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Discontinued Operations (Tables)
 9 Months Ended
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