Revenue Recognition, Contracts with Customers (Tables)

3 Months Ended

Jul. 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 July 31,
	2022		2021
Research ⁽¹⁾:
Research Publishing ⁽²⁾	$	239,523	$	243,284
Research Solutions ⁽²⁾		35,390		31,472
Total Research		274,913		274,756

Academic & Professional Learning:
Education Publishing		63,056		66,380
Professional Learning		69,903		72,884
Total Academic & Professional Learning		132,959		139,264

Education Services:
University Services ⁽³⁾		47,811		54,968
Talent Development Services ⁽³⁾		31,886		19,400
Total Education Services		79,697		74,368

Total Revenue	$	487,569	$	488,388

⁽¹⁾	The Research segment was previously referred to as Research Publishing & Platforms.

⁽²⁾

As previously announced, in May 2022 our revenue by product type previously referred to as Research Platforms was changed to Research Solutions. Research Solutions includes infrastructure and publishing services that help societies and corporations thrive in a complex knowledge ecosystem. In addition to Platforms (Atypon), certain product offerings such as corporate sales which included the recent acquisitions of Madgex Holdings Limited (Madgex), and Bio-Rad Laboratories Inc.’s Informatics products (Informatics) that were previously included in Research Publishing moved to Research Solutions to align with our strategic focus. Research Solutions also includes product offerings related to certain recent acquisitions such as J&J, and EJP. Prior period results have been revised to the new presentation. There were no changes to the total Research segment or our consolidated financial results. The revenue reclassified to Research Solutions was $20.0 million for the three months ended July 31, 2021.

⁽³⁾

In May 2022, we moved the WileyNXT product offering from Talent Development Services to University Services and the prior period results have been included in University Services. The revenue reclassified was $0.6 million for the three months ended July 31, 2021. There were no changes to the total Education Services segment or our total consolidated financial results.

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.

	July 31, 2022		April 30, 2022		Increase/ (Decrease)
Balances from contracts with customers:
Accounts receivable, net	$	281,443	$	331,960	$	(50,517	)
Contract liabilities ⁽¹⁾		407,098		538,126		(131,028	)
Contract liabilities (included in Other long-term liabilities)	$	20,171	$	19,072	$	1,099

⁽¹⁾	The sales return reserve recorded in Contract liabilities is $29.6 million and $31.1 million, as of July 31, 2022 and April 30, 2022, respectively.