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Acquisitions (Notes) | 12 Months Ended
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May 31, 2016
Business Combinations [Abstract] |
Acquisitions | ACQUISITIONS In fiscal 2016, the Company acquired 100% of the share capital of Troubadour, Limited, a book fairs business located in the United Kingdom, for £2.1 million, net of cash acquired, which was equivalent to approximately $3.2. Fair values were assigned to the assets and liabilities acquired, including inventory, trade receivables and payables, a customer list and fixed assets, in addition to cash. The Company utilized internally-developed discounted cash flow forecasts to determine the fair value of the customer list. The fair values of the net assets were $3.2 which included $1.9 of intangible assets attributable to the customer list. The results of operations of this business subsequent to the acquisition are included in the International segment. The transaction was not determined to be material to the Company's results and therefore pro forma financial information is not presented. The Company also purchased the assets of a U.S. based book fairs business in fiscal 2016 for approximately $0.5. The acquisition resulted in $0.5 of intangible assets. The results of operations of this business subsequent to the acquisition are included in the Children's Book Publishing and Distribution segment. The transaction was not determined to be material to the Company's results and therefore pro forma financial information is not presented.

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