Segment Information (Tables)

12 Months Ended

May 31, 2018

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		Education		Overhead ⁽¹⁾			Total Domestic		International		Total
2018
Revenues	$	961.5	$	297.3	$	—		$	1,258.8	$	369.6	$	1,628.4
Bad debts	4.4		1.4		—			5.8		3.7		9.5
Depreciation and amortization⁽²⁾	21.7		9.0		28.8			59.5		6.2		65.7
Asset impairments	0.2		—		11.0			11.2		—		11.2
Segment operating income (loss)	105.6		34.1		(101.8		)	37.9		17.7		55.6
Segment assets at May 31, 2018	426.6		210.6		927.9			1,565.1		260.3		1,825.4
Goodwill at May 31, 2018	40.9		68.3		—			109.2		10.0		119.2
Expenditures for other non-current assets⁽³⁾	57.4		20.4		104.5			182.3		15.3		197.6
Other non-current assets at May 31, 2018⁽³⁾	148.2		104.8		492.7			745.7		74.3		820.0
2017
Revenues	$	1,052.1	$	312.7	$	—		$	1,364.8	$	376.8	$	1,741.6
Bad debts	4.2		1.1		—			5.3		5.7		11.0
Depreciation and amortization⁽²⁾	22.5		8.5		23.6			54.6		7.4		62.0
Asset impairments	—		1.1		5.7			6.8		—		6.8
Segment operating income (loss)	143.1		50.7		(124.3		)	69.5		19.7		89.2
Segment assets at May 31, 2017	395.7		200.6		922.2			1,518.5		241.5		1,760.0
Goodwill at May 31, 2017	40.9		68.0		—			108.9		10.0		118.9
Expenditures for other non-current assets⁽³⁾	63.6		21.8		54.5			139.9		11.5		151.4
Other non-current assets at May 31, 2017⁽³⁾	140.2		93.9		418.2			652.3		67.1		719.4
2016
Revenues	$	1,000.9	$	299.7	$	—		$	1,300.6	$	372.2	$	1,672.8
Bad debts	5.6		1.8		—			7.4		4.9		12.3
Depreciation and amortization⁽²⁾	26.5		11.8		19.0			57.3		8.0		65.3
Asset impairments	—		6.9		7.5			14.4		—		14.4
Segment operating income (loss)	120.6		42.8		(104.2		)	59.2		12.5		71.7
Segment assets at May 31, 2016	394.4		172.8		898.0			1,465.2		247.4		1,712.6
Goodwill at May 31, 2016	40.9		65.4		—			106.3		9.9		116.2
Expenditures for other non-current assets⁽³⁾	46.3		9.1		26.6			82.0		13.8		95.8
Other non-current assets at May 31, 2016⁽³⁾	144.4		82.6		379.2			606.2		66.6		672.8

(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.