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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
May 31, 2025
May 31, 2024
May 31, 2023
Cash flows - operating activities:      
Net income (loss) $ (1.9) $ 12.1 $ 86.3
Provision for losses on accounts receivable 5.0 5.2 3.3
Provision for losses on inventory 16.1 20.4 26.5
Provision for losses on royalty advances 5.7 2.7 4.2
Amortization of prepublication costs 21.9 26.2 25.1
Amortization of film and television programs 9.9 0.0 0.0
Depreciation and amortization 78.5 67.0 64.6
Amortization of net actuarial (gain) loss 0.5 0.4 (0.4)
Deferred income taxes (19.7) (1.9) (0.7)
Stock-based compensation 9.3 11.0 10.5
Income from equity method investments (0.5) (0.5) (0.9)
Asset impairments and write downs 2.9 10.0 0.0
Increase (Decrease) in Accounts Receivable (26.7) 38.2 15.0
Increase (Decrease) in Inventories (2.8) 50.9 (83.6)
Income tax receivable 6.8 (6.3) 17.7
Tax credit receivable 10.6 0.0 0.0
Increase (Decrease) in Prepaid Expense and Other Assets 4.1 (1.7) 21.5
Investment in film and television programs (12.5) 0.0 0.0
IncreaseDecreaseInRoyaltyAdvances (25.8) (3.4) (12.0)
Accounts payable 15.5 (32.5) 9.4
Accrued royalties 13.3 (4.5) (7.6)
Deferred revenue 7.5 (8.1) (2.9)
Other accrued expenses (1.5) (10.3) (15.3)
Accrued income taxes 1.7 (11.5) 10.9
Other, net 6.3 (8.8) (22.7)
Net cash provided by (used in) operating activities 124.2 154.6 148.9
Cash flows - investing activities:      
Prepublication expenditures (24.5) (22.8) (26.9)
Additions to property, plant and equipment (52.2) (58.4) (62.0)
Acquisition-related payments (176.2) (6.4) (10.7)
Purchase of noncontrolling interests 0.0 (2.1) 0.0
Net cash provided by (used in) investing activities (252.9) (89.7) (99.6)
Cash flows - financing activities:      
Borrowings under lines of credit, credit agreement and revolving loan 305.9 54.1 3.5
Repayments of lines of credit, credit agreement and revolving loan (57.4) (54.1) (3.7)
Borrowings under film related obligations 16.5 0.0 0.0
Repayments of film related obligations (including interests) (34.8) 0.0 0.0
Repayment of capital lease obligations (1.7) (2.3) (2.3)
Reacquisition of common stock (70.0) (158.2) (132.1)
Proceeds pursuant to stock-based compensation plans 1.2 9.1 20.7
Payment of dividends (22.6) (24.7) (25.6)
Other, net 0.2 0.0 0.0
Net cash provided by (used in) financing activities 137.3 (176.1) (139.5)
Effect of exchange rate changes on cash and cash equivalents 1.7 0.4 (1.9)
Net increase (decrease) in cash and cash equivalents 10.3 (110.8) (92.1)
Cash and cash equivalents at beginning of period 113.7 224.5 316.6
Cash and cash equivalents at end of period 124.0 113.7 224.5
Income tax payments (refunds) 2.0 23.7 2.5
Interest paid $ 18.3 $ 2.2 $ 1.5