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Revenues (Tables) | 3 Months Ended
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Aug. 31, 2024
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, |
| 2024 | 2023 |  |
Book Clubs - U.S. | $ | 2.7 |  |  | $ | 2.6 |  |  |  |  |  |  |  |
Book Fairs - U.S. |  | 28.8 |  |  |  | 27.3 |  |  |  |  |  |  |  |
Trade - U.S. (1) |  | 58.2 |  |  |  | 62.1 |  |  |  |  |  |  |  |
Trade - International (2) |  | 15.7 |  |  |  | 10.4 |  |  |  |  |  |  |  |
Total Children's Book Publishing and Distribution | $ | 105.4 |  |  | $ | 102.4 |  |  |  |  |  |  |  |
Education Solutions - U.S. | $ | 55.7 |  |  | $ | 66.0 |  |  |  |  |  |  |  |
Total Education Solutions | $ | 55.7 |  |  | $ | 66.0 |  |  |  |  |  |  |  |
Entertainment - U.S. | $ | 1.6 |  |  | $ | 0.4 |  |  |  |  |  |  |  |
Entertainment - International (3) |  | 15.0 |  |  |  | — |  |  |  |  |  |  |  |
Total Entertainment (1) | $ | 16.6 |  |  | $ | 0.4 |  |  |  |  |  |  |  |
International - Major Markets (4) | $ | 48.1 |  |  | $ | 47.8 |  |  |  |  |  |  |  |
International - Other Markets (5) |  | 8.7 |  |  |  | 9.4 |  |  |  |  |  |  |  |
Total International | $ | 56.8 |  |  | $ | 57.2 |  |  |  |  |  |  |  |
Overhead (6) | $ | 2.7 |  |  | $ | 2.5 |  |  |  |  |  |  |  |
Total Overhead | $ | 2.7 |  |  | $ | 2.5 |  |  |  |  |  |  |  |
Total | $ | 237.2 |  |  | $ | 228.5 |  |  |  |  |  |  |  |
(1) The newly formed Entertainment segment includes the operations of SEI, which were included in the Children’s Book Publishing and Distribution segment in prior periods, and 9 Story. The financial results for SEI for the three months ended August 31, 2023 have been reclassified to Entertainment to reflect this change. (2) Primarily includes foreign rights and certain product sales in the UK. (3) Primarily includes production, distribution and licensing revenues in Canada, Ireland and Indonesia. (4) Includes Canada, UK, Australia and New Zealand. (5) Primarily includes markets in Asia. (6) Overhead includes rental income related to leased space in the Company's headquarters.
Deferred Revenue, by Arrangement, Disclosure | The following table presents further detail regarding the Company's contract liabilities as of the dates indicated:
| August 31, 2024 | May 31, 2024 | August 31, 2023
Book fairs incentive credits | $ | 99.4 |  |  | $ | 114.2 |  |  | $ | 96.1 |  |
Magazines+ subscriptions |  | 22.2 |  |  |  | 4.6 |  |  |  | 24.2 |  |
U.S. digital subscriptions |  | 19.2 |  |  |  | 15.6 |  |  |  | 26.8 |  |
U.S. education-related (1) |  | 10.3 |  |  |  | 10.1 |  |  |  | 12.1 |  |
Media-related |  | 6.8 |  |  |  | 0.0 |  |  |  | 0.0 |  |
Stored value cards |  | 17.3 |  |  |  | 16.7 |  |  |  | 13.1 |  |
Other (2) |  | 5.0 |  |  |  | 6.4 |  |  |  | 9.4 |  |
Total contract liabilities | $ | 180.2 |  |  | $ | 167.6 |  |  | $ | 181.7 |  |
(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, 2024 | $ | 14.9 |  |
Provision (benefit) |  | 0.9 |  |
Write-offs and other |  | (0.4) |  |
Balance as of August 31, 2024 | $ | 15.4 |  |

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