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Goodwill and Intangible Assets
6 Months Ended
Oct. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table summarizes the activity in goodwill by segment as of October 31, 2022:
April 30, 2022
Foreign Translation Adjustment
October 31, 2022
Research (1)
$610,416 $(26,417)$583,999 
Academic & Professional Learning498,136 (6,322)491,814 
Education Services (2)
193,590 (1,091)192,499 
Total$1,302,142 $(33,830)$1,268,312 
(1)
The Research segment was previously referred to as Research Publishing & Platforms.
(2)
The Education Services goodwill balance as of April 30, 2022 includes a cumulative pretax noncash goodwill impairment of $110.0 million.
Intangible Assets
Intangible assets, net were as follows:
October 31, 2022April 30, 2022 ⁽¹⁾
Intangible assets with definite lives, net:
Content and publishing rights$462,238 $499,937 
Customer relationships226,841 242,058 
Developed technology47,991 54,721 
Brands and trademarks (2)
9,731 16,021 
Covenants not to compete346 393 
Total intangible assets with definite lives, net747,147 813,130 
Intangible assets with indefinite lives:  
Brands and trademarks37,000 37,000 
Publishing rights76,429 81,299 
Total intangible assets with indefinite lives113,429 118,299 
Total intangible assets, net$860,576 $931,429 
(1)
The developed technology balance as of April 30, 2022 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2022 is net of accumulated impairments of $93.1 million.
(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.