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Schedule II-VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Apr. 30, 2021
Schedule II - VALUATION AND QUALIFYING ACCOUNTS [Abstract]  
Schedule II - VALUATION AND QUALIFYING ACCOUNTS
Schedule II
JOHN WILEY & SONS, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED APRIL 30, 2021, 2020, AND 2019
(Dollars in thousands)

Description
  
Balance at
Beginning
of Period
    
Cumulative Effect of Change in Accounting Principle (1)
    
Charged to
Expenses
    
Deductions
From Reserves
and Other(2)
    
Balance at
End of Period
  
Year Ended April 30, 2021
                              
Allowance for sales returns (3)
  
$
19,642
    
$
—
    
$
36,997
    
$
34,440
    
$
22,199
  
Allowance for doubtful accounts
  
$
18,335
    
$
1,776
    
$
6,957
    
$
5,594
    
$
21,474
  
Allowance for inventory obsolescence
  
$
16,067
    
$
—
    
$
9,236
    
$
11,333
    
$
13,970
  
Valuation allowance on deferred tax assets
  
$
23,287
    
$
—
    
$
3,213
    
$
21,645
    
$
4,855
  
Year Ended April 30, 2020
                                        
Allowance for sales returns (3)
  
$
18,542
    
$
—
    
$
48,829
    
$
47,729
    
$
19,642
  
Allowance for doubtful accounts
  
$
14,307
    
$
—
    
$
5,470
    
$
1,442
    
$
18,335
  
Allowance for inventory obsolescence
  
$
15,825
    
$
—
    
$
8,699
    
$
8,457
    
$
16,067
  
Valuation allowance on deferred tax assets
  
$
21,179
    
$
—
    
$
2,108
    
$
—
    
$
23,287
  
Year Ended April 30, 2019
                                        
Allowance for sales returns (3)
  
$
18,628
    
$
—
    
$
37,483
    
$
37,569
    
$
18,542
  
Allowance for doubtful accounts
  
$
10,107
    
$
—
    
$
5,279
    
$
1,079
    
$
14,307
  
Allowance for inventory obsolescence
  
$
18,193
    
$
—
    
$
7,328
    
$
9,696
    
$
15,825
  
Valuation allowance on deferred tax assets
  
$
8,811
    
$
—
    
$
51
    
$
(12,317
)
  
$
21,179
  

(1)
See Note 2, “Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards” of the Notes to Consolidated Financial Statements of this Form 10-K regarding the adoption of ASU 2016-13, “Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments”. We adopted the new standard on May 1, 2020, with a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption.
(2)
Deductions From Reserves and Other for the years ended April 30, 2021, 2020, and 2019 include foreign exchange translation adjustments. Included in Allowance for doubtful accounts are accounts written off, less recoveries. Included in Allowance for inventory obsolescence are items removed from inventory. Included in Valuation allowance on deferred tax assets for the year ended April 30, 2019 are foreign tax credits generated and valuation allowances needed in connection with the Tax Act. Substantially all of those foreign tax credits are expected to be used during the year ended April 30, 2021 eliminating the need for that portion of our valuation allowance.
(3)
Allowance for sales returns represents anticipated returns net of a recovery of inventory and royalty costs. The provision is reported as a reduction of gross sales to arrive at revenue and the reserve balance is reported as an increase in Contract liabilities with a corresponding increase in Inventories, net and a reduction in Accrued royalties for the years ended April 30, 2021, 2020, and 2019.