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Revenues (Tables)
6 Months Ended
Nov. 30, 2025
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 endedSix months ended
November 30,November 30,November 30,November 30,
2025202420252024
Book Clubs - U.S.$28.5 $33.2 $30.3 $35.9 
Book Fairs - U.S.242.0 231.0 276.1 259.8 
Trade - U.S.102.9 91.0 164.1 149.2 
Trade - International (1)
7.5 11.8 19.8 27.5 
Total Children's Book Publishing and Distribution$380.9 $367.0 $490.3 $472.4 
Education Solutions - U.S.$62.2 $71.2 $102.3 $126.9 
Total Education Solutions$62.2 $71.2 $102.3 $126.9 
Entertainment - U.S.$1.6 $1.3 $3.0 $2.9 
Entertainment - International (2)
13.5 15.5 25.7 30.5 
Total Entertainment$15.1 $16.8 $28.7 $33.4 
International - Major Markets (3)
$78.3 $75.6 $127.2 $123.7 
International - Other Markets (4)
11.2 11.1 21.7 19.8 
Total International$89.5 $86.7 $148.9 $143.5 
Overhead (5)
$3.4 $2.9 $6.5 $5.6 
Total Overhead$3.4 $2.9 $6.5 $5.6 
Total Revenues$551.1 $544.6 $776.7 $781.8 
(1) Primarily includes foreign rights and certain product sales in the UK.
(2) Primarily includes production, distribution and licensing revenues in Canada, Ireland and Indonesia.
(3) Includes Canada, UK, Australia and New Zealand.
(4) Primarily includes markets in Asia.
(5) Overhead includes rental income related to leased space in the Company's headquarters.
Deferred Revenue, by Arrangement, Disclosure
The following table presents further detail regarding the Company's contract liabilities as of the dates indicated:

November 30, 2025May 31, 2025November 30, 2024
Book fairs incentive credits$124.2 $122.1 $120.8 
Magazines+ subscriptions
43.2 3.9 48.3 
U.S. digital subscriptions10.5 11.1 17.9 
U.S. education-related (1)
6.6 7.5 9.5 
Entertainment-related (2)
12.4 8.2 7.7 
Stored value programs27.1 22.4 21.0 
Other (3)
6.5 7.8 5.7 
Total contract liabilities$230.5 $183.0 $230.9 
(1) Primarily relates to contracts with school districts and professional services.
(2) Primarily relates to contracts for film and TV productions and production services.
(3) Primarily relates to contracts for 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, 2025$11.0 
Provision (benefit)0.7 
Write-offs and other(0.8)
Balance as of August 31, 2025$10.9 
Provision (benefit)3.1 
Write-offs and other(2.3)
Balance as of November 30, 2025$11.7