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Goodwill and Other Intangibles | 3 Months Ended
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Aug. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | 7. Goodwill and Other Intangibles Goodwill and other intangible assets with indefinite lives are reviewed annually for impairment or more frequently if impairment indicators arise. The Company assesses goodwill annually or more frequently if impairment indicators are such that the goodwill is more likely than not impaired. The Company continues to monitor impairment indicators in light of reduced earnings, changes in market conditions, near and long-term demand for the Company’s products and other relevant factors. The Company did not have any impairment indicators in the fiscal quarter ended August 31, 2013, but continues to closely monitor its book clubs reporting unit, as this reporting unit’s fair value is largely dependent upon the success of the Storia ereading app, which was launched in fiscal 2012. Should Storia not achieve its projected revenue, and the Company is unable to adjust its strategy to effectively compensate, there is a potential for an impairment of goodwill in this reporting unit in future periods. The following table summarizes the activity in Goodwill for the periods indicated:
|  | Three months ended August 31, 2013 |  |  | Twelve months ended May 31, 2013 |  |  | Three months ended August 31, 2012 |
Gross beginning balance |  | $ | 178.7 |  |  | $ | 178.5 |  |  | $ | 178.5 |
Accumulated impairment |  |  | (20.8 | ) |  |  | (20.8 | ) |  |  | (20.8 | )
Beginning balance |  | $ | 157.9 |  |  | $ | 157.7 |  |  | $ | 157.7 |
Foreign currency translation |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |
Other |  |  | — |  |  |  | 0.2 |  |  |  | — |
Gross ending balance |  | $ | 178.7 |  |  | $ | 178.7 |  |  | $ | 178.5 |
Accumulated impairment |  |  | (20.8 | ) |  |  | (20.8 | ) |  |  | (20.8 | )
Ending balance |  | $ | 157.9 |  |  | $ | 157.9 |  |  | $ | 157.7 |
The following table summarizes the activity in Total other intangibles subject to amortization for the periods indicated:
|  | Three months ended August 31, 2013 |  |  | Twelve months ended May 31, 2013 |  |  | Three months ended August 31, 2012 |
Beginning balance - customer lists |  | $ | 3.4 |  |  | $ | 4.3 |  |  | $ | 4.3 |
Additions |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Amortization expense |  |  | (0.2 | ) |  |  | (1.0 | ) |  |  | (0.2 | )
Foreign currency translation |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |
Customer lists, net of accumulated amortization of $2.5, $2.3 and $1.5, respectively |  | $ | 3.2 |  |  | $ | 3.4 |  |  | $ | 4.2 |
Beginning balance - other intangibles |  | $ | 9.2 |  |  | $ | 10.4 |  |  | $ | 10.4 |
Additions |  |  | — |  |  |  | 0.2 |  |  |  | — |
Amortization expense |  |  | (0.4 | ) |  |  | (1.5 | ) |  |  | (0.3 | )
Foreign currency translation |  |  | 0.0 |  |  |  | — |  |  |  | — |
Other |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Other intangibles, net of accumulated amortization of $12.4, $12.0 and $10.8, respectively |  | $ | 8.8 |  |  | $ | 9.2 |  |  | $ | 10.2 |
Total other intangibles subject to amortization |  | $ | 12.0 |  |  | $ | 12.6 |  |  | $ | 14.4 |
Trademarks and other |  | $ | 2.0 |  |  | $ | 2.0 |  |  | $ | 2.0 |
Total other intangibles not subject to amortization |  | $ | 2.0 |  |  | $ | 2.0 |  |  | $ | 2.0 |
Total other intangibles |  | $ | 14.0 |  |  | $ | 14.6 |  |  | $ | 16.4 |
Amortization expense for Total other intangibles was $0.6 and $0.5 for the three months ended August 31, 2013 and 2012, respectively. Intangible assets with definite lives consist principally of customer lists, covenants not to compete and trademark rights. Intangible assets with definite lives are amortized over their estimated useful lives. The weighted-average remaining useful lives of all amortizable intangible assets is 9 years.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
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