| Schedule of Goodwill |
The following table summarizes the activity in goodwill by segment as of April 30: | | | | | | | | | | | | | | | | | | | | | | | | | | | Research | | Learning | | Total | | Balance at April 30, 2024(1) | $ | 607,289 | | | $ | 484,079 | | | $ | 1,091,368 | | | | | | | | | | | | | | | | | Acquisition(2) | — | | | 1,026 | | | 1,026 | | | | Foreign Translation Adjustment | 32,145 | | | (3,034) | | | 29,111 | | | | Balance at April 30, 2025 | $ | 639,434 | | | $ | 482,071 | | | $ | 1,121,505 | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Translation Adjustment | (67) | | | 10,954 | | | 10,887 | | | | Balance at April 30, 2026 | $ | 639,367 | | | $ | 493,025 | | | $ | 1,132,392 | | |
| | | | | | (1) | As of April 30, 2024, the goodwill balance for the Held for Sale or Sold segment includes accumulated pretax noncash goodwill impairments of $318.2 million. These impairments reduced the goodwill for all reporting units within this segment to zero. | (2) | Refer to Note 4, “Acquisition and Divestitures,” for more information related to the acquisition that occurred in the year ended April 30, 2025. |
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| Schedule of Intangible Assets, Net |
Intangible assets, net as of April 30 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2026 | | 2025 | | | | | | | | | | | | | | | | Cost | | Accumulated
Amortization | | Net | | Cost | | Accumulated
Amortization | | Net | | Intangible assets with definite lives, net(1): | | | | | | | | | | | | | | Content and publishing rights | $ | 1,119,654 | | | $ | (705,438) | | | $ | 414,216 | | | $ | 1,080,115 | | | $ | (662,133) | | | $ | 417,982 | | | | Customer relationships | 131,074 | | | (104,683) | | | 26,391 | | | 131,037 | | | (95,996) | | | 35,041 | | | Developed technology(2) | 41,243 | | | (34,404) | | | 6,839 | | | 41,195 | | | (28,789) | | | 12,406 | | | | Brands and trademarks | 30,549 | | | (26,211) | | | 4,338 | | | 30,538 | | | (25,484) | | | 5,054 | | | | Covenants not to compete | 1,157 | | | (1,157) | | | — | | | 1,157 | | | (1,148) | | | 9 | | | | Total intangible assets with definite lives, net | 1,323,677 | | | (871,893) | | | 451,784 | | | 1,284,042 | | | (813,550) | | | 470,492 | | | | Intangible assets with indefinite lives: | | | | | | | | | | | | | Brands and trademarks(2) | 37,000 | | | — | | | 37,000 | | | 37,000 | | | — | | | 37,000 | | | | Publishing rights | 90,175 | | | — | | | 90,175 | | | 87,552 | | | — | | | 87,552 | | | | Total intangible assets with indefinite lives | 127,175 | | | — | | | 127,175 | | | 124,552 | | | — | | | 124,552 | | | | Total intangible assets, net | $ | 1,450,852 | | | $ | (871,893) | | | $ | 578,959 | | | $ | 1,408,594 | | | $ | (813,550) | | | $ | 595,044 | | |
| | | | | | (1) | Refer to Note 4, “Acquisition and Divestitures,” for more information related to the acquisition that occurred in the year ended April 30, 2025. | | (2) | The developed technology balance as of April 30, 2026 and 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, 2026 and 2025 is net of accumulated impairments of $93.1 million. |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Based on the current amount of intangible assets subject to amortization and assuming current foreign exchange rates, the estimated amortization expense for the following years are as follows: | | | | | | | Fiscal Year | Amount | | 2027 | $ | 50,040 | | | 2028 | 44,511 | | | 2029 | 39,997 | | | 2030 | 36,206 | | | 2031 | 33,843 | | | Thereafter | 247,187 | | | Total | $ | 451,784 | |
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