XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Information | 9 Months Ended
--- | ---
Feb. 28, 2018
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The Company categorizes its businesses into three reportable segments: Children’s Book Publishing and Distribution and Education, which comprise the Company's domestic operations; and International.
• | Children’s Book Publishing and Distribution operates as an integrated business which includes the publication and distribution of children’s books, ebooks, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. This segment is comprised of three operating segments.
• | Education includes the publication and distribution to schools and libraries of children’s books, classroom magazines, supplemental and core classroom materials and related support services, and print and on-line reference and non-fiction products for grades pre-kindergarten to 12 in the United States. This segment is comprised of two operating segments.
• | International includes the publication and distribution of products and services outside the United States by the Company’s international operations, and its export and foreign rights businesses. This segment is comprised of three operating segments.
| Children’s Book Publishing & Distribution |  | Education |  | Overhead (1) |  | Total Domestic |  | International |  | Total
Three months ended February 28, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 199.4 |  |  | $ | 61.7 |  |  | $ | — |  |  | $ | 261.1 |  |  | $ | 83.6 |  |  | $ | 344.7 |
Bad debt | 0.7 |  |  | 0.4 |  |  | — |  |  | 1.1 |  |  | 0.6 |  |  | 1.7 |
Depreciation and amortization (2) | 5.4 |  |  | 2.3 |  |  | 7.5 |  |  | 15.2 |  |  | 1.8 |  |  | 17.0 |
Asset impairments | — |  |  | — |  |  | 4.3 |  |  | 4.3 |  |  | — |  |  | 4.3 |
Segment operating income (loss) | (0.9 | ) |  | (0.2 | ) |  | (23.3 | ) |  | (24.4 | ) |  | 0.7 |  |  | (23.7 | )
Expenditures for other non-current assets (3) | 17.2 |  |  | 5.0 |  |  | 29.7 |  |  | 51.9 |  |  | 5.7 |  |  | 57.6 |
Three months ended February 28, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 199.0 |  |  | $ | 60.1 |  |  | $ | — |  |  | $ | 259.1 |  |  | $ | 77.1 |  |  | $ | 336.2 |
Bad debt | 0.1 |  |  | 0.4 |  |  | — |  |  | 0.5 |  |  | 1.1 |  |  | 1.6 |
Depreciation and amortization (2) | 5.3 |  |  | 2.1 |  |  | 6.0 |  |  | 13.4 |  |  | 1.6 |  |  | 15.0 |
Segment operating income (loss) | 6.3 |  |  | 3.5 |  |  | (30.8 | ) |  | (21.0 | ) |  | (3.7 | ) |  | (24.7 | )
Expenditures for other non-current assets (3) | 14.9 |  |  | 2.8 |  |  | 13.9 |  |  | 31.6 |  |  | 2.5 |  |  | 34.1 |
| Children’s Book Publishing & Distribution |  | Education |  | Overhead (1) |  | Total Domestic |  | International |  | Total
Nine months ended February 28, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 678.0 |  |  | $ | 177.6 |  |  | $ | — |  |  | $ | 855.6 |  |  | $ | 276.6 |  |  | $ | 1,132.2 |
Bad debt expense | 3.4 |  |  | 1.4 |  |  |  |  |  | 4.8 |  |  | 3.1 |  |  | 7.9 |
Depreciation and amortization (2) | 15.8 |  |  | 6.6 |  |  | 20.7 |  |  | 43.1 |  |  | 5.2 |  |  | 48.3 |
Asset impairments | — |  |  | — |  |  | 11.0 |  |  | 11.0 |  |  | — |  |  | 11.0 |
Segment operating income (loss) | 55.3 |  |  | (8.9 | ) |  | (77.3 | ) |  | (30.9 | ) |  | 12.6 |  |  | (18.3 | )
Segment assets at February 28, 2018 | 494.8 |  |  | 179.1 |  |  | 886.1 |  |  | 1,560.0 |  |  | 273.7 |  |  | 1,833.7 |
Goodwill at February 28, 2018 | 40.9 |  |  | 68.2 |  |  | — |  |  | 109.1 |  |  | 10.0 |  |  | 119.1 |
Expenditures for other non-current assets (3) | 44.9 |  |  | 12.5 |  |  | 78.4 |  |  | 135.8 |  |  | 10.7 |  |  | 146.5 |
Other non-current assets at February 28, 2018 (3) | 152.0 |  |  | 99.7 |  |  | 466.5 |  |  | 718.2 |  |  | 75.5 |  |  | 793.7 |
Nine months ended February 28, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 769.3 |  |  | $ | 186.4 |  |  | $ | — |  |  | $ | 955.7 |  |  | $ | 286.3 |  |  | $ | 1,242.0 |
Bad debt expense | 3.3 |  |  | 0.9 |  |  | — |  |  | 4.2 |  |  | 5.1 |  |  | 9.3 |
Depreciation and amortization (2) | 16.6 |  |  | 6.2 |  |  | 17.4 |  |  | 40.2 |  |  | 5.6 |  |  | 45.8 |
Segment operating income (loss) | 91.2 |  |  | 7.8 |  |  | (91.3 | ) |  | 7.7 |  |  | 17.2 |  |  | 24.9 |
Segment assets at February 28, 2017 | 478.4 |  |  | 158.8 |  |  | 948.7 |  |  | 1,585.9 |  |  | 261.3 |  |  | 1,847.2 |
Goodwill at February 28, 2017 | 40.9 |  |  | 65.4 |  |  | — |  |  | 106.3 |  |  | 9.9 |  |  | 116.2 |
Expenditures for other non-current assets (3) | 52.2 |  |  | 7.8 |  |  | 28.5 |  |  | 88.5 |  |  | 8.5 |  |  | 97.0 |
Other non-current assets at February 28, 2017 (3) | 146.9 |  |  | 83.7 |  |  | 398.6 |  |  | 629.2 |  |  | 66.4 |  |  | 695.6 |
(1) | Overhead includes all domestic corporate amounts not allocated to 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 and its facility located in Connecticut.
(2) | Includes depreciation of property, plant and equipment and amortization of intangible assets and prepublication and production costs.
(3) | Other non-current assets include property, plant and equipment, prepublication assets, production assets, royalty advances, goodwill, intangible assets and investments. Expenditures for other non-current assets for the International reportable segment include expenditures for long-lived assets of $3.6 and $1.5 for the three months and $6.6 and $4.8 for the nine months ended February 28, 2018 and February 28, 2017, respectively. Other non-current assets for the International reportable segment include long-lived assets of $35.8 and $33.4 as of February 28, 2018 and February 28, 2017, respectively.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration