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Discontinued Operations (Tables)
 12 Months Ended
May 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of discontinued operations impact on income statement and balance sheet
The following table summarizes the operating results of the discontinued operations for the fiscal year ended May 31, 2016: 
 
Ed Tech
 
All Other
 
Total
Revenues
$
0.0

 
$
0.8

 
$
0.8

Operating costs and expenses
1.5

 
1.2

 
2.7

Interest income (expense)
—

 
0.1

 
0.1

Gain (loss) on sale (1)
(2.9
)
 
—

 
(2.9
)
Earnings (loss) before income taxes
$
(4.4
)
 
$
(0.3
)
 
$
(4.7
)
Provision (benefit) for income taxes
(1.1
)
 
(0.1
)
 
(1.2
)
Earnings (loss) from discontinued operations, net of tax
$
(3.3
)
 
$
(0.2
)
 
$
(3.5
)
(1) Gain (loss) on sale included the finalization of the working capital adjustments from the sale of the Ed Tech business, resulting in a payment to the purchaser of $2.9.

The following table summarizes the operating results of the discontinued operations for the fiscal year ended May 31, 2015: 
 
Ed Tech
 
All Other
 
Total
Revenues
$
217.4

 
$
11.7

 
$
229.1

Operating costs and expenses (1)
208.8

 
14.5

 
223.3

Interest income (expense)
—

 
0.1

 
0.1

Gain (loss) on sale
454.0

 
—

 
454.0

Earnings (loss) before income taxes
$
462.6

 
$
(2.7
)
 
$
459.9

Provision (benefit) for income taxes
181.8

 
(1.0
)
 
180.8

Earnings (loss) from discontinued operations, net of tax
$
280.8

 
$
(1.7
)
 
$
279.1

(1) Operating costs and expenses included costs related to unabsorbed overhead burden associated with the former educational technology and services business of $15.8.


The following table summarizes the operating results of the discontinued operations for the fiscal year ended May 31, 2014: 
 
Ed Tech
 
All Other
 
Total
Revenues
$
246.4

 
$
14.4

 
$
260.8

Operating costs and expenses (1)
193.0

 
15.0

 
208.0

Interest income (expense)
—

 
0.1

 
0.1

Earnings (loss) before income taxes
$
53.4

 
$
(0.5
)
 
$
52.9

Provision (benefit) for income taxes
22.0

 
(0.2
)
 
21.8

Earnings (loss) from discontinued operations, net of tax
$
31.4

 
$
(0.3
)
 
$
31.1

(1) Operating costs and expenses included costs related to unabsorbed overhead burden associated with the former educational technology and services business of $16.2.

The following table sets forth the assets and liabilities of the discontinued operations included in the Consolidated Balance Sheets of the Company as of May 31:
 
2016
 
2015
Accounts receivable, net
$
0.0

 
$
2.5

Inventories, net
—

 
0.1

Prepaid expenses and other current assets
0.5

 
0.5

Current assets of discontinued operations
$
0.5

 
$
3.1

 
 
 
 
Accounts payable
0.0

 
0.1

Accrued royalties
0.0

 
0.7

Deferred revenue
—

 
0.1

Other accrued expenses
1.2

 
13.2

Current liabilities of discontinued operations
$
1.2

 
$
14.1