| Goodwill and Intangible Assets |
Goodwill and Intangible Assets Goodwill The following table summarizes the activity in goodwill by segment as of July 31, 2025: | | | | | | | | | | | | | | | | | | | April 30, 2025 (1) | | Foreign Translation Adjustment | | July 31, 2025 | | Research | $ | 639,434 | | | $ | (5,441) | | | $ | 633,993 | | | Learning | 482,071 | | | 1,763 | | | 483,834 | | | Total | $ | 1,121,505 | | | $ | (3,678) | | | $ | 1,117,827 | |
| | | | | | (1) | As of April 30, 2025, the Held for Sale or Sold segment goodwill balance is zero. It includes accumulated pretax noncash goodwill impairments of $318.2 million. |
Intangible Assets Intangible assets, net were as follows: | | | | | | | | | | | | | July 31, 2025 | | April 30, 2025 ⁽¹⁾ | | Intangible assets with definite lives, net: | | | | | Content and publishing rights | $ | 406,917 | | | $ | 417,982 | | | Customer relationships | 32,545 | | | 35,041 | | | Developed technology | 10,912 | | | 12,406 | | | Brands and trademarks | 4,869 | | | 5,054 | | | Covenants not to compete | 3 | | | 9 | | | Total intangible assets with definite lives, net | 455,246 | | | 470,492 | | | Intangible assets with indefinite lives: | | | | | Brands and trademarks | 37,000 | | | 37,000 | | | Publishing rights | 88,085 | | | 87,552 | | | Total intangible assets with indefinite lives | 125,085 | | | 124,552 | | | Total intangible assets, net | $ | 580,331 | | | $ | 595,044 | |
| | | | | | (1) | The developed technology balance as of April 30, 2025 is presented net of accumulated impairments and write-offs of $2.8 million. The indefinite-lived brands and trademarks balance as of April 30, 2025 is net of accumulated impairments of $93.1 million. |
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