Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.1
Segment Information (Tables)
3 Months Ended
Apr. 30, 2022
Segment Information  
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):

Successor

Predecessor (SLH)

Three Months

Three Months

Ended

Ended

    

April 30, 2022

April 30, 2021

Skillsoft Content

 

  

  

Revenues

 

$

87,276

$

67,057

Operating expenses

 

126,090

93,127

Operating income (loss)

 

(38,814)

(26,070)

SumTotal

 

  

  

Revenues

 

31,585

24,644

Operating expenses

 

28,548

26,277

Operating income (loss)

 

3,037

(1,633)

Global Knowledge

 

  

  

Revenues

 

45,053

Operating expenses

 

51,653

Operating income (loss)

 

(6,600)

Consolidated

 

  

  

Revenues

 

163,914

91,701

Operating expenses

 

206,291

119,404

Operating income (loss)

 

(42,377)

(27,703)

Non-operating (expense) income

 

1,003

(352)

Fair value adjustment of warrants

10,106

Interest expense, net

 

(12,115)

(11,439)

Reorganization items, net

 

Benefits from (provision for) income taxes

 

21,740

2,089

Net (loss) income

 

$

(21,643)

$

(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):

    

April 30, 2022

  

  

January 31, 2022

Skillsoft

$

1,895,258

$

1,650,190

SumTotal

201,046

 

226,856

Global Knowledge

331,753

344,902

Corporate

Consolidated

$

2,428,057

$

2,221,948

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):

    

April 30, 2022

  

  

January 31, 2022

United States

$

14,560

$

14,735

Ireland

279

 

313

Rest of world

2,794

3,036

Total

$

17,633

$

18,084