XML 120 R53.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Segment Information (Tables)
 12 Months Ended
Apr. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment information is as follows:
For the Years Ended April 30,
202420232022
Revenue:
Research$1,042,705 $1,080,311 $1,111,343 
Learning574,739 546,395 581,208 
Held for Sale or Sold255,543 393,194 390,377 
Total revenue$1,872,987 $2,019,900 $2,082,928 
Adjusted Operating Income:
Research$237,763 $283,984 $295,227 
Learning142,733 100,100 111,112 
Held for Sale or Sold28,711 1,186 4,094 
Total adjusted operating income by segment$409,207 $385,270 $410,433 
Depreciation and Amortization:
Research$93,422 $93,008 $94,899 
Learning57,696 57,698 58,691 
Held for Sale or Sold(1)
3,437 46,085 45,027 
Total depreciation and amortization$154,555 $196,791 $198,617 
Corporate depreciation and amortization22,434 16,462 16,553 
Total depreciation and amortization$176,989 $213,253 $215,170 
(1)
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.

We discontinued use of the mthree trademark that resulted in a change in the useful life and 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 operating income. In addition, it was included in Depreciation and amortization in the table above.
Schedule of Reconciliation of Consolidated US GAAP Operating Income (Loss) to Non-GAAP Adjusted Operating Income
The following table shows a reconciliation of our Adjusted Operating Income by Segment to Income Before Taxes:
For the Years Ended April 30,
202420232022
Adjusted Operating Income by Segment$409,207 $385,270 $410,433 
Adjustments:   
Corporate expenses(1)
(185,456)(171,926)(192,584)
Legal settlement(2)
— (3,671)— 
Impairment of goodwill(3)
(108,449)(99,800)— 
Restructuring and related charges (credits)(3)
(63,041)(49,389)1,427 
Accelerated amortization of an intangible asset(4)
— (4,594)— 
Interest expense(49,003)(37,745)(19,802)
Foreign exchange transaction (losses) gains(2,959)894 (3,192)
(Losses) gains on sale of businesses and certain assets and impairment charges related to assets held-for-sale(183,389)10,177 3,694 
Other (expense) income, net(3,957)3,884 9,685 
(Loss) Income Before Taxes$(187,047)$33,100 $209,661 
(1)
Corporate expenses includes certain costs that are not allocated to the reportable segments.
(2)
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 Corporate Operating and administrative expenses.
(3)
See Note 7, “Restructuring and Related Charges (Credits)” and Note 11, “Goodwill and Intangible Assets” for these charges by segment.
(4)
As described above, this accelerated amortization relates to the mthree trademark.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
Revenue for the years ended April 30 from external customers based on the location of the customer were as follows:
202420232022
United States$881,795 $995,918 $1,011,716 
United Kingdom165,457 150,601 164,205 
China120,213 150,939 140,323 
Japan84,846 89,084 94,040 
Canada76,509 83,039 80,640 
Other countries544,167 550,319 592,004 
Total$1,872,987 $2,019,900 $2,082,928 
Total long-lived assets, consisting of technology, property and equipment, net and operating lease ROU assets, by geographical area as of April 30 were as follows:
202420232022
United States$213,192 $275,229 $311,912 
United Kingdom27,584 34,748 38,365 
Other countries20,736 28,369 33,014 
Total$261,512 $338,346 $383,291