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Segment Information
6 Months Ended
Oct. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
We report our segment information in accordance with the provisions of FASB Accounting Standards Codification (ASC) Topic 280, “Segment Reporting”. These segments reflect the way our chief operating decision maker evaluates our business performance and manages the operations. The performance metric used by our chief operating decision maker to evaluate performance of our reportable segments is Adjusted Contribution to Profit. Our segment reporting structure consists of three reportable segments, which are listed below, as well as a Corporate category, which includes certain costs that are not allocated to the reportable segments:
Research
Academic & Professional Learning
Education Services
Segment information is as follows:
Three Months Ended
October 31,
Six Months Ended
October 31,
2022202120222021
Revenue:
Research (1)
$271,359 $275,154 $546,272 $549,910 
Academic & Professional Learning152,641 176,529 285,600 315,793 
Education Services
90,836 81,320 170,533 155,688 
Total revenue$514,836 $533,003 $1,002,405 $1,021,391 
    
Adjusted Contribution to Profit:    
Research (1)
$74,458 $77,053 $143,562 $156,077 
Academic & Professional Learning33,850 40,606 35,225 48,929 
Education Services (2)
6,588 727 (5,154)(1,134)
Total adjusted contribution to profit114,896 118,386 173,633 203,872 
Adjusted corporate contribution to profit(43,501)(45,831)(92,168)(90,625)
Total adjusted operating income$71,395 $72,555 $81,465 $113,247 
    
Depreciation and Amortization:    
Research (1)
$23,384 $23,464 $47,185 $47,226 
Academic & Professional Learning16,152 18,148 32,684 36,512 
Education Services (2)
8,975 8,813 22,765 17,116 
Total depreciation and amortization48,511 50,425 102,634 100,854 
Corporate depreciation and amortization3,910 4,130 8,066 8,267 
Total depreciation and amortization$52,421 $54,555 $110,700 $109,121 
(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.
The following table shows a reconciliation of our consolidated US GAAP Operating Income to Non-GAAP Adjusted Operating Income:
Three Months Ended
October 31,
Six Months Ended
October 31,
2022202120222021
US GAAP Operating Income$57,439 $73,888 $40,474 $114,856 
Adjustments:    
Restructuring and related charges (credits) (1)
13,956 (1,333)36,397 (1,609)
Accelerated amortization of an intangible asset (2)
— — 4,594 — 
Non-GAAP Adjusted Operating Income$71,395 $72,555 $81,465 $113,247 
(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.
See Note 4, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the three and six months ended October 31, 2022 and 2021.