Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards (Tables)

12 Months Ended

Apr. 30, 2022

Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards [Abstract]

The following table presents the change in provision for credit losses, which is presented net in Accounts receivable on our Consolidated Statements of Financial Position for the period indicated:

	Provision for Credit Losses
Balance as of April 30, 2021	$	21,474
Current period provision		4,029
Amounts written off, less recoveries		(3,754	)
Foreign exchange translation adjustments and other		(528	)
Balance as of April 30, 2022	$	21,221

Net Sales Return Reserves by Balance Sheet Account

The reserves are reflected in the following accounts of the Consolidated Statements of Financial Position as of April 30:

	2022			2021
Increase in Inventories, net	$	7,820		$	10,886
Decrease in Accrued royalties		(3,893	)		(4,949	)
Increase in Contract liabilities		31,135			38,034
Print book sales return reserve net liability balance	$	(19,422	)	$	(22,199	)

Advertising and Marketing Costs

Advertising and marketing costs are expensed as incurred. These costs are reflected in the Consolidated Statements of Income (Loss) as follows:

	For the Years Ended April 30,
	2022		2021		2020
Advertising and marketing costs	$	100.6	$	93.6	$	103.1
Cost of sales⁽¹⁾		62.9		57.0		65.8
Operating and administrative expenses		37.7		36.6		37.3

⁽¹⁾	This includes certain advertising and marketing costs incurred by our Education Services business to fulfill performance obligations from contracts with educational institutions.