Acquisition and Divestitures (Tables)

3 Months Ended

Jul. 31, 2026

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Consideration Transferred and Purchase Price Allocation of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary consideration transferred to acquire Emerald Publishing and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed as of June 1, 2026:


	Preliminary Allocation
Total preliminary consideration transferred	$	462,716

Assets acquired:
Cash and cash equivalents	$	11,706
Accounts receivable, net	7,885
Prepaid expenses and other current assets	3,620
Total current assets	23,211

Intangible assets, net	292,282
Other non-current assets	5,388
Total assets	$	320,881

Liabilities assumed:
Contract liabilities	$	33,612
Accrued employment costs	3,153
Other current liabilities	5,165
Total current liabilities	41,930

Deferred income tax liabilities	69,245
Other long-term liabilities	10,155
Total liabilities	$	121,330

Net identifiable assets acquired	$	199,551
Goodwill	$	263,165

Schedule of Identifiable Intangible Assets Acquired and Weighted-Average Useful Life

The following table summarizes the preliminary identifiable intangible assets acquired and their weighted-average useful lives at the date of acquisition:


	Preliminary Estimated Fair Value		Weighted-Average Useful Life
Content and publishing rights	$	185,762	19 years
Customer relationships	98,265		19 years
Brand and trademarks	5,385		5 years
Developed technology	2,870		1.5 years
Total	$	292,282

Schedule of Unaudited Pro Forma Financial Information

The unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisition actually occurred as of those dates, nor is it indicative of future results of the combined company.


	Three Months Ended July 31,
	2026		2025
Revenue	$	394,591	$	415,897
Net loss	$	(3,671)	$	(884)
Diluted loss per share	$	(0.07)	$	(0.02)