XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Revenue | 9 Months Ended
--- | ---
Oct. 31, 2022
Revenue |
Revenue | (12) Revenue Disaggregated Revenue and Geography Information The following is a summary of revenues by type for the three and nine months ended October 31, 2022 (Successor) and for the three months ended October 31, 2021 (Successor), the period from June 12, 2021 through October 31, 2021 (Successor) and the period from February 1, 2021 through June 11, 2021 (Predecessor (SLH)) (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter to Date Results | ​ | Year to Date Results
​ | ​ | Fiscal 2023 | ​ | Fiscal 2022 | ​ | Fiscal 2023 | ​ | Fiscal 2022
​ | ​ | Successor | ​ | Successor | ​ | Successor | ​ | Successor |  | ​ | Predecessor (SLH)
​ | ​ | Three Months | ​ | Three Months | ​ | Nine Months | ​ | From | ​ | ​ | From
​ | ​ | Ended | ​ | Ended | ​ | Ended | ​ | June 12, 2021 to | ​ | ​ | February 1, 2021 to
​ |  | October 31, 2022 | ​ | October 31, 2021 | ​ | October 31, 2022 | ​ | October 31, 2021 | ​ | ​ | June 11, 2021
SaaS subscription services | ​ | $ | 93,127 | ​ | $ | 82,593 | ​ | $ | 272,443 | ​ | $ | 126,833 | ​ | ​ | $ | 97,406
Professional services |  | ​ | 4,617 | ​ | ​ | 4,354 | ​ | ​ | 13,429 | ​ | ​ | 6,339 | ​ | ​ | ​ | 5,088
Software licenses and other |  | ​ | 224 | ​ | ​ | — | ​ | ​ | 635 | ​ | ​ | — | ​ | ​ | ​ | —
Instructor led training |  | ​ | 41,422 | ​ | ​ | 53,206 | ​ | ​ | 128,296 | ​ | ​ | 82,448 | ​ | ​ | ​ | —
Total net revenues | ​ | $ | 139,390 | ​ | $ | 140,153 | ​ | $ | 414,803 | ​ | $ | 215,620 | ​ | ​ | $ | 102,494
​ The following table sets forth our revenues by geographic region for the three and nine months ended October 31, 2022 (Successor) and for the three months ended October 31, 2021 (Successor), the period from June 12, 2021 through October 31, 2021 (Successor) and the period from February 1, 2021 through June 11, 2021 (Predecessor (SLH)) (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Quarter to Date Results | ​ | Year to Date Results
​ | ​ | Fiscal 2023 | ​ | Fiscal 2022 | ​ | Fiscal 2023 | ​ | Fiscal 2022
​ | ​ | Successor | ​ | Successor | ​ | Successor | ​ | Successor |  | ​ | Predecessor (SLH)
​ | ​ | Three Months | ​ | Three Months | ​ | Nine Months | ​ | From | ​ | ​ | From
​ | ​ | Ended | ​ | Ended | ​ | Ended | ​ | June 12, 2021 to | ​ | ​ | February 1, 2021 to
​ |  | October 31, 2022 | ​ | October 31, 2021 | ​ | October 31, 2022 | ​ | October 31, 2021 | ​ | ​ | June 11, 2021
Revenue: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
United States | ​ | $ | 92,177 | ​ | $ | 85,421 | ​ | $ | 268,096 | ​ | $ | 132,785 | ​ | ​ | $ | 77,489
Other Americas |  | ​ | 7,099 | ​ | ​ | 9,554 | ​ | ​ | 23,075 | ​ | ​ | 15,076 | ​ | ​ | ​ | 5,197
Europe, Middle East and Africa |  | ​ | 35,230 | ​ | ​ | 40,485 | ​ | ​ | 109,031 | ​ | ​ | 60,563 | ​ | ​ | ​ | 14,283
Asia-Pacific |  | ​ | 4,884 | ​ | ​ | 4,693 | ​ | ​ | 14,601 | ​ | ​ | 7,196 | ​ | ​ | ​ | 5,525
Total net revenues | ​ | $ | 139,390 | ​ | $ | 140,153 | ​ | $ | 414,803 | ​ | $ | 215,620 | ​ | ​ | $ | 102,494
​ Other than the United States, no single country accounted for more than 10% of revenue for all periods presented. Deferred Revenue Deferred revenue activity for the three and nine months ended October 31, 2022 was as follows (in thousands): ​
​ | ​ | ​ | ​
Deferred revenue at January 31, 2022 (Successor) |  | $ | 260,949
Billings deferred | ​ |  | 92,106
Recognition of prior deferred revenue | ​ |  | (134,839)
Acquisition of Codecademy | ​ | ​ | 18,396
Deferred revenue at April 30, 2022 (Successor) | ​ | $ | 236,612
Billings deferred | ​ | ​ | 119,724
Recognition of prior deferred revenue | ​ | ​ | (140,574)
Deferred revenue at July 31, 2022 (Successor) | ​ | ​ | 215,762
Billings deferred | ​ |  | 122,202
Recognition of prior deferred revenue | ​ |  | (139,390)
Deferred revenue at October 31, 2022 (Successor) | ​ | $ | 198,574
​ Deferred revenue performance obligations relate predominately to time-based SaaS subscription services that are billed in advance of services being rendered. Deferred Contract Acquisition Costs Deferred contract acquisition cost activity for the three and nine months ended October 31, 2022 was as follows (in thousands): ​
​ | ​ | ​ | ​
Deferred contract acquisition costs at January 31, 2022 (Successor) |  | $ | 13,248
Contract acquisition costs | ​ |  | 4,265
Recognition of contract acquisition costs | ​ |  | (3,733)
Deferred contract acquisition costs at April 30, 2022 (Successor) | ​ | $ | 13,780
Contract acquisition costs | ​ | ​ | 3,964
Recognition of contract acquisition costs | ​ | ​ | (3,742)
Deferred contract acquisition costs at July 31, 2022 (Successor) | ​ | ​ | 14,002
Contract acquisition costs | ​ |  | 5,213
Recognition of contract acquisition costs | ​ |  | (6,317)
Deferred contract acquisition costs at October 31, 2022 (Successor) | ​ | $ | 12,898
​

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

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration