XML 97 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1
Divestitures - Narrative (Details)
3 Months Ended 9 Months Ended 12 Months Ended
May 31, 2024
USD ($)
Jan. 31, 2025
USD ($)
Oct. 31, 2024
USD ($)
earnout
Jul. 31, 2024
USD ($)
Jan. 31, 2024
USD ($)
Jan. 31, 2025
USD ($)
Jan. 31, 2024
USD ($)
Apr. 30, 2024
USD ($)
Jan. 30, 2025
USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Pre tax loss on sale   $ (15,930,000)     $ (52,404,000) $ (9,760,000) $ (179,747,000)    
Net cash           11,239,000 1,237,000    
Sale of assets                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Pre tax loss on sale     $ 200,000            
Net cash     8,500,000            
CrossKnowledge                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Pre tax loss on sale   275,000     (5,782,000) 4,197,000 (56,159,000)    
CrossKnowledge | Disposed of by Sale                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Selling price for disposal     3,000,000            
Contingent consideration     $ 1,800,000            
Number of earnouts | earnout     2            
Fair value of working capital adjustments     $ 1,200,000            
(Loss) gain on disposal   (51,200,000)       4,200,000      
Gain (loss) recognized related to adjustment   300,000              
CrossKnowledge | Disposed of by Sale | Prepaid Expenses and Other Current Assets                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Earnout   200,000       200,000      
CrossKnowledge | Disposed of by Sale | Other Current Assets                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Earnout   1,600,000       1,600,000      
CrossKnowledge | Disposed of by Sale | Earnout                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Maximum consideration     $ 25,000,000            
CrossKnowledge | Held-for-Sale                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Cumulative impairment charges       $ (4,400,000)   51,000,000   $ 55,400,000  
Wiley Edge                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Pre tax loss on sale   (15,566,000)     (20,676,000) (14,778,000) (20,676,000)    
Wiley Edge | Disposed of by Sale                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Selling price for disposal   23,300,000       23,300,000      
Contingent consideration $ 15,000,000                
(Loss) gain on disposal (34,200,000) (15,600,000)       (14,800,000)      
Cash consideration   10,000,000              
Divestiture of businesses, in cash, deferred   2,500,000              
Consideration, noncash   13,300,000              
Wiley Edge | Disposed of by Sale | Earnout                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Selling price for disposal   0       0     $ 15,000,000
Contingent consideration 0                
Maximum consideration $ 34,000,000                
Wiley Edge | Disposed of by Sale | Inspirit Seller Note                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Stated interest rate (as a percent) 8.00%                
Increase in interest rate 1.00%                
Wiley Edge | Held-for-Sale                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Cumulative impairment charges           19,400,000      
University Services                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Pre tax loss on sale   (639,000)     (25,946,000) 850,000 (101,412,000)    
University Services | Disposed of by Sale                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
(Loss) gain on disposal   (106,200,000)       900,000      
Gain (loss) recognized related to adjustment   (600,000)              
Tuition Manager                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Pre tax loss on sale   $ 0     $ 0 120,000 $ (1,500,000)    
Tuition Manager | Disposed of by Sale                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
(Loss) gain on disposal           (1,400,000)      
Cash received net of transaction costs           $ 100,000