Segment Information (Tables)

12 Months Ended

May 31, 2014

Schedule of segment reporting information by segment

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



	Children's Book Publishing & Distribution ⁽¹⁾		Educational Technology & Services		Classroom & Supplemental Materials Publishing		Media, Licensing & Advertising ⁽¹⁾			Overhead ^{(1) (2)}			Total Domestic		International		Total
2014
Revenues	$	873.5	$	248.7	$	229.6	$	56.2		$	—		$	1,408.0	$	414.3	$	1,822.3
Bad debts	2.6		0.9		1.6		0.1			—			5.2		3.0		8.2
Depreciation and amortization ⁽³⁾	31.9		28.0		10.5		5.3			39.0			114.7		7.1		121.8
Asset Impairments	28.0		—		—		—			—			28.0		—		28.0
Segment operating income (loss)	22.8		39.6		37.5		(0.7		)	(66.9		)	32.3		30.8		63.1
Segment assets at May 31, 2014	371.3		173.7		166.8		30.7			532.9			1,275.4		252.7		1,528.1
Goodwill at May 31, 2014	40.9		22.7		65.4		5.4			—			134.4		10.1		144.5
Expenditures for long-lived assets including royalty advances	43.4		30.7		10.2		8.1			269.6			362.0		11.7		373.7
Long-lived assets at May 31, 2014	135.3		119.0		90.1		14.1			406.1			764.6		63.6		828.2
2013
Revenues	$	846.9	$	227.7	$	218.0	$	58.7		$	—		$	1,351.3	$	441.1	$	1,792.4
Bad debts	1.8		1.1		1.4		0.1			—			4.4		2.4		6.8
Depreciation and amortization ⁽³⁾	31.5		22.7		9.4		3.0			41.6			108.2		7.2		115.4
Segment operating income (loss)	24.5		29.5		29.6		4.7			(60.2		)	28.1		39.8		67.9
Segment assets at May 31, 2013	407.5		170.8		168.6		26.9			402.1			1,175.9		264.7		1,440.6
Goodwill at May 31, 2013	54.3		22.7		65.4		5.4			—			147.8		10.1		157.9
Expenditures for long-lived assets including royalty advances	52.3		40.3		10.9		3.7			33.3			140.5		13.4		153.9
Long-lived assets at May 31, 2013	165.3		116.5		91.4		12.0			236.5			621.7		68.0		689.7
2012
Revenues	$	1,111.3	$	254.7	$	208.2	$	75.3		$	—		$	1,649.5	$	489.6	$	2,139.1
Bad debts	6.4		0.7		1.9		0.1			—			9.1		3.2		12.3
Depreciation and amortization ⁽³⁾	33.1		22.2		7.7		12.8			39.0			114.8		9.1		123.9
Asset Impairments	0.5		—		—		—			6.2			6.7		0.3		7.0
Segment operating income (loss)	152.2		49.2		18.3		(4.9		)	(87.1		)	127.7		57.6		185.3
Segment assets at May 31, 2012	543.5		168.5		163.6		38.1			438.6			1,352.3		310.3		1,662.6
Goodwill at May 31, 2012	54.3		22.7		65.4		5.4			—			147.8		9.9		157.7
Expenditures for long-lived assets including royalty advances	44.4		26.2		17.9		6.3			37.9			132.7		13.2		145.9
Long-lived assets at May 31, 2012	167.5		101.1		90.3		11.6			246.7			617.2		67.1		684.3


(1)	As discussed in Note 3, “Discontinued Operations,” the Company closed or sold several operations during the first quarter of fiscal 2012 and the fourth quarter of fiscal 2013. All of these businesses are classified as discontinued operations in the Company’s financial statements and, as such, are not reflected in this table.

(2)

Overhead includes all domestic corporate amounts not allocated to segments, including expenses and costs related to the management of corporate assets. Unallocated assets are principally comprised of deferred income taxes and property, plant and equipment related to the Company’s headquarters in the metropolitan New York area, its fulfillment and distribution facilities located in Missouri and its facility located in Connecticut. Overhead also includes amounts previously allocated to the Media, Licensing and Advertising segment for the Company’s direct-to-home toy catalog business that was discontinued in the first quarter of fiscal 2012 and amounts previously allocated to the Children’s Book Publishing and Distribution segment for the computer club business that was discontinued in the fourth quarter of fiscal 2013.


(3)	Includes depreciation of property, plant and equipment and amortization of intangible assets and prepublication and production costs.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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