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Segment Information (Tables) | 9 Months Ended
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Jan. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment information is as follows:
| Three Months Ended January 31, |  | Nine Months Ended January 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenue: |  |  |  |  |  |  |
Research | $ | 256,199 |  |  | $ | 253,600 |  |  | $ | 771,673 |  |  | $ | 799,872 |
Learning | 146,334 |  |  | 143,243 |  |  | 404,594 |  |  | 402,539 |
Held for Sale or Sold | 58,172 |  |  | 94,525 |  |  | 228,259 |  |  | 291,362 |
Total revenue | $ | 460,705 |  |  | $ | 491,368 |  |  | $ | 1,404,526 |  |  | $ | 1,493,773 |
Adjusted Contribution to Profit: |  |  |  |  |  |  |
Research | $ | 57,098 |  |  | $ | 57,177 |  |  | $ | 169,481 |  |  | $ | 200,739 |
Learning | 37,513 |  |  | 29,868 |  |  | 85,051 |  |  | 67,185 |
Held for Sale or Sold | 4,118 |  |  | (3,565) |  |  | 26,302 |  |  | (10,811) |
Total adjusted contribution to profit | 98,729 |  |  | 83,480 |  |  | 280,834 |  |  | 257,113 |
Adjusted corporate contribution to profit | (48,578) |  |  | (38,258) |  |  | (136,873) |  |  | (130,426) |
Less: Held for Sale or Sold Segment Adjusted Contribution to Profit (1) | (4,118) |  |  | 3,565 |  |  | (26,302) |  |  | 10,811 |
Total adjusted operating income | $ | 46,033 |  |  | $ | 48,787 |  |  | $ | 117,659 |  |  | $ | 137,498 |
Depreciation and Amortization: |  |  |  |  |  |  |
Research | $ | 22,029 |  |  | $ | 23,123 |  |  | $ | 67,909 |  |  | $ | 70,308 |
Learning | 13,812 |  |  | 14,490 |  |  | 41,338 |  |  | 42,445 |
Held for Sale or Sold (2) | — |  |  | 10,890 |  |  | 3,437 |  |  | 38,384 |
Total depreciation and amortization | 35,841 |  |  | 48,503 |  |  | 112,684 |  |  | 151,137 |
Corporate depreciation and amortization (3) | 9,633 |  |  | 3,939 |  |  | 16,692 |  |  | 12,005 |
Total depreciation and amortization | $ | 45,474 |  |  | $ | 52,442 |  |  | $ | 129,376 |  |  | $ | 163,142 |
(1) | Our Adjusted Operating Income excludes the impact of our Held for Sale or Sold Segment Adjusted Operating Income or Loss 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.
(3) | As a result of our decision to discontinue the use of certain capitalized software included in Technology, property, and equipment, net on our Unaudited Condensed Consolidated Statement of Financial Position, we recorded a pretax noncash impairment charge of $6.4 million in the three and nine months ended January 31, 2024. The impairment charge was included in Corporate depreciation and amortization reflected in Operating and administrative expenses on our Unaudited Condensed Consolidated Statements of Net Loss.
Reconciliation of Consolidated US GAAP Operating Income to Non-GAAP Adjusted Contribution to Profit | The following table shows a reconciliation of our consolidated US GAAP Operating Loss to Non-GAAP Adjusted Operating Income:
| Three Months Ended January 31, |  | Nine Months Ended January 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
US GAAP Operating Loss | $ | (46,411) |  |  | $ | (67,056) |  |  | $ | (16,521) |  |  | $ | (26,582) |
Adjustments: |  |  |  |  |  |  |
Restructuring and related charges (1) | 14,808 |  |  | 8,807 |  |  | 52,033 |  |  | 45,204 |
Impairment of goodwill (1) | 81,754 |  |  | 99,800 |  |  | 108,449 |  |  | 99,800 |
Legal settlement (2) | — |  |  | 3,671 |  |  | — |  |  | 3,671 |
Accelerated amortization of an intangible asset (3) | — |  |  | — |  |  | — |  |  | 4,594 |
Held for Sale or Sold segment Adjusted Contribution to Profit (4) | (4,118) |  |  | 3,565 |  |  | (26,302) |  |  | 10,811 |
Non-GAAP Adjusted Operating Income | $ | 46,033 |  |  | $ | 48,787 |  |  | $ | 117,659 |  |  | $ | 137,498 |
(1) | See Note 9, “Restructuring and Related Charges” and Note 12, “Goodwill and Intangible Assets” for these charges by segment.
(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 Expenses.
(3) | As described above, this accelerated amortization relates to the mthree trademark.
(4) | Our Adjusted Operating Income excludes the impact of our Held for Sale or Sold segment Adjusted Operating Income or Loss results.

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