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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Jan. 31, 2024
Apr. 30, 2023
Jan. 31, 2023
Jan. 31, 2024
Jan. 31, 2023
Apr. 30, 2023
Operating activities            
Net loss $ (113,875)   $ (71,469) $ (225,584) $ (51,111)  
Adjustments to reconcile net loss to net cash provided by operating activities:            
Impairment of goodwill 81,754   99,800 108,449 99,800  
Losses on sale of businesses and impairment charges related to assets held-for-sale 52,404   0 179,747 0  
Amortization of intangible assets 13,517   19,968 42,730 65,389  
Amortization of product development assets       17,894 25,175  
Depreciation and amortization of technology, property and equipment       68,752 72,578  
Restructuring and related charges 14,808   8,807 52,033 45,204  
Stock-based compensation expense 6,300   6,600 19,065 20,613  
Employee retirement plan expense       26,260 22,326  
Foreign exchange transaction losses (gains) (488)   (421) 3,489 (283)  
Other noncash credits       (50,701) (16,200)  
Net change in operating assets and liabilities       (217,782) (229,773)  
Net cash provided by operating activities       24,352 53,718  
Investing activities            
Product development spending       (12,324) (17,763)  
Additions to technology, property and equipment       (57,275) (57,616)  
Businesses acquired in purchase transactions, net of cash acquired       (3,116) (5,792)  
(Costs) proceeds related to the sale of businesses and certain assets       (1,237) 40  
Acquisitions of publication rights and other       (4,541) 1,059  
Net cash used in investing activities       (78,493) (80,072)  
Financing activities            
Repayments of long-term debt       (741,123) (475,576)  
Borrowings of long-term debt       899,804 637,879  
Payment of debt issuance cost       0 (4,493)  
Purchases of treasury shares       (29,000) (24,000)  
Change in book overdrafts       (10,941) (14,990)  
Cash dividends       (57,869) (58,067)  
Impact of tax withholding on stock-based compensation and other       (5,517) (5,469)  
Net cash provided by financing activities       55,354 55,284  
Effects of exchange rate changes on cash, cash equivalents, and restricted cash       432 (2,670)  
Cash reconciliation:            
Cash and cash equivalents   $ 126,449   106,714 100,397 $ 100,397
Restricted cash included in Prepaid expenses and other current assets   538   548 330 330
Balance at beginning of period   126,987 [1]   107,262 100,727 100,727
Increase for the period       1,645 26,260  
Cash and cash equivalents 108,803 106,714 126,449 108,803 126,449 106,714
Restricted cash included in Prepaid expenses and other current assets 104 548 538 104 538 548
Balance at end of period $ 108,907 [1] $ 107,262 $ 126,987 [1] 108,907 [1] 126,987 [1] $ 107,262
Cash paid during the period for:            
Interest       36,293 25,796  
Income taxes, net of refunds       $ 38,522 $ 38,816  
[1]
The balance as of January 31, 2024 includes held-for-sale cash, cash equivalents and restricted cash. See Note 3, "Acquisitions and Divestitures" for further details.