v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2022
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
(a)
Summary
Compensation
Table Total for
PEO1,2,3($000)
(b)
Compensation
Actually Paid to
PEO1,2,3 ($000)
(c)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs1
($000)
(d)
Average
Compensation
Actually Paid
to Non-PEO
NEOs1,4,5
($000)
(e)
Value of Initial Fixed
$100 Investment
based on:6
Net Income
(GAAP)
($ Millions)
(h)
Adjusted
Revenue
($ Millions)7
(i)
TSR ($)
(f)
Peer Group
TSR ($)
(g)
PEO2
PEO3
PEO2
PEO3
2026
6,589.2
5,782.3
1,906.3
1,745.9
85.2
145.6
221.6
1,655
2025
5,548.3
5,723.3
2,150.5
1,478.6
87.5
123.3
84.2
1,660
2024
3,357.7
4,495.6
3,768.4
1,482.8
2,551.0
2,882.3
73.0
104.4
-200.3
1,606
2023
4,376.6
1,792.2
1,597.7
858.2
71.9
84.1
17.2
2,080
2022
4,948.2
3,889.3
2,726.6
2,279.7
91.6
88.9
148.3
2,069
       
Company Selected Measure Name Adjusted Revenue        
Named Executive Officers, Footnote Matthew S. Kissner and Brian A. Napack were our PEOs
during fiscal year 2024.  Mr. Napack was our PEO for fiscal years 2023 and 2022. The individuals comprising the non-PEO NEOs
for each year presented are listed below.
2026
2025
2024
2023
2022
Craig M. Albright
Christopher F. Caridi
Christina Van Tassell
Christina Van Tassell
John A. Kritzmacher
Christopher F. Caridi
Christina Van Tassell
James J. Flynn II
Aref Matin
Christina Van Tassell
James J. Flynn II
James J. Flynn II
Aref Matin
Todd R. Zipper
Aref Matin
Danielle McMahan
Aref Matin
Danielle McMahan
James J. Flynn II
Todd R. Zipper
Andrew S. Weber
Danielle McMahan
Matthew H. Leavy
Deirdre P. Silver
2.Information reflected for fiscal year 2024 is for PEO Matthew S. Kissner, who was appointed as interim CEO during fiscal year
2024.
3.Information reflected  for fiscal year 2024 is for PEO Brian A. Napack, who departed as CEO during fiscal year 2024.
       
Peer Group Issuers, Footnote TSR provides an indicator of the cumulative total return to shareholders of the Company’s Class A Common Stock as compared
with the cumulative total return on the Dow Jones Publishing Index used in the 10-K performance graph pursuant to Item 201(e)
of Regulation S-K, for the period from April 30, 2021 to April 30, 2026.  Cumulative total return assumes $100 invested on April
30, 2021, and reinvestment of dividends throughout the period.
       
PEO Total Compensation Amount $ 6,589,200 $ 5,548,300   $ 4,376,600 $ 4,948,200
PEO Actually Paid Compensation Amount $ 5,782,300 5,723,300   1,792,200 3,889,300
Adjustment To PEO Compensation, Footnote Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the average of the non-
PEO NEOs as set forth in the table directly below. Equity values are calculated in accordance with FASB ASC Topic 718.
       
Non-PEO NEO Average Total Compensation Amount $ 1,906,300 2,150,500 $ 2,551,000 1,597,700 2,726,600
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,745,900 1,478,600 2,882,300 858,200 2,279,700
Adjustment to Non-PEO NEO Compensation Footnote Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the average of the non-
PEO NEOs as set forth in the table directly below. Equity values are calculated in accordance with FASB ASC Topic 718.
       
Compensation Actually Paid vs. Total Shareholder Return Relationship between CAP and TSR
The graph below illustrates the relationship between our TSR and the Dow Jones Publishing Index TSR, as
well as the relationship between CAP and our TSR for the PEO and the average of the non-PEO NEOs for
the applicable reporting year.
275
       
Compensation Actually Paid vs. Net Income Relationship between CAP and GAAP Net Income
The graph below illustrates the relationship between CAP and Net Income for the PEO and the average of
the non-PEO NEOs for the applicable reporting year.
206
       
Compensation Actually Paid vs. Company Selected Measure Relationship between CAP and Adjusted Revenue
The graph below illustrates the relationship between CAP and Adjusted Revenue for the PEO and the
average of the non-PEO NEOs  for the applicable reporting year.
214
       
Total Shareholder Return Vs Peer Group Relationship between CAP and TSR
The graph below illustrates the relationship between our TSR and the Dow Jones Publishing Index TSR, as
well as the relationship between CAP and our TSR for the PEO and the average of the non-PEO NEOs for
the applicable reporting year.
275
       
Tabular List, Table Adjusted Revenue
Adjusted Operating Income
Adjusted EBITDA
Adjusted EBITDA Margin %
Free Cash Flow
       
Total Shareholder Return Amount $ 85.2 87.5 73.0 71.9 91.6
Peer Group Total Shareholder Return Amount 145.6 123.3 104.4 84.1 88.9
Net Income (Loss) $ 221,600,000 $ 84,200,000 $ (200,300,000) $ 17,200,000 $ 148,300,000
Company Selected Measure Amount 1,655,000,000 1,660,000,000 1,606,000,000 2,080,000,000 2,069,000,000
PEO Name Matthew S. Kissner        
Additional 402(v) Disclosure The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and
do not reflect compensation actually earned, realized, or received by the Company’s PEO and other non-PEO NEOs.  These
amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 5 below.
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Revenue        
Non-GAAP Measure Description Our Company-selected measure is Adjusted Revenue, included as a financial measure in both our annual incentive plan and our
long-term incentive plan.  Revenue is adjusted to exclude the effects of foreign exchange and contributions from acquisitions
made during the year (if any) in accordance with the adjustment mechanics approved at the beginning of the performance
period.  For fiscal years 2024 and 2025, Adjusted Revenue excludes businesses held for sale or sold during the fiscal year.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted Operating Income        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Measure:: 4          
Pay vs Performance Disclosure          
Name Adjusted EBITDA Margin %        
Measure:: 5          
Pay vs Performance Disclosure          
Name Free Cash Flow        
Matthew S. Kissner [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     $ 3,357,700    
PEO Actually Paid Compensation Amount     3,768,400    
Brian A. Napack [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     4,495,600    
PEO Actually Paid Compensation Amount     1,482,800    
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (4,237,900) $ (3,171,300)   $ (2,688,500) $ (2,271,400)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,430,800 2,670,000   1,340,600 1,608,300
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (341,800) 333,100   (1,168,800) (656,500)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 383,700 296,700   296,900 316,500
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (41,700) 46,600   (364,600) (55,800)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0   0 0
PEO | Matthew S. Kissner [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (1,821,800)    
PEO | Matthew S. Kissner [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     2,104,000    
PEO | Matthew S. Kissner [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0    
PEO | Matthew S. Kissner [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     188,100    
PEO | Matthew S. Kissner [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (59,600)    
PEO | Matthew S. Kissner [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0    
PEO | Brian A. Napack [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (2,113,200)    
PEO | Brian A. Napack [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     1,345,700    
PEO | Brian A. Napack [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (10,200)    
PEO | Brian A. Napack [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0    
PEO | Brian A. Napack [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (253,500)    
PEO | Brian A. Napack [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (1,981,700)    
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (900,800) (1,172,400) (1,392,300) (755,900) (1,138,000)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 752,000.0 623,500 1,671,500 376,900 745,500
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (75,000.0) 158,500 (1,300) (347,200) (135,200)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 84,100 55,500 109,800 83,500 182,100
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (20,700) 55,100 (56,300) (96,900) 9,900
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ (392,100) $ 0 $ 0 $ (111,100)