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Capital Stock and Changes in Capital Accounts | 12 Months Ended
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Apr. 30, 2025
Stockholders' Equity Note [Abstract] |
Capital Stock and Changes in Capital Accounts | Capital Stock and Changes in Capital Accounts Wiley has two classes of common stock, Class A and Class B. Each share of our Class B Common Stock is convertible into one share of Class A Common Stock. The holders of Class A stock are entitled to elect 30% of the entire Board of Directors and the holders of Class B stock are entitled to elect the remainder. On all other matters, each share of Class A stock is entitled to one tenth of one vote, and each share of Class B stock is entitled to one vote. Share Repurchases During the year ended April 30, 2020, our Board of Directors approved a share repurchase program of $200 million of Class A or B Common Stock. As of April 30, 2025, we had authorization from our Board of Directors to purchase up to $57.4 million that was remaining under this program. The following table summarizes the share repurchases of Class A and B Common Stock during the years ended April 30 (shares in thousands):
| 2025 |  | 2024 |  | 2023
Shares repurchased – Class A | 1,186 |  | 1,294 |  | 831
Shares repurchased – Class B | 173 |  | 3 |  | 1
Average price – Class A and Class B | $ | 44.16 |  |  | $ | 34.71 |  |  | $ | 42.07 |
For the year ended April 30, 2025, the average price per share excludes excise taxes payable on share repurchases and may differ from the share repurchases reflected in Purchases of treasury shares in our Consolidated Statements of Cash Flows. Dividends We declared and paid quarterly cash dividends on our Class A and Class B Common Stock for a total of $76.1 million, $77.0 million, and $77.3 million during the years ended April 30, 2025, 2024, and 2023, respectively. Changes in Common Stock The following is a summary of changes during the years ended April 30, in shares of our common stock and common stock in treasury (shares in thousands).
Changes in Class A Common Stock: | 2025 |  | 2024 |  | 2023
Number of shares, beginning of year | 70,259 |  | 70,231 |  | 70,226
Common stock class conversions | 53 |  | 28 |  | 5
Number of shares issued, end of year | 70,312 |  | 70,259 |  | 70,231
Changes in Class A Common Stock in treasury: |  |  |  |  |
Number of shares held, beginning of year | 24,828 |  | 23,983 |  | 23,515
Restricted shares issued under stock-based compensation plans | (448) |  | (662) |  | (544)
Impact of tax withholding on stock-based compensation and other | 121 |  | 213 |  | 181
Purchases of treasury shares | 1,186 |  | 1,294 |  | 831
Number of shares held, end of year | 25,687 |  | 24,828 |  | 23,983
Number of Class A Common Stock outstanding, end of year | 44,625 |  | 45,431 |  | 46,248
Changes in Class B Common Stock: | 2025 |  | 2024 |  | 2023
Number of shares, beginning of year | 12,923 |  | 12,951 |  | 12,956
Common stock class conversions | (53) |  | (28) |  | (5)
Number of shares issued, end of year | 12,870 |  | 12,923 |  | 12,951
Changes in Class B Common Stock in treasury: |  |  |  |  |
Number of shares held, beginning of year | 3,928 |  | 3,925 |  | 3,924
Purchases of treasury shares | 173 |  | 3 |  | 1
Number of shares held, end of year | 4,101 |  | 3,928 |  | 3,925
Number of Class B Common Stock outstanding, end of year | 8,769 |  | 8,995 |  | 9,026

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