| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||||||||||||||||||||
Net loss | ||||||||||||||||||||||||||||
-345,973 | -125,118 | 69,260 | -40,613 | -117,362 | -55,921 | 86,349 | -23,272 | -101,311 | -26,168 | 90,506 | -46,867 | -120,658 | -181,041 | 90,022 | -28,391 | -165,148 | -97,267 | 131,081 | -7,743 | -159,940 | -83,734 | 107,030 | 11,548 | -146,335 | -64,651 | 105,112 | -14,266 | -137,381 |
Adjustments to reconcile net loss to net cash used in operating activities | ||||||||||||||||||||||||||||
Income from discontinued operations, net of tax | ||||||||||||||||||||||||||||
- | - | - | - | - | - | 2,441 | 5,817 | 4,575 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gain on sale of assets | ||||||||||||||||||||||||||||
- | - | - | - | - | 585 | 0 | 500 | -884 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Depreciation and amortization expense | ||||||||||||||||||||||||||||
55,225 | 71,099 | 65,944 | 67,247 | 68,402 | 67,248 | 60,730 | 61,466 | 61,022 | 68,587 | 61,668 | 67,867 | 68,321 | 66,698 | 75,681 | 71,086 | 70,594 | 80,067 | 76,215 | 69,093 | 71,234 | 82,836 | 79,104 | 77,928 | 79,909 | 87,015 | 82,066 | 82,198 | 90,700 |
Amortization of operating lease assets | ||||||||||||||||||||||||||||
3,632 | - | - | - | 3,501 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Amortization of debt discount and deferred financing costs | ||||||||||||||||||||||||||||
1,488 | 1,150 | 1,046 | 1,044 | 1,046 | 1,045 | 1,045 | 1,045 | 1,046 | 1,045 | 1,046 | 1,044 | 1,046 | 1,047 | 1,044 | 1,044 | 1,046 | 1,409 | 1,438 | 1,160 | 3,209 | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||||||||||||||||||
-9,128 | 1,955 | -3,161 | -156 | 5,897 | 2,543 | -2,228 | 595 | 4,230 | -58,110 | -10,165 | 5,350 | 13,678 | -66,470 | -15,964 | -4,046 | 33,298 | 6,021 | 35,921 | -8,197 | 14,469 | -2,153 | 1,226 | 879 | 947 | -4,536 | -1,155 | 1,285 | 1,285 |
Amortization of deferred financing costs | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,188 | - | 1,187 | 1,205 | 1,217 |
Stock-based compensation expense | ||||||||||||||||||||||||||||
3,476 | 2,874 | 3,835 | 3,708 | 3,551 | 3,885 | 3,302 | 3,168 | 2,893 | 2,782 | 2,471 | 2,931 | 2,544 | 1,737 | 2,081 | 3,670 | 3,003 | 2,524 | 3,116 | 3,717 | 3,095 | 2,571 | 2,861 | 3,547 | 2,397 | 2,601 | 3,648 | 1,689 | 1,586 |
Impairment charge for goodwill | ||||||||||||||||||||||||||||
262,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Change in fair value of derivative instruments | ||||||||||||||||||||||||||||
-380 | 272 | -737 | 16 | -450 | -400 | -249 | -1,097 | 372 | 93 | 377 | 851 | 45 | -1,036 | 257 | -619 | 784 | -469 | -42 | 369 | -2,220 | -33 | -1,252 | -205 | -103 | -23 | 250 | 51 | -530 |
Changes in operating assets and liabilities, net of acquisitions | ||||||||||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||||||||||
-44,444 | -250,478 | 2,821 | 248,957 | -20,482 | -149,501 | 65,429 | 129,756 | -34,679 | -181,991 | 81,132 | 137,107 | -48,812 | -220,393 | 91,423 | 163,782 | -72,709 | -222,634 | 54,056 | 196,636 | -58,866 | -272,731 | -39,971 | 305,037 | -57,854 | -158,127 | 121,910 | 173,371 | -49,125 |
Inventories | ||||||||||||||||||||||||||||
52,305 | 1,315 | -56,026 | 5,846 | 77,715 | 14,198 | -38,350 | 5,689 | 51,978 | -1,334 | -42,276 | -11,202 | 46,690 | -6,681 | -49,262 | -3,142 | 50,620 | -14,154 | -44,124 | 2,566 | 29,484 | -6,465 | -31,647 | 13,238 | 26,637 | -16,262 | -47,411 | 9,665 | 38,589 |
Other assets | ||||||||||||||||||||||||||||
1,680 | -3,494 | 8,081 | 9,296 | 6,272 | -4,624 | -4,184 | 6,891 | -1,991 | 10,945 | -8,394 | 4,631 | 3,366 | -5,183 | -11,290 | 6,710 | 3,090 | -6,210 | 4,423 | 4,000 | 349 | - | - | - | - | - | - | - | - |
Accounts payable and accrued expenses | ||||||||||||||||||||||||||||
-20,732 | -49,624 | 14,993 | 21,708 | 787 | 673 | 16,492 | -4,454 | 3,433 | -35,736 | 18,294 | 9,448 | 2,057 | -14,381 | -21,911 | 24,881 | -12,744 | -12,548 | 32,299 | 15,064 | -21,670 | -50,841 | 31,644 | 50,034 | -34,269 | -91,308 | 90,821 | 18,905 | -17,342 |
Royalties payable and author advances, net | ||||||||||||||||||||||||||||
-29,207 | 8,177 | 10,343 | 15,181 | -24,359 | 3,515 | 3,166 | 9,887 | -18,218 | 7,475 | -1,092 | 13,972 | -21,804 | -8,820 | -496 | 22,094 | -25,516 | -9,480 | 5,744 | 34,849 | -24,875 | -2,817 | 8,253 | 28,962 | -21,112 | 3,771 | 9,035 | 10,840 | -17,795 |
Deferred revenue | ||||||||||||||||||||||||||||
-59,529 | -40,618 | 180,993 | 99,968 | -39,870 | -42,054 | 55,087 | 13,990 | -34,715 | -28,859 | 50,870 | 2,393 | -37,904 | -30,504 | 87,118 | 20,616 | -37,981 | -23,094 | 106,186 | 56,140 | -14,743 | -14,938 | 140,568 | 112,918 | -9,443 | -3,097 | -690 | 29,459 | -24,970 |
Interest payable | ||||||||||||||||||||||||||||
-12 | 3,679 | -337 | 107 | 241 | -227 | 70 | -48 | 19 | 117 | 95 | 5 | -88 | - | - | - | - | 0 | -95 | 161 | -7 | -1 | 0 | 0 | -7 | -14 | -128 | 53 | 57 |
Severance and other charges | ||||||||||||||||||||||||||||
-5,320 | 11,095 | -716 | 311 | -59 | -2,342 | 793 | -1,277 | 3 | -3,259 | -6,379 | 13,405 | -3,546 | 2,835 | 1,152 | 797 | -469 | -945 | -462 | -1,092 | -1,116 | -222 | -2,591 | -628 | -1,769 | -843 | 937 | -1,446 | -1,407 |
Accrued pension and postretirement benefits | ||||||||||||||||||||||||||||
-1,108 | -2,039 | -1,436 | -113 | -1,212 | 1,558 | -561 | -590 | -1,311 | -2,841 | -1,118 | -1,188 | -1,785 | 8,026 | -1,337 | -1,440 | -1,574 | -816 | -1,354 | -1,344 | -1,355 | -6,488 | -3,615 | -3,680 | -2,941 | -3,362 | -4,578 | -3,775 | -3,342 |
Operating lease liabilities | ||||||||||||||||||||||||||||
-3,304 | -4,831 | -4,031 | -4,225 | -4,194 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other liabilities | ||||||||||||||||||||||||||||
886 | -9,995 | 7,246 | 4,146 | -9,377 | -11,218 | 2,195 | 11,288 | 2,791 | -6,724 | -7,639 | 8,668 | 3,550 | -18,795 | -8,030 | 393 | 4,526 | -4,357 | -78,499 | -2,256 | 7,515 | -10,449 | -5,705 | 4,533 | -2,429 | 13,714 | -12,445 | -3,844 | -2,036 |
Net cash provided by operating activities—discontinued operations | ||||||||||||||||||||||||||||
- | - | - | - | - | -6,530 | 5,928 | 8,630 | 2,803 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash used in operating activities | ||||||||||||||||||||||||||||
-156,767 | 127,603 | 393,297 | -89,862 | -176,063 | 71,448 | 207,281 | -67,128 | -96,686 | 96,879 | 178,453 | -44,324 | -95,878 | 134,296 | 178,232 | -56,027 | -112,750 | 184,981 | 298,155 | -41,846 | -92,931 | 190,317 | 432,833 | -29,563 | -102,544 | 110,910 | 199,061 | -54,406 | -98,362 |
Cash flows from investing activities | ||||||||||||||||||||||||||||
Proceeds from sales and maturities of short-term investments | ||||||||||||||||||||||||||||
- | 0 | 0 | 10,000 | 40,000 | 0 | 0 | 0 | 86,539 | 0 | 0 | 14,450 | 66,240 | 0 | 0 | 67,385 | 130,339 | 0 | 0 | 0 | 286,732 | 40,085 | 28,371 | 46,819 | 19,000 | 57,536 | 60,667 | 90,715 | 42,250 |
Purchases of short-term investments | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35,550 | 266,546 | 0 | 8,053 | 43,183 | 79,821 | 58,798 | 36,053 |
Additions to pre-publication costs | ||||||||||||||||||||||||||||
18,751 | 21,030 | 25,941 | 29,693 | 25,898 | 31,201 | 32,688 | 35,197 | 24,317 | 48,817 | 25,171 | 29,434 | 27,860 | 23,944 | 29,427 | 32,448 | 32,784 | 24,731 | 33,494 | 27,255 | 18,229 | 25,229 | 28,928 | 23,069 | 38,283 | 14,121 | 37,789 | 42,813 | 31,995 |
Additions to property, plant, and equipment | ||||||||||||||||||||||||||||
11,875 | 10,211 | 8,992 | 7,983 | 10,375 | 12,253 | 18,178 | 11,827 | 11,483 | 16,323 | 12,235 | 9,364 | 17,170 | 12,656 | 34,258 | 31,401 | 24,837 | 33,345 | 18,286 | 17,241 | 14,115 | 17,366 | 18,635 | 16,150 | 14,994 | 13,571 | 15,019 | 15,814 | 15,399 |
Acquisition of business, net of cash acquired | ||||||||||||||||||||||||||||
- | 0 | 0 | 0 | 5,447 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash used in investing activities—discontinued operations | ||||||||||||||||||||||||||||
- | - | - | - | - | -899 | -1,674 | -2,283 | -1,976 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||||||||||||||||||||
-30,626 | -31,241 | -35,683 | -27,676 | -1,720 | 75,887 | -82,248 | -48,807 | 50,739 | -79,880 | -121,905 | -24,348 | 21,210 | -59,078 | -131,122 | 3,536 | 72,718 | -110,191 | -198,771 | -622,213 | 254,388 | -38,060 | -285,738 | -1,491 | -42,330 | -26,758 | -71,962 | -28,661 | -41,197 |
Cash flows from financing activities | ||||||||||||||||||||||||||||
Proceeds under revolving credit facility | ||||||||||||||||||||||||||||
150,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Payments of long-term debt | ||||||||||||||||||||||||||||
4,750 | 766,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 178,949 | 64,176 | 625 | 625 | 625 | 625 | 625 | 625 | 625 | 625 |
Repurchases of common stock | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 3,999 | 20,020 | 30,998 | - | - | - | - | - | - | - | - | - | - | - | - |
Tax withholding payments related to net share settlements of restricted stock units | ||||||||||||||||||||||||||||
48 | 55 | 34 | 173 | 1,756 | 77 | 20 | 20 | 1,073 | 0 | 16 | 645 | 789 | 262 | 371 | 0 | 1,039 | 0 | 534 | 0 | 124 | 0 | 357 | 0 | 366 | - | - | - | - |
Proceeds from stock option exercises | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,048 | 10,264 | 3,638 | 7,582 | 8,029 | 10,538 | 9,289 | 8,299 | - | - | - | - | - | - | - | - |
Issuance of common stock under employee stock purchase plan | ||||||||||||||||||||||||||||
503 | 1 | 521 | 1 | 505 | 0 | 582 | 0 | 681 | 0 | 713 | 0 | 895 | 0 | 1,084 | 0 | 1,113 | - | - | - | - | - | - | - | - | - | - | - | - |
Net collections under transition services agreement | ||||||||||||||||||||||||||||
- | 871 | -2,228 | 639 | 1,854 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||||||||||||||||||||
145,705 | -108,685 | -64,052 | 58,467 | -1,397 | 1,726 | -51,438 | 47,980 | -2,392 | -2,000 | -1,303 | -2,133 | -1,894 | 786 | 4,978 | -18,382 | -25,342 | -217,576 | -41,751 | 421,432 | -56,001 | 7,484 | 10,316 | 2,720 | -991 | -2,200 | -625 | -625 | -625 |
Net decrease in cash and cash equivalents | ||||||||||||||||||||||||||||
-41,688 | -12,323 | 293,562 | -59,071 | -179,180 | 149,061 | 73,595 | -67,955 | -50,315 | 14,999 | 55,245 | -70,805 | -76,562 | 76,004 | 52,088 | -70,873 | -65,374 | -142,786 | 57,633 | -242,627 | 105,456 | 159,741 | 157,411 | -28,334 | -145,865 | 81,952 | 126,474 | -83,692 | -140,184 |
Supplemental disclosure of cash flow information | ||||||||||||||||||||||||||||
Interest paid | ||||||||||||||||||||||||||||
15,353 | 8,795 | 10,327 | 11,222 | 10,715 | 10,893 | 10,552 | 10,471 | 9,842 | 9,669 | 9,667 | 9,477 | 9,482 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Income taxes paid | ||||||||||||||||||||||||||||
1 | 202 | 64 | 392 | 13 | -115 | 781 | -8 | -228 | 95 | -6 | 603 | 23 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Non-cash investing activities | ||||||||||||||||||||||||||||
Property, plant, and equipment acquired under finance leases | ||||||||||||||||||||||||||||
288 | -39 | -38 | -38 | 442 | - | - | - | - | - | - | - | - | - | - | -586 | 785 | -556 | -541 | -527 | 2,980 | -149 | -218 | -410 | 4,272 | -302 | 245 | -295 | 4,641 |
Pre-publication Costs [Member] | ||||||||||||||||||||||||||||
Costs included in accounts payable and accruals | ||||||||||||||||||||||||||||
5,978 | -1,819 | -7,989 | -3,700 | 18,988 | -2,759 | -9,323 | -3,364 | 29,420 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Property, Plant, and Equipment [Member] | ||||||||||||||||||||||||||||
Costs included in accounts payable and accruals | ||||||||||||||||||||||||||||
3,787 | 722 | 214 | -345 | 2,448 | -12,035 | -1,380 | 201 | 15,122 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |