XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Goodwill and Other Intangibles | 6 Months Ended
--- | ---
Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | GOODWILL AND OTHER INTANGIBLES The Company assesses goodwill and other intangible assets with indefinite lives annually or more frequently if impairment indicators are such that the goodwill is more likely than not impaired. The Company continues to monitor impairment indicators in light of changes in market conditions, near and long-term demand for the Company’s products and other relevant factors. The following table summarizes the activity in Goodwill for the periods indicated:
| Six months ended November 30, 2015 |  | Twelve months ended May 31, 2015 |  | Six months ended November 30, 2014
Gross beginning balance | $ | 155.9 |  |  | $ | 156.0 |  |  | $ | 156.0 |
Accumulated impairment | (39.6 | ) |  | (34.2 | ) |  | (34.2 | )
Beginning balance | $ | 116.3 |  |  | $ | 121.8 |  |  | $ | 121.8 |
Impairment charge | — |  |  | (5.4 | ) |  | — |
Foreign currency translation | (0.1 | ) |  | (0.1 | ) |  | 0.0 |
Gross ending balance | $ | 155.8 |  |  | $ | 155.9 |  |  | $ | 156.0 |
Accumulated impairment | (39.6 | ) |  | (39.6 | ) |  | (34.2 | )
Ending balance | $ | 116.2 |  |  | $ | 116.3 |  |  | $ | 121.8 |
In the second quarter of fiscal 2016, the Company acquired 100% of the share capital of a book fairs business located in the United Kingdom and has integrated this business with its existing business in the United Kingdom. As a result, the Company recognized $1.9 of amortizable intangible assets. The following table summarizes the activity in Total other intangibles for the periods indicated:
| Six months ended November 30, 2015 |  | Twelve months ended May 31, 2015 |  | Six months ended November 30, 2014
Beginning balance - Other intangibles subject to amortization | $ | 4.7 |  |  | $ | 5.8 |  |  | $ | 5.8 |
Additions | 2.4 |  |  | 0.8 |  |  | 0.8 |
Amortization expense | (1.1 | ) |  | (1.9 | ) |  | (1.0 | )
Total other intangibles subject to amortization, net of accumulated amortization of $18.4, $17.3 and $16.3, respectively | $ | 6.0 |  |  | $ | 4.7 |  |  | $ | 5.6 |
Total other intangibles not subject to amortization | $ | 2.1 |  |  | $ | 2.1 |  |  | $ | 2.1 |
Total other intangibles | $ | 8.1 |  |  | $ | 6.8 |  |  | $ | 7.7 |
Amortization expense for Total other intangibles was $1.1 and $1.0 for the six months ended November 30, 2015 and 2014, respectively. Intangible assets with definite lives consist principally of customer lists, covenants not to compete and trademark rights. Intangible assets with definite lives are amortized over their estimated useful lives. The weighted-average remaining useful lives of all amortizable intangible assets is approximately 4 years.

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

X
- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: 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=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration