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Investments | 9 Months Ended
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Feb. 29, 2016
Equity Method And Cost Method Investments [Abstract] |
Investments | INVESTMENTS Included in “Other assets and deferred charges” on the Company’s condensed consolidated balance sheets were investments of $25.7, $26.3 and $18.6 at February 29, 2016, May 31, 2015 and February 28, 2015, respectively. On November 5, 2015, the Company sold a cost method investment in China and received proceeds of $3.3 resulting in a pretax gain of $2.2. On March 19, 2015, the Company purchased a 48.5% equity interest in Make Believe Ideas Limited (MBI), a UK-based children's book publishing company. Under the purchase agreement, and subject to its provisions, the Company will purchase the remaining outstanding shares in MBI after approximately four years. 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 carrying value of this investment was $7.8, $7.3 and $0.0 at February 29, 2016, May 31, 2015 and February 28, 2015, respectively. The Company’s 26.2% non-controlling interest in another children’s book publishing business located in the UK is accounted for using the equity method of accounting. The net carrying value of this investment was $17.9, $17.9 and $18.6 at February 29, 2016, May 31, 2015 and February 28, 2015, respectively. Income from equity investments reported in "Selling, general and administrative expenses" in the condensed consolidated Statements of Operations totaled $3.0 and $1.8 for the nine months ended February 29, 2016 and February 28, 2015, respectively. The Company had cost method investments that had a net carrying value of $0.0, $1.1 and $0.0 at February 29, 2016, May 31, 2015 and February 28, 2015, respectively. 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.

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