Segment Information (Tables)

9 Months Ended

Feb. 28, 2017

Schedule of Segment Reporting Information, by Segment



	Children’s Book Publishing & Distribution		Education			Overhead⁽¹⁾			Total Domestic			International			Total
Three months ended February 28, 2017
Revenues	$	199.0	$	60.1		$	—		$	259.1		$	77.1		$	336.2
Bad debt	0.1		0.4			—			0.5			1.1			1.6
Depreciation and amortization ⁽²⁾	5.3		2.1			6.0			13.4			1.6			15.0
Segment operating income (loss)	6.3		3.5			(29.5		)	(19.7		)	(3.9		)	(23.6		)
Expenditures for long-lived assets including royalty advances	14.9		2.8			13.9			31.6			2.5			34.1
Three months ended February 29, 2016
Revenues	$	219.8	$	63.9		$	—		$	283.7		$	82.3		$	366.0
Bad debt	1.3		0.5			—			1.8			1.3			3.1
Depreciation and amortization ⁽²⁾	6.0		3.1			5.0			14.1			1.9			16.0
Asset impairments ⁽³⁾	—		6.9			—			6.9			—			6.9
Segment operating income (loss)	8.2		(2.4		)	(20.5		)	(14.7		)	(1.7		)	(16.4		)
Expenditures for long-lived assets including royalty advances	11.3		3.1			6.9			21.3			2.3			23.6



	Children’s Book Publishing & Distribution		Education		Overhead ⁽¹⁾			Total Domestic		International		Total
Nine months ended February 28, 2017
Revenues	$	769.3	$	186.4	$	—		$	955.7	$	286.3	$	1,242.0
Bad debt expense	3.3		0.9		—			4.2		5.1		9.3
Depreciation and amortization ⁽²⁾	16.6		6.2		17.4			40.2		5.6		45.8
Segment operating income (loss)	91.2		7.8		(90.8		)	8.2		16.5		24.7
Segment assets at February 28, 2017	478.4		158.8		948.7			1,585.9		261.3		1,847.2
Goodwill at February 28, 2017	40.9		65.4		—			106.3		9.9		116.2
Expenditures for long-lived assets including royalty advances	52.2		7.8		28.5			88.5		8.5		97.0
Long-lived assets at February 28, 2017	146.9		83.7		398.6			629.2		66.4		695.6
Nine months ended February 29, 2016
Revenues	$	701.2	$	186.7	$	—		$	887.9	$	271.1	$	1,159.0
Bad debt expense	3.8		1.7		—			5.5		3.4		8.9
Depreciation and amortization ⁽²⁾	20.4		9.8		14.7			44.9		6.0		50.9
Asset impairments ⁽³⁾	—		6.9		—			6.9		—		6.9
Segment operating income (loss)	62.6		3.7		(64.2		)	2.1		7.1		9.2
Segment assets at February 29, 2016	471.4		153.4		879.1			1,503.9		256.2		1,760.1
Goodwill at February 29, 2016	40.9		65.4		—			106.3		9.9		116.2
Expenditures for long-lived assets including royalty advances	31.6		6.6		15.1			53.3		10.5		63.8
Long-lived assets at February 29, 2016	144.7		82.1		380.2			607.0		67.0		674.0

(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 and prepublication and production costs.