XML 35 R21.htm IDEA: XBRL DOCUMENT
v3.24.3

Goodwill and Intangible Assets | 6 Months Ended
--- | ---
Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The following table summarizes the activity in goodwill by segment as of October 31, 2024:
| April 30, 2024 (1) |  | Foreign Translation Adjustment |  | October 31, 2024
Research | $ | 607,289 |  |  | $ | 13,654 |  |  | $ | 620,943 |
Learning | 484,079 |  |  | (2,650) |  |  | 481,429 |
Total excluding Held for Sale or Sold segment | 1,091,368 |  |  | 11,004 |  |  | 1,102,372 |
Held for Sale or Sold | — |  |  | — |  |  | — |
Total including Held for Sale or Sold segment | $ | 1,091,368 |  |  | $ | 11,004 |  |  | $ | 1,102,372 |
(1) | The Held for Sale or Sold goodwill balance as of April 30, 2024 includes accumulated pretax noncash goodwill impairment of $318.2 million which reduced the goodwill of all reporting units within the Held for Sale or Sold segment to zero.
Fiscal Year 2024 We recorded a goodwill impairment in the six months ended October 31, 2023 of $26.7 million. These charges are reflected in Impairment of goodwill on our Unaudited Condensed Consolidated Statements of Net Income (Loss). In the three months ended July 31, 2023, we reorganized our segments. Due to this realignment, we reallocated goodwill in the first quarter of fiscal year 2024 to our reporting units on a relative fair value basis. As a result of this realignment, we were required to test goodwill for impairment immediately before and after the realignment. Since there were no changes to the Research reportable segment, no impairment test of the Research segment goodwill was required. Prior to the realignment, the carrying value of the University Services reporting unit was above its fair value which resulted in a pretax noncash goodwill impairment of $11.4 million. Such impairment reduced the goodwill of the University Services reporting unit to zero. After the realignment, the carrying value of the CrossKnowledge reporting unit was above its fair value which resulted in a pretax noncash goodwill impairment of $15.3 million. Such impairment reduced the goodwill of the CrossKnowledge reporting unit to zero. Intangible Assets Intangible assets, net were as follows:
| October 31, 2024 |  | April 30, 2024 ⁽¹⁾
Intangible assets with definite lives, net: |  |  |
Content and publishing rights | $ | 419,751 |  |  | $ | 431,259 |
Customer relationships | 35,689 |  |  | 39,709 |
Developed technology | 16,687 |  |  | 19,522 |
Brands and trademarks | 5,396 |  |  | 5,734 |
Covenants not to compete | 19 |  |  | 34 |
Total intangible assets with definite lives, net | 477,542 |  |  | 496,258 |
Intangible assets with indefinite lives: |  |  |
Brands and trademarks | 37,000 |  |  | 37,000 |
Publishing rights | 83,720 |  |  | 82,436 |
Total intangible assets with indefinite lives | 120,720 |  |  | 119,436 |
Total intangible assets, net | $ | 598,262 |  |  | $ | 615,694 |
(1) | The developed technology balance as of April 30, 2024 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks balance as of April 30, 2024 is net of accumulated impairments of $93.1 million.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration