Segment Information (Tables)

9 Months Ended

Feb. 29, 2016

Schedule of Segment Reporting Information, by Segment



	Children’s Book Publishing & Distribution ⁽¹⁾			Education ⁽¹⁾		Overhead ^{(1) (2)}			Total Domestic			International ⁽¹⁾			Total
Three months ended February 29, 2016
Revenues	$	220.2		$	63.5	$	—		$	283.7		$	82.3		$	366.0
Bad debt expense	1.3			0.5		—			1.8			1.3			3.1
Depreciation and amortization ⁽³⁾	6.6			2.5		5.0			14.1			1.9			16.0
Asset impairments ⁽⁴⁾	3.7			3.2		—			6.9			—			6.9
Segment operating income (loss)	2.8			3.0		(20.5		)	(14.7		)	(1.7		)	(16.4		)
Expenditures for long-lived assets including royalty advances	11.5			2.9		6.9			21.3			2.3			23.6
Three months ended February 28, 2015
Revenues	$	206.2		$	54.2	$	—		$	260.4		$	86.1		$	346.5
Bad debt expense	1.6			0.5		—			2.1			0.7			2.8
Depreciation and amortization ⁽³⁾	8.7			2.8		5.1			16.6			2.0			18.6
Segment operating income (loss)	(2.9		)	3.3		(25.9		)	(25.5		)	0.8			(24.7		)
Expenditures for long-lived assets including royalty advances	11.1			1.9		4.3			17.3			3.7			21.0



	Children’s Book Publishing & Distribution ⁽¹⁾		Education ⁽¹⁾		Overhead ^{(1) (2)}			Total Domestic			International ⁽¹⁾		Total
Nine months ended February 29, 2016
Revenues	$	702.3	$	185.6	$	—		$	887.9		$	271.1	$	1,159.0
Bad debt expense	3.8		1.7		—			5.5			3.4		8.9
Depreciation and amortization ⁽³⁾	22.1		8.1		14.7			44.9			6.0		50.9
Asset impairments⁽⁴⁾	3.7		3.2		—			6.9			—		6.9
Segment operating income (loss)	54.2		12.1		(64.2		)	2.1			7.1		9.2
Segment assets at February 29, 2016	471.4		153.4		879.1			1,503.9			256.2		1,760.1
Goodwill at February 29, 2016	40.9		65.4		—			106.3			9.9		116.2
Expenditures for long-lived assets including royalty advances	32.3		5.9		15.1			53.3			10.5		63.8
Long-lived assets at February 29, 2016	144.7		82.1		380.2			607.0			67.0		674.0
Nine months ended February 28, 2015
Revenues	$	673.8	$	170.9	$	—		$	844.7		$	303.4	$	1,148.1
Bad debt expense	4.3		1.4		—			5.7			3.2		8.9
Depreciation and amortization ⁽³⁾	27.9		8.8		16.3			53.0			6.6		59.6
Asset impairments ⁽⁴⁾	—		—		2.9			2.9			—		2.9
Segment operating income (loss)	45.2		12.3		(75.7		)	(18.2		)	17.6		(0.6		)
Segment assets at February 28, 2015	459.3		152.9		523.9			1,136.1			251.2		1,387.3
Goodwill at February 28, 2015	46.3		65.4		—			111.7			10.0		121.7
Expenditures for long-lived assets including royalty advances	39.9		5.2		8.2			53.3			10.4		63.7
Long-lived assets at February 28, 2015	156.0		88.5		380.1			624.6			64.1		688.7


(1)	As indicated in Note 2, “Discontinued Operations,” the Company closed or sold several operations during 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 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 and its facility located in Connecticut.


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


(4)	Fiscal 2016 includes impairment charges associated with certain legacy prepublication assets. Fiscal 2015 includes an asset impairment related to the closure of a retail store in New York City.