Revenue Recognition, Contracts with Customers (Tables)

6 Months Ended

Oct. 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 October 31,				Six Months Ended October 31,
	2021		2020		2021		2020
Research Publishing & Platforms:
Research Publishing	$	262,873	$	240,691	$	526,231	$	471,155
Research Platforms		12,281		10,643		23,679		20,989
Total Research Publishing & Platforms		275,154		251,334		549,910		492,144

Academic & Professional Learning:
Education Publishing ⁽¹⁾		98,581		102,428		164,961		166,031
Professional Learning		77,948		67,485		150,832		130,314
Total Academic & Professional Learning		176,529		169,913		315,793		296,345

Education Services:
University Services ⁽²⁾		58,081		56,261		112,475		106,523
Talent Development Services ⁽¹⁾⁽³⁾		23,239		13,503		43,213		27,325
Total Education Services		81,320		69,764		155,688		133,848

Total Revenue	$	533,003	$	491,011	$	1,021,391	$	922,337

⁽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 $0.7 million and $1.2 million for the three and six months ended October 31, 2020, respectively. 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.

	October 31, 2021		April 30, 2021		Increase/ (Decrease)
Balances from contracts with customers:
Accounts receivable, net	$	291,891	$	311,571	$	(19,680	)
Contract liabilities ⁽¹⁾		267,890		545,425		(277,535	)
Contract liabilities (included in Other long-term liabilities)	$	20,619	$	19,560	$	1,059

⁽¹⁾	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.