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Revenue Recognition, Contracts with Customers (Tables)
6 Months Ended
Oct. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue from Contracts With Customers Disaggregated by Segment and Product Type
The following table presents our revenue from contracts with customers disaggregated by segment and product type.
Three Months Ended
October 31,
Six Months Ended
October 31,
2024202320242023
Research:
Research Publishing$222,667 $219,743 $453,618 $442,743 
Research Solutions39,218 37,927 73,576 72,731 
Total Research261,885 257,670 527,194 515,474 
Learning:
Academic94,788 89,125 154,752 137,417 
Professional66,726 59,815 131,076 120,843 
Total Learning161,514 148,940 285,828 258,260 
Held for Sale or Sold3,196 86,198 17,382 170,087 
Total Revenue$426,595 $492,808 $830,404 $943,821 
Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable
The following table provides information about accounts receivable, net and contract liabilities from contracts with customers.
October 31, 2024April 30, 2024Increase/
(Decrease)
Balances from contracts with customers:
Accounts receivable, net$183,015 $224,198 $(41,183)
Contract liabilities (1)
241,488 483,778 (242,290)
Contract liabilities (included in Other long-term liabilities)$22,202 $14,819 $7,383 
(1)
The sales return reserve recorded in Contract liabilities is $24.7 million and $25.4 million, as of October 31, 2024 and April 30, 2024, respectively.
Schedule of Amortization Expense Related to Assets Within Cost of Sales We recorded amortization expense related to these assets within Cost of sales on our Unaudited Condensed Consolidated Statements of Net Income (Loss) as follows:
Three Months Ended
October 31,
Six Months Ended
October 31,
2024202320242023
Amortization expense
$277 $1,015 $583 $2,665 
Schedule of Shipping and Handling Cost Costs incurred for third party shipping and handling are primarily reflected in Operating and administrative expenses on our Unaudited Condensed Consolidated Statements of Net Income (Loss) and were incurred as follows:
Three Months Ended
October 31,
Six Months Ended
October 31,
2024202320242023
Shipping and handling costs
$6,098 $6,471 $11,912 $13,132