Segment Information (Tables)

12 Months Ended

May 31, 2016

Schedule of segment reporting information by segment

The following table sets forth information for the Company’s segments for the three fiscal years ended May 31:



	Children's Book Publishing & Distribution ⁽¹⁾		Education ⁽¹⁾		Overhead ^{(1) (2)}			Total Domestic			International ⁽¹⁾		Total
2016
Revenues	$	1,002.5	$	298.1	$	—		$	1,300.6		$	372.2	$	1,672.8
Bad debts	5.6		1.8		—			7.4			4.9		12.3
Depreciation and amortization⁽³⁾	28.2		10.1		19.0			57.3			8.0		65.3
Asset impairments	3.7		3.2		7.5			14.4			—		14.4
Segment operating income (loss)	110.6		52.8		(107.2		)	56.2			11.4		67.6
Segment assets at May 31, 2016	394.6		172.6		898.0			1,465.2			247.4		1,712.6
Goodwill at May 31, 2016	40.9		65.4		—			106.3			9.9		116.2
Expenditures for long-lived assets including royalty advances	47.0		8.4		26.6			82.0			13.8		95.8
Long-lived assets at May 31, 2016	144.4		82.6		379.2			606.2			66.6		672.8
2015
Revenues	$	958.7	$	275.9	$	—		$	1,234.6		$	401.2	$	1,635.8
Bad debts	5.3		1.9		—			7.2			3.4		10.6
Depreciation and amortization⁽³⁾	36.7		11.9		21.3			69.9			8.4		78.3
Asset impairments	10.2		—		2.9			13.1			2.7		15.8
Segment operating income (loss)	85.6		48.4		(121.7		)	12.3			20.6		32.9
Segment assets at May 31, 2015	383.0		173.6		1,014.6			1,571.2			248.0		1,819.2
Goodwill at May 31, 2015	40.9		65.4		—			106.3			10.0		116.3
Expenditures for long-lived assets including royalty advances	54.4		8.4		11.6			74.4			21.1		95.5
Long-lived assets at May 31, 2015	144.6		88.5		378.5			611.6			68.5		680.1
2014
Revenues	$	893.0	$	255.1	$	—		$	1,148.1		$	413.4	$	1,561.5
Bad debts	2.6		1.7		—			4.3			3.0		$	7.3
Depreciation and amortization⁽³⁾	36.1		11.0		38.9			86.0			7.2		93.2
Asset impairments	28.0		—		—			28.0			—		28.0
Segment operating income (loss)	23.8		38.5		(82.3		)	(20.0		)	30.4		10.4
Segment assets at May 31, 2014	390.6		175.1		527.9			1,093.6			256.3		1,349.9
Goodwill at May 31, 2014	46.3		65.4		—			111.7			10.1		121.8
Expenditures for long-lived assets including royalty advances	50.7		10.7		269.6			331.0			11.7		342.7
Long-lived assets at May 31, 2014	150.0		90.8		404.2			645.0			63.6		708.6


(1)	As discussed in Note 2, “Discontinued Operations,” the Company closed or sold several operations during the fourth quarter of fiscal 2015. All of these businesses are classified as discontinued operations in the Company’s financial statements and, as such, are not reflected in this table.

(2)

Overhead includes all domestic corporate amounts not allocated to operating segments, including expenses and costs related to the management of corporate assets. Unallocated assets are principally comprised of deferred income taxes and property, plant and equipment related to the Company’s headquarters in the metropolitan New York area, its fulfillment and distribution facilities located in Missouri, its facility located in Connecticut and unabsorbed burden associated with the former educational technology and services business.


(3)	Includes depreciation of property, plant and equipment and amortization of intangible assets and prepublication costs.