Property, Plant and Equipment

12 Months Ended

May 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT

The following table summarizes the major classes of assets at cost and accumulated depreciation for the fiscal years ended May 31:

	2018			2017
Land	$	78.9		$	77.5
Buildings	240.0			239.7
Capitalized software	158.7			202.0
Furniture, fixtures and equipment	215.5			224.7
Building and leasehold improvements	202.7			176.9
Total at cost	$	895.8		$	920.8
Less: Accumulated depreciation and amortization	(340.2		)	(445.5		)
Property, plant and equipment, net	$	555.6		$	475.3

Depreciation and amortization expense related to property, plant, and equipment was $41.8, $36.2 and $36.7 for the fiscal years ended May 31, 2018, 2017 and 2016, respectively. During the twelve months ended May 31, 2018, the Company capitalized $99.6 of building and leasehold improvements and capitalized software, including $59.3 not yet being depreciated. During the twelve months ended May 31, 2017, the Company capitalized $34.2 of building improvements which were not yet being depreciated at May 31, 2017.

In fiscal 2018, the Company recognized pretax impairment charges of $11.0 related to the abandonment of legacy building improvements and an impairment of $0.2 related to book fairs trucks. In fiscal 2017 the Company recognized a pretax impairment charge related to certain website development assets of $5.7. In fiscal 2016, the Company recognized a pretax impairment charge of $7.5 related to the abandonment of legacy building improvements.