Segment Information (Tables)

9 Months Ended

Feb. 28, 2021

Schedule of Segment Reporting Information, by Segment


	Children’s Book Publishing & Distribution		Education		Overhead (1)		Total Domestic		International		Total
Three months ended February 28, 2021
Revenues	$	141.3	$	66.3	$	—	$	207.6	$	69.9	$	277.5
Bad debt expense		(0.5)		0.3		—		(0.2)		0.1		(0.1)
Depreciation and amortization (2)		6.2		3.1		11.2		20.5		1.7		22.2
Asset impairments and write downs		2.4		—		8.5		10.9		—		10.9
Segment operating income (loss)		(6.6)		10.1		(26.6)		(23.1)		(1.1)		(24.2)


Expenditures for other noncurrent assets (3)		9.3		3.7		8.8		21.8		2.5		24.3

Three months ended February 29, 2020
Revenues	$	220.2	$	74.3	$	—	$	294.5	$	78.8	$	373.3
Bad debt expense		1.2		0.7		—		1.9		1.1		3.0
Depreciation and amortization (2)		6.7		3.3		10.8		20.8		1.9		22.7
Asset impairments and write downs		—		—		40.0		40.0		—		40.0
Segment operating income (loss)		2.2		9.8		(68.3)		(56.3)		(3.7)		(60.0)


Expenditures for other noncurrent assets (3)		11.5		5.4		19.4		36.3		5.4		41.7

The following table sets forth information for the Company's segments for the fiscal periods ended February 28, 2021 and February 29, 2020:


	Children’s Book Publishing & Distribution		Education		Overhead (1)		Total Domestic		International		Total
Nine months ended February 28, 2021
Revenues	$	472.5	$	187.4	$	—	$	659.9	$	239.0	$	898.9
Bad debt expense		(0.4)		1.7		—		1.3		2.1		3.4
Depreciation and amortization (2)		19.4		9.5		34.6		63.5		4.8		68.3
Asset impairments and write downs		2.4		—		8.5		10.9		—		10.9
Segment operating income (loss)		1.9		19.8		(77.4)		(55.7)		23.3		(32.4)
Segment assets at February 28, 2021		562.0		206.8		953.3		1,722.1		312.9		2,035.0
Goodwill at February 28, 2021		47.6		68.3		—		115.9		10.1		126.0
Expenditures for other noncurrent assets (3)		31.0		10.0		27.7		68.7		9.1		77.8
Other noncurrent assets at February 28, 2021		168.7		124.1		482.9		775.7		88.3		864.0

Nine months ended February 29, 2020
Revenues	$	743.4	$	192.6	$	—	$	936.0	$	267.1	$	1,203.1
Bad debt expense		2.8		1.5		—		4.3		3.0		7.3
Depreciation and amortization (2)		19.9		9.8		32.7		62.4		5.4		67.8
Asset impairments and write downs		—		—		40.0		40.0		—		40.0
Segment operating income (loss)		70.1		2.6		(119.3)		(46.6)		4.3		(42.3)
Segment assets at February 29, 2020		594.1		208.5		853.9		1,656.5		291.9		1,948.4
Goodwill at February 29, 2020		47.1		68.2		—		115.3		10.0		125.3
Expenditures for other noncurrent assets (3)		40.2		15.0		37.6		92.8		18.1		110.9
Other noncurrent assets at February 29, 2020		183.0		123.1		499.1		805.2		76.6		881.8

(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, deferred financing 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 $1.4 and $4.3 for the three months ended February 28, 2021 and February 29, 2020, respectively, and $4.9 and $14.2 for the nine months ended February 28, 2021 and February 29, 2020. Other noncurrent assets for the International segment include long-lived assets of $46.5 and $44.1 as of February 28, 2021 and February 29, 2020, respectively.