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Segment Information (Tables) | 3 Months Ended
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Jul. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables present a summary of our Adjusted Operating Income (Loss) by segment, and the reconciliation to Income before taxes:
| Three months ended July 31, 2025
| Research |  | Learning |  | Held for Sale or Sold |  | Total
Revenue | $ | 281,692 |  |  | $ | 115,108 |  |  | $ | — |  |  | $ | 396,800 |
Cost of sales | 80,753 |  |  | 28,506 |  |  | — |  |  | 109,259 |
Direct expenses | 88,587 |  |  | 34,581 |  |  | — |  |  | 123,168 |
Allocated Corporate expenses | 44,981 |  |  | 28,279 |  |  | — |  |  | 73,260 |
Amortization of intangible assets | 11,123 |  |  | 2,087 |  |  | — |  |  | 13,210 |
Adjusted Operating Income by segment | $ | 56,248 |  |  | $ | 21,655 |  |  | $ | — |  |  | $ | 77,903 |
Reconciliation of Adjusted Operating Income by segment to Income before taxes |  |  |  |  |  |  |
Adjusted unallocated Corporate expenses(1) |  |  |  |  |  |  | (43,902) |
Restructuring and related charges(2) |  |  |  |  |  |  | (3,038) |
Interest expense |  |  |  |  |  |  | (11,042) |
Net foreign exchange transaction losses |  |  |  |  |  |  | (971) |
Net loss on sale of businesses, assets, and impairment charges related to assets held-for-sale |  |  |  |  |  |  | (1,116) |
Other expense, net |  |  |  |  |  |  | (127) |
Income before taxes |  |  |  |  |  |  | $ | 17,707 |
| Three months ended July 31, 2024
| Research |  | Learning |  | Held for Sale or Sold |  | Total
Revenue | $ | 265,309 |  |  | $ | 124,314 |  |  | $ | 14,186 |  |  | $ | 403,809 |
Cost of sales | 70,722 |  |  | 32,028 |  |  | 6,470 |  |  | 109,220 |
Direct expenses | 86,437 |  |  | 37,933 |  |  | 7,961 |  |  | 132,331 |
Allocated Corporate expenses | 41,892 |  |  | 29,808 |  |  | 2,274 |  |  | 73,974 |
Amortization of intangible assets | 11,042 |  |  | 2,045 |  |  | — |  |  | 13,087 |
Adjusted Operating Income (Loss) by segment | $ | 55,216 |  |  | $ | 22,500 |  |  | $ | (2,519) |  |  | $ | 75,197 |
Reconciliation of Adjusted Operating Income by segment to Income before taxes |  |  |  |  |  |  |
Adjusted unallocated Corporate expenses(1) |  |  |  |  |  |  | (42,354) |
Restructuring and related charges(2) |  |  |  |  |  |  | (3,870) |
Interest expense |  |  |  |  |  |  | (12,787) |
Net foreign exchange transaction gains |  |  |  |  |  |  | 234 |
Net gain on sale of businesses and impairment charges related to assets held-for-sale |  |  |  |  |  |  | 5,801 |
Other income, net |  |  |  |  |  |  | 782 |
Income before taxes |  |  |  |  |  |  | $ | 23,003 |
(1) | Corporate expenses include certain costs that are not allocated to the reportable segments.
(2) | See Note 9, “Restructuring and Related Charges” for these charges by segment.
See Note 4, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the three months ended July 31, 2025 and 2024. The following tables present a summary of depreciation and amortization expense by segment:
| Three Months Ended July 31,
| 2025 |  | 2024
Research | $ | 23,385 |  |  | $ | 22,559 |
Learning | 9,844 |  |  | 11,294 |
Held for Sale or Sold(1) | — |  |  | — |
Total depreciation and amortization | $ | 33,229 |  |  | $ | 33,853 |
Corporate depreciation and amortization | 3,217 |  |  | 3,400 |
Total depreciation and amortization | $ | 36,446 |  |  | $ | 37,253 |
(1) | We ceased to record depreciation and amortization of long-lived assets for these businesses as of the date the assets were classified as held-for-sale.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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