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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED - USD ($)
$ in Thousands
Jan. 31, 2022
Apr. 30, 2021
Current assets    
Cash and cash equivalents $ 109,444 $ 93,795
Accounts receivable, net of allowance for credit losses of $22.8 million and $21.5 million, respectively 267,988 311,571
Inventories, net 39,726 42,538
Prepaid expenses and other current assets 74,412 78,393
Total current assets 491,570 526,297
Product development assets, net 44,350 49,517
Royalty advances, net 36,523 39,582
Technology, property and equipment, net 271,984 282,270
Intangible assets, net 970,893 1,015,302 [1]
Goodwill 1,325,964 1,304,340 [2]
Operating lease right-of-use assets 118,155 121,430
Other non-current assets 118,545 107,701
Total assets 3,377,984 3,446,439
Current liabilities    
Accounts payable 76,743 95,791
Accrued royalties 141,304 78,582
Short-term portion of long-term debt [3] 15,625 12,500
Contract liabilities [4] 355,846 545,425
Accrued employment costs 105,286 144,744
Accrued income taxes 16,804 8,590
Short-term portion of operating lease liabilities 21,598 22,440
Other accrued liabilities 88,275 80,900
Total current liabilities 821,481 988,972
Long-term debt 902,045 809,088
Accrued pension liability 115,860 146,247
Deferred income tax liabilities 182,899 172,903
Operating lease liabilities 139,587 145,832
Other long-term liabilities 96,594 92,106
Total liabilities 2,258,466 2,355,148
Shareholders' equity    
Preferred stock, $1 par value per share: Authorized shares - 2 million, Issued shares - 0 0 0
Additional paid-in capital 457,165 444,358
Retained earnings 1,897,321 1,850,058
Accumulated other comprehensive loss, net of tax (507,439) (490,790)
Less treasury shares at cost (Class A - 23,549 and 23,419 as of January 31, 2022 and April 30, 2021, respectively; Class B - 3,924 and 3,922 as of January 31, 2022 and April 30, 2021, respectively) (810,711) (795,517)
Total shareholders' equity 1,119,518 1,091,291
Total liabilities and shareholders' equity 3,377,984 3,446,439
Class A [Member]    
Shareholders' equity    
Common stock 70,218 70,208
Class B [Member]    
Shareholders' equity    
Common stock $ 12,964 $ 12,974
[1] The developed technology balance as of April 30, 2021 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2021 is net of accumulated impairments of $93.1 million.
[2] The Education Services goodwill balance as of April 30, 2021 includes a cumulative pretax noncash goodwill impairment of $110.0 million.
[3] Relates to our term loan A under the Amended and Restated RCA.
[4] The sales return reserve recorded in Contract liabilities is $39.4 million and $38.0 million, as of January 31, 2022 and April 30, 2021, respectively.