v3.25.2
Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards (Tables)
 12 Months Ended
Apr. 30, 2025
Accounting Policies [Abstract]  
Schedule of Net Sales Return Reserves by Balance Sheet Account
The reserves are reflected in the following accounts of the Consolidated Statements of Financial Position as of April 30:
20252024
Increase in Inventories, net$4,042 $7,833 
Decrease in Accrued royalties(2,067)(3,112)
Increase in Contract liabilities15,093 25,393 
Print book sales return reserve net liability balance$(8,984)$(14,448)
Schedule of Advertising and Marketing Costs
Advertising and marketing costs are expensed as incurred. These costs are reflected in the Consolidated Statements of Income (Loss) as follows:
For the Years Ended April 30,
202520242023
Advertising and marketing costs$31,235 $61,709 $93,385 
Cost of sales(1)
29 28,809 55,907 
Operating and administrative expenses31,206 32,900 37,478 
(1)
For the years ended April 30, 2024 and 2023, this includes certain advertising and marketing costs to fulfill performance obligations from contracts with educational institutions incurred by the University Services business, which was sold on January 1, 2024 and previously included in our Held for Sale or Sold segment.