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iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure As discussed in Note 3, "Discontinued Operations," the Company closed or sold several operations during fiscal 2010 and the first quarter of fiscal 2012 and presently holds for sale one facility. All of these businesses are classified as discontinued operations in the Company's financial statements and, as such, are not reflected in this table. During the first quarter of fiscal 2011, the Company determined that its Danbury Facility was no longer "held for sale." Accordingly, the assets, liabilities and results of operations of the Danbury Facility are included in continuing operations for all periods presented. Includes assets and results of operations acquired in a business acquisition as of September 9, 2010. Includes assets and results of operations acquired in a business acquisition as of February 8, 2012. 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. Overhead also includes amounts previously allocated to the Media, Licensing and Advertising segment for the Company's direct-to-home toy catalog business that was discontinued in the first quarter of fiscal 2012. Includes assets and results of operations acquired in a business acquisition as of January 3, 2012 Includes depreciation of property, plant and equipment and amortization of intangible assets. Includes amortization of prepublication and production costs.

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SCHOLASTIC CORP 10-K --05-31 29816389 1656200 672608413 false 0000866729 Yes No Large Accelerated Filer Yes 2012 FY 2012-05-31

1. DESCRIPTION OF THE BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of the business Scholastic Corporation (the “Corporation” and together with its subsidiaries, “Scholastic” or the “Company”) is a global children’s publishing, education and media company. Since its founding in 1920, Scholastic has emphasized quality products and a dedication to reading and learning. The Company is the world’s largest publisher and distributor of children’s books. It is also a leading developer of educational technology products and ebooks for children. Scholastic also creates quality educational and entertainment materials and products for use in school and at home, including magazines, ebooks, children’s reference and non-fiction materials, teacher materials, television programming and film. The Company is a leading operator of school-based book clubs and book fairs in the United States. It distributes its products and services through these proprietary channels, as well as directly to schools and libraries, through retail stores and through the internet. The Company’s website, scholastic.com, is a leading site for teachers, classrooms and parents and an award-winning destination for children. In addition to its operations in the United States, Scholastic has operations in Canada, the United Kingdom, Australia, New Zealand, Ireland, India, China, Singapore and other parts of Asia, and, through its export business, sells products in over 140 countries. Basis of presentation Principles of consolidation The consolidated financial statements include the accounts of the Corporation and all wholly-owned and majority-owned subsidiaries. All significant intercompany transactions are eliminated in consolidation. Change in Reportable Segments During the first quarter of fiscal 2012, the Company determined that its reportable segment structure is now comprised of five reportable segments: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="4%" valign="top">   </td> <td width="96%" valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Children’s Book Publishing and Distribution </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Educational Technology and Services </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Classroom and Supplemental Materials Publishing </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Media, Licensing and Advertising </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> International </td> </tr> </table> Accordingly, the Company has presented segment data in prior periods consistent with this change in reportable segments. Discontinued Operations The Company closed or sold several operations during fiscal 2009 and 2010, and presently holds for sale one facility. During the first quarter of fiscal 2012, the Company ceased operations in its direct-to-home catalog business specializing in toys. This business was a separate reporting unit included in the Media, Licensing and Advertising segment. All of these businesses are classified as discontinued operations in the Company’s financial statements. Use of estimates The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements involves the use of estimates and assumptions by management, which affects the amounts reported in the consolidated financial statements and accompanying notes. The Company bases its estimates on historical experience, current business factors, and various other assumptions believed to be reasonable under the circumstances, all of which are necessary in order to form a basis for determining the carrying values of assets and liabilities. Actual results may differ from those estimates and assumptions. The Company’s significant estimates include those developed for: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="4%" valign="top">   </td> <td width="96%" valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Accounts receivable, returns and allowances </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Pension and post-retirement obligations </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Uncertain tax positions </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Inventory reserves </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Gross profits for book fair operations during interim periods </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Sales taxes </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Royalty advance reserves </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Customer reward programs </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Impairment testing for goodwill, intangibles and other long-lived assets </td> </tr> </table> Summary of Significant Accounting Policies Revenue recognition The Company’s revenue recognition policies for its principal businesses are as follows: School-Based Book Clubs – Revenue from school-based book clubs is recognized upon shipment of the products. For ebooks, revenue is recognized upon electronic delivery to the customer. School-Based Book Fairs – Revenues associated with school-based book fairs are related to sales of product. Book fairs are typically run by schools and/or parent teacher organizations over a five business-day period. At the end of reporting periods, the Company defers estimated revenue for those fairs that have not been completed as of the period end based on the number of fair days occurring after period end on a straight-line calculation of the full fair’s revenue. Trade –Revenue from the sale of children’s books for distribution in the retail channel is primarily recognized when risks and benefits transfer to the customer, or when the product is on sale and available to the public. For newly published titles, the Company, on occasion, contractually agrees with its customers when the publication may be first offered for sale to the public, or an agreed upon “Strict Laydown Date.” For such titles, the risks and benefits of the publication are not deemed to be transferred to the customer until such time that the publication can contractually be sold to the public, and the Company defers revenue on sales of such titles until such time as the customer is permitted to sell the product to the public. Revenue for ebooks, which is the net amount received from the retailer, is recognized upon electronic delivery to the customer by the retailer. A reserve for estimated returns is established at the time of sale and recorded as a reduction to revenue. Actual returns are charged to the reserve as received. The calculation of the reserve for estimated returns is based on historical return rates, sales patterns and expectations. Actual returns could differ from the Company’s estimate. A reserve for estimated bad debts is established at the time of sale and is based on the aging of accounts receivable and specific reserves on a customer-by-customer basis. Educational Technology and Services – For shipments to schools, revenue is recognized when risks and benefits transfer to the customer. Shipments to depositories are on consignment and revenue is recognized based on actual shipments from the depositories to the schools. For certain software-based products, the Company offers new customers installation, maintenance and training with these products and, in such cases, revenue is deferred and recognized as services are delivered or over the life of the contract. Revenues from contracts with multiple deliverables are recognized as each deliverable is earned, based on the relative selling price of each deliverable, provided the deliverable has value to customers on a standalone basis, the customer has full use of the deliverable and there is no further obligation from the Company. If there is a right of return, revenue is recognized if delivery of the undelivered items or services is probable and substantially in control of the Company. Classroom and Supplemental Materials Publishing – Revenue from the sale of classroom and supplemental materials is recognized upon shipment of the products. Film Production and Licensing – Revenue from the sale of film rights, principally for the home video and domestic and foreign television markets, is recognized when the film has been delivered and is available for showing or exploitation. Licensing revenue is recorded in accordance with royalty agreements at the time the licensed materials are available to the licensee and collections are reasonably assured. Magazines – Revenue is deferred and recognized ratably over the subscription period, as the magazines are delivered. Magazine Advertising – Revenue is recognized when the magazine is for sale and available to the subscribers. Scholastic In-School Marketing – Revenue is recognized when the Company has satisfied its obligations under the program and the customer has acknowledged acceptance of the product or service. Certain revenues may be deferred pending future deliverables. Cash equivalents Cash equivalents consist of short-term investments with original maturities of three months or less. The Consolidated Balance Sheets include restricted cash of $1.0 and $0.5 at May 31, 2012 and 2011, respectively, which is reported in “Other current assets.” Accounts receivable Accounts receivable are recorded net of allowances for doubtful accounts and reserves for returns. In the normal course of business, the Company extends credit to customers that satisfy predefined credit criteria. The Company is required to estimate the collectability of its receivables. Reserves for returns are based on historical return rates and sales patterns. The Company’s return reserve balance is greater than typical as of May 31, 2012 due to increased trade sales in the second half of fiscal 2012. In order to develop the estimate of returns that will be received subsequent to May 31, 2012, management considers patterns of sales and returns in the months preceding May 31, 2012, as well as actual returns received subsequent to year end, available sell-through information and other return rate information that management believes is relevant. The timing of the increased trade sales creates a higher degree of uncertainty than is typically the case regarding its return reserve and such reserve could be subject to significant changes in succeeding quarters based on actual return activity in the first half of fiscal 2013. Allowances for doubtful accounts are established through the evaluation of accounts receivable aging and prior collection experience to estimate the ultimate collectability of these receivables. At the time the Company determines that a receivable balance, or any portion thereof, is deemed to be permanently uncollectable, the balance is then written off. Inventories Inventories, consisting principally of books, are stated at the lower of cost, using the first-in, first-out method, or market. The Company records a reserve for excess and obsolete inventory based upon a calculation using the historical usage rates, sales patterns of its products and specifically identified obsolete inventory. In fiscal 2012, in response to changing trends in the children’s book market, the Company changed its estimate for inventory obsolescence and recorded an increase in the reserve of $17.9 million. Property, plant and equipment Property, plant and equipment are stated at cost. Depreciation and amortization are recorded on a straight-line basis, over the estimated useful lives of the assets. Buildings have an estimated useful life, for purposes of depreciation, of forty years. Capitalized software, net of accumulated amortization, was $57.2 and $59.2 at May 31, 2012 and 2011, respectively. Capitalized software is depreciated over a period of three to seven years. Amortization expense for capitalized software was $27.6, $25.8 and $25.0 for the fiscal years ended May 31, 2012, 2011 and 2010, respectively. Furniture, fixtures and equipment are depreciated over periods not exceeding ten years. Leasehold improvements are amortized over the life of the lease or the life of the assets, whichever is shorter. Included in Depreciation and amortization is $1.1 related to capitalized leases for the year ended May 31, 2012. The Company evaluates the depreciation periods of property, plant and equipment to determine whether events or circumstances indicate that the asset’s carrying value is not recoverable or warrant revised estimates of useful lives. Leases Lease agreements are evaluated to determine whether they are capital or operating leases. When substantially all of the risks and benefits of property ownership have been transferred to the Company, as determined by the test criteria in the current authoritative guidance, the lease is recognized as a capital lease. Capital leases are capitalized at the lower of the net present value of the total amount of rent payable under the leasing agreement (excluding finance charges) or the fair market value of the leased asset. Capital lease assets are depreciated on a straight-line basis, over a period consistent with the Company’s normal depreciation policy for tangible fixed assets, but not exceeding the lease term. Interest charges are expensed over the period of the lease in relation to the carrying value of the capital lease obligation. Rent expense for operating leases, which may include free rent or fixed escalation amounts in addition to minimum lease payments, is recognized on a straight-line basis over the duration of each lease term. Sublease income is recognized on a straight-line basis over the duration of each lease term. To the extent expected sublease income is less than expected rental payments the Company recognizes a current loss on the difference between the fair values of the sublease and the rental payments. Prepublication costs The Company capitalizes the art, prepress, editorial, digital conversion and other costs incurred in the creation of the master copy of a book or other media (the “prepublication costs”). Prepublication costs are amortized on a straight-line basis over a three-to-seven-year period based on expected future revenues. The Company regularly reviews the recoverability of the capitalized costs based on expected future revenues. Royalty advances Royalty advances are initially capitalized and subsequently expensed as related revenues are earned or when the Company determines future recovery through earndowns is not probable. The Company has a long history of providing authors with royalty advances, and it tracks each advance earned with respect to the sale of the related publication. The royalties earned are applied first against the remaining unearned portion of the advance. Historically, the longer the unearned portion of the advance remains outstanding, the less likely it is that the Company will recover the advance through the sale of the publication. The Company applies this historical experience to its existing outstanding royalty advances to estimate the likelihood of recoveries through earndowns. Additionally, the Company’s editorial staff regularly reviews its portfolio of royalty advances to determine if individual royalty advances are not recoverable through earndowns for discrete reasons, such as the death of an author prior to completion of a title or titles, a Company decision to not publish a title, poor market demand or other relevant factors that could impact recoverability. Goodwill and intangible assets Goodwill and other intangible assets with indefinite lives are not amortized and are reviewed for impairment annually or more frequently if impairment indicators arise. With regard to goodwill, the Company compares the estimated fair value of its identified reporting units to the carrying value of the net assets. The Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of its identified reporting unit is less than its carrying value. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount the Company performs the two-step test. For each of the reporting units, the estimated fair value is determined utilizing the expected present value of the projected future cash flows of the units, in addition to comparisons to similar companies. The Company reviews its definition of reporting units annually or more frequently if conditions indicate that the reporting units may change. The Company evaluates its operating segments to determine if there are components one level below the operating segment. A component is present if discrete financial information is available, and segment management regularly reviews the operating results of the business. If an operating segment only contains a single component, that component is determined to be a reporting unit for goodwill impairment testing purposes. If an operating segment contains multiple components, the Company evaluates the economic characteristics of these components. Any components within an operating segment that share similar economic characteristics are aggregated and deemed to be a reporting unit for goodwill impairment testing purposes. Components within the same operating segment that do not share similar economic characteristics are deemed to be individual reporting units for goodwill impairment testing purposes. The Company has identified eleven separate reporting units for goodwill impairment testing purposes. With regard to other intangibles with indefinite lives, the Company determines the fair value by asset, which is then compared to its carrying value. The estimated fair value is determined utilizing the expected present value of the projected future cash flows of the asset. Intangible assets with definite lives consist principally of customer lists, covenants not to compete, and certain other intellectual property assets and are amortized over their expected useful lives. Customer lists are amortized on a straight-line basis over a five-year period, while covenants not to compete are amortized on a straight-line basis over their contractual term. Other intellectual property assets are amortized over their remaining useful lives which range primarily from three to ten years. Income taxes The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and the tax basis of assets and liabilities and are measured using enacted tax rates and laws that will be in effect when the differences are expected to enter into the determination of taxable income. The Company believes that its taxable earnings, during the periods when the temporary differences giving rise to deferred tax assets become deductible or when tax benefit carryforwards may be utilized, should be sufficient to realize the related future income tax benefits. For those jurisdictions where the expiration date of the tax benefit carryforwards or the projected taxable earnings indicates that realization is not likely, the Company establishes a valuation allowance. In assessing the need for a valuation allowance, the Company estimates future taxable earnings, with consideration for the feasibility of ongoing tax planning strategies and the realizability of tax benefit carryforwards, to determine which deferred tax assets are more likely than not to be realized in the future. Valuation allowances related to deferred tax assets can be impacted by changes to tax laws, changes to statutory tax rates and future taxable earnings. In the event that actual results differ from these estimates in future periods, the Company may need to adjust the valuation allowance. The Company accounts for uncertain tax positions using a two-step method. Recognition occurs when an entity concludes that a tax position, based solely on technical merits, is more likely than not to be sustained upon examination. If a tax position is more likely than not to be sustained upon examination, the amount recognized is the largest amount of benefit, determined on a cumulative probability basis, which is more likely than not to be realized upon settlement. The Company assesses all income tax positions and adjusts its reserves against these positions periodically based upon these criteria. The Company also assesses potential penalties and interest associated with these tax positions, and includes these amounts as a component of income tax expense. In calculating the provision for income taxes on an interim basis, the Company uses an estimate of the annual effective tax rate based upon the facts and circumstances known. The Company’s effective tax rate is based on expected income and statutory tax rates and permanent differences between financial statement and tax return income applicable to the Company in the various jurisdictions in which the Company operates. The Company assesses foreign investment levels periodically to determine if all or a portion of the Company’s investments in foreign subsidiaries are indefinitely invested. When amounts are determined not to be indefinitely invested, the Company provides income taxes based upon the expected repatriation. Non-income Taxes The Company is subject to tax examinations for sales-based taxes. A number of these examinations are ongoing and, in certain cases, have resulted in assessments from taxing authorities. Where a liability associated with these examinations and assessments is probable and can be reliably estimable, the Company has made accruals for these matters which are reflected in the Company’s Consolidated Financial Statements. These amounts are included in the Consolidated Financial Statements in Selling, general and administrative expenses. Future developments relating to the foregoing could result in adjustments being made to these accruals. Unredeemed incentive credits The Company employs incentive programs to encourage sponsor participation in its book clubs and book fairs. These programs allow the sponsors to accumulate credits which can then be redeemed for Company products or other items offered by the Company. The Company recognizes a liability for the estimated costs of providing these credits at the time of the recognition of revenue for the underlying purchases of Company product that resulted in the granting of the credits. As the credits are redeemed, such liability is reduced. Other noncurrent liabilities All of the rate assumptions discussed below impact the Company’s calculations of its pension and post-retirement obligations. The rates applied by the Company are based on the portfolios’ past average rates of return, discount rates and actuarial information. Any change in market performance, interest rate performance, assumed health care costs trend rate or compensation rates could result in significant changes in the Company’s pension and post-retirement obligations. Pension obligations – Scholastic Corporation and certain of its subsidiaries have defined benefit pension plans covering the majority of their employees who meet certain eligibility requirements. The Company’s pension plans and other post-retirement benefits are accounted for using actuarial valuations. The Company’s pension calculations are based on three primary actuarial assumptions: the discount rate, the long-term expected rate of return on plan assets, and the anticipated rate of compensation increases. The discount rate is used in the measurement of the projected, accumulated and vested benefit obligations and the interest cost component of net periodic pension costs. The long-term expected return on plan assets is used to calculate the expected earnings from the investment or reinvestment of plan assets. The anticipated rate of compensation increase is used to estimate the increase in compensation for participants of the plan from their current age to their assumed retirement age. The estimated compensation amounts are used to determine the benefit obligations and the service cost. Pension benefits in the cash balance plan for employees located in the United States are based on formulas in which the employees’ balances are credited monthly with interest based on the average rate for one-year United States Treasury Bills plus 1%. Contribution credits are based on employees’ years of service and compensation levels during their employment periods, for the periods prior to June 1, 2009. Other post-retirement benefits – The Company provides post-retirement benefits, consisting of healthcare and life insurance benefits, to eligible retired United States-based employees. The post-retirement medical plan benefits are funded on a pay-as-you-go basis, with the Company paying a portion of the premium and the employee paying the remainder. The Company calculates the existing benefit obligation, based on the discount rate and the assumed health care cost trend rate. The discount rate is used in the measurement of the projected and accumulated benefit obligations and the interest cost component of net periodic post-retirement benefit cost. The assumed health care cost trend rate is used in the measurement of the long-term expected increase in medical claims. Foreign currency translation The Company’s non-United States dollar-denominated assets and liabilities are translated into United States dollars at prevailing rates at the balance sheet date and the revenues, costs and expenses are translated at the weighted average rates prevailing during each reporting period. Net gains or losses resulting from the translation of the foreign financial statements and the effect of exchange rate changes on long-term intercompany balances are accumulated and charged directly to the foreign currency translation adjustment component of stockholders’ equity until such time as the operations are substantially liquidated or sold. The Company assesses foreign investment levels periodically to determine if all or a portion of the Company’s investments in foreign subsidiaries are indefinitely invested. Shipping and handling costs Amounts billed to customers for shipping and handling are classified as revenue. Costs incurred in shipping and handling are recognized in cost of goods sold. Advertising costs The Company incurs costs for both direct-response and non-direct-response advertising. The Company capitalizes direct-response advertising costs for expenditures, primarily in its Classroom Magazines division. The asset is amortized on a cost-pool-by-cost-pool basis over the period during which the future benefits are expected to be received. Included in Prepaid expenses and other current assets on the balance sheet is $4.8 of capitalized advertising costs as of May 31, 2012 and 2011. The Company expenses non-direct-response advertising costs as incurred. Discontinued operations Long-lived assets classified within discontinued operations are recognized at the estimated fair value less cost to sell those long-lived assets for assets held for sale. The calculation of estimated fair value less cost to sell includes significant estimates and assumptions, including, but not limited to: operating projections; excess working capital levels; real estate values; and the anticipated costs involved in the selling process. The Company recognizes operations as discontinued when the operations have either ceased or are probable to be disposed of in a sale transaction in the near term, the operations and cash flows of all discontinued operations have been eliminated, or will be eliminated upon consummation of the expected sale transaction, and the Company will not have any significant continuing involvement in the discontinued operations subsequent to the expected sale transaction. Stock-based compensation The Company recognizes the cost of services received in exchange for any stock-based awards. The Company recognizes the cost on a straight-line basis over an award’s requisite service period, which is generally the vesting period, based on the award’s fair value at the date of grant. The fair values of stock options granted by the Company are estimated at the date of grant using the Black-Scholes option-pricing model. The Company’s determination of the fair value of stock-based payment awards using this option-pricing model is affected by the price of the Common Stock as well as by assumptions regarding highly complex and subjective variables, including, but not limited to, the expected price volatility of the Common Stock over the terms of the awards, the risk-free interest rate, and actual and projected employee stock option exercise behaviors. Estimates of fair value are not intended to predict actual future events or the value that may ultimately be realized by those who receive these awards. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods, if actual forfeitures differ from those estimates, in order to derive the Company’s best estimate of awards ultimately expected to vest. In determining the estimated forfeiture rates for stock-based awards, the Company periodically conducts an assessment of the actual number of equity awards that have been forfeited previously. When estimating expected forfeitures, the Company considers factors such as the type of award, the employee class and historical experience. The estimate of stock-based awards that will ultimately be forfeited requires significant judgment and, to the extent that actual results or updated estimates differ from current estimates, such amounts will be recorded as a cumulative adjustment in the period such estimates are revised. The table set forth below provides the estimated fair value of options granted during fiscal years 2012, 2011 and 2010 and the significant weighted average assumptions used in determining the fair value for options granted by the Company under the Black-Scholes option pricing model. The average expected life represents an estimate of the period of time stock options are expected to remain outstanding based on the historical exercise behavior of the option grantees. The risk-free interest rate was based on the U.S. Treasury yield curve corresponding to the expected life in effect at the time of the grant. The volatility was estimated based on historical volatility corresponding to the expected life. <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="62%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Estimated fair value of stock options granted </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 9.30 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.15 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.34 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Assumptions: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Expected dividend yield </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.4 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 1.3 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 1.4 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom"> Expected stock price volatility </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.7 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 37.3 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 37.6 </td> <td valign="bottom"> % </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Risk-free interest rate </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.6 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 2.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 3.3 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom"> Expected life of options </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7 years </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6 years </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7 years </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> NEW ACCOUNTING PRONOUNCEMENTS In May 2011, the FASB issued an update to the authoritative guidance related to fair value measurements. The amendments will add new disclosures, with a particular focus on Level 3 measurements. The objective of these amendments is to improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and International Financial Reporting Standards (“IFRS”). The disclosure amendments in this update are to be applied prospectively and are effective during interim and annual periods beginning after December 15, 2011. In June 2011, the FASB issued an update related to the reporting of other comprehensive income. The amendments require that all non-owner changes in stockholders’ equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The amendments also require the presentation on the face of the financial statements of reclassification adjustments for items that are reclassified from other comprehensive income to net income in the statements where the components of net income and the components of other comprehensive income are presented. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. In December 2011, the FASB issued an update that effectively deferred the requirements related to the presentation of reclassification adjustments out of accumulated other comprehensive income. The amendments will be temporary to allow the FASB time to re-deliberate the presentation requirements for reclassifications out of accumulated other comprehensive income for annual and interim financial statements for public, private and non-profit entities. The Company is evaluating the impact of this update on its consolidated financial position, results of operations and cash flows. In September 2011, the FASB issued an update to the authoritative guidance related to goodwill impairment testing. The updated guidance gives companies the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The guidance provides companies with a revised list of examples of events and circumstances to consider, in their totality, to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If a company concludes that this is the case, it must perform the two-step test. Otherwise, a company can skip the two-step test. Companies are not required to perform the qualitative assessment and are permitted to skip the qualitative assessment for any reporting unit in any period and proceed directly to Step 1 of the test. A company that validates its conclusion by measuring fair value can resume performing the qualitative assessment in any subsequent period. The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, and the Company adopted the update for its annual impairment test in the fourth quarter of its fiscal year ended May 31, 2012.

140

Revenue recognition The Company's revenue recognition policies for its principal businesses are as follows: School-Based Book Clubs - Revenue from school-based book clubs is recognized upon shipment of the products. For ebooks, revenue is recognized upon electronic delivery to the customer. School-Based Book Fairs - Revenues associated with school-based book fairs are related to sales of product. Book fairs are typically run by schools and/or parent teacher organizations over a five business-day period. At the end of reporting periods, the Company defers estimated revenue for those fairs that have not been completed as of the period end based on the number of fair days occurring after period end on a straight-line calculation of the full fair's revenue. Trade -Revenue from the sale of children's books for distribution in the retail channel is primarily recognized when risks and benefits transfer to the customer, or when the product is on sale and available to the public. For newly published titles, the Company, on occasion, contractually agrees with its customers when the publication may be first offered for sale to the public, or an agreed upon "Strict Laydown Date." For such titles, the risks and benefits of the publication are not deemed to be transferred to the customer until such time that the publication can contractually be sold to the public, and the Company defers revenue on sales of such titles until such time as the customer is permitted to sell the product to the public. Revenue for ebooks, which is the net amount received from the retailer, is recognized upon electronic delivery to the customer by the retailer. A reserve for estimated returns is established at the time of sale and recorded as a reduction to revenue. Actual returns are charged to the reserve as received. The calculation of the reserve for estimated returns is based on historical return rates, sales patterns and expectations. Actual returns could differ from the Company's estimate. A reserve for estimated bad debts is established at the time of sale and is based on the aging of accounts receivable and specific reserves on a customer-by-customer basis. Educational Technology and Services - For shipments to schools, revenue is recognized when risks and benefits transfer to the customer. Shipments to depositories are on consignment and revenue is recognized based on actual shipments from the depositories to the schools. For certain software-based products, the Company offers new customers installation, maintenance and training with these products and, in such cases, revenue is deferred and recognized as services are delivered or over the life of the contract. Revenues from contracts with multiple deliverables are recognized as each deliverable is earned, based on the relative selling price of each deliverable, provided the deliverable has value to customers on a standalone basis, the customer has full use of the deliverable and there is no further obligation from the Company. If there is a right of return, revenue is recognized if delivery of the undelivered items or services is probable and substantially in control of the Company. Classroom and Supplemental Materials Publishing - Revenue from the sale of classroom and supplemental materials is recognized upon shipment of the products. Film Production and Licensing - Revenue from the sale of film rights, principally for the home video and domestic and foreign television markets, is recognized when the film has been delivered and is available for showing or exploitation. Licensing revenue is recorded in accordance with royalty agreements at the time the licensed materials are available to the licensee and collections are reasonably assured.Magazines - Revenue is deferred and recognized ratably over the subscription period, as the magazines are delivered. Magazine Advertising - Revenue is recognized when the magazine is for sale and available to the subscribers. Scholastic In-School Marketing - Revenue is recognized when the Company has satisfied its obligations under the program and the customer has acknowledged acceptance of the product or service. Certain revenues may be deferred pending future deliverables.

Cash equivalents Cash equivalents consist of short-term investments with original maturities of three months or less. The Consolidated Balance Sheets include restricted cash of $1.0 and $0.5 at May 31, 2012 and 2011, respectively, which is reported in "Other current assets."

1000000

500000

Accounts receivable Accounts receivable are recorded net of allowances for doubtful accounts and reserves for returns. In the normal course of business, the Company extends credit to customers that satisfy predefined credit criteria. The Company is required to estimate the collectability of its receivables. Reserves for returns are based on historical return rates and sales patterns. The Company's return reserve balance is greater than typical as of May 31, 2012 due to increased trade sales in the second half of fiscal 2012. In order to develop the estimate of returns that will be received subsequent to May 31, 2012, management considers patterns of sales and returns in the months preceding May 31, 2012, as well as actual returns received subsequent to year end, available sell-through information and other return rate information that management believes is relevant. The timing of the increased trade sales creates a higher degree of uncertainty than is typically the case regarding its return reserve and such reserve could be subject to significant changes in succeeding quarters based on actual return activity in the first half of fiscal 2013. Allowances for doubtful accounts are established through the evaluation of accounts receivable aging and prior collection experience to estimate the ultimate collectability of these receivables. At the time the Company determines that a receivable balance, or any portion thereof, is deemed to be permanently uncollectable, the balance is then written off.

Inventories Inventories, consisting principally of books, are stated at the lower of cost, using the first-in, first-out method, or market. The Company records a reserve for excess and obsolete inventory based upon a calculation using the historical usage rates, sales patterns of its products and specifically identified obsolete inventory. In fiscal 2012, in response to changing trends in the children's book market, the Company changed its estimate for inventory obsolescence and recorded an increase in the reserve of $17.9 million.

17900000

Property, plant and equipment Property, plant and equipment are stated at cost. Depreciation and amortization are recorded on a straight-line basis, over the estimated useful lives of the assets. Buildings have an estimated useful life, for purposes of depreciation, of forty years. Capitalized software, net of accumulated amortization, was $57.2 and $59.2 at May 31, 2012 and 2011, respectively. Capitalized software is depreciated over a period of three to seven years. Amortization expense for capitalized software was $27.6, $25.8 and $25.0 for the fiscal years ended May 31, 2012, 2011 and 2010, respectively. Furniture, fixtures and equipment are depreciated over periods not exceeding ten years. Leasehold improvements are amortized over the life of the lease or the life of the assets, whichever is shorter. Included in Depreciation and amortization is $1.1 related to capitalized leases for the year ended May 31, 2012. The Company evaluates the depreciation periods of property, plant and equipment to determine whether events or circumstances indicate that the asset's carrying value is not recoverable or warrant revised estimates of useful lives.

57200000

59200000

27600000

25800000

25000000

1100000

Leases Lease agreements are evaluated to determine whether they are capital or operating leases. When substantially all of the risks and benefits of property ownership have been transferred to the Company, as determined by the test criteria in the current authoritative guidance, the lease is recognized as a capital lease. Capital leases are capitalized at the lower of the net present value of the total amount of rent payable under the leasing agreement (excluding finance charges) or the fair market value of the leased asset. Capital lease assets are depreciated on a straight-line basis, over a period consistent with the Company's normal depreciation policy for tangible fixed assets, but not exceeding the lease term. Interest charges are expensed over the period of the lease in relation to the carrying value of the capital lease obligation. Rent expense for operating leases, which may include free rent or fixed escalation amounts in addition to minimum lease payments, is recognized on a straight-line basis over the duration of each lease term. Sublease income is recognized on a straight-line basis over the duration of each lease term. To the extent expected sublease income is less than expected rental payments the Company recognizes a current loss on the difference between the fair values of the sublease and the rental payments.

Prepublication costs The Company capitalizes the art, prepress, editorial, digital conversion and other costs incurred in the creation of the master copy of a book or other media (the "prepublication costs"). Prepublication costs are amortized on a straight-line basis over a three-to-seven-year period based on expected future revenues. The Company regularly reviews the recoverability of the capitalized costs based on expected future revenues. Royalty advances Royalty advances are initially capitalized and subsequently expensed as related revenues are earned or when the Company determines future recovery through earndowns is not probable. The Company has a long history of providing authors with royalty advances, and it tracks each advance earned with respect to the sale of the related publication. The royalties earned are applied first against the remaining unearned portion of the advance. Historically, the longer the unearned portion of the advance remains outstanding, the less likely it is that the Company will recover the advance through the sale of the publication. The Company applies this historical experience to its existing outstanding royalty advances to estimate the likelihood of recoveries through earndowns. Additionally, the Company's editorial staff regularly reviews its portfolio of royalty advances to determine if individual royalty advances are not recoverable through earndowns for discrete reasons, such as the death of an author prior to completion of a title or titles, a Company decision to not publish a title, poor market demand or other relevant factors that could impact recoverability.

Goodwill and intangible assets Goodwill and other intangible assets with indefinite lives are not amortized and are reviewed for impairment annually or more frequently if impairment indicators arise. With regard to goodwill, the Company compares the estimated fair value of its identified reporting units to the carrying value of the net assets. The Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of its identified reporting unit is less than its carrying value. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount the Company performs the two-step test. For each of the reporting units, the estimated fair value is determined utilizing the expected present value of the projected future cash flows of the units, in addition to comparisons to similar companies. The Company reviews its definition of reporting units annually or more frequently if conditions indicate that the reporting units may change. The Company evaluates its operating segments to determine if there are components one level below the operating segment. A component is present if discrete financial information is available, and segment management regularly reviews the operating results of the business. If an operating segment only contains a single component, that component is determined to be a reporting unit for goodwill impairment testing purposes. If an operating segment contains multiple components, the Company evaluates the economic characteristics of these components. Any components within an operating segment that share similar economic characteristics are aggregated and deemed to be a reporting unit for goodwill impairment testing purposes. Components within the same operating segment that do not share similar economic characteristics are deemed to be individual reporting units for goodwill impairment testing purposes. The Company has identified eleven separate reporting units for goodwill impairment testing purposes. With regard to other intangibles with indefinite lives, the Company determines the fair value by asset, which is then compared to its carrying value. The estimated fair value is determined utilizing the expected present value of the projected future cash flows of the asset. Intangible assets with definite lives consist principally of customer lists, covenants not to compete, and certain other intellectual property assets and are amortized over their expected useful lives. Customer lists are amortized on a straight-line basis over a five-year period, while covenants not to compete are amortized on a straight-line basis over their contractual term. Other intellectual property assets are amortized over their remaining useful lives which range primarily from three to ten years.

Income taxes The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and the tax basis of assets and liabilities and are measured using enacted tax rates and laws that will be in effect when the differences are expected to enter into the determination of taxable income. The Company believes that its taxable earnings, during the periods when the temporary differences giving rise to deferred tax assets become deductible or when tax benefit carryforwards may be utilized, should be sufficient to realize the related future income tax benefits. For those jurisdictions where the expiration date of the tax benefit carryforwards or the projected taxable earnings indicates that realization is not likely, the Company establishes a valuation allowance. In assessing the need for a valuation allowance, the Company estimates future taxable earnings, with consideration for the feasibility of ongoing tax planning strategies and the realizability of tax benefit carryforwards, to determine which deferred tax assets are more likely than not to be realized in the future. Valuation allowances related to deferred tax assets can be impacted by changes to tax laws, changes to statutory tax rates and future taxable earnings. In the event that actual results differ from these estimates in future periods, the Company may need to adjust the valuation allowance. The Company accounts for uncertain tax positions using a two-step method. Recognition occurs when an entity concludes that a tax position, based solely on technical merits, is more likely than not to be sustained upon examination. If a tax position is more likely than not to be sustained upon examination, the amount recognized is the largest amount of benefit, determined on a cumulative probability basis, which is more likely than not to be realized upon settlement. The Company assesses all income tax positions and adjusts its reserves against these positions periodically based upon these criteria. The Company also assesses potential penalties and interest associated with these tax positions, and includes these amounts as a component of income tax expense. In calculating the provision for income taxes on an interim basis, the Company uses an estimate of the annual effective tax rate based upon the facts and circumstances known. The Company's effective tax rate is based on expected income and statutory tax rates and permanent differences between financial statement and tax return income applicable to the Company in the various jurisdictions in which the Company operates. The Company assesses foreign investment levels periodically to determine if all or a portion of the Company's investments in foreign subsidiaries are indefinitely invested. When amounts are determined not to be indefinitely invested, the Company provides income taxes based upon the expected repatriation.

Non-income Taxes The Company is subject to tax examinations for sales-based taxes. A number of these examinations are ongoing and, in certain cases, have resulted in assessments from taxing authorities. Where a liability associated with these examinations and assessments is probable and can be reliably estimable, the Company has made accruals for these matters which are reflected in the Company's Consolidated Financial Statements. These amounts are included in the Consolidated Financial Statements in Selling, general and administrative expenses. Future developments relating to the foregoing could result in adjustments being made to these accruals. Unredeemed incentive credits The Company employs incentive programs to encourage sponsor participation in its book clubs and book fairs. These programs allow the sponsors to accumulate credits which can then be redeemed for Company products or other items offered by the Company. The Company recognizes a liability for the estimated costs of providing these credits at the time of the recognition of revenue for the underlying purchases of Company product that resulted in the granting of the credits. As the credits are redeemed, such liability is reduced. Other noncurrent liabilities All of the rate assumptions discussed below impact the Company's calculations of its pension and post-retirement obligations. The rates applied by the Company are based on the portfolios' past average rates of return, discount rates and actuarial information. Any change in market performance, interest rate performance, assumed health care costs trend rate or compensation rates could result in significant changes in the Company's pension and post-retirement obligations.

Pension obligations - Scholastic Corporation and certain of its subsidiaries have defined benefit pension plans covering the majority of their employees who meet certain eligibility requirements. The Company's pension plans and other post-retirement benefits are accounted for using actuarial valuations. The Company's pension calculations are based on three primary actuarial assumptions: the discount rate, the long-term expected rate of return on plan assets, and the anticipated rate of compensation increases. The discount rate is used in the measurement of the projected, accumulated and vested benefit obligations and the interest cost component of net periodic pension costs. The long-term expected return on plan assets is used to calculate the expected earnings from the investment or reinvestment of plan assets. The anticipated rate of compensation increase is used to estimate the increase in compensation for participants of the plan from their current age to their assumed retirement age. The estimated compensation amounts are used to determine the benefit obligations and the service cost. Pension benefits in the cash balance plan for employees located in the United States are based on formulas in which the employees' balances are credited monthly with interest based on the average rate for one-year United States Treasury Bills plus 1%. Contribution credits are based on employees' years of service and compensation levels during their employment periods, for the periods prior to June 1, 2009. Other post-retirement benefits - The Company provides post-retirement benefits, consisting of healthcare and life insurance benefits, to eligible retired United States-based employees. The post-retirement medical plan benefits are funded on a pay-as-you-go basis, with the Company paying a portion of the premium and the employee paying the remainder. The Company calculates the existing benefit obligation, based on the discount rate and the assumed health care cost trend rate. The discount rate is used in the measurement of the projected and accumulated benefit obligations and the interest cost component of net periodic post-retirement benefit cost. The assumed health care cost trend rate is used in the measurement of the long-term expected increase in medical claims.

Foreign currency translation The Company's non-United States dollar-denominated assets and liabilities are translated into United States dollars at prevailing rates at the balance sheet date and the revenues, costs and expenses are translated at the weighted average rates prevailing during each reporting period. Net gains or losses resulting from the translation of the foreign financial statements and the effect of exchange rate changes on long-term intercompany balances are accumulated and charged directly to the foreign currency translation adjustment component of stockholders' equity until such time as the operations are substantially liquidated or sold. The Company assesses foreign investment levels periodically to determine if all or a portion of the Company's investments in foreign subsidiaries are indefinitely invested.

Shipping and handling costs Amounts billed to customers for shipping and handling are classified as revenue. Costs incurred in shipping and handling are recognized in cost of goods sold.

Advertising costs The Company incurs costs for both direct-response and non-direct-response advertising. The Company capitalizes direct-response advertising costs for expenditures, primarily in its Classroom Magazines division. The asset is amortized on a cost-pool-by-cost-pool basis over the period during which the future benefits are expected to be received. Included in Prepaid expenses and other current assets on the balance sheet is $4.8 of capitalized advertising costs as of May 31, 2012 and 2011. The Company expenses non-direct-response advertising costs as incurred.

4800000 4800000

Discontinued operations Long-lived assets classified within discontinued operations are recognized at the estimated fair value less cost to sell those long-lived assets for assets held for sale. The calculation of estimated fair value less cost to sell includes significant estimates and assumptions, including, but not limited to: operating projections; excess working capital levels; real estate values; and the anticipated costs involved in the selling process. The Company recognizes operations as discontinued when the operations have either ceased or are probable to be disposed of in a sale transaction in the near term, the operations and cash flows of all discontinued operations have been eliminated, or will be eliminated upon consummation of the expected sale transaction, and the Company will not have any significant continuing involvement in the discontinued operations subsequent to the expected sale transaction.

Stock-based compensation The Company recognizes the cost of services received in exchange for any stock-based awards. The Company recognizes the cost on a straight-line basis over an award's requisite service period, which is generally the vesting period, based on the award's fair value at the date of grant. The fair values of stock options granted by the Company are estimated at the date of grant using the Black-Scholes option-pricing model. The Company's determination of the fair value of stock-based payment awards using this option-pricing model is affected by the price of the Common Stock as well as by assumptions regarding highly complex and subjective variables, including, but not limited to, the expected price volatility of the Common Stock over the terms of the awards, the risk-free interest rate, and actual and projected employee stock option exercise behaviors. Estimates of fair value are not intended to predict actual future events or the value that may ultimately be realized by those who receive these awards. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods, if actual forfeitures differ from those estimates, in order to derive the Company's best estimate of awards ultimately expected to vest. In determining the estimated forfeiture rates for stock-based awards, the Company periodically conducts an assessment of the actual number of equity awards that have been forfeited previously. When estimating expected forfeitures, the Company considers factors such as the type of award, the employee class and historical experience. The estimate of stock-based awards that will ultimately be forfeited requires significant judgment and, to the extent that actual results or updated estimates differ from current estimates, such amounts will be recorded as a cumulative adjustment in the period such estimates are revised. The table set forth below provides the estimated fair value of options granted during fiscal years 2012, 2011 and 2010 and the significant weighted average assumptions used in determining the fair value for options granted by the Company under the Black-Scholes option pricing model. The average expected life represents an estimate of the period of time stock options are expected to remain outstanding based on the historical exercise behavior of the option grantees. The risk-free interest rate was based on the U.S. Treasury yield curve corresponding to the expected life in effect at the time of the grant. The volatility was estimated based on historical volatility corresponding to the expected life.

N EW A CCOUNTING P RONOUNCEMENTS In May 2011, the FASB issued an update to the authoritative guidance related to fair value measurements. The amendments will add new disclosures, with a particular focus on Level 3 measurements. The objective of these amendments is to improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and International Financial Reporting Standards ("IFRS"). The disclosure amendments in this update are to be applied prospectively and are effective during interim and annual periods beginning after December 15, 2011. In June 2011, the FASB issued an update related to the reporting of other comprehensive income. The amendments require that all non-owner changes in stockholders' equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The amendments also require the presentation on the face of the financial statements of reclassification adjustments for items that are reclassified from other comprehensive income to net income in the statements where the components of net income and the components of other comprehensive income are presented. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. In December 2011, the FASB issued an update that effectively deferred the requirements related to the presentation of reclassification adjustments out of accumulated other comprehensive income. The amendments will be temporary to allow the FASB time to re-deliberate the presentation requirements for reclassifications out of accumulated other comprehensive income for annual and interim financial statements for public, private and non-profit entities. The Company is evaluating the impact of this update on its consolidated financial position, results of operations and cash flows.In September 2011, the FASB issued an update to the authoritative guidance related to goodwill impairment testing. The updated guidance gives companies the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The guidance provides companies with a revised list of examples of events and circumstances to consider, in their totality, to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If a company concludes that this is the case, it must perform the two-step test. Otherwise, a company can skip the two-step test. Companies are not required to perform the qualitative assessment and are permitted to skip the qualitative assessment for any reporting unit in any period and proceed directly to Step 1 of the test. A company that validates its conclusion by measuring fair value can resume performing the qualitative assessment in any subsequent period. The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, and the Company adopted the update for its annual impairment test in the fourth quarter of its fiscal year ended May 31, 2012.

Schedule Of Share Based Payment Award Stock Options Valuation Assumptions <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="62%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Estimated fair value of stock options granted </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 9.30 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.15 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.34 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Assumptions: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Expected dividend yield </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.4 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 1.3 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 1.4 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom"> Expected stock price volatility </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.7 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 37.3 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 37.6 </td> <td valign="bottom"> % </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Risk-free interest rate </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.6 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 2.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 3.3 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom"> Expected life of options </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7 years </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6 years </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7 years </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

9300000 8150000 8340000

0.014

0.013

0.014

0.367

0.373

0.376

0.016

0.020

0.033

P7Y

P6Y

P7Y

2. ACQUISITIONS On January 3, 2012, the Company acquired Learners Publishing, a Singapore-based publisher of supplemental learning materials for English-Language Learners, for $2.8, net of cash acquired. As a result of this transaction, the Company recorded $1.3 of goodwill. The results of operations of this business subsequent to the acquisition date are included in the International segment. On February 8, 2012, the Company acquired the business and certain assets of Weekly Reader, a publisher of weekly educational classroom magazines designed for children in grades Pre-K–12, for $2.0 in cash and $4.8 in assumed liabilities, which have been fulfilled by the Company as of May 31, 2012. The Company utilized internally-developed discounted cash flow forecasts and market comparisons of royalty rates to determine the fair value of the assets acquired and the amount to be allocated to goodwill. As a result, the Company recognized $1.4 of goodwill and $5.4 of intangible assets. The results of operations of this business subsequent to the acquisition date are included in the Classroom and Supplemental Materials Publishing segment, and certain assets will benefit the Children’s Book Publishing and Distribution segment.

2800000

1300000

2000000

4800000

1400000

5400000

3. DISCONTINUED OPERATIONS The Company continuously evaluates its portfolio of businesses for both impairment and economic viability. The Company monitors the expected cash proceeds to be realized from the disposition of discontinued operations’ assets, and adjusts asset values accordingly. In the first quarter of fiscal 2012, the Company ceased operations in its direct-to-home catalog business specializing in toys. This business was a separate reporting unit included in the Media, Licensing and Advertising segment. The current fiscal year loss before income taxes includes lease costs associated with a vacant facility which formerly served the Company’s direct-to-home toy catalog business. In the fourth quarter of fiscal 2012, the Company reviewed the estimate of the fair value less cost to sell of its Maumelle facility and recognized an additional charge of $2.2. The Company used market value estimates of the property and an estimate of the anticipated costs to sell the asset. The following table summarizes the operating results of the discontinued operations for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="62%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Revenues </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 18.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 21.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Gain (loss) on sale </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.9 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Non cash impairment charge and loss on operations </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Earnings (loss) before income taxes </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (8.2 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (7.9 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (6.8 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Income tax benefit (provision) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Earnings (loss) from discontinued operations, net of tax </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> (6.3 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (6.1 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (4.9 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> The following table sets forth the assets and liabilities of the discontinued operations included in the Consolidated Balance Sheets of the Company as of May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="74%" colspan="4" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td colspan="4" valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td colspan="4" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td colspan="4" valign="bottom" style="background-color: #E6E6E6;"> Accounts receivable, net </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td colspan="4" valign="bottom"> Inventory </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.2 </td> <td valign="bottom">   </td> </tr> <tr> <td colspan="4" valign="bottom" style="background-color: #E6E6E6;"> Other assets </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td colspan="4" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td colspan="4" valign="bottom"> Current assets of discontinued operations </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 7.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 10.5 </td> <td valign="bottom">   </td> </tr> <tr> <td colspan="4" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td colspan="4" valign="bottom" style="background-color: #E6E6E6;"> Accrued expenses and other current liabilities </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td colspan="4" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td colspan="4" valign="bottom"> Current liabilities of discontinued operations </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.1 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> </tr> <tr> <td colspan="4" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td width="451"> </td> <td width="22"> </td> <td width="7"> </td> <td width="59"> </td> <td width="22"> </td> <td width="7"> </td> <td width="58"> </td> <td width="22"> </td> <td width="7"> </td> <td width="58"> </td> <td width="10"> </td> </tr> </table>

2200000 The following table summarizes the operating results of the discontinued operations for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="62%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Revenues </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 18.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 21.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Gain (loss) on sale </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.9 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Non cash impairment charge and loss on operations </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Earnings (loss) before income taxes </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (8.2 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (7.9 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (6.8 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Income tax benefit (provision) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Earnings (loss) from discontinued operations, net of tax </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> (6.3 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (6.1 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (4.9 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

100000

18200000

21100000

300000

-900000

8200000 8200000 7700000

-8200000

-7900000

-6800000

1900000

1800000

1900000

The following table sets forth the assets and liabilities of the discontinued operations included in the Consolidated Balance Sheets of the Company as of May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="74%" colspan="4" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td colspan="4" valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td colspan="4" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td colspan="4" valign="bottom" style="background-color: #E6E6E6;"> Accounts receivable, net </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td colspan="4" valign="bottom"> Inventory </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.2 </td> <td valign="bottom">   </td> </tr> <tr> <td colspan="4" valign="bottom" style="background-color: #E6E6E6;"> Other assets </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td colspan="4" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td colspan="4" valign="bottom"> Current assets of discontinued operations </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 7.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 10.5 </td> <td valign="bottom">   </td> </tr> <tr> <td colspan="4" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td colspan="4" valign="bottom" style="background-color: #E6E6E6;"> Accrued expenses and other current liabilities </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td colspan="4" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td colspan="4" valign="bottom"> Current liabilities of discontinued operations </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.1 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> </tr> <tr> <td colspan="4" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td width="451"> </td> <td width="22"> </td> <td width="7"> </td> <td width="59"> </td> <td width="22"> </td> <td width="7"> </td> <td width="58"> </td> <td width="22"> </td> <td width="7"> </td> <td width="58"> </td> <td width="10"> </td> </tr> </table>

100000

1200000

7000000

9200000

2100000 800000

4. SEGMENT INFORMATION The Company categorizes its businesses into five reportable segments: Children’s Book Publishing and Distribution; Educational Technology and Services; Classroom and Supplemental Materials Publishing; Media, Licensing and Advertising; and International. This classification reflects the nature of products and services consistent with the method by which the Company’s chief operating decision-maker assesses operating performance and allocates resources. <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="4%" valign="top">   </td> <td width="96%" valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Children’s Book Publishing and Distribution operates as an integrated business which includes the publication and distribution of children’s books, media and interactive products in the United States through school-based book clubs and book fairs and the trade channel. This segment is comprised of three operating segments. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Educational Technology and Services includes the production and distribution to schools of curriculum-based learning technology and materials for grades pre-kindergarten to 12 in the United States, together with related implementation and assessment services and school consulting services. This segment is comprised of one operating segment. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Classroom and Supplemental Materials Publishing includes the publication and distribution to schools and libraries of children’s books, classroom magazines, supplemental classroom materials 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. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> Media, Licensing and Advertising includes the production and/or distribution of digital media, consumer promotions and merchandising and advertising revenue, including sponsorship programs. This segment is comprised of two operating segments. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> • </td> <td valign="top"> 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 two operating segments. </td> </tr> </table> The following table sets forth information for the Company’s segments for the three fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="13%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="9%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="9%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="4%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Children’s Book Publishing & Distribution (1) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Educational Technology & Services (1) (2) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Classroom & Supplemental Materials Publishing (1) (3) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Media, Licensing & Advertising (1) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Overhead (1) (4) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total Domestic </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> International (1) (5) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Revenues </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1,111.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 254.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 208.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 85.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1,659.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 489.6 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2,148.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Bad debts </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 12.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Depreciation and amortization (6) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 20.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 39.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 62.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 68.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Amortization (7) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 12.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 20.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 12.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 52.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 55.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Loss on leases and asset Impairments </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Segment operating income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 153.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 49.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 18.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (4.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (87.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 128.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 57.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 186.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Segment assets at May 31, 2012 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 543.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 168.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 163.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 38.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 438.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1,353.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 310.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1,663.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Goodwill at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 54.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 22.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 65.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 147.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 157.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Expenditures for long-lived assets including royalty advances </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 44.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 26.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 17.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 37.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 132.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 13.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 146.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Long-lived assets at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 167.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 101.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 90.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 11.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 246.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 617.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 67.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 684.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Revenues </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 922.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 230.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 197.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 93.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1,443.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 444.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1,887.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Bad debts </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 10.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 13.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Depreciation and amortization (6) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 15.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 35.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 54.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 60.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Amortization (7) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 12.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 22.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 48.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 51.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Asset Impairments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Segment operating income (loss) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 78.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 38.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 13.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (67.0 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> 65.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 38.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 104.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Segment assets at May 31, 2011 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 427.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 161.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 150.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 44.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 405.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1,189.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 287.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1,476.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Goodwill at May 31, 2011 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 54.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 21.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 64.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 145.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 154.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Expenditures for long-lived assets including royalty advances </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 40.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 35.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 56.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 150.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 11.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 162.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Long-lived assets at May 31, 2011 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 175.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 97.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 80.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 20.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 249.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 622.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 71.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 694.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Revenues </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 910.6 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 262.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 213.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 95.1 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1,482.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 412.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1,894.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Bad debts </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Depreciation and amortization (6) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 14.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 35.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 53.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 59.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Amortization (7) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 12.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 21.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 10.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 48.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 51.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Asset Impairments </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 40.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Segment operating income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 117.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 71.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (4.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (83.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 102.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 132.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Segment assets at May 31, 2010 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 517.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 175.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 169.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 55.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 377.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1,294.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 291.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1,585.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Goodwill at May 31, 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 54.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 21.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 67.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 148.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 156.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Expenditures for long-lived assets including royalty advances </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 43.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 26.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 28.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 111.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 11.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 122.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Long-lived assets at May 31, 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 176.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 92.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 77.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 19.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 232.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 598.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 67.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 665.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="4%" valign="top">   </td> <td width="96%" valign="top">   </td> </tr> <tr> <td valign="top"> (1) </td> <td valign="top"> As discussed in Note 3, “Discontinued Operations,” the Company closed or sold several operations during fiscal 2010 and the first quarter of fiscal 2012 and presently holds for sale one facility. All of these businesses are classified as discontinued operations in the Company’s financial statements and, as such, are not reflected in this table. During the first quarter of fiscal 2011, the Company determined that its Danbury Facility was no longer “held for sale.” Accordingly, the assets, liabilities and results of operations of the Danbury Facility are included in continuing operations for all periods presented. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> (2) </td> <td valign="top"> Includes assets and results of operations acquired in a business acquisition as of September 9, 2010. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> (3) </td> <td valign="top"> Includes assets and results of operations acquired in a business acquisition as of February 8, 2012. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> (4) </td> <td valign="top"> 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. Overhead also includes amounts previously allocated to the Media, Licensing and Advertising segment for the Company’s direct-to-home toy catalog business that was discontinued in the first quarter of fiscal 2012. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> (5) </td> <td valign="top"> Includes assets and results of operations acquired in a business acquisition as of January 3, 2012 </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> (6) </td> <td valign="top"> Includes depreciation of property, plant and equipment and amortization of intangible assets. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> (7) </td> <td valign="top"> Includes amortization of prepublication and production costs. </td> </tr> </table>

The following table sets forth information for the Company’s segments for the three fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="13%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="9%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="9%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="4%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Children’s Book Publishing & Distribution (1) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Educational Technology & Services (1) (2) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Classroom & Supplemental Materials Publishing (1) (3) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Media, Licensing & Advertising (1) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Overhead (1) (4) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total Domestic </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> International (1) (5) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Revenues </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1,111.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 254.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 208.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 85.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1,659.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 489.6 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2,148.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Bad debts </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 12.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Depreciation and amortization (6) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 20.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 39.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 62.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 68.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Amortization (7) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 12.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 20.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 12.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 52.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 55.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Loss on leases and asset Impairments </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Segment operating income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 153.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 49.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 18.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (4.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (87.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 128.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 57.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 186.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Segment assets at May 31, 2012 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 543.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 168.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 163.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 38.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 438.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1,353.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 310.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1,663.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Goodwill at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 54.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 22.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 65.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 147.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 157.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Expenditures for long-lived assets including royalty advances </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 44.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 26.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 17.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 37.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 132.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 13.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 146.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Long-lived assets at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 167.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 101.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 90.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 11.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 246.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 617.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 67.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 684.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Revenues </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 922.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 230.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 197.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 93.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1,443.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 444.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1,887.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Bad debts </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 10.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 13.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Depreciation and amortization (6) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 15.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 35.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 54.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 60.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Amortization (7) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 12.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 22.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 48.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 51.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Asset Impairments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Segment operating income (loss) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 78.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 38.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 13.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (67.0 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> 65.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 38.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 104.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Segment assets at May 31, 2011 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 427.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 161.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 150.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 44.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 405.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1,189.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 287.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1,476.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Goodwill at May 31, 2011 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 54.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 21.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 64.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 145.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 154.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Expenditures for long-lived assets including royalty advances </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 40.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 35.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 56.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 150.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 11.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 162.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Long-lived assets at May 31, 2011 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 175.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 97.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 80.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 20.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 249.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 622.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 71.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 694.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Revenues </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 910.6 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 262.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 213.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 95.1 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1,482.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 412.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1,894.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Bad debts </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Depreciation and amortization (6) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 14.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 35.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 53.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 59.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Amortization (7) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 12.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 21.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 10.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 48.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 51.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Asset Impairments </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 40.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Segment operating income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 117.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 71.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (4.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (83.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 102.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 132.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Segment assets at May 31, 2010 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 517.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 175.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 169.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 55.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 377.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1,294.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 291.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1,585.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Goodwill at May 31, 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 54.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 21.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 67.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 148.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 156.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Expenditures for long-lived assets including royalty advances </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 43.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 26.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 28.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 111.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 11.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 122.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Long-lived assets at May 31, 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 176.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 92.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 77.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 19.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 232.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 598.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 67.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 665.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> </table>

1111300000

254700000

208200000

85000000

1659200000

489600000

6400000

700000

1900000

100000

9100000

3200000

20600000

1300000

1000000

500000

39000000

62400000

6400000

12500000 20900000 6700000 12300000 52400000 2700000 500000 6200000 6700000 300000

153000000

49200000

18300000

-4700000

-87100000

128700000

57600000

543500000 168500000 163600000 38800000 438600000 1353000000 310300000 1663300000

54300000

22700000

65400000

5400000

147800000

9900000

44400000 26200000 17900000 6400000 37900000 132800000 13200000 146000000 167500000 101100000 90300000 11700000 246700000 617300000 67100000 684400000

922000000

230800000

197200000

93000000

1443000000

444900000

8700000

700000

1200000

200000

10800000

2800000

15600000

1300000

700000

35600000

54500000

5600000

12600000 22800000 5000000 8000000 48400000 2700000

3400000

78100000

38000000

13600000

3000000

-67000000

65700000

38300000

427100000 161100000 150800000 44900000 405100000 1189000000 287500000 1476500000

54300000

21800000

64000000

5400000

145500000

8700000

40400000 35700000 9100000 9400000 56300000 150900000 11800000 162700000 175900000 97600000 80200000 20100000 249000000 622800000 71200000 694000000

910600000

262800000

213700000

95100000

1482200000

412000000

3900000

400000

1300000

100000

5700000

3800000

14200000

1300000

1700000

700000

35600000

53500000

6000000

12000000 21500000 4400000 10200000 48100000 2900000

36300000

3800000

117900000

71800000

-4600000

400000

-83300000

102200000

30000000

517200000 175000000 169800000 55500000 377000000 1294500000 291000000 1585500000

54300000

21000000

67400000

5400000

148100000

8500000

156600000

43700000 26100000 5700000 6900000 28900000 111300000 11200000 122500000 176800000 92500000 77300000 19200000 232200000 598000000 67100000 665100000

5. DEBT The following table summarizes debt as of May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="50%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Carrying Value </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Fair Value </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Carrying Value </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Fair Value </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Lines of Credit (weighted average interest rates of 5.3% and 6.7%, respectively) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Loan Agreement: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Revolving Loan </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Term Loan (interest rates of n/a and 1.0%, respectively) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 50.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 50.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 5% Notes due 2013, net of discount </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 152.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 155.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 152.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 156.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Total debt </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 159.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 161.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 203.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 207.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Less lines of credit and current portion of long-term debt </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (43.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (43.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Total long-term debt </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 152.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 155.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 159.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 164.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table> The short-term debt’s carrying value approximates its fair value. The fair value of the Loan Agreement approximated its carrying value due to its variable interest rate and the Company’s stable credit rating. The fair values of the Notes were estimated based on market quotes, where available, or dealer quotes. The following table sets forth the maturities of the carrying values of the Company’s debt obligations as of May 31, 2012 for the fiscal year ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="84%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2013 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2014 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2015 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 152.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total debt </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 159.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table> Loan Agreement On June 1, 2007, Scholastic Corporation and Scholastic Inc. (each, a “Borrower” and together, the “Borrowers”) entered into a $525.0 credit facility with certain banks (the “Loan Agreement”), consisting of a $325.0 revolving credit component (the “Revolving Loan”) and a $200.0 amortizing term loan component (the “Term Loan”). The Loan Agreement was amended on August 16, 2010, and again on October 25, 2011. The October 25, 2011 amendment extended the maturity of the Revolving Loan facility to June 1, 2014 from June 1, 2012 and provided for the repayment of the outstanding balance of the Term Loan on October 25, 2011. The $325.0 Revolving Loan allows the Company to borrow, repay or prepay and reborrow at any time prior to the stated maturity date, and the proceeds may be used for general corporate purposes, including financing for acquisitions and share repurchases. The Loan Agreement also provides for an increase in the aggregate Revolving Loan commitments of the lenders of up to an additional $150.0. Interest on the Revolving Loan is due and payable in arrears on the last day of the interest period (defined as the period commencing on the date of the advance and ending on the last day of the period selected by the Borrower at the time each advance is made). The interest pricing under the Revolving Loan is dependent upon the Borrower’s election of a rate that is either: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="4%" valign="top">   </td> <td width="4%" valign="top">   </td> <td width="96%" valign="top">   </td> </tr> <tr> <td valign="top">   </td> <td valign="top"> • </td> <td valign="top"> A Base Rate equal to the higher of (i) the prime rate, (ii) the prevailing Federal Funds rate plus 0.500% or (iii) the Eurodollar Rate for a one month interest period plus 1% plus an applicable spread ranging from 0.18% to 0.60%, as determined by the Company’s prevailing consolidated debt to total capital ratio. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">                     - or - </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top">   </td> <td valign="top"> • </td> <td valign="top"> A Eurodollar Rate equal to the London interbank offered rate (LIBOR) plus an applicable spread ranging from 1.18% to 1.60%, as determined by the Company’s prevailing consolidated debt to total capital ratio. </td> </tr> </table> As of May 31, 2012, the indicated spread on Base Rate Advances was 0.25% and the indicated spread on Eurodollar Rate Advances was 1.25%, both based on the Company’s prevailing consolidated debt to total capital ratio. There were no Revolving Loan Advances outstanding as of May 31, 2012 and 2011, respectively. The Loan Agreement also provides for the payment of a facility fee ranging from 0.20% to 0.40% per annum based upon the Company’s prevailing consolidated debt to total capital ratio. At May 31, 2012, the facility fee rate was 0.25%. At May 31, 2012, the Company had open standby letters of credit totaling $6.6 million issued under certain credit lines, including $1.4 million under the Loan agreement discussed above. These letters of credit are scheduled to expire within one year; however, the Company expects that substantially all of these letters of credit will be renewed, at similar terms, prior to expiration. The Loan Agreement contains certain covenants, including interest coverage and leverage ratio tests and certain limitations on the amount of dividends and other distributions, and at May 31, 2012, the Company was in compliance with these covenants. Lines of Credit As of May 31, 2012, the Company’s domestic credit lines available under unsecured money market bid rate credit lines totaled $20.0. There were no outstanding borrowings under these credit lines at May 31, 2012 and 2011. All loans made under these credit lines are at the sole discretion of the lender and at an interest rate and term agreed to at the time each loan is made, but not to exceed 365 days. These credit lines may be renewed, if requested by the Company, at the option of the lender. As of May 31, 2012, the Company had various local currency credit lines, with maximum available borrowings in amounts equivalent to $32.8, underwritten by banks primarily in the United States, Canada, Australia and the United Kingdom. These credit lines are typically available for overdraft borrowings or loans up to 364 days and may be renewed, if requested by the Company, at the sole option of the lender. There were borrowings outstanding under these facilities equivalent to $6.5 at May 31, 2012 at a weighted average interest rate of 5.3%, compared to the equivalent of $0.7 at May 31, 2011 at a weighted average interest rate of 6.7%. 5% Notes due 2013 In April 2003, Scholastic Corporation issued $175.0 of 5% Notes (the “5% Notes”). The 5% Notes are senior unsecured obligations that mature on April 15, 2013. Interest on the 5% Notes is payable semi-annually on April 15 and October 15 of each year through maturity. The Company may at any time redeem all or a portion of the 5% Notes at a redemption price (plus accrued interest to the date of the redemption) equal to the greater of (i) 100% of the principal amount, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest discounted to the date of redemption. As noted above under “Loan Agreement,” the Company amended the terms of the Revolving Loan to extend the maturity date from June 1, 2012 to June 1, 2014. The Company intends, and has the ability, to use a portion of this credit facility to fully redeem the 5% Notes due 2013. Accordingly, the balance of the 5% Notes is excluded from current liabilities and classified as Long-term debt on the Company’s Consolidated Balance Sheet as of May 31, 2012.

525000000 325000000 200000000 150000000

0.00500

Eurodollar Rate for a one month interest period plus 1% plus an applicable spread ranging from 0.18% to 0.60%

London interbank offered rate (LIBOR) plus an applicable spread ranging from 1.18% to 1.60%

0.0025 0.0125 0.0020 0.0040 0.0025

6600000

1400000

20000000

32800000

6500000

0.053

700000

0.067

175000000

0.05

The following table summarizes debt as of May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="50%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Carrying Value </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Fair Value </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Carrying Value </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Fair Value </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Lines of Credit (weighted average interest rates of 5.3% and 6.7%, respectively) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Loan Agreement: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Revolving Loan </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Term Loan (interest rates of n/a and 1.0%, respectively) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 50.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 50.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 5% Notes due 2013, net of discount </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 152.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 155.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 152.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 156.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Total debt </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 159.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 161.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 203.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 207.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Less lines of credit and current portion of long-term debt </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (43.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (43.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Total long-term debt </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 152.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 155.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 159.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 164.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table>

6500000 700000

50200000

152800000

155400000

152500000

156600000

159300000

161900000

203400000

207500000 6500000 43500000

155400000

164000000

The following table sets forth the maturities of the carrying values of the Company’s debt obligations as of May 31, 2012 for the fiscal year ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="84%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2013 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2014 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2015 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 152.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total debt </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 159.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table> 6500000

152800000

6. COMMITMENTS AND CONTINGENCIES Lease obligations The Company leases warehouse space, office space and equipment under various capital and operating leases over periods ranging from one to forty years. Certain of these leases provide for scheduled rent increases based on price-level factors. The Company generally does not enter into leases that call for contingent rent. In most cases, the Company expects that, in the normal course of business, leases will be renewed or replaced. Net rent expense relating to the Company’s non-cancelable operating leases for the three fiscal years ended May 31, 2012, 2011 and 2010 was $38.9, $47.2 and $44.7, respectively. Amortization of assets under capital leases covering land, buildings and equipment was $1.1, $1.2 and $3.5 for the fiscal years ended May 31, 2012, 2011 and 2010, respectively, and is included in Depreciation and amortization expense. The most significant of the Company’s capital leases is for the New York office where the Company’s headquarters are located. This capital lease has an imputed interest rate of 7.9% and the term ends July 2039. The following table sets forth the composition of capital leases reflected as Property, Plant and Equipment in the Consolidated Balance Sheets at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="9%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="9%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Land </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Buildings </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 39.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 39.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Equipment </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 43.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 45.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accumulated amortization </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (12.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (14.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Total </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 31.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 31.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> </tr> </table> The following table sets forth the aggregate minimum future annual rental commitments at May 31, 2012 under all non-cancelable leases for fiscal years ending May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="63%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="14%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Operating Leases </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Capital Leases </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2013 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 38.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2014 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 31.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2015 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 26.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2016 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 22.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2017 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 16.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Thereafter </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 54.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 185.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total minimum lease payments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 189.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 212.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Less minimum sublease income to be received </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 18.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 20.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Minimum lease payments, net of sublease income </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 171.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 192.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Less amount representing interest </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 155.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Present value of net minimum capital lease payments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 57.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Less current maturities of capital lease obligations </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Long-term capital lease obligations </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 56.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Other Commitments The following table sets forth the aggregate minimum future contractual commitments at May 31, 2012 relating to royalty advances and minimum print quantities for fiscal years ending May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="55%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="14%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="20%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Royalty Advances </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Minimum Print Quantities </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2013 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 60.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2014 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 61.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2015 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 62.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2016 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 49.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2017 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 51.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Thereafter </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 160.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total commitments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 444.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> The Company had open standby letters of credit of $6.6 issued under certain credit lines as of May 31, 2012 and 2011, respectively. These letters of credit are scheduled to expire within one year; however, the Company expects that substantially all of these letters of credit will be renewed, at similar terms, prior to expiration. Contingencies Various claims and lawsuits arising in the normal course of business are pending against the Company. The Company accrues a liability for such matters when it is probable that a liability has occurred and the amount of such liability can be reasonably estimated. When only a range can be estimated, the most probable amount in the range is accrued unless no amount within the range is a better estimate than any other amount, in which case the minimum amount in the range is accrued. Legal costs associated with litigation loss contingencies are expensed in the period in which they are incurred. The Company does not expect, in the case of those various claims and lawsuits arising in the normal course of business where a loss is considered probable or reasonably possible, after taking into account any amounts currently accrued, that the reasonably possible losses from such claims and lawsuits (either individually or in the aggregate) would have a material adverse effect on the Company’s consolidated financial position or results of operations. Grolier Limited is an indirect subsidiary of Scholastic Corporation, located in the United Kingdom, which ceased operations in fiscal 2008 and the operations of which are included in discontinued operations. The Company is currently in the process of settling a Grolier Limited pension plan in effect at the time it ceased operations and is evaluating the potential pension liabilities under the plan relating to the status of the plan as a defined contribution or a defined benefit plan in the context of the conversion of the plan from a defined benefit to a defined contribution plan in 1986. The Company is not in a position to estimate a range of the reasonably possible liability at this time.

38900000

47200000

44700000

1100000

1200000

3500000

0.079

6600000

The following table sets forth the composition of capital leases reflected as Property, Plant and Equipment in the Consolidated Balance Sheets at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="9%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="9%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Land </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Buildings </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 39.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 39.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Equipment </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 43.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 45.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accumulated amortization </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (12.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (14.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Total </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 31.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 31.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> </tr> </table>

3500000

39000000

1000000

3000000

43500000

45500000

12300000 14100000

31200000

31400000

The following table sets forth the aggregate minimum future annual rental commitments at May 31, 2012 under all non-cancelable leases for fiscal years ending May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="63%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="14%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Operating Leases </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Capital Leases </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2013 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 38.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2014 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 31.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2015 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 26.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2016 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 22.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2017 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 16.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Thereafter </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 54.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 185.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total minimum lease payments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 189.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 212.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Less minimum sublease income to be received </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 18.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 20.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Minimum lease payments, net of sublease income </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 171.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 192.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Less amount representing interest </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 155.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Present value of net minimum capital lease payments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 57.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Less current maturities of capital lease obligations </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Long-term capital lease obligations </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 56.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

38300000

6000000

31500000

5400000

26600000

5100000

22200000

5100000

16400000

5900000

54400000

185200000

189400000

212700000

18000000

20300000

171400000 192400000

155300000

57400000

The following table sets forth the aggregate minimum future contractual commitments at May 31, 2012 relating to royalty advances and minimum print quantities for fiscal years ending May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="55%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="14%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="20%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Royalty Advances </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Minimum Print Quantities </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2013 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 60.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2014 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 61.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2015 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 62.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2016 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 49.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2017 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 51.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Thereafter </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 160.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total commitments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 444.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> 7100000 60000000 1200000 61100000 300000 62300000 400000 49800000 51000000 160500000 9000000 444700000 7. INVESTMENTS Included in the Other assets and deferred charges section of the Company’s Consolidated Balance Sheets were investments of $20.6 and $20.4 at May 31, 2012 and May 31, 2011, respectively. The Company owns a non-controlling interest in a book distribution business located in the UK, which is accounted for as a cost-basis investment. In fiscal 2011, the Company determined that these assets were other-than-temporarily impaired. The Company employed Level 3 fair value measures, including discounted cash flow projections, and recognized an impairment loss of $3.6. The carrying value of these assets was $5.2 as of May 31, 2012. The Company’s 26.2% non-controlling interest in a children’s book publishing business located in the UK is accounted for using the equity method of accounting. The net value of this investment at May 31, 2012 was $15.4. The Company received $0.9 of dividends in fiscal 2012 from this investment. The Company maintained an equity investment in an entity that produced and distributed educational children’s television programming. In the fourth quarter of fiscal 2012, the Company determined that these assets were other-than-temporarily impaired, and the Company recognized an impairment loss of $1.3 in Selling, general and administrative expense. Income from equity investments totaled $2.6 for the year ended May 31, 2012, $1.8 for the year ended May 31, 2011 and $1.0 for the year ended May 31, 2010. The following table summarizes the Company’s investments as of May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="60%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="14%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="15%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Cost method investments: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> UK-based </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total cost method investments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Equity method investments: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> UK-based </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 15.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 13.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> U.S.-based </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total equity method investments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 15.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 14.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 20.6 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 20.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> </tr> </table>

20600000

20400000

5200000

0.262

15400000

900000

1300000

2600000

1800000

1000000

The following table summarizes the Company’s investments as of May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="60%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="14%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="15%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Cost method investments: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> UK-based </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total cost method investments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Equity method investments: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> UK-based </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 15.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 13.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> U.S.-based </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total equity method investments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 15.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 14.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 20.6 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 20.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> </tr> </table>

5200000

5700000

15400000

13400000

1300000

15400000

14700000

8. GOODWILL AND OTHER INTANGIBLES Goodwill is reviewed for impairment annually or more frequently if impairment indicators arise. The following table summarizes the activity in Goodwill for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="59%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="14%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="16%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Gross beginning balance </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 175.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 174.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accumulated impairment </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (20.8 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (17.4 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Beginning balance </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 154.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 156.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Additions due to acquisition </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Impairment charge </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Foreign currency translation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Other </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Gross ending balance </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 178.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 175.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accumulated impairment </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (20.8 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (20.8 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Ending balance </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 157.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 154.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> </tr> </table> On February 8, 2012, the Company acquired the business and certain assets of Weekly Reader, a publisher of weekly educational classroom magazines designed for children in grades Pre-K–12, for $2.0 in cash and $4.8 in assumed liabilities, which have been fulfilled by the Company as of May 31, 2012. The Company utilized internally-developed discounted cash flow forecasts and market comparisons of royalty rates to determine the fair value of the assets acquired and the amount to be allocated to goodwill. As a result, the Company recognized $1.4 of goodwill and $5.4 of intangible assets. The results of operations of this business subsequent to the acquisition date are included in the Classroom and Supplemental Materials Publishing segment, and certain assets will benefit the Children’s Book Publishing and Distribution segment. On January 3, 2012, the Company acquired Learners Publishing, a Singapore-based publisher of supplemental learning materials for English-Language Learners, for $2.8, net of cash acquired. The Company utilized Level 3 fair value measurement inputs, using its own assumptions, including internally-developed discounted cash flow forecasts, to determine the fair value of the assets acquired and the amount of goodwill to be allocated to the Learners Publishing business. As a result of this transaction, the Company recorded $1.3 of goodwill. The results of operations of this business subsequent to the acquisition date are included in the International segment. As of May 31, 2011, the Company determined the carrying value of its Scholastic Library Publishing and Classroom Magazines business within the Classroom and Supplemental Materials Publishing segment exceeded the fair value of this reporting unit. The Company employed internally-developed discounted cash flow forecasts and market comparisons to determine the fair value of the reporting unit and the implied fair value of the reporting unit’s assets and liabilities. Accordingly, the Company recognized an impairment charge of $3.4 at May 31, 2011. On September 9, 2010, the Company purchased the assets of Math Solutions, an education resources and professional development company focusing on K-12 math instruction, for $8.2, net of cash acquired. The Company has integrated this business with its existing educational technology businesses. The Company utilized Level 3 fair value measurement inputs, using its own assumptions, including internally-developed discounted cash flow forecasts, to determine the fair value of the assets acquired and the amount of goodwill to be allocated to the Math Solutions business. As a result, the Company recognized $1.7 of goodwill and $5.6 of amortizable intangible assets. The following table summarizes Other intangibles subject to amortization as of May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="65%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Beginning balance-Customer lists </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Additions due to acquisition </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Amortization expense </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Foreign currency translation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Customer lists, net of accumulated amortization of $1.3 and $1.1, respectively </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Beginning balance-Other intangibles </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 17.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Additions due to acquisition </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Impairment charge </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (5.4 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reclassified from indefinite-lived intangible assets </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 10.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Amortization expense </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (1.4 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (1.2 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Other </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Other intangibles, net of accumulated amortization of $10.5 and $4.2, respectively </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 10.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 17.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total other intangibles subject to amortization </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 14.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 18.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Amortization expense for Other intangibles totaled $6.5, $1.4 and $0.8 for the fiscal years ended May 31, 2012, 2011 and 2010, respectively. The following table reflects the estimated amortization expense for intangibles for the next five fiscal years ending May 31: <table border="0" cellspacing="0" cellpadding="0" width="29%"> <tr style="FONT-SIZE:1PX"> <td width="47%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="33%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> 2013 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> 2014 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.9 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> 2015 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> 2016 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.7 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> 2017 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.7 </td> <td valign="bottom">   </td> </tr> </table> Intangible assets with definite lives consist principally of customer lists, covenants not to compete and trademarks. Intangible assets with definite lives are amortized over their estimated useful lives. The weighted-average remaining useful lives of all amortizable intangible assets is 8 years. In fiscal 2011, the Company determined that certain intangible assets associated with publishing and trademark rights in the Children’s Book Publishing and Distribution segment, which were previously accounted for as indefinite-lived assets, were no longer indefinite-lived. Accordingly, the Company assessed these assets for impairment as of September 1, 2010, and subsequently commenced amortization of the assets. The Company determined that the fair value of the assets exceeded their carrying value as of September 1, 2010, and therefore no impairment was recognized. In fiscal 2012, due to declining revenues associated with these rights, the Company determined that these assets were not fully recoverable and recognized an impairment in amortization expense of $4.9 based upon the difference between the carrying value and the fair value of the asset and reduced the expected useful life of this asset. The Company employed Level 3 fair value measurement techniques to determine the fair value of these assets as of September 1, 2010, and as of May 31, 2012, including the relief from royalty method. In fiscal 2011, the Company recognized $5.6 of amortizable intangible assets as a result of the Math Solutions acquisition. The Company utilized Level 3 fair value measurement inputs, using its own assumptions including internally-developed discounted cash flow forecasts and market comparisons, to determine the fair value of the intangible assets acquired. The following table summarizes Other intangibles not subject to amortization as of May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="65%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net carrying value by major class: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Trademarks and other </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total other intangibles not subject to amortization </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total other intangibles </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 16.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 19.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

2000000

4800000

1400000

5400000

2800000

1300000

3400000

8200000

1700000

5600000

6500000

1400000

800000

P8Y

4900000

5600000

The following table summarizes the activity in Goodwill for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="59%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="14%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="16%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Gross beginning balance </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 175.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 174.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accumulated impairment </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (20.8 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (17.4 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Beginning balance </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 154.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 156.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Additions due to acquisition </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Impairment charge </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Foreign currency translation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Other </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Gross ending balance </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 178.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 175.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accumulated impairment </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (20.8 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (20.8 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Ending balance </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 157.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 154.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> </tr> </table>

175000000

174000000

-20800000

-17400000

2700000

1000000

-3400000

800000

178500000

-20800000

The following table summarizes Other intangibles subject to amortization as of May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="65%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Beginning balance-Customer lists </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Additions due to acquisition </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Amortization expense </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Foreign currency translation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Customer lists, net of accumulated amortization of $1.3 and $1.1, respectively </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Beginning balance-Other intangibles </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 17.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Additions due to acquisition </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Impairment charge </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (5.4 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reclassified from indefinite-lived intangible assets </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 10.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Amortization expense </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (1.4 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (1.2 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Other </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Other intangibles, net of accumulated amortization of $10.5 and $4.2, respectively </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 10.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 17.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total other intangibles subject to amortization </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 14.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 18.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

700000

800000

3800000

-200000

100000

4300000

17300000

2200000

5600000

-5400000

10700000

-1400000

-1200000

-100000

10400000

14700000

18000000

The following table reflects the estimated amortization expense for intangibles for the next five fiscal years ending May 31: <table border="0" cellspacing="0" cellpadding="0" width="29%"> <tr style="FONT-SIZE:1PX"> <td width="47%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="33%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> 2013 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> 2014 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.9 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> 2015 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> 2016 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.7 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> 2017 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.7 </td> <td valign="bottom">   </td> </tr> </table>

2000000

1900000

1800000

1700000

The following table summarizes Other intangibles not subject to amortization as of May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="65%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net carrying value by major class: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Trademarks and other </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total other intangibles not subject to amortization </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total other intangibles </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 16.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 19.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

2000000

1800000

2000000

1800000

9. TAXES The components of earnings from continuing operations before income taxes for the fiscal years ended May 31 are: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="56%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> United States </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 146.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 77.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 113.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Non-United States </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 24.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 7.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 170.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 84.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 115.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table> The provision for income taxes for the fiscal years ended May 31 consists of the following components: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="49%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Federal </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Current </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 49.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 10.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 11.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Deferred </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (8.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 29.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 41.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 19.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 41.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> State and local </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Current </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 12.1 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 3.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Deferred </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 11.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 6.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 3.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> International </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Current </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 12.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 12.5 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Deferred </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 9.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 13.5 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 10.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Current </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 74.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 26.6 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 22.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Deferred </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (12.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 12.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 32.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 62.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 38.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 54.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table> Effective Tax Rate Reconciliation A reconciliation of the significant differences between the effective income tax rate and the federal statutory rate on earnings from continuing operations before income taxes for the fiscal years ended May 31 is as follows: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="56%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Computed federal statutory provision </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 35.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 35.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 35.0 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom"> State income tax provision, net of federal income tax benefit </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.3 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.2 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.2 </td> <td valign="bottom"> % </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Difference in effective tax rates on earnings of foreign subsidiaries </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.2 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -0.8 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -0.4 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom"> Charitable contributions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> -0.7 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -1.5 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -1.1 </td> <td valign="bottom"> % </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Tax credits </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> -0.1 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -0.2 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -0.2 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom"> Valuation allowances </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> -1.4 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.9 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.3 </td> <td valign="bottom"> % </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other - net </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> -1.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 2.5 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 3.4 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Effective tax rates </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.3 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 46.1 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 47.2 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Total provision for income taxes </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 62.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 38.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 54.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Unremitted Earnings At May 31, 2012, the Company had not provided U.S. income taxes on accumulated but undistributed earnings of its non-U.S. subsidiaries of approximately $78.6, as substantially all of these undistributed earnings are expected to be permanently reinvested. However, if any portion were to be distributed, the related U.S. tax liability may be reduced by foreign income taxes paid on those earnings. Determining the unrecognized deferred tax liability related to those investments in these non-U.S. subsidiaries is not practicable. The Company assesses foreign investment levels periodically to determine if all or a portion of the Company’s investments in foreign subsidiaries are indefinitely invested. Deferred Taxes The significant components for deferred income taxes for the fiscal years ended May 31, including deferred income taxes related to discontinued operations, are as follows: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="65%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Deferred tax assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Tax uniform capitalization </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 16.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 17.1 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Inventory reserves </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 29.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 25.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Allowance for doubtful accounts </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.5 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other reserves </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 41.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 23.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Post-retirement, post-employment and pension obligations </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 23.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 21.3 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Tax carryforwards </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 40.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 41.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Lease accounting </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 10.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 9.4 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other - net </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 34.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 29.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Gross deferred tax assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 203.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 173.4 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Valuation allowance </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (34.4 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (36.8 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total deferred tax assets </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 168.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 136.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Deferred tax liabilities </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Prepaid expenses </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.6 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (0.8 </td> <td valign="bottom"> ) </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Depreciation and amortization </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (54.6 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (59.4 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total deferred tax liability </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> (55.2 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (60.2 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Total net deferred tax assets </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 113.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 76.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table> Total net deferred tax assets of $113.7 at May 31, 2012 and $76.4 at May 31, 2011 include $71.4 and $56.2, respectively, in current assets. Total noncurrent deferred tax assets of $42.3 and $20.2 are reflected in noncurrent assets at May 31, 2012 and 2011, respectively. For the year ended May 31, 2012, the valuation allowance decreased by $2.4 and for the year ended May 31, 2011, the valuation allowance increased by $0.8. The valuation allowance is based on the Company’s assessment that it is more likely than not that certain deferred tax assets will not be realized in the foreseeable future. The valuation allowance at May 31, 2012 primarily relates to foreign operating loss carryforwards of $125.0, principally in the UK, which do not expire. The benefits of uncertain tax positions are recorded in the financial statements only after determining a more likely-than-not probability that the uncertain tax positions will withstand challenge, if any, from taxing authorities. These uncertain tax positions are included in long-term income taxes payable, reduced by the associated federal deduction for state taxes and non-U.S. tax credits, and may also include other long-term tax liabilities that are not uncertain but have not yet been paid. The interest and penalties related to these uncertain tax positions are recorded as part of the Company’s income tax expense and part of the income tax liability on the Company’s Consolidated Balance Sheets. The total amount of unrecognized tax benefits at May 31, 2012, 2011 and 2010 were $38.7, excluding $7.1 accrued for interest and penalties, $30.8, excluding $5.9 accrued for interest and penalties, and $30.6, excluding $5.7 for accrued interest and penalties, respectively. Of the total amount of unrecognized tax benefits at May 31, 2012, 2011 and 2010, $18.1, $19.2 and $19.5, respectively, would impact the Company’s effective tax rate. During the years presented, the Company recognized interest and penalties related to unrecognized tax benefits with the provision for taxes on the consolidated financial statements. The Company recognized an expense of $2.4, $1.0, and $1.9 at May 31, 2012, 2011, and 2010, respectively. A reconciliation of the unrecognized tax benefits for the fiscal years ended May 31 is as follows: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="84%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Gross unrecognized benefits at May 31, 2009 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 33.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Decreases related to prior year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (17.6 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Increase related to prior year tax positions </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 15.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Increases related to current year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Settlements during the period </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (1.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Lapse of statute of limitation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (3.2 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Gross unrecognized benefits at May 31, 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Decreases related to prior year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (2.9 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Increase related to prior year tax positions </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Increases related to current year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Settlements during the period </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (2.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Lapse of statute of limitation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Gross unrecognized benefits at May 31, 2011 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Decreases related to prior year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.8 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Increase related to prior year tax positions </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Increases related to current year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Settlements during the period </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (2.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Lapse of statute of limitation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.1 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Gross unrecognized benefits at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 38.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Unrecognized tax benefits for the Company increased by $7.9 and increased by $0.2 for the years ended May 31, 2012 and 2011, respectively. Although the timing of the resolution and/or closure on audits is highly uncertain, it is reasonably possible that the balance of gross unrecognized tax benefits could significantly change in the next twelve months. However, given the number of years remaining subject to examination and the number of matters being examined, the Company is unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax benefits. The Company, including subsidiaries, files income tax returns in the U.S., various states and various foreign jurisdictions. The Company is routinely audited by various tax authorities. At May 31, 2012, the Company is currently under audit by the Internal Revenue Service for its fiscal years ended May 31, 2007, 2008 and 2009. The Company is also contesting the disallowance of certain deductions in the fiscal year ended May 31, 2006. During fiscal 2012, New York State completed the audit for fiscal years ended May 31, 2002, 2003, 2004, and 2005. The Company is currently under audit by New York State for its fiscal years ended May 31, 2006, 2007 and 2008 and New York City for its fiscal years ended May 31, 2005, 2006 and 2007. If any of these tax examinations are concluded within the next twelve months, the Company will make any necessary adjustments to its unrecognized tax benefits. Non-income Taxes The Company is subject to tax examinations for sales-based taxes. A number of these examinations are ongoing and, in certain cases, have resulted in assessments from taxing authorities. Where a liability associated with these examinations and assessments is probable and can be reliably estimable, the Company has made accruals for these matters which are reflected in the Company’s Consolidated Financial Statements. In the third quarter of fiscal 2012, the Company recorded accruals of $19.7 based on the current status of sales tax assessments in two jurisdictions. These amounts are included in the Consolidated Financial Statements in Selling, general and administrative expenses. Future developments relating to the foregoing could result in adjustments being made to these accruals.

78600000

113700000

76400000

2400000 800000

125000000

38700000

7100000

30800000

5900000

30600000

5700000

18100000

19200000

19500000

2400000 1000000 1900000

7900000

200000

19700000

The components of earnings from continuing operations before income taxes for the fiscal years ended May 31 are: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="56%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> United States </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 146.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 77.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 113.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Non-United States </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 24.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 7.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="bottom"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 170.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 84.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 115.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table>

146300000

77200000

113400000

24400000

7200000

2000000

170700000

84400000

115400000

The provision for income taxes for the fiscal years ended May 31 consists of the following components: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="49%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Federal </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Current </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 49.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 10.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 11.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Deferred </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (8.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 29.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 41.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 19.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 41.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> State and local </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Current </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 12.1 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 3.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Deferred </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 11.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 6.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 3.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> International </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Current </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 12.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 12.5 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Deferred </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 9.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 13.5 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 10.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Current </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 74.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 26.6 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 22.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Deferred </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (12.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 12.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 32.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 62.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 38.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 54.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table>

49400000

10300000

11500000

-8200000

9100000

29800000

41200000

19400000

41300000

12100000

3800000

2000000

-700000

2200000

1100000

11400000

6000000

3100000

12800000

12500000

8600000

-3400000

1000000

1400000

9400000

13500000

10000000

74300000

26600000

22100000

-12300000

12300000

32300000

A reconciliation of the significant differences between the effective income tax rate and the federal statutory rate on earnings from continuing operations before income taxes for the fiscal years ended May 31 is as follows: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="56%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Computed federal statutory provision </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 35.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 35.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 35.0 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom"> State income tax provision, net of federal income tax benefit </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.3 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.2 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.2 </td> <td valign="bottom"> % </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Difference in effective tax rates on earnings of foreign subsidiaries </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.2 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -0.8 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -0.4 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom"> Charitable contributions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> -0.7 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -1.5 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -1.1 </td> <td valign="bottom"> % </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Tax credits </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> -0.1 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -0.2 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> -0.2 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom"> Valuation allowances </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> -1.4 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.9 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.3 </td> <td valign="bottom"> % </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other - net </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> -1.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 2.5 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 3.4 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Effective tax rates </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.3 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 46.1 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 47.2 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Total provision for income taxes </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 62.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 38.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 54.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

0.350

0.043

0.052

0.002

-0.008

-0.004

-0.007 -0.015 -0.011

-0.001

-0.002

-0.014

0.059

0.053

-0.010

0.025

0.034

0.363

0.461

0.472

The significant components for deferred income taxes for the fiscal years ended May 31, including deferred income taxes related to discontinued operations, are as follows: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="65%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Deferred tax assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Tax uniform capitalization </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 16.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 17.1 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Inventory reserves </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 29.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 25.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Allowance for doubtful accounts </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.5 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other reserves </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 41.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 23.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Post-retirement, post-employment and pension obligations </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 23.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 21.3 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Tax carryforwards </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 40.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 41.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Lease accounting </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 10.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 9.4 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other - net </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 34.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 29.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Gross deferred tax assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 203.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 173.4 </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Valuation allowance </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (34.4 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (36.8 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total deferred tax assets </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 168.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 136.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Deferred tax liabilities </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Prepaid expenses </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.6 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (0.8 </td> <td valign="bottom"> ) </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Depreciation and amortization </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (54.6 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (59.4 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total deferred tax liability </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> (55.2 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (60.2 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Total net deferred tax assets </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 113.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 76.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table>

16800000 17100000 29800000 25800000

7800000

6500000

41200000

23200000

23100000

21300000

40300000

41000000

10100000 9400000

34200000

29100000

203300000

173400000

34400000

36800000

168900000

136600000

600000

800000

54600000 59400000

55200000

60200000

A reconciliation of the unrecognized tax benefits for the fiscal years ended May 31 is as follows: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="84%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Gross unrecognized benefits at May 31, 2009 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 33.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Decreases related to prior year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (17.6 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Increase related to prior year tax positions </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 15.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Increases related to current year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Settlements during the period </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (1.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Lapse of statute of limitation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (3.2 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Gross unrecognized benefits at May 31, 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Decreases related to prior year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (2.9 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Increase related to prior year tax positions </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Increases related to current year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Settlements during the period </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (2.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Lapse of statute of limitation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Gross unrecognized benefits at May 31, 2011 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Decreases related to prior year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.8 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Increase related to prior year tax positions </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Increases related to current year tax positions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Settlements during the period </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (2.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Lapse of statute of limitation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.1 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Gross unrecognized benefits at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 38.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

33600000

-17600000

15100000

4000000

-1300000

-3200000

-2900000

2500000

2800000

-2200000

-800000

9500000

1700000

-2400000

-100000

10. CAPITAL STOCK AND STOCK-BASED AWARDS Class A Stock and Common Stock Capital stock consisted of the following as of May 31, 2012: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="48%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Class A Stock </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Common Stock </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Preferred Stock </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Authorized </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4,000,000 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 70,000,000 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2,000,000 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Reserved for Issuance </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1,499,000 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7,480,698 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Outstanding </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1,656,200 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 29,795,911 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> </table> The only voting rights vested in the holders of Common Stock, except as required by law, are the election of such number of directors as shall equal at least one-fifth of the members of the Board. The Class A Stockholders are entitled to elect all other directors and to vote on all other matters. The Class A Stockholders and the holders of Common Stock are entitled to one vote per share on matters on which they are entitled to vote. The Class A Stockholders have the right, at their option, to convert shares of Class A Stock into shares of Common Stock on a share-for-share basis. With the exception of voting rights and conversion rights, and as to the rights of holders of Preferred Stock if issued, the Class A Stock and the Common Stock are equal in rank and are entitled to dividends and distributions, when and if declared by the Board. Preferred Stock The Preferred Stock may be issued in one or more series, with the rights of each series, including voting rights, to be determined by the Board before each issuance. To date, no shares of Preferred Stock have been issued. Stock-based awards At May 31, 2012, the Company maintained three stockholder-approved stock-based compensation plans with regard to the Common Stock: the Scholastic Corporation 1995 Stock Option Plan (the “1995 Plan”), under which no further awards can be made; the Scholastic Corporation 2001 Stock Incentive Plan (the “2001 Plan”), under which no further awards can be made; and the Scholastic Corporation 2011 Stock Incentive Plan (the “2011 Plan”). The 2011 Plan was adopted in July 2011, and provides for the issuance of incentive stock options; options that are not so qualified, called non-qualified stock options; restricted stock; and other stock-based awards. The Company’s stock-based compensation vests over periods not exceeding four years. Provisions in the Company’s stock-based compensation plans allow for the acceleration of vesting for certain retirement-eligible employees, as well as in certain other events. Stock Options – At May 31, 2012, non-qualified stock options to purchase 198,740 shares, 2,354,423 shares and 610,912 shares of Common Stock were outstanding under the 1995 Plan, the 2001 Plan and the 2011 Plan, respectively. During fiscal 2012, Mr. Robinson, the Chief Executive Officer of the Corporation, was granted 224,172 options at an exercise price of $28.18 under the 2011 Plan, and an additional 395,380 options were granted under the 2011 Plan to other grantees at a weighted average exercise price of $28.47. At May 31, 2012, 1,285,278 shares of Common Stock were available for additional awards under the 2011 Plan. The Company also maintains the 1997 Outside Directors’ Stock Option Plan (the “1997 Directors’ Plan”), a stockholder-approved stock option plan for outside directors under which no further awards may be made. The 1997 Directors’ Plan, as amended, provided for the automatic grant to each non-employee director on the date of each annual stockholders’ meeting of non-qualified stock options to purchase 6,000 shares of Common Stock. At May 31, 2012, options to purchase 174,000 shares of Common Stock were outstanding under the 1997 Directors’ Plan. In September 2007, the Corporation adopted the Scholastic Corporation 2007 Outside Directors’ Stock Incentive Plan (the “2007 Directors Plan”). From September 2007 through September 2011, the 2007 Directors Plan provided for the automatic grant to each non-employee director on the date of each annual meeting of stockholders of non-qualified stock options to purchase 3,000 shares of Common Stock at a purchase price per share equal to the fair market value of a share of Common Stock on the date of grant and 1,200 restricted stock units. In September 2011, 27,000 options at an exercise price of $26.73 per share and 10,800 restricted stock units were granted under the 2007 Directors Plan. As of May 31, 2012, 111,000 options were outstanding under the 2007 Directors Plan and 333,800 shares of Common Stock remained available for additional awards under the 2007 Directors Plan. In July 2012, the Board approved an amended and restated 2007 Outside Directors Plan (the “Amended 2007 Directors Plan”), which is subject to receiving stockholder approval at the September 2012 annual meeting of stockholders. The Amended 2007 Directors Plan provides for the automatic grant to each non-employee director, on the date of each annual meeting of stockholders, of stock options and restricted stock units with a value equal to a fixed dollar amount. Such dollar amount, as well as the split of such amount between stock options and restricted stock units, will be determined annually by the Board (or committee designated by the Board) in advance of the grant date. Under the Amended 2007 Directors Plan, the value of the stock option portion of the annual grant is determined based on the Black-Scholes option pricing method, with the exercise price being the fair market value of the Common Stock on the grant date, and the value of the restricted stock unit portion is the fair market value of the Common Stock on the grant date. In July 2012, the Board approved the automatic grant, on September 19, 2012, the date of the next annual meeting of stockholders, of stock options and restricted stock units with a value of $70,000, with 40% of such value to be in the form of options and 60% in the form of restricted stock units. The Scholastic Corporation 2004 Class A Stock Incentive Plan (the “Class A Plan”) provided for the grant to Richard Robinson, the Chief Executive Officer of the Corporation as of the effective date of the Class A Plan, of options to purchase Class A Stock (the “Class A Options”). In fiscal 2012, there were no awards granted under the Class A Plan. As of May 31, 2012, there were 1,499,000 Class A Options granted to Mr. Robinson outstanding under the Class A Plan, and no shares of Class A Stock remained available for additional awards under the Class A Plan. Generally, options granted under the various plans may not be exercised for a minimum of one year after the date of grant and expire approximately ten years after the date of grant. The intrinsic value of these stock options is deductible by the Company for tax purposes upon exercise. The Company amortizes the fair value of stock options as stock-based compensation expense over the requisite service period on a straight-line basis, or sooner if the employee effectively vests upon termination of employment under certain circumstances. The following table sets forth the intrinsic value of stock options exercised, pretax stock-based compensation cost and related tax benefits for the Class A Stock and Common Stock plans for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="49%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total intrinsic value of stock options exercised </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Stock-based compensation cost (pretax) </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 12.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 13.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 14.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Tax benefits related to stock-based compensation cost </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Weighted average grant date fair value per option </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 9.30 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.15 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.34 </td> <td valign="bottom">   </td> </tr> </table> As of May 31, 2012, the total pretax compensation cost not yet recognized by the Company with regard to outstanding unvested stock options was $3.1. The weighted average period over which this compensation cost is expected to be recognized is 2.0 years. The following table sets forth the stock option activity for the Class A Stock and Common Stock plans for the fiscal year ended May 31, 2012: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="top">   </td> <td width="3%" valign="top">   </td> <td width="1%" valign="top">   </td> <td width="10%" valign="top">   </td> <td width="3%" valign="top">   </td> <td width="1%" valign="top">   </td> <td width="10%" valign="top">   </td> <td width="3%" valign="top">   </td> <td width="1%" valign="top">   </td> <td width="10%" valign="top">   </td> <td width="3%" valign="top">   </td> <td width="1%" valign="top">   </td> <td width="10%" valign="top">   </td> <td width="1%" valign="top">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Options </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Weighted Average Exercise Price </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Weighted Average Remaining Contractual Term (in years) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Aggregate Intrinsic Value </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Outstanding at May 31, 2011 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5,404,866 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.28 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Granted </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 646,552 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 28.38 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Exercised </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (724,613 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 27.75 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Expired </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (335,040 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> 41.44 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Cancellations and forfeitures </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (43,690 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 26.31 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Outstanding at May 31, 2012 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4,948,075 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 29.69 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Exercisable at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3,497,113 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 31.30 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Restricted Stock Units – In addition to stock options, the Company has issued restricted stock units to certain officers and key executives under the 2011 Plan (“Stock Units”). The Stock Units automatically convert to shares of Common Stock on a one-for-one basis as the award vests, which is typically over a four-year period beginning thirteen months from the grant date and thereafter annually on the anniversary of the grant date. There were 255,684 shares of Common Stock issued upon conversion of Stock Units during fiscal 2012. The Company measures the value of Stock Units at fair value based on the number of Stock Units granted and the price of the underlying Common Stock on the grant date. The Company amortizes the fair value of outstanding Stock Units as stock-based compensation expense over the requisite service period on a straight-line basis, or sooner if the employee effectively vests upon termination of employment under certain circumstances. The following table sets forth the RSU activity for the fiscal year ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="56%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> RSUs granted </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 205,620 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 141,600 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 401,541 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Weighted average grant date price per unit </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 27.92 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 25.03 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 20.11 </td> <td valign="bottom">   </td> </tr> </table> As of May 31, 2012, the total pretax compensation cost not yet recognized by the Company with regard to unvested Stock Units was $5.6. The weighted average period over which this compensation cost is expected to be recognized is 2.5 years. Management Stock Purchase Plan - The Company maintains a Management Stock Purchase Plan (“MSPP”), which allows certain members of senior management to defer up to 100% of their annual cash bonus payments in the form of Restricted Stock Units (“RSUs”) which are purchased by the employee at a 25% discount from the lowest closing price of the Common Stock on NASDAQ on any day during the fiscal quarter in which such bonuses are payable. The RSUs are converted into shares of Common Stock on a one-for-one basis at the end of the applicable deferral period. The Company measures the value of RSUs based on the number of RSUs granted and the price of the underlying Common Stock on the grant date, giving effect to the 25% discount. The Company amortizes this discount as stock-based compensation expense over the vesting term on a straight-line basis, or sooner if the employee effectively vests upon termination of employment under certain circumstances. The following table sets forth the MSPP RSU activity for the fiscal year ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> MSPP RSUs allocated </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 22,486 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 121,550 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Purchase price per unit </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 17.78 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 16.90 </td> <td valign="bottom">   </td> </tr> </table> At May 31, 2012, there were 468,372 shares of Common Stock remaining authorized for issuance under the MSPP. As of May 31, 2012, the total pretax compensation cost not yet recognized by the Company with regard to unvested RSUs under the MSPP was $0.1. The weighted average period over which this compensation cost is expected to be recognized is 1.5 years. The following table sets forth Stock Unit and RSU activity for the year ended May 31, 2012: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="62%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="13%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="14%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Stock Units/RSUs </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Weighted Average grant date fair value </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Nonvested as of May 31, 2011 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 752,404 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 21.51 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Granted </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 238,906 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 27.14 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Vested </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (255,684 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 23.49 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Forfeited </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (24,731 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> 20.59 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Nonvested as of May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 710,895 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 22.81 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> The total fair value of shares vested during the fiscal years ended May 31, 2012, 2011 and 2010 was $6.0, $4.1 and $2.6, respectively. Employee Stock Purchase Plan The Company maintains an Employee Stock Purchase Plan (the “ESPP”), which is offered to eligible United States employees. The ESPP permits participating employees to purchase Common Stock, with after-tax payroll deductions, on a quarterly basis at a 15% discount from the closing price of the Common Stock on NASDAQ. In fiscal 2012, the ESPP was amended to provide that the purchase of Common Stock occurs on the last business day of the calendar quarter. The Company recognizes the discount of the Common Stock issued under the ESPP as stock-based compensation expense in the quarter in which the employees participated in the plan. The following table sets forth the ESPP share activity for the fiscal year ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Shares issued </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 54,967 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 88,370 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Weighted average purchase price per share </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 23.45 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 22.75 </td> <td valign="bottom">   </td> </tr> </table> At May 31, 2012, there were 287,973 shares of Common Stock remaining authorized for issuance under the ESPP.

198740 2354423 610912

224172

28.18

395380

28.47

1285278 6000 174000 3000 1200

27000

26.73

10800

111000

333800

1499000

3100000

P2Y

255684

5600000

P2Y6M

1.00 0.25 468372

100000

P1Y6M

6000000

4100000

2600000

0.15 287973 Capital stock consisted of the following as of May 31, 2012: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="48%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Class A Stock </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Common Stock </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Preferred Stock </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Authorized </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4,000,000 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 70,000,000 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2,000,000 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Reserved for Issuance </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1,499,000 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7,480,698 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Outstanding </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1,656,200 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 29,795,911 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> </table>

1499000

7480698

The following table sets forth the intrinsic value of stock options exercised, pretax stock-based compensation cost and related tax benefits for the Class A Stock and Common Stock plans for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="49%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total intrinsic value of stock options exercised </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Stock-based compensation cost (pretax) </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 12.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 13.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 14.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Tax benefits related to stock-based compensation cost </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Weighted average grant date fair value per option </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 9.30 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.15 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.34 </td> <td valign="bottom">   </td> </tr> </table>

5000000

400000

300000

1800000

2100000

The following table sets forth the stock option activity for the Class A Stock and Common Stock plans for the fiscal year ended May 31, 2012: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="top">   </td> <td width="3%" valign="top">   </td> <td width="1%" valign="top">   </td> <td width="10%" valign="top">   </td> <td width="3%" valign="top">   </td> <td width="1%" valign="top">   </td> <td width="10%" valign="top">   </td> <td width="3%" valign="top">   </td> <td width="1%" valign="top">   </td> <td width="10%" valign="top">   </td> <td width="3%" valign="top">   </td> <td width="1%" valign="top">   </td> <td width="10%" valign="top">   </td> <td width="1%" valign="top">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Options </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Weighted Average Exercise Price </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Weighted Average Remaining Contractual Term (in years) </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Aggregate Intrinsic Value </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Outstanding at May 31, 2011 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5,404,866 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.28 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Granted </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 646,552 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 28.38 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Exercised </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (724,613 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 27.75 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Expired </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (335,040 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> 41.44 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Cancellations and forfeitures </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (43,690 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 26.31 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Outstanding at May 31, 2012 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4,948,075 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 29.69 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Exercisable at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3,497,113 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 31.30 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

5404866

30.28

646552

28.38

-724613

27.75

-335040

41.44

-43690 26.31

4948075

29.69

P5Y73D

5100000

3497113

31.30

P4Y

2200000

The following table sets forth the RSU activity for the fiscal year ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="56%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> RSUs granted </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 205,620 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 141,600 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 401,541 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Weighted average grant date price per unit </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 27.92 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 25.03 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 20.11 </td> <td valign="bottom">   </td> </tr> </table> 205620 141600 401541 27.92 25.03 20.11 The following table sets forth the MSPP RSU activity for the fiscal year ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> MSPP RSUs allocated </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 22,486 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 121,550 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Purchase price per unit </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 17.78 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 16.90 </td> <td valign="bottom">   </td> </tr> </table> 22486 121550 17.78 16.90 The following table sets forth Stock Unit and RSU activity for the year ended May 31, 2012: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="62%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="13%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="14%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Stock Units/RSUs </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Weighted Average grant date fair value </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Nonvested as of May 31, 2011 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 752,404 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 21.51 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Granted </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 238,906 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 27.14 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Vested </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (255,684 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 23.49 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Forfeited </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (24,731 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> 20.59 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Nonvested as of May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 710,895 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 22.81 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

752404

21.51

238906

27.14

-255684

23.49

-24731

20.59

710895

22.81

The following table sets forth the ESPP share activity for the fiscal year ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Shares issued </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 54,967 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 88,370 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Weighted average purchase price per share </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 23.45 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 22.75 </td> <td valign="bottom">   </td> </tr> </table>

54967

88370

23.45 22.75 11. TREASURY STOCK The Company has authorizations made by the Board of Directors to repurchase Common Stock, from time to time as conditions allow, on the open market or through negotiated private transactions, as summarized in the table below: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="80%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Authorization </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Amount </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> December 2007 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 20.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> May 2008 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 20.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> November 2008 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 10.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> February 2009 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> December 2009 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 20.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> September 2010 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 44.0 </td> <td valign="bottom"> (a) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Subtotal </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 119.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Less repurchases made from December 2007 through May 2012 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (87.6 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Remaining Board authorization at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 31.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> (a) Represents the remainder of a $200.0 authorization after giving effect to the purchase of 5,199,699 shares at $30.00 per share pursuant to a large share repurchase in the form of a modified Dutch auction tender offer that was completed by the Company on November 3, 2010 for a total cost of $156.0, excluding related fees and expenses. During the twelve months ended May 31, 2012, the Company repurchased approximately 0.5 million shares on the open market for approximately $13.1 at an average cost of $27.48 per share. The Company’s repurchase program may be suspended at any time without prior notice. 200000000 5199699 30.00 156000000 500000 13100000

27.48

The Company has authorizations made by the Board of Directors to repurchase Common Stock, from time to time as conditions allow, on the open market or through negotiated private transactions, as summarized in the table below: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="80%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Authorization </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Amount </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> December 2007 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 20.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> May 2008 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 20.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> November 2008 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 10.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> February 2009 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> December 2009 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 20.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> September 2010 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 44.0 </td> <td valign="bottom"> (a) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Subtotal </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 119.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Less repurchases made from December 2007 through May 2012 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (87.6 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Remaining Board authorization at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 31.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

20000000

10000000

5000000

20000000

44000000

119000000

-87600000

31400000

12. EMPLOYEE BENEFIT PLANS Pension Plans The Company has a cash balance retirement plan (the “Pension Plan”), which covers the majority of United States employees who meet certain eligibility requirements. The Company funds all of the contributions for the Pension Plan. Benefits generally are based on the Company’s contributions and interest credits allocated to participants’ accounts based on years of benefit service and annual pensionable earnings. It is the Company’s policy to fund the minimum amount required by the Employee Retirement Income Security Act of 1974, as amended. Effective June 1, 2009, no further benefits will accrue to employees under the Pension Plan. Scholastic Ltd., an indirect subsidiary of Scholastic Corporation located in the United Kingdom, has a defined benefit pension plan (the “UK Pension Plan”) that covers its employees who meet various eligibility requirements. Benefits are based on years of service and on a percentage of compensation near retirement. The UK Pension Plan is funded by contributions from Scholastic Ltd. and its employees. Grolier Ltd., an indirect subsidiary of Scholastic Corporation located in Canada, provided a defined benefit pension plan (the “Grolier Canada Pension Plan”) that covered its employees who met certain eligibility requirements. All full-time employees were eligible to participate in the plan after two years of employment. Employees were not required to contribute to the fund. In fiscal 2011, the Company completed the settlement of its outstanding liabilities under the Grolier Canada Pension Plan by purchasing non-participating annuities to service these liabilities prospectively. Accordingly, net liabilities of $1.3 were settled with $1.2 of contributions above plan assets, and the Company recognized $4.2 of expense in fiscal 2011 related to the settlement of this pension plan. The Company’s pension plans have a measurement date of May 31. Post-Retirement Benefits The Company provides post-retirement benefits to retired United States-based employees (the “Post-Retirement Benefits”) consisting of certain healthcare and life insurance benefits. Employees may become eligible for these benefits after completing certain minimum age and service requirements. At May 31, 2012, the unrecognized prior service credit remaining was $0.8. Effective June 1, 2009, the Company modified the terms of the Post-Retirement Benefits, effectively excluding a large percentage of employees from the plan. The Medicare Prescription Drug, Improvement and Modernization Act (the “Medicare Act”) introduced a prescription drug benefit under Medicare (“Medicare Part D”) as well as a Federal subsidy of 28% to sponsors of retiree health care benefit plans providing a benefit that is at least actuarially equivalent to Medicare Part D. The Company has determined that the Post-Retirement Benefits provided to the retiree population are in aggregate the actuarial equivalent of the benefits under Medicare Part D. As a result, in fiscal 2012, 2011 and 2010, the Company recognized a cumulative reduction of its accumulated post-retirement benefit obligation of $2.9, $3.0 and $2.8, respectively, due to the Federal subsidy under the Medicare Act. The following table sets forth the weighted average actuarial assumptions utilized to determine the benefit obligations for the Pension Plan, the UK Pension Plan and the Grolier Canada Pension Plan (collectively the “Pension Plans”), including the Post-Retirement Benefits, at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="26%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Post-Retirement Benefits </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="8" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="8" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Weighted average assumptions used to determine benefit obligations: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Discount rate </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.1 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 3.9 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Rate of compensation increase </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Weighted average assumptions used to determine net periodic benefit cost: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Discount rate </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.0 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="bottom"> Expected long-term return on plan assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7.7 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 7.5 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 7.7 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Rate of compensation increase </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> </table> To develop the expected long-term rate of return on assets assumption for the Pension Plans, the Company considers historical returns and future expectations. Considering this information and the potential for lower future returns due to a generally lower interest rate environment, the Company selected an assumed weighted average long-term rate of return of 7.7% for all of the Pension Plans. The following table sets forth the change in benefit obligation for the Pension Plans and Post-Retirement Benefits at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Post-Retirement Benefits </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Change in benefit obligation: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Benefit obligation at beginning of year </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 173.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 171.1 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 38.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 34.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Service cost </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Interest cost </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.9 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Plan participants’ contributions </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Settlements </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (7.5 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Actuarial losses </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 11.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Foreign currency translation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (1.9 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> 3.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Benefits paid, including expenses </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (9.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (8.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (2.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (3.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Benefit obligation at end of year </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 182.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 173.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 39.6 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 38.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> </tr> </table> The following table sets forth the change in plan assets for the Pension Plans and Post-Retirement Benefits at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Post-Retirement Benefits </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Change in plan assets: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Fair value of plan assets at beginning of year </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 146.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 126.5 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Actual return on plan assets </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 24.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Employer contributions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 9.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 9.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Benefits paid, including expenses </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (9.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (8.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (2.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (3.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Settlements </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (7.5 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Plan participants’ contributions </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Foreign currency translation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (1.3 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> 2.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Fair value of plan assets at end of year </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 145.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 146.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> </tr> </table> The following table sets forth the net underfunded status of the Pension Plans and Post-Retirement Benefits and the related amounts recognized on the Company’s Consolidated Balance Sheets at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Post-Retirement Benefits </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Current liabilities </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Non-current liabilities </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 27.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 35.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net underfunded balance </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 36.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 27.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 39.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 38.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table> The following amounts were recognized in Accumulated other comprehensive loss for the Pension Plans and Post- Retirement Benefits in the Company’s Consolidated Balance Sheets at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="32%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 Post - Retirement Benefits </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 Post - Retirement Benefits </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net actuarial gain (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (76.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (19.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (95.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (56.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (21.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (77.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Net prior service credit </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net amount recognized in Accumulated other comprehensive income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (76.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (18.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (94.8 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (56.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (19.8 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (76.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> The estimated net loss for the Pension Plans that will be amortized from Accumulated other comprehensive loss into net periodic benefit cost over the Company’s fiscal year ending May 31, 2013 is $2.2. The estimated net loss and prior service credit for the Post-Retirement Benefits that will be amortized from Accumulated other comprehensive loss into net periodic benefit cost over the fiscal year ending May 31, 2013 are $3.8 and $0.4, respectively. Income tax benefit of $6.5 and income tax expense of $4.0 were recognized in Accumulated other comprehensive loss at May 31, 2012 and 2011, respectively. The following table sets forth information with respect to the Pension Plans with accumulated benefit obligations in excess of plan assets for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="74%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Projected benefit obligations </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 182.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 173.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accumulated benefit obligations </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 181.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 172.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Fair value of plan assets </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 145.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 146.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> The following table sets forth the net periodic (benefit) cost for the Pension Plans and Post-Retirement Benefits for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="38%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Post - Retirement Benefits </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Components of net periodic (benefit) cost: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Service cost </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 0.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 0.1 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 0.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Interest cost </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Expected return on assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (10.8 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (9.4 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (8.1 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net amortization and deferrals </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Settlement </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Recognized net actuarial loss </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Net periodic (benefit) cost </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> (1.0 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 4.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 4.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 3.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Plan Assets The Company’s investment policy with regard to the assets in the Pension Plans is to actively manage, within acceptable risk parameters, certain asset classes where the potential exists to outperform the broader market. The following table sets forth the total weighted average asset allocations for the Pension Plans by asset category at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Equity securities </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 63.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 68.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="bottom"> Debt securities </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 26.5 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 23.4 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Real estate </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.0 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="bottom"> Other </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 9.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 6.8 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 100.0 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 100.0 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> The following table sets forth the targeted weighted average asset allocations for the Pension Plans included in the Company’s investment policy: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> US Pension Plan </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> UK Pension Plan </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Equity </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 70 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 40 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="bottom"> Debt and cash equivalents </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 30 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 30 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Real estate and other </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 100 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 100 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> The fair values of the Company’s Pension Plans’ assets are measured using Level 1, Level 2 and Level 3 fair value measurements. The fair values of the Level 1 Pension Plans’ assets are determined based on quoted market prices in active markets for identical assets. The fair values of the Level 2 and Level 3 Pension Plans’ assets are based on the net asset values of the funds, which are based on quoted market prices of the underlying investments. For a more complete description of fair value measurements see Note 19, “Fair Value Measurements.” The following table sets forth the measurement of the Company’s Pension Plans’ assets at fair value by asset category at the respective dates: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="11" valign="bottom"> Assets at Fair Value as of May 31, 2012 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 1 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 2 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 3 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Cash and cash equivalents </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Equity securities: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> U.S. (1) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 73.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 73.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> International (2) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 11.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 19.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Fixed Income (3) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 32.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 38.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Annuities </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Real estate (4) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 123.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 16.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 145.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="11" valign="bottom"> Assets at Fair Value as of May 31, 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 1 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 2 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 3 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Cash and cash equivalents </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Equity securities: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> U.S. (1) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 71.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 71.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> International (2) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 17.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 11.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 29.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Fixed Income (3) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 31.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 34.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Annuities </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Real estate (4) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 124.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 16.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 146.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="4%" valign="top">   </td> <td width="96%" valign="top">   </td> </tr> <tr> <td valign="top"> (1) </td> <td valign="top"> Funds which invest in a diversified portfolio of publicly traded U.S. common stocks of large-cap, medium-cap and small-cap companies. There are no restrictions on these investments. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> (2) </td> <td valign="top"> Funds which invest in a diversified portfolio of publicly traded common stock of non-U.S. companies, primarily in Europe and Asia. There are no restrictions on these investments. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> (3) </td> <td valign="top"> Funds which invest in a diversified portfolio of publicly traded government bonds, corporate bonds and mortgage-backed securities. There are no restrictions on these investments. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top"> (4) </td> <td valign="top"> Represents assets of a non-U.S. entity plan invested in a fund whose underlying investments are comprised of properties. The fund has publicly available quoted market prices and there are no restrictions on these investments. </td> </tr> </table> The Company has purchased annuities to service fixed payments to certain retired plan participants in the UK. These annuities are purchased from investment grade counterparties. These annuities are not traded on open markets, and are therefore valued based upon the actuarial determined valuation, and related assumptions, of the underlying projected benefit obligation, a Level 3 valuation technique. The fair value of these assets was $5.8 and $5.7 at May 31, 2012 and May 31, 2011, respectively. The following table summarizes the changes in fair value of these Level 3 assets for the fiscal years ended May 31, 2012 and 2011: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="84%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Balance at May 31, 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Actual Return on Plan Assets: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Relating to assets still held at May 31, 2011 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Relating to assets sold during the year </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Purchases, sales and settlements, net </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Transfers in and/or out of Level 3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Foreign currency translation </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Balance at May 31, 2011 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Actual Return on Plan Assets: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Relating to assets still held at May 31, 2012 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Relating to assets sold during the year </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Purchases, sales and settlements, net </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.3 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Transfers in and/or out of Level 3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Foreign currency translation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.3 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Balance at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Contributions In fiscal 2013, the Company expects to contribute $10.6 to the Pension Plans. Estimated future benefit payments The following table sets forth the expected future benefit payments under the Pension Plans and the Post-Retirement Benefits by fiscal year: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="56%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Post - Retirement </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Pension Benefits </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Benefit Payments </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Medicare Subsidy Receipts </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2013 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 14.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2014 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 16.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2015 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 11.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2016 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 11.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2017 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 11.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2018-2022 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 50.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 14.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Assumed health care cost trend rates at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Health care cost trend rate assumed for the next fiscal year </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="bottom"> Rate to which the cost trend is assumed to decline (the ultimate trend rate) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.0 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Year that the rate reaches the ultimate trend rate </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2020 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2020 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Assumed health care cost trend rates could have a significant effect on the amounts reported for the post-retirement health care plan. A one percentage point change in assumed health care cost trend rates would have the following effects: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total service and interest cost - 1% increase </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Total service and interest cost - 1% decrease </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.2 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (0.2 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Post-retirement benefit obligation - 1% increase </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Post-retirement benefit obligation - 1% decrease </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (3.7 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (3.5 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Defined contribution plans The Company also provides defined contribution plans for certain eligible employees. In the United States, the Company sponsors a 401(k) retirement plan and has contributed $7.4, $6.9 and $5.0 for fiscal 2012, 2011 and 2010, respectively.

1300000

1200000 4200000 800000 0.28

2900000

3000000

2800000

0.077

2200000

3800000

400000

6500000

10600000

7400000 6900000 5000000 The following table sets forth the weighted average actuarial assumptions utilized to determine the benefit obligations for the Pension Plan, the UK Pension Plan and the Grolier Canada Pension Plan (collectively the “Pension Plans”), including the Post-Retirement Benefits, at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="26%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Post-Retirement Benefits </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="8" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="8" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Weighted average assumptions used to determine benefit obligations: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Discount rate </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.1 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 3.9 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Rate of compensation increase </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Weighted average assumptions used to determine net periodic benefit cost: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Discount rate </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.0 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="bottom"> Expected long-term return on plan assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7.7 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 7.5 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 7.7 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Rate of compensation increase </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> </table>

0.040

0.051

0.054

0.039

0.050

0.054

0.033

0.043

0.051

0.054

0.067

0.050

0.054

0.067

0.077

0.075

0.077

0.043

0.036

The following table sets forth the change in benefit obligation for the Pension Plans and Post-Retirement Benefits at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Post-Retirement Benefits </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Change in benefit obligation: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Benefit obligation at beginning of year </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 173.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 171.1 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 38.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 34.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Service cost </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Interest cost </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.9 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Plan participants’ contributions </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Settlements </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (7.5 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Actuarial losses </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 11.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Foreign currency translation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (1.9 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> 3.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Benefits paid, including expenses </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (9.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (8.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (2.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (3.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Benefit obligation at end of year </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 182.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 173.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 39.6 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 38.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> </tr> </table>

173900000

171100000

38300000

34400000

300000

8400000

8900000

1700000

1900000

400000

500000

-7500000

11100000

6000000

1700000

4700000

-1900000

3700000

-9300000

-8600000

-2500000

-3200000

182200000

39600000

The following table sets forth the change in plan assets for the Pension Plans and Post-Retirement Benefits at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Post-Retirement Benefits </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Change in plan assets: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Fair value of plan assets at beginning of year </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 146.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 126.5 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Actual return on plan assets </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 24.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Employer contributions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 9.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 9.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Benefits paid, including expenses </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (9.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (8.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (2.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (3.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Settlements </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (7.5 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Plan participants’ contributions </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Foreign currency translation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (1.3 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> 2.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Fair value of plan assets at end of year </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 145.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 146.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="2" width="100%" noshade="noshade" /> </td> </tr> </table>

146700000

126500000

-200000

24600000

9900000

9200000

2200000

2700000

-9300000 -8600000 -2600000 -3200000

-7500000

-1300000

2500000

145800000

The following table sets forth the net underfunded status of the Pension Plans and Post-Retirement Benefits and the related amounts recognized on the Company’s Consolidated Balance Sheets at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Post-Retirement Benefits </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="5" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Current liabilities </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Non-current liabilities </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 27.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 35.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net underfunded balance </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 36.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 27.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 39.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 38.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table>

3400000

2800000

36400000

27200000

36200000

35500000

36400000

27200000

39600000

38300000

The following amounts were recognized in Accumulated other comprehensive loss for the Pension Plans and Post- Retirement Benefits in the Company’s Consolidated Balance Sheets at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="32%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 Post - Retirement Benefits </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 Post - Retirement Benefits </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net actuarial gain (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (76.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (19.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (95.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (56.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (21.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (77.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Net prior service credit </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net amount recognized in Accumulated other comprehensive income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (76.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (18.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (94.8 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (56.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (19.8 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (76.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

76400000

19200000

95600000

56400000

21300000

77700000

800000

1500000

-76400000

-18400000

-94800000

-56400000

-19800000

-76200000

The following table sets forth information with respect to the Pension Plans with accumulated benefit obligations in excess of plan assets for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="74%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Projected benefit obligations </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 182.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 173.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accumulated benefit obligations </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 181.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 172.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Fair value of plan assets </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 145.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 146.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

182200000

173900000

181100000

172800000

145800000

146700000

The following table sets forth the net periodic (benefit) cost for the Pension Plans and Post-Retirement Benefits for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="38%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Pension Plans </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Post - Retirement Benefits </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Components of net periodic (benefit) cost: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Service cost </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 0.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 0.1 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 0.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Interest cost </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Expected return on assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (10.8 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (9.4 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (8.1 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net amortization and deferrals </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.6 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Settlement </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Recognized net actuarial loss </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Net periodic (benefit) cost </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> (1.0 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 4.0 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 4.9 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 3.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

100000

9700000

1600000

-10800000

-9400000

-8100000

-100000 -600000 -700000 -700000

4200000

800000

1400000 1800000 1600000 3800000 2600000 1200000

-1000000

5800000

4000000

4900000

3800000

2100000

The following table sets forth the total weighted average asset allocations for the Pension Plans by asset category at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Equity securities </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 63.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 68.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="bottom"> Debt securities </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 26.5 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 23.4 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Real estate </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.0 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="bottom"> Other </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 9.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 6.8 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 100.0 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 100.0 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

0.635

0.687

0.265

0.234

0.010

0.011

0.090

0.068

1.000

The following table sets forth the targeted weighted average asset allocations for the Pension Plans included in the Company’s investment policy: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> US Pension Plan </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> UK Pension Plan </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Equity </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 70 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 40 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="bottom"> Debt and cash equivalents </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 30 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 30 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Real estate and other </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 100 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 100 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

0.70

0.40

0.30 0.30 0.00 0.30 1.00 1.00 The following table sets forth the measurement of the Company’s Pension Plans’ assets at fair value by asset category at the respective dates: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="11" valign="bottom"> Assets at Fair Value as of May 31, 2012 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 1 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 2 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 3 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Cash and cash equivalents </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Equity securities: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> U.S. (1) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 73.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 73.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> International (2) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 11.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 19.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Fixed Income (3) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 32.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 38.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Annuities </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Real estate (4) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 123.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 16.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.8 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 145.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="42%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="11" valign="bottom"> Assets at Fair Value as of May 31, 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 1 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 2 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 3 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Total </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Cash and cash equivalents </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Equity securities: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> U.S. (1) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 71.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 71.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> International (2) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 17.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 11.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 29.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Fixed Income (3) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 31.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 34.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Annuities </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Real estate (4) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 124.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 16.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 146.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

7400000

73000000

11200000

8300000

19500000

32200000

6400000

38600000

5800000

1500000

123800000

16200000

5800000

145800000

4400000

71400000

17800000

11500000

29300000

31100000

3100000

34200000

5700000

1700000

124700000

16300000

5700000

146700000

The following table summarizes the changes in fair value of these Level 3 assets for the fiscal years ended May 31, 2012 and 2011: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="84%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Balance at May 31, 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Actual Return on Plan Assets: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Relating to assets still held at May 31, 2011 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Relating to assets sold during the year </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Purchases, sales and settlements, net </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Transfers in and/or out of Level 3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Foreign currency translation </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Balance at May 31, 2011 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Actual Return on Plan Assets: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Relating to assets still held at May 31, 2012 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Relating to assets sold during the year </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Purchases, sales and settlements, net </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.3 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Transfers in and/or out of Level 3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Foreign currency translation </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.3 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Balance at May 31, 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

4900000

200000 600000

5700000

700000

-300000

5800000

The following table sets forth the expected future benefit payments under the Pension Plans and the Post-Retirement Benefits by fiscal year: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="56%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="5" valign="bottom"> Post - Retirement </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Pension Benefits </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Benefit Payments </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Medicare Subsidy Receipts </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2013 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 14.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2014 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 16.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2015 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 11.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2016 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 11.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2017 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 11.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> 2018-2022 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 50.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 14.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

14700000

3100000

200000

16200000

3200000

200000

11300000

3200000

300000

11400000

3100000

300000

11100000

3100000

300000

50600000

14200000

1600000 Assumed health care cost trend rates <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Health care cost trend rate assumed for the next fiscal year </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 7.5 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 8.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> % </td> </tr> <tr> <td valign="bottom"> Rate to which the cost trend is assumed to decline (the ultimate trend rate) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.0 </td> <td valign="bottom"> % </td> <td valign="bottom">   </td> <td valign="bottom"> 5.0 </td> <td valign="bottom"> % </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Year that the rate reaches the ultimate trend rate </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2020 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 2020 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

0.075

0.083

0.050

2020

A one percentage point change in assumed health care cost trend rates would have the following effects: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total service and interest cost - 1% increase </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Total service and interest cost - 1% decrease </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (0.2 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (0.2 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Post-retirement benefit obligation - 1% increase </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 4.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Post-retirement benefit obligation - 1% decrease </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (3.7 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (3.5 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

200000

-200000

4300000

4100000

-3700000

-3500000

13. ACCRUED SEVERANCE The table below provides information regarding the Company’s severance cost associated with certain cost reduction measures. Accrued severance, which includes the severance associated with these cost reduction measures, of $2.7 and $1.9 as of May 31, 2012 and 2011, respectively, is included in “Other accrued expenses” on the Company’s Consolidated Balance Sheets. <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Beginning balance </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accruals </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 14.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Payments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (14.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (8.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Ending balance </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1.9 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> The table below provides information regarding the Company’s severance cost associated with certain cost reduction measures. <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="70%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Beginning balance </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.4 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accruals </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 14.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Payments </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (14.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> (8.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Ending balance </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 1.9 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> 1900000 3400000 -14100000 -8200000 2700000

14. EARNINGS (LOSS) PER SHARE The following table summarizes the reconciliation of the numerators and denominators for the Basic and Diluted earnings (loss) per share computation for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="62%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Earnings (loss) from continuing operations attributable to Class A and Common Shares </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 108.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 45.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 61.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Earnings (loss) from discontinued operations attributable to Class A and Common Shares, net of tax </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (6.3 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (6.1 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (4.9 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net income (loss) attributable to Class A and Common Shares </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 101.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 39.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 56.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 31.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 33.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="bottom"> Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 31.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 33.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Earnings (loss) per share of Class A Stock and Common Stock: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Basic earnings (loss) per share: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Earnings (loss) from continuing operations </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.47 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.36 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.67 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Earnings (loss) from discontinued operations, net of tax </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.20 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.18 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.13 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.27 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.18 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.54 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Diluted earnings (loss) per share: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Earnings (loss) from continuing operations </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.41 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.34 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.65 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Earnings (loss) from discontinued operations, net of tax </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.20 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.18 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.13 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.21 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.16 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.52 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table> Earnings from continuing operations exclude earnings of $0.5 and $0.3 for the years ended May 31, 2012 and 2011, respectively, for earnings attributable to participating restricted stock units. In a period in which the Company reports a discontinued operation, Earnings (loss) from continuing operations is used as the “control number” in determining whether potentially dilutive common shares are dilutive or anti-dilutive. A portion of the Company’s restricted stock units granted to employees participates in earnings through cumulative non-forfeitable dividends payable to the employees upon vesting of the restricted stock units. Accordingly, the Company measures earnings per share based upon the two-class method. Options that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive totaled: 3,962,650 at May 31, 2012; 4,341,331 at May 31, 2011; and 5,264,202 at May 31, 2010. Options outstanding pursuant to compensation plans were 4.9 million and 5.4 million as of May 31, 2012 and 2011, respectively. As of May 31, 2012, $31.4 remains available for future purchases of common shares under the current repurchase authorization of the Board of Directors. See Note 11, “Treasury Stock,” for a more complete description of the Company’s share buy-back program.

500000

300000

3962650

4341331

5264202

31400000

The following table summarizes the reconciliation of the numerators and denominators for the Basic and Diluted earnings (loss) per share computation for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="62%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Earnings (loss) from continuing operations attributable to Class A and Common Shares </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 108.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 45.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 61.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Earnings (loss) from discontinued operations attributable to Class A and Common Shares, net of tax </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (6.3 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (6.1 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (4.9 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net income (loss) attributable to Class A and Common Shares </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 101.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 39.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 56.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 31.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 33.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="bottom"> Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 31.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 33.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Earnings (loss) per share of Class A Stock and Common Stock: </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Basic earnings (loss) per share: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Earnings (loss) from continuing operations </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.47 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.36 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.67 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Earnings (loss) from discontinued operations, net of tax </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.20 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.18 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.13 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.27 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.18 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.54 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Diluted earnings (loss) per share: </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Earnings (loss) from continuing operations </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.41 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.34 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.65 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Earnings (loss) from discontinued operations, net of tax </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.20 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.18 </td> <td valign="bottom"> ) </td> <td valign="bottom"> $ </td> <td valign="bottom"> (0.13 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Net income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 3.21 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.16 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 1.52 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

108200000 45200000 61000000

101900000

39100000

56100000

31200000

33100000

36500000

500000

300000

31700000

33600000

36800000

15. OTHER ACCRUED EXPENSES Other accrued expenses consist of the following at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="74%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accrued payroll, payroll taxes and benefits </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 48.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 45.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accrued bonus and commissions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 57.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 32.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accrued other taxes </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 42.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 20.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accrued advertising and promotions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 27.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accrued income taxes </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 10.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accrued insurance </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Other accrued expenses </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 34.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total accrued expenses </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 233.5 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 173.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table> Other accrued expenses consist of the following at May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="74%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accrued payroll, payroll taxes and benefits </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 48.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 45.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accrued bonus and commissions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 57.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 32.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accrued other taxes </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 42.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 20.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accrued advertising and promotions </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 36.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 27.2 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accrued income taxes </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 10.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 5.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Accrued insurance </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 8.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Other accrued expenses </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 34.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Total accrued expenses </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 233.5 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 173.3 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="3" width="100%" noshade="noshade" /> </td> </tr> </table> 48100000 45000000 57300000 32600000

42800000

20100000

36100000 27200000

10200000

5500000

8400000

30600000 34500000

233500000

173300000

16. OTHER INCOME (EXPENSE) Other income (expense) consisted of the following for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="63%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Acquisition costs </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Gain on repurchase of notes </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.9 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total Other income (expense) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

Other income (expense) consisted of the following for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="63%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Acquisition costs </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> — </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Gain on repurchase of notes </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.9 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Total Other income (expense) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.1 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (0.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> </table>

100000

400000

900000

17. OTHER FINANCIAL DATA Other financial data consisted of the following for the fiscal years ended May 31: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="62%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Advertising expense </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 147.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 155.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 149.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Prepublication and production costs </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 127.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 125.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 117.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Amortization of prepublication and production costs </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 55.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 51.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 51.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Foreign currency translation gain (loss) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (1.3 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> 0.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Purchases related to contractual commitments relating to minimum print quantities during fiscal years </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 61.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 44.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 39.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="75%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Unredeemed credits issued in conjuction with the Company’s school-based book club and book fair operations (included in other accrued expenses) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Components of Accumulated other comprehensive income (loss): </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Foreign Currency Translation </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (10.9 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (2.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Pension Obligations (net of tax of $31.5 and $25.0) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (63.3 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (51.2 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accumulated other comprehensive income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (74.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (53.9 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> </table> Schedule of Other Financial Data Other Than Accumulated Other Comprehensive Income <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="62%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2010 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Advertising expense </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 147.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 155.7 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 149.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Prepublication and production costs </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 127.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 125.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 117.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Amortization of prepublication and production costs </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 55.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 51.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 51.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Foreign currency translation gain (loss) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (1.3 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> 0.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Purchases related to contractual commitments relating to minimum print quantities during fiscal years </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 61.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 44.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 39.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> </table>

147900000

155700000

149600000

127400000 125100000 117800000

700000

-1300000

500000

61100000 44900000 39100000 Schedule of Other Financial Data Relating to Other Comprehensive Income <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="75%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="3%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2012 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> 2011 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="2" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Unredeemed credits issued in conjuction with the Company’s school-based book club and book fair operations (included in other accrued expenses) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Components of Accumulated other comprehensive income (loss): </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Foreign Currency Translation </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (10.9 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (2.7 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> <tr> <td valign="bottom"> Pension Obligations (net of tax of $31.5 and $25.0) </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> (63.3 </td> <td valign="bottom"> ) </td> <td valign="bottom">   </td> <td valign="bottom"> (51.2 </td> <td valign="bottom"> ) </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Accumulated other comprehensive income (loss) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (74.2 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> (53.9 </td> <td valign="bottom" style="background-color: #E6E6E6;"> ) </td> </tr> </table>

9200000

9000000

-10900000

-2700000

-63300000

-51200000

-74200000

-53900000

18. DERIVATIVES AND HEDGING The Company enters into foreign currency derivative contracts to economically hedge the exposure to foreign currency fluctuations associated with the forecasted purchase of inventory and the foreign exchange risk associated with certain receivables denominated in foreign currencies. These derivative contracts are economic hedges and are not designated as cash flow hedges. The Company marks-to-market these instruments and records the changes in the fair value of these items in current earnings, and it recognizes the unrealized gain or loss in other current assets or liabilities. Unrealized gains of $0.5 were recognized at May 31, 2012 and unrealized losses of $0.5 were recognized at May 31, 2011, respectively.

500000 500000

19. FAIR VALUE MEASUREMENTS The Company determines the appropriate level in the fair value hierarchy for each fair value measurement of assets and liabilities carried at fair value on a recurring basis in the Company’s financial statements. The fair value hierarchy prioritizes the inputs, which refer to assumptions that market participants would use in pricing an asset or liability, based upon the highest and best use, into three levels as follows: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="4%" valign="top">   </td> <td width="4%" valign="top">   </td> <td width="4%" valign="top">   </td> <td width="4%" valign="top">   </td> <td width="84%" valign="top">   </td> </tr> <tr> <td valign="top">   </td> <td valign="top"> • </td> <td colspan="3" valign="top"> Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date. </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top">   </td> <td valign="top"> • </td> <td colspan="3" valign="top"> Level 2 Observable inputs other than unadjusted quoted prices in active markets for identical assets or liabilities such as </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td colspan="3" valign="top">   </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top"> o </td> <td valign="top"> Quoted prices for similar assets or liabilities in active markets </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top"> o </td> <td valign="top"> Quoted prices for identical or similar assets or liabilities in inactive markets </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top"> o </td> <td valign="top"> Inputs other than quoted prices that are observable for the asset or liability </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top"> o </td> <td valign="top"> Inputs that are derived principally from or corroborated by observable market data by correlation or other means </td> </tr> <tr> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> <td valign="top">   </td> </tr> <tr> <td valign="top">   </td> <td valign="top"> • </td> <td colspan="3" valign="top"> Level 3 Unobservable inputs in which there is little or no market data available, which are significant to the fair value measurement and require the Company to develop its own assumptions. </td> </tr> </table> The Company’s financial assets and liabilities measured at fair value consisted of cash and cash equivalents, debt and foreign currency forward contracts. Cash and cash equivalents are comprised of bank deposits and short-term investments, such as money market funds, the fair value of which is based on quoted market prices, a Level 1 fair value measure. The Company employs Level 2 fair value measurements for the disclosure of the fair value of its 5% Notes and its various lines of credit. For a more complete description of fair value measurements employed, see Note 5, “Debt.” The fair values of foreign currency forward contracts, used by the Company to manage the impact of foreign exchange rate changes to the financial statements, are based on quotations from financial institutions, a Level 2 fair value measure. Non-financial assets and liabilities for which the Company employs fair value measures on a non-recurring basis include: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="4%" valign="top">   </td> <td width="4%" valign="top">   </td> <td width="92%" valign="top">   </td> </tr> <tr> <td valign="top">   </td> <td valign="top"> • </td> <td valign="top"> Long-lived assets </td> </tr> <tr> <td valign="top">   </td> <td valign="top"> • </td> <td valign="top"> Investments </td> </tr> <tr> <td valign="top">   </td> <td valign="top"> • </td> <td valign="top"> Assets acquired in a business combination </td> </tr> <tr> <td valign="top">   </td> <td valign="top"> • </td> <td valign="top"> Goodwill and indefinite-lived intangible assets </td> </tr> <tr> <td valign="top">   </td> <td valign="top"> • </td> <td valign="top"> Long-lived assets held for sale </td> </tr> </table> Level 2 and Level 3 inputs are employed by the Company in the fair value measurement of these assets and liabilities. The following tables present non-financial assets that were measured and recorded at fair value on a non-recurring basis and the total impairment losses and additions recognized on those assets: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="28%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="13%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Net carrying value as of May 31, 2012 </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Fair value measured and recorded using </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Impairment losses for fiscal year ended May 31, 2012 </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Additions due to acquisitions </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 1 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 2 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Goodwill </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Other Intangible assets impairment </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other Intangible assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Production assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Investments </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="28%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="13%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Net carrying value as of May 31, 2011 </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Fair value measured and recorded using </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Impairment losses for fiscal year ended May 31, 2011 </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Additions due to acquisitions </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 1 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 2 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Goodwill impairment </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 3.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Goodwill </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other Intangible assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Property, plant and equipment, net </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Prepublication assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Investments </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="28%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="13%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Net carrying value as of May 31, 2010 </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Fair value measured and recorded using </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Impairment losses for fiscal year ended May 31, 2010 </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Additions due to acquisitions </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 1 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 2 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Goodwill impairment </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 0.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Other Intangible assets impairment </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 31.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other Intangible assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Prepublication assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Investments </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> </table>

0.05

The following tables present non-financial assets that were measured and recorded at fair value on a non-recurring basis and the total impairment losses and additions recognized on those assets: <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="28%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="13%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Net carrying value as of May 31, 2012 </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Fair value measured and recorded using </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Impairment losses for fiscal year ended May 31, 2012 </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Additions due to acquisitions </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 1 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 2 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Goodwill </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Other Intangible assets impairment </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 6.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other Intangible assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.4 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Production assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Investments </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> </table><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="28%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="13%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Net carrying value as of May 31, 2011 </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Fair value measured and recorded using </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Impairment losses for fiscal year ended May 31, 2011 </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Additions due to acquisitions </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 1 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 2 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Goodwill impairment </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 3.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Goodwill </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other Intangible assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.6 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Property, plant and equipment, net </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Prepublication assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 2.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Investments </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.7 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> </table><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="28%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="13%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="5%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="6%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="8%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="10%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Net carrying value as of May 31, 2010 </td> <td valign="bottom">   </td> <td colspan="8" valign="bottom"> Fair value measured and recorded using </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Impairment losses for fiscal year ended May 31, 2010 </td> <td valign="bottom">   </td> <td colspan="2" rowspan="2" valign="bottom"> Additions due to acquisitions </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 1 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 2 </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Level 3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" colspan="20"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Goodwill impairment </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 0.4 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Other Intangible assets impairment </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 31.3 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Other Intangible assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 0.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 3.8 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 5.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom"> Prepublication assets </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 7.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr style="background-color: #E6E6E6;"> <td valign="bottom"> Investments </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> — </td> <td valign="bottom">   </td> </tr> </table>

2700000

2700000 4900000

4900000

6800000

5400000

5400000 5400000 600000 600000 4000000

1300000

3400000

1000000

5600000

5600000 5600000 1400000 2700000

5700000

3600000

400000

31300000

800000

800000 3800000 5100000 7600000

1500000

20. SUBSEQUENT EVENTS On July 18, 2012, the Board of Directors declared a regular cash dividend of $0.125 per Class A and Common share in respect of the first quarter of fiscal 2013. The dividend is payable on September 17, 2012 to shareholders of record on August 31, 2012.

0.125

<table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="40%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="11" valign="bottom"> (Amounts in millions) Years ended May 31, </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="11" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Balance at Beginning of Year </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Expensed </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Write-Offs and Other </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Balance at End of Year </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="11" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Allowance for doubtful accounts </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 22.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 12.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 25.9 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reserve for returns </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 33.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 81.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 57.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> (1) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 57.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Reserves for obsolescence </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 82.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 48.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 39.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 90.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reserve for royalty advances </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 71.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 77.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Allowance for doubtful accounts </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 18.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 13.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 22.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Reserve for returns </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 30.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 69.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 67.5 </td> <td valign="bottom"> (1) </td> <td valign="bottom">   </td> <td valign="bottom"> 33.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reserves for obsolescence </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 78.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 27.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 23.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 82.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Reserve for royalty advances </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 68.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 71.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Allowance for doubtful accounts </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 15.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 9.5 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 6.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 18.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reserve for returns </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 34.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 62.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 66.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> (1) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Reserves for obsolescence </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 74.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 27.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 23.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 78.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reserve for royalty advances </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 72.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 10.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 68.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="4%" valign="top">   </td> <td width="96%" valign="top">   </td> </tr> <tr> <td valign="top"> (1) </td> <td valign="top"> Represents actual returns charged to the reserve </td> </tr> </table>

Schedule of valuation and qualifying accounts and reserves <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="40%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="7%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="11%" valign="bottom">   </td> <td width="2%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> <td width="12%" valign="bottom">   </td> <td width="1%" valign="bottom">   </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="11" valign="bottom"> (Amounts in millions) Years ended May 31, </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="11" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom">   </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Balance at Beginning of Year </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Expensed </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Write-Offs and Other </td> <td valign="bottom">   </td> <td colspan="2" valign="bottom"> Balance at End of Year </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td colspan="11" valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2012 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Allowance for doubtful accounts </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 22.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 12.3 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 8.7 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 25.9 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reserve for returns </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 33.0 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 81.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 57.3 </td> <td valign="bottom" style="background-color: #E6E6E6;"> (1) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 57.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Reserves for obsolescence </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 82.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 48.1 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 39.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 90.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reserve for royalty advances </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 71.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 0.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 77.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> 2011 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Allowance for doubtful accounts </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 18.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 13.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 9.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> $ </td> <td valign="bottom" style="background-color: #E6E6E6;"> 22.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Reserve for returns </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 30.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 69.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 67.5 </td> <td valign="bottom"> (1) </td> <td valign="bottom">   </td> <td valign="bottom"> 33.0 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reserves for obsolescence </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 78.1 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 27.3 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 23.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 82.2 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Reserve for royalty advances </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 68.9 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 4.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 1.6 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 71.8 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> 2010 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> <td valign="top"> <hr size="1" width="100%" noshade="noshade" /> </td> </tr> <tr> <td valign="bottom"> Allowance for doubtful accounts </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 15.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 9.5 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 6.2 </td> <td valign="bottom">   </td> <td valign="bottom"> $ </td> <td valign="bottom"> 18.5 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reserve for returns </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 34.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 62.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 66.4 </td> <td valign="bottom" style="background-color: #E6E6E6;"> (1) </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 30.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> <tr> <td valign="bottom"> Reserves for obsolescence </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 74.4 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 27.2 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 23.5 </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td valign="bottom"> 78.1 </td> <td valign="bottom">   </td> </tr> <tr> <td valign="bottom" style="background-color: #E6E6E6;"> Reserve for royalty advances </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 72.6 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 6.8 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 10.5 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> <td valign="bottom" style="background-color: #E6E6E6;"> 68.9 </td> <td valign="bottom" style="background-color: #E6E6E6;">   </td> </tr> </table>

22300000

12300000

8700000

25900000

33000000

81800000

57300000

57500000

82200000

48100000

39500000

90800000

71800000

6500000

500000

77800000

18500000

13600000

9800000

30900000

69600000

67500000

78100000

27300000

23200000

68900000

4500000

1600000

15200000

9500000

6200000

34500000

62800000

66400000

74400000

27200000

23500000

72600000

6800000

10500000