Segment Information

6 Months Ended

Nov. 30, 2022

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company categorizes its businesses into three reportable segments: Children’s Book Publishing and Distribution, Education Solutions 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 primarily in the United States through its book clubs and book fairs in its school channels and through the trade channel. This segment is comprised of three 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 related support services, and print and online reference and non-fiction products for grades prekindergarten to 12 in the United States. 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 businesses. This segment is comprised of three operating segments.

The following table sets forth the Company's revenue and operating income (loss) by segment for the fiscal quarter ended November 30, 2022:

	Three months ended				Six months ended
	November 30,				November 30,
	2022		2021		2022		2021
Revenues
Children's Book Publishing and Distribution	$	418.3	$	352.5	$	543.0	$	468.3
Education Solutions		80.0		79.5		153.2		159.6
International		89.6		92.2		154.6		156.1
Total	$	587.9	$	524.2	$	850.8	$	784.0
Operating income (loss)
Children's Book Publishing and Distribution	$	113.2	$	85.2	$	83.1	$	63.5
Education Solutions		7.0		15.6		2.7		22.9
International		6.7		8.7		3.2		7.0
Overhead (1)		(26.8)		(26.1)		(47.0)		(42.0)
Total	$	100.1	$	83.4	$	42.0	$	51.4
(1) Overhead includes all domestic corporate amounts not allocated to segments, including expenses and costs related to the management of corporate assets.