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Segment Information
 12 Months Ended
May 31, 2025
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
The Company categorizes its businesses into four reportable segments: Children’s Book Publishing and Distribution, Education Solutions, Entertainment and International.
 
•Children’s Book Publishing and Distribution operates as an integrated business which includes the publication and distribution of children’s books, ebooks, media and interactive products in the United States through its school reading events business, which includes the book clubs and book fairs channels and through the trade channel. This segment is comprised of two operating segments.

•Education Solutions includes the publication and distribution to schools and libraries of children’s books, classroom magazines, print and digital supplemental and core classroom materials and programs and related support services, and print and online reference and non-fiction products for grades pre-kindergarten to 12 in the United States. This segment is comprised of one operating segment.

•Entertainment includes the development, production, distribution and licensing of children and family film and television content. This segment is comprised of one operating segment.
•International includes the publication and distribution of products and services outside the United States by the Company’s international operations and its export and foreign rights businesses. This segment is comprised of four operating segments.

The Company's chief operating decision maker ("CODM") is the President and Chief Executive Officer. The CODM uses operating income (loss) as the profit measure to evaluate segment performance and allocate resources to the segments. The CODM considers variances of actual performance to forecasts and prior year when making decisions.

The following tables present the Company’s revenue, significant expenses, and operating income (loss) by segment for the three fiscal years ended May 31:

2025
Children's Book Publishing and DistributionEducation Solutions
Entertainment (1)
International
Overhead (2)
Consolidated
Revenues$963.9 $309.8 $61.0 $279.6 $11.2 $1,625.5 
Cost of goods sold (3)
410.2 122.8 33.4 159.3 (6.9)718.8 
Selling, general and administrative expenses (3)(4)
399.7 169.5 27.6 114.2 111.3 822.3 
Depreciation and amortization22.7 10.6 11.6 6.0 14.8 65.7 
Other segment items (5)
0.6 0.6 0.5 1.1 0.1 2.9 
Operating income (Loss)
$130.7 $6.3 $(12.1)$(1.0)$(108.1)$15.8 
Interest income (expense), net (16.0)
Other components of net periodic benefit (cost) (1.1)
Earnings (loss) before income taxes
$(1.3)
Other segment disclosures:
Segment assets$604.5 $245.8 $256.6 $269.1 $574.1 $1,950.1 
Long-lived asset additions12.3 0.9 0.3 3.9 14.7 32.1 
(1) The Entertainment segment includes the operations of 9 Story Media Group Inc. as acquired on June 20, 2024 ("9 Story"), and Scholastic Entertainment Inc. ("SEI").
(2) Overhead includes all domestic corporate amounts not allocated to segments, including expenses and costs related to the management of corporate assets and rental income related to leased space in the Company's headquarters.
(3) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(4) Selling, general and administrative expenses includes equity in the net income of investees accounted for by the equity method of $0.2 within the Entertainment segment and $0.3 within the International segment.
(5) Other segment items include asset impairments and write downs.
2024
Children's Book Publishing and DistributionEducation Solutions
Entertainment (1)
International
Overhead (2)
Consolidated
Revenues$953.3 $351.2 $1.9 $273.6 $9.7 $1,589.7 
Cost of goods sold (3)
412.0 137.6 0.1 162.2 (6.8)705.1 
Selling, general and administrative expenses (3)(4)
393.2 179.0 12.7 111.7 106.4 803.0 
Depreciation and amortization24.3 12.7 0.3 5.5 14.3 57.1 
Other segment items (5)
0.5 6.1 — 1.1 2.3 10.0 
Operating income (Loss)
$123.3 $15.8 $(11.2)$(6.9)$(106.5)$14.5 
Interest income (expense), net 2.7 
Other components of net periodic benefit (cost)(1.0)
Earnings (loss) before income taxes
$16.2 
Other segment disclosures:
Segment assets$555.7 $242.0 $9.4 $256.0 $608.1 $1,671.2 
Long-lived asset additions18.2 0.0 — 2.6 14.9 35.7 
(1) The Entertainment segment includes the operations of 9 Story Media Group Inc. as acquired on June 20, 2024 ("9 Story"), and Scholastic Entertainment Inc. ("SEI"). SEI was reported in the Children's Book Publishing and Distribution segment in prior years. The financial results for SEI for fiscal 2024 have been reclassified to Entertainment to reflect this change.
(2) Overhead includes all domestic corporate amounts not allocated to segments, including expenses and costs related to the management of corporate assets and rental income related to leased space in the Company's headquarters.
(3) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(4) Selling, general and administrative expenses includes equity in the net income of investees accounted for by the equity method of $0.5 within the International segment.
(5) Other segment items include asset impairments and write downs.
2023
Children's Book Publishing and DistributionEducation Solutions
Entertainment (1)
International
Overhead (2)
Consolidated
Revenues$1,019.0 $386.6 $19.0 $279.4 $— $1,704.0 
Cost of goods sold (3)
467.3 143.0 14.4 169.7 (8.0)786.4 
Selling, general and administrative expenses (3)(4)
383.1 172.4 3.1 107.6 90.4 756.6 
Depreciation and amortization26.4 12.8 0.3 5.7 9.5 54.7 
Operating income (Loss)
$142.2 $58.4 $1.2 $(3.6)$(91.9)$106.3 
Interest income (expense), net5.8 
Other components of net periodic benefit (cost)0.3 
Earnings (loss) before income taxes
$112.4 
Other segment disclosures:
Segment assets$587.0 $290.8 $12.9 $260.0 $716.0 $1,866.7 
Long-lived asset additions10.6 0.3 — 3.3 22.3 36.5 
(1) The Entertainment segment includes the operations of 9 Story Media Group Inc. as acquired on June 20, 2024 ("9 Story"), and Scholastic Entertainment Inc. ("SEI"). SEI was reported in the Children's Book Publishing and Distribution segment in prior years. The financial results for SEI for fiscal 2023 have been reclassified to Entertainment to reflect this change.
(2) Overhead includes all domestic corporate amounts not allocated to segments, including expenses and costs related to the management of corporate assets and rental income related to leased space in the Company's headquarters.
(3) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(4) Selling, general and administrative expenses includes equity in the net income of investees accounted for by the equity method of $0.9 within the International segment.
The following table presents geographic information for revenues for the three fiscal years ended May 31. Revenues are attributed to locations based on the origin of sale.

202520242023
United States$1,243.4 $1,265.8 $1,383.3 
International382.1 323.9 320.7 
Total Revenues$1,625.5 $1,589.7 $1,704.0 

The following table presents geographic information for long-lived assets for the three fiscal years ended May 31. Long-lived assets consist of property, plant and equipment, net, excluding capitalized software.

202520242023
United States$431.7 $430.5 $432.8 
International32.8 26.8 25.9 
Total Long-lived assets$464.5 $457.3 $458.7