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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2022
Oct. 31, 2021
Apr. 30, 2022
Operating activities          
Net income $ 38,193 $ 55,967 $ 20,358 $ 69,797  
Adjustments to reconcile net income to net cash used in operating activities:          
Amortization of intangible assets 20,110 21,476 45,421 42,627  
Amortization of product development assets     16,452 18,088  
Depreciation and amortization of technology, property and equipment     48,827 48,406  
Restructuring and related charges (credits) 13,956 (1,333) 36,397 (1,609)  
Stock-based compensation expense 6,900 6,700 13,998 13,059  
Employee retirement plan expense     14,622 9,892  
Foreign exchange transaction losses (478) 1,370 138 1,000  
Gain on sale of certain assets     (40) (3,694)  
Other noncash (credits) charges     (8,514) 37,663  
Net change in operating assets and liabilities     (263,855) (310,851)  
Net cash used in operating activities     (76,196) (75,622)  
Investing activities          
Product development spending     (11,445) (13,001)  
Additions to technology, property and equipment     (38,530) (37,676)  
Businesses acquired in purchase transactions, net of cash acquired     (96) (13,615)  
Proceeds related to the sale of certain assets     40 3,375  
Acquisitions of publication rights and other     1,738 (1,654)  
Net cash used in investing activities     (48,293) (62,571)  
Financing activities          
Repayments of long-term debt     (208,925) (113,425)  
Borrowings of long-term debt     437,311 340,901  
Purchases of treasury shares     (17,500) (17,367)  
Change in book overdrafts     (15,771) (19,212)  
Cash dividends     (38,749) (38,619)  
Impact of tax withholding on stock-based compensation and other     (4,763) (5,232)  
Net cash provided by financing activities     151,603 147,046  
Effects of exchange rate changes on cash, cash equivalents, and restricted cash     (8,784) (1,742)  
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     18,330 7,111  
Cash and cash equivalents 118,423 100,898 118,423 100,898 100,397
Restricted cash included in Prepaid expenses and other current assets 634 572 634 572 330
Balance at end of period $ 119,057 $ 101,470 119,057 101,470 $ 100,727
Cash paid during the period for:          
Interest     14,077 8,769  
Income taxes, net of refunds     $ 25,349 $ 22,019