Segment Information (Tables)

12 Months Ended

May 31, 2024

Segment Reporting [Abstract]

Schedule of segment reporting information by segment

The following tables set forth information for the Company’s segments for the three fiscal years ended May 31:

	2024		2023		2022
Revenues
Children's Book Publishing and Distribution	$	955.2	$	1,038.0	$	946.5
Education Solutions		351.2		386.6		393.6
International		273.6		279.4		302.8
Total (1)	$	1,580.0	$	1,704.0	$	1,642.9
Operating income (loss)
Children's Book Publishing and Distribution	$	112.1	$	143.4	$	115.3
Education Solutions		15.8		58.4		81.8
International		(6.9)		(3.6)		3.3
Overhead (2)		(106.5)		(91.9)		(103.0)
Total	$	14.5	$	106.3	$	97.4
Depreciation and amortization (3)
Children's Book Publishing and Distribution	$	22.5	$	22.9	$	24.9
Education Solutions		23.6		20.2		15.1
International		5.3		5.1		6.2
Overhead (2)		41.8		41.5		45.1
Total	$	93.2	$	89.7	$	91.3
Segment assets at May 31
Children's Book Publishing and Distribution	$	565.1	$	599.9	$	559.4
Education Solutions		242.0		290.8		289.4
International		256.0		260.0		258.3
Overhead (2)		608.1		716.0		833.7
Total	$	1,671.2	$	1,866.7	$	1,940.8
(1) 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.
(2) Overhead includes all domestic corporate amounts not allocated to segments, including expenses and costs related to the management of corporate assets.
(3) Includes depreciation of property, plant and equipment, amortization of intangible assets and prepublication, deferred financing and cloud computing costs.