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Revenues (Tables)
 12 Months Ended
May 31, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table presents the Company’s segment revenues disaggregated by region and domestic channel during the year ended May 31:
202420232022
Book Clubs - U.S.$62.7 $117.8 $126.4 
Book Fairs - U.S.541.6 553.1 429.7 
Trade - U.S.300.6 325.8 344.0 
Trade - International (1)
50.3 41.3 46.4 
Total Children's Book Publishing and Distribution955.2 1,038.0 946.5 
Education Solutions - U.S.351.2 386.6 393.6 
Total Education Solutions351.2 386.6 393.6 
International - Major Markets (2)
228.6 229.7 237.1 
International - Other Markets (3)
45.0 49.7 65.7 
Total International273.6 279.4 302.8 
Total Revenues (4)
$1,580.0 $1,704.0 $1,642.9 
(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 $1,589.7 for fiscal year ended May 31, 2024 included rental income of $9.7 related to leased space in the Company's headquarters which was not allocated to a segment. Rental income of $7.1 and $6.1 was recognized as a reduction to Selling, general and administrative expenses for fiscal years ended May 31, 2023 and 2022, respectively.
Deferred Revenue, by Arrangement, Disclosure
The following table presents further detail regarding the Company's contract liabilities balance for the years ended May 31:

20242023
Book fairs incentive credits$114.2 $110.8 
Magazines+ subscriptions4.6 5.0 
U.S. digital subscriptions15.6 22.8 
U.S. education-related (1)
10.1 9.8 
Stored value programs16.7 12.4 
Other (2)
6.4 8.3 
Total contract liabilities$167.6 $169.1 
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 Consolidated Balance Sheets:
Allowance for Credit Losses
Balance as of June 1, 2023$16.7 
Current period provision5.2 
Write-offs and other (7.0)
Balance as of May 31, 2024
$14.9