
Brands and trademarks		17,858		19,536
Covenants not to compete		80		58
Total intangible assets with definite lives, net		843,934		885,261
Intangible assets with indefinite lives:
Brands and trademarks		37,000		37,000
Publishing rights		89,102		93,041
Total intangible assets with indefinite lives		126,102		130,041
Total intangible assets, net	$	970,036	$	1,015,302

⁽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⁾	Refer to Note 3, “Acquisitions,” for more information related to the acquisition that occurred in the six months ended October 31, 2021.