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Revenues (Tables)
 12 Months Ended
May 31, 2025
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:
202520242023
Book Clubs - U.S.$64.2 $62.7 $117.8 
Book Fairs - U.S.548.3 541.6 553.1 
Trade - U.S. (1)
304.7 298.7 306.8 
Trade - International (2)
46.7 50.3 41.3 
Total Children's Book Publishing and Distribution963.9 953.3 1,019.0 
Education Solutions - U.S.309.8 351.2 386.6 
Total Education Solutions309.8 351.2 386.6 
Entertainment - U.S. (1)
5.2 1.9 19.0 
Entertainment - International55.8 — — 
Total Entertainment61.0 1.9 19.0 
International - Major Markets (3)
241.6 228.6 229.7 
International - Other Markets (4)
38.0 45.0 49.7 
Total International279.6 273.6 279.4 
Overhead (5)
11.2 9.7 — 
Total Revenues$1,625.5 $1,589.7 $1,704.0 
(1) The 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 fiscal years presented have been reclassified to Entertainment to reflect this change.
(2) Primarily includes foreign rights and certain product sales in the UK.
(3) Includes Canada, UK, Australia and New Zealand.
(4) Primarily includes markets in Asia.
(5) Overhead includes rental income related to leased space in the Company's headquarters. Rental income of $7.1 was recognized as a reduction to Selling, general and administrative expenses for the fiscal year ended May 31, 2023.
Deferred Revenue, by Arrangement, Disclosure
The following table presents further detail regarding the Company's contract liabilities balance for the years ended May 31:

20252024
Book fairs incentive credits$122.1 $114.2 
Magazines+ subscriptions3.9 4.6 
U.S. digital subscriptions11.1 15.6 
U.S. education-related (1)
7.5 10.1 
Entertainment-related (2)
8.2 0.1 
Stored value programs22.4 16.7 
Other (3)
7.8 6.3 
Total contract liabilities$183.0 $167.6 
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, 2024
$14.9 
Current period provision5.0 
Write-offs and other (8.9)
Balance as of May 31, 2025
$11.0