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Discontinued Operations (Tables) | 9 Months Ended
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Feb. 29, 2016
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of revenue, assets, and liabilities of discontinued operations | The following table summarizes the operating results of the discontinued operations for the three and nine month periods ended February 29, 2016, respectively:
| Three months ended February 29, 2016 |  | Nine months ended February 29, 2016
| Ed Tech |  | All Other |  | Total |  | Ed Tech |  | All Other |  | Total
Revenues | $ | — |  |  | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | 0.7 |  |  | $ | 0.7 |
Operating costs and expenses | 0.3 |  |  | 0.3 |  |  | 0.6 |  |  | 1.2 |  |  | 1.0 |  |  | 2.2 |
Interest income (expense) | — |  |  | — |  |  | — |  |  | — |  |  | 0.1 |  |  | 0.1 |
Gain (loss) on sale (1) | (2.9 | ) |  | — |  |  | (2.9 | ) |  | (2.9 | ) |  | — |  |  | (2.9 | )
Earnings (loss) before income taxes | $ | (3.2 | ) |  | $ | 0.1 |  |  | $ | (3.1 | ) |  | $ | (4.1 | ) |  | $ | (0.2 | ) |  | $ | (4.3 | )
Provision (benefit) for income taxes | (1.3 | ) |  | 0.0 |  |  | (1.3 | ) |  | (1.6 | ) |  | (0.1 | ) |  | (1.7 | )
Earnings (loss) from discontinued operations, net of tax | $ | (1.9 | ) |  | $ | 0.1 |  |  | $ | (1.8 | ) |  | $ | (2.5 | ) |  | $ | (0.1 | ) |  | $ | (2.6 | )
The following table summarizes the operating results of the discontinued operations for the three and nine month periods ended February 28, 2015, respectively:
| Three months ended February 28, 2015 |  | Nine months ended February 28, 2015
| Ed Tech |  | All Other |  | Total |  | Ed Tech |  | All Other |  | Total
Revenues | $ | 33.6 |  |  | $ | 1.9 |  |  | $ | 35.5 |  |  | $ | 174.1 |  |  | $ | 9.2 |  |  | $ | 183.3 |
Operating costs and expenses (2) | 43.4 |  |  | 2.7 |  |  | 46.1 |  |  | 148.0 |  |  | 10.8 |  |  | 158.8 |
Interest income (expense) | 0.0 |  |  | 0.1 |  |  | 0.1 |  |  | 0.0 |  |  | 0.1 |  |  | 0.1 |
Earnings (loss) before income taxes | $ | (9.8 | ) |  | $ | (0.7 | ) |  | $ | (10.5 | ) |  | $ | 26.1 |  |  | $ | (1.5 | ) |  | $ | 24.6 |
Provision (benefit) for income taxes | (3.8 | ) |  | (0.3 | ) |  | (4.1 | ) |  | 10.9 |  |  | (0.6 | ) |  | 10.3 |
Earnings (loss) from discontinued operations, net of tax | $ | (6.0 | ) |  | $ | (0.4 | ) |  | $ | (6.4 | ) |  | $ | 15.2 |  |  | $ | (0.9 | ) |  | $ | 14.3 |
(1) For the three and nine months ended February 29, 2016, the Company recognized a pretax loss of $2.9 related to the final adjustment to the working capital estimate from the sale of the Ed Tech business. (2) For the three and nine months ended February 28, 2015, Operating costs and expenses of the continuing operations included costs related to unabsorbed overhead burden associated with the Ed Tech business of $3.8 and $11.2, respectively. These costs were included in the Overhead segment. For the three and nine months ended February 28, 2015, $0.1 and $0.2, respectively, of the costs were recorded in Cost of goods sold and $3.7 and $11.0, respectively, were recorded in Selling, general and administrative expenses. The following table sets forth the assets and liabilities of the discontinued operations included in the condensed consolidated balance sheets of the Company:
| February 29, 2016 |  | May 31, 2015 |  | February 28, 2015
Accounts receivable, net | $ | 0.1 |  |  | $ | 2.5 |  |  | $ | 29.8 |
Inventories, net | — |  |  | 0.1 |  |  | 13.5 |
Prepaid expenses and other current assets | 0.5 |  |  | 0.5 |  |  | 1.1 |
Current assets of discontinued operations | $ | 0.6 |  |  | $ | 3.1 |  |  | $ | 44.4 |
Property, plant and equipment, net | — |  |  | — |  |  | 1.7 |
Prepublication costs, net | — |  |  | — |  |  | 90.1 |
Royalty advances, net | — |  |  | — |  |  | 1.0 |
Goodwill | — |  |  | — |  |  | 22.7 |
Other intangibles, net | — |  |  | — |  |  | 4.0 |
Other assets and deferred charges | — |  |  | — |  |  | 0.3 |
Noncurrent assets of discontinued operations | $ | — |  |  | $ | — |  |  | $ | 119.8 |
Capital lease obligation | — |  |  | — |  |  | 0.4 |
Accounts payable | — |  |  | 0.1 |  |  | 9.9 |
Accrued royalties | 0.1 |  |  | 0.7 |  |  | 5.2 |
Deferred revenue | 0.1 |  |  | 0.1 |  |  | 35.2 |
Other accrued expenses | 1.3 |  |  | 13.2 |  |  | 5.7 |
Current liabilities of discontinued operations | $ | 1.5 |  |  | $ | 14.1 |  |  | $ | 56.4 |
Capital lease obligation | — |  |  | — |  |  | 0.5 |
Other noncurrent liabilities | — |  |  | — |  |  | 0.3 |
Noncurrent liabilities of discontinued operations | $ | — |  |  | $ | — |  |  | $ | 0.8 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 + Details
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