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Revenues (Tables) | 12 Months Ended
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May 31, 2024
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:
| 2024 |  | 2023 |  | 2022
Book Clubs - U.S. | $ | 62.7 |  |  | $ | 117.8 |  |  | $ | 126.4 |
Book Fairs - U.S. |  | 541.6 |  |  |  | 553.1 |  |  |  | 429.7 |
Trade - U.S. |  | 300.6 |  |  |  | 325.8 |  |  |  | 344.0 |
Trade - International (1) |  | 50.3 |  |  |  | 41.3 |  |  |  | 46.4 |
Total Children's Book Publishing and Distribution |  | 955.2 |  |  |  | 1,038.0 |  |  |  | 946.5 |
Education Solutions - U.S. |  | 351.2 |  |  |  | 386.6 |  |  |  | 393.6 |
Total Education Solutions |  | 351.2 |  |  |  | 386.6 |  |  |  | 393.6 |
International - Major Markets (2) |  | 228.6 |  |  |  | 229.7 |  |  |  | 237.1 |
International - Other Markets (3) |  | 45.0 |  |  |  | 49.7 |  |  |  | 65.7 |
Total International |  | 273.6 |  |  |  | 279.4 |  |  |  | 302.8 |
Total Revenues (4) | $ | 1,580.0 |  |  | $ | 1,704.0 |  |  | $ | 1,642.9 |
(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 $1,589.7 for fiscal year ended May 31, 2024 included rental income of $9.7 related to leased space in the Company's headquarters which was not allocated to a segment. Rental income of $7.1 and $6.1 was recognized as a reduction to Selling, general and administrative expenses for fiscal years ended May 31, 2023 and 2022, respectively.
Deferred Revenue, by Arrangement, Disclosure | The following table presents further detail regarding the Company's contract liabilities balance for the years ended May 31:
| 2024 | 2023
Book fairs incentive credits | $ | 114.2 |  |  | $ | 110.8 |  |
Magazines+ subscriptions |  | 4.6 |  |  |  | 5.0 |  |
U.S. digital subscriptions |  | 15.6 |  |  |  | 22.8 |  |
U.S. education-related (1) |  | 10.1 |  |  |  | 9.8 |  |
Stored value programs |  | 16.7 |  |  |  | 12.4 |  |
Other (2) |  | 6.4 |  |  |  | 8.3 |  |
Total contract liabilities | $ | 167.6 |  |  | $ | 169.1 |  |
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, 2023 | $ | 16.7 |
Current period provision |  | 5.2 |
Write-offs and other |  | (7.0) |
Balance as of May 31, 2024 | $ | 14.9 |

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