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Goodwill and Intangible Assets (Tables)
9 Months Ended
Jan. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the activity in goodwill by segment as of January 31, 2023:
April 30, 2022 (1)
Acquisitions (2)
Impairment
Foreign Translation Adjustment
January 31, 2023
Research$610,416 $— $— $(5,132)$605,284 
Academic442,015 3,878 (99,800)(148)345,945 
Talent249,711 — — 2,314 252,025 
Total$1,302,142 $3,878 $(99,800)$(2,966)$1,203,254 
(1)
The Academic goodwill balance as of April 30, 2022 includes a cumulative pretax non-cash goodwill impairment of $110.0 million.
(2)Refer to Note 3, "Acquisitions," for more information related to the acquisition that occurred in the three months ended January 31, 2023.
Intangible Assets, Net
Intangible assets, net were as follows:
January 31, 2023April 30, 2022 ⁽¹⁾
Intangible assets with definite lives, net:
Content and publishing rights$466,190 $499,937 
Customer relationships223,156 242,058 
Developed technology48,693 54,721 
Brands and trademarks (2)
9,301 16,021 
Covenants not to compete323 393 
Total intangible assets with definite lives, net747,663 813,130 
Intangible assets with indefinite lives:  
Brands and trademarks37,000 37,000 
Publishing rights83,604 81,299 
Total intangible assets with indefinite lives120,604 118,299 
Total intangible assets, net$868,267 $931,429 
(1)
The developed technology balance as of April 30, 2022 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks as of April 30, 2022 is net of accumulated impairments of $93.1 million.
(2)
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.