Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.22.1
Segment Information (Tables)
12 Months Ended
Jan. 31, 2022
Segment Information  
Summary of the company's segment results and segment assets

Fiscal 2022

Fiscal 2021

Successor

Predecessor (SLH)

Predecessor (SLH)

Predecessor (PL)

Predecessor (PL)

From

From

From

From

June 12, 2021 to

February 1, 2021

August 28, 2020

February 1, 2020

Fiscal year ended

    

January 31, 2022

to June 11, 2021

  

January 31, 2021

  

to August 27, 2020

January 31, 2020

Skillsoft

 

  

  

  

  

  

Revenues

 

$

215,473

$

101,434

$

72,425

$

196,238

$

362,503

Operating expenses

 

253,286

137,882

158,671

398,178

637,658

Operating loss

 

(37,813)

(36,448)

(86,246)

(201,940)

(275,155)

SumTotal

 

  

  

  

  

  

Revenues

 

79,695

38,202

36,343

77,613

151,518

Operating expenses

 

68,364

38,377

49,269

205,483

279,579

Operating income (loss)

 

11,331

(175)

(12,926)

(127,870)

(128,061)

Global Knowledge

 

  

  

  

  

  

Revenues

 

132,586

Operating expenses

 

149,372

Operating loss

 

(16,786)

Consolidated

 

  

  

  

  

  

Revenues

 

427,754

139,636

108,768

273,851

514,021

Operating expenses

 

471,022

176,259

207,940

603,661

917,237

Operating loss

 

(43,268)

(36,623)

(99,172)

(329,810)

(403,216)

Total non-operating (expense) income

 

15,591

471

3,476

1,373

(5,120)

Interest expense, net

 

(24,272)

(16,820)

(19,960)

(168,341)

(429,657)

Reorganization items, net

 

3,329,245

Benefits from (provision for) income taxes

 

5,143

3,708

21,934

(68,455)

(11,212)

Net (loss) income

 

$

(46,806)

$

(49,264)

$

(93,722)

$

2,764,012

$

(849,205)

Schedule of the company's long-lived tangible assets by geographic region

The Company’s segment assets primarily consist of cash and cash equivalents, accounts receivable, prepaid expenses, deferred taxes, property and equipment, goodwill and intangible assets. The following table sets forth the Company’s segment assets as of January 31, 2022 and January 31, 2021 (in thousands):

Successor

Predecessor (SLH)

    

January 31, 2022

  

  

January 31, 2021

Skillsoft

$

1,651,166

$

1,398,379

SumTotal

226,856

 

147,358

Global Knowledge

344,902

Corporate

Consolidated

$

2,222,924

$

1,545,737

The following table sets forth the Company’s long-lived tangible assets by geographic region as of Jnauary 31, 2022 and January 31, 2021 (in thousands):

Successor

Predecessor (SLH)

    

January 31, 2022

  

  

January 31, 2021

United States

$

14,735

$

10,613

Ireland

313

 

609

Rest of world

3,036

2,558

Total

$

18,084

$

13,780