Segment Information (Tables)

6 Months Ended

Nov. 30, 2019

Schedule of Segment Reporting Information, by Segment



	Children’s Book Publishing & Distribution	Education	Overhead ⁽¹⁾	Total Domestic	International	Total
Three months ended November 30, 2019
Revenues	$413.6	$69.9	$0.0	$483.5	$113.7	$597.2
Bad debt expense	1.1	0.8	—	1.9	0.8	2.7
Depreciation and amortization ⁽²⁾	6.5	3.4	10.9	20.8	1.8	22.6
Segment operating income (loss)	109.6	6.2	(22.4)	93.4	11.7	105.1
Expenditures for other noncurrent assets⁽³⁾	14.7	5.0	10.6	30.3	5.8	36.1
Three months ended November 30, 2018
Revenues	$417.9	$71.5	$0.0	$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 ⁽³⁾	20.2	5.0	15.1	40.3	3.1	43.4

The following table sets forth information for the Company's segments for the fiscal periods ended November 30, 2019 and 2018:



	Children’s Book Publishing & Distribution	Education		Overhead ⁽¹⁾		Total Domestic	International	Total
Six months ended November 30, 2019
Revenues	$523.2	$118.3		$0.0		$641.5	$188.3	$829.8
Bad debt expense	1.6	0.8		—		2.4	1.9	4.3
Depreciation and amortization ⁽²⁾	13.2	6.5		21.9		41.6	3.5	45.1
Segment operating income (loss)	67.9	(7.2	)	(51.0	)	9.7	8.0	17.7
Segment assets at November 30, 2019	674.6	196.1		846.8		1,717.5	314.2	2,031.7
Goodwill at November 30, 2019	47.2	68.2		—		115.4	10.0	125.4
Expenditures for other noncurrent assets⁽³⁾	28.7	9.6		18.2		56.5	12.7	69.2
Other noncurrent assets at November 30, 2019 ⁽³⁾	$219.6	$122.4		$514.3		$856.3	$98.6	$954.9

Six months ended November 30, 2018
Revenues	$513.6	$119.4		$0.0		$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 ⁽³⁾	31.0	10.1		40.6		81.7	7.4	89.1
Other noncurrent assets at November 30, 2018 ⁽³⁾	$164.1	$109.6		$499.8		$773.5	$78.0	$851.5

(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 segment include expenditures for long-lived assets of $4.2 and $1.6 for the three months ended November 30, 2019 and 2018, respectively, and $9.9 and $4.4 for the six months ended November 30, 2019 and 2018, respectively. Other noncurrent assets for the International segment include long-lived assets of $66.8 and $36.5 as of November 30, 2019 and 2018, respectively.