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Revenue Recognition, Contracts with Customers (Tables)
9 Months Ended
Jan. 31, 2025
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
January 31,
Nine Months Ended
January 31,
2025202420252024
Research:
Research Publishing$225,874 $216,586 $679,492 $659,329 
Research Solutions41,670 39,613 115,246 112,344 
Total Research267,544 256,199 794,738 771,673 
Learning:
Academic78,795 87,216 233,547 224,633 
Professional58,287 59,118 189,363 179,961 
Total Learning137,082 146,334 422,910 404,594 
Held for Sale or Sold 58,172 17,382 228,259 
Total Revenue$404,626 $460,705 $1,235,030 $1,404,526 
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.
January 31, 2025April 30, 2024Increase/
(Decrease)
Balances from contracts with customers:
Accounts receivable, net$184,672 $224,198 $(39,526)
Contract liabilities (1)
313,278 483,778 (170,500)
Contract liabilities (included in Other long-term liabilities)$17,408 $14,819 $2,589 
(1)
The sales return reserve recorded in Contract liabilities is $19.6 million and $25.9 million, as of January 31, 2025 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 (Loss) Income as follows:
Three Months Ended
January 31,
Nine Months Ended
January 31,
2025202420252024
Amortization expense
$370 $1,504 $954 $4,169 
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 (Loss) Income and were incurred as follows:
Three Months Ended
January 31,
Nine Months Ended
January 31,
2025202420252024
Shipping and handling costs
$5,922 $6,536 $17,834 $19,668