XML 48 R34.htm IDEA: XBRL DOCUMENT
v3.23.2

Revenues (Tables) | 12 Months Ended
--- | ---
May 31, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents the Company’s segment revenues disaggregated by region and domestic channel during the year ended May 31:
| 2023 |  | 2022 |  | 2021
Book Clubs - U.S. | $ | 117.8 |  |  | $ | 126.4 |  |  | $ | 145.4 |
Book Fairs - U.S. |  | 553.1 |  |  |  | 429.7 |  |  |  | 164.3 |
Trade - U.S. |  | 325.8 |  |  |  | 344.0 |  |  |  | 328.8 |
Trade - International(1) |  | 41.3 |  |  |  | 46.4 |  |  |  | 36.5 |
Total Children's Book Publishing and Distribution |  | 1,038.0 |  |  |  | 946.5 |  |  |  | 675.0 |
Education Solutions - U.S. |  | 386.6 |  |  |  | 393.6 |  |  |  | 312.3 |
Total Education Solutions |  | 386.6 |  |  |  | 393.6 |  |  |  | 312.3 |
International - Major Markets(2) |  | 229.7 |  |  |  | 237.1 |  |  |  | 226.8 |
International - Other Markets(3) |  | 49.7 |  |  |  | 65.7 |  |  |  | 86.2 |
Total International |  | 279.4 |  |  |  | 302.8 |  |  |  | 313.0 |
Total Revenues | $ | 1,704.0 |  |  | $ | 1,642.9 |  |  | $ | 1,300.3 |
(1) Primarily includes foreign rights and certain product sales in the UK. (2) Includes Canada, UK, Australia and New Zealand. (3) Primarily includes markets in Asia.
Deferred Revenue, by Arrangement, Disclosure | The following table presents further detail regarding the Company's deferred revenue balance for the years ended May 31:
| 2023 | 2022
Book fairs incentive credits | $ | 110.8 |  |  | $ | 100.1 |  |
Magazines+ subscriptions |  | 5.0 |  |  |  | 4.5 |  |
U.S. digital subscriptions |  | 22.8 |  |  |  | 19.5 |  |
U.S. education-related(1) |  | 9.8 |  |  |  | 13.6 |  |
Media-related |  | 0.0 |  |  |  | 15.8 |  |
Stored value cards |  | 12.4 |  |  |  | 9.4 |  |
Other(2) |  | 8.3 |  |  |  | 9.9 |  |
Total deferred revenue | $ | 169.1 |  |  | $ | 172.8 |  |
Accounts Receivable, Allowance for Credit Loss | The following table presents the change in the allowance for credit losses, which is included in Accounts Receivable, net on the Consolidated Balance Sheets:
| Allowance for Credit Losses
Balance as of June 1, 2022 | $ | 25.9 |
Current period provision |  | 3.3 |
Write-offs and other |  | (12.5) |
Balance as of May 31, 2023 | $ | 16.7 |

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date. + References No definition available. + Details
Name: | us-gaap_DeferredRevenueByArrangementDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration