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Schedule II-VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Apr. 30, 2022
Schedule II - VALUATION AND QUALIFYING ACCOUNTS [Abstract]  
Schedule II - VALUATION AND QUALIFYING ACCOUNTS
Schedule II
JOHN WILEY & SONS, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED APRIL 30, 2022, 2021, AND 2020
(Dollars in thousands)

Description
  
Balance at
Beginning
of Period
    
Cumulative Effect of Change in Accounting Principle(1)
    
Charged to
Expenses
    
Deductions
From Reserves
and Other(2)
    
Balance at
End of Period(3)
  
Year Ended April 30, 2022
                              
Allowance for sales returns(4)
  
$
22,199
    
$
—
    
$
29,191
    
$
31,968
    
$
19,422
  
Allowance for doubtful accounts
  
$
21,474
    
$
—
    
$
4,029
    
$
4,282
    
$
21,221
  
Allowance for inventory obsolescence
  
$
13,970
    
$
—
    
$
6,786
    
$
9,537
    
$
11,219
  
Valuation allowance on deferred tax assets
  
$
4,855
    
$
—
    
$
230
    
$
(24,915
)
  
$
30,000
  
Year Ended April 30, 2021
                                        
Allowance for sales returns(4)
  
$
19,642
    
$
—
    
$
36,997
    
$
34,440
    
$
22,199
  
Allowance for doubtful accounts
  
$
18,335
    
$
1,776
    
$
6,957
    
$
5,594
    
$
21,474
  
Allowance for inventory obsolescence
  
$
16,067
    
$
—
    
$
9,236
    
$
11,333
    
$
13,970
  
Valuation allowance on deferred tax assets
  
$
23,287
    
$
—
    
$
3,213
    
$
21,645
    
$
4,855
  
Year Ended April 30, 2020
                                        
Allowance for sales returns(4)
  
$
18,542
    
$
—
    
$
48,829
    
$
47,729
    
$
19,642
  
Allowance for doubtful accounts
  
$
14,307
    
$
—
    
$
5,470
    
$
1,442
    
$
18,335
  
Allowance for inventory obsolescence
  
$
15,825
    
$
—
    
$
8,699
    
$
8,457
    
$
16,067
  
Valuation allowance on deferred tax assets
  
$
21,179
    
$
—
    
$
2,108
    
$
—
    
$
23,287
  

(1)
See Note 2, “Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards” of the Notes to Consolidated Financial Statements of this Annual Report on Form 10-K regarding the adoption of ASU 2016-13, “Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments”. We adopted the new standard on May 1, 2020, with a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption.
(2)
Deductions From Reserves and Other for the years ended April 30, 2022, 2021, and 2020 include foreign exchange translation adjustments. Included in Allowance for doubtful accounts are accounts written off, less recoveries. Included in Allowance for inventory obsolescence are items removed from inventory.
(3)
Included in Valuation allowance on deferred tax assets for the years ended April 30, 2022 and 2020 are valuation allowances related to, and required with respect to foreign tax credits generated by the Tax Act. In connection with a 5-year loss carryback and a subsequent audit, certain foreign tax credits requiring a valuation allowance were reinstated.
(4)
Allowance for sales returns represents anticipated returns net of a recovery of inventory and royalty costs. The provision is reported as a reduction of gross sales to arrive at revenue and the reserve balance is reported as an increase in Contract liabilities with a corresponding increase in Inventories, net and a reduction in Accrued royalties for the years ended April 30, 2022, 2021, and 2020.