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Revenue Recognition, Contracts with Customers (Tables)
 12 Months Ended
Apr. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue from Contracts With Customers Disaggregated by Segment and Product Type
The following tables present our revenue from contracts with customers disaggregated by segment and product type.
For the Years Ended April 30,
202320222021
Research:
Research Publishing (1)
$926,773 $963,715 $892,176 
Research Solutions (1)
153,538 147,628 123,173 
Total Research1,080,311 1,111,343 1,015,349 
Academic:
Academic Publishing481,752 531,705 538,643 
University Services208,656 227,407 230,371 
Total Academic690,408 759,112 769,014 
Talent249,181 212,473 157,138 
Total Revenue$2,019,900 $2,082,928 $1,941,501 
(1)
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 $93.3 million and $80.3 million for the years ended April 30, 2022 and 2021, respectively.
Schedule of 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.
April 30, 2023April 30, 2022Increase/
(Decrease)
Balances from contracts with customers:
Accounts receivable, net$310,121 $331,960 $(21,839)
Contract liabilities(1)
504,695 538,126 (33,431)
Contract liabilities (included in Other long-term liabilities)$17,426 $19,072 $(1,646)
(1)
The sales return reserve recorded in Contract liabilities is $24.6 million and $31.1 million as of April 30, 2023 and April 30, 2022, respectively. See Note 2, “Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards” for further details of the sales return reserve.