Segment Information (Tables)

3 Months Ended

Apr. 30, 2022

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	$	89,785	$	67,680
Operating expenses		128,420		94,874
Operating income (loss)		(38,635)		(27,194)
Global Knowledge
Revenues		45,053		—
Operating expenses		51,653		—
Operating income (loss)		(6,600)		—
Consolidated
Revenues		134,838		67,680
Operating expenses		180,073		94,874
Operating income (loss)		(45,235)		(27,194)
Non-operating (expense) income		1,052		(371)
Fair value adjustment of warrants		10,106		—
Interest expense, net		(11,354)		(11,401)
Reorganization items, net		—		—
Benefits from (provision for) income taxes		22,337		3,057
Net loss from continuing operations		(23,094)		(35,909)
Income (loss) from discontinued operations, net of tax		1,451		(1,496)
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	$	1,896,621	$	1,648,160
Global Knowledge		328,510		344,902
Total assets classified as discontinued operations		202,926		228,886
Consolidated	$	2,428,057	$	2,221,948

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

	April 30, 2022		January 31, 2022
United States	$	10,024	$	9,482
Ireland		279		313
Rest of world		1,699		1,680
Total	$	12,002	$	11,475