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Revenues (Tables)
 9 Months Ended
Feb. 29, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the Company’s segment revenues disaggregated by region and domestic channel:

Three months endedNine months ended
February 29,February 28,February 29,February 28,
2024202320242023
Book Clubs - U.S.$13.3 $27.7 $48.3 $91.6 
Book Fairs - U.S.102.7 103.5 372.1 372.6 
Trade - U.S.70.0 64.8 233.5 248.9 
Trade - International (1)
7.6 8.0 35.3 33.9 
Total Children's Book Publishing and Distribution$193.6 $204.0 $689.2 $747.0 
Education Solutions - U.S.$68.5 $70.0 $215.5 $223.2 
Total Education Solutions$68.5 $70.0 $215.5 $223.2 
International - Major Markets (2)
$48.0 $41.3 $171.2 $171.8 
International - Other Markets (3)
11.1 9.6 31.6 33.7 
Total International$59.1 $50.9 $202.8 $205.5 
Total (4)
$321.2 $324.9 $1,107.5 $1,175.7 
(1) Primarily includes foreign rights and certain product sales in the UK.
(2) Includes Canada, UK, Australia and New Zealand.
(3) Primarily includes markets in Asia.
(4) Total revenues of $323.7 and $1,114.8 for the three and nine months ended February 29, 2024, respectively, included rental income of $2.5 and $7.3, respectively, related to leased space in the Company's headquarters which was not allocated to a segment. Rental income of $1.5 and $4.6 for the three and nine months ended February 28, 2023, respectively, was recognized as a reduction to Selling, general and administrative expenses.
Deferred Revenue, by Arrangement, Disclosure
The following table presents further detail regarding the Company's contract liabilities as of the dates indicated:

February 29, 2024May 31, 2023February 28, 2023
Book fairs incentive credits$109.9 $110.8 $105.2 
Magazines+ subscriptions30.5 5.0 30.7 
U.S. digital subscriptions16.8 22.8 25.2 
U.S. education-related (1)
10.6 9.8 13.5 
Media-related0.1 0.0 4.4 
Stored value programs
20.1 12.4 14.8 
Other (2)
12.1 8.3 9.2 
Total contract liabilities$200.1 $169.1 $203.0 
(1) Primarily includes contract liabilities related to contracts with school districts and professional services.
(2) Primarily includes contract liabilities related to various international products and services.
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 Condensed Consolidated Balance Sheets:

Allowance for Credit Losses
Balance as of June 1, 2023$16.7 
Provision (benefit)0.6 
Write-offs and other(0.2)
Balance as of August 31, 2023$17.1 
Provision (benefit)2.5 
Write-offs and other(3.4)
Balance as of November 30, 2023$16.2 
Provision (benefit)0.9 
Write-offs and other(1.5)
Balance as of February 29, 2024$15.6