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v3.23.2

Acquisitions and Divestitures (Tables) | 3 Months Ended
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Jul. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Disposal Groups, Including Discontinued Operations | The major categories of assets and liabilities that have been classified as held-for-sale on the Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2023 were as follows:
| University Services |  | Cross Knowledge |  | Wiley Edge |  | Total
Assets held-for-sale: |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |
Cash and cash equivalents (1) | $ | 12 |  |  | $ | 17,254 |  |  | $ | 14,742 |  |  | $ | 32,008 |
Accounts receivable, net | 64,830 |  |  | 7,777 |  |  | 20,891 |  |  | 93,498 |
Prepaid expenses and other current assets (1) | 2,726 |  |  | 4,181 |  |  | 6,837 |  |  | 13,744 |
Total current assets held-for-sale | $ | 67,568 |  |  | $ | 29,212 |  |  | $ | 42,470 |  |  | $ | 139,250 |
Technology, property and equipment, net | 13,045 |  |  | 3,696 |  |  | 1,815 |  |  | 18,556 |
Intangible assets, net | 133,413 |  |  | 18,305 |  |  | 34,891 |  |  | 186,609 |
Goodwill | — |  |  | — |  |  | 81,940 |  |  | 81,940 |
Operating lease right-of-use assets | 2,989 |  |  | 514 |  |  | 1,015 |  |  | 4,518 |
Other non-current assets | 7,906 |  |  | 15,616 |  |  | 77 |  |  | 23,599 |
Valuation allowance | (40,659) |  |  | (33,080) |  |  | — |  |  | (73,739) |
Total non-current assets held-for-sale | $ | 116,694 |  |  | $ | 5,051 |  |  | $ | 119,738 |  |  | $ | 241,483 |
Liabilities held-for-sale: |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |
Accounts payable | $ | 1,414 |  |  | $ | 750 |  |  | $ | 244 |  |  | $ | 2,408 |
Accrued royalties | — |  |  | 454 |  |  | — |  |  | 454 |
Contract liabilities | 719 |  |  | 17,883 |  |  | 3 |  |  | 18,605 |
Accrued employment costs | 3,224 |  |  | 7,368 |  |  | 3,654 |  |  | 14,246 |
Short-term portion of operating lease liabilities | 1,058 |  |  | 375 |  |  | 474 |  |  | 1,907 |
Other accrued liabilities | 6,872 |  |  | 1,707 |  |  | 4,058 |  |  | 12,637 |
Total current liabilities held-for-sale | $ | 13,287 |  |  | $ | 28,537 |  |  | $ | 8,433 |  |  | $ | 50,257 |
Accrued pension liability | — |  |  | 658 |  |  | — |  |  | 658 |
Deferred income tax liabilities | — |  |  | 4,291 |  |  | 4,110 |  |  | 8,401 |
Operating lease liabilities | 3,829 |  |  | 48 |  |  | 500 |  |  | 4,377 |
Other long-term liabilities | 355 |  |  | 1,113 |  |  | 222 |  |  | 1,690 |
Total long-term liabilities held-for-sale | $ | 4,184 |  |  | $ | 6,110 |  |  | $ | 4,832 |  |  | $ | 15,126 |
(1) | The following table shows a reconciliation of our cash, cash equivalents, and restricted cash included in current assets held-for-sale and in our Unaudited Condensed Consolidated Statement of Financial Position to our Unaudited Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2023:
Cash and cash equivalents | $ | 75,144 |
Restricted cash included in Prepaid expenses and other current assets | 50 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2023 | 75,194 |
Cash and cash equivalents held-for-sale | 32,008 |
Restricted cash held-for-sale included in Prepaid expenses and other current assets | 54 |
Total cash, cash equivalents, and restricted cash held-for-sale as of July 31, 2023 | 32,062 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2023 | $ | 107,256 |
Schedule of Cash and Cash Equivalents |
Cash and cash equivalents | $ | 75,144 |
Restricted cash included in Prepaid expenses and other current assets | 50 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2023 | 75,194 |
Cash and cash equivalents held-for-sale | 32,008 |
Restricted cash held-for-sale included in Prepaid expenses and other current assets | 54 |
Total cash, cash equivalents, and restricted cash held-for-sale as of July 31, 2023 | 32,062 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2023 | $ | 107,256 |
Restrictions on Cash and Cash Equivalents |
Cash and cash equivalents | $ | 75,144 |
Restricted cash included in Prepaid expenses and other current assets | 50 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2023 | 75,194 |
Cash and cash equivalents held-for-sale | 32,008 |
Restricted cash held-for-sale included in Prepaid expenses and other current assets | 54 |
Total cash, cash equivalents, and restricted cash held-for-sale as of July 31, 2023 | 32,062 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2023 | $ | 107,256 |

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