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Investments | 3 Months Ended
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Aug. 31, 2017
Equity Method And Cost Method Investments [Abstract] |
Investments | INVESTMENTS Included in “Other assets and deferred charges” on the Company’s condensed consolidated balance sheets were investments of $28.7, $28.6 and $25.5 at August 31, 2017, May 31, 2017 and August 31, 2016, respectively. The Company's 48.5% equity interest in Make Believe Ideas Limited (MBI), a UK-based children's book publishing company, is accounted for using the equity method of accounting. Under the purchase agreement, and subject to its provisions, the Company will likely purchase the remaining outstanding shares in MBI following the completion of MBI's accounts for the calendar year 2018. The net carrying value of this investment was $9.3, $8.6 and $7.8 at August 31, 2017, May 31, 2017 and August 31, 2016, respectively. Equity method income from this investment is reported in the International segment. The Company’s 26.2% non-controlling interest in a separate children’s book publishing business located in the UK is accounted for using the equity method of accounting. The net carrying value of this investment was $19.4, $20.0 and $17.7 at August 31, 2017, May 31, 2017 and August 31, 2016, respectively. Equity method income from this investment is reported in the International segment. The Company has other equity and cost method investments that had a net carrying value of less than $0.1, less than $0.1 and less than $0.1 at August 31, 2017, May 31, 2017 and August 31, 2016, respectively. Income from equity investments reported in "Selling, general and administrative expenses" in the condensed consolidated statements of operations totaled $1.2 and $1.8 for the three months ended August 31, 2017 and August 31, 2016, respectively.

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