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Segment Information | 9 Months Ended
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Jan. 31, 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, 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, and 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 corporate training and corporate learning offerings. We report our segment information in accordance with the provisions of FASB Accounting Standards Codification (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:
| Three Months Ended January 31, |  | Nine Months Ended January 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Revenue: |  |  |  |  |  |  |
Research | $ | 253,600 |  |  | $ | 263,341 |  |  | $ | 799,872 |  |  | $ | 813,251 |
Academic | 177,515 |  |  | 199,018 |  |  | 507,620 |  |  | 569,742 |
Talent | 60,253 |  |  | 53,525 |  |  | 186,281 |  |  | 154,282 |
Total revenue | $ | 491,368 |  |  | $ | 515,884 |  |  | $ | 1,493,773 |  |  | $ | 1,537,275 |
Adjusted Contribution to Profit: |  |  |  |  |  |  |
Research | $ | 57,177 |  |  | $ | 62,165 |  |  | $ | 200,739 |  |  | $ | 218,242 |
Academic | 20,988 |  |  | 31,972 |  |  | 31,492 |  |  | 68,828 |
Talent (1) | 5,315 |  |  | 5,676 |  |  | 24,882 |  |  | 16,615 |
Total adjusted contribution to profit | 83,480 |  |  | 99,813 |  |  | 257,113 |  |  | 303,685 |
Adjusted corporate contribution to profit | (38,258) |  |  | (53,376) |  |  | (130,426) |  |  | (144,001) |
Total adjusted operating income | $ | 45,222 |  |  | $ | 46,437 |  |  | $ | 126,687 |  |  | $ | 159,684 |
Depreciation and Amortization: |  |  |  |  |  |  |
Research | $ | 23,123 |  |  | $ | 23,914 |  |  | $ | 70,308 |  |  | $ | 71,140 |
Academic | 19,922 |  |  | 19,693 |  |  | 61,547 |  |  | 61,622 |
Talent (1) | 5,458 |  |  | 5,605 |  |  | 19,282 |  |  | 17,304 |
Total depreciation and amortization | 48,503 |  |  | 49,212 |  |  | 151,137 |  |  | 150,066 |
Corporate depreciation and amortization | 3,939 |  |  | 4,151 |  |  | 12,005 |  |  | 12,418 |
Total depreciation and amortization | $ | 52,442 |  |  | $ | 53,363 |  |  | $ | 163,142 |  |  | $ | 162,484 |
(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 (Loss) Income to Non-GAAP Adjusted Operating Income:
| Three Months Ended January 31, |  | Nine Months Ended January 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
US GAAP Operating (Loss) Income | $ | (67,056) |  |  | $ | 45,989 |  |  | $ | (26,582) |  |  | $ | 160,845 |
Adjustments: |  |  |  |  |  |  |
Restructuring and related charges (credits) (1) | 8,807 |  |  | 448 |  |  | 45,204 |  |  | (1,161) |
Impairment of goodwill (2) | 99,800 |  |  | — |  |  | 99,800 |  |  | — |
Legal settlement (3) | 3,671 |  |  | — |  |  | 3,671 |  |  | — |
Accelerated amortization of an intangible asset (4) | — |  |  | — |  |  | 4,594 |  |  | — |
Non-GAAP Adjusted Operating Income | $ | 45,222 |  |  | $ | 46,437 |  |  | $ | 126,687 |  |  | $ | 159,684 |
(1) | See Note 9, “Restructuring and Related Charges (Credits)” for these charges by segment.
(2) | See Note 12, "Goodwill and Intangible Assets" for these charges by segment.
(3) | 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.
(4) | As described above, this accelerated amortization relates to the mthree trademark.
See Note 4, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the three and nine months ended January 31, 2023 and 2022.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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