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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2022
Operating activities      
Net (loss) income $ (200,319) $ 17,233 $ 148,309
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Impairment of goodwill 108,449 99,800 0
Losses (gains) on sale of businesses and certain assets and impairment charges related to assets held-for-sale 183,389 (10,217) (3,694)
Amortization of intangible assets 55,994 84,881 84,836
Amortization of product development assets 22,835 32,366 35,162
Depreciation and amortization of technology, property, and equipment 98,160 96,006 95,172
Restructuring and related charges (credits) 63,041 49,389 (1,427)
Stock-based compensation expense 24,982 26,504 25,705
Employee retirement plan expense 27,844 26,956 19,146
Foreign exchange transaction losses (gains) 2,959 (894) 3,192
Other noncash (credits) charges (12,319) (6,319) 37,128
Changes in operating assets and liabilities      
Accounts receivable, net (22,062) 26,757 (26,318)
Inventories, net 5,436 (522) 2,311
Accounts payable and accrued royalties (38,460) 22,908 16,373
Contract liabilities (1,332) (36,529) 9,973
Restructuring payments (38,520) (26,599) (5,911)
Other accrued liabilities 19,274 (48,787) (13,476)
Employee retirement plan contributions (36,887) (45,985) (46,729)
Operating lease liabilities (25,852) (26,919) (29,737)
Other (28,974) (2,958) (10,915)
Net cash provided by operating activities 207,638 277,071 339,100
Investing activities      
Product development spending (17,262) (22,958) (27,015)
Additions to technology, property, and equipment (76,080) (81,155) (88,843)
Businesses acquired in purchase transactions, net of cash acquired (3,116) (7,292) (75,703)
(Costs) proceeds related to the sale of businesses and certain assets (1,771)    
(Costs) proceeds related to the sale of businesses and certain assets   15,585 3,375
Acquisitions of publication rights and other (8,414) (2,578) (5,838)
Net cash used in investing activities (106,643) (98,398) (194,024)
Financing activities      
Repayments of long-term debt (1,156,939) (1,044,205) (661,873)
Borrowings of long-term debt 1,184,706 1,005,271 650,877
Payment of debt issuance costs 0 (4,493) 0
Purchases of treasury shares (45,050) (35,000) (30,000)
Change in book overdrafts (4,472) (4,841) (6,327)
Cash dividends (76,964) (77,298) (77,205)
Impact of tax withholding on stock-based compensation and other (8,502) (8,002) (7,110)
Net cash used in financing activities (107,221) (168,568) (131,638)
Effects of exchange rate changes on cash, cash equivalents, and restricted cash (1,493) (3,570) (7,070)
Cash reconciliation:      
Cash and cash equivalents 106,714 100,397 93,795
Restricted cash included in Prepaid expenses and other current assets 548 330 564
Balance at beginning of year 107,262 [1] 100,727 [1] 94,359
(Decrease) increase for year (7,719) 6,535 6,368
Cash and cash equivalents 99,441 106,714 100,397
Restricted cash included in Prepaid expenses and other current assets 102 548 330
Balance at end of year [1] 99,543 107,262 100,727
Cash paid during the year for:      
Interest 47,101 36,130 17,834
Income taxes, net of refunds 50,834 50,891 48,887
Noncash items:      
Shares issued in connection with the acquisition of a business $ 0 $ 0 $ 7,363
[1]
The balance as of April 30, 2024 includes held-for-sale cash, cash equivalents and restricted cash. See Note 4, “Acquisitions and Divestitures” for further details.