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Segment Information
 6 Months Ended
Oct. 31, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
On June 1, 2023, Wiley’s Board of Directors approved a plan to divest certain businesses that we determined are non-core businesses. Those businesses are University Services, Wiley Edge, and CrossKnowledge. These dispositions are expected to be completed during fiscal year 2024. As a result, in the three months ended July 31, 2023 we reorganized our segments and our new structure consists of three reportable segments which includes Research (no change), Learning, and Held for Sale or Sold, as well as a Corporate expense category (no change), which includes certain costs that are not allocated to the reportable segments. The operations of University Services, Wiley Edge, and CrossKnowledge are reported in the Held for Sale or Sold segment. Prior period segment results have been revised to the new segment presentation. There were no changes to our consolidated financial results.
•Research is unchanged and includes the reporting lines of Research Publishing and Research Solutions;
•Learning includes the Academic and Professional reporting lines and consists of publishing and related knowledge solutions;
•Held for Sale or Sold includes businesses held-for-sale including University Services, Wiley Edge, and CrossKnowledge, as well as those sold in fiscal year 2024 which includes Tuition Manager, and in fiscal year 2023 Test Prep and Advancement Courses.

We report our segment information in accordance with the provisions of 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
October 31, 		Six Months Ended
October 31,
2023202220232022
Revenue:
Research$257,670 $271,359 $515,474 $546,272 
Learning148,940 139,649 258,260 259,296 
Held for Sale or Sold
86,198 103,828 170,087 196,837 
Total revenue$492,808 $514,836 $943,821 $1,002,405 
  
Adjusted Contribution to Profit:  
Research$58,856 $74,458 $112,383 $143,562 
Learning39,912 33,576 47,538 37,317 
Held for Sale or Sold
19,100 6,862 22,184 (7,246)
Total adjusted contribution to profit117,868 114,896 182,105 173,633 
Adjusted corporate contribution to profit(46,521)(43,501)(88,295)(92,168)
Less: Held for Sale or Sold Segment Adjusted Contribution to Profit (1)
(19,100)(6,862)(22,184)7,246 
Total adjusted operating income$52,247 $64,533 $71,626 $88,711 
Depreciation and Amortization:
Research$22,668 $23,384 $45,880 $47,185 
Learning13,974 13,900 27,526 27,955 
Held for Sale or Sold (2)
— 11,227 3,437 27,494 
Total depreciation and amortization36,642 48,511 76,843 102,634 
Corporate depreciation and amortization3,532 3,910 7,059 8,066 
Total depreciation and amortization$40,174 $52,421 $83,902 $110,700 
(1)
Our Adjusted Operating Income excludes the impact of our Held for Sale or Sold Segment Adjusted Operating Income results.
(2)
We ceased to record depreciation and amortization of long-lived assets for these businesses as of the date the assets were classified as held-for-sale.

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 Held for Sale or Sold 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 Held for Sale or Sold 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 Income to Non-GAAP Adjusted Operating Income:
Three Months Ended
October 31, 		Six Months Ended
October 31,
2023202220232022
US GAAP Operating Income$46,245 $57,439 $29,890 $40,474 
Adjustments:
Restructuring and related charges (1)
25,102 13,956 37,225 36,397 
Impairment of goodwill (1)
— — 26,695 — 
Accelerated amortization of an intangible asset (2)
— — — 4,594 
Held for Sale or Sold segment Adjusted Contribution to Profit (3)
(19,100)(6,862)(22,184)7,246 
Non-GAAP Adjusted Operating Income$52,247 $64,533 $71,626 $88,711 
(1)
See Note 9, “Restructuring and Related Charges” and Note 12, “Goodwill and Intangible Assets” for these charges by segment.
(2)As described above, this accelerated amortization relates to the mthree trademark.
(3)
Our Adjusted Operating Income excludes the impact of our Held for Sale or Sold segment Adjusted Operating Income or Loss results.
See Note 4, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the three and six months ended October 31, 2023 and 2022.