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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Cash flows - operating activities:    
Net income (loss) $ 6.5 $ 12.3
Earnings (loss) from discontinued operations, net of tax (2.6) 14.3
Earnings (loss) from continuing operations 9.1 (2.0)
Adjustments to reconcile earnings from continuing operations to net cash provided by (used in) operating activities of continuing operations:    
Provision for losses on accounts receivable 8.9 8.9
Provision for losses on inventory 13.5 15.9
Provision for losses on royalty advances 2.6 2.9
Amortization of prepublication and production costs 20.6 22.8
Depreciation and amortization 30.6 37.1
Amortization of pension and post-retirement actuarial gains and losses 3.3 6.2
Deferred income taxes 0.7 (2.0)
Stock-based compensation 8.1 7.4
Income from equity investments (3.0) (1.8)
Non-cash write off related to asset impairments [1] 6.9 2.9
(Gain) loss on investments (2.2) (0.6)
Changes in assets and liabilities:    
Accounts receivable (8.3) 23.5
Inventories (93.2) (98.6)
Other current assets (41.1) (36.0)
Deferred promotion costs (3.6) (3.8)
Royalty advances (6.6) (6.5)
Accounts payable 41.5 42.0
Other accrued expenses (18.9) (17.6)
Accrued income taxes (151.6) (8.1)
Accrued royalties 26.8 21.3
Deferred revenue 31.6 29.2
Pension and post-retirement liability (3.9) 3.6
Other noncurrent liability (9.0) (0.7)
Other, net (4.6) (7.1)
Total adjustments (150.9) 40.9
Net cash provided by (used in) operating activities of continuing operations (141.8) 38.9
Net cash provided by (used in) operating activities of discontinued operations (9.8) 70.0
Net cash provided by (used in) operating activities (151.6) 108.9
Cash flows - investing activities:    
Prepublication and production expenditures (18.2) (21.8)
Additions to property, plant and equipment (22.0) (20.5)
Repayment of loan to investee 0.0 4.8
Other investment and acquisition related payments (3.7) (0.7)
Proceeds from the sale of investments 3.3 0.6
Net cash provided by (used in) investing activities of continuing operations (40.6) (37.6)
Working capital adjustment from sale of discontinued assets 2.9 0.0
Changes in restricted cash held in escrow for assets discontinued (sold) 17.2 0.0
Net cash provided by (used in) investing activities of discontinued operations 0.0 (22.4)
Net cash provided by (used in) investing activities (26.3) (60.0)
Cash flows - financing activities:    
Net borrowings under credit agreement and revolving loan 0.0 (55.0)
Borrowings under lines of credit 35.9 261.1
Repayment of lines of credit (33.1) (257.2)
Repayment of capital lease obligations (0.5) (0.2)
Reacquisition of common stock (5.8) (3.5)
Proceeds pursuant to stock-based compensation plans 34.2 14.5
Payment of dividends (15.4) (14.8)
Net collections (remittances) under transition services agreement 4.5 0.0
Other 4.4 1.2
Net cash provided by (used in) financing activities of continuing operations 24.2 (53.9)
Effect of exchange rate changes on cash and cash equivalents (1.2) (1.3)
Net increase (decrease) in cash and cash equivalents (154.9) (6.3)
Cash and cash equivalents at beginning of period 506.8 20.9
Cash and cash equivalents at end of period $ 351.9 $ 14.6
[1] iscal 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.