XML 49 R24.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Segment Information (Tables) | 6 Months Ended
--- | ---
Nov. 30, 2014
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| Children’s Book Publishing and Distribution |  | Educational Technology and Services |  | Classroom and Supplemental Materials Publishing |  | Media, Licensing and Advertising |  | Overhead (1) |  | Total Domestic |  | International |  | Total
Three months ended November 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 402.6 |  |  | $ | 50.9 |  |  | $ | 64.8 |  |  | $ | 14.5 |  |  | $ | — |  |  | $ | 532.8 |  |  | $ | 132.8 |  |  | $ | 665.6 |
Bad debt expense | 2.2 |  |  | 0.0 |  |  | 0.8 |  |  | (0.1 | ) |  | — |  |  | 2.9 |  |  | 1.3 |  |  | 4.2 |
Depreciation and amortization (2) | 8.2 |  |  | 7.8 |  |  | 2.9 |  |  | 1.9 |  |  | 5.5 |  |  | 26.3 |  |  | 2.1 |  |  | 28.4 |
Asset impairments (3) | — |  |  | — |  |  | — |  |  | — |  |  | 2.9 |  |  | 2.9 |  |  | — |  |  | 2.9 |
Segment operating income (loss) | 108.3 |  |  | (1.2 | ) |  | 12.7 |  |  | (0.7 | ) |  | (26.2 | ) |  | 92.9 |  |  | 19.9 |  |  | 112.8 |
Expenditures for long-lived assets including royalty advances | 9.7 |  |  | 7.5 |  |  | 1.5 |  |  | 1.6 |  |  | 2.9 |  |  | 23.2 |  |  | 3.6 |  |  | 26.8 |
Three months ended November 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 352.1 |  |  | $ | 60.9 |  |  | $ | 60.9 |  |  | $ | 13.7 |  |  | $ | — |  |  | $ | 487.6 |  |  | $ | 135.6 |  |  | $ | 623.2 |
Bad debt expense | 1.0 |  |  | 0.0 |  |  | 0.6 |  |  | 0.1 |  |  | — |  |  | 1.7 |  |  | 0.8 |  |  | $ | 2.5 |
Depreciation and amortization (2) | 7.8 |  |  | 7.6 |  |  | 2.5 |  |  | 0.5 |  |  | 10.5 |  |  | 28.9 |  |  | 1.6 |  |  | $ | 30.5 |
Asset impairments (3) | 13.4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13.4 |  |  | — |  |  | $ | 13.4 |
Segment operating income (loss) | 68.9 |  |  | 6.9 |  |  | 11.6 |  |  | (1.3 | ) |  | (13.6 | ) |  | 72.5 |  |  | 22.2 |  |  | $ | 94.7 |
Expenditures for long-lived assets including royalty advances | 10.5 |  |  | 7.3 |  |  | 2.6 |  |  | 2.5 |  |  | 2.8 |  |  | 25.7 |  |  | 2.7 |  |  | $ | 28.4 |
| Children’s Book Publishing and Distribution |  | Educational Technology and Services |  | Classroom and Supplemental Materials Publishing |  | Media, Licensing and Advertising |  | Overhead(1) |  | Total Domestic |  | International |  | Total
Six months ended November 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 457.3 |  |  | $ | 140.3 |  |  | $ | 107.6 |  |  | $ | 25.1 |  |  | $ | — |  |  | $ | 730.3 |  |  | $ | 219.1 |  |  | $ | 949.4 |
Bad debt expense | 2.8 |  |  | 0.3 |  |  | 0.8 |  |  | 0.1 |  |  | — |  |  | 4.0 |  |  | 2.5 |  |  | 6.5 |
Depreciation and amortization(2) | 16.1 |  |  | 15.3 |  |  | 5.8 |  |  | 3.5 |  |  | 11.2 |  |  | 51.9 |  |  | 4.5 |  |  | 56.4 |
Asset impairments(3) | — |  |  | — |  |  | — |  |  | — |  |  | 2.9 |  |  | 2.9 |  |  | — |  |  | 2.9 |
Segment operating income (loss) | 47.8 |  |  | 29.1 |  |  | 11.8 |  |  | (4.2 | ) |  | (43.1 | ) |  | 41.4 |  |  | 18.0 |  |  | 59.4 |
Segment assets at 11/30/2014 | 494.9 |  |  | 169.3 |  |  | 154.4 |  |  | 28.6 |  |  | 522.9 |  |  | 1,370.1 |  |  | 280.6 |  |  | 1,650.7 |
Goodwill at 11/30/2014 | 40.9 |  |  | 22.7 |  |  | 65.4 |  |  | 5.4 |  |  | — |  |  | 134.4 |  |  | 10.1 |  |  | 144.5 |
Expenditures for long-lived assets including royalty advances | 25.5 |  |  | 13.5 |  |  | 3.2 |  |  | 3.4 |  |  | 3.8 |  |  | 49.4 |  |  | 6.7 |  |  | 56.1 |
Long-lived assets at 11/30/2014 | 145.4 |  |  | 118.4 |  |  | 88.9 |  |  | 14.0 |  |  | 381.0 |  |  | 747.7 |  |  | 65.1 |  |  | 812.8 |
Six months ended November 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 406.7 |  |  | $ | 155.7 |  |  | $ | 98.7 |  |  | $ | 24.1 |  |  | $ | — |  |  | $ | 685.2 |  |  | $ | 214.3 |  |  | $ | 899.5 |
Bad debt expense | 1.4 |  |  | 0.4 |  |  | 0.6 |  |  | 0.1 |  |  | — |  |  | 2.5 |  |  | 1.4 |  |  | 3.9 |
Depreciation and amortization(2) | 15.8 |  |  | 13.9 |  |  | 5.1 |  |  | 1.1 |  |  | 20.5 |  |  | 56.4 |  |  | 3.3 |  |  | 59.7 |
Asset impairments(3) | 13.4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13.4 |  |  | — |  |  | 13.4 |
Segment operating income (loss) | 7.4 |  |  | 43.1 |  |  | 9.7 |  |  | (2.9 | ) |  | (30.0 | ) |  | 27.3 |  |  | 21.5 |  |  | 48.8 |
Segment assets at 11/30/2013 | 489.6 |  |  | 180.3 |  |  | 152.8 |  |  | 27.1 |  |  | 456.4 |  |  | 1,306.2 |  |  | 273.3 |  |  | 1,579.5 |
Goodwill at 11/30/2013 | 40.9 |  |  | 22.7 |  |  | 65.4 |  |  | 5.4 |  |  | — |  |  | 134.4 |  |  | 10.1 |  |  | 144.5 |
Expenditures for long-lived assets including royalty advances | 21.9 |  |  | 15.8 |  |  | 4.6 |  |  | 3.6 |  |  | 8.0 |  |  | 53.9 |  |  | 5.2 |  |  | 59.1 |
Long-lived assets at 11/30/2013 | 149.6 |  |  | 118.2 |  |  | 90.3 |  |  | 14.1 |  |  | 228.7 |  |  | 600.9 |  |  | 67.3 |  |  | 668.2 |
(1) | 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.
(2) | Includes depreciation of property, plant and equipment and amortization of intangible assets, prepublication and production costs.
(3) | Includes an asset impairment related to the planned closure of a retail store in New York City in fiscal 2015 and an impairment of goodwill attributable to legacy acquisitions associated with the book club operations in the Children’s Book Publishing and Distribution segment in fiscal 2014.

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration