v3.26.3
Segment Information (Tables)
 3 Months Ended
Aug. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting
Three months ended August 31, 2026
Children's Book Publishing and DistributionEducationEntertainmentInternational
Overhead (1)
Consolidated
Revenues$105.8 $30.4 $20.1 $60.5 $— $216.8 
Cost of goods sold (2)
55.4 14.8 12.0 36.1 (0.2)118.1 
Selling, general and administrative expenses (2)
83.3 36.3 6.8 25.9 26.0 178.3 
Depreciation and amortization5.3 2.6 3.1 1.4 0.2 12.6 
Operating income (loss)$(38.2)$(23.3)$(1.8)$(2.9)$(26.0)$(92.2)
Interest income (expense), net (1.6)
Other components of net periodic benefit (cost) 0.1 
Earnings (loss) before income taxes$(93.7)
Other segment disclosures:
Segment assets$620.8 
$
188.5 
$
245.6 
$
246.6 
$
423.8 
$
1,725.3 
Long-lived asset additions4.8 — 0.8 3.2 2.0 10.8 
(1) Overhead includes all domestic corporate amounts not allocated to segments, including expenses and costs related to the management of corporate assets.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
Three months ended August 31, 2025
Children's Book Publishing and DistributionEducationEntertainmentInternational
Overhead (1)
Consolidated
Revenues$109.4 $40.1 $13.6 $59.4 $3.1 $225.6 
Cost of goods sold (2)
62.2 19.3 8.1 35.4 (1.5)123.5 
Selling, general and administrative expenses (2)(3)
76.1 39.3 6.4 26.8 28.6 177.2 
Depreciation and amortization5.4 2.7 3.1 1.4 3.7 16.3 
Other segment items (4)
0.8 — — — — 0.8 
Operating income (Loss)$(35.1)$(21.2)$(4.0)$(4.2)$(27.7)$(92.2)
Interest income (expense), net (4.5)
Other components of net periodic benefit (cost)(0.3)
Earnings (loss) before income taxes$(97.0)
Other segment disclosures:
Segment assets$634.7 $211.1 $255.5 $261.0 $592.3 $1,954.6 
Long-lived asset additions1.2 0.1 0.0 3.4 2.7 7.4 
(1) Overhead includes all domestic corporate amounts not allocated to segments, including expenses and costs related to the management of corporate assets and rental income related to leased space in the Company's headquarters. As a result of the sale-leaseback transactions completed during the third quarter of fiscal 2026, the Company no longer owns the leasable space.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(3) Selling, general and administrative expenses includes equity in the net income (loss) of investees accounted for by the equity method. A loss of less than $0.1 and loss of $0.1 was recognized in the Entertainment and International segments, respectively.
(4) Other segment items include asset impairments and write downs.
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue The following table presents geographic information for revenues for the periods indicated. Revenues are attributed to locations based on the origin of sale.
Three months ended August 31,
20262025
United States$131.9 $141.7 
International84.9 83.9 
Total Revenues$216.8 $225.6 
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Long-Lived Asset
The following table presents geographic information for long-lived assets as of the dates indicated. Long-lived assets consist of property, plant and equipment, net, excluding capitalized software.

August 31, 2026August 31, 2025
United States$94.6 $412.4 
International46.8 35.2 
Total Long-lived assets$141.4 $447.6