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Segment Information (Tables) | 9 Months Ended
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Oct. 31, 2022
Segment Information |
Summary of the company's segment results and segment assets | The following table presents summary results for each of the businesses for the three months and nine months ended October 31, 2022 (Successor) and 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
Skillsoft Content |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ |
Revenues |  | $ | 97,968 | ​ | $ | 86,947 | ​ | $ | 286,507 | ​ | $ | 133,160 | ​ | ​ | $ | 102,494
Operating expenses |  | ​ | 702,867 | ​ | ​ | 92,595 | ​ | ​ | 967,888 | ​ | ​ | 154,047 | ​ | ​ | ​ | 140,484
Operating income (loss) |  | ​ | (604,899) | ​ | ​ | (5,648) | ​ | ​ | (681,381) | ​ | ​ | (20,887) | ​ | ​ | ​ | (37,990)
Global Knowledge |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ |
Revenues |  | ​ | 41,422 | ​ | ​ | 53,206 | ​ | ​ | 128,296 | ​ | ​ | 82,460 | ​ | ​ | ​ | —
Operating expenses |  | ​ | 45,226 | ​ | ​ | 58,005 | ​ | ​ | 211,633 | ​ | ​ | 90,260 | ​ | ​ | ​ | —
Operating income (loss) |  | ​ | (3,804) | ​ | ​ | (4,799) | ​ | ​ | (83,337) | ​ | ​ | (7,800) | ​ | ​ | ​ | —
Consolidated |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ |
Revenues |  | ​ | 139,390 | ​ | ​ | 140,153 | ​ | ​ | 414,803 | ​ | ​ | 215,620 | ​ | ​ | ​ | 102,494
Operating expenses |  | ​ | 748,093 | ​ | ​ | 150,600 | ​ | ​ | 1,179,521 | ​ | ​ | 244,307 | ​ | ​ | ​ | 140,484
Operating income (loss) |  | ​ | (608,703) | ​ | ​ | (10,447) | ​ | ​ | (764,718) | ​ | ​ | (28,687) | ​ | ​ | ​ | (37,990)
Non-operating (expense) income |  | ​ | 1,602 | ​ | ​ | (661) | ​ | ​ | 2,733 | ​ | ​ | (1,653) | ​ | ​ | ​ | (167)
Fair value adjustment of warrants | ​ | ​ | 9,128 | ​ | ​ | (36,838) | ​ | ​ | 26,080 | ​ | ​ | (19,723) | ​ | ​ | ​ | 900
Fair value adjustment of hedge instruments | ​ | ​ | 20,314 | ​ | ​ | — | ​ | ​ | 5,249 | ​ | ​ | — | ​ | ​ | ​ | —
Interest expense, net |  | ​ | (14,487) | ​ | ​ | (6,988) | ​ | ​ | (37,302) | ​ | ​ | (16,304) | ​ | ​ | ​ | (16,703)
Benefits from (provision for) income taxes |  | ​ | 8,832 | ​ | ​ | 6,168 | ​ | ​ | 34,234 | ​ | ​ | 8,165 | ​ | ​ | ​ | 3,521
Net loss from continuing operations | ​ | ​ | (583,314) | ​ | ​ | (48,766) | ​ | ​ | (733,724) | ​ | ​ | (58,202) | ​ | ​ | ​ | (50,439)
Gain on sale of business | ​ | ​ | 53,756 | ​ | ​ | — | ​ | ​ | 53,756 | ​ | ​ | — | ​ | ​ | ​ | —
Income from discontinued operations, net of tax | ​ | ​ | 1,215 | ​ | ​ | 5,911 | ​ | ​ | 8,483 | ​ | ​ | 3,494 | ​ | ​ | ​ | 1,175
Net (loss) income |  | $ | (528,343) | ​ | $ | (42,855) | ​ | $ | (671,485) | ​ | $ | (54,708) | ​ | ​ | $ | (49,264)
​ ​ The Company’s segment assets primarily consist of cash and cash equivalents, accounts receivable, prepaid expenses, deferred taxes, property and equipment, goodwill and intangible assets. The following table sets forth the Company’s segment assets as of October 31, 2022 and January 31, 2022 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
​ |  | October 31, 2022 |  | January 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​
Skillsoft | ​ | $ | 1,371,061 | ​ | $ | 1,648,160
Global Knowledge | ​ | ​ | 224,340 | ​ | ​ | 344,902
Total assets classified as discontinued operations | ​ | ​ | — | ​ | ​ | 228,886
Consolidated | ​ | $ | 1,595,401 | ​ | $ | 2,221,948
Schedule of the company's long-lived tangible assets by geographic region | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
​ |  | October 31, 2022 |  | January 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 8,750 | ​ | $ | 9,482
Ireland | ​ | ​ | 205 | ​ |  | 313
Rest of world | ​ | ​ | 1,702 | ​ | ​ | 1,680
Total | ​ | $ | 10,657 | ​ | $ | 11,475

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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