Segment Information (Tables)

9 Months Ended

Feb. 28, 2014

Schedule of Segment Reporting Information, by Segment



	Children’s Book Publishing and Distribution⁽¹⁾			Educational Technology and Services			Classroom and Supplemental Materials Publishing			Media, Licensing and Advertising⁽¹⁾			Overhead⁽¹⁾⁽²⁾			Total Domestic			International		Total
Three months ended February 28, 2014
Revenues	$	190.0		$	35.8		$	44.5		$	12.2		$	—		$	282.5		$	91.0	$	373.5
Bad debt expense	0.2			0.4			0.4			0.1			—			1.1			1.4		2.5
Depreciation and amortization⁽³⁾	7.8			7.1			2.7			1.4			8.7			27.7			1.9		29.6
Segment operating income (loss)	(10.6		)	(10.7		)	1.3			(1.5		)	(12.9		)	(34.4		)	0.1		(34.3		)
Expenditures for long-lived assets including royalty advances	8.9			7.1			2.3			2.6			256.8			277.7			2.6		280.3
Three months ended February 28, 2013
Revenues	$	187.5		$	41.8		$	43.2		$	11.7		$	—		$	284.2		$	94.4	$	378.6
Bad debt expense	(1.6		)	0.5			—			—			—			(1.1		)	0.5		(0.6		)
Depreciation and amortization⁽³⁾	7.7			5.8			2.4			1.1			10.3			27.3			1.9		29.2
Segment operating income (loss)	(9.9		)	(3.5		)	(0.2		)	(2.2		)	(13.6		)	(29.4		)	2.0		(27.4		)
Expenditures for long-lived assets including royalty advances	11.9			10.6			2.7			1.5			7.6			34.3			3.5		37.8



	Children’s Book Publishing and Distribution⁽¹⁾			Educational Technology and Services		Classroom and Supplemental Materials Publishing		Media, Licensing and Advertising⁽¹⁾			Overhead⁽¹⁾⁽²⁾			Total Domestic			International		Total
Nine months ended February 28, 2014
Revenues	$	596.7		$	191.5	$	141.4	$	38.1		$	—		$	967.7		$	305.3	$	1,273.0
Bad debt expense	1.6			0.8		1.0		0.2			—			3.6			2.8		6.4
Depreciation and amortization⁽³⁾	23.6			21.0		7.8		2.5			29.2			84.1			5.2		89.3
Asset impairments ⁽⁴⁾	13.4			—		—		—			—			13.4			—		13.4
Segment operating income (loss)	(3.2		)	32.4		10.4		(3.8		)	(42.9		)	(7.1		)	21.6		14.5
Segment assets at 2/28/14	442.2			162.1		145.1		26.5			558.7			1,334.6			252.9		1,587.5
Goodwill at 2/28/14	40.9			22.7		65.4		5.4			—			134.4			10.1		144.5
Expenditures for long-lived assets including royalty advances	30.8			22.9		6.9		6.2			264.8			331.6			7.8		339.4
Long-lived assets at 2/28/14	145.8			118.1		89.9		15.2			418.8			787.8			62.7		850.5
Nine months ended February 28, 2013
Revenues	$	605.8		$	174.0	$	134.3	$	43.1		$	—		$	957.2		$	328.3	$	1,285.5
Bad debt expense	—			0.6		1.2		—			—			1.8			2.1		3.9
Depreciation and amortization⁽³⁾	23.1			17.1		6.7		2.6			31.0			80.5			5.3		85.8
Asset impairments ⁽⁴⁾	—			—		—		—			—			—			—		—
Segment operating income (loss)	4.6			26.6		4.6		—			(37.7		)	(1.9		)	29.5		27.6
Segment assets at 2/28/13	549.9			177.1		159.9		25.5			433.7			1,346.1			298.9		1,645.0
Goodwill at 2/28/13	54.3			22.7		65.4		5.4			—			147.8			10.2		158.0
Expenditures for long-lived assets including royalty advances	39.1			28.0		6.9		3.4			25.9			103.3			8.6		111.9
Long-lived assets at 2/28/13	170.2			111.8		90.2		12.2			241.5			625.9			68.4		694.3


(1)	As discussed under “Discontinued Operations” in Note 1, “Basis of Presentation,” the Company closed certain operations during fiscal 2012 and 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)

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 Children’s Book Publishing and Distribution segment for the computer club business that was discontinued in the fourth quarter of fiscal 2013.


(3)	Includes depreciation of property, plant and equipment and amortization of intangible assets, prepublication and production costs.


(4)	Includes an impairment of goodwill (see Note 7, “Goodwill and Other Intangibles”).

- 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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