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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2020
Operating activities      
Net income (loss) $ 148,309 $ 148,256 $ (74,287)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairment of goodwill and intangible assets 0 0 202,348
Amortization of intangible assets 84,836 74,685 62,436
Amortization of product development assets 35,162 34,365 35,975
Depreciation and amortization of technology, property, and equipment 95,172 91,139 76,716
Restructuring and related (credits) charges [1] (1,427) 33,310 32,607
Stock-based compensation expense 25,705 21,982 20,009
Employee retirement plan expense 19,146 12,975 10,832
Foreign exchange transaction losses (gains) 3,192 7,977 (2,773)
Gain on sale of certain assets (3,694) 0 0
Other noncash charges 37,128 35,138 7,115
Changes in operating assets and liabilities      
Accounts receivable, net (26,318) (7,263) (2,962)
Inventories, net 2,311 7,842 (2,714)
Accounts payable and accrued royalties 16,373 (31,121) 14,588
Contract liabilities 9,973 14,164 (118)
Restructuring payments (5,911) (19,667) (12,563)
Other accrued liabilities (13,476) 28,142 (13,779)
Employee retirement plan contributions (46,729) (40,676) (33,729)
Operating lease liabilities (29,737) (32,344) (28,243)
Other (10,915) (18,981) (3,023)
Net cash provided by operating activities 339,100 359,923 288,435
Investing activities      
Product development spending (27,015) (25,954) (26,608)
Additions to technology, property, and equipment (88,843) (77,407) (88,593)
Businesses acquired in purchase transactions, net of cash acquired (75,703) (299,942) (229,629)
Proceeds related to the sale of certain assets 3,375 0 0
Acquisitions of publication rights and other (5,838) (29,851) (1,840)
Net cash used in investing activities (194,024) (433,154) (346,670)
Financing activities      
Repayments of long-term debt (661,873) (562,752) (630,551)
Borrowings of long-term debt 650,877 593,405 934,323
Payment of debt issuance costs 0 0 (4,006)
Purchases of treasury shares (30,000) (15,765) (46,589)
Change in book overdrafts (6,327) 18,398 (48)
Cash dividends (77,205) (76,938) (76,658)
Impact of tax withholding on stock-based compensation and other (7,110) (3,434) (3,794)
Net cash (used in) provided by financing activities (131,638) (47,086) 172,677
Effects of exchange rate changes on cash, cash equivalents, and restricted cash (7,070) 11,629 (4,943)
Cash reconciliation:      
Cash and cash equivalents 93,795 202,464 92,890
Restricted cash included in Prepaid expenses and other current assets 564 583 658
Balance at beginning of year 94,359 203,047 93,548
Increase/(decrease) for year 6,368 (108,688) 109,499
Cash and cash equivalents 100,397 93,795 202,464
Restricted cash included in Prepaid expenses and other current assets 330 564 583
Balance at end of year 100,727 94,359 203,047
Cash paid during the year for:      
Interest 17,834 17,171 23,622
Income taxes, net of refunds 48,887 41,064 41,537
Learning House [Member] | Warrants [Member]      
Noncash items:      
Shares issued in connection with the acquisition of a business $ 7,363 $ 0 $ 0
[1] See Note 7, “Restructuring and Related (Credits) Charges” and Note 11, “Goodwill and Intangible Assets” for these charges by segment.