Segment Information (Tables)

3 Months Ended

Aug. 31, 2019

Schedule of Segment Reporting Information, by Segment



	Children’s Book Publishing & Distribution		Education		Overhead ⁽¹⁾		Total Domestic		International		Total
Three months ended August 31, 2019
Revenues	$109.6		$48.4		$0.0		$158.0		$74.6		$232.6
Bad debt expense	0.5		0.0		—		0.5		1.1		1.6
Depreciation and amortization ⁽²⁾	6.7		3.1		11.0		20.8		1.7		22.5
Segment operating income (loss)	(41.7	)	(13.4	)	(28.6	)	(83.7	)	(3.7	)	(87.4	)
Segment assets at August 31, 2019	651.9		198.7		808.4		1,659.0		285.6		1,944.6
Goodwill at August 31, 2019	46.8		68.2		—		115.0		10.0		125.0
Expenditures for other noncurrent assets⁽³⁾	14.0		4.6		6.9		25.5		7.6		33.1
Other noncurrent assets at August 31, 2019 ⁽³⁾	219.2		120.0		520.0		859.2		93.0		952.2
Three months ended August 31, 2018
Revenues	$95.7		$47.9		$0.0		$143.6		$74.8		$218.4
Bad debt expense	0.8		0.0		—		0.8		0.6		1.4
Depreciation and amortization ⁽²⁾	5.7		2.0		9.9		17.6		1.6		19.2
Segment operating income (loss)	(46.0	)	(14.9	)	(20.9	)	(81.8	)	(2.0	)	(83.8	)
Segment assets at August 31, 2018	554.6		182.9		884.2		1,621.7		277.9		1,899.6
Goodwill at August 31, 2018	40.9		68.2		—		109.1		10.0		119.1
Expenditures for other noncurrent assets ⁽³⁾	10.8		5.1		25.5		41.4		4.3		45.7
Other noncurrent assets at August 31, 2018 ⁽³⁾	151.5		106.9		499.7		758.1		76.2		834.3

(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, its facility located in Connecticut and certain technology assets.


(2)	Includes depreciation of property, plant and equipment and amortization of intangible assets and prepublication and production costs.

(3)

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 $5.7 and $2.8 for the three months ended August 31, 2019 and August 31, 2018, respectively. Other noncurrent assets for the International reportable segment include long-lived assets of $64.5 and $37.0 as of August 31, 2019 and August 31, 2018, respectively.