Segment Information (Tables)

6 Months Ended

Nov. 30, 2020

Schedule of Segment Reporting Information, by Segment


	Children’s Book Publishing & Distribution		Education		Overhead (1)		Total Domestic		International		Total
Three months ended November 30, 2020
Revenues	$	240.3	$	67.5	$	—	$	307.8	$	98.4	$	406.2
Bad debt expense		(0.1)		1.3		—		1.2		0.9		2.1
Depreciation and amortization (2)		6.6		3.3		11.9		21.8		1.6		23.4

Segment operating income (loss)		37.7		11.9		(20.0)		29.6		19.2		48.8


Expenditures for other noncurrent assets (3)		9.6		3.2		8.1		20.9		3.1		24.0

Three months ended November 30, 2019
Revenues	$	413.6	$	69.9	$	—	$	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

The following table sets forth information for the Company's segments for the fiscal periods ended November 30, 2020 and November 30, 2019:


	Children’s Book Publishing & Distribution		Education		Overhead (1)		Total Domestic		International		Total
Six months ended November 30, 2020
Revenues	$	331.2	$	121.1	$	—	$	452.3	$	169.1	$	621.4
Bad debt expense		0.1		1.4		—		1.5		2.0		3.5
Depreciation and amortization (2)		13.2		6.4		23.4		43.0		3.1		46.1

Segment operating income (loss)		8.5		9.7		(50.8)		(32.6)		24.4		(8.2)
Segment assets at November 30, 2020		607.1		212.8		957.4		1,777.3		329.6		2,106.9
Goodwill at November 30, 2020		47.3		68.2		—		115.5		10.1		125.6
Expenditures for other noncurrent assets (3)		21.7		6.3		18.9		46.9		6.6		53.5
Other non-current assets at November 30, 2020 (3)		171.0		123.7		487.2		781.9		86.4		868.3

Six months ended November 30, 2019
Revenues	$	523.2	$	118.3	$	—	$	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 non-current assets at November 30, 2019 (3)		219.6		122.4		514.3		856.3		98.6		954.9

(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 $1.5 and $4.2 for the three months ended November 30, 2020 and 2019, respectively, and $3.5 and $9.9 for the six months ended November 30, 2020 and 2019. Other noncurrent assets for the International segment include long-lived assets of $46.6 and $66.8 as of November 30, 2020 and 2019, respectively.