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Segment Information
 9 Months Ended
Jan. 31, 2022
Segment Information [Abstract]  
Segment Information
Note 10 — Segment Information

We report our segment information in accordance with the provisions of FASB Accounting Standards Codification (ASC) Topic 280, “Segment Reporting”. These segments reflect the way our chief operating decision maker evaluates our business performance and manages the operations. The performance metric used by our chief operating decision maker to evaluate performance of our reportable segments is Adjusted Contribution to Profit. Our segment reporting structure consists of three reportable segments, which are listed below, as well as a Corporate category, which includes certain costs that are not allocated to the reportable segments:
●
Research Publishing & Platforms
●
Academic & Professional Learning
●
Education Services

Segment information is as follows:

  
Three Months Ended
January 31,
    
Nine Months Ended
January 31,
  
   
2022
    
2021
    
2022
    
2021
  
Revenue:
                        
Research Publishing & Platforms
  
$
263,341
    
$
239,850
    
$
813,251
    
$
731,994
  
Academic & Professional Learning (1)
    
170,633
      
173,626
      
486,426
      
469,971
  
Education Services (1)
    
81,910
      
69,436
      
237,598
      
203,284
  
Total revenue
  
$
515,884
    
$
482,912
    
$
1,537,275
    
$
1,405,249
  
                                 
Adjusted Contribution to Profit:
                                
Research Publishing & Platforms
  
$
62,165
    
$
60,865
    
$
218,242
    
$
204,336
  
Academic & Professional Learning (1)
    
34,989
      
33,151
      
83,918
      
64,454
  
Education Services (1)
    
2,659
      
5,281
      
1,525
      
13,256
  
Total adjusted contribution to profit
    
99,813
      
99,297
      
303,685
      
282,046
  
Adjusted corporate contribution to profit
    
(53,376
)
    
(44,295
)
    
(144,001
)
    
(122,962
)
Total adjusted contribution to profit
  
$
46,437
    
$
55,002
    
$
159,684
    
$
159,084
  
                                 
Depreciation and Amortization:
                                
Research Publishing & Platforms
  
$
23,914
    
$
20,997
    
$
71,140
    
$
60,463
  
Academic & Professional Learning (1)
    
17,038
      
17,233
      
53,550
      
53,757
  
Education Services (1)
    
8,260
      
7,493
      
25,376
      
21,982
  
Total depreciation and amortization
    
49,212
      
45,723
      
150,066
      
136,202
  
Corporate depreciation and amortization
    
4,151
      
3,593
      
12,418
      
11,051
  
Total depreciation and amortization
  
$
53,363
    
$
49,316
    
$
162,484
    
$
147,253
  

(1)
In May 2021, we moved the WileyNXT product offering from Academic & Professional Learning to Education Services. As a result, the prior period results related to the WileyNXT product offering have been included in Education Services. The Revenue, Adjusted Contribution to Profit and Depreciation and Amortization for WileyNXT was $0.5 million, $(0.2) million, and none, respectively, for the three months ended January 31, 2021. The Revenue, Adjusted Contribution to Profit and Depreciation and Amortization for WileyNXT was $1.6 million, $(0.4) million, and none, respectively, for the nine months ended January 31, 2021. There were no changes to our total consolidated financial results.

The following table shows a reconciliation of our consolidated US GAAP Operating Income to Non-GAAP Adjusted Contribution to Profit:

  
Three Months Ended
January 31,
    
Nine Months Ended
January 31,
  
   
2022
    
2021
    
2022
    
2021
  
US GAAP Operating Income
  
$
45,989
    
$
34,327
    
$
160,845
    
$
134,271
  
Adjustments:
                                
Restructuring and related charges (credits) (1)
    
448
      
20,675
      
(1,161
)
    
24,813
  
Non-GAAP Adjusted Contribution to Profit
  
$
46,437
    
$
55,002
    
$
159,684
    
$
159,084
  

(1)
See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment.

See Note 4, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the three and nine months ended January 31, 2022 and 2021.