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Discontinued Operations (Tables) | 12 Months Ended
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May 31, 2017
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of discontinued operations impact on income statement and balance sheet | The following table summarizes the operating results of the discontinued operations for the fiscal year ended May 31, 2017. Fiscal year 2017 operating results primarily relate to insignificant continuing cash flows from passive activities:
| Ed Tech |  | All Other |  | Total
Revenues | $ | 0.0 |  |  | $ | 0.4 |  |  | $ | 0.4 |
Operating costs and expenses | 0.8 |  |  | 0.1 |  |  | 0.9 |
Interest income (expense) | — |  |  | 0.1 |  |  | 0.1 |
Earnings (loss) before income taxes | $ | (0.8 | ) |  | $ | 0.4 |  |  | $ | (0.4 | )
Provision (benefit) for income taxes | (0.3 | ) |  | 0.1 |  |  | (0.2 | )
Earnings (loss) from discontinued operations, net of tax | $ | (0.5 | ) |  | $ | 0.3 |  |  | $ | (0.2 | )
The following table summarizes the operating results of the discontinued operations for the fiscal year ended May 31, 2016:
| Ed Tech |  | All Other |  | Total
Revenues | $ | 0.0 |  |  | $ | 0.8 |  |  | $ | 0.8 |
Operating costs and expenses (1) | 1.5 |  |  | 1.2 |  |  | 2.7 |
Interest income (expense) | — |  |  | 0.1 |  |  | 0.1 |
Gain (loss) on sale | (2.9 | ) |  | — |  |  | (2.9 | )
Earnings (loss) before income taxes | $ | (4.4 | ) |  | $ | (0.3 | ) |  | $ | (4.7 | )
Provision (benefit) for income taxes | (1.1 | ) |  | (0.1 | ) |  | (1.2 | )
Earnings (loss) from discontinued operations, net of tax | $ | (3.3 | ) |  | $ | (0.2 | ) |  | $ | (3.5 | )
1) Gain (loss) on sale included the finalization of the working capital adjustments from the sale of the Ed Tech business, resulting in a payment to the purchaser of $2.9. The following table summarizes the operating results of the discontinued operations for the fiscal year ended May 31, 2015:
| Ed Tech |  | All Other |  | Total
Revenues | $ | 217.4 |  |  | $ | 11.7 |  |  | $ | 229.1 |
Operating costs and expenses (1) | 208.8 |  |  | 14.5 |  |  | 223.3 |
Interest income (expense) | — |  |  | 0.1 |  |  | 0.1 |
Gain (loss) on sale | 454.0 |  |  | — |  |  | 454.0 |
Earnings (loss) before income taxes | $ | 462.6 |  |  | $ | (2.7 | ) |  | $ | 459.9 |
Provision (benefit) for income taxes | 181.8 |  |  | (1.0 | ) |  | 180.8 |
Earnings (loss) from discontinued operations, net of tax | $ | 280.8 |  |  | $ | (1.7 | ) |  | $ | 279.1 |
(1) Operating costs and expenses included costs related to unabsorbed overhead burden associated with the former educational technology and services business of $15.8. The following table sets forth the assets and liabilities of the discontinued operations included in the Consolidated Balance Sheets of the Company as of May 31:
| 2017 |  | 2016
Accounts receivable, net | $ | 0.0 |  |  | $ | 0.0 |
Prepaid expenses and other current assets | 0.4 |  |  | 0.5 |
Current assets of discontinued operations | $ | 0.4 |  |  | $ | 0.5 |
Accounts payable | — |  |  | 0.0 |
Accrued royalties | 0.5 |  |  | 0.0 |
Other accrued expenses | — |  |  | 1.2 |
Current liabilities of discontinued operations | $ | 0.5 |  |  | $ | 1.2 |

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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=65878427&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=64827811&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=64827811&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=64827811&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=64827811&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=64862545&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=64827811&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=64827811&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=64862545&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=64827811&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=64827811&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=64827811&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=64827811&loc=SL51721677-107760 + Details
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