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Investments | 12 Months Ended
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May 31, 2018
Equity Method And Cost Method Investments [Abstract] |
Investments | INVESTMENTS Included in the Other assets and deferred charges section of the Company’s Consolidated Balance Sheets were investments of $31.1 and $28.6 at May 31, 2018 and May 31, 2017, 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 purchase the remaining outstanding shares in MBI following the completion of MBI's accounts for the calendar year 2018. Equity method income from this investment is reported in the International segment. The net carrying value of this investment was $10.6 and $8.6 at May 31, 2018 and May 31, 2017, respectively. The Company’s 26.2% equity interest in a separate children’s book publishing business located in the UK is accounted for using the equity method of accounting. Equity method income from this investment is reported in the International segment. The net carrying value of this investment was $20.5 and $20.0 at May 31, 2018 and May 31, 2017, respectively. The Company has other equity and cost method investments with a net carrying value of less than $0.1 and less than $0.1 at May 31, 2018 and May 31, 2017, respectively. Income from equity investments reported in Selling, general and administrative expenses in the Consolidated Statements of Operations totaled $4.8 for the year ended May 31, 2018, $5.3 for the year ended May 31, 2017 and $3.5 for the year ended May 31, 2016. For the year ended May 31, 2016, the Company recognized a pretax gain of $2.2 on the sale of a cost method investment in China.

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