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Restructuring and Related Charges | 3 Months Ended
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Jul. 31, 2025
Restructuring and Related Activities [Abstract] |
Restructuring and Related Charges | Restructuring and Related Charges Global Restructuring Program The Company began a global restructuring program in fiscal year 2023, which aimed to enhance Wiley’s position and drive profitability (Global Restructuring Program) which was expanded in fiscal year 2024. This program included severance related charges for the elimination of certain positions, the exit of certain leased office space, and the reduction of our occupancy at other facilities. Under this program, we reduced our real estate square footage occupancy by approximately 35%. In the fourth quarter of fiscal year 2025, the program was further extended due to the completion of our divestitures with a focus on optimizing our cost structure, with particular emphasis on aligning our technology costs and other corporate expenses. As a result of these initiatives, this expanded program includes severance related charges, facility-related costs associated with certain properties, and other activities. The following tables summarize the pretax restructuring and related charges (credits) related to the Global Restructuring Program:
| Three Months Ended July 31, |  | Total Charges Incurred to Date
| 2025 |  | 2024 |
Charges (Credits) by Segment: |  |  |  |  |
Research | $ | 252 |  |  | $ | 2,323 |  |  | $ | 20,122 |
Learning | 124 |  |  | 227 |  |  | 20,891 |
Held for Sale or Sold | — |  |  | (242) |  |  | 12,995 |
Corporate Expenses | 2,683 |  |  | 5,241 |  |  | 88,834 |
Total Restructuring and Related Charges | $ | 3,059 |  |  | $ | 7,549 |  |  | $ | 142,842 |
Charges (Credits) by Activity: |  |  |  |  |
Severance and termination benefits | $ | 1,962 |  |  | $ | 5,782 |  |  | $ | 76,941 |
Impairment of operating lease ROU assets and property and equipment | — |  |  | — |  |  | 23,395 |
Acceleration of expense related to operating lease ROU assets, technology, property and equipment, and intangible assets | — |  |  | — |  |  | 8,074 |
Facility related charges, net | 992 |  |  | 1,402 |  |  | 13,645 |
Consulting costs (credits) | 62 |  |  | (556) |  |  | 11,971 |
Other activities | 43 |  |  | 921 |  |  | 8,816 |
Total Restructuring and Related Charges | $ | 3,059 |  |  | $ | 7,549 |  |  | $ | 142,842 |
The severance related charges are for certain employees affected by the reduction in force under this program who are entitled to severance payments and certain termination benefits. In the three months ended July 31, 2025 we incurred ongoing facility-related costs associated with certain properties, consulting costs, and other costs for other activities, which includes other employee related costs. In the three months ended July 31, 2024 we incurred ongoing facility-related costs associated with certain properties, consulting credits, and other costs for other activities, which includes relocation and other employee related costs. In the three months ended July 31, 2024 the credits in consulting costs are due to changes in the estimates for previously accrued costs. The following table summarizes the activity for the Global Restructuring Program liability for the three months ended July 31, 2025:
| April 30, 2025 |  | Charges |  | Payments |  | Foreign Translation & Other Adjustments |  | July 31, 2025
Severance and termination benefits | $ | 6,622 |  |  | $ | 1,962 |  |  | $ | (4,198) |  |  | $ | 25 |  |  | $ | 4,411 |
Consulting costs | 927 |  |  | 62 |  |  | (836) |  |  | — |  |  | 153 |
Other activities | 289 |  |  | 43 |  |  | (31) |  |  | (2) |  |  | 299 |
Total | $ | 7,838 |  |  | $ | 2,067 |  |  | $ | (5,065) |  |  | $ | 23 |  |  | $ | 4,863 |
Approximately $3.9 million of the restructuring liability for accrued severance and termination benefits is reflected in Accrued employment costs and approximately $0.5 million is reflected in Other long-term liabilities on our Unaudited Condensed Consolidated Statement of Financial Position. The liabilities for Consulting costs and Other activities are reflected in Other accrued liabilities on our Unaudited Condensed Consolidated Statement of Financial Position. Business Optimization Program For the three months ended July 31, 2025 and 2024, we recorded net pretax restructuring credits of less than $(0.1) million and $(3.6) million, respectively, related to this program. The credits in the three months ended July 31, 2024 are primarily due to the termination of a portion of a lease that was previously impaired in our Corporate Expenses category. As of fiscal year 2023, we substantially completed this program and we have no restructuring liability outstanding. We currently anticipate immaterial ongoing facility charges and do not anticipate any further material charges related to the Business Optimization Program.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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