2021 Q2 Form 10-K Financial Statement

#000114036121023449 Filed on July 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2021
Revenue $536.3M $482.9M $1.942B
YoY Change 12.98% 3.38% 6.01%
Cost Of Revenue $168.0M $157.6M $625.3M
YoY Change 11.58% 2.41% 5.81%
Gross Profit $368.2M $325.3M $1.316B
YoY Change 13.61% 3.86% 6.1%
Gross Profit Margin 68.66% 67.36% 67.79%
Selling, General & Admin $286.9M $251.2M $1.023B
YoY Change 9.87% 2.26% 2.54%
% of Gross Profit 77.91% 77.23% 77.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.89M $121.9M $200.2M
YoY Change 17.99% 179.14% 14.31%
% of Gross Profit 11.92% 37.48% 15.21%
Operating Expenses $308.5M $270.3M $1.023B
YoY Change 11.04% 10.01% 2.54%
Operating Profit $51.20M $34.40M $185.5M
YoY Change -129.99% -29.07% -441.72%
Interest Expense -$967.0K -$6.935M $18.38M
YoY Change -138.68% -209.92% -26.35%
% of Operating Profit -1.89% -20.16% 9.91%
Other Income/Expense, Net $16.76M
YoY Change 25.26%
Pretax Income $50.27M $27.39M $175.9M
YoY Change -129.89% -38.68% -378.82%
Income Tax $8.944M $5.231M $27.66M
% Of Pretax Income 17.79% 19.1% 15.72%
Net Earnings $41.40M $22.20M $148.3M
YoY Change -126.2% -37.29% -299.6%
Net Earnings / Revenue 7.72% 4.6% 7.64%
Basic Earnings Per Share $0.74 $0.40 $2.65
Diluted Earnings Per Share $0.73 $0.39 $2.63
COMMON SHARES
Basic Shares Outstanding 55.93M
Diluted Shares Outstanding 56.46M

Balance Sheet

Concept 2021 Q2 2021 Q1 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.80M $91.32M $93.80M
YoY Change -53.68% -22.21% -53.67%
Cash & Equivalents $93.80M $91.32M $93.80M
Short-Term Investments
Other Short-Term Assets $78.39M $84.77M $78.39M
YoY Change 31.75% 19.22% 31.83%
Inventory $42.54M $40.69M $42.54M
Prepaid Expenses
Receivables $311.6M $278.9M $311.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $526.3M $495.7M $526.3M
YoY Change -14.41% -7.01% -14.41%
LONG-TERM ASSETS
Property, Plant & Equipment $282.3M $284.6M $403.7M
YoY Change -5.28% -35.22% -8.4%
Goodwill $1.304B $1.297B
YoY Change 16.79% 5.77%
Intangibles $1.015B $1.025B
YoY Change 25.75% 10.69%
Long-Term Investments
YoY Change
Other Assets $107.7M $106.5M $107.7M
YoY Change 9.23% 4.31% 9.23%
Total Long-Term Assets $2.920B $2.931B $2.920B
YoY Change 14.34% 4.98% 14.34%
TOTAL ASSETS
Total Short-Term Assets $526.3M $495.7M $526.3M
Total Long-Term Assets $2.920B $2.931B $2.920B
Total Assets $3.446B $3.426B $3.446B
YoY Change 8.76% 3.06% 8.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $95.79M $72.94M $95.79M
YoY Change 2.24% 14.32% 2.24%
Accrued Expenses $326.7M $349.0M $326.7M
YoY Change 12.53% 8.96% 12.54%
Deferred Revenue $545.4M $398.5M
YoY Change 4.85%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $12.50M $12.50M $12.50M
YoY Change 33.33% 60.26% 33.33%
Total Short-Term Liabilities $989.0M $842.1M $989.0M
YoY Change 6.65% 3.39% 6.65%
LONG-TERM LIABILITIES
Long-Term Debt $809.1M $948.2M $809.1M
YoY Change 5.67% 20.09% 5.67%
Other Long-Term Liabilities $92.11M $86.75M $384.2M
YoY Change 22.2% -76.96% -9.2%
Total Long-Term Liabilities $901.2M $1.035B $1.193B
YoY Change 7.15% 31.08% 0.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $989.0M $842.1M $989.0M
Total Long-Term Liabilities $901.2M $1.035B $1.193B
Total Liabilities $2.355B $2.363B $2.355B
YoY Change 5.37% 11.06% 5.37%
SHAREHOLDERS EQUITY
Retained Earnings $1.850B $1.828B
YoY Change 3.93%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $795.5M $789.1M
YoY Change 1.23%
Treasury Stock Shares
Shareholders Equity $1.091B $1.064B $1.091B
YoY Change
Total Liabilities & Shareholders Equity $3.446B $3.426B $3.446B
YoY Change 8.76% 3.06% 8.76%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2021
OPERATING ACTIVITIES
Net Income $41.40M $22.20M $148.3M
YoY Change -126.2% -37.29% -299.6%
Depreciation, Depletion And Amortization $43.89M $121.9M $200.2M
YoY Change 17.99% 179.14% 14.31%
Cash From Operating Activities $205.1M $154.8M $359.9M
YoY Change 2.81% -17.82% 24.78%
INVESTING ACTIVITIES
Capital Expenditures -$30.56M -$76.70M $77.41M
YoY Change -234.62% -458.41% -12.63%
Acquisitions $299.9M
YoY Change 30.62%
Other Investing Activities -$10.20M -$315.7M -$325.9M
YoY Change -73.22% 142.65% 27.19%
Cash From Investing Activities -$40.76M -$392.4M -$433.2M
YoY Change -32.96% 159.01% 24.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $15.77M
YoY Change -66.16%
Debt Paid & Issued, Net $562.8M
YoY Change -10.75%
Cash From Financing Activities -162.9M 115.8M -47.09M
YoY Change 238.03% -507.9% -127.27%
NET CHANGE
Cash From Operating Activities 205.1M 154.8M 359.9M
Cash From Investing Activities -40.76M -392.4M -433.2M
Cash From Financing Activities -162.9M 115.8M -47.09M
Net Change In Cash 1.407M -121.7M -108.7M
YoY Change -98.45% -1532.05% -199.26%
FREE CASH FLOW
Cash From Operating Activities $205.1M $154.8M $359.9M
Capital Expenditures -$30.56M -$76.70M $77.41M
Free Cash Flow $235.7M $231.5M $282.5M
YoY Change 33.29% 38.64% 41.37%

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<div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Reclassifications:</span></div> <div><br/></div> <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Certain prior year amounts have been reclassified to conform to the current year’s presentation.</span></div>
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<div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 1 – Description of Business</div> <div><br/></div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">The Company, founded in 1807, was incorporated in the state of New York on January 15, 1904. Throughout this report, when we refer to “Wiley,” the “Company,” “we,” “our,” or “us,” we are referring to John Wiley &amp; Sons, Inc. and all of our subsidiaries, except where the context indicates otherwise.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000;">Wiley </span>is a global leader in research and education, unlocking human potential by enabling discovery, powering education, and shaping workforces.<span style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000;"> </span>Through <span style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000;">the Research Publishing &amp; Platforms segment, we provide peer-reviewed scientific, technical, and medical (STM) publishing, content platforms, and related services to academic, corporate, and government customers, academic societies, and individual researchers. The Academic &amp; Professional Learning segment provides Education Publishing and Professional Learning content and courseware, training and learning services, to students, professionals, and corporations. The Education Services segment provides online program management (OPM) services for academic institutions and talent placement services for professionals and businesses. We have operations primarily located in the United States (US), United Kingdom (UK), Sri Lanka, Germany, India, Russia, Jordan, and Canada.</span></div>
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CY2020 us-gaap Advertising Expense
AdvertisingExpense
103100000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
89500000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1941501000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1831483000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1800069000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
311571000
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
309384000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2187000
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
545425000
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
520214000
CY2021 jwa Increase Decrease In Contract With Customer Liability Including Foreign Exchange
IncreaseDecreaseInContractWithCustomerLiabilityIncludingForeignExchange
25211000
CY2021Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
19560000
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
14949000
CY2021 jwa Increase Decrease In Contract With Customer Liability Non Current
IncreaseDecreaseInContractWithCustomerLiabilityNonCurrent
4611000
CY2021Q2 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
38000000.0
CY2020Q2 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
32800000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
565000000.0
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-69158000
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4200000
CY2019 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2600000
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
55931000
CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
56224000
CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
57240000
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1000
CY2020 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
15000
CY2019 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
48000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55930000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56209000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57192000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
531000
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
648000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56461000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56209000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57840000
CY2019 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-68835000
CY2019 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
323000
CY2020 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-71549000
CY2020 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-4790000
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-66759000
CY2021 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
75850000
CY2021 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-8857000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
84707000
CY2021Q2 us-gaap Inventory Net
InventoryNet
42538000
CY2020Q2 us-gaap Inventory Net
InventoryNet
43614000
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
733558000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
14000000.0
CY2020Q2 us-gaap Inventory Gross
InventoryGross
37743000
CY2021Q2 jwa Inventory Reserve For Estimated Sales Returns
InventoryReserveForEstimatedSalesReturns
-10886000
CY2020Q2 jwa Inventory Reserve For Estimated Sales Returns
InventoryReserveForEstimatedSalesReturns
-8686000
CY2021Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
2443000
CY2020Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
2815000
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
31704000
CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
36014000
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2060000
CY2020Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
1398000
CY2021Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
331000
CY2020Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
331000
CY2021Q2 us-gaap Inventory Gross
InventoryGross
34095000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
16100000
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
665116000
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
50761000
CY2021Q2 us-gaap Goodwill
Goodwill
1304340000
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1536199000
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
650938000
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
451288000
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
367111000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
282270000
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
298005000
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
69184000
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
55685000
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
50095000
CY2021 jwa Depreciation And Amortization Expense Excluding Capitalized Software
DepreciationAndAmortizationExpenseExcludingCapitalizedSoftware
21955000
CY2020 jwa Depreciation And Amortization Expense Excluding Capitalized Software
DepreciationAndAmortizationExpenseExcludingCapitalizedSoftware
21031000
CY2019 jwa Depreciation And Amortization Expense Excluding Capitalized Software
DepreciationAndAmortizationExpenseExcludingCapitalizedSoftware
19323000
CY2021 us-gaap Depreciation
Depreciation
91139000
CY2020 us-gaap Depreciation
Depreciation
76716000
CY2019 us-gaap Depreciation
Depreciation
69418000
CY2021Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
202800000
CY2020Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
207500000
CY2020Q2 us-gaap Goodwill
Goodwill
1116790000
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
136789000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
885261000
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1248291000
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
559381000
CY2020Q2 jwa Finite Lived Intangible Assets Impaired Accumulated Impairment Loss
FiniteLivedIntangibleAssetsImpairedAccumulatedImpairmentLoss
2841000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
686069000
CY2021Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
130041000
CY2021Q2 jwa Indefinite Lived Intangible Assets Excluding Goodwill Net Of Accumulated Impairment
IndefiniteLivedIntangibleAssetsExcludingGoodwillNetOfAccumulatedImpairment
130041000
CY2020Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
214443000
CY2020Q2 jwa Indefinite Lived Intangible Assets Impaired Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsImpairedAccumulatedImpairmentLoss
93107000
CY2020Q2 jwa Indefinite Lived Intangible Assets Excluding Goodwill Net Of Accumulated Impairment
IndefiniteLivedIntangibleAssetsExcludingGoodwillNetOfAccumulatedImpairment
121336000
CY2021Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1666240000
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1015302000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
248000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
86000
CY2021 jwa Sublease Income Net Of Reclassification
SubleaseIncomeNetOfReclassification
722000
CY2020 jwa Sublease Income Net Of Reclassification
SubleaseIncomeNetOfReclassification
691000
CY2021 us-gaap Lease Cost
LeaseCost
26523000
CY2021 jwa Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
5700000
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
18300000
CY2020Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1462734000
CY2020Q2 jwa Intangible Assets Impaired Accumulated Impairment Loss
IntangibleAssetsImpairedAccumulatedImpairmentLoss
95948000
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
807405000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
82401000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
76125000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
71367000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
65764000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
63410000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
526194000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
885261000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
121430000
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
142716000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22440000
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
21810000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
145832000
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
159782000
CY2021 jwa Operating Lease Increase Decrease In Right Of Use Asset
OperatingLeaseIncreaseDecreaseInRightOfUseAsset
6100000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
24862000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
26027000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
2135000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
3856000
CY2020 us-gaap Lease Cost
LeaseCost
29278000
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0589
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0589
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
32344000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
28243000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
30674000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
26905000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
24799000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
23235000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
20584000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
95000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
221197000
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
52925000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
168272000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22440000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
145832000
CY2019 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
29066000
CY2019 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
719000
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
28347000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-6631000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1145000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2384000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
43269000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
37494000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
52518000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1359000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
172000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2536000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
37997000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
38811000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
57438000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-11996000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-8476000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
335000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1175000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-15022000
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-7630000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
480000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4118000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-5454000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10341000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-27616000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-12749000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27656000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11195000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44689000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
202490000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
104185000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
204326000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-26578000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-167277000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
8626000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
175912000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-63092000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
212952000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 jwa Effective Income Tax Rate Reconciliation Increase Decrease In State Income Tax Expense Due To Change In Deferred Tax Liabilities Amount
EffectiveIncomeTaxRateReconciliationIncreaseDecreaseInStateIncomeTaxExpenseDueToChangeInDeferredTaxLiabilitiesAmount
3200000
CY2021 jwa Effective Income Tax Rate Reconciliation Increase Decrease In State Income Tax Expense Due To Change In Deferred Tax Liabilities Percent
EffectiveIncomeTaxRateReconciliationIncreaseDecreaseInStateIncomeTaxExpenseDueToChangeInDeferredTaxLiabilitiesPercent
0.018
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.011
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.048
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.009
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.033
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.013
CY2021 jwa Effective Income Tax Rate Reconciliation Income Tax Benefit Rate Related To Net Operating Losses Carryback
EffectiveIncomeTaxRateReconciliationIncomeTaxBenefitRateRelatedToNetOperatingLossesCarryback
0.080
CY2020 jwa Effective Income Tax Rate Reconciliation Income Tax Benefit Rate Related To Net Operating Losses Carryback
EffectiveIncomeTaxRateReconciliationIncomeTaxBenefitRateRelatedToNetOperatingLossesCarryback
0
CY2019 jwa Effective Income Tax Rate Reconciliation Income Tax Benefit Rate Related To Net Operating Losses Carryback
EffectiveIncomeTaxRateReconciliationIncomeTaxBenefitRateRelatedToNetOperatingLossesCarryback
0
CY2021 jwa Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Percentage
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActPercentage
0
CY2020 jwa Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Percentage
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActPercentage
0
CY2019 jwa Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Percentage
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActPercentage
0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.005
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.011
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.008
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-0.423
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.013
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.034
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.011
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.157
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.177
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.210
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.157
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.177
CY2021 jwa Income Tax Benefit Related To Net Operating Losses Carryback
IncomeTaxBenefitRelatedToNetOperatingLossesCarryback
14000000.0
CY2021 jwa Effective Income Tax Rate Reconciliation Income Tax Benefit Rate Related To Net Operating Losses Carryback
EffectiveIncomeTaxRateReconciliationIncomeTaxBenefitRateRelatedToNetOperatingLossesCarryback
0.080
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
3500000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.020
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.177
CY2021Q2 jwa Net Operating Losses Carryback Refund
NetOperatingLossesCarrybackRefund
20700000
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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