Segment Information (Tables)

3 Months Ended

Jul. 31, 2022

Segment information is as follows:

	Three Months Ended July 31,
	2022			2021
Revenue:
Research ⁽¹⁾	$	274,913		$	274,756
Academic & Professional Learning		132,959			139,264
Education Services		79,697			74,368
Total revenue	$	487,569		$	488,388

Adjusted Contribution to Profit:
Research ⁽¹⁾	$	69,104		$	79,024
Academic & Professional Learning		1,375			8,323
Education Services ⁽²⁾		(11,742	)		(1,861	)
Total adjusted contribution to profit		58,737			85,486
Adjusted corporate contribution to profit		(48,667	)		(44,794	)
Total adjusted operating income	$	10,070		$	40,692

Depreciation and Amortization:
Research ⁽¹⁾	$	23,801		$	23,762
Academic & Professional Learning		16,532			18,364
Education Services ⁽²⁾		13,790			8,303
Total depreciation and amortization		54,123			50,429
Corporate depreciation and amortization		4,156			4,137
Total depreciation and amortization	$	58,279		$	54,566

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

⁽²⁾

On January 1, 2020, Wiley acquired mthree, a talent placement provider that addresses the IT skills gap by finding, training, and placing job-ready technology talent in roles with leading corporations worldwide. Its results of operations are included in our Education Services segment. In late May 2022, Wiley renamed the mthree talent development solution to Wiley Edge and discontinued use of the mthree trademark during the three months ended July 31, 2022. As a result of these actions, we determined that a revision of the useful life was warranted and the intangible asset was fully amortized over its remaining useful life resulting in accelerated amortization expense of $4.6 million in the three months ended July 31, 2022. This amortization expense was an adjustment to the Education Services Adjusted contribution to profit. In addition, it was included in Depreciation and amortization in the table above for segment reporting.

Reconciliation of Consolidated US GAAP Operating (Loss) Income to Non-GAAP Adjusted Operating Income

The following table shows a reconciliation of our consolidated US GAAP Operating (Loss) Income to Non-GAAP Adjusted Operating Income:

	Three Months Ended July 31,
	2022			2021
US GAAP Operating (Loss) Income	$	(16,965	)	$	40,968
Adjustments:
Restructuring and related charges (credits)⁽¹⁾		22,441			(276	)
Accelerated amortization of an intangible asset ⁽²⁾		4,594			—
Non-GAAP Adjusted Operating Income	$	10,070		$	40,692

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

⁽²⁾	As described above, this accelerated amortization relates to the mthree trademark.