Segment Information (Tables)

6 Months Ended

Nov. 30, 2017

Schedule of Segment Reporting Information, by Segment



	Children’s Book Publishing & Distribution		Education		Overhead^{(1) (3)}			Total Domestic		International		Total
Three months ended November 30, 2017
Revenues	$	411.8	$	70.9	$	—		$	482.7	$	115.6	$	598.3
Bad debt	2.2		1.1		—			3.3		1.0		4.3
Depreciation and amortization ⁽²⁾	5.2		2.1		6.9			14.2		1.7		15.9
Segment operating income (loss)	115.1		3.8		(26.4		)	92.5		14.7		107.2
Expenditures for other non-current assets⁽⁴⁾	17.8		5.0		17.9			40.7		2.9		43.6
Three months ended November 30, 2016
Revenues	$	432.5	$	71.1	$	—		$	503.6	$	119.5	$	623.1
Bad debt	1.9		0.6		—			2.5		2.3		4.8
Depreciation and amortization ⁽²⁾	5.7		2.1		5.7			13.5		2.0		15.5
Segment operating income (loss)	121.1		8.7		(34.4		)	95.4		16.7		112.1
Expenditures for other non-current assets ⁽⁴⁾	11.4		2.4		6.1			19.9		3.2		23.1



	Children’s Book Publishing & Distribution		Education			Overhead ^{(1) (3)}			Total Domestic			International		Total
Six months ended November 30, 2017
Revenues	$	478.6	$	115.9		$	—		$	594.5		$	193.0	$	787.5
Bad debt expense	2.7		1.0			—			3.7			2.5		6.2
Depreciation and amortization ⁽²⁾	10.4		4.3			13.2			27.9			3.4		31.3
Asset impairments	—		—			6.7			6.7			—		6.7
Segment operating income (loss)	56.2		(8.7		)	(54.0		)	(6.5		)	11.9		5.4
Segment assets at November 30, 2017	544.2		183.4			906.9			1,634.5			273.8		1,908.3
Goodwill at November 30, 2017	40.9		68.2			—			109.1			10.0		119.1
Expenditures for other non-current assets⁽⁴⁾	27.7		7.5			48.7			83.9			5.0		88.9
Other non-current assets at November 30, 2017 ⁽⁴⁾	145.1		97.0			456.2			698.3			70.4		768.7
Six months ended November 30, 2016
Revenues	$	570.3	$	126.3		$	—		$	696.6		$	209.2	$	905.8
Bad debt expense	3.2		0.5			—			3.7			4.0		7.7
Depreciation and amortization ⁽²⁾	11.3		4.1			11.4			26.8			4.0		30.8
Segment operating income (loss)	84.9		4.3			(60.5		)	28.7			20.9		49.6
Segment assets at November 30, 2016	552.1		164.5			918.5			1,635.1			272.0		1,907.1
Goodwill at November 30, 2016	40.9		65.4			—			106.3			9.9		116.2
Expenditures for other non-current assets⁽⁴⁾	37.3		5.0			14.6			56.9			6.0		62.9
Other non-current assets at November 30, 2016 ⁽⁴⁾	142.4		83.0			389.5			614.9			66.3		681.2

(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 and prepublication and production costs.


(3)	Includes a pre tax charge of $15.4 for a partial settlement of the Company's U.S Pension Plan for the three and six months ended November 30, 2017.

(4)

Other non-current assets include property, plant and equipment, prepublication, production, royalty advances, goodwill, intangible assets and investments. Expenditures for other non-current assets for the International reportable segment include expenditures for long-lived assets of $1.7 and $2.0 for the three months and $3.0 and $3.3 for the six months ended November 30, 2017 and November 30, 2016, respectively. Other non-current assets for the International reportable segment include long-lived assets of $33.4 and $33.3 as of November 30, 2017 and November 30, 2016, respectively.