XML 92 R12.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Segment Information | 12 Months Ended
--- | ---
May. 31, 2015
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The Company categorizes its businesses into three reportable segments: Children’s Book Publishing and Distribution and Education (formerly titled Classroom and Supplemental Materials Publishing), which comprise the Company's domestic operations, and International. This classification reflects the nature of products and services consistent with the method by which the Company’s chief operating decision-maker assesses operating performance and allocates resources.
• | Children’s Book Publishing and Distribution operates as an integrated business which includes the publication and distribution of children’s books, ebooks, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. This segment is comprised of three operating segments.
• | Education includes the publication and distribution to schools and libraries of children’s books, classroom magazines, supplemental classroom materials and print and on-line reference and non-fiction products for grades pre-kindergarten to 12 in the United States. This segment is comprised of two operating segments.
• | International includes the publication and distribution of products and services outside the United States by the Company’s international operations, and its export and foreign rights businesses. This segment is comprised of three operating segments.
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) |  | Education (1) |  | Overhead (1) (2) |  | Total Domestic |  | International (1) |  | Total
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 958.7 |  |  | $ | 275.9 |  |  | $ | — |  |  | $ | 1,234.6 |  |  | $ | 401.2 |  |  | $ | 1,635.8 |
Bad debts | 5.3 |  |  | 1.9 |  |  | — |  |  | 7.2 |  |  | 3.4 |  |  | 10.6 |
Depreciation and amortization (3) | 36.7 |  |  | 11.9 |  |  | 21.3 |  |  | 69.9 |  |  | 8.4 |  |  | 78.3 |
Asset Impairments | 10.2 |  |  | — |  |  | 2.9 |  |  | 13.1 |  |  | 2.7 |  |  | 15.8 |
Segment operating income (loss) | 85.6 |  |  | 48.4 |  |  | (121.7 | ) |  | 12.3 |  |  | 20.6 |  |  | 32.9 |
Segment assets at May 31, 2015 | 383.0 |  |  | 173.6 |  |  | 1,014.6 |  |  | 1,571.2 |  |  | 248.0 |  |  | 1,819.2 |
Goodwill at May 31, 2015 | 40.9 |  |  | 65.4 |  |  | — |  |  | 106.3 |  |  | 10.0 |  |  | 116.3 |
Expenditures for long-lived assets including royalty advances | 54.4 |  |  | 8.4 |  |  | 11.6 |  |  | 74.4 |  |  | 21.1 |  |  | 95.5 |
Long-lived assets at May 31, 2015 | 144.6 |  |  | 88.5 |  |  | 378.5 |  |  | 611.6 |  |  | 68.5 |  |  | 680.1 |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 893.0 |  |  | $ | 255.1 |  |  | $ | — |  |  | $ | 1,148.1 |  |  | $ | 413.4 |  |  | $ | 1,561.5 |
Bad debts | 2.6 |  |  | 1.7 |  |  | — |  |  | 4.3 |  |  | 3.0 |  |  | 7.3 |
Depreciation and amortization (3) | 36.1 |  |  | 11.0 |  |  | 38.9 |  |  | 86.0 |  |  | 7.2 |  |  | 93.2 |
Asset Impairments | 28.0 |  |  | — |  |  | — |  |  | 28.0 |  |  | — |  |  | 28.0 |
Segment operating income (loss) | 23.8 |  |  | 38.5 |  |  | (82.3 | ) |  | (20.0 | ) |  | 30.4 |  |  | 10.4 |
Segment assets at May 31, 2014 | 390.6 |  |  | 175.1 |  |  | 527.9 |  |  | 1,093.6 |  |  | 256.3 |  |  | 1,349.9 |
Goodwill at May 31, 2014 | 46.3 |  |  | 65.4 |  |  | — |  |  | 111.7 |  |  | 10.1 |  |  | 121.8 |
Expenditures for long-lived assets including royalty advances | 50.7 |  |  | 10.7 |  |  | 269.6 |  |  | 331.0 |  |  | 11.7 |  |  | 342.7 |
Long-lived assets at May 31, 2014 | 150.0 |  |  | 90.8 |  |  | 404.2 |  |  | 645.0 |  |  | 63.6 |  |  | 708.6 |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 865.2 |  |  | $ | 244.5 |  |  | $ | — |  |  | $ | 1,109.7 |  |  | $ | 440.1 |  |  | $ | 1,549.8 |
Bad debts | 1.8 |  |  | 1.5 |  |  | — |  |  | 3.3 |  |  | 2.5 |  |  | $ | 5.8 |
Depreciation and amortization (3) | 32.8 |  |  | 9.7 |  |  | 42.3 |  |  | 84.8 |  |  | 7.2 |  |  | 92.0 |
Asset Impairments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Segment operating income (loss) | 27.9 |  |  | 31.2 |  |  | (77.2 | ) |  | (18.1 | ) |  | 39.2 |  |  | 21.1 |
Segment assets at May 31, 2013 | 406.8 |  |  | 170.8 |  |  | 435.0 |  |  | 1,012.6 |  |  | 256.9 |  |  | 1,269.5 |
Goodwill at May 31, 2013 | 59.7 |  |  | 65.4 |  |  | — |  |  | 125.1 |  |  | 10.1 |  |  | 135.2 |
Expenditures for long-lived assets including royalty advances | 54.3 |  |  | 11.8 |  |  | 33.0 |  |  | 99.1 |  |  | 13.5 |  |  | 112.6 |
Long-lived assets at May 31, 2013 | 177.7 |  |  | 92.8 |  |  | 234.2 |  |  | 504.7 |  |  | 67.9 |  |  | 572.6 |
(1) | As discussed in Note 2, “Discontinued Operations,” the Company closed or sold several operations during the fourth quarter of fiscal 2013 and the fourth quarter of fiscal 2015. 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 operating 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, its facility located in Connecticut and unabsorbed burden associated with the former educational technology and services business. Overhead also includes amounts previously allocated to the Children’s Book Publishing and Distribution segment for a 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 and prepublication costs.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: 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=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration