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Goodwill and Intangible Assets (Tables)
12 Months Ended
Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block]
The following table summarizes the activity in goodwill by segment as of April 30:
2022(1)
Acquisition(2)
Impairment
Divestitures(3)
Foreign
Translation
Adjustment
2023
Research$610,416 $— $— $— $(687)$609,729 
Academic442,015 3,878 (99,800)(5,306)(89)340,698 
Talent249,711 — — — 3,912 253,623 
Total$1,302,142 $3,878 $(99,800)$(5,306)$3,136 $1,204,050 
(1)
The Academic goodwill balance as of April 30, 2022 includes a cumulative pretax noncash goodwill impairment of $110.0 million.
(2)
Refer to Note 4, “Acquisitions and Divestitures,” for more information related to the acquisition that occurred in the year ended April 30, 2023.
(3)
Represents the goodwill allocated to the disposition of Wiley's Efficient Learning test prep and advancement courses businesses. Refer to Note 4, "Acquisitions and Divestitures," for more information.
Intangible Assets, Net
Intangible assets, net as of April 30 were as follows:
20232022
CostAccumulated
Amortization
NetCostAccumulated
Amortization
Net
Intangible assets with definite lives, net(1):
Content and publishing rights$1,100,463 $(638,000)$462,463 $1,099,778 $(599,841)$499,937 
Customer relationships407,289 (189,943)217,346 409,097 (167,039)242,058 
Developed technology(2)
76,154 (30,654)45,500 72,398 (17,677)54,721 
Brands and trademarks(3)
44,230 (36,949)7,281 47,533 (31,512)16,021 
Covenants not to compete1,663 (1,363)300 1,655 (1,262)393 
Total intangible assets with definite lives, net1,629,799 (896,909)732,890 1,630,461 (817,331)813,130 
Intangible assets with indefinite lives:     
Brands and trademarks(2)
37,000 — 37,000 37,000 — 37,000 
Publishing rights84,904 — 84,904 81,299 — 81,299 
Total intangible assets with indefinite lives121,904 — 121,904 118,299 — 118,299 
Total intangible assets, net$1,751,703 $(896,909)$854,794 $1,748,760 $(817,331)$931,429 
(1)
Refer to Note 4, “Acquisitions and Divestitures,” for more information related to the acquisitions that occurred in the years ended April 30, 2023 and 2022.
(2)
The developed technology balance as of April 30, 2023 and 2022 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks balance as of April 30, 2023 and 2022 is net of accumulated impairments of $93.1 million.
(3)
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.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Based on the current amount of intangible assets subject to amortization and assuming current foreign exchange rates, the estimated amortization expense for the following years are as follows:
Fiscal YearAmount
2024$77,287 
202570,583 
202668,077 
202763,429 
202857,347 
Thereafter396,167 
Total$732,890