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Segment Information (Tables) | 3 Months Ended
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Aug. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| Three months ended August 31, 2025
| Children's Book Publishing and Distribution | Education Solutions | Entertainment | International | Overhead (1) | Consolidated
Revenues | $ | 109.4 |  | $ | 40.1 |  | $ | 13.6 |  | $ | 59.4 |  | $ | 3.1 |  | $ | 225.6 |
Cost of goods sold (2) | 62.2 |  | 19.3 |  | 8.1 |  | 35.4 |  | (1.5) |  | 123.5 |
Selling, general and administrative expenses (2)(3) | 76.1 |  | 39.3 |  | 6.4 |  | 26.8 |  | 28.6 |  | 177.2 |
Depreciation and amortization | 5.4 |  | 2.7 |  | 3.1 |  | 1.4 |  | 3.7 |  | 16.3 |
Other segment items (4) | 0.8 |  | — |  | — |  | — |  | — |  | 0.8 |
Operating income (loss) | $ | (35.1) |  | $ | (21.2) |  | $ | (4.0) |  | $ | (4.2) |  | $ | (27.7) |  | $ | (92.2) |
Interest income (expense), net |  |  |  |  |  | (4.5) |
Other components of net periodic benefit (cost) |  |  |  |  |  | (0.3) |
Earnings (loss) before income taxes |  |  |  |  |  | $ | (97.0) |
Other segment disclosures: |  |  |  |  |  |
Segment assets | $ | 634.7 |  | $ | 211.1 |  | $ | 255.5 |  | $ | 261.0 |  | $ | 592.3 |  | $ | 1,954.6 |
Long-lived asset additions | 1.2 |  | 0.1 |  | 0.0 |  | 3.4 |  | 2.7 |  | 7.4 |
(1) 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. (2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. (3) Selling, general and administrative expenses includes equity in the net income (loss) of investees accounted for by the equity method. A loss of less than $0.1 was recognized within the Entertainment segment and a loss of $0.1 was recognized within the International segment. (4) Other segment items include asset impairments and write downs.
| Three months ended August 31, 2024
| Children's Book Publishing and Distribution | Education Solutions | Entertainment | International | Overhead (1) | Consolidated
Revenues | $ | 105.4 |  | $ | 55.7 |  | $ | 16.6 |  | $ | 56.8 |  | $ | 2.7 |  | $ | 237.2 |
Cost of goods sold (2) | 58.9 |  | 27.4 |  | 8.3 |  | 35.3 |  | (1.6) |  | 128.3 |
Selling, general and administrative expenses (2)(3) | 77.5 |  | 42.7 |  | 6.5 |  | 28.3 |  | 27.1 |  | 182.1 |
Depreciation and amortization | 5.6 |  | 2.6 |  | 2.3 |  | 1.5 |  | 3.3 |  | 15.3 |
Operating income (Loss) | $ | (36.6) |  | $ | (17.0) |  | $ | (0.5) |  | $ | (8.3) |  | $ | (26.1) |  | $ | (88.5) |
Interest income (expense), net |  |  |  |  |  | (3.0) |
Other components of net periodic benefit (cost) |  |  |  |  |  | (0.3) |
Earnings (loss) before income taxes |  |  |  |  |  | $ | (91.8) |
Other segment disclosures: |  |  |  |  |  |
Segment assets | $ | 604.3 |  | $ | 206.9 |  | $ | 285.8 |  | $ | 249.4 |  | $ | 613.6 |  | $ | 1,960.0 |
Long-lived asset additions | 8.4 |  | — |  | 0.0 |  | 2.2 |  | 4.0 |  | 14.6 |
(1) 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. (2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. 3) Selling, general and administrative expenses includes equity in the net income (loss) of investees accounted for by the equity method. Income of $0.2 was recognized within the Entertainment segment and a loss of less than $0.1 was recognized in the International segment.
Revenue from External Customers by Geographic Areas | The following table presents geographic information for revenues for the periods indicated. Revenues are attributed to locations based on the origin of sale.
| Three months ended August 31,
| 2025 |  | 2024
United States | $ | 141.7 |  |  | $ | 149.7 |
International |  | 83.9 |  |  |  | 87.5 |
Total Revenues | $ | 225.6 |  |  | $ | 237.2 |
Long-Lived Assets by Geographic Areas | The following table presents geographic information for long-lived assets as of the dates indicated. Long-lived assets consist of property, plant and equipment, net, excluding capitalized software.
| August 31, 2025 |  | August 31, 2024
United States | $ | 412.4 |  |  | $ | 436.0 |
International |  | 35.2 |  |  |  | 33.9 |
Total Long-lived assets | $ | 447.6 |  |  | $ | 469.9 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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