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Consolidated Balance Sheets - USD ($)
$ in Millions
May. 31, 2015
May. 31, 2014
Current Assets:    
Cash and cash equivalents $ 506.8 $ 20.9
Restricted cash held in escrow 34.5 0.0
Accounts receivable (less allowance for doubtful accounts of $14.9 and $15.6, respectively) 193.8 212.1
Inventories, net 257.6 256.4
Deferred income taxes 81.0 81.0
Prepaid expenses and other current assets 33.7 33.9
Current assets of discontinued operations 3.1 58.7
Total current assets 1,110.5 663.0
Noncurrent Assets:    
Property, plant and equipment, net 439.7 465.7
Prepublication costs, net 51.7 53.2
Royalty advances (less allowance for reserves of $86.8 and $85.3, respectively) 39.3 37.3
Goodwill 116.3 121.8
Other intangibles 6.8 8.0
Noncurrent deferred income taxes 6.5 4.1
Other assets and deferred charges 51.5 55.5
Noncurrent assets of discontinued operations 0.0 119.9
Total noncurrent assets 711.8 865.5
Total assets 1,822.3 1,528.5
Current Liabilities:    
Lines of credit and current portion of long-term debt 6.0 15.8
Accounts payable 146.8 137.5
Accrued royalties 26.8 30.7
Deferred revenue 21.5 19.9
Other accrued expenses 173.6 171.6
Accrued income taxes 158.8 4.8
Current liabilities of discontinued operations 14.1 49.5
Total current liabilities 547.6 429.8
Noncurrent Liabilities:    
Long-term debt 0.0 120.0
Other noncurrent liabilities 69.8 63.3
Total noncurrent liabilities $ 69.8 $ 183.3
Commitments and Contingencies:    
Stockholders’ Equity:    
Preferred Stock, $1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none $ 0.0 $ 0.0
Additional paid-in capital 591.5 580.8
Accumulated other comprehensive income (loss) (77.0) (55.2)
Retained earnings 1,039.9 765.1
Treasury stock at cost (349.9) (375.7)
Total stockholders’ equity 1,204.9 915.4
Total liabilities and stockholders’ equity 1,822.3 1,528.5
Class A Stock [Member]    
Stockholders’ Equity:    
Common Stock 0.0 0.0
Common Stock [Member]    
Stockholders’ Equity:    
Common Stock $ 0.4 $ 0.4