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Product Development Assets

12 Months Ended

Apr. 30, 2022

Product Development Assets [Abstract]

Note 9 – Product Development Assets

Product development assets, net consisted of the following at April 30:

	2022		2021
Book composition costs	$	20,574	$	20,474
Software costs		17,479		23,262
Content development costs		3,405		5,781
Product development assets, net	$	41,458	$	49,517

Product development assets include $4.4 million and $6.3 million of work-in-process as of April 30, 2022 and 2021, respectively. As of April 30, 2022 this is primarily for book composition costs. As of April 30, 2021, this is primarily for book composition costs and, to a lesser extent, software costs.

Product development assets are net of accumulated amortization of $269.7 million and $269.0 million as of April 30, 2022 and 2021, respectively.