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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
May 31, 2023
May 31, 2022
May 31, 2021
Cash flows - operating activities:      
Net income (loss) $ 86.3 $ 80.9 $ (11.0)
Adjustments to reconcile Net income (loss) to net cash provided by (used in) operating activities:      
Provision for losses on accounts receivable 3.3 15.2 5.2
Provision for losses on inventory 26.5 27.7 36.6
Provision for losses on royalty advances 4.2 4.1 5.4
Amortization of prepublication costs 25.1 26.4 25.4
Depreciation and amortization 64.6 64.9 64.9
Amortization of net actuarial (gain) loss (0.4) 0.0 0.0
Deferred income taxes (0.7) 3.2 (8.0)
Stock-based compensation 10.5 7.8 6.6
Income from equity investments (0.9) (2.0) (7.4)
Asset impairments and write downs 0.0 0.4 11.1
Non cash write off related to assets held for sale 0.0 11.6 0.0
(Gain) loss on sale of assets and other 0.0 (9.7) (10.4)
Changes in assets and liabilities, net of amounts acquired:      
Accounts receivable 15.0 (73.1) (14.6)
Inventories (83.6) (46.7) (26.2)
Income tax receivable 17.7 62.0 1.4
Prepaid expenses and other current assets 21.5 (22.2) (3.5)
Assets held for sale 0.0 (3.7) 0.0
Royalty advances (12.0) (10.4) (8.5)
Accounts payable 9.4 27.4 (17.9)
Accrued income taxes 10.9 (0.1) 1.3
Liabilities related to assets held for sale 0.0 3.5 0.0
Accrued royalties (7.6) 17.0 6.2
Deferred revenue (2.9) 74.7 (19.5)
Other accrued expenses (15.3) (6.8) 36.5
Other, net (22.7) (26.1) (2.6)
Net cash provided by (used in) operating activities 148.9 226.0 71.0
Cash flows - investing activities:      
Prepublication expenditures (26.9) (17.2) (20.7)
Additions to property, plant and equipment (62.0) (42.0) (47.2)
Proceeds from sale of assets 0.0 16.0 17.4
Acquisition-related payments (10.7) 0.0 0.0
Net cash provided by (used in) investing activities (99.6) (43.2) (50.5)
Cash flows - financing activities:      
Borrowings under lines of credit, credit agreement and revolving loan 3.5 3.2 4.0
Repayments of lines of credit, credit agreement and revolving loan (3.7) (186.2) (33.9)
Repayment of capital lease obligations (2.3) (2.3) (2.3)
Reacquisition of common stock (132.1) (33.4) 0.0
Proceeds pursuant to stock-based compensation plans 20.7 10.2 0.4
Payment of dividends (25.6) (20.7) (20.6)
Other, net 0.0 0.0 0.1
Net cash provided by (used in) financing activities (139.5) (229.2) (52.3)
Effect of exchange rate changes on cash and cash equivalents (1.9) (3.5) 4.5
Net increase (decrease) in cash and cash equivalents (92.1) (49.9) (27.3)
Cash and cash equivalents at beginning of period 316.6 366.5 393.8
Cash and cash equivalents at end of period 224.5 316.6 366.5
Supplemental Information:      
Income tax payments (refunds) 2.5 (48.8) 1.3
Interest paid $ 1.5 $ 3.3 $ 5.4