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Segment Information | 12 Months Ended
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Apr. 30, 2023
Segment Reporting [Abstract] |
Segment Information | Segment Information We have reorganized our Education lines of business into two new customer-centric segments. The Academic segment addresses the university customer group and includes Academic Publishing and University Services. The Talent segment addresses the corporate customer group and will be focused on delivering training, sourcing, and upskilling solutions. Prior period segment results have been revised to the new segment presentation. There were no changes to our consolidated financial results. Our new segment reporting structure consists of three reportable segments, which are listed below, as well as a Corporate expense category (no change), which includes certain costs that are not allocated to the reportable segments: •Research includes Research Publishing and Research Solutions. No changes were made as a result of this realignment; •Academic includes the Academic Publishing and University Services lines. Academic Publishing is the combination of the former Education Publishing line and professional publishing offerings; •Talent is the combination of the former Talent Development line, and our assessments (corporate training) and corporate learning offerings. We report our segment information in accordance with the provisions of 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. Segment information is as follows:
| For the Years Ended April 30,
| 2023 |  | 2022 |  | 2021
Revenue: |  |  |  |  |
Research | $ | 1,080,311 |  |  | $ | 1,111,343 |  |  | $ | 1,015,349 |
Academic | 690,408 |  |  | 759,112 |  |  | 769,014 |
Talent | 249,181 |  |  | 212,473 |  |  | 157,138 |
Total revenue | $ | 2,019,900 |  |  | $ | 2,082,928 |  |  | $ | 1,941,501 |
Adjusted Contribution to Profit: |  |  |  |  |
Research | $ | 283,984 |  |  | $ | 295,227 |  |  | $ | 273,023 |
Academic | 68,279 |  |  | 91,247 |  |  | 117,005 |
Talent (1) | 33,007 |  |  | 23,959 |  |  | (4,154) |
Total adjusted contribution to profit | $ | 385,270 |  |  | $ | 410,433 |  |  | $ | 385,874 |
Adjusted corporate contribution to profit | (171,926) |  |  | (192,584) |  |  | (167,053) |
Total adjusted operating income | $ | 213,344 |  |  | $ | 217,849 |  |  | $ | 218,821 |
Depreciation and Amortization: |  |  |  |  |
Research | $ | 93,008 |  |  | $ | 94,899 |  |  | $ | 83,866 |
Academic | 79,741 |  |  | 81,721 |  |  | 77,823 |
Talent (1) | 24,042 |  |  | 21,997 |  |  | 23,828 |
Total depreciation and amortization | $ | 196,791 |  |  | $ | 198,617 |  |  | $ | 185,517 |
Corporate depreciation and amortization | 16,462 |  |  | 16,553 |  |  | 14,672 |
Total depreciation and amortization | $ | 213,253 |  |  | $ | 215,170 |  |  | $ | 200,189 |
(1) | 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 Talent 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 Talent 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:
| For the Years Ended April 30,
| 2023 |  | 2022 |  | 2021
US GAAP Operating Income | $ | 55,890 |  |  | $ | 219,276 |  |  | $ | 185,511 |
Adjustments: |  |  |  |  |
Restructuring and related charges (credits) (1) | 49,389 |  |  | (1,427) |  |  | 33,310 |
Impairment of goodwill (1) | 99,800 |  |  | — |  |  | — |
Legal settlement (2) | 3,671 |  |  | — |  |  | — |
Accelerated amortization of an intangible asset (3) | 4,594 |  |  | — |  |  | — |
Non-GAAP Adjusted Operating Income | $ | 213,344 |  |  | $ | 217,849 |  |  | $ | 218,821 |
(1) | See Note 7, “Restructuring and Related Charges (Credits)” and Note 11, “Goodwill and Intangible Assets” for these charges by segment.
(2) | In the three months ended January 31, 2023, we settled a litigation matter related to consideration for a previous acquisition for $3.7 million which is included in our Corporate category.
(3) | As described above, this accelerated amortization relates to the mthree trademark.
See Note 3, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the years ended April 30, 2023, 2022, and 2021. The following tables show assets allocated by reportable segment and by the corporate category as of April 30 as follows:
| 2023 |  | 2022
Research | $ | 1,521,450 |  |  | $ | 1,593,297 |
Academic | 870,586 |  |  | 1,023,887 |
Talent | 394,866 |  |  | 413,137 |
Corporate | 321,908 |  |  | 331,374 |
Total | $ | 3,108,810 |  |  | $ | 3,361,695 |
The following tables show product development spending and additions to technology, property, and equipment by reportable segment and by the corporate category:
| For the Years Ended April 30,
| 2023 |  | 2022 |  | 2021
Research | $ | (29,424) |  |  | $ | (30,139) |  |  | $ | (24,284) |
Academic | (39,069) |  |  | (43,580) |  |  | (36,831) |
Talent | (5,865) |  |  | (7,810) |  |  | (8,515) |
Corporate | (29,755) |  |  | (34,329) |  |  | (33,731) |
Total | $ | (104,113) |  |  | $ | (115,858) |  |  | $ | (103,361) |
Revenue for the years ended April 30 from external customers is based on the location of the customer, and technology, property and equipment, net by geographic area as of April 30 were as follows:
| Revenue, net |  | Technology, Property, and Equipment, Net
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
United States | $ | 995,918 |  |  | $ | 1,011,716 |  |  | $ | 990,499 |  |  | $ | 210,547 |  |  | $ | 232,824 |  |  | $ | 241,217 |
China | 150,939 |  |  | 140,323 |  |  | 92,305 |  |  | 1,905 |  |  | 2,609 |  |  | 567 |
United Kingdom | 150,601 |  |  | 164,205 |  |  | 145,806 |  |  | 19,664 |  |  | 19,260 |  |  | 19,436 |
Japan | 89,084 |  |  | 94,040 |  |  | 91,957 |  |  | 675 |  |  | 807 |  |  | 234 |
Canada | 83,039 |  |  | 80,640 |  |  | 67,635 |  |  | 61 |  |  | 194 |  |  | 1,067 |
Australia | 79,802 |  |  | 80,993 |  |  | 57,569 |  |  | 196 |  |  | 476 |  |  | 890 |
Germany | 59,867 |  |  | 75,805 |  |  | 78,035 |  |  | 8,333 |  |  | 7,267 |  |  | 8,459 |
India | 43,505 |  |  | 38,279 |  |  | 32,228 |  |  | 814 |  |  | 984 |  |  | 1,012 |
France | 34,260 |  |  | 43,007 |  |  | 45,681 |  |  | 1,977 |  |  | 3,284 |  |  | 4,329 |
Other Countries | 332,885 |  |  | 353,920 |  |  | 339,786 |  |  | 2,977 |  |  | 3,867 |  |  | 5,059 |
Total | $ | 2,019,900 |  |  | $ | 2,082,928 |  |  | $ | 1,941,501 |  |  | $ | 247,149 |  |  | $ | 271,572 |  |  | $ | 282,270 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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