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Goodwill and Other Intangibles
 6 Months Ended
Nov. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles GOODWILL AND OTHER INTANGIBLES
The Company assesses goodwill and other intangible assets with indefinite lives for impairment annually or more frequently if indicators arise. The Company monitors impairment indicators in light of changes in market conditions, near and long-term demand for the Company’s products and other relevant factors.
The following table summarizes the activity in Goodwill for the periods indicated: 
November 30, 2024May 31, 2024November 30, 2023
Gross beginning balance$172.4 $172.3 $172.3 
Accumulated impairment(39.6)(39.6)(39.6)
Beginning balance$132.8 $132.7 $132.7 
Additions70.1 — — 
Measurement period adjustments (1)
0.9 — — 
Foreign currency translation(1.6)0.1 0.1 
Ending balance $202.2 $132.8 $132.8 
(1) Measurement period adjustments for the 9 Story acquisition reflect an increase to goodwill of $0.9 resulting from a net decrease in the estimated fair value of the net assets acquired. The decrease in the estimated fair value of the net assets acquired consisted of an increase to deferred tax liabilities of $1.4, an increase to operating lease right-of-use assets of $0.3, a decrease to lease liabilities of $0.1, and a decrease to the purchase price as a result of a working capital adjustment of $0.1.

In fiscal 2025, the Company completed the 9 Story acquisition which resulted in the recognition of $71.0 of Goodwill, net of measurement period adjustments, included in the Entertainment segment. Refer to Note 7, "Acquisitions", for further details regarding the acquisition.

There were no impairment charges related to Goodwill in any of the periods presented.

The following table summarizes the activity in Other intangible assets for the periods indicated:
November 30, 2024May 31, 2024November 30, 2023
Beginning balance - Other intangibles subject to amortization$8.2 $7.8 $7.8 
Additions 85.3 6.0 5.8 
Amortization expense(5.4)(2.6)(1.2)
Foreign currency translation(1.6)0.1 0.0 
Impairments— (3.1)— 
Total other intangibles subject to amortization, net of accumulated amortization of $44.5, $39.1 and $37.7, respectively
$86.5 $8.2 $12.4 
Total other intangibles not subject to amortization$2.1 $2.1 $2.1 
Total other intangible assets, net
$88.6 $10.3 $14.5 

In fiscal 2025, the Company completed the 9 Story acquisition which resulted in the recognition of $85.3 of amortizable intangible assets. Refer to Note 7, "Acquisitions", for further details regarding the acquisition.

In fiscal 2024, the Company acquired certain amortizable intangible assets related to educational programs for $5.8 and certain amortizable intangible assets of a U.S.- based children's book publishing business for $0.2. These intangible assets are amortized over the estimated useful life of 8 years and 5 years, respectively.

In fiscal 2023, the Company acquired Learning Ovations, Inc., a U.S.-based education technology business, which resulted in the recognition of $4.1 of amortizable intangible assets. During fiscal 2024, the Company assessed the recoverability of these assets as impacted by the shift to the science of reading based approach to literacy instruction within the education market. An asset impairment of $3.1 was recognized in the fourth quarter of fiscal 2024.

Other intangible assets with indefinite lives consist principally of trademark and trade name rights. Other intangible assets with definite lives consist principally of customer lists, customer contracts/relationships, intellectual property, trade names and internally developed software. Intangible assets with definite lives are amortized over their estimated useful lives. The weighted-average remaining useful lives of all amortizable intangible assets is approximately 8.8 years.

There were no impairment charges related to Other intangible assets in the six months ended November 30, 2024 and November 30, 2023.