XML 44 R31.htm IDEA: XBRL DOCUMENT v3.22.0.1

Revenue Recognition, Contracts with Customers (Tables)

9 Months Ended

Jan. 31, 2022

Revenue Recognition, Contracts with Customers [Abstract]

Revenue from Contracts With Customers Disaggregated by Segment and Product Type

The following table presents our revenue from contracts with customers disaggregated by segment and product type.

		Three Months Ended January 31,								Nine Months Ended January 31,
		2022				2021				2022				2021
Research Publishing & Platforms:
Research Publishing		$	248,884			$	229,327			$	775,115			$	700,482
Research Platforms			14,457				10,523				38,136				31,512
Total Research Publishing & Platforms			263,341				239,850				813,251				731,994
Academic & Professional Learning:
Education Publishing (1)			95,498				97,671				260,459				263,702
Professional Learning			75,135				75,955				225,967				206,269
Total Academic & Professional Learning			170,633				173,626				486,426				469,971
Education Services:
University Services (2)			55,090				56,725				167,565				163,248
Talent Development Services (1)(3)			26,820				12,711				70,033				40,036
Total Education Services			81,910				69,436				237,598				203,284
Total Revenue		$	515,884			$	482,912			$	1,537,275			$	1,405,249

⁽¹⁾ In May 2021, we moved the WileyNXT product offering from Academic & Professional Learning – Education Publishing to Education Services – Talent Development Services. As a result, the prior period results related to the WileyNXT product offering have been included in Education Services – Talent Development Services. The revenue was $0.5 million and $1.6 million for the three and nine months ended January 31, 2021, respectively. There were no changes to our total consolidated financial results.

⁽²⁾ University Services was previously referred to as Education Services OPM.

⁽³⁾ Talent Development Services was previously referred to as mthree.

Accounts Receivable, Net and Contract Liabilities from Contracts with Customers

The following table provides information about accounts receivable, net and contract liabilities from contracts with customers.

		January 31, 2022				April 30, 2021				Increase/ (Decrease)
Balances from contracts with customers:
Accounts receivable, net		$	267,988			$	311,571			$	(43,583	)
Contract liabilities (1)			355,846				545,425				(189,579	)
Contract liabilities (included in Other long-term liabilities)		$	21,921			$	19,560			$	2,361

⁽¹⁾ 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.

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration