| Schedule of Disposal Groups, Including Discontinued Operations |
For the years ended April 30, 2025, 2024, and 2023, we recorded net pretax (loss) gain on sale of businesses, assets, and impairment charges related to assets held-for-sale as follows:
| | | | | | | | | | | | | | | | | | | For the Years Ended April 30, | | 2025 | | 2024 | | 2023 | | CrossKnowledge | $ | 4,119 | | | $ | (55,440) | | | $ | — | | | Wiley Edge | (14,852) | | | (19,401) | | | — | | | University Services | (12,578) | | | (107,048) | | | — | | | Tuition Manager | 120 | | | (1,500) | | | — | | | Test Prep and Advancement Courses | — | | | — | | | 10,177 | | | Sale of assets | (149) | | | — | | | — | | Net (loss) gain on sale of businesses, assets, and impairment charges related to assets held-for-sale | $ | (23,340) | | | $ | (183,389) | | | $ | 10,177 | |
| | | | | | | | | | | | | | | | | | | Cross Knowledge | | Wiley Edge | | Total | | Assets held-for-sale: | | | | | | | Current assets | | | | | | Cash and cash equivalents (1) | $ | 6,305 | | | $ | 9,887 | | | $ | 16,192 | | | Accounts receivable, net | 12,914 | | | 13,897 | | | 26,811 | | Prepaid expenses and other current assets (1) | 3,780 | | | 5,548 | | | 9,328 | | | Valuation allowance | (17,909) | | | — | | | (17,909) | | | Total current assets held-for-sale | $ | 5,090 | | | $ | 29,332 | | | $ | 34,422 | | | Technology, property and equipment, net | 3,786 | | | 2,888 | | | 6,674 | | | Intangible assets, net | 17,777 | | | 34,612 | | | 52,389 | | | Operating lease right-of-use assets | 1,091 | | | 1,008 | | | 2,099 | | | Other non-current assets | 14,877 | | | 53 | | | 14,930 | | | Valuation allowance | (37,531) | | | (19,401) | | | (56,932) | | | Total non-current assets held-for-sale | $ | — | | | $ | 19,160 | | | $ | 19,160 | | | | | | | | | Liabilities held-for-sale: | | | | | | | Current liabilities | | | | | | | Accounts payable | $ | 494 | | | $ | — | | | $ | 494 | | | Accrued royalties | 268 | | | — | | | 268 | | | Contract liabilities | 16,796 | | | — | | | 16,796 | | | Accrued employment costs | 7,805 | | | 3,990 | | | 11,795 | | | Short-term portion of operating lease liabilities | 319 | | | 468 | | | 787 | | | Other accrued liabilities | 2,762 | | | 4,730 | | | 7,492 | | | Total current liabilities held-for-sale | $ | 28,444 | | | $ | 9,188 | | | $ | 37,632 | | | | | | | | | Accrued pension liability | 1,037 | | | — | | | 1,037 | | | Deferred income tax liabilities | 4,420 | | | 4,448 | | | 8,868 | | | Operating lease liabilities | 251 | | | 159 | | | 410 | | | Other long-term liabilities | 694 | | | 228 | | | 922 | | | Total long-term liabilities held-for-sale | $ | 6,402 | | | $ | 4,835 | | | $ | 11,237 | |
| | | | | | | (1) | The following table shows a reconciliation of our cash, cash equivalents, and restricted cash included in current assets held-for-sale in our Consolidated Statement of Financial Position to our Consolidated Statement of Cash Flows for the year ended April 30, 2024: |
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| Schedule of Restrictions on Cash and Cash Equivalents |
| | | | | | | Cash and cash equivalents | $ | 83,249 | | | Restricted cash included in Prepaid expenses and other current assets | 50 | | Total cash, cash equivalents, and restricted cash per Consolidated Statement of Financial Position as of April 30, 2024 | 83,299 | | | Cash and cash equivalents held-for-sale | 16,192 | | | Restricted cash held-for-sale included in Prepaid expenses and other current assets | 52 | | Total cash, cash equivalents, and restricted cash held-for-sale as of April 30, 2024 | 16,244 | | Total cash, cash equivalents, and restricted cash per Consolidated Statement of Cash Flows for the year ended April 30, 2024 | $ | 99,543 | |
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