| Summary of the company's segment results and segment assets |
The following table presents summary results for each of the businesses for the three months ended April 30, 2022 (Successor) and April 30, 2021 (Predecessor (SLH)), (in thousands):
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Successor |
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Predecessor (SLH) |
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Three Months |
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Three Months |
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Ended |
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Ended |
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April 30, 2022 |
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|
April 30, 2021 |
Skillsoft Content |
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|
|
|
|
Revenues |
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$ |
87,276 |
|
|
$ |
67,057 |
Operating expenses |
|
|
126,090 |
|
|
|
93,127 |
Operating income (loss) |
|
|
(38,814) |
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|
|
(26,070) |
SumTotal |
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Revenues |
|
|
31,585 |
|
|
|
24,644 |
Operating expenses |
|
|
28,548 |
|
|
|
26,277 |
Operating income (loss) |
|
|
3,037 |
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|
|
(1,633) |
Global Knowledge |
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|
|
|
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|
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Revenues |
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45,053 |
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|
|
— |
Operating expenses |
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|
51,653 |
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|
|
— |
Operating income (loss) |
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(6,600) |
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|
|
— |
Consolidated |
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Revenues |
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|
163,914 |
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|
|
91,701 |
Operating expenses |
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|
206,291 |
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|
|
119,404 |
Operating income (loss) |
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|
(42,377) |
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|
|
(27,703) |
Non-operating (expense) income |
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|
1,003 |
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(352) |
Fair value adjustment of warrants |
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|
10,106 |
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|
|
— |
Interest expense, net |
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|
(12,115) |
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|
(11,439) |
Reorganization items, net |
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— |
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|
|
— |
Benefits from (provision for) income taxes |
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|
21,740 |
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|
|
2,089 |
Net (loss) income |
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$ |
(21,643) |
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$ |
(37,405) |
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 April 30, 2022 and January 31, 2022 (in thousands):
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April 30, 2022 |
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January 31, 2022 |
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Skillsoft |
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$ |
1,895,258 |
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$ |
1,650,190 |
SumTotal |
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|
201,046 |
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|
|
226,856 |
Global Knowledge |
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|
331,753 |
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|
|
344,902 |
Corporate |
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— |
|
|
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— |
Consolidated |
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$ |
2,428,057 |
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$ |
2,221,948 |
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| Schedule of the company's long-lived tangible assets by geographic region |
The following table sets forth the Company’s long-lived tangible assets by geographic region as of April 30, 2022 and January 31, 2022 (in thousands):
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April 30, 2022 |
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January 31, 2022 |
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United States |
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$ |
14,560 |
|
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$ |
14,735 |
Ireland |
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|
279 |
|
|
|
313 |
Rest of world |
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|
2,794 |
|
|
|
3,036 |
Total |
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$ |
17,633 |
|
|
$ |
18,084 |
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