Investments

3 Months Ended

Feb. 28, 2013

Equity Method And Cost Method Investments [Text Block]

8. Investments

The following table summarizes the Company’s investments included in “Other assets and deferred charges” on the Company’s condensed consolidated balance sheets as of the dates indicated:

	February 28, 2013		May 31, 2012		February 29, 2012
Cost method investments:
UK - based	$	5.4	$	5.2	$	5.7
Total cost method investments	$	5.4	$	5.2	$	5.7
Equity method investments:
UK - based	$	15.2	$	15.4	$	14.0
U.S. - based		—		—		1.3
Total equity method investments	$	15.2	$	15.4	$	15.3
Total	$	20.6	$	20.6	$	21.0

The Company owns a non-controlling interest of 15.0% in a book distribution business located in the UK, which is accounted for as a cost-basis investment. The Company’s 26.2% non-controlling interest in a children’s book publishing business located in the UK is accounted for using the equity method of accounting. In the fourth quarter of fiscal 2012, the Company determined that its equity investment in a children’s television programming entity was other-than-temporarily impaired and it recognized an impairment loss of $1.3 in Selling, general and administrative expenses.

The following table summarizes the Company’s Income from equity method investments for the periods indicated:

		Nine months ended
	February 28, 2013		February 29, 2012
Total equity investment income	$	1.5	$	1.9