v3.26.1
Product Development Assets
12 Months Ended
Apr. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Product Development Assets Product Development Assets
Product development assets, net were included in Other non-current assets on the Consolidated Statements of Financial Position and consisted of the following at April 30:
20262025
Book composition costs$246,770 $247,442 
Software costs51,795 50,960 
Content development costs1,360 1,033 
Product development assets, gross299,925 299,435 
Accumulated amortization(285,430)(283,382)
Product development assets, net$14,495 $16,053 
Product development assets include $2.7 million and $3.3 million of work-in-process as of April 30, 2026 and 2025, respectively, primarily for book composition costs.
The following table details our amortization expense for product development assets, net:
For the Years Ended April 30,
202620252024
Amortization expense$16,058 $16,610 $22,835