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Divestitures (Tables) | 3 Months Ended
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Jul. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations | The major categories of assets and liabilities that have been classified as held-for-sale on the Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2024 were as follows:
| Cross Knowledge |  | Wiley Edge |  | Total
Assets held-for-sale: |  |  |  |  |
Current assets |  |  |  |  |
Cash and cash equivalents (1) | $ | 6,816 |  |  | $ | — |  |  | $ | 6,816 |
Accounts receivable, net | 5,132 |  |  | 1,226 |  |  | 6,358 |
Prepaid expenses and other current assets (1) | 4,201 |  |  | — |  |  | 4,201 |
Valuation allowance | (12,093) |  |  | — |  |  | (12,093) |
Total current assets held-for-sale | $ | 4,056 |  |  | $ | 1,226 |  |  | $ | 5,282 |
Technology, property and equipment, net | 3,815 |  |  | 24 |  |  | 3,839 |
Intangible assets, net | 17,989 |  |  | — |  |  | 17,989 |
Operating lease right-of-use assets | 1,098 |  |  | — |  |  | 1,098 |
Other non-current assets | 16,085 |  |  | — |  |  | 16,085 |
Valuation allowance | (38,987) |  |  | — |  |  | (38,987) |
Total non-current assets held-for-sale | $ | — |  |  | $ | 24 |  |  | $ | 24 |
Liabilities held-for-sale: |  |  |  |  |
Current liabilities |  |  |  |  |
Accounts payable | $ | 595 |  |  | $ | — |  |  | $ | 595 |
Accrued royalties | 397 |  |  | — |  |  | 397 |
Contract liabilities | 13,164 |  |  | — |  |  | 13,164 |
Accrued employment costs | 6,425 |  |  | — |  |  | 6,425 |
Short-term portion of operating lease liabilities | 203 |  |  | — |  |  | 203 |
Other accrued liabilities | 3,319 |  |  | — |  |  | 3,319 |
Total current liabilities held-for-sale | $ | 24,103 |  |  | $ | — |  |  | $ | 24,103 |
Accrued pension liability | 1,095 |  |  | — |  |  | 1,095 |
Deferred income tax liabilities | 4,480 |  |  | — |  |  | 4,480 |
Operating lease liabilities | 251 |  |  | — |  |  | 251 |
Other long-term liabilities | 32 |  |  | 107 |  |  | 139 |
Total long-term liabilities held-for-sale | $ | 5,858 |  |  | $ | 107 |  |  | $ | 5,965 |
(1) | The following table shows a reconciliation of our cash, cash equivalents, and restricted cash included in current assets held-for-sale in our Unaudited Condensed Consolidated Statement of Financial Position to our Unaudited Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2024:
Cash and cash equivalents | $ | 82,545 |
Restricted cash included in Prepaid expenses and other current assets | 50 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2024 | 82,595 |
Total cash, cash equivalents, and restricted cash held-for-sale as of July 31, 2024 | 6,816 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2024 | $ | 89,411 |
The major categories of assets and liabilities that have been classified as held-for-sale on the Unaudited Condensed Consolidated Statement of Financial Position as of April 30, 2024 were as follows:
| Cross Knowledge |  | Wiley Edge |  | Total
Assets held-for-sale: |  |  |  |  |
Current assets |  |  |  |  |
Cash and cash equivalents | $ | 6,305 |  |  | $ | 9,887 |  |  | $ | 16,192 |
Accounts receivable, net | 12,914 |  |  | 13,897 |  |  | 26,811 |
Prepaid expenses and other current assets | 3,780 |  |  | 5,548 |  |  | 9,328 |
Valuation allowance | (17,909) |  |  | — |  |  | (17,909) |
Total current assets held-for-sale | $ | 5,090 |  |  | $ | 29,332 |  |  | $ | 34,422 |
Technology, property and equipment, net | 3,786 |  |  | 2,888 |  |  | 6,674 |
Intangible assets, net | 17,777 |  |  | 34,612 |  |  | 52,389 |
Operating lease right-of-use assets | 1,091 |  |  | 1,008 |  |  | 2,099 |
Other non-current assets | 14,877 |  |  | 53 |  |  | 14,930 |
Valuation allowance | (37,531) |  |  | (19,401) |  |  | (56,932) |
Total non-current assets held-for-sale | $ | — |  |  | $ | 19,160 |  |  | $ | 19,160 |
Liabilities held-for-sale: |  |  |  |  |
Current liabilities |  |  |  |  |
Accounts payable | $ | 494 |  |  | $ | — |  |  | $ | 494 |
Accrued royalties | 268 |  |  | — |  |  | 268 |
Contract liabilities | 16,796 |  |  | — |  |  | 16,796 |
Accrued employment costs | 7,805 |  |  | 3,990 |  |  | 11,795 |
Short-term portion of operating lease liabilities | 319 |  |  | 468 |  |  | 787 |
Other accrued liabilities | 2,762 |  |  | 4,730 |  |  | 7,492 |
Total current liabilities held-for-sale | $ | 28,444 |  |  | $ | 9,188 |  |  | $ | 37,632 |
Accrued pension liability | 1,037 |  |  | — |  |  | 1,037 |
Deferred income tax liabilities | 4,420 |  |  | 4,448 |  |  | 8,868 |
Operating lease liabilities | 251 |  |  | 159 |  |  | 410 |
Other long-term liabilities | 694 |  |  | 228 |  |  | 922 |
Total long-term liabilities held-for-sale | $ | 6,402 |  |  | $ | 4,835 |  |  | $ | 11,237 |
Schedule of Cash and Cash Equivalents |
(1) | The following table shows a reconciliation of our cash, cash equivalents, and restricted cash included in current assets held-for-sale in our Unaudited Condensed Consolidated Statement of Financial Position to our Unaudited Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2024:
Cash and cash equivalents | $ | 82,545 |
Restricted cash included in Prepaid expenses and other current assets | 50 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2024 | 82,595 |
Total cash, cash equivalents, and restricted cash held-for-sale as of July 31, 2024 | 6,816 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2024 | $ | 89,411 |
The major categories of assets and liabilities that have been classified as held-for-sale on the Unaudited Condensed Consolidated Statement of Financial Position as of April 30, 2024 were as follows:
| Cross Knowledge |  | Wiley Edge |  | Total
Assets held-for-sale: |  |  |  |  |
Current assets |  |  |  |  |
Cash and cash equivalents | $ | 6,305 |  |  | $ | 9,887 |  |  | $ | 16,192 |
Accounts receivable, net | 12,914 |  |  | 13,897 |  |  | 26,811 |
Prepaid expenses and other current assets | 3,780 |  |  | 5,548 |  |  | 9,328 |
Valuation allowance | (17,909) |  |  | — |  |  | (17,909) |
Total current assets held-for-sale | $ | 5,090 |  |  | $ | 29,332 |  |  | $ | 34,422 |
Technology, property and equipment, net | 3,786 |  |  | 2,888 |  |  | 6,674 |
Intangible assets, net | 17,777 |  |  | 34,612 |  |  | 52,389 |
Operating lease right-of-use assets | 1,091 |  |  | 1,008 |  |  | 2,099 |
Other non-current assets | 14,877 |  |  | 53 |  |  | 14,930 |
Valuation allowance | (37,531) |  |  | (19,401) |  |  | (56,932) |
Total non-current assets held-for-sale | $ | — |  |  | $ | 19,160 |  |  | $ | 19,160 |
Liabilities held-for-sale: |  |  |  |  |
Current liabilities |  |  |  |  |
Accounts payable | $ | 494 |  |  | $ | — |  |  | $ | 494 |
Accrued royalties | 268 |  |  | — |  |  | 268 |
Contract liabilities | 16,796 |  |  | — |  |  | 16,796 |
Accrued employment costs | 7,805 |  |  | 3,990 |  |  | 11,795 |
Short-term portion of operating lease liabilities | 319 |  |  | 468 |  |  | 787 |
Other accrued liabilities | 2,762 |  |  | 4,730 |  |  | 7,492 |
Total current liabilities held-for-sale | $ | 28,444 |  |  | $ | 9,188 |  |  | $ | 37,632 |
Accrued pension liability | 1,037 |  |  | — |  |  | 1,037 |
Deferred income tax liabilities | 4,420 |  |  | 4,448 |  |  | 8,868 |
Operating lease liabilities | 251 |  |  | 159 |  |  | 410 |
Other long-term liabilities | 694 |  |  | 228 |  |  | 922 |
Total long-term liabilities held-for-sale | $ | 6,402 |  |  | $ | 4,835 |  |  | $ | 11,237 |
Schedule of Restrictions on Cash and Cash Equivalents |
(1) | The following table shows a reconciliation of our cash, cash equivalents, and restricted cash included in current assets held-for-sale in our Unaudited Condensed Consolidated Statement of Financial Position to our Unaudited Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2024:
Cash and cash equivalents | $ | 82,545 |
Restricted cash included in Prepaid expenses and other current assets | 50 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2024 | 82,595 |
Total cash, cash equivalents, and restricted cash held-for-sale as of July 31, 2024 | 6,816 |
Total cash, cash equivalents, and restricted cash per Unaudited Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2024 | $ | 89,411 |
The major categories of assets and liabilities that have been classified as held-for-sale on the Unaudited Condensed Consolidated Statement of Financial Position as of April 30, 2024 were as follows:
| Cross Knowledge |  | Wiley Edge |  | Total
Assets held-for-sale: |  |  |  |  |
Current assets |  |  |  |  |
Cash and cash equivalents | $ | 6,305 |  |  | $ | 9,887 |  |  | $ | 16,192 |
Accounts receivable, net | 12,914 |  |  | 13,897 |  |  | 26,811 |
Prepaid expenses and other current assets | 3,780 |  |  | 5,548 |  |  | 9,328 |
Valuation allowance | (17,909) |  |  | — |  |  | (17,909) |
Total current assets held-for-sale | $ | 5,090 |  |  | $ | 29,332 |  |  | $ | 34,422 |
Technology, property and equipment, net | 3,786 |  |  | 2,888 |  |  | 6,674 |
Intangible assets, net | 17,777 |  |  | 34,612 |  |  | 52,389 |
Operating lease right-of-use assets | 1,091 |  |  | 1,008 |  |  | 2,099 |
Other non-current assets | 14,877 |  |  | 53 |  |  | 14,930 |
Valuation allowance | (37,531) |  |  | (19,401) |  |  | (56,932) |
Total non-current assets held-for-sale | $ | — |  |  | $ | 19,160 |  |  | $ | 19,160 |
Liabilities held-for-sale: |  |  |  |  |
Current liabilities |  |  |  |  |
Accounts payable | $ | 494 |  |  | $ | — |  |  | $ | 494 |
Accrued royalties | 268 |  |  | — |  |  | 268 |
Contract liabilities | 16,796 |  |  | — |  |  | 16,796 |
Accrued employment costs | 7,805 |  |  | 3,990 |  |  | 11,795 |
Short-term portion of operating lease liabilities | 319 |  |  | 468 |  |  | 787 |
Other accrued liabilities | 2,762 |  |  | 4,730 |  |  | 7,492 |
Total current liabilities held-for-sale | $ | 28,444 |  |  | $ | 9,188 |  |  | $ | 37,632 |
Accrued pension liability | 1,037 |  |  | — |  |  | 1,037 |
Deferred income tax liabilities | 4,420 |  |  | 4,448 |  |  | 8,868 |
Operating lease liabilities | 251 |  |  | 159 |  |  | 410 |
Other long-term liabilities | 694 |  |  | 228 |  |  | 922 |
Total long-term liabilities held-for-sale | $ | 6,402 |  |  | $ | 4,835 |  |  | $ | 11,237 |

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