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Revenue Recognition, Contracts with Customers (Tables)
6 Months Ended
Oct. 31, 2022
Revenue from Contract with Customer [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
October 31,
Six Months Ended
October 31,
2022202120222021
Research (1):
Research Publishing (2)
$232,641 $238,853 $472,164 $482,137 
Research Solutions (2)
38,718 36,301 74,108 67,773 
Total Research271,359 275,154 546,272 549,910 
Academic & Professional Learning:
Education Publishing86,200 98,581 149,256 164,961 
Professional Learning66,441 77,948 136,344 150,832 
Total Academic & Professional Learning152,641 176,529 285,600 315,793 
Education Services:
University Services (3)
57,759 58,630 105,570 113,598 
Talent Development Services (3)
33,077 22,690 64,963 42,090 
Total Education Services90,836 81,320 170,533 155,688 
Total Revenue$514,836 $533,003 $1,002,405 $1,021,391 
(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 $24.0 million and $44.1 million for the three and six months ended October 31, 2021, respectively.
(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. There were no changes to the total Education Services segment or our total consolidated financial results. The revenue reclassified was $0.5 million and $1.1 million for the three and six months ended October 31, 2021, respectively.
Contract with Customer, Contract Asset, Contract Liability, and Receivable
The following table provides information about accounts receivable, net and contract liabilities from contracts with customers.
October 31, 2022April 30, 2022Increase/
(Decrease)
Balances from contracts with customers:
Accounts receivable, net$260,026 $331,960 $(71,934)
Contract liabilities (1)
263,821 538,126 (274,305)
Contract liabilities (included in Other long-term liabilities)$20,857 $19,072 $1,785 
(1)
The sales return reserve recorded in Contract liabilities is $28.9 million and $31.1 million, as of October 31, 2022 and April 30, 2022, respectively.