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Revenues (Tables)
 3 Months Ended
Aug. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the Company’s segment revenues disaggregated by region and domestic channel:

Three months ended
August 31,
20232022
Book Clubs - U.S.$2.6 $6.3 
Book Fairs - U.S.27.3 28.3 
Trade - U.S.62.5 76.2 
Trade - International (1)
10.4 13.9 
Total Children's Book Publishing and Distribution$102.8 $124.7 
Education Solutions - U.S.$66.0 $73.2 
Total Education Solutions$66.0 $73.2 
International - Major Markets (2)
$47.8 $53.4 
International - Other Markets (3)
9.4 11.6 
Total International$57.2 $65.0 
Total (4)
$226.0 $262.9 
(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.
(4) Total revenues of $228.5 in fiscal 2024 include rental income of $2.5 related to leased space in the Company's headquarters which was not allocated to a segment. In fiscal 2023, rental income of $1.5 was recognized as a reduction to Selling, general and administrative expenses.
Deferred Revenue, by Arrangement, Disclosure
The following table presents further detail regarding the Company's contract liabilities as of the dates indicated:

August 31, 2023May 31, 2023August 31, 2022
Book fairs incentive credits$96.1 $110.8 $84.4 
Magazines+ subscriptions24.2 5.0 24.7 
U.S. digital subscriptions26.8 22.8 23.8 
U.S. education-related (1)
12.1 9.8 16.5 
Media-related0.0 0.0 15.6 
Stored value cards13.1 12.4 9.3 
Other (2)
9.4 8.3 8.3 
Total contract liabilities$181.7 $169.1 $182.6 
(1) Primarily includes contract liabilities related to contracts with school districts and professional services.
(2) Primarily includes contract liabilities related to various international products and services.
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 Condensed Consolidated Balance Sheets:

Allowance for Credit Losses
Balance as of June 1, 2023$16.7 
Provision (benefit)0.6 
Write-offs and other(0.2)
Balance as of August 31, 2023$17.1