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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Apr. 30, 2022
Apr. 30, 2021
Current assets    
Cash and cash equivalents $ 100,397 $ 93,795
Accounts receivable, net 331,960 311,571
Inventories, net 36,585 42,538
Prepaid expenses and other current assets 81,924 78,393
Total current assets 550,866 526,297
Technology, property, and equipment, net 271,572 282,270
Intangible assets, net 931,429 1,015,302
Goodwill 1,302,142 1,304,340
Operating lease right-of-use assets 111,719 121,430
Other non-current assets 193,967 196,800
Total assets 3,361,695 3,446,439
Current liabilities    
Accounts payable 77,438 95,791
Accrued royalties 101,596 78,582
Short-term portion of long-term debt [1] 18,750 12,500
Contract liabilities [2] 538,126 545,425
Accrued employment costs 117,121 144,744
Short-term portion of operating lease liabilities 20,576 22,440
Other accrued liabilities 95,812 89,490
Total current liabilities 969,419 988,972
Long-term debt 768,277 809,088
Accrued pension liability 78,622 146,247
Deferred income tax liabilities 180,065 172,903
Operating lease liabilities 132,541 145,832
Other long-term liabilities 90,502 92,106
Total liabilities 2,219,426 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 459,297 444,358
Retained earnings 1,921,160 1,850,058
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (329,566) (257,941)
Unamortized retirement costs, net of tax (182,226) (228,146)
Unrealized gain (loss) on interest rate swaps, net of tax 3,646 (4,703)
Total accumulated other comprehensive loss, net of tax (508,146) (490,790)
Less: treasury shares at cost (Class A - 23,515 and 23,419 as of April 30, 2022 and 2021, respectively, Class B - 3,924 and 3,922 as of April 30, 2022 and 2021, respectively) (813,224) (795,517)
Total shareholders' equity 1,142,269 1,091,291
Total liabilities and shareholders' equity 3,361,695 3,446,439
Class A [Member]    
Shareholders' equity    
Common stock 70,226 70,208
Class B [Member]    
Shareholders' equity    
Common stock $ 12,956 $ 12,974
[1] Relates to our term loan A under the Amended and Restated RCA.
[2] The sales return reserve recorded in Contract liabilities is $31.1 million and $38.0 million as of April 30, 2022 and April 30, 2021, respectively. See Note 2, “Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards” for further details of the sales return reserve.