Price Graph
Price
Yield
These terms and conditions govern your use of the website alphaminr.com and its related services.
These Terms and Conditions (“Terms”) are a binding contract between you and Alphaminr, (“Alphaminr”, “we”, “us” and “service”). You must agree to and accept the Terms. These Terms include the provisions in this document as well as those in the Privacy Policy. These terms may be modified at any time.
Your subscription will be on a month to month basis and automatically renew every month. You may terminate your subscription at any time through your account.
We will provide you with advance notice of any change in fees.
You represent that you are of legal age to form a binding contract. You are responsible for any
activity associated with your account. The account can be logged in at only one computer at a
time.
The Services are intended for your own individual use. You shall only use the Services in a
manner that complies with all laws. You may not use any automated software, spider or system to
scrape data from Alphaminr.
Alphaminr is not a financial advisor and does not provide financial advice of any kind. The service is provided “As is”. The materials and information accessible through the Service are solely for informational purposes. While we strive to provide good information and data, we make no guarantee or warranty as to its accuracy.
TO THE EXTENT PERMITTED BY APPLICABLE LAW, UNDER NO CIRCUMSTANCES SHALL ALPHAMINR BE LIABLE TO YOU FOR DAMAGES OF ANY KIND, INCLUDING DAMAGES FOR INVESTMENT LOSSES, LOSS OF DATA, OR ACCURACY OF DATA, OR FOR ANY AMOUNT, IN THE AGGREGATE, IN EXCESS OF THE GREATER OF (1) FIFTY DOLLARS OR (2) THE AMOUNTS PAID BY YOU TO ALPHAMINR IN THE SIX MONTH PERIOD PRECEDING THIS APPLICABLE CLAIM. SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL OR CERTAIN OTHER DAMAGES, SO THE ABOVE LIMITATION AND EXCLUSIONS MAY NOT APPLY TO YOU.
If any provision of these Terms is found to be invalid under any applicable law, such provision shall not affect the validity or enforceability of the remaining provisions herein.
This privacy policy describes how we (“Alphaminr”) collect, use, share and protect your personal information when we provide our service (“Service”). This Privacy Policy explains how information is collected about you either directly or indirectly. By using our service, you acknowledge the terms of this Privacy Notice. If you do not agree to the terms of this Privacy Policy, please do not use our Service. You should contact us if you have questions about it. We may modify this Privacy Policy periodically.
When you register for our Service, we collect information from you such as your name, email address and credit card information.
Like many other websites we use “cookies”, which are small text files that are stored on your computer or other device that record your preferences and actions, including how you use the website. You can set your browser or device to refuse all cookies or to alert you when a cookie is being sent. If you delete your cookies, if you opt-out from cookies, some Services may not function properly. We collect information when you use our Service. This includes which pages you visit.
We use Google Analytics and we use Stripe for payment processing. We will not share the information we collect with third parties for promotional purposes. We may share personal information with law enforcement as required or permitted by law.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OF THE SECURITIES EXCHANGE ACT 1934
|
|
|
OR
|
|
|
OF THE SECURITIES ACT OF 1934
|
|
NEW YORK
|
13-5593032
|
|
|
(State of other jurisdiction of incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
|
|
111 RIVER STREET, HOBOKEN NJ
|
07030
|
|
|
(Address of principal executive offices)
|
Zip Code
|
|
|
Registrant’s telephone number, including area code
|
(201) 748-6000
|
|
NOT APPLICABLE
|
|
Indicate by check mark, whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the securities exchange act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [x] No [ ]
|
|
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act.
|
|
Large accelerated filer [X] Accelerated filer [ ] Non-accelerated filer [ ]
|
|
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
|
|
YES [ ] NO [X]
|
|
PART I
|
-
|
FINANCIAL INFORMATION
|
PAGE NO.
|
|
|
Item 1.
|
Financial Statements.
|
|||
|
Item 2.
|
||||
|
Item 3.
|
||||
|
Item 4.
|
||||
|
PART II
|
-
|
OTHER INFORMATION
|
||
|
Item 2.
|
||||
|
Item 5.
|
||||
|
Item 6.
|
||||
|
EXHIBITS
|
28-31
|
|||
|
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - UNAUDITED
|
||||||||||||
|
(In thousands)
|
||||||||||||
|
October 31,
|
April 30,
|
|||||||||||
|
2010
|
2009
|
2010
|
||||||||||
|
Assets:
|
||||||||||||
|
Current Assets
|
||||||||||||
|
Cash and cash equivalents
|
$ | 112,311 | $ | 61,127 | $ | 153,513 | ||||||
|
Accounts receivable
|
222,085 | 229,302 | 186,535 | |||||||||
|
Inventories
|
99,462 | 105,741 | 97,857 | |||||||||
|
Prepaid and other
|
28,858 | 19,716 | 47,809 | |||||||||
|
Total Current Assets
|
462,716 | 415,886 | 485,714 | |||||||||
|
Product Development Assets
|
102,734 | 95,279 | 107,755 | |||||||||
|
Property, Equipment and Technology
|
153,060 | 149,310 | 152,684 | |||||||||
|
Intangible Assets
|
919,904 | 974,349 | 911,550 | |||||||||
|
Goodwill
|
628,251 | 636,874 | 615,479 | |||||||||
|
Deferred Income Tax Benefits
|
7,647 | 11,841 | 6,736 | |||||||||
|
Other Assets
|
39,312 | 35,259 | 36,284 | |||||||||
|
Total Assets
|
$ | 2,313,624 | $ | 2,318,798 | $ | 2,316,202 | ||||||
|
Liabilities & Shareholders' Equity:
|
||||||||||||
|
Current Liabilities
|
||||||||||||
|
Accounts and royalties payable
|
$ | 192,836 | $ | 187,081 | $ | 158,870 | ||||||
|
Deferred revenue
|
111,847 | 107,873 | 275,653 | |||||||||
|
Accrued employment costs
|
46,935 | 42,183 | 81,507 | |||||||||
|
Accrued income taxes
|
18,328 | 5,771 | 2,516 | |||||||||
|
Accrued pension liability
|
2,291 | 2,614 | 2,245 | |||||||||
|
Other accrued liabilities
|
50,301 | 57,325 | 63,581 | |||||||||
|
Current portion of long-term debt
|
101,250 | 78,750 | 90,000 | |||||||||
|
Total Current Liabilities
|
523,788 | 481,597 | 674,372 | |||||||||
|
Long-Term Debt
|
555,750 | 774,426 | 559,000 | |||||||||
|
Accrued Pension Liability
|
123,747 | 80,231 | 119,280 | |||||||||
|
Deferred Income Tax Liabilities
|
172,467 | 190,364 | 167,669 | |||||||||
|
Other Long-Term Liabilities
|
75,515 | 89,218 | 73,445 | |||||||||
|
Shareholders’ Equity
|
||||||||||||
|
Class A & Class B common stock
|
83,191 | 83,191 | 83,191 | |||||||||
|
Additional paid-in-capital
|
226,834 | 170,022 | 210,848 | |||||||||
|
Retained earnings
|
1,081,545 | 949,287 | 1,003,099 | |||||||||
|
Accumulated other comprehensive loss
|
(191,135 | ) | (135,019 | ) | (227,646 | ) | ||||||
|
Treasury stock
|
(338,078 | ) | (364,519 | ) | (347,056 | ) | ||||||
|
Total Shareholders’ Equity
|
862,357 | 702,962 | 722,436 | |||||||||
|
Total Liabilities & Shareholders' Equity
|
$ | 2,313,624 | $ | 2,318,798 | $ | 2,316,202 | ||||||
|
The accompanying notes are an integral part of the condensed consolidated financial statements.
|
||||||||||||
|
CONDENSED CONSOLIDATED STATEMENTS OF INCOME – UNAUDITED
|
||||||||||||||||
|
(In thousands except per share information)
|
||||||||||||||||
|
For The Three Months
|
For The Six Months
|
|||||||||||||||
|
Ended October 31,
|
Ended October 31,
|
|||||||||||||||
|
2010
|
2009
|
2010
|
2009
|
|||||||||||||
|
Revenue
|
$ | 441,844 | $ | 447,958 | $ | 849,782 | $ | 836,333 | ||||||||
|
Costs and Expenses
|
||||||||||||||||
|
Cost of sales
|
139,539 | 138,770 | 264,808 | 260,306 | ||||||||||||
|
Operating and administrative expenses
|
215,863 | 213,383 | 426,891 | 415,496 | ||||||||||||
|
Intangible asset impairment
|
- | 11,498 | - | 11,498 | ||||||||||||
|
Amortization of intangibles
|
8,712 | 8,993 | 17,294 | 18,069 | ||||||||||||
|
Total Costs and Expenses
|
364,114 | 372,644 | 708,993 | 705,369 | ||||||||||||
|
Operating Income
|
77,730 | 75,314 | 140,789 | 130,964 | ||||||||||||
|
Interest Expense
|
(4,823 | ) | (8,903 | ) | (10,531 | ) | (17,826 | ) | ||||||||
|
Foreign Exchange Losses
|
(76 | ) | (938 | ) | (759 | ) | (10,693 | ) | ||||||||
|
Interest Income and Other, net
|
463 | 111 | 883 | 256 | ||||||||||||
|
|
||||||||||||||||
|
Income Before Taxes
|
73,294 | 65,584 | 130,382 | 102,701 | ||||||||||||
|
Provision For Income Taxes
|
19,636 | 19,327 | 32,679 | 29,567 | ||||||||||||
|
Net Income
|
$ | 53,658 | $ | 46,257 | $ | 97,703 | $ | 73,134 | ||||||||
|
Earnings Per Share
|
||||||||||||||||
|
Diluted
|
$ | 0.88 | $ | 0.78 | $ | 1.60 | $ | 1.24 | ||||||||
|
Basic
|
$ | 0.89 | $ | 0.79 | $ | 1.63 | $ | 1.26 | ||||||||
|
Cash Dividends Per Share
|
||||||||||||||||
|
Class A Common
|
$ | 0.16 | $ | 0.14 | $ | 0.32 | $ | 0.28 | ||||||||
|
Class B Common
|
$ | 0.16 | $ | 0.14 | $ | 0.32 | $ | 0.28 | ||||||||
|
Average Shares
|
||||||||||||||||
|
Diluted
|
61,005 | 59,235 | 60,934 | 59,166 | ||||||||||||
|
Basic
|
59,995 | 58,238 | 59,934 | 58,202 | ||||||||||||
|
The accompanying notes are an integral part of the condensed consolidated financial statements.
|
||||||||||||||||
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW – UNAUDITED
|
||||||||
|
(In thousands)
|
||||||||
|
For The Six Months
|
||||||||
|
Ended October 31,
|
||||||||
|
2010
|
2009
|
|||||||
|
Operating Activities
|
||||||||
|
Net income
|
$ | 97,703 | $ | 73,134 | ||||
|
Adjustments to reconcile net income to cash provided by operating activities:
|
||||||||
|
Amortization of intangibles
|
17,294 | 18,069 | ||||||
|
Amortization of composition costs
|
24,284 | 22,689 | ||||||
|
Depreciation of property, equipment and technology
|
22,356 | 19,383 | ||||||
|
Impairment of intangible asset (net of tax)
|
- | 8,164 | ||||||
|
Stock-based compensation
|
8,314 | 7,578 | ||||||
|
Excess tax benefits from stock-based compensation
|
(1,827 | ) | (319 | ) | ||||
|
Foreign exchange transaction losses
|
759 | 10,693 | ||||||
|
Pension expense, net of contributions
|
6,365 | (12,103 | ) | |||||
|
Non-cash charges & other
|
55,863 | 56,003 | ||||||
|
Change in deferred revenue
|
(167,102 | ) | (161,935 | ) | ||||
|
Net change in operating assets and liabilities, excluding acquisitions
|
316 | (1,290 | ) | |||||
|
Cash Provided by Operating Activities
|
64,325 | 40,066 | ||||||
|
Investing Activities
|
||||||||
|
Additions to product development assets
|
(68,649 | ) | (67,791 | ) | ||||
|
Additions to property, equipment and technology
|
(20,805 | ) | (20,408 | ) | ||||
|
Acquisitions, net of cash acquired
|
(4,322 | ) | (4,271 | ) | ||||
|
Cash Used for Investing Activities
|
(93,776 | ) | (92,470 | ) | ||||
|
Financing Activities
|
||||||||
|
Repayment of long-term debt
|
(174,700 | ) | (382,500 | ) | ||||
|
Borrowings of long-term debt
|
182,700 | 413,276 | ||||||
|
Change in book overdrafts
|
(19,595 | ) | (9,753 | ) | ||||
|
Cash dividends
|
(19,257 | ) | (16,389 | ) | ||||
|
Purchase of treasury stock
|
(313 | ) | - | |||||
|
Proceeds from exercise of stock options and other
|
15,137 | 1,922 | ||||||
|
Excess tax benefits from stock-based compensation
|
1,827 | 319 | ||||||
|
Cash (Used for) Provided by Financing Activities
|
(14,201 | ) | 6,875 | |||||
|
Effects of Exchange Rate Changes on Cash
|
2,450 | 3,828 | ||||||
|
Cash and Cash Equivalents
|
||||||||
|
Decrease for the Period
|
(41,202 | ) | (41,701 | ) | ||||
|
Balance at Beginning of Period
|
153,513 | 102,828 | ||||||
|
Balance at End of Period
|
$ | 112,311 | $ | 61,127 | ||||
|
Cash Paid During the Period for:
|
||||||||
|
Interest
|
$ | 10,783 | $ | 16,608 | ||||
|
Income taxes, net
|
$ | 5,088 | $ | 2,648 | ||||
|
The accompanying notes are an integral part of the condensed consolidated financial statements.
|
||||||||
|
|
1.
|
Basis of Presentation
|
|
|
2.
|
Recent Accounting Standards
|
|
|
3.
|
Share-Based Compensation
|
|
For the Six Months
Ended October 31,
|
||||||||
|
2010
|
2009
|
|||||||
|
Restricted Stock:
|
||||||||
|
Awards granted (in thousands)
|
256 | 319 | ||||||
|
Weighted average fair market value of grant
|
$ | 39.94 | $ | 35.04 | ||||
|
Stock Options:
|
||||||||
|
Awards granted (in thousands)
|
413 | 695 | ||||||
|
Weighted average fair market value of grant
|
$ | 11.97 | $ | 11.32 | ||||
|
For the Six Months
Ended October 31,
|
||||||||
|
2010
|
2009
|
|||||||
|
Expected life of options (years)
|
7.8 | 7.8 | ||||||
|
Risk-free interest rate
|
2.7 | % | 3.3 | % | ||||
|
Expected volatility
|
28.8 | % | 29.9 | % | ||||
|
Expected dividend yield
|
1.6 | % | 1.6 | % | ||||
|
Fair value of common stock on grant date
|
$ | 40.02 | $ | 35.04 | ||||
|
|
4.
|
Comprehensive Income (Loss)
|
|
For the Three Months
Ended October 31,
|
For the Six Months
Ended October 31,
|
|||||||||||||||
|
2010
|
2009
|
2010
|
2009
|
|||||||||||||
|
Net income
|
$ | 53,658 | $ | 46,257 | $ | 97,703 | $ | 73,134 | ||||||||
|
Changes in other comprehensive income (loss):
|
||||||||||||||||
|
Foreign currency translation adjustment
|
31,388 | 8,311 | 32,585 | 119,408 | ||||||||||||
|
Change in unrecognized retirement costs, net of tax
|
437 | 868 | 1,367 | (791 | ) | |||||||||||
|
Change in unrecognized loss on interest rate swaps, net of tax
|
454 | 2,585 | 2,559 | 4,762 | ||||||||||||
|
Comprehensive income
|
$ | 85,937 | $ | 58,021 | $ | 134,214 | $ | 196,513 | ||||||||
|
For the Three Months
|
||||||||||||
|
July 31, 2010
|
Change
for Period
|
October 31, 2010
|
||||||||||
|
Foreign currency translation adjustment
|
$ | (141,534 | ) | $ | 31,388 | $ | (110,146 | ) | ||||
|
Unrecognized retirement costs, net of tax
|
(80,023 | ) | 437 | (79,586 | ) | |||||||
|
Unrecognized loss on interest rate swaps, net of tax
|
(1,857 | ) | 454 | (1,403 | ) | |||||||
|
Total
|
$ | (223,414 | ) | $ | 32,279 | $ | (191,135 | ) | ||||
|
For the Six Months
|
||||||||||||
|
April 30, 2010
|
Change
for Period
|
October 31, 2010
|
||||||||||
|
Foreign currency translation adjustment
|
$ | (142,731 | ) | $ | 32,585 | $ | (110,146 | ) | ||||
|
Unrecognized retirement costs, net of tax
|
(80,953 | ) | 1,367 | (79,586 | ) | |||||||
|
Unrecognized loss on interest rate swaps, net of tax
|
(3,962 | ) | 2,559 | (1,403 | ) | |||||||
|
Total
|
$ | (227,646 | ) | $ | 36,511 | $ | (191,135 | ) | ||||
|
|
5.
|
Reconciliation of Weighted Average Shares Outstanding
|
|
For the Three Months
Ended October 31,
|
For the Six Months
Ended October 31,
|
|||||||||||||||
|
2010
|
2009
|
2010
|
2009
|
|||||||||||||
|
Weighted average shares outstanding
|
60,357 | 58,633 | 60,266 | 58,551 | ||||||||||||
|
Less: Unearned restricted shares
|
(362 | ) | (395 | ) | (332 | ) | (349 | ) | ||||||||
|
Shares used for basic earnings per share
|
59,995 | 58,238 | 59,934 | 58,202 | ||||||||||||
|
Dilutive effect of stock options and other stock awards
|
1,010 | 997 | 1,000 | 964 | ||||||||||||
|
Shares used for diluted earnings per share
|
61,005 | 59,235 | 60,934 | 59,166 | ||||||||||||
|
|
|
|
6.
|
Inventories
|
|
As of October 31,
|
As of April 30,
|
|||||||||||
|
2010
|
2009
|
2010
|
||||||||||
|
Finished goods
|
$ | 82,403 | $ | 89,785 | $ | 86,355 | ||||||
|
Work-in-process
|
8,258 | 8,003 | 7,566 | |||||||||
|
Paper, cloth and other
|
12,498 | 12,179 | 7,434 | |||||||||
| 103,159 | 109,967 | 101,355 | ||||||||||
|
LIFO reserve
|
(3,697 | ) | (4,226 | ) | (3,498 | ) | ||||||
|
Total inventories
|
$ | 99,462 | $ | 105,741 | $ | 97,857 | ||||||
|
For The Three Months
|
For The Six Months
|
|||||||||||||||
|
Ended October 31,
|
Ended October 31,
|
|||||||||||||||
|
2010
|
2009
|
2010
|
2009
|
|||||||||||||
|
Revenue
|
||||||||||||||||
|
Scientific, Technical, Medical and Scholarly
|
$ | 244,882 | $ | 250,772 | $ | 474,281 | $ | 480,225 | ||||||||
|
Professional/Trade
|
112,825 | 120,247 | 212,723 | 209,926 | ||||||||||||
|
Higher Education
|
84,137 | 76,939 | 162,778 | 146,182 | ||||||||||||
|
Total
|
$ | 441,844 | $ | 447,958 | $ | 849,782 | $ | 836,333 | ||||||||
|
Direct Contribution to Profit
|
||||||||||||||||
|
Scientific, Technical, Medical and Scholarly
|
$ | 103,151 | $ | 95,498 | $ | 196,894 | $ | 189,403 | ||||||||
|
Professional/Trade
|
29,152 | 34,864 | 50,837 | 51,298 | ||||||||||||
|
Higher Education
|
31,714 | 27,784 | 64,015 | 53,405 | ||||||||||||
|
Total
|
$ | 164,017 | $ | 158,146 | $ | 311,746 | $ | 294,106 | ||||||||
|
Shared Services and Administration Costs
|
||||||||||||||||
|
Distribution
|
$ | (27,201 | ) | $ | (27,419 | ) | $ | (54,221 | ) | $ | (54,445 | ) | ||||
|
Technology Services
|
(28,421 | ) | (24,597 | ) | (55,971 | ) | (47,240 | ) | ||||||||
|
Finance
|
(10,364 | ) | (10,253 | ) | (20,382 | ) | (20,706 | ) | ||||||||
|
Other Administration
|
(20,301 | ) | (20,563 | ) | (40,383 | ) | (40,751 | ) | ||||||||
|
Total
|
$ | (86,287 | ) | $ | (82,832 | ) | $ | (170,957 | ) | $ | (163,142 | ) | ||||
|
Operating Income
|
$ | 77,730 | $ | 75,314 | $ | 140,789 | $ | 130,964 | ||||||||
|
|
8.
|
Intangible Assets
|
|
As of October 31,
|
As of
April 30,
|
|||||||||||
|
2010
|
2009
|
2010
|
||||||||||
|
Intangible assets with indefinite lives:
|
||||||||||||
|
Brands and trademarks
|
$ | 173,145 | $ | 176,953 | $ | 169,621 | ||||||
|
Acquired publishing rights
|
106,631 | 117,864 | 101,891 | |||||||||
|
|
$ | 279,776 | $ | 294,817 | $ | 271,512 | ||||||
|
Net intangible assets with determinable lives:
|
||||||||||||
|
Acquired publishing rights
|
$ | 579,631 | $ | 613,316 | $ | 578,140 | ||||||
|
Customer relationships
|
50,624 | 54,778 | 51,326 | |||||||||
|
Brands and trademarks
|
9,768 | 10,971 | 10,318 | |||||||||
|
Covenants not to compete
|
105 | 467 | 254 | |||||||||
|
|
$ | 640,128 | $ | 679,532 | $ | 640,038 | ||||||
|
Total
|
$ | 919,904 | $ | 974,349 | $ | 911,550 | ||||||
|
|
9.
|
Intangible Asset Impairment (Fiscal Year 2010)
|
|
|
10.
|
Restructuring Reserves
|
|
|
11.
|
Income Taxes
|
|
|
12.
|
Defined Benefit Retirement Plans
|
|
For the Three Months
Ended October 31,
|
For the Six Months
Ended October 31,
|
|||||||||||||||
|
2010
|
2009
|
2010
|
2009
|
|||||||||||||
|
Service Cost
|
$ | 4,004 | $ | 2,878 | $ | 7,932 | $ | 5,720 | ||||||||
|
Interest Cost
|
6,768 | 6,172 | 13,335 | 12,246 | ||||||||||||
|
Expected Return of Plan Assets
|
(6,423 | ) | (4,991 | ) | (12,653 | ) | (9,903 | ) | ||||||||
|
Net Amortization of Prior Service Cost
|
222 | 150 | 442 | 297 | ||||||||||||
|
Recognized Net Actuarial Loss
|
1,780 | 931 | 3,524 | 1,852 | ||||||||||||
|
Net Pension Expense
|
$ | 6,351 | $ | 5,140 | $ | 12,580 | $ | 10,212 | ||||||||
|
|
13.
|
Derivative Instruments and Hedging Activities
|
|
|
14.
|
Foreign Exchange Losses
|
|
|
·
|
10 new society journals signed
|
|
|
·
|
10 renewed/extended contracts
|
|
|
·
|
Three journals (
Journal of Wildlife Management, Wildlife Monographs
and the forthcoming re-launch of the
Wildlife Society Bulletin
) on behalf of The Wildlife Society
|
|
|
·
|
Journal of Midwifery and Women's Health
with the American College of Nurse Midwives
|
|
|
·
|
International Journal of Language and Communication Disorders
on behalf of
the Royal College of Speech and Language Therapists, providing Wiley with a strong foundation in the field, opening opportunities to add content and relationships
|
|
|
·
|
International Forum of Allergy &
Rhinology for the American Rhinologic Society and the American Academy of Otolaryngic Allergy
|
|
|
·
|
Biotechnology and Applied Biochemistry
on behalf of the International Union of Biochemistry and Molecular Biology
|
|
|
·
|
European Management Review
with the
European Academy of Management
|
|
|
·
|
Structural Concrete
with the International Federation for Structural Concrete
|
|
|
·
|
Wiley Online Library is among the top 1500 most popular websites around the world
(Alexa Rankings)
|
|
|
·
|
Access to full text HTML in September 2010 increased by 56% over prior year
|
|
|
·
|
Access to full text PDFs in September 2010 increased by 15% over prior year
|
|
|
·
|
The Nobel Prize in Physics was awarded in the area of solid state physics to Wiley authors Andre Geim and Kostya Novoselov for ground breaking experiments on the two-dimensional carbon material graphene
|
|
|
·
|
Nobel Prize winners for Chemistry, Ei-Ichi Negishi and Richard Heck, are respectively Editor of our
Handbook of Organopalladium Chemistry for Organic Synthesis
and Advisory Board member and chapter author for our
Organic Reactions
book series
|
|
|
·
|
Business
advanced 4%, with accounting and Pfeiffer HR/training resources performing well
|
|
|
·
|
Consumer
fell 15% against a strong prior year front list, mostly in cooking and travel
|
|
|
·
|
Education
grew 13%, fueled by the best seller
Teach Like a Champion
by Doug Lemov
|
|
|
·
|
Technology
fell 13% from a strong prior year driven by major software releases
|
|
|
·
|
Architecture,
yet to rebound from the recession
,
was down 8%
|
|
|
·
|
Psychology
was
flat
|
|
|
·
|
eBook sales more than doubled over prior year to approximately $6 million
|
|
|
·
|
Apple iBookstore agreements include the US, Canada, the UK and Australia
|
|
|
·
|
Our first enhanced eBook
-
Lights, Camera, Capture
by Bob Davis - was released on the iTunes Store in October. A cross between a book and an application, the product contains over 150 videos and many interactive features for the photography enthusiast. It became the #1 grossing app in photography and the 29th overall grossing iPad App in the entire iTunes store.
|
|
|
·
|
We successfully launched 220 custom country, city and regional overviews for Small Luxury Hotels, creating original content to inspire the luxury traveller to stay at one of their niche hotels.
|
|
|
·
|
We embedded Frommer’s US points of interest content in Citibank’s iAd Story Sparker campaign, joining forces with one of the first advertisers on this exciting new ad platform from Apple.
|
|
|
·
|
Business and Finance:
The Truth About Leadership
by Jim Kouzes and Barry Posner;
Undercover Boss: Inside the TV Phenomenon that is changing Bosses and Employees
Everywhere
by Mark Lambert and Eli Holtzman;
Real-Time Marketing & PR: How to Engage Your Market, Connect with Customers, and Create Products that Grow Your Business Now
by David Meerman Scott(the follow-up to David’s BusinessWeek best-seller,
New Rules of Marketing and PR)
;
The Social Media Bible: Tactics, Tools, and Strategies for Business Success, 2nd Edition
by Lon Safko;
UnMarketing: Stop Marketing. Start Engaging
by Scott Stratten;
And the Clients Went Wild!: How Savvy Professionals Win All the Business They Want
by Maribeth Kuzmeski;
Facebook For Dummies, 3
rd
Edition
by Carolyn Abram and Leah Pearlman;
Photoshop Elements 9 For Dummies
by Barb Obermeier and Ted Padova.
|
|
|
·
|
Consumer:
Cognitive Behavioural Therapy For Dummies
2
nd
Edition by Rhena Branch and Rob Thomas;
Semi-Homemade: The Complete Cookbook
by Food Network star Sandra Lee;
Better Homes & Gardens New Cook Book 15
th
Edition
;
Avec Eric
by Eric Ripert
;
The Culinary Institute of America’s
Exploring Wine, 3
rd
Edition
by Stephen Kolpan, Brian Smith and Michael Weiss.
|
|
|
·
|
Technology:
Windows Phone 7 Secrets
by Paul Thurrott
|
|
|
·
|
Education:
The Amish Way: Patient Faith in a Perilous World
by Donald Kraybill, Steven Nolt and David L. Weaver-Zercher
|
|
|
·
|
Architecture
:
Building: Project Planning and Cost Estimating, 3
rd
Edition
by RSMeans
|
|
|
·
|
Public Health Management:
Wiley published the three volume
Risk Management Handbook for Health Care Organizations
, edited by Roberta Carroll and the American Society for Healthcare Risk Management. More than forty risk managers, lawyers and insurance professionals present the most authoritative techniques and practices of today's healthcare risk managers.
|
|
|
·
|
Americas
grew 12% to $63.9 million
|
|
|
·
|
EMEA
rose 6% to $8.3 million
|
|
|
·
|
Asia-Pacific
declined 6% to $11.9 million
|
|
|
·
|
Engineering and Computer Science
revenue increased 14%. Growth was driven by Callister:
Materials Science 8e;
Rainer:
Introduction to IS 3e
; Montgomery:
Applied Statistics 5;
and Horstmann:
Big Java 4e
and
Java for Everyone 1e.
|
|
|
·
|
Science
revenue increased 19%. Books driving growth include Halliday:
Physics 9e;
Solomons:
Organic Chemistry 10e;
Grosvenor:
Visualizing Nutrition 1e;
and Karp:
Cell and Molecular Biology 6e
.
|
|
|
·
|
Business and Accounting
revenue increased 5%, with significant revenue coming from Weygandt:
Financial Accounting 7e
and
Managerial Accounting 5e,
as well as Schermerhorn:
Organizational Behavior 11e
and
Boone:
Contemporary Business 13e Update.
|
|
|
·
|
Social Science
revenue fell 3%. Key publications include deBlij: Regions
14e;
Gisslen:
Cooking 7e
; Comer:
Psychology 1e;
and Strahler:
Physical Geography 5e.
|
|
|
·
|
Mathematics
revenue was up 4%, with strong growth coming from Hughes Hallett:
Applied Calculus 4e
and Mann:
Statistics 7e.
|
|
|
·
|
Microsoft Official Academic Course
r
evenue fell 1%.
|
|
|
·
|
Global billings of WileyPLUS grew 7% to approximately $11 million.
|
|
|
·
|
WileyPLUS digital-only billings (not packaged with a print textbook) grew 24% to approximately $5 million.
|
|
|
·
|
WileyPLUS sales to for-profit institutions were up 33% over prior year.
|
|
|
·
|
Deferred and unearned WileyPLUS revenue as of October 31
st
was approximately $12 million compared with approximately $11 million a year ago.
|
|
|
·
|
Validation rate (% of students utilizing the application) increased year-over-year from 65% to 72%.
|
|
|
·
|
eBook revenue was up 77% to approximately $3 million.
|
|
|
·
|
Business
advanced 8%, with accounting and Pfeiffer HR/training resources performing well
|
|
|
·
|
Consumer
fell 10% against a strong prior year front list, mostly in cooking and travel
|
|
|
·
|
Education
grew 25%, fueled by the best seller
Teach Like a Champion
by Doug Lemov
|
|
|
·
|
Technology
increased 6%
|
|
|
·
|
Architecture,
yet to rebound from the recession
,
was down 4%
|
|
|
·
|
Psychology
increased 8%
|
|
|
·
|
Americas
grew 13% to $123.3 million
|
|
|
·
|
EMEA
rose 9% to $13.8 million
|
|
|
·
|
Asia-Pacific
was flat at $25.7 million
|
|
|
·
|
Engineering and Computer Science
revenue increased 23%. Growth was driven by Callister:
Materials Science 8e;
Rainer:
Introduction to IS 3e
; Montgomery:
Applied Statistics 5;
and Horstmann:
Big Java 4e
and
Java for Everyone 1e.
|
|
|
·
|
Science
revenue of increased 20%. Books driving growth include Halliday:
Physics 9e;
Solomons:
Organic Chemistry 10e;
Grosvenor:
Visualizing Nutrition 1e;
and Karp:
Cell and Molecular Biology 6e
.
|
|
|
·
|
Business and Accounting
revenue increased 2%, with significant revenue coming from Weygandt:
Financial Accounting 7e
and
Managerial Accounting 5e,
as well as Schermerhorn:
Organizational Behavior 11e
and
Boone:
Contemporary Business 13e Update.
|
|
|
·
|
Social Science
revenue grew 7%. Key publications include deBlij: Regions
14e;
Gisslen:
Cooking 7e
; Comer:
Psychology 1e;
and Strahler:
Physical Geography 5e.
|
|
|
·
|
Mathematics
revenue was up 2%, with strong growth coming from Hughes Hallett:
Applied Calculus 4e
and Mann:
Statistics 7e.
|
|
|
·
|
Microsoft Official Academic Course
r
evenue advanced 13%. Growth was driven by Windows Server books.
|
|
Total Number of Shares Purchased
|
Average Price Paid Per Share
|
Total Number of Shares Purchased as part of a Publicly Announced Program
|
Additional Shares Authorized Under Share Repurchase Program
(1)
|
Maximum Number of Shares that May be Purchased Under the Program
|
||||||
|
August 2010
|
-
|
-
|
-
|
-
|
798,630
|
|||||
|
September 2010
|
7,805
|
$40.04
|
7,805
|
4,000,000
|
4,790,825
|
|||||
|
October 2010
|
-
|
-
|
-
|
-
|
-
|
|||||
|
Total
|
7,805
|
$40.04
|
7,805
|
4,000,000
|
4,790,825
|
|||||
|
Votes For
|
13,653,421
|
|
|
Votes Against
|
35,236
|
|
|
Abstentions
|
23,202
|
|
|
(a)
|
Exhibits
|
|
|
(b)
|
The following reports on Form 8-K were furnished to the Securities and Exchange Commission since the filing of the Company’s 10-Q on September 9, 2010.
|
|
|
i.
|
Earnings release on the second quarter fiscal 2011 results issued on Form 8-K dated December 9, 2010 which included the condensed financial statements of the Company.
|
|
JOHN WILEY & SONS, INC.
|
||
|
Registrant
|
|
By
|
/s/ William J. Pesce
|
||
|
William J. Pesce
|
|||
|
President and
|
|||
|
Chief Executive Officer
|
|
By
|
/s/ Ellis E. Cousens
|
||
|
Ellis E. Cousens
|
|||
|
Executive Vice President and
|
|||
|
Chief Financial & Operations Officer
|
|
By
|
/s/ Edward J. Melando
|
||
|
Edward J. Melando
|
|||
|
Vice President, Controller and
|
|||
|
Chief Accounting Officer
|
|
Dated: December 09, 2010
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
No Suppliers Found
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|