Segment Information (Tables)

6 Months Ended

Nov. 30, 2018

Schedule of Segment Reporting Information, by Segment



	Children’s Book Publishing & Distribution		Education		Overhead ⁽¹⁾			Total Domestic		International		Total
Three months ended November 30, 2018
Revenues	$	417.9	$	71.5	$	—		$	489.4	$	115.3	$	604.7
Bad debt expense	1.6		0.7		—			2.3		0.4		2.7
Depreciation and amortization ⁽²⁾	5.9		2.1		10.8			18.8		1.8		20.6
Segment operating income (loss)	106.3		8.3		(29.4		)	85.2		13.0		98.2
Expenditures for other noncurrent assets⁽⁴⁾	20.2		5.0		15.1			40.3		3.1		43.4
Three months ended November 30, 2017
Revenues	$	413.7	$	69.0	$	—		$	482.7	$	115.6	$	598.3
Bad debt expense	2.2		1.1		—			3.3		1.0		4.3
Depreciation and amortization ⁽²⁾	5.6		1.7		6.9			14.2		1.7		15.9
Segment operating income (loss)	115.0		3.9		(26.4		)	92.5		14.7		107.2
Expenditures for other noncurrent assets ⁽⁴⁾	18.2		4.6		17.9			40.7		2.9		43.6



	Children’s Book Publishing & Distribution		Education			Overhead ⁽¹⁾			Total Domestic			International		Total
Six months ended November 30, 2018
Revenues	$	513.6	$	119.4		$	—		$	633.0		$	190.1	$	823.1
Bad debt expense	2.4		0.7			—			3.1			1.0		4.1
Depreciation and amortization ⁽²⁾	11.6		4.1			20.7			36.4			3.4		39.8
Segment operating income (loss)	60.3		(6.6		)	(50.3		)	3.4			11.0		14.4
Segment assets at November 30, 2018	622.4		175.9			990.6			1,788.9			293.0		2,081.9
Goodwill at November 30, 2018	40.9		68.2			—			109.1			10.0		119.1
Expenditures for other noncurrent assets⁽⁴⁾	31.0		10.1			40.6			81.7			7.4		89.1
Other noncurrent assets at November 30, 2018 ⁽⁴⁾	164.1		109.6			499.8			773.5			78.0		851.5
Six months ended November 30, 2017
Revenues	$	482.6	$	111.9		$	—		$	594.5		$	193.0	$	787.5
Bad debt expense	2.7		1.0			—			3.7			2.5		6.2
Depreciation and amortization ⁽²⁾	11.2		3.5			13.3			28.0			3.4		31.4
Asset impairments ⁽³⁾	—		—			6.7			6.7			—		6.7
Segment operating income (loss)	56.1		(8.6		)	(54.0		)	(6.5		)	11.9		5.4
Segment assets at November 30, 2017	553.4		174.2			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 noncurrent assets ⁽⁴⁾	28.2		7.0			48.7			83.9			5.0		88.9
Other noncurrent assets at November 30, 2017 ⁽⁴⁾	148.3		93.8			456.2			698.3			70.4		768.7

(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)	Impairment charges of $6.7 relate to the prior fiscal year abandonment of legacy building improvements in connection with the Company's renovation of its headquarters in New York City.

(4)

Other noncurrent assets include property, plant and equipment, prepublication assets, production assets, royalty advances, goodwill, intangible assets and investments. Expenditures for other noncurrent assets for the International reportable segment include expenditures for long-lived assets of $1.6 and $1.7 for the three months ended November 30, 2018 and November 30, 2017, respectively, and $4.4 and $3.0 for the six months ended November 30, 2018 and November 30, 2017, respectively. Other noncurrent assets for the International reportable segment include long-lived assets of $36.5 and $33.4 as of November 30, 2018 and November 30, 2017, respectively.