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Goodwill and Intangible Assets (Tables)
12 Months Ended
Apr. 30, 2022
Goodwill and Intangible Assets [Abstract]  
Activity in Goodwill by Segment
The following table summarizes the activity in goodwill by segment as of April 30:

 
2021 (1)
   
Acquisitions(2)
   
Foreign
Translation
Adjustment
   
2022
 
Research Publishing & Platforms
 
$
619,203
   
$
24,806
   
$
(33,593
)
 
$
610,416
 
Academic & Professional Learning
   
512,512
     
     
(14,376
)
   
498,136
 
Education Services
   
172,625
     
22,226
     
(1,261
)
   
193,590
 
Total
 
$
1,304,340
   
$
47,032
   
$
(49,230
)
 
$
1,302,142
 

(1)
The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million.
(2)
Refer to Note 4, “Acquisitions,” for more information related to the acquisitions that occurred in the year ended April 30, 2022.
Intangible Assets, Net
Intangible assets, net as of April 30 were as follows:

 
2022
   
2021
 
   
Cost
   
Accumulated
Amortization
   
Net
   
Cost
   
Accumulated
Amortization
   
Net
 
Intangible assets with definite lives, net(1) :
                                   
Content and publishing rights
 
$
1,099,778
   
$
(599,841
)
 
$
499,937
   
$
1,062,072
   
$
(497,843
)
 
$
564,229
 
Customer relationships
   
409,097
     
(167,039
)
   
242,058
     
384,462
     
(117,985
)
   
266,477
 
Developed technology(2)
   
72,398
     
(17,677
)
   
54,721
     
42,785
     
(7,824
)
   
34,961
 
Brands and trademarks
   
47,533
     
(31,512
)
   
16,021
     
45,630
     
(26,094
)
   
19,536
 
Covenants not to compete
   
1,655
     
(1,262
)
   
393
     
1,250
     
(1,192
)
   
58
 
Total intangible assets with definite lives, net
   
1,630,461
     
(817,331
)
   
813,130
     
1,536,199
     
(650,938
)
   
885,261
 
Intangible assets with indefinite lives:
                                               
Brands and trademarks(2)
   
37,000
     
     
37,000
     
37,000
     
     
37,000
 
Publishing rights
   
81,299
     
     
81,299
     
93,041
     
     
93,041
 
Total intangible assets with indefinite lives
   
118,299
     
     
118,299
     
130,041
     
     
130,041
 
Total intangible assets, net
 
$
1,748,760
   
$
(817,331
)
 
$
931,429
   
$
1,666,240
   
$
(650,938
)
 
$
1,015,302
 

(1)
Refer to Note 4, “Acquisitions,” for more information related to the acquisitions that occurred in years ended April 30, 2022 and 2021.
(2)
The developed technology balance as of April 30, 2022 and 2021 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks balance as of April 30, 2022 and 2021 is net of accumulated impairments of $93.1 million.
Future Amortization Expense
Based on the current amount of intangible assets subject to amortization and assuming current foreign exchange rates, the estimated amortization expense for the following years are as follows:

Fiscal Year
 
Amount
 
2023
 
$
81,375
 
2024
   
76,193
 
2025
   
69,556
 
2026
   
67,044
 
2027
   
62,422
 
Thereafter
   
456,540
 
Total
 
$
813,130