v3.25.2
Revenue Recognition, Contracts with Customers (Tables)
 3 Months Ended
Jul. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue from Contracts With Customers Disaggregated by Segment and Product Type
The following table presents our revenue from contracts with customers disaggregated by segment and product type
Three Months Ended
July 31,
20252024
Research:
Research Publishing$231,827 $230,951 
Research Solutions49,865 34,358 
Total Research281,692 265,309 
Learning:
Academic55,472 59,964 
Professional59,636 64,350 
Total Learning115,108 124,314 
Held for Sale or Sold— 14,186 
Total Revenue$396,800 $403,809 
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.
July 31, 2025April 30, 2025(Decrease)/
Increase
Balances from contracts with customers:
Accounts receivable, net$220,317 $228,410 $(8,093)
Contract liabilities (1)
361,677 462,693 (101,016)
Contract liabilities (included in Other long-term liabilities)$18,451 $16,725 $1,726 
(1)
The sales return reserve recorded in Contract liabilities is $15.2 million and $15.1 million, as of July 31, 2025 and April 30, 2025, respectively.
Schedule of Amortization Expense Related to Assets Within Cost of Sales We recorded amortization expense related to these assets within Cost of sales on our Unaudited Condensed Consolidated Statements of Net Income (Loss) as follows:
Three Months Ended
July 31,
20252024
Amortization expense
$277 $306 
Schedule of Shipping and Handling Cost Costs incurred for third party shipping and handling are primarily reflected in Operating and administrative expenses on our Unaudited Condensed Consolidated Statements of Net Income (Loss) and were incurred as follows:
Three Months Ended
July 31,
20252024
Shipping and handling costs
$5,580 $5,814