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Investments | 12 Months Ended
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May 31, 2016
Equity Method And Cost Method Investments [Abstract] |
Investments | INVESTMENTS Included in the Other assets and deferred charges section of the Company’s Consolidated Balance Sheets were investments of $26.2 and $26.3 at May 31, 2016 and May 31, 2015, respectively. The Company's 48.5% equity interest in Make Believe Ideas Limited (MBI), a UK-based children's book publishing company, is accounted for using the equity method of accounting. Under the purchase agreement, and subject to its provisions, the Company will purchase the remaining outstanding shares in MBI following the completion of MBI's accounts for the calendar year 2018. The remaining controlling interest is held by a single third party and therefore the Company accounted for the investment using the equity method of accounting. The net value of this investment was $8.0 and $7.3 at May 31, 2016 and May 31, 2015, respectively. The Company’s 26.2% non-controlling interest in a separate children’s book publishing business located in the UK is accounted for using the equity method of accounting. The net value of this investment was $18.1 and $17.9 at May 31, 2016 and May 31, 2015, respectively. The Company received $1.1 of dividends in fiscal 2016 from this investment. The Company has other equity and cost method investments that had a net value of $0.1 and $1.1 at May 31, 2016 and May 31, 2015, respectively. Income from equity investments reported in "Selling, general and administrative expenses" in the Consolidated Statements of Operations totaled $3.5 for the year ended May 31, 2016, $2.0 for the year ended May 31, 2015 and $2.6 for the year ended May 31, 2014. For the year ended May 31, 2016, the Company recognized a pretax gain of $2.2 on the sale of a cost method investment in China. For the year ended May 31, 2015, the Company recognized a pretax gain of $0.6 on the sale of a UK-based cost method investment that had previously been determined to be other than temporarily impaired. For the year ended May 31, 2014, the Company recognized an aggregate pretax loss of $5.8 for a UK-based and a U.S.-based cost method investment, each of which was determined to be other than temporarily impaired.

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