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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Operating activities        
Net income (loss) $ 40,458 $ (19,445) $ 39,022 $ (111,709)
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Impairment of goodwill 0 0 0 26,695
Net (gain) loss on sale of businesses, assets, and impairment charges related to assets held-for-sale (369) 51,414 (6,170) 127,343
Amortization of intangible assets 12,944 13,565 25,871 29,213
Amortization of product development assets     8,622 12,937
Depreciation and amortization of technology, property and equipment     39,478 41,752
Restructuring and related charges 3,627 25,102 7,497 37,225
Stock-based compensation expense     12,002 12,801
Employee retirement plan expense     16,901 17,590
Net foreign exchange transaction losses 3,328 2,357 3,094 3,977
Other noncash charges (credits)     5,570 (39,895)
Net change in operating assets and liabilities     (245,879) (241,415)
Net cash used in operating activities     (93,992) (83,486)
Investing activities        
Product development spending     (7,127) (8,168)
Additions to technology, property and equipment     (29,030) (40,321)
Businesses acquired in purchase transactions, net of cash acquired     (915) (1,500)
Net cash (transferred) proceeds related to the sale of businesses and assets     (8,117)  
Net cash (transferred) proceeds related to the sale of businesses and assets       1,025
Acquisitions of publication rights and other     700 (2,953)
Net cash used in investing activities     (44,489) (51,917)
Financing activities        
Repayments of long-term debt     (621,801) (381,640)
Borrowings of long-term debt     805,867 579,871
Purchases of treasury shares     (25,421) (22,500)
Change in book overdrafts     (3,329) (2,733)
Cash dividends     (38,264) (38,691)
Impact of tax withholding on stock-based compensation and other     (3,969) (4,605)
Net cash provided by financing activities     113,083 129,702
Effects of exchange rate changes on cash, cash equivalents, and restricted cash     1,441 (1,943)
Cash reconciliation:        
Cash and cash equivalents     99,441 106,714
Restricted cash included in Prepaid expenses and other current assets     102 548
Balance at beginning of period     99,543 107,262
Decrease for the period     (23,957) (7,644)
Cash and cash equivalents 75,536 99,515 75,536 99,515
Restricted cash included in Prepaid expenses and other current assets 50 103 50 103
Balance at end of period $ 75,586 $ 99,618 75,586 99,618
Cash paid during the period for:        
Interest     26,305 22,933
Income taxes, net of refunds     $ 29,082 $ 26,423