Segment Information (Tables)

3 Months Ended

Aug. 31, 2020

Schedule of Segment Reporting Information, by Segment


	Children’s Book Publishing & Distribution			Education			Overhead ⁽¹⁾			Total Domestic		International	Total
Three months ended August 31, 2020
Revenues	$	90.9	$	53.6	$	—	$	144.5	$	70.7	$	215.2
Bad debt expense		0.2		0.1		—		0.3		1.1		1.4
Depreciation and amortization ⁽²⁾		6.6		3.1		11.5		21.2		1.5		22.7

Segment operating income (loss)		(29.2)		(2.2)		(30.8)		(62.2)		5.2		(57.0)
Segment assets at August 31, 2020		555.4		215.6		985.8		1,756.8		299.5		2,056.3
Goodwill at August 31, 2020		47.4		68.2		—		115.6		10.0		125.6
Expenditures for other noncurrent assets⁽³⁾		12.1		3.1		10.8		26.0		3.5		29.5
Other non-current assets at August 31, 2020 ⁽³⁾		172.6		123.9		491.1		787.6		81.5		869.1
Three months ended August 31, 2019
Revenues	$	109.6	$	48.4	$	—	$	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		7.6		26.2		6.9		33.1
Other non-current assets at August 31, 2019 ⁽³⁾		219.2		120.0		520.0		859.2		93.0		952.2

(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 certain technology assets.

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

(3) Other noncurrent assets include property, plant and equipment, prepublication assets, cloud computing costs, royalty advances, goodwill, intangible assets and investments. Expenditures for other noncurrent assets for the International segment include expenditures for long-lived assets of $2.0 and $5.7 for the three months ended August 31, 2020 and August 31, 2019, respectively. Other noncurrent assets for the International segment include long-lived assets of $46.7 and $64.5 as of August 31, 2020 and August 31, 2019, respectively.