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Investments | 9 Months Ended
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Feb. 28, 2019
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 $36.7, $31.1 and $33.1 at February 28, 2019, May 31, 2018 and February 28, 2018, 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. The purchase agreement provides that, 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 and subject to the provisions of the purchase agreement. The net carrying value of this investment was $13.0, $10.6 and $11.2 at February 28, 2019, May 31, 2018 and February 28, 2018, 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 $23.7, $20.5 and $21.8 at February 28, 2019, May 31, 2018 and February 28, 2018, 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 at February 28, 2019 and May 31, 2018, and $0.1 at February 28, 2018. Income from equity investments reported in Selling, general and administrative expenses in the condensed consolidated statements of operations totaled $1.2 and $1.0 for the three months ended February 28, 2019 and February 28, 2018, respectively, and $5.7 and $3.7 for the nine months ended February 28, 2019 and February 28, 2018, respectively.

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