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Investments | 12 Months Ended
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May 31, 2019
Equity Method And Cost Method Investments [Abstract] |
Investments | INVESTMENTS Included in Other assets and deferred charges in the Company’s Consolidated Balance Sheets were investments of $29.4 and $31.1 at May 31, 2019 and May 31, 2018, respectively. The Company’s 26.2% equity interest in a 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 $23.4 and $20.5 at May 31, 2019 and May 31, 2018, respectively. In April 2019, the Company acquired an equity investment for $6.0, which provided a 4.6% ownership interest in a financing and production company that will make film, television, and digital programming designed for the youth market. This equity investment does not have a readily determinable fair value and the Company has elected to apply the measurement alternative, and report this investment at cost, less impairment, on the Company's Consolidated Balance Sheets. There have been no impairments or adjustments to the carrying value of this investment. 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, 2019 and May 31, 2018, respectively. In fiscal 2018, the Company's 48.5% equity interest in Make Believe Ideas Limited ("MBI"), a UK-based children's book publishing company, was accounted for using the equity method of accounting. As of May 31, 2019, this entity is fully consolidated and the Company no longer has an equity method investment related to MBI due to the additional equity interest acquired in fiscal 2019. Reference is made to Note 9, "Acquisitions," for details of the transaction and the related accounting. In fiscal 2018, equity method income from this investment was reported in the International segment. The net carrying value of this investment was $10.6 at May 31, 2018. Income from equity investments reported in Selling, general and administrative expenses in the Consolidated Statements of Operations totaled $5.9 for the year ended May 31, 2019, $4.8 for the year ended May 31, 2018 and $5.3 for the year ended May 31, 2017.

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