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Investments
6 Months Ended
Nov. 30, 2018
Equity Method And Cost Method Investments [Abstract]  
Investments
INVESTMENTS

Included in Other assets and deferred charges on the Company’s condensed consolidated balance sheets were investments of $34.3, $31.1 and $31.6 at November 30, 2018, May 31, 2018 and November 30, 2017, respectively.

The Company's 48.5% equity interest in Make Believe Ideas Limited ("MBI"), a UK-based children's book publishing company, is accounted for using the equity method of accounting. Under the purchase agreement, and subject to its provisions, the Company will likely purchase the remaining outstanding shares in MBI following the completion of MBI's accounts for the calendar year 2018 and subject to the provisions of the purchase agreement. The net carrying value of this investment was $12.3, $10.6 and $10.6 at November 30, 2018, May 31, 2018 and November 30, 2017, respectively. Equity method income from this investment is reported in the International segment.

The Company’s 26.2% non-controlling interest in a separate children’s book publishing business located in the UK is accounted for using the equity method of accounting. The net carrying value of this investment was $22.0, $20.5 and $21.0 at November 30, 2018, May 31, 2018 and November 30, 2017, respectively. Equity method income from this investment is reported in the International segment.

The Company has other equity and cost method investments that had a net carrying value of less than $0.1 for all periods presented.

Income from equity investments reported in Selling, general and administrative expenses in the condensed consolidated statements of operations totaled $2.5 and $1.5 for the three months ended November 30, 2018 and November 30, 2017, respectively, and $4.5 and $2.7 for the six months ended November 30, 2018 and November 30, 2017, respectively.