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Revenue from Contracts with Customers (Tables) | 3 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following tables summarize the Company's revenue from contracts with its customers disaggregated by segment and product type for the three months ended June 30, 2025 and 2024:
| Three Months Ended June 30,
| 2025 |  | 2024
| Digital |  | Print (1) |  | Total |  | Digital |  | Print (1) |  | Total
Revenue by Segment: |  |  |  |  |  |  |  |  |  |  |
K-12 | $ | 108,597 |  |  | $ | 162,334 |  |  | $ | 270,931 |  |  | $ | 99,618 |  |  | $ | 175,209 |  |  | $ | 274,827 |
Higher Education | 168,826 |  |  | 13,553 |  |  | 182,379 |  |  | 153,955 |  |  | 5,891 |  |  | 159,846 |
Global Professional | 25,272 |  |  | 9,887 |  |  | 35,159 |  |  | 25,093 |  |  | 10,194 |  |  | 35,287 |
International | 22,353 |  |  | 29,111 |  |  | 51,464 |  |  | 24,559 |  |  | 33,752 |  |  | 58,311 |
Other (2) | — |  |  | (4,223) |  |  | (4,223) |  |  | — |  |  | (5,317) |  |  | (5,317) |
Total Revenue | $ | 325,048 |  |  | $ | 210,662 |  |  | $ | 535,710 |  |  | $ | 303,225 |  |  | $ | 219,729 |  |  | $ | 522,954 |
___________________
(1) | Print revenue contains print and multi-year print products.
(2) | Includes in-transit product sales and intersegment revenue adjustments that are not included within segment revenues reviewed by the Company's CODM.
| Three Months Ended June 30,
| 2025 |  | 2024
| Re-occurring Revenue |  | Transactional Revenue |  | Total |  | Re-occurring Revenue |  | Transactional Revenue |  | Total
K-12 | $ | 183,641 |  |  | $ | 87,290 |  |  | $ | 270,931 |  |  | $ | 166,819 |  |  | $ | 108,008 |  |  | $ | 274,827 |
Higher Education | 159,552 |  |  | 22,827 |  |  | 182,379 |  |  | 149,454 |  |  | 10,392 |  |  | 159,846 |
Global Professional | 23,657 |  |  | 11,502 |  |  | 35,159 |  |  | 22,773 |  |  | 12,514 |  |  | 35,287 |
International | 20,764 |  |  | 30,700 |  |  | 51,464 |  |  | 22,752 |  |  | 35,559 |  |  | 58,311 |
Other | — |  |  | (4,223) |  |  | (4,223) |  |  | — |  |  | (5,317) |  |  | (5,317) |
Total Revenue | $ | 387,614 |  |  | $ | 148,096 |  |  | $ | 535,710 |  |  | $ | 361,798 |  |  | $ | 161,156 |  |  | $ | 522,954 |
Schedule of Deferred Commission Costs and Deferred Royalties | Deferred commission costs consisted of the following:
| June 30, 2025 |  | March 31, 2025
Current | $ | 17,173 |  |  | $ | 22,449 |
Non-current | 22,894 |  |  | 18,794 |
Total Deferred Commission Costs | $ | 40,067 |  |  | $ | 41,243 |
Deferred royalties consisted of the following:
| June 30, 2025 |  | March 31, 2025
Current | $ | 65,424 |  |  | $ | 76,186 |
Non-current | 59,221 |  |  | 61,495 |
Total Deferred Royalties | $ | 124,645 |  |  | $ | 137,681 |
Schedule of Contract Assets and Liabilities | Contract assets and contract liabilities consisted of the following:
| June 30, 2025 |  | March 31, 2025
Contract assets | $ | 48,372 |  |  | $ | 29,032 |
Contract liabilities (deferred revenue): |  |  |
Current | 737,620 |  |  | 794,031 |
Non-current | 912,559 |  |  | 882,156 |
Total Contract Liabilities | $ | 1,650,179 |  |  | $ | 1,676,187 |
Total contract liabilities by segment consisted of the following:
| June 30, 2025 |  | March 31, 2025
Total Contract Liabilities by Segment: |  |  |
K-12 | $ | 1,327,044 |  |  | $ | 1,279,585 |
Higher Education | 221,730 |  |  | 297,316 |
Global Professional | 64,376 |  |  | 62,348 |
International | 29,275 |  |  | 33,407 |
Other (1) | 7,754 |  |  | 3,531 |
Total Contract Liabilities | $ | 1,650,179 |  |  | $ | 1,676,187 |
_______________ (1)Includes contract liabilities for in-transit product sales that are not included in segment contract liabilities.
Schedule of Estimated Revenue to be Recognized | Estimated revenue expected to be recognized in future fiscal years ended March 31, related to amounts included within deferred revenue as of June 30, 2025 was as follows:
| June 30, 2025
2026 (remaining nine months) | $ | 574,360 |
2027 | 425,460 |
2028 | 297,335 |
2029 | 185,013 |
2030 | 94,014 |
Thereafter | 73,997 |
| $ | 1,650,179 |

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