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Segment Information (Tables)

12 Months Ended

May 31, 2013

Segment Reporting Disclosure [Text Block]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following table sets forth information for the Company’s segments for the three fiscal years ended May 31:

	Children's Book Publishing & Distribution ⁽¹⁾		Educational Technology & Services ⁽¹⁾		Classroom & Supplemental Materials Publishing ^{(1) (2)}		Media, Licensing & Advertising ⁽¹⁾			Overhead ^{(1) (3)}			Total Domestic		International ^{(1) (4)}		Total

2013

Revenues	$	846.9	$	227.7	$	218.0	$	58.7		$	—		$	1,351.3	$	441.1	$	1,792.4
Bad debts		1.8		1.1		1.4		0.1			—			4.4		2.4		6.8
Depreciation and amortization ⁽⁵⁾		16.5		1.2		1.4		0.5			41.6			61.2		5.3		66.5
Amortization ⁽⁶⁾		15.0		21.5		8.0		2.5			—			47.0		1.9		48.9
Loss on leases and asset Impairments		—		—		—		—			—			—		—		—
Segment operating income (loss)		24.5		29.5		29.6		4.7			(60.2	)		28.1		39.8		67.9
Segment assets at May 31, 2013		407.5		170.8		168.6		26.9			402.1			1,175.9		264.7		1,440.6
Goodwill at May 31, 2013		54.3		22.7		65.4		5.4			—			147.8		10.1		157.9
Expenditures for long-lived assets including royalty advances		52.3		40.3		10.9		3.7			33.3			140.5		13.4		153.9
Long-lived assets at May 31, 2013		165.3		116.5		91.4		12.0			236.5			621.7		68.0		689.7

2012

Revenues	$	1,111.3	$	254.7	$	208.2	$	75.3		$	—		$	1,649.5	$	489.6	$	2,139.1
Bad debts		6.4		0.7		1.9		0.1			—			9.1		3.2		12.3
Depreciation and amortization ⁽⁵⁾		20.6		1.3		1.0		0.5			39.0			62.4		6.4		68.8
Amortization ⁽⁶⁾		12.5		20.9		6.7		12.3			—			52.4		2.7		55.1
Loss on leases and asset Impairments		0.5		—		—		—			6.2			6.7		0.3		7.0
Segment operating income (loss)		152.2		49.2		18.3		(4.9	)		(87.1	)		127.7		57.6		185.3
Segment assets at May 31, 2012		543.5		168.5		163.6		38.1			438.6			1,352.3		310.3		1,662.6
Goodwill at May 31, 2012		54.3		22.7		65.4		5.4			—			147.8		9.9		157.7
Expenditures for long-lived assets including royalty advances		44.4		26.2		17.9		6.3			37.9			132.7		13.2		145.9
Long-lived assets at May 31, 2012		167.5		101.1		90.3		11.6			246.7			617.2		67.1		684.3

2011

Revenues	$	922.0	$	230.8	$	197.2	$	82.7		$	—		$	1,432.7	$	444.9	$	1,877.6
Bad debts		8.7		0.7		1.2		0.2			—			10.8		2.8		13.6
Depreciation and amortization ⁽⁵⁾		15.6		1.3		1.3		0.7			35.6			54.5		5.6		60.1
Amortization ⁽⁶⁾		12.6		22.8		5.0		8.0			—			48.4		2.7		51.1
Loss on leases and asset Impairments		—		—		3.4		—			—			3.4		—		3.4
Segment operating income (loss)		77.3		38.0		13.6		3.5			(67.0	)		65.4		38.3		103.7
Segment assets at May 31, 2011		427.1		161.1		150.8		44.9			405.1			1,189.0		287.5		1,476.5
Goodwill at May 31, 2011		54.3		21.8		64.0		5.4			—			145.5		8.7		154.2
Expenditures for long-lived assets including royalty advances		40.4		35.7		9.1		9.4			56.3			150.9		11.8		162.7
Long-lived assets at May 31, 2011		175.9		97.6		80.2		20.1			249.0			622.8		71.2		694.0

(1)	As discussed in Note 3, “Discontinued Operations,” the Company closed or sold several operations during the first quarter of fiscal 2012 and the fourth quarter of fiscal 2013. All of these businesses are classified as discontinued operations in the Company’s financial statements and, as such, are not reflected in this table.

(2)	Includes assets and results of operations acquired in a business acquisition as of February 8, 2012.

(3)	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 its facility located in Connecticut. Overhead also includes amounts previously allocated to the Media, Licensing and Advertising segment for the Company’s direct-to-home toy catalog business that was discontinued in the first quarter of fiscal 2012. Overhead also includes amounts previously allocated to the Children’s Book Publishing and Distribution segment for the computer club business that was discontinued in the fourth quarter of fiscal 2013.

(4)	Includes assets and results of operations acquired in a business acquisition as of January 3, 2012.

(5)	Includes depreciation of property, plant and equipment and amortization of intangible assets.

(6)	Includes amortization of prepublication and production costs.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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