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Discontinued Operations (Tables) | 3 Months Ended
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Aug. 31, 2015
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of revenue, assets, and liabilities of discontinued operations | The following table summarizes the operating results of the discontinued operations for the fiscal quarter ended August 31, 2015:
| Ed Tech |  | All Other |  | Total
Revenues | $ | — |  |  | $ | 0.1 |  |  | $ | 0.1 |
Operating costs and expenses | 0.6 |  |  | 0.4 |  |  | 1.0 |
Earnings (loss) before income taxes | $ | (0.6 | ) |  | $ | (0.3 | ) |  | $ | (0.9 | )
Provision (benefit) for income taxes | (0.3 | ) |  | (0.1 | ) |  | (0.4 | )
Earnings (loss) from discontinued operations, net of tax | $ | (0.3 | ) |  | $ | (0.2 | ) |  | $ | (0.5 | )
The following table summarizes the operating results of the discontinued operations for the fiscal quarter ended August 31, 2014:
| Ed Tech |  | All Other |  | Total
Revenues | $ | 90.2 |  |  | $ | 3.1 |  |  | $ | 93.3 |
Operating costs and expenses (1) | 55.9 |  |  | 4.0 |  |  | 59.9 |
Earnings (loss) before income taxes | $ | 34.3 |  |  | $ | (0.9 | ) |  | $ | 33.4 |
Provision (benefit) for income taxes | 13.9 |  |  | (0.3 | ) |  | 13.6 |
Earnings (loss) from discontinued operations, net of tax | $ | 20.4 |  |  | $ | (0.6 | ) |  | $ | 19.8 |
(1) Operating costs and expenses included costs related to unabsorbed overhead burden associated with the Ed Tech business of $3.9. The following table sets forth the assets and liabilities of the discontinued operations included in the condensed consolidated balance sheets of the Company:
| August 31, 2015 |  | May 31, 2015 |  | August 31, 2014
Accounts receivable, net | $ | 0.4 |  |  | $ | 2.5 |  |  | $ | 82.8 |
Inventories, net | 0.1 |  |  | 0.1 |  |  | 14.2 |
Prepaid expenses and other current assets | 0.4 |  |  | 0.5 |  |  | 1.5 |
Current assets of discontinued operations | $ | 0.9 |  |  | $ | 3.1 |  |  | $ | 98.5 |
Property, plant and equipment, net | — |  |  | — |  |  | 1.3 |
Prepublication costs, net | — |  |  | — |  |  | 88.5 |
Royalty advances, net | — |  |  | — |  |  | 1.1 |
Goodwill | — |  |  | — |  |  | 22.7 |
Other intangibles, net | — |  |  | — |  |  | 4.2 |
Other assets and deferred charges | — |  |  | — |  |  | 0.4 |
Noncurrent assets of discontinued operations | $ | — |  |  | $ | — |  |  | $ | 118.2 |
Accounts payable | 0.1 |  |  | 0.1 |  |  | 13.1 |
Accrued royalties | 0.7 |  |  | 0.7 |  |  | 4.6 |
Deferred revenue | 0.1 |  |  | 0.1 |  |  | 51.0 |
Other accrued expenses | 2.1 |  |  | 13.2 |  |  | 12.5 |
Current liabilities of discontinued operations | $ | 3.0 |  |  | $ | 14.1 |  |  | $ | 81.2 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 + Details
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