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Discontinued Operations (Tables)
 12 Months Ended
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