Investments

3 Months Ended

Aug. 31, 2013

Equity Method And Cost Method Investments [Abstract]

Equity Method And Cost Method Investments [Text Block]

8. Investments

Included in “Other assets and deferred charges” on the Company’s condensed consolidated balance sheets were investments of $21.9, $19.6 and $21.2 at August 31, 2013, May 31, 2013 and August 31, 2012, respectively.

In the fiscal quarter ended August 31, 2013, the Company acquired a 20% interest in a software development business for $1.0 in cash, which is accounted for using the equity method of accounting. The Company owns a 15% non-controlling interest 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. Income from equity investments totaled $0.7 and $0.5 for the three months ended August 31, 2013 and 2012, respectively.

The following table summarizes the Company’s investmentsas of the dates indicated:

	August 31, 2013		May 31, 2013		August 31, 2012
Cost method investments:
UK - based	$	4.7	$	5.0	$	5.5
Total cost method investments	$	4.7	$	5.0	$	5.5
Equity method investments:
UK - based	$	16.2	$	14.6	$	15.7
Other		1.0		—		—
Total equity method investments	$	17.2	$	14.6	$	15.7
Total	$	21.9	$	19.6	$	21.2