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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Operating activities    
Net loss $ (1,436) $ (92,264)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment of goodwill 0 26,695
(Gains) losses on sale of businesses and impairment charges related to assets held-for-sale (5,801) 75,929
Amortization of intangible assets 12,927 15,648
Amortization of product development assets 4,476 6,687
Depreciation and amortization of technology, property and equipment 19,850 21,393
Restructuring and related charges 3,870 12,123
Stock-based compensation expense 5,968 6,286
Employee retirement plan expense 9,651 9,244
Foreign exchange transaction (gains) losses (234) 1,620
Other noncash charges (credits) 812 (20,520)
Net change in operating assets and liabilities (138,795) (145,176)
Net cash used in operating activities (88,712) (82,335)
Investing activities    
Product development spending (3,351) (3,747)
Additions to technology, property and equipment (14,502) (20,086)
Businesses acquired in purchase transactions, net of cash acquired (915) (1,500)
Net cash (transferred) proceeds related to the sale of businesses (6,387)  
Net cash (transferred) proceeds related to the sale of businesses   457
Acquisitions of publication rights and other 1,348 (866)
Net cash used in investing activities (23,807) (25,742)
Financing activities    
Repayments of long-term debt (306,231) (196,405)
Borrowings of long-term debt 449,980 341,878
Purchases of treasury shares (12,500) (10,000)
Change in book overdrafts (6,723) (5,947)
Cash dividends (19,184) (19,382)
Impact of tax withholding on stock-based compensation and other (3,753) (4,330)
Net cash provided by financing activities 101,589 105,814
Effects of exchange rate changes on cash, cash equivalents, and restricted cash 798 2,257
Cash reconciliation:    
Cash and cash equivalents 99,441 106,714
Restricted cash included in Prepaid expenses and other current assets 102 548
Balance at beginning of period 99,543 107,262
Decrease for the period (10,132) (6)
Cash and cash equivalents 89,361 107,152
Restricted cash included in Prepaid expenses and other current assets 50 104
Balance at end of period [1] 89,411 107,256
Cash paid during the period for:    
Interest 12,313 10,657
Income taxes, net of refunds $ 9,168 $ 12,374
[1]
The balance as of July 31, 2024 includes held-for-sale cash, cash equivalents and restricted cash. See Note 3, "Divestitures" for further details.