XML 49 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information (Tables)
 12 Months Ended
May 31, 2017
Segment Reporting [Abstract]  
Schedule of segment reporting information by segment
The following table sets forth information for the Company’s segments for the three fiscal years ended May 31:
 
Children's
Book
Publishing &
Distribution (1)
 
Education (1)
 
Overhead (1) (2)
 
Total
Domestic
 
International (1)
 
Total
2017
 

 
 

 
 

 
 

 
 

 
 

Revenues
$
1,052.1

 
$
312.7

 
$
—

 
$
1,364.8

 
$
376.8

 
$
1,741.6

Bad debts
4.2

 
1.1

 
—

 
5.3

 
5.7

 
11.0

Depreciation and amortization(3)
22.5

 
8.5

 
23.6

 
54.6

 
7.4

 
62.0

Asset impairments
—

 
1.1

 
5.7

 
6.8

 
—

 
6.8

Segment operating income (loss)
143.1

 
50.7

 
(123.6
)
 
70.2

 
18.7

 
88.9

Segment assets at May 31, 2017
395.7

 
200.6

 
922.2

 
1,518.5

 
241.5

 
1,760.0

Goodwill at May 31, 2017
40.9

 
68.0

 
—

 
108.9

 
10.0

 
118.9

Expenditures for other non-current assets(4)
63.6

 
21.8

 
54.5

 
139.9

 
11.5

 
151.4

Other non-current assets at May 31, 2017(4)
140.2

 
93.9

 
418.2

 
652.3

 
67.1

 
719.4

2016
 

 
 

 
 

 
 

 
 

 
 

Revenues
$
1,000.9

 
$
299.7

 
$
—

 
$
1,300.6

 
$
372.2

 
$
1,672.8

Bad debts
5.6

 
1.8

 
—

 
7.4

 
4.9

 
12.3

Depreciation and amortization(3)
26.5

 
11.8

 
19.0

 
57.3

 
8.0

 
65.3

Asset impairments
—

 
6.9

 
7.5

 
14.4

 
—

 
14.4

Segment operating income (loss)
120.6

 
42.8

 
(107.2
)
 
56.2

 
11.4

 
67.6

Segment assets at May 31, 2016
394.4

 
172.8

 
898.0

 
1,465.2

 
247.4

 
1,712.6

Goodwill at May 31, 2016
40.9

 
65.4

 
—

 
106.3

 
9.9

 
116.2

Expenditures for other non-current assets(4)
46.3

 
9.1

 
26.6

 
82.0

 
13.8

 
95.8

Other non-current assets at May 31, 2016(4)
144.4

 
82.6

 
379.2

 
606.2

 
66.6

 
672.8

2015
 

 
 

 
 

 
 

 
 

 
 

Revenues
$
957.8

 
$
276.8

 
$
—

 
$
1,234.6

 
$
401.2

 
$
1,635.8

Bad debts
5.3

 
1.9

 
—

 
7.2

 
3.4

 
10.6

Depreciation and amortization(3)
35.4

 
13.2

 
21.3

 
69.9

 
8.4

 
78.3

Asset impairments
10.2

 
—

 
2.9

 
13.1

 
2.7

 
15.8

Segment operating income (loss)
94.6

 
39.4

 
(121.7
)
 
12.3

 
20.6

 
32.9

Segment assets at May 31, 2015
378.3

 
178.3

 
1,014.6

 
1,571.2

 
248.0

 
1,819.2

Goodwill at May 31, 2015
40.9

 
65.4

 
—

 
106.3

 
10.0

 
116.3

Expenditures for other non-current assets(4)
51.7

 
11.1

 
11.6

 
74.4

 
21.1

 
95.5

Other non-current assets at May 31, 2015(4)
140.2

 
92.9

 
378.5

 
611.6

 
68.5

 
680.1


(1)
As discussed in Note 2, “Discontinued Operations,” the Company closed or sold several operations during the fourth quarter of 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 operating 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, its facility located in Connecticut and unabsorbed burden associated with the former educational technology and services business.
(3)
Includes depreciation of property, plant and equipment and amortization of intangible assets and prepublication and production costs.