v3.25.2
Revenue Recognition, Contracts with Customers (Tables)
 12 Months Ended
Apr. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue from Contracts With Customers Disaggregated by Segment and Product Type
The following tables present our revenue from contracts with customers disaggregated by segment and product type.
For the Years Ended April 30,
202520242023
Research:
Research Publishing$922,553 $892,784 $926,773 
Research Solutions152,906 149,921 153,538 
Total Research1,075,459 1,042,705 1,080,311 
Learning:
Academic333,693 323,541 304,633 
Professional251,075 251,198 241,762 
Total Learning584,768 574,739 546,395 
Held for Sale or Sold17,382 255,543 393,194 
Total Revenue$1,677,609 $1,872,987 $2,019,900 
Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable
The following table provides information about accounts receivable, net and contract liabilities from contracts with customers.
April 30, 2025April 30, 2024Increase/
(Decrease)
Balances from contracts with customers:
Accounts receivable, net$228,410 $224,198 $4,212 
Contract liabilities(1)
462,693 483,778 (21,085)
Contract liabilities (included in Other long-term liabilities)$16,725 $14,819 $1,906 
(1)
The sales return reserve recorded in Contract liabilities is $15.1 million and $25.4 million as of April 30, 2025 and April 30, 2024, respectively. See Note 2, “Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards” for further details of the sales return reserve.
Schedule of Capitalized Contract Cost
We recorded amortization expense related to these assets within Cost of sales on the Consolidated Statements of Income (Loss) as follows:
For the Years Ended April 30,
202520242023
Amortization expense
$1,385 $4,527 $4,465 
Schedule of Shipping and Handling Cost Costs incurred for third-party shipping and handling are primarily reflected in Operating and administrative expenses on the Consolidated Statements of Income (Loss) and were incurred as follows:
For the Years Ended April 30,
202520242023
Shipping and handling costs
$23,644 $25,853 $27,149