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v3.26.1

Segment Information (Tables) | 9 Months Ended
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Feb. 28, 2026
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
Three months ended February 28, 2026
|  | Children's Book Publishing and Distribution |  | Education Solutions |  | Entertainment |  | International |  | Overhead (1) |  | Consolidated
Revenues | $ | 197.6 |  | $ | 56.1 |  | $ | 16.0 |  | $ | 58.7 |  | $ | 0.7 |  | $ | 329.1 |
Cost of goods sold (2) |  | 83.7 |  |  | 23.2 |  |  | 9.3 |  |  | 35.3 |  |  | (1.2) |  |  | 150.3 |
Selling, general and administrative expenses (2)(3) |  | 99.4 |  |  | 35.2 |  |  | 7.1 |  |  | 26.8 |  |  | 24.3 |  |  | 192.8 |
Depreciation and amortization |  | 5.6 |  |  | 2.9 |  |  | 3.1 |  |  | 1.3 |  |  | — |  |  | 12.9 |
Operating income (loss) | $ | 8.9 |  | $ | (5.2) |  | $ | (3.5) |  | $ | (4.7) |  | $ | (22.4) |  | $ | (26.9) |
Interest income (expense), net |  |  |  |  |  |  |  |  |  |  |  | (0.8) |
Other components of net periodic benefit (cost) |  |  |  |  |  |  |  |  |  |  |  | (0.3) |
Gain on sale and leaseback transactions |  |  |  |  |  |  |  |  |  |  |  | 119.8 |
Earnings (loss) before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 91.8 |
Other segment disclosures: |  |  |  |  |  |  |  |  |  |  |  |
Segment assets | $ | 630.4 |  | $ | 213.9 |  | $ | 249.7 |  | $ | 259.8 |  | $ | 427.0 |  | $ | 1,780.8 |
Long-lived asset additions |  | 2.8 |  |  | — |  |  | 0.5 |  |  | 3.9 |  |  | 2.7 |  |  | 9.9 |
(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. As a result of the sale and leaseback transactions, the Company no longer owns the leasable space. Refer to Note 4, "Sale and Leaseback Transactions", and Note 12, "Leases", for further details. (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 less than $0.1 and $0.1 was recognized within the Entertainment and International segments, respectively.
Three months ended February 28, 2025
|  | Children's Book Publishing and Distribution |  | Education Solutions |  | Entertainment |  | International |  | Overhead (1) |  | Consolidated
Revenues | $ | 203.3 |  | $ | 57.2 |  | $ | 12.8 |  | $ | 59.3 |  | $ | 2.8 |  | $ | 335.4 |
Cost of goods sold (2) |  | 92.0 |  |  | 23.0 |  |  | 7.2 |  |  | 33.8 |  |  | (1.4) |  |  | 154.6 |
Selling, general and administrative expenses (2)(3) |  | 98.0 |  |  | 38.4 |  |  | 6.0 |  |  | 26.2 |  |  | 18.9 |  |  | 187.5 |
Depreciation and amortization |  | 5.7 |  |  | 2.7 |  |  | 3.2 |  |  | 1.4 |  |  | 3.9 |  |  | 16.9 |
Other segment items (4) |  | — |  |  | — |  |  | 0.3 |  |  | — |  |  | — |  |  | 0.3 |
Operating income (Loss) | $ | 7.6 |  | $ | (6.9) |  | $ | (3.9) |  | $ | (2.1) |  | $ | (18.6) |  | $ | (23.9) |
Interest income (expense), net |  |  |  |  |  |  |  |  |  |  |  | (4.3) |
Other components of net periodic benefit (cost) |  |  |  |  |  |  |  |  |  |  |  | (0.2) |
Earnings (loss) before income taxes |  |  |  |  |  |  |  |  |  |  | $ | (28.4) |
Other segment disclosures: |  |  |  |  |  |  |  |  |  |  |  |
Segment assets | $ | 635.8 |  | $ | 213.4 |  | $ | 246.3 |  | $ | 244.2 |  | $ | 621.6 |  | $ | 1,961.3 |
Long-lived asset additions |  | 0.4 |  |  | 0.4 |  |  | 0.0 |  |  | 0.5 |  |  | 3.2 |  |  | 4.5 |
(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 $0.1 and loss of $0.1 was recognized in the Entertainment and International segments, respectively. (4) Other segment items include asset impairments and write downs.
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 February 28, |  | Nine months ended February 28,
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025
United States | $ | 249.2 |  |  | $ | 255.8 |  |  | $ | 831.5 |  |  | $ | 836.1 |
International |  | 79.9 |  |  |  | 79.6 |  |  |  | 274.3 |  |  |  | 281.1 |
Total Revenues | $ | 329.1 |  |  | $ | 335.4 |  |  | $ | 1,105.8 |  |  | $ | 1,117.2 |
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.
| February 28, 2026 |  | February 28, 2025
United States | $ | 99.2 |  |  | $ | 428.9 |
International |  | 38.5 |  |  |  | 31.7 |
Total Long-lived assets | $ | 137.7 |  |  | $ | 460.6 |

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