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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2025
Jan. 31, 2024
Operating activities        
Net income (loss) $ (22,954) $ (113,875) $ 16,068 $ (225,584)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Impairment of goodwill 0 81,754 0 108,449
Net loss on sale of businesses, assets, and impairment charges related to assets held-for-sale 15,930 52,404 9,760 179,747
Amortization of intangible assets 13,042 13,517 38,913 42,730
Amortization of product development assets     12,669 17,894
Depreciation and amortization of technology, property and equipment     58,863 68,752
Restructuring and related charges 5,574 14,808 13,071 52,033
Stock-based compensation expense     17,162 19,065
Employee retirement plan expense     24,824 26,260
Net foreign exchange transaction losses 4,222 (488) 7,316 3,489
Other noncash charges (credits)     4,895 (50,701)
Net change in operating assets and liabilities     (151,291) (217,782)
Net cash provided by operating activities     52,250 24,352
Investing activities        
Product development spending     (11,054) (12,324)
Additions to technology, property and equipment     (42,347) (57,275)
Businesses acquired in purchase transactions, net of cash acquired     (915) (3,116)
Net cash transferred related to the sale of businesses and assets     (11,239) (1,237)
Acquisitions of publication rights and other     (4,139) (4,541)
Net cash used in investing activities     (69,694) (78,493)
Financing activities        
Repayments of long-term debt     (932,694) (741,123)
Borrowings of long-term debt     1,047,013 899,804
Purchases of treasury shares     (35,421) (29,000)
Change in book overdrafts     6,550 (10,941)
Cash dividends     (57,243) (57,869)
Impact of tax withholding on stock-based compensation and other     (4,129) (5,517)
Net cash provided by financing activities     24,076 55,354
Effects of exchange rate changes on cash, cash equivalents, and restricted cash     (1,615) 432
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
Increase for the period     5,017 1,645
Cash and cash equivalents 104,510 108,803 104,510 108,803
Restricted cash included in Prepaid expenses and other current assets 50 104 50 104
Balance at end of period $ 104,560 $ 108,907 104,560 108,907
Cash paid during the period for:        
Interest     40,138 36,293
Income taxes, net of refunds     $ 43,036 $ 38,522