Segment Information (Tables)

6 Months Ended

Nov. 30, 2014

Schedule of Segment Reporting Information, by Segment



	Children’s Book Publishing and Distribution		Educational Technology and Services			Classroom and Supplemental Materials Publishing		Media, Licensing and Advertising			Overhead ⁽¹⁾			Total Domestic		International		Total
Three months ended November 30, 2014
Revenues	$	402.6	$	50.9		$	64.8	$	14.5		$	—		$	532.8	$	132.8	$	665.6
Bad debt expense	2.2		0.0			0.8		(0.1		)	—			2.9		1.3		4.2
Depreciation and amortization ⁽²⁾	8.2		7.8			2.9		1.9			5.5			26.3		2.1		28.4
Asset impairments ⁽³⁾	—		—			—		—			2.9			2.9		—		2.9
Segment operating income (loss)	108.3		(1.2		)	12.7		(0.7		)	(26.2		)	92.9		19.9		112.8
Expenditures for long-lived assets including royalty advances	9.7		7.5			1.5		1.6			2.9			23.2		3.6		26.8
Three months ended November 30, 2013
Revenues	$	352.1	$	60.9		$	60.9	$	13.7		$	—		$	487.6	$	135.6	$	623.2
Bad debt expense	1.0		0.0			0.6		0.1			—			1.7		0.8		$	2.5
Depreciation and amortization ⁽²⁾	7.8		7.6			2.5		0.5			10.5			28.9		1.6		$	30.5
Asset impairments ⁽³⁾	13.4		—			—		—			—			13.4		—		$	13.4
Segment operating income (loss)	68.9		6.9			11.6		(1.3		)	(13.6		)	72.5		22.2		$	94.7
Expenditures for long-lived assets including royalty advances	10.5		7.3			2.6		2.5			2.8			25.7		2.7		$	28.4



	Children’s Book Publishing and Distribution		Educational Technology and Services		Classroom and Supplemental Materials Publishing		Media, Licensing and Advertising			Overhead⁽¹⁾			Total Domestic		International		Total
Six months ended November 30, 2014
Revenues	$	457.3	$	140.3	$	107.6	$	25.1		$	—		$	730.3	$	219.1	$	949.4
Bad debt expense	2.8		0.3		0.8		0.1			—			4.0		2.5		6.5
Depreciation and amortization⁽²⁾	16.1		15.3		5.8		3.5			11.2			51.9		4.5		56.4
Asset impairments⁽³⁾	—		—		—		—			2.9			2.9		—		2.9
Segment operating income (loss)	47.8		29.1		11.8		(4.2		)	(43.1		)	41.4		18.0		59.4
Segment assets at 11/30/2014	494.9		169.3		154.4		28.6			522.9			1,370.1		280.6		1,650.7
Goodwill at 11/30/2014	40.9		22.7		65.4		5.4			—			134.4		10.1		144.5
Expenditures for long-lived assets including royalty advances	25.5		13.5		3.2		3.4			3.8			49.4		6.7		56.1
Long-lived assets at 11/30/2014	145.4		118.4		88.9		14.0			381.0			747.7		65.1		812.8
Six months ended November 30, 2013
Revenues	$	406.7	$	155.7	$	98.7	$	24.1		$	—		$	685.2	$	214.3	$	899.5
Bad debt expense	1.4		0.4		0.6		0.1			—			2.5		1.4		3.9
Depreciation and amortization⁽²⁾	15.8		13.9		5.1		1.1			20.5			56.4		3.3		59.7
Asset impairments⁽³⁾	13.4		—		—		—			—			13.4		—		13.4
Segment operating income (loss)	7.4		43.1		9.7		(2.9		)	(30.0		)	27.3		21.5		48.8
Segment assets at 11/30/2013	489.6		180.3		152.8		27.1			456.4			1,306.2		273.3		1,579.5
Goodwill at 11/30/2013	40.9		22.7		65.4		5.4			—			134.4		10.1		144.5
Expenditures for long-lived assets including royalty advances	21.9		15.8		4.6		3.6			8.0			53.9		5.2		59.1
Long-lived assets at 11/30/2013	149.6		118.2		90.3		14.1			228.7			600.9		67.3		668.2

(1)

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.


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


(3)	Includes an asset impairment related to the planned closure of a retail store in New York City in fiscal 2015 and an impairment of goodwill attributable to legacy acquisitions associated with the book club operations in the Children’s Book Publishing and Distribution segment in fiscal 2014.

- 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.

+ References+ Details