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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Apr. 30, 2022
Operating activities      
Net (loss) income $ (17,835) $ 13,830  
Adjustments to reconcile net income to net cash used in operating activities:      
Amortization of intangible assets 25,311 21,151  
Amortization of product development assets 8,288 9,058  
Depreciation and amortization of technology, property and equipment 24,680 24,357  
Restructuring and related charges (credits) [1] 22,441 (276)  
Stock-based compensation expense 7,123 6,341  
Employee retirement plan expense 8,325 6,239  
Foreign exchange transaction losses (gains) 616 (370)  
Gain on sale of certain assets 0 (3,750)  
Other noncash (credits) charges (10,791) 27,672  
Net change in operating assets and liabilities (158,097) (189,026)  
Net cash used in operating activities (89,939) (84,774)  
Investing activities      
Product development spending (5,825) (5,670)  
Additions to technology, property and equipment (17,923) (17,910)  
Businesses acquired in purchase transactions, net of cash acquired (96) (3,032)  
Proceeds related to the sale of certain assets 0 3,375  
Acquisitions of publication rights and other 2,038 (295)  
Net cash used in investing activities (21,806) (23,532)  
Financing activities      
Repayments of long-term debt (111,800) (41,300)  
Borrowings of long-term debt 268,673 184,003  
Purchases of treasury shares (10,000) (7,367)  
Change in book overdrafts (4,694) (12,780)  
Cash dividends (19,468) (19,307)  
Impact of tax withholding on stock-based compensation and other (4,722) (4,160)  
Net cash provided by financing activities 117,989 99,089  
Effects of exchange rate changes on cash, cash equivalents, and restricted cash (1,985) (1,586)  
Cash reconciliation:      
Cash and cash equivalents 100,397 93,795 $ 93,795
Restricted cash included in Prepaid expenses and other current assets 330 564 564
Balance at beginning of period 100,727 94,359 94,359
Increase/(decrease) for the period 4,259 (10,803)  
Cash and cash equivalents 104,495 82,982 100,397
Restricted cash included in Prepaid expenses and other current assets 491 574 330
Balance at end of period 104,986 83,556 $ 100,727
Cash paid during the period for:      
Interest 5,511 4,183  
Income taxes, net of refunds $ 14,075 $ 6,441  
[1] See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment.