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Segment Information (Tables)

9 Months Ended

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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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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