XML 63 R17.htm IDEA: XBRL DOCUMENT
v3.26.1

Restructuring and Related Charges | 12 Months Ended
--- | ---
Apr. 30, 2026
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 charges related to the Global Restructuring Program:
|  |  |  |  | For the Years Ended April 30, |  | Total Charges Incurred to Date |
|  |  |  |  | 2026 |  | 2025 |  | 2024 |  |
Charges (Credits) by Segment: |  |  |  |  |  |  |  |  |  |  |  |
Research |  |  |  |  | $ | 1,519 |  |  | $ | 10,047 |  |  | $ | 7,410 |  |  | $ | 21,389 |  |
Learning |  |  |  |  | 2,940 |  |  | 1,515 |  |  | 11,448 |  |  | 23,707 |  |
Held for Sale or Sold |  |  |  |  | — |  |  | (117) |  |  | 7,326 |  |  | 12,995 |  |
Corporate Expenses |  |  |  |  | 14,847 |  |  | 17,902 |  |  | 35,370 |  |  | 100,998 |  |
Total Restructuring and Related Charges |  |  |  |  | $ | 19,306 |  |  | $ | 29,347 |  |  | $ | 61,554 |  |  | $ | 159,089 |  |
Charges by Activity: |  |  |  |  |  |  |  |  |  |  |  |
Severance and termination benefits |  |  |  |  | $ | 9,179 |  |  | $ | 20,596 |  |  | $ | 28,556 |  |  | $ | 84,158 |  |
Impairment of operating lease ROU assets and technology, property, and equipment |  |  |  |  | — |  |  | 656 |  |  | 10,043 |  |  | 23,395 |  |
Acceleration of expense related to operating lease ROU assets, technology, property, and equipment, and intangible assets |  |  |  |  | — |  |  | 1,786 |  |  | 4,148 |  |  | 8,074 |  |
Facility related charges, net |  |  |  |  | 4,368 |  |  | 4,249 |  |  | 4,254 |  |  | 17,021 |  |
Consulting costs |  |  |  |  | 5,022 |  |  | 657 |  |  | 8,967 |  |  | 16,931 |  |
Other activities |  |  |  |  | 737 |  |  | 1,403 |  |  | 5,586 |  |  | 9,510 |  |
Total Restructuring and Related Charges |  |  |  |  | $ | 19,306 |  |  | $ | 29,347 |  |  | $ | 61,554 |  |  | $ | 159,089 |  |
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 year ended April 30, 2024, the impairment charges include the impairment of operating lease ROU assets related to certain leases that will be subleased, and the related property and equipment described further below. In the year ended April 30, 2024, these charges were recorded in Corporate Expenses and the Research segment. Due to the actions taken above, we tested the operating lease ROU assets and the related property and equipment for those being subleased for recoverability. The undiscounted cash flows were below carrying values, indicating impairment. The resulting fair value was $8.7 million in the year ended April 30, 2024 determined using the present value of estimated cash flows, and was categorized as Level 3 within the fair value hierarchy under FASB ASC Topic 820, “Fair Value Measurements.” In addition, in the years ended April 30, 2025 and 2024, the impairment charges include the impairment of certain work-in-process capitalized software because it is no longer probable that the software being developed will be completed, and the work-in-process capitalized software was reported at the lower of its carrying amount or fair value which was zero. In the year ended April 30, 2025 these charges were recorded in the Research segment. In the year ended April 30, 2024, these charges were recorded in the Learning and Research segments, and in Corporate Expenses. In the year ended April 30, 2024, the acceleration of expense includes the acceleration of rent expense associated with operating lease ROU assets related to certain leases that will be abandoned or terminated, and the related depreciation and amortization of property and equipment. In addition, in the years ended April 30, 2025 and 2024, the acceleration of expense includes the acceleration of amortization expense of certain capitalized software as a result of our decision to discontinue the use of those assets. We determined that a revision of the useful lives was warranted, and certain capitalized software was fully amortized over its revised remaining useful life. The acceleration of expense in the year ended April 30, 2025 also includes the acceleration of amortization expense of an intangible asset in our Research segment due to a revision of the useful life which resulted in the asset being fully amortized over its revised remaining useful life. We incurred ongoing facility-related costs associated with certain properties, consulting costs, and costs for other activities, which includes relocation and other employee related costs. The following table summarizes the activity for the Global Restructuring Program liability for the year ended April 30, 2026:
| April 30, 2025 |  | Charges |  | Payments |  | Foreign Translation & Other Adjustments |  | April 30, 2026 |
Severance and termination benefits | $ | 6,622 |  |  | $ | 9,179 |  |  | $ | (12,440) |  |  | $ | 100 |  |  | $ | 3,461 |  |
Consulting costs | 927 |  |  | 5,022 |  |  | (5,232) |  |  | — |  |  | 717 |  |
Other activities | 289 |  |  | 737 |  |  | (32) |  |  | 4 |  |  | 998 |  |
Total | $ | 7,838 |  |  | $ | 14,938 |  |  | $ | (17,704) |  |  | $ | 104 |  |  | $ | 5,176 |  |
Approximately $3.2 million of the restructuring liability for accrued severance and termination benefits is reflected in Accrued employment costs and approximately $0.3 million is reflected in Other long-term liabilities on our Consolidated Statements of Financial Position. The liability for consulting costs and other activities is reflected in Other accrued liabilities on our Consolidated Statements of Financial Position.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration