XML 55 R41.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and Other Intangibles (Tables)
 12 Months Ended
May 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
The following table summarizes the activity in Goodwill for the fiscal years ended May 31: 
 20232022
Gross beginning balance$164.9 $165.9 
Accumulated impairment(39.6)(39.6)
Beginning balance$125.3 $126.3 
Additions7.6 — 
Foreign currency translation(0.2)(1.0)
Gross ending balance172.3 164.9 
Accumulated impairment(39.6)(39.6)
Ending balance$132.7 $125.3 
Schedule of Goodwill by Segment
The following table presents Goodwill by segment as of May 31:

20232022
Children's Book Publishing and Distribution$46.9 $47.0 
Education Solutions75.8 68.3 
International10.010.0
Total$132.7$125.3
Schedule of finite-lived intangible assets
The following table summarizes Other intangibles for the fiscal years ended May 31: 
 20232022
Other intangibles subject to amortization - beginning balance$6.0 $8.4 
Additions4.1 — 
Amortization expense(2.2)(2.0)
Foreign currency translation(0.1)(0.4)
Total other intangibles subject to amortization, net of accumulated amortization of $36.5 and $34.3, respectively
$7.8 $6.0 
Total other intangibles not subject to amortization2.1 2.1 
Total other intangibles$9.9 $8.1 
Schedule of future amortization of finite-lived intangible assets
The following table reflects the estimated amortization expense for intangibles for future fiscal years ending May 31: 
2024$2.1 
20251.8 
20260.9 
20270.9 
20280.9 
Thereafter1.2