Segment Information (Tables)

12 Months Ended

May 31, 2021

Schedule of segment reporting information by segment

The following table sets forth information for the Company’s segments for the three fiscal years ended May 31:


	Children's Book Publishing & Distribution		Education		Overhead (1)		Total Domestic		International		Total
2021
Revenues	$	664.7	$	312.3	$	—	$	977.0	$	323.3	$	1,300.3
Credit loss provision		0.0		2.8		—		2.8		2.4		5.2
Depreciation and amortization(2)		25.6		12.7		45.4		83.7		6.6		90.3
Asset impairments and write downs		2.6		—		8.5		11.1		—		11.1
Segment operating income (loss)		13.7		60.6		(121.0)		(46.7)		24.0		(22.7)
Segment assets at May 31, 2021		512.7		239.7		948.4		1,700.8		307.5		2,008.3
Goodwill at May 31, 2021		47.8		68.5		—		116.3		10.0		126.3
Expenditures for other non-current assets(3)		41.7		13.5		37.3		92.5		12.4		104.9
Other non-current assets at May 31, 2021(3)		165.0		124.3		481.7		771.0		88.3		859.3
2020
Revenues	$	875.4	$	287.3	$	—	$	1,162.7	$	324.4	$	1,487.1
Credit loss provision		5.8		2.5		—		8.3		7.3		15.6
Depreciation and amortization(2)		26.5		13.0		43.4		82.9		7.3		90.2
Asset impairments and write downs		—		—		40.0		40.0		0.6		40.6
Segment operating income (loss)		23.6		29.9		(135.5)		(82.0)		(6.5)		(88.5)
Segment assets at May 31, 2020		523.7		223.4		1,012.7		1,759.8		273.8		2,033.6
Goodwill at May 31, 2020		46.9		68.1		—		115.0		9.9		124.9
Expenditures for other non-current assets(3)		49.5		20.1		49.0		118.6		22.0		140.6
Other non-current assets at May 31, 2020(3)		169.6		123.8		499.8		793.2		74.6		867.8
2019
Revenues	$	990.3	$	297.4	$	—	$	1,287.7	$	366.2	$	1,653.9
Credit loss provision		3.8		1.4		—		5.2		1.8		7.0
Depreciation and amortization(2)		23.7		9.5		41.7		74.9		6.8		81.7
Asset impairments and write downs		—		—		0.9		0.9		—		0.9
Segment operating income (loss)		82.9		30.6		(102.3)		11.2		13.8		25.0
Segment assets at May 31, 2019		523.4		214.7		887.6		1,625.7		252.8		1,878.5
Goodwill at May 31, 2019		47.0		68.2		—		115.2		10.0		125.2
Expenditures for other non-current assets(3)		71.4		22.6		77.6		171.6		13.5		185.1
Other non-current assets at May 31, 2019(3)		175.0		116.3		507.7		799.0		65.3		864.3

(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.

(2)Includes depreciation of property, plant and equipment, amortization of intangible assets and prepublication, deferred financing and cloud computing costs.

(3) Other non-current assets include property, plant and equipment, prepublication costs, cloud computing costs, 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 $6.5, $17.3 and $8.2 for the fiscal years ended May 31, 2021, 2020 and 2019, respectively. Other non-current assets for the International reportable segment include long-lived assets of $46.7, $43.8 and $35.9 at May 31, 2021, 2020 and 2019, respectively.