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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Aug. 31, 2024
May 31, 2024
Aug. 31, 2023
Current Assets:      
Cash and cash equivalents $ 84.1 $ 113.7 $ 125.8
Accounts receivable, net 201.1 235.0 201.9
Inventories, net 310.3 264.2 353.2
Income tax receivable 46.1 15.2 33.4
Prepaid expenses and other current assets 73.5 48.8 70.4
Total current assets 715.1 676.9 784.7
Noncurrent Assets:      
Property, plant and equipment, net 525.4 511.9 523.3
Prepublication costs, net 48.4 49.5 55.0
Investment in film and television programs, net 40.4 0.0 0.0
Operating lease right-of-use assets, net 105.0 99.1 96.4
Royalty advances, net 65.1 57.8 58.6
Goodwill 204.4 132.8 132.8
Other intangible assets, net 94.7 10.3 9.4
Noncurrent deferred income taxes 22.6 23.1 20.5
Other assets and deferred charges 138.9 109.8 91.6
Total noncurrent assets 1,244.9 994.3 987.6
Total assets 1,960.0 1,671.2 1,772.3
Current Liabilities:      
Lines of credit and current portion of long-term debt 6.1 6.0 5.9
Film related obligations 20.5 0.0 0.0
Accounts payable 184.0 138.5 167.7
Accrued royalties 77.5 48.5 72.0
Deferred revenue 173.9 161.1 171.1
Other accrued expenses 139.1 156.3 145.9
Accrued income taxes 2.1 1.9 13.2
Operating lease liabilities 25.2 22.4 22.9
Total current liabilities 628.4 534.7 598.7
Noncurrent Liabilities:      
Total long-term debt 225.0 0.0 0.0
Operating lease liabilities 90.6 89.2 83.1
Film related obligations 13.6 0.0 0.0
Other noncurrent liabilities 45.1 29.2 35.9
Total noncurrent liabilities 374.3 118.4 119.0
Commitments and Contingencies (see Note 5) 0.0 0.0 0.0
Stockholders’ Equity:      
Preferred Stock, $1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none 0.0 0.0 0.0
Additional paid-in capital 606.3 604.6 632.7
Accumulated other comprehensive income (loss) (44.1) (52.5) (53.8)
Retained earnings 955.6 1,023.7 955.1
Treasury stock, at cost: 15.6, 15.5 and 13.6 shares, respectively (560.9) (558.1) (479.8)
Total stockholders’ equity 957.3 1,018.1 1,054.6
Total liabilities and stockholders’ equity 1,960.0 1,671.2 1,772.3
Common Class A      
Stockholders’ Equity:      
Common Stock, value 0.0 0.0 0.0
Common Class      
Stockholders’ Equity:      
Common Stock, value $ 0.4 $ 0.4 $ 0.4