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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

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- 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

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
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