View Filing Data

Cost of goods sold (exclusive of depreciation and amortization)

$ 467.0

$ 384.3

$ 1,470.3

$ 1,342.6

Operating costs and expenses:

219.6

193.8

665.7

632.3

Selling, general and administrative expenses (exclusive of depreciation and amortization)

235.5

198.1

636.1

597.2

3.1

6.7

7.8

12.6

^[1]

16.0

14.5

46.6

43.4

Total operating costs and expenses

0.8

7.0

Severance

3.9

1.2

12.2

4.3

478.9

414.3

1,375.4

1,289.8

Operating income (loss)

(11.9)

(30.0)

94.9

52.8

Other income (expense)

0.0

(0.4)

Interest expense, net

3.9

11.7

Earnings (loss) from continuing operations before income taxes

(15.8)

(33.9)

83.2

40.7

Provision (benefit) for income taxes

(5.9)

(9.9)

34.9

21.5

Earnings (loss) from discontinued operations, net of tax

(9.9)

(24.0)

48.3

19.2

(0.4)

(1.1)

(2.9)

(4.6)

Earnings (loss) from continuing operations (in Dollars per share)

$ (10.3)

$ (25.1)

$ 45.4

$ 14.6

Basic:

$ (0.32)

$ (0.77)

$ 1.54

$ 0.56

Earnings (loss) from discontinued operations, net of tax (in Dollars per share)

(0.01)

(0.04)

(0.09)

(0.13)

Net income (loss) (in Dollars per share)

(0.33)

(0.81)

1.45

0.43

Diluted:

Earnings (loss) from continuing operations (in Dollars per share)

(0.32)

(0.77)

1.52

0.55

Earnings (loss) from discontinued operations, net of tax (in Dollars per share)

(0.01)

(0.04)

(0.09)

(0.13)

Net income (loss) (in Dollars per share)

(0.33)

(0.81)

1.43

0.42

Dividends declared per common share (in Dollars per share)

$ 0.125

$ 0.100

$ 0.325

$ 0.275

[1]	Includes depreciation of property, plant and equipment and amortization of intangible assets.

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Feb. 29, 2012	May 31, 2011	Feb. 28, 2011
Common Class A [Member]
Stockholders’ Equity:
Common Stock, $.01 par value	$ 0.0	$ 0.0	$ 0.0
Cash and cash equivalents	111.8	105.3	90.7
Accounts receivable, net	271.5	220.3	193.6
Inventories, net	397.2	308.7	374.5
Deferred income taxes	56.5	56.2	59.7
Prepaid expenses and other current assets	75.4	57.1	78.4
Current assets of discontinued operations	9.3	10.5	10.8
Total current assets	921.7	758.1	807.7
Property, plant and equipment, net	326.2	339.0	337.5
Prepublication costs	119.8	117.7	113.4
Royalty advances, net	36.7	35.5	37.2
Production costs	7.4	7.4	8.1
Goodwill	162.9	154.2	158.3
Other intangibles	16.6	19.8	20.2
Noncurrent deferred income taxes	20.2	20.2	33.7
Other assets and deferred charges	34.7	35.1	38.1
Total assets	1,646.2	1,487.0	1,554.2
Lines of credit, short-term debt and current portion of long-term debt	12.6	43.5	49.5
Capital lease obligations	1.1	0.5	0.5
Accounts payable	160.1	120.1	162.6
Accrued royalties	84.4	35.4	62.2
Deferred revenue	78.5	49.1	66.2
Other accrued expenses	209.1	173.3	166.6
Current liabilities of discontinued operations	1.2	0.8	1.0
Total current liabilities	547.0	422.7	508.6
Long-term debt	152.7	159.9	170.6
Capital lease obligations	56.1	55.0	54.7
Other noncurrent liabilities	105.1	109.4	118.8
Total noncurrent liabilities	313.9	324.3	344.1
Commitments and Contingencies:
Preferred Stock, $1.00 par value
Common Stock, $.01 par value	0.4	0.4	0.4
Additional paid-in capital	585.0	576.6	574.1
Accumulated other comprehensive loss	(52.4)	(53.9)	(67.6)
Retained earnings	670.9	635.8	614.2
Treasury stock at cost	(418.6)	(418.9)	(419.6)
Total stockholders’ equity	785.3	740.0	701.5
Total liabilities and stockholders’ equity	$ 1,646.2	$ 1,487.0	$ 1,554.2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Feb. 29, 2012	May 31, 2011	Feb. 28, 2011
Common Class A [Member]
Common Stock, par or stated value per share	$ 0.01	$ 0.01	$ 0.01
Preferred Stock, par value	1.00	1.00	1.00
Common Stock, par or stated value per share	$ 0.01	$ 0.01	$ 0.01

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

9 Months Ended

Feb. 29, 2012

Feb. 28, 2011

Cash flows - operating activities:

Earnings (loss) from discontinued operations, net of tax

$ 45.4

$ 14.6

(2.9)

(4.6)

Adjustments to reconcile earnings from continuing operations to net cash provided by (used in) operating activities of continuing operations:

48.3

19.2

Provision for losses on accounts receivable

7.8

12.6

Provision for losses on inventory

18.0

18.4

Provision for losses on royalty

4.3

3.3

Amortization of prepublication and production costs

^[1]

36.4

35.3

Non-cash writeoff related to impairment

^[2]

46.6

43.4

Deferred income taxes

0.1

1.2

Stock-based compensation

10.0

11.1

Loss on subleases

6.2

0.8

Changes in assets and liabilities:

Accounts receivable

(57.6)

13.6

Inventories

(107.2)

(68.9)

Other current assets

(18.2)

(39.8)

Deferred promotion costs

(1.7)

(2.0)

Royalty advances

(5.8)

(1.8)

Accounts payable

38.3

57.7

Other accrued expenses

38.2

8.6

Accrued royalties

49.1

18.6

Deferred revenue

25.4

25.8

Pension and post-retirement liability

(6.0)

(5.4)

Other, net

1.1

5.8

Total adjustments

85.8

137.5

Net cash provided by (used in) operating activities of continuing operations

134.1

156.7

Net cash provided by (used in) operating activities of discontinued operations

(1.3)

(1.8)

Net cash provided by (used in) operating activities

132.8

154.9

Cash flows - investing activities:

Prepublication and production expenditures

(39.7)

(38.4)

Additions to property, plant and equipment

(33.0)

(31.4)

Repayment of loan from investee

1.2

Land acquisition

(24.3)

(5.3)

(9.2)

Net cash provided by (used in) investing activities

(78.0)

(102.1)

Cash flows - financing activities:

Repayment of term loan

(50.2)

(32.1)

Borrowings under Credit Agreement and Revolver

28.8

70.0

Repayment of Credit Agreement and Revolver

(28.8)

(70.0)

Borrowings under lines of credit

78.8

92.3

Repayment of lines of credit

(65.0)

(94.6)

Repayment of capital lease obligations

(0.5)

(1.9)

Reacquisition of common stock

(5.6)

(166.9)

Proceeds pursuant to stock-based compensation plans

3.5

2.6

Payment of dividends

(9.3)

(7.7)

Other

0.7

(1.2)

Net cash provided by (used in) financing activities

(47.6)

(209.5)

Effect of exchange rate changes on cash and cash equivalents

(0.7)

3.3

Net increase (decrease) in cash and cash equivalents

6.5

(153.4)

Cash and cash equivalents at beginning of period

105.3

244.1

Cash and cash equivalents at end of period

$ 111.8

$ 90.7

[1]	Includes amortization of prepublication and production costs.
[2]	Includes depreciation of property, plant and equipment and amortization of intangible assets.

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parentheticals) - USD ($) $ in Millions	9 Months Ended
	Feb. 29, 2012	Feb. 28, 2011
Cash received on acquisition	$ 0.1	$ 2.5

Basis of Presentation

9 Months Ended

Feb. 29, 2012

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1. Basis of Presentation

Principles of consolidation

The accompanying condensed consolidated financial statements include the accounts of Scholastic Corporation (the “Corporation”) and all wholly-owned and majority-owned subsidiaries (collectively, “Scholastic” or the “Company”). Intercompany transactions are eliminated in consolidation. These financial statements have not been audited but reflect those adjustments consisting of normal recurring items that management considers necessary for a fair presentation of financial position, results of operations and cash flows. These financial statements should be read in conjunction with the consolidated financial statements and related notes in the Annual Report on Form 10-K for the fiscal year ended May 31, 2011 (the “Annual Report”).

The Company’s fiscal year is not a calendar year. Accordingly, references in this document to fiscal 2011 relate to the twelve-month period ended May 31, 2011.

Change in Reportable Segments

During the quarter ended August 31, 2011, the Company determined that its reportable segment structure is now comprised of five reportable segments:


	•	Children’s Book Publishing and Distribution
	•	Educational Technology and Services
	•	Classroom and Supplemental Materials Publishing
	•	Media, Licensing and Advertising
	•	International

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, fiscal 2010 and the first quarter of fiscal 2012, 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 and is now classified as a discontinued operation in the Company’s financial statements. See Note 3, “Discontinued Operations,” for additional information concerning discontinued operations.

Seasonality

The Company’s school-based book clubs, school-based book fairs and most of its magazines operate on a school-year basis; therefore, the Company’s business is highly seasonal. As a result, the Company’s revenues in the first and third quarters of the fiscal year generally are lower than its revenues in the other two fiscal quarters. In the current fiscal quarter, revenues in the Children’s Book Publishing and Distribution segment were higher than normal due to improved sales in the trade channels. Typically, school-based book club and book fair revenues are greatest in the second and fourth quarters of the fiscal year, while revenues from the sale of instructional materials and educational technology products and services are highest in the first and fourth quarters. The Company typically experiences losses from operations in the first and third quarters of each fiscal year.

Use of estimates

The Company’s condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and with the instructions to Form 10-Q and Regulation S-X. The preparation of these financial statements involves the use of estimates and assumptions by management, which affects the amounts reported in the condensed 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. On an on-going basis, the Company evaluates the adequacy of its reserves and the estimates used in calculations, including; but not limited to:


	•	Accounts receivable, returns and allowances
	•	Pension and other post-retirement obligations
	•	Uncertain tax positions
	•	Inventory reserves
	•	Gross profits for book fair operations during interim periods
	•	Sales taxes
	•	Royalty advance reserves
	•	Customer reward programs
	•	Impairment testing for goodwill, intangibles and other long-lived assets

Restricted Cash

The condensed consolidated balance sheets include restricted cash of $1.6, $0.5 and $1.1 at February 29, 2012, May 31, 2011 and February 28, 2011, respectively, which is reported in “Other current assets.”

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.

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 expects to adopt the update for its annual impairment test in the fourth quarter of the current fiscal year.

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 2-6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Name Statement of Position (SOP)
-Publisher AICPA
-Number 94-6
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Name FASB Interpretation (FIN)
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-Number 46R
-Paragraph 4, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 235
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 8, C1, C7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Business Combination Disclosure [Text Block]

Acquisitions

9 Months Ended

Feb. 29, 2012

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 Company has not completed its purchase accounting for this transaction. 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 $4.5 in assumed liabilities. As a result of this transaction, the Company recorded $6.5 of goodwill. The Company has not completed its purchase accounting for this transaction and expects to recognize intangible assets, such as customer lists and trade names, acquired in the transaction. 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.

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 88-16
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51, 52
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Appendix F
-Paragraph F4
-Subparagraph e

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 67-73
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Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Discontinued Operations

9 Months Ended

Feb. 29, 2012

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.

The following table summarizes the operating results of the discontinued operations for the periods indicated:


	Three months ended						Nine months ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011

Revenues	$	0.0		$	9.3		$	0.1		$	17.7
Non-cash impairment		—			—			(0.9	)		(3.4	)
Earnings (loss) before income taxes		(0.6	)		(1.7	)		(4.0	)		(6.0	)
Income tax benefit (expense)		0.2			0.6			1.1			1.4

Earnings (loss) from discontinued operations, net of tax	$	(0.4	)	$	(1.1	)	$	(2.9	)	$	(4.6	)

The following table sets forth the assets and liabilities of the discontinued operations included in the condensed consolidated balance sheets of the Company as of the dates indicated:


	February 29, 2012			May 31, 2011			February 28, 2011

Accounts receivable, net		$	0.0		$	0.1		$	0.0
Inventories, net			0.0			1.2			1.3
Other assets			9.3			9.2			9.5


Current assets of discontinued operations		$	9.3		$	10.5		$	10.8


Accounts payable		$	0.0		$	0.2		$	0.4
Accrued expenses and other current liabilities			1.2			0.6			0.6


Current liabilities of discontinued operations		$	1.2		$	0.8		$	1.0

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43-48
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Segment Reporting Disclosure [Text Block]

Segment Information

9 Months Ended

Feb. 29, 2012

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.

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.
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.
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.
Media, Licensing and Advertising includes the production and/or distribution of media, consumer promotions and merchandising and advertising revenue, including sponsorship programs. This segment is comprised of two operating segments.
International includes the publication and distribution of products and services outside the United States by the Company’s international operations, and its export and foreign rights businesses. This segment is comprised of two operating segments.


	Children’s Book Publishing and Distribution⁽¹⁾			Educational Technology and Services⁽¹⁾⁽²⁾			Classroom and Supplemental Materials Publishing⁽¹⁾⁽³⁾			Media, Licensing and Advertising⁽¹⁾			Overhead⁽¹⁾⁽⁴⁾			Total Domestic			International⁽¹⁾ ⁽⁵⁾			Total

Three months ended February 29, 2012

Revenues	$	266.0		$	40.0		$	38.2		$	17.2		$	—		$	361.4		$	105.6		$	467.0
Bad debt expense		1.6			0.3			0.4			—			—			2.3			0.8			3.1
Depreciation and amortization⁽⁶⁾		4.4			0.2			0.3			—			9.1			14.0			2.0			16.0
Amortization⁽⁷⁾		2.8			5.3			1.8			1.5			—			11.4			0.6			12.0
Loss on leases and asset impairments		0.5			—			—			—			—			0.5			0.3			0.8
Segment operating income (loss)		11.8			(5.9	)		(3.4	)		(0.8	)		(17.9	)		(16.2	)		4.3			(11.9	)
Expenditures for long-lived assets including royalty advances		11.7			6.7			4.9			1.3			9.4			34.0			5.1			39.1


Three months ended February 28, 2011

Revenues	$	193.0		$	38.2		$	43.1		$	14.9		$	—		$	289.2		$	95.1		$	384.3
Bad debt expense		4.7			—			1.0			0.1			—			5.8			0.9			6.7
Depreciation and amortization⁽⁶⁾		4.1			0.4			0.2			—			8.3			13.0			1.5			14.5
Amortization⁽⁷⁾		3.2			3.9			1.3			1.8			—			10.2			0.6			10.8
Loss on leases and asset impairments		—			—			—			—			—			—			—			—
Segment operating income (loss)		(9.2	)		(4.2	)		1.5			(3.6	)		(13.1	)		(28.6	)		(1.4	)		(30.0	)
Expenditures for long-lived assets including royalty advances		8.6			6.8			2.4			1.6			5.7			25.1			1.6			26.7


	Children’s Book Publishing and Distribution⁽¹⁾		Educational Technology and Services⁽¹⁾⁽²⁾		Classroom and Supplemental Materials Publishing⁽¹⁾⁽³⁾		Media, Licensing and Advertising⁽¹⁾			Overhead⁽¹⁾⁽⁴⁾			Total Domestic		International⁽¹⁾ ⁽⁵⁾		Total

Nine months ended February 29, 2012

Revenues	$	731.9	$	202.0	$	142.6	$	56.4		$	—		$	1,132.9	$	337.4	$	1,470.3
Bad debt expense		3.2		1.0		1.3		—			—			5.5		2.3		7.8
Depreciation and amortization⁽⁶⁾		11.9		0.9		0.8		0.4			27.7			41.7		4.9		46.6
Amortization⁽⁷⁾		9.0		15.6		4.9		5.1			—			34.6		1.8		36.4
Loss on leases and asset impairments		0.5		—		—		—			6.2			6.7		0.3		7.0
Segment operating income (loss)		70.6		47.5		9.0		(3.2	)		(59.8	)		64.1		30.8		94.9
Segment assets (at 2/29/12)		597.1		156.6		153.3		38.2			397.4			1,342.6		294.3		1,636.9
Goodwill (at 2/29/12)		54.3		22.7		70.5		5.4			—			152.9		10.0		162.9
Expenditures for long-lived assets including royalty advances		32.8		18.0		9.3		5.3			22.0			87.4		9.0		96.4
Long-lived assets (at 2/29/12)		173.7		98.5		88.3		19.7			242.8			623.0		67.6		690.6


Nine months ended February 28, 2011

Revenues	$	653.2	$	169.4	$	132.1	$	65.0		$	—		$	1,019.7	$	322.9	$	1,342.6
Bad debt expense		9.0		0.5		0.5		0.2			—			10.2		2.4		12.6
Depreciation and amortization⁽⁶⁾		11.6		1.2		0.8		0.5			25.2			39.3		4.1		43.4
Amortization⁽⁷⁾		9.5		15.2		3.5		5.1			—			33.3		2.0		35.3
Loss on leases and asset impairments		—		—		—		—			—			—		—		—
Segment operating income (loss)		36.5		29.4		7.4		(0.6	)		(41.6	)		31.1		21.7		52.8
Segment assets (at 2/28/11)		483.6		147.3		150.5		40.4			433.5			1,255.3		288.1		1,543.4
Goodwill (at 2/28/11)		54.3		22.5		67.4		5.4			—			149.6		8.7		158.3
Expenditures for long-lived assets including royalty advances		29.5		26.8		4.9		5.8			42.6			109.6		8.7		118.3
Long-lived assets (at 2/28/11)		177.9		97.7		81.2		19.5			247.2			623.5		74.4		697.9


(1)	As discussed under “Discontinued Operations” in Note 1, “Basis of Presentation,” the Company closed or sold several operations during fiscal 2009, 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.

(2)	Includes assets and results of operations acquired in a business acquisition as of September 9, 2010.

(3)	Includes assets and results of operations acquired in a business acquisition as of February 8, 2012.

(4)	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.

(5)	Includes assets and results of operations acquired in a business acquisition as of January 3, 2012.

(6)	Includes depreciation of property, plant and equipment and amortization of intangible assets.

(7)	Includes amortization of prepublication and production costs.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Debt Disclosure [Text Block]

Debt

9 Months Ended

Feb. 29, 2012

5. Debt

The following table summarizes debt as of the dates indicated:



	Carrying Value			Fair Value			Carrying Value			Fair Value			Carrying Value			Fair Value

	February 29, 2012						May 31, 2011						February 28, 2011


Lines of Credit (weighted average interest rates of 4.7%, 6.7% and 4.0%, respectively)	$	12.6		$	12.6		$	0.7		$	0.7		$	6.7		$	6.7
Loan Agreement:
Revolving Loan		—			—			—			—			—			—
Term Loan (interest rates of n/a, 1.0% and 1.1%, respectively)		—			—			50.2			50.2			60.9			60.9
5% Notes due 2013, net of discount		152.7			158.5			152.5			156.6			152.5			155.3


Total debt	$	165.3		$	171.1		$	203.4		$	207.5		$	220.1		$	222.9


Less lines of credit, short-term debt and current portion of long-term debt		(12.6	)		(12.6	)		(43.5	)		(43.5	)		(49.5	)		(49.5	)


Total long-term debt	$	152.7		$	158.5		$	159.9		$	164.0		$	170.6		$	173.4

Short-term debt’s carrying value approximates fair value. Fair value of the Loan Agreement approximates its carrying value due to its variable interest rate and consistent credit rating. 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 Company’s debt obligations as of February 29, 2012, for the twelve-month periods ending February 28,


2013	$	12.6
2014		152.7

Total debt	$	165.3

Lines of Credit

As of February 29, 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 February 29, 2012, May 31, 2011 and February 28, 2011. 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 February 29, 2012, the Company had various local currency credit lines, with maximum available borrowings in amounts equivalent to $33.9, 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. Borrowings and weighted average interest rates for these lines of credit are presented in the table above.

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 effectively 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 Loan Agreement, as amended, is a contractually committed unsecured credit facility that is scheduled to expire on June 1, 2014. 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:


	•	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.

		- or -

	•	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.

As of February 29, 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 on February 29, 2012.

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 February 29, 2012, the facility fee rate was 0.25%.

As of February 29, 2012, standby letters of credit outstanding under the Loan Agreement totaled $1.4. 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 February 29, 2012, the Company was in compliance with these covenants.

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.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Commitments and Contingencies Disclosure [Text Block]

Commitments and Contingencies

9 Months Ended

Feb. 29, 2012

6. Commitments and 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, 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.

The entire disclosure for commitments and contingencies.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Comprehensive Income (Loss) Note [Text Block]

Comprehensive Income (Loss)

9 Months Ended

Feb. 29, 2012

7. Comprehensive Income (Loss)

The following table sets forth comprehensive income (loss) for the periods indicated:


	Three months ended						Nine months ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011



Net income (loss)	$	(10.3	)	$	(25.1	)	$	45.4		$	14.6

Other comprehensive income (loss), net:
Foreign currency translation adjustment		3.7			4.3			(2.2	)		12.5
Pension and post-retirement adjustments		0.9			0.7			3.7			5.3

Total other comprehensive income (loss), net:		4.6			5.0			1.5			17.8


Total comprehensive income (loss)	$	(5.7	)	$	(20.1	)	$	46.9		$	32.4

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14-26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
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-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e716-108580

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e689-108580

Earnings Per Share [Text Block]

Earnings (Loss) Per Share

9 Months Ended

Feb. 29, 2012

8. 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 three and nine-month periods ended February 29, 2012 and February 28, 2011, respectively:


	Three months ended						Nine months ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011


Earnings (loss) from continuing operations attributable to Class A and Common Shares	$	(9.9	)	$	(23.9	)	$	48.0		$	19.0

Earnings (loss) from discontinued operations attributable to Class A and Common Shares, net of tax		(0.4	)		(1.1	)		(2.9	)		(4.6	)

Net income (loss) attributable to Class A and Common Shares	$	(10.3	)	$	(25.0	)	$	45.1		$	14.4

Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions)		31.1			30.9			31.1			33.8

Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions)		*			*			0.5			0.5

Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions)		31.1			30.9			31.6			34.3

Earnings (loss) per share of Class A Stock and Common Stock:
Basic earnings (loss) per share:

Earnings (loss) from continuing operations	$	(0.32	)	$	(0.77	)	$	1.54		$	0.56
Earnings (loss) from discontinued operations, net of tax	$	(0.01	)	$	(0.04	)	$	(0.09	)	$	(0.13	)

Net income (loss)	$	(0.33	)	$	(0.81	)	$	1.45		$	0.43

Diluted earnings (loss) per share:

Earnings (loss) from continuing operations	$	(0.32	)	$	(0.77	)	$	1.52		$	0.55
Earnings (loss) from discontinued operations, net of tax	$	(0.01	)	$	(0.04	)	$	(0.09	)	$	(0.13	)

Net income (loss)	$	(0.33	)	$	(0.81	)	$	1.43		$	0.42

* In the three months ended February 29, 2012 and February 28, 2011, the Company experienced a loss from continuing operations and therefore did not report any dilutive share impact.

In periods of Net loss, dilutive earnings per share are not reported as the effect of the potentially dilutive shares becomes anti-dilutive.

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 (“RSUs”) granted to employees participate in earnings through cumulative non-forfeitable dividends payable to the employees upon vesting of the RSUs. Accordingly, the Company measures earnings per share based upon the two-class method.

Earnings from continuing operations exclude losses of less than $0.1 and earnings of $0.3 for the three and nine months ended February 29, 2012, and a loss of $0.1 and earnings of $0.2 for the three and nine months ended February 28, 2011, respectively, in respect of earnings attributable to participating RSUs.

Potentially dilutive shares outstanding pursuant to compensation plans that were not included in the diluted earnings per share calculation because they were anti-dilutive were 3.7 million and 5.4 million for the three months ended February 29, 2012 and February 28, 2011, respectively, and 4.3 million and 4.4 million for the nine months ended February 29, 2012 and February 28, 2011, respectively. Options outstanding pursuant to compensation plans were 5.5 million and 5.4 million as of February 29, 2012 and February 28, 2011, respectively.

As of February 29, 2012, $38.9 remains available for future purchases of common shares under the current repurchase authorization of the Board of Directors. See Note 14, “Treasury Stock,” for a more complete description of the Company’s share buy-back program.

Goodwill and Other Intangibles

9 Months Ended

Feb. 29, 2012

Goodwill and Intangible Assets Disclosure [Text Block]

9. Goodwill and Other Intangibles

Goodwill and other intangible assets with indefinite lives are reviewed annually for impairment or more frequently if impairment indicators arise.

The following table summarizes the activity in Goodwill for the periods indicated:


	Nine months ended February 29, 2012			Twelve months ended May 31, 2011			Nine months ended February 28, 2011

Gross beginning balance	$	175.0		$	174.0		$	174.0
Accumulated impairment		(20.8	)		(17.4	)		(17.4	)


Beginning balance	$	154.2		$	156.6		$	156.6
Additions		7.8			1.0			1.7
Impairment charge		—			(3.4	)		—
Foreign currency translation		0.0			0.0			0.0
Other		0.9			—			—

Gross ending balance	$	183.7		$	175.0		$	175.7
Accumulated impairment		(20.8	)		(20.8	)		(17.4	)

Ending balance	$	162.9		$	154.2		$	158.3

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 preliminarily 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 Company has not completed its purchase accounting for this transaction. 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 $4.5 in assumed liabilities as of February 29, 2012. As a result of this transaction, the Company recorded $6.5 of goodwill. The Company has not completed its purchase accounting for this transaction and expects to recognize intangible assets, such as customer lists and trade names, acquired in the transaction. 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 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 $8.0, net of cash. 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. In the second quarter of fiscal 2011, the Company also recognized $0.2 of goodwill associated with a previously acquired international entity.

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.

The following table summarizes the activity in Total other intangibles subject to amortization for the periods indicated:


	Nine months ended February 29, 2012			Twelve months ended May 31, 2011			Nine months ended February 28, 2011



Beginning balance - customer lists	$	0.7		$	0.8		$	0.8
Amortization expense		(0.2	)		(0.2	)		(0.2	)
Foreign currency translation		0.0			0.1			0.1

Customer lists, net of accumulated amortization of $1.3, $1.1 and $1.1, respectively	$	0.5		$	0.7		$	0.7


Beginning balance - other intangibles	$	17.3		$	2.2		$	2.2
Additions due to acquisition		—			5.6			5.6
Reclassified from indefinite-lived intangible assets		—			10.7			10.7
Impairment charge		(0.5	)		—			—
Amortization expense		(1.1	)		(1.2	)		(0.8	)

Other intangibles, net of accumulated amortization of $5.3, $4.2 and $3.8, respectively	$	15.7		$	17.3		$	17.7



Total other intangibles subject to amortization	$	16.2		$	18.0		$	18.4

Amortization expense for Total other intangibles was $1.3 for the nine months ended February 29, 2012, $1.4 for the twelve months ended May 31, 2011 and $1.0 for the nine months ended February 28, 2011. Intangible assets with definite lives consist principally of customer lists, covenants not to compete and publishing and trademark rights. Intangible assets with definite lives are amortized over their estimated useful lives. The weighted-average remaining useful lives of all amortizable intangible assets is 16 years.

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.

In the three-month period ended November 30, 2010, the Company determined that certain intangible assets associated with publishing and trademark rights, 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. The Company employed Level 3 fair value measurement techniques to determine the fair value of these assets as of September 1, 2010.

The following table summarizes Other intangibles not subject to amortization at the dates indicated:


	February 29, 2012		May 31, 2011		February 28, 2011

Net carrying value by major class:
Trademarks and Other	$	0.4	$	1.8	$	1.8

Total	$	0.4	$	1.8	$	1.8

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

Equity Method And Cost Method Investments [Text Block]

Investments

9 Months Ended

Feb. 29, 2012

10. Investments

Included in “Other assets and deferred charges” on the Company’s condensed consolidated balance sheets were investments of $21.0, $20.4 and $23.2 at February 29, 2012, May 31, 2011 and February 28, 2011, respectively.

The Company owns a non-controlling interest in a book distribution business located in the United Kingdom. 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 $5.7 as of February 29, 2012.

The Company maintains an investment in an entity that produces and distributes educational children’s television programming. The Company’s investment, which consists of a 14.0% equity interest, is accounted for using the equity method of accounting. The carrying value of this investment at February 29, 2012 was $1.3.

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 February 29, 2012 was $14.0.

Income from equity joint ventures totaled $1.9 for the nine months ended February 29, 2012 and $1.2 for the nine months ended February 28, 2011.

The following table summarizes the Company’s investments as of the dates indicated:


	February 29, 2012		May 31, 2011		February 28, 2011

Cost method investments:
UK - based	$	5.7	$	5.7	$	9.1

Total cost method investments	$	5.7	$	5.7	$	9.1

Equity method investments:
UK - based	$	14.0	$	13.4	$	13.4
U.S. - based		1.3		1.3		0.7

Total equity method investments	$	15.3	$	14.7	$	14.1

Total	$	21.0	$	20.4	$	23.2

Employee Benefit Plans

9 Months Ended

Feb. 29, 2012

Pension and Other Postretirement Benefits Disclosure [Text Block]

11. Employee Benefit Plans

The following table sets forth components of the net periodic benefit costs for the periods indicated under the Company’s cash balance retirement plan for its United States employees meeting certain eligibility requirements (the “U.S. Pension Plan”), the defined benefit pension plan of Scholastic Ltd., an indirect subsidiary of Scholastic Corporation located in the United Kingdom (the “UK Pension Plan”), and the defined benefit pension plan of Grolier Limited, an indirect subsidiary of Scholastic Corporation located in Canada (the “Canadian Pension Plan” and together with the U.S. Pension Plan and the UK Pension Plan, the “Pension Plans”). Also included are the post-retirement benefits, consisting of certain healthcare and life insurance benefits, provided by the Company to its eligible retired United States-based employees (the “Post-Retirement Benefits”). The Pension Plans and Post-Retirement Benefits include participants associated with both continuing operations and discontinued operations.


	Pension Plans Three months ended						Post-Retirement Benefits Three months ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011

Components of net periodic benefit costs:
Service cost	$	—		$	0.1		$	0.0		$	0.0
Interest cost		2.1			2.2			0.4			0.5
Expected return on assets		(2.7	)		(2.3	)		—			—
Net amortization of prior service credit		—			—			(0.2	)		(0.2	)
Amortization of loss		0.3			0.3			0.9			0.7
Settlement of Canadian plan		—			0.2			—			—

Net periodic benefit (credit) costs	$	(0.3	)	$	0.5		$	1.1		$	1.0


	Pension Plans Nine months ended						Post-Retirement Benefits Nine months ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011

Components of net periodic benefit costs:
Service cost	$	—		$	0.2		$	0.0		$	0.0
Interest cost		6.3			6.6			1.4			1.4
Expected return on assets		(8.1	)		(7.0	)		—			—
Net amortization of prior service credit		—			—			(0.5	)		(0.5	)
Amortization of loss		1.0			1.4			2.9			1.9
Settlement of Canadian plan		—			3.6			—			—

Net periodic benefit (credit) costs	$	(0.8	)	$	4.8		$	3.8		$	2.8

In the second quarter of fiscal 2011, the Company completed the settlement of its outstanding liabilities under the Canadian Pension Plan by purchasing non-participating annuities to service these liabilities prospectively.

The Company’s funding practice with respect to the Pension Plans is to contribute on an annual basis at least the minimum amounts required by applicable laws. For the nine months ended February 29, 2012, the Company contributed $1.7 to the U.S. Pension Plan and $1.3 to the UK Pension Plan.

The Company expects, based on actuarial calculations, to contribute cash of approximately $8.4 to the Pension Plans for the fiscal year ending May 31, 2012.

The entire disclosure for pension and other postretirement benefits.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 8
-Subparagraph m
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS106-2
-Paragraph 20, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Stock-Based Compensation

9 Months Ended

Feb. 29, 2012

12. Stock-Based Compensation

The following table summarizes stock-based compensation expense included in Selling, general and administrative expenses for the periods indicated:


	Three months ended				Nine months ended
	February 29, 2012		February 28, 2011		February 29, 2012		February 28, 2011

Stock option expense	$	1.2	$	1.7	$	6.0	$	7.1
Restricted stock unit expense		1.0		0.9		3.6		3.2
Management stock purchase plan		0.0		0.1		0.2		0.6
Employee stock purchase plan		0.0		0.0		0.2		0.2

Total stock-based compensation expense	$	2.2	$	2.7	$	10.0	$	11.1

During each of the three and nine-month periods ended February 29, 2012 and February 28, 2011, shares of Common Stock issued by the Corporation pursuant to its stock-based compensation plans were not material.

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Severance Disclosure [Text Block]

Severance and Exit Costs

9 Months Ended

Feb. 29, 2012

13. Severance and Exit Costs

The Company implemented certain new cost reduction initiatives, notably a voluntary retirement program, in the current fiscal year and incurred severance expense of $9.3 related to this program. The table below provides information regarding the severance cost reported in the Company’s condensed consolidated statements of operations, including the costs related to this program.

Accrued severance of $1.2, $1.9 and $1.5 as of February 29, 2012, May 31, 2011 and February 28, 2011, respectively, is included in “Other accrued expenses” on the Company’s condensed consolidated balance sheets.


	Nine months ended February 29, 2012				Twelve months ended May 31, 2011				Nine months ended February 28, 2011

Beginning balance		$	1.9			$	3.4			$	3.4
Accruals			12.2				6.7				4.3
Payments			(12.9	)			(8.2	)			(6.2	)

Ending balance		$	1.2			$	1.9			$	1.5

Additionally, consistent with the Company’s efforts to reduce costs and realign resources, during the current fiscal year, the Company entered into sublease arrangements for certain leased properties in lower Manhattan. These subleases enable the Company to reduce utilized space, effectively reducing net rental costs prospectively. The sublease arrangements provide for rents to be paid to the Company from unrelated subtenants for the remainder of the Company’s lease terms through 2018. The net rents to be received from the subtenants are less than the Company’s lease commitments for these properties over the remaining term of the leases. Accordingly, the Company recognized a loss on these subleases of $6.2 in the fiscal quarter ended November 30, 2011.

Treasury Stock

9 Months Ended

Feb. 29, 2012

Treasury Stock Disclosure [Text Block]

14. Treasury Stock

The Company has announced 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:


Authorization	Amount

December 2007	$	20.0
May 2008		20.0
November 2008		10.0
February 2009		5.0
December 2009		20.0
September 2010		44.0	(a)

Subtotal	$	119.0

Less repurchases made from December 2007 through February 2012		(80.1	)


Remaining Board authorization at February 29, 2012	$	38.9

(a) Represents the remainder of $200.0 authorization after giving effect to the purchase of 5,199,699 shares at $30.00 per share pursuant to 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. The Common shares purchased pursuant to the tender offer represented approximately 15.1% of the Common shares outstanding as of October 27, 2010. Fees for the modified Dutch auction tender offer were $1.2.

The repurchase program may be suspended at any time without prior notice.

Fair Value Measurements

9 Months Ended

Feb. 29, 2012

Fair Value Disclosures [Text Block]

15. Fair Value Measurements

The accounting standard regarding fair value measurements requires that the Company determine the appropriate level in the fair value hierarchy for each fair value measurement. 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:


•	Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date.

•	Level 2 Observable inputs other than unadjusted quoted prices in active markets for identical assets or liabilities such as

		o	Quoted prices for similar assets or liabilities in active markets
		o	Quoted prices for identical or similar assets or liabilities in inactive markets
		o	Inputs other than quoted prices that are observable for the asset or liability
		o	Inputs that are derived principally from or corroborated by observable market data by correlation or other means

•	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.

The Company’s financial assets and liabilities measured at fair value consisted of cash and cash equivalents, debt and foreign currency forward contracts, which were not material as of the reporting date. 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. See Note 5, “Debt,” for a more complete description of fair value measurements employed. 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. See Note 17, “Derivatives and Hedging,” for a more complete description of fair value measurements employed.

Non-financial assets and liabilities for which the Company employs fair value measures on a non-recurring basis include:


	•	long-lived assets

	•	assets acquired in a business combination

	•	goodwill and indefinite-lived intangible assets

	•	long-lived assets held for sale

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Paragraph 5
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Income Tax And Non Income Tax Disclosure [Text Block]

Income Taxes and Other Taxes

9 Months Ended

Feb. 29, 2012

16. Income Taxes and Other Taxes

Income Taxes

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 and applies that rate to its year-to-date earnings or losses. The Company’s effective tax rate is based on expected income and statutory tax rates and takes into consideration permanent differences between financial statement and tax return income applicable to the Company in the various jurisdictions in which the Company operates. The effect of discrete items, such as changes in estimates, changes in enacted tax laws or rates or tax status, and unusual or infrequently occurring events, is recognized in the interim period in which the discrete item occurs. The accounting estimates used to compute the provision for income taxes may change as new events occur, additional information is obtained or as the result of new judicial interpretations or regulatory or tax law changes.

The Company’s annual effective tax rate for the fiscal year ending May 31, 2012 is currently expected to be approximately 42%. The Company’s expected full year effective tax rate exceeds statutory rates primarily as a result of net operating losses in foreign jurisdictions, mainly in the United Kingdom, where the Company does not expect to realize future tax benefits. As a result, valuation allowances are provided for the net operating loss carry forwards in these jurisdictions.

The Corporation, including its domestic subsidiaries, files a consolidated U.S. income tax return, and also files tax returns in various states and other local jurisdictions. Also, certain subsidiaries of the Corporation file income tax returns in foreign jurisdictions. The Company is routinely audited by various tax authorities. 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 currently under audit by New York State for its fiscal years ended May 31, 2002, 2003 and 2004 and New York City for its fiscal years ended May 31, 2005, 2006 and 2007.

The Company recognizes tax benefits of uncertain tax positions in accordance with the current accounting guidance pertaining to uncertainty in income taxes. The Company believes that it is reasonably possible that its existing unrecognized benefits may be reduced by approximately $1.8 million within the next twelve months. This is expected to reduce the income tax provision.

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 appropriate, the Company has made accruals for these matters which are reflected in the Company’s condensed consolidated financial statements. In the three-month period ended February 29, 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 condensed consolidated financial statements in Selling, general and administrative expenses. Future developments relating to the foregoing could result in adjustments being made to these accruals.

Derivatives and Hedging

9 Months Ended

Feb. 29, 2012

Derivative Instruments and Hedging Activities Disclosure [Text Block]

17. 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 losses of $0.4 and $1.0 were recognized at February 29, 2012 and February 28, 2011, respectively.

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Subsequent Events [Text Block]

Subsequent Events

9 Months Ended

Feb. 29, 2012

18. Subsequent Events

On March 14, 2012, the Company announced that the Board of Directors declared a cash dividend of $0.125 per Class A and Common share in respect of the third quarter of fiscal 2012. The dividend is payable on June 15, 2012 to shareholders of record on April 30, 2012.

On March 19, 2012, prior to the issuance of its financial statements for the three months ended February 29, 2012, the Company received notice of an adverse decision from the Supreme Court of Connecticut reversing an earlier trial court decision and finding that Scholastic Book Clubs, Inc., a subsidiary of the Company, was liable for sales taxes relating to the operation of its school book clubs in Connecticut. Based on the decision, the Company increased its accrual in respect of state sales taxes in the condensed consolidated financial statements as of February 29, 2012 by $11.6 as further described under “Non-Income Taxes” in Note 16, “Income Taxes and Other Taxes.” The Company does not agree with the decision and is currently considering whether it will seek to appeal the decision to the Supreme Court of the United States.

Discontinued Operations (Tables)

9 Months Ended

Feb. 29, 2012

Schedule Of Discontinued Operation Gain Loss On Disposal Of Discontinued Operation [Table Text Block]


	Three months ended						Nine months ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011

Revenues	$	0.0		$	9.3		$	0.1		$	17.7
Non-cash impairment		—			—			(0.9	)		(3.4	)
Earnings (loss) before income taxes		(0.6	)		(1.7	)		(4.0	)		(6.0	)
Income tax benefit (expense)		0.2			0.6			1.1			1.4

Earnings (loss) from discontinued operations, net of tax	$	(0.4	)	$	(1.1	)	$	(2.9	)	$	(4.6	)

Schedule Of Disposal Groups Including Discontinued Operations Balance Sheet [Table Text Block]


	February 29, 2012			May 31, 2011			February 28, 2011

Accounts receivable, net		$	0.0		$	0.1		$	0.0
Inventories, net			0.0			1.2			1.3
Other assets			9.3			9.2			9.5


Current assets of discontinued operations		$	9.3		$	10.5		$	10.8


Accounts payable		$	0.0		$	0.2		$	0.4
Accrued expenses and other current liabilities			1.2			0.6			0.6


Current liabilities of discontinued operations		$	1.2		$	0.8		$	1.0

Segment Information (Tables)

9 Months Ended

Feb. 29, 2012

Schedule of Segment Reporting Information, by Segment [Table Text Block]


	Children’s Book Publishing and Distribution⁽¹⁾			Educational Technology and Services⁽¹⁾⁽²⁾			Classroom and Supplemental Materials Publishing⁽¹⁾⁽³⁾			Media, Licensing and Advertising⁽¹⁾			Overhead⁽¹⁾⁽⁴⁾			Total Domestic			International⁽¹⁾ ⁽⁵⁾			Total

Three months ended February 29, 2012

Revenues	$	266.0		$	40.0		$	38.2		$	17.2		$	—		$	361.4		$	105.6		$	467.0
Bad debt expense		1.6			0.3			0.4			—			—			2.3			0.8			3.1
Depreciation and amortization⁽⁶⁾		4.4			0.2			0.3			—			9.1			14.0			2.0			16.0
Amortization⁽⁷⁾		2.8			5.3			1.8			1.5			—			11.4			0.6			12.0
Loss on leases and asset impairments		0.5			—			—			—			—			0.5			0.3			0.8
Segment operating income (loss)		11.8			(5.9	)		(3.4	)		(0.8	)		(17.9	)		(16.2	)		4.3			(11.9	)
Expenditures for long-lived assets including royalty advances		11.7			6.7			4.9			1.3			9.4			34.0			5.1			39.1


Three months ended February 28, 2011

Revenues	$	193.0		$	38.2		$	43.1		$	14.9		$	—		$	289.2		$	95.1		$	384.3
Bad debt expense		4.7			—			1.0			0.1			—			5.8			0.9			6.7
Depreciation and amortization⁽⁶⁾		4.1			0.4			0.2			—			8.3			13.0			1.5			14.5
Amortization⁽⁷⁾		3.2			3.9			1.3			1.8			—			10.2			0.6			10.8
Loss on leases and asset impairments		—			—			—			—			—			—			—			—
Segment operating income (loss)		(9.2	)		(4.2	)		1.5			(3.6	)		(13.1	)		(28.6	)		(1.4	)		(30.0	)
Expenditures for long-lived assets including royalty advances		8.6			6.8			2.4			1.6			5.7			25.1			1.6			26.7


	Children’s Book Publishing and Distribution⁽¹⁾		Educational Technology and Services⁽¹⁾⁽²⁾		Classroom and Supplemental Materials Publishing⁽¹⁾⁽³⁾		Media, Licensing and Advertising⁽¹⁾			Overhead⁽¹⁾⁽⁴⁾			Total Domestic		International⁽¹⁾ ⁽⁵⁾		Total

Nine months ended February 29, 2012

Revenues	$	731.9	$	202.0	$	142.6	$	56.4		$	—		$	1,132.9	$	337.4	$	1,470.3
Bad debt expense		3.2		1.0		1.3		—			—			5.5		2.3		7.8
Depreciation and amortization⁽⁶⁾		11.9		0.9		0.8		0.4			27.7			41.7		4.9		46.6
Amortization⁽⁷⁾		9.0		15.6		4.9		5.1			—			34.6		1.8		36.4
Loss on leases and asset impairments		0.5		—		—		—			6.2			6.7		0.3		7.0
Segment operating income (loss)		70.6		47.5		9.0		(3.2	)		(59.8	)		64.1		30.8		94.9
Segment assets (at 2/29/12)		597.1		156.6		153.3		38.2			397.4			1,342.6		294.3		1,636.9
Goodwill (at 2/29/12)		54.3		22.7		70.5		5.4			—			152.9		10.0		162.9
Expenditures for long-lived assets including royalty advances		32.8		18.0		9.3		5.3			22.0			87.4		9.0		96.4
Long-lived assets (at 2/29/12)		173.7		98.5		88.3		19.7			242.8			623.0		67.6		690.6


Nine months ended February 28, 2011

Revenues	$	653.2	$	169.4	$	132.1	$	65.0		$	—		$	1,019.7	$	322.9	$	1,342.6
Bad debt expense		9.0		0.5		0.5		0.2			—			10.2		2.4		12.6
Depreciation and amortization⁽⁶⁾		11.6		1.2		0.8		0.5			25.2			39.3		4.1		43.4
Amortization⁽⁷⁾		9.5		15.2		3.5		5.1			—			33.3		2.0		35.3
Loss on leases and asset impairments		—		—		—		—			—			—		—		—
Segment operating income (loss)		36.5		29.4		7.4		(0.6	)		(41.6	)		31.1		21.7		52.8
Segment assets (at 2/28/11)		483.6		147.3		150.5		40.4			433.5			1,255.3		288.1		1,543.4
Goodwill (at 2/28/11)		54.3		22.5		67.4		5.4			—			149.6		8.7		158.3
Expenditures for long-lived assets including royalty advances		29.5		26.8		4.9		5.8			42.6			109.6		8.7		118.3
Long-lived assets (at 2/28/11)		177.9		97.7		81.2		19.5			247.2			623.5		74.4		697.9

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

Schedule of Debt [Table Text Block]

Debt (Tables)

9 Months Ended

Feb. 29, 2012



	Carrying Value			Fair Value			Carrying Value			Fair Value			Carrying Value			Fair Value

	February 29, 2012						May 31, 2011						February 28, 2011


Lines of Credit (weighted average interest rates of 4.7%, 6.7% and 4.0%, respectively)	$	12.6		$	12.6		$	0.7		$	0.7		$	6.7		$	6.7
Loan Agreement:
Revolving Loan		—			—			—			—			—			—
Term Loan (interest rates of n/a, 1.0% and 1.1%, respectively)		—			—			50.2			50.2			60.9			60.9
5% Notes due 2013, net of discount		152.7			158.5			152.5			156.6			152.5			155.3


Total debt	$	165.3		$	171.1		$	203.4		$	207.5		$	220.1		$	222.9


Less lines of credit, short-term debt and current portion of long-term debt		(12.6	)		(12.6	)		(43.5	)		(43.5	)		(49.5	)		(49.5	)


Total long-term debt	$	152.7		$	158.5		$	159.9		$	164.0		$	170.6		$	173.4

Schedule of Maturities Debt [Table Text Block]


2013	$	12.6
2014		152.7

Total debt	$	165.3

Comprehensive Income (Loss) (Tables)

9 Months Ended

Feb. 29, 2012

Schedule of Comprehensive Income (Loss) [Table Text Block]


	Three months ended						Nine months ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011



Net income (loss)	$	(10.3	)	$	(25.1	)	$	45.4		$	14.6

Other comprehensive income (loss), net:
Foreign currency translation adjustment		3.7			4.3			(2.2	)		12.5
Pension and post-retirement adjustments		0.9			0.7			3.7			5.3

Total other comprehensive income (loss), net:		4.6			5.0			1.5			17.8


Total comprehensive income (loss)	$	(5.7	)	$	(20.1	)	$	46.9		$	32.4

Earnings (Loss) Per Share (Tables)

9 Months Ended

Feb. 29, 2012

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]


	Three months ended						Nine months ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011


Earnings (loss) from continuing operations attributable to Class A and Common Shares	$	(9.9	)	$	(23.9	)	$	48.0		$	19.0

Earnings (loss) from discontinued operations attributable to Class A and Common Shares, net of tax		(0.4	)		(1.1	)		(2.9	)		(4.6	)

Net income (loss) attributable to Class A and Common Shares	$	(10.3	)	$	(25.0	)	$	45.1		$	14.4

Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions)		31.1			30.9			31.1			33.8

Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions)		*			*			0.5			0.5

Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions)		31.1			30.9			31.6			34.3

Earnings (loss) per share of Class A Stock and Common Stock:
Basic earnings (loss) per share:

Earnings (loss) from continuing operations	$	(0.32	)	$	(0.77	)	$	1.54		$	0.56
Earnings (loss) from discontinued operations, net of tax	$	(0.01	)	$	(0.04	)	$	(0.09	)	$	(0.13	)

Net income (loss)	$	(0.33	)	$	(0.81	)	$	1.45		$	0.43

Diluted earnings (loss) per share:

Earnings (loss) from continuing operations	$	(0.32	)	$	(0.77	)	$	1.52		$	0.55
Earnings (loss) from discontinued operations, net of tax	$	(0.01	)	$	(0.04	)	$	(0.09	)	$	(0.13	)

Net income (loss)	$	(0.33	)	$	(0.81	)	$	1.43		$	0.42

Goodwill and Other Intangibles (Tables)

9 Months Ended

Feb. 29, 2012

Schedule of Goodwill [Table Text Block]


	Nine months ended February 29, 2012			Twelve months ended May 31, 2011			Nine months ended February 28, 2011

Gross beginning balance	$	175.0		$	174.0		$	174.0
Accumulated impairment		(20.8	)		(17.4	)		(17.4	)


Beginning balance	$	154.2		$	156.6		$	156.6
Additions		7.8			1.0			1.7
Impairment charge		—			(3.4	)		—
Foreign currency translation		0.0			0.0			0.0
Other		0.9			—			—

Gross ending balance	$	183.7		$	175.0		$	175.7
Accumulated impairment		(20.8	)		(20.8	)		(17.4	)

Ending balance	$	162.9		$	154.2		$	158.3

Schedule of Finite-Lived Intangible Assets by Major Class [Table Text Block]


	Nine months ended February 29, 2012			Twelve months ended May 31, 2011			Nine months ended February 28, 2011



Beginning balance - customer lists	$	0.7		$	0.8		$	0.8
Amortization expense		(0.2	)		(0.2	)		(0.2	)
Foreign currency translation		0.0			0.1			0.1

Customer lists, net of accumulated amortization of $1.3, $1.1 and $1.1, respectively	$	0.5		$	0.7		$	0.7


Beginning balance - other intangibles	$	17.3		$	2.2		$	2.2
Additions due to acquisition		—			5.6			5.6
Reclassified from indefinite-lived intangible assets		—			10.7			10.7
Impairment charge		(0.5	)		—			—
Amortization expense		(1.1	)		(1.2	)		(0.8	)

Other intangibles, net of accumulated amortization of $5.3, $4.2 and $3.8, respectively	$	15.7		$	17.3		$	17.7



Total other intangibles subject to amortization	$	16.2		$	18.0		$	18.4

Schedule of Indefinite-lived Intangible Assets by Segment [Table Text Block]


	February 29, 2012		May 31, 2011		February 28, 2011

Net carrying value by major class:
Trademarks and Other	$	0.4	$	1.8	$	1.8

Total	$	0.4	$	1.8	$	1.8

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

Schedule of cost and equity method investments [Table Text Block]

Investments (Tables)

9 Months Ended

Feb. 29, 2012


	February 29, 2012		May 31, 2011		February 28, 2011

Cost method investments:
UK - based	$	5.7	$	5.7	$	9.1

Total cost method investments	$	5.7	$	5.7	$	9.1

Equity method investments:
UK - based	$	14.0	$	13.4	$	13.4
U.S. - based		1.3		1.3		0.7

Total equity method investments	$	15.3	$	14.7	$	14.1

Total	$	21.0	$	20.4	$	23.2

Employee Benefit Plans (Tables)

9 Months Ended

Feb. 29, 2012

Schedule of Net Benefit Costs [Table Text Block]


	Pension Plans Three months ended						Post-Retirement Benefits Three months ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011

Components of net periodic benefit costs:
Service cost	$	—		$	0.1		$	0.0		$	0.0
Interest cost		2.1			2.2			0.4			0.5
Expected return on assets		(2.7	)		(2.3	)		—			—
Net amortization of prior service credit		—			—			(0.2	)		(0.2	)
Amortization of loss		0.3			0.3			0.9			0.7
Settlement of Canadian plan		—			0.2			—			—

Net periodic benefit (credit) costs	$	(0.3	)	$	0.5		$	1.1		$	1.0


	Pension Plans Nine months ended						Post-Retirement Benefits Nine months ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011

Components of net periodic benefit costs:
Service cost	$	—		$	0.2		$	0.0		$	0.0
Interest cost		6.3			6.6			1.4			1.4
Expected return on assets		(8.1	)		(7.0	)		—			—
Net amortization of prior service credit		—			—			(0.5	)		(0.5	)
Amortization of loss		1.0			1.4			2.9			1.9
Settlement of Canadian plan		—			3.6			—			—

Net periodic benefit (credit) costs	$	(0.8	)	$	4.8		$	3.8		$	2.8

Stock-Based Compensation (Tables)

9 Months Ended

Feb. 29, 2012

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]


	Three months ended				Nine months ended
	February 29, 2012		February 28, 2011		February 29, 2012		February 28, 2011

Stock option expense	$	1.2	$	1.7	$	6.0	$	7.1
Restricted stock unit expense		1.0		0.9		3.6		3.2
Management stock purchase plan		0.0		0.1		0.2		0.6
Employee stock purchase plan		0.0		0.0		0.2		0.2

Total stock-based compensation expense	$	2.2	$	2.7	$	10.0	$	11.1

Severance and Exit Costs (Tables)

9 Months Ended

Feb. 29, 2012

Schedule of accrued severance cost


	Nine months ended February 29, 2012				Twelve months ended May 31, 2011				Nine months ended February 28, 2011

Beginning balance		$	1.9			$	3.4			$	3.4
Accruals			12.2				6.7				4.3
Payments			(12.9	)			(8.2	)			(6.2	)

Ending balance		$	1.2			$	1.9			$	1.5

Treasury Stock (Tables)

9 Months Ended

Feb. 29, 2012

Authorizations Made By Board Of Directors To Repurchase Common Stock [Table Text Block]


Authorization	Amount

December 2007	$	20.0
May 2008		20.0
November 2008		10.0
February 2009		5.0
December 2009		20.0
September 2010		44.0	(a)

Subtotal	$	119.0

Less repurchases made from December 2007 through February 2012		(80.1	)


Remaining Board authorization at February 29, 2012	$	38.9

Basis of Presentation (Detail) - USD ($) $ in Millions	Feb. 29, 2012	May 31, 2011	Feb. 28, 2011
Restricted Cash and Cash Equivalents, Current	$ 1.6	$ 0.5	$ 1.1

Acquisitions (Detail) - USD ($) $ in Millions	9 Months Ended
Acquisitions (Detail) - USD ($) $ in Millions	Feb. 29, 2012	Feb. 28, 2011
Learners Publishing [Member]
Payments to Acquire Businesses, Net of Cash Acquired	$ 2.8
Business Acquisition, Purchase Price Allocation, Goodwill Amount	1.3
Payments to Acquire Businesses, Net of Cash Acquired	5.3	$ 9.2
Weekly Reader [Member]
Payments to Acquire Businesses, Net of Cash Acquired	2.0
Business Acquisition, Purchase Price Allocation, Goodwill Amount	6.5
Business Acquisition, Purchase Price Allocation, Liabilities Assumed	$ 4.5

Discontinued Operations (Detail) - Schedule of operating results of the discontinued operations - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2012	Feb. 28, 2011	Feb. 29, 2012	Feb. 28, 2011
Revenues	$ 0.0	$ 9.3	$ 0.1	$ 17.7
Non-cash impairment			(0.9)	(3.4)
Earnings (loss) before income taxes	(0.6)	(1.7)	(4.0)	(6.0)
Income tax benefit (expense)	0.2	0.6	1.1	1.4
Earnings (loss) from discontinued operations, net of tax	$ (0.4)	$ (1.1)	$ (2.9)	$ (4.6)

Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 47
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 46
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32672-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b),(c)
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6909487&loc=d3e38679-109324

This element represents the overall income (loss) from a disposal group apportioned to the parent that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

Children's Book Publishing and Distribution [Member]

Discontinued Operations (Detail) - Schedule of assets and liabilities of the discontinued operations - USD ($) $ in Millions	Feb. 29, 2012	May 31, 2011	Feb. 28, 2011
Accounts receivable, net	$ 0.0	$ 0.1	$ 0.0
Inventories, net	0.0	1.2	1.3
Other assets	9.3	9.2	9.5
Current assets of discontinued operations	9.3	10.5	10.8
Accounts payable	0.0	0.2	0.4
Accrued expenses and other current liabilities	1.2	0.6	0.6
Current liabilities of discontinued operations	$ 1.2	$ 0.8	$ 1.0

Segment Information (Detail) - Schedule of segment reporting information - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Feb. 29, 2012

Feb. 28, 2011

Feb. 29, 2012

Feb. 28, 2011

May 31, 2011

May 31, 2010

^[1]

$ 266.0

$ 193.0

$ 731.9

$ 653.2

^[1]

1.6

4.7

3.2

9.0

^[1],[2]

4.4

4.1

11.9

11.6

^[1],[3]

2.8

3.2

9.0

9.5

^[1]

0.5

^[1]

11.8

(9.2)

70.6

36.5

^[1]

597.1

483.6

597.1

483.6

Expenditures for long-lived assets including royalty advances

^[1]

54.3

^[1]

11.7

8.6

32.8

29.5

Educational Technology and Services [Member]

^[1]

173.7

177.9

173.7

177.9

^[1],[4]

40.0

38.2

202.0

169.4

^[1],[4]

0.3

1.0

0.5

^[1],[2]

0.2

0.4

^[4]

0.9

^[4]

1.2

^[4]

^[1],[3],[4]

5.3

3.9

15.6

15.2

^[1],[4]

^[1],[4]

(5.9)

(4.2)

47.5

29.4

^[1],[4]

156.6

147.3

156.6

147.3

Expenditures for long-lived assets including royalty advances

^[1],[4]

22.7

22.5

22.7

22.5

^[1],[4]

6.7

6.8

18.0

26.8

Classroom And Supplemental Materials Publishing [Member]

^[1],[4]

98.5

97.7

98.5

97.7

^[1],[5]

38.2

43.1

142.6

132.1

^[1],[5]

0.4

1.0

1.3

0.5

^[1],[2],[5]

0.3

0.2

0.8

^[1],[3],[5]

1.8

1.3

4.9

3.5

^[1],[5]

^[1],[5]

(3.4)

1.5

9.0

7.4

^[1],[5]

153.3

150.5

153.3

150.5

Expenditures for long-lived assets including royalty advances

^[1],[5]

70.5

67.4

70.5

67.4

^[1],[5]

4.9

2.4

9.3

4.9

Media, Licensing and Advertising [Member]

^[1],[5]

88.3

81.2

88.3

81.2

^[1]

17.2

14.9

56.4

65.0

^[1]

0.1

0.2

^[1],[2]

0.4

0.5

^[1],[3]

1.5

1.8

5.1

^[1]

^[1]

(0.8)

(3.6)

(3.2)

(0.6)

^[1]

38.2

40.4

38.2

40.4

Expenditures for long-lived assets including royalty advances

^[1]

5.4

^[1]

1.3

1.6

5.3

5.8

^[1]

19.7

19.5

19.7

19.5

Overhead [Member]

^[1],[6]

^[1],[6]

^[1],[2],[6]

9.1

8.3

27.7

25.2

^[1],[3],[6]

^[1],[6]

6.2

^[1],[6]

(17.9)

(13.1)

(59.8)

(41.6)

^[1],[6]

397.4

433.5

397.4

433.5

Expenditures for long-lived assets including royalty advances

^[1],[6]

^[1],[6]

9.4

5.7

22.0

42.6

^[1],[6]

242.8

247.2

242.8

247.2

Total Domestic [Member]

361.4

289.2

1,132.9

1,019.7

2.3

5.8

5.5

10.2

^[2]

14.0

13.0

41.7

39.3

^[3]

11.4

10.2

34.6

33.3

0.5

6.7

(16.2)

(28.6)

64.1

31.1

1,342.6

1,255.3

1,342.6

1,255.3

Expenditures for long-lived assets including royalty advances

152.9

149.6

152.9

149.6

34.0

25.1

87.4

109.6

International Segment [Member]

623.0

623.5

623.0

623.5

^[1],[7]

105.6

95.1

337.4

322.9

^[1],[7]

0.8

0.9

2.3

2.4

^[1],[2],[7]

2.0

1.5

4.9

4.1

^[1],[3],[7]

0.6

1.8

2.0

^[1],[7]

0.3

^[1],[7]

4.3

(1.4)

30.8

21.7

^[1],[7]

294.3

288.1

294.3

288.1

Expenditures for long-lived assets including royalty advances

^[1],[7]

10.0

8.7

10.0

8.7

^[1],[7]

5.1

1.6

9.0

8.7

^[1],[7]

67.6

74.4

67.6

74.4

467.0

384.3

1,470.3

1,342.6

3.1

6.7

7.8

12.6

^[2]

16.0

14.5

46.6

43.4

^[3]

12.0

10.8

36.4

35.3

0.8

7.0

(11.9)

(30.0)

94.9

52.8

1,636.9

1,543.4

1,636.9

1,543.4

Expenditures for long-lived assets including royalty advances

162.9

158.3

162.9

158.3

$ 154.2

$ 156.6

39.1

26.7

96.4

118.3

$ 690.6

$ 697.9

$ 690.6

$ 697.9

[1]	As discussed under "Discontinued Operations" in Note 1, "Basis of Presentation," the Company closed or sold several operations during fiscal 2009, 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.
[2]	Includes depreciation of property, plant and equipment and amortization of intangible assets.
[3]	Includes amortization of prepublication and production costs.
[4]	Includes assets and results of operations acquired in a business acquisition as of September 9, 2010.
[5]	Includes assets and results of operations acquired in a business acquisition as of February 8, 2012.
[6]	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.
[7]	Includes assets and results of operations acquired in a business acquisition as of January 3, 2012.

Debt (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
Debt (Detail) - USD ($) $ in Millions	Feb. 29, 2012	May 31, 2008	May 31, 2003
Term Loan [Member]
Credit Facility Sanctioned		$ 200.0
Revolving Loan [Member]
Additional Credit Facility Sanctioned		150.0
Federal Funds Rate [Member]
Line of Credit Facility, Interest Rate During Period	0.50%
Line of Credit [Member]
Credit Facility Sanctioned During Period		325.0
Unsecured Debt [Member]
Line of Credit, Current	$ 20.0
Standby Letters of Credit [Member]
Line of Credit Facility, Amount Outstanding	$ 1.4
Credit Facility Sanctioned During Period		$ 525.0
Line Of Credit Facility Interest Rate Advances	0.25%
Line of Credit Facility, Commitment Fee Percentage Range Minimum	0.20%
Line of Credit Facility Fee Percentage Range Maximum	0.40%
Line of Credit Facility, Commitment Fee Percentage	0.25%
Notes Payable, Noncurrent, Value			$ 175.0
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Secured Debt [Member]
Line of Credit, Current	$ 33.9
Eurodollar Rate [Member]
Line of Credit Facility, Interest Rate Description	Eurodollar Rate for a one month interest period plus 1% plus an applicable spread ranging from 0.18% to 0.60%
Line Of Credit Facility Interest Rate Advances	1.25%
LIBOR Rate [Member]
Line of Credit Facility, Interest Rate Description	London interbank offered rate (LIBOR) plus an applicable spread ranging from 1.18% to 1.60%
Notes Payable, Other Payables [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%

Debt (Detail) - Schedule of debt - USD ($) $ in Millions	Feb. 29, 2012	May 31, 2011	Feb. 28, 2011
Term Loan [Member]
Debt, Long-term and Short-term, Combined Amount, Carrying Value		$ 50.2	$ 60.9
Debt, Long-term and Short-term, Combined Amount, Fair Value		50.2	60.9
Notes Due 2013 [Member]
Debt, Long-term and Short-term, Combined Amount, Carrying Value	$ 152.7	152.5	152.5
Debt, Long-term and Short-term, Combined Amount, Fair Value	158.5	156.6	155.3
Line of Credit [Member]
Debt, Long-term and Short-term, Combined Amount, Carrying Value	12.6	0.7	6.7
Debt, Long-term and Short-term, Combined Amount, Fair Value	12.6	0.7	6.7
Debt, Long-term and Short-term, Combined Amount, Carrying Value	165.3	203.4	220.1
Debt, Long-term and Short-term, Combined Amount, Fair Value	171.1	207.5	222.9
Less lines of credit, short-term debt and current portion of long-term debt	(12.6)	(43.5)	(49.5)
Less lines of credit, short-term debt and current portion of long-term debt	(12.6)	(43.5)	(49.5)
Total long-term debt	152.7	159.9	170.6
Total long-term debt	$ 158.5	$ 164.0	$ 173.4

Debt (Detail) - Schedule of maturities of debt - USD ($) $ in Millions	Feb. 29, 2012	May 31, 2011	Feb. 28, 2011
2013	$ 12.6
2014	152.7
Total debt	$ 165.3	$ 203.4	$ 220.1

Comprehensive Income (Loss) (Detail) - Schedule of comprehensive income (loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2012	Feb. 28, 2011	Feb. 29, 2012	Feb. 28, 2011
Net income (loss)	$ (10.3)	$ (25.1)	$ 45.4	$ 14.6
Other comprehensive income (loss), net:
Foreign currency translation adjustment	3.7	4.3	(2.2)	12.5
Pension and post-retirement adjustments	0.9	0.7	3.7	5.3
Total other comprehensive income (loss), net:	4.6	5.0	1.5	17.8
Total comprehensive income (loss)	$ (5.7)	$ (20.1)	$ 46.9	$ 32.4

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 8, 9, 10, 11, 12, 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A5
-Appendix A

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e557-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e540-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6508144

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 19

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e565-108580

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity, net of tax.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 24
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 19, 26
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 52
-Paragraph 13, 20, 31
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-Subparagraph (b),(c)
-URI http://asc.fasb.org/extlink&oid=6915805&loc=d3e32211-110900

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6920433&loc=d3e998-108581

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

This element represents Other Comprehensive Income or Loss, Net of Tax, for the period attributable to the parent entity. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment.

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-Number 51
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-Name Accounting Research Bulletin (ARB)
-Number 51
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569643-111683

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569616-111683

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(3)
-URI http://asc.fasb.org/extlink&oid=6921930&loc=SL4573702-111684

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Earnings (Loss) Per Share (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2012	Feb. 28, 2011	Feb. 29, 2012	Feb. 28, 2011
Amount Of Losses Excluded In Earnings From Continuing Operations	less than $0.1
Undistributed Earnings Allocated to Participating Securities (in Dollars)		$ (0.1)	$ 0.3	$ 0.2
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3.7	5.4	4.3	4.4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	5.5	5.4	5.5	5.4
Stock Repurchase Program Remaining Authorized Amount (in Dollars)	$ 38.9		$ 38.9

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Earnings (loss) from continuing operations attributable to Class A and Common Shares (in Dollars)

Earnings (Loss) Per Share (Detail) - Schedule of Calculation of Numerator and Denominator in Earnings Per Share - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

9 Months Ended

Feb. 29, 2012

Feb. 28, 2011

Feb. 29, 2012

Feb. 28, 2011

$ (9.9)

$ (23.9)

$ 48.0

$ 19.0

Earnings (loss) from discontinued operations attributable to Class A and Common Shares, net of tax (in Dollars)

(0.4)

(1.1)

(2.9)

(4.6)

Net income (loss) attributable to Class A and Common Shares (in Dollars)

$ (10.3)

$ (25.0)

$ 45.1

$ 14.4

Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions) (in Shares)

31.1

30.9

31.1

33.8

Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions) (in Shares)

^[1]

0.5

Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions) (in Shares)

31.1

30.9

31.6

34.3

Basic earnings (loss) per share:

Earnings (loss) from discontinued operations, net of tax

$ (0.32)

$ (0.77)

$ 1.54

$ 0.56

(0.01)

(0.04)

(0.09)

(0.13)

(0.33)

(0.81)

1.45

0.43

Diluted earnings (loss) per share:

Earnings (loss) from discontinued operations, net of tax

(0.32)

(0.77)

1.52

0.55

(0.01)

(0.04)

(0.09)

(0.13)

$ (0.33)

$ (0.81)

$ 1.43

$ 0.42

[1]	In the three months ended February 29, 2012 and February 28, 2011, the Company experienced a loss from continuing operations and therefore did not report any dilutive share impact.

Goodwill and Other Intangibles (Detail) $ in Millions	9 Months Ended		12 Months Ended
Goodwill and Other Intangibles (Detail) $ in Millions	Feb. 29, 2012 USD ($)	Feb. 28, 2011 USD ($)	May 31, 2011 USD ($)	Nov. 30, 2010 USD ($)
Learners Publishing [Member]
Payments to Acquire Businesses, Net of Cash Acquired	$ 2.8
Business Acquisition, Purchase Price Allocation, Goodwill Amount	1.3
Payments to Acquire Businesses, Net of Cash Acquired	5.3	$ 9.2
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets			$ 5.6
Goodwill, Impairment Loss			3.4
Finite-Lived Intangible Assets, Amortization Expense	$ 1.3	$ 1.0	1.4
Finite-Lived Intangible Assets, Weighted-Average Useful Life	16
Weekly Reader [Member]
Payments to Acquire Businesses, Net of Cash Acquired	$ 2.0
Business Acquisition, Purchase Price Allocation, Goodwill Amount	6.5
Business Acquisition, Purchase Price Allocation, Liabilities Assumed	$ 4.5
Math Solutions Business [Member]
Payments to Acquire Businesses, Net of Cash Acquired			8.0
Business Acquisition, Purchase Price Allocation, Goodwill Amount			1.7
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets			$ 5.6
International Entity [Member]
Business Acquisition, Purchase Price Allocation, Goodwill Amount				$ 0.2

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Namespace Prefix:
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Period Type:

Goodwill and Other Intangibles (Detail) - Schedule of goodwill - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Feb. 29, 2012	Feb. 28, 2011	May 31, 2011
Gross beginning balance	$ 175.0	$ 174.0	$ 174.0
Accumulated impairment	(20.8)	(17.4)	(17.4)
Beginning balance	154.2	156.6	156.6
Additions	7.8	1.7	1.0
Impairment charge			(3.4)
Foreign currency translation	0.0	0.0	0.0
Other	0.9
Gross ending balance	183.7	175.7	175.0
Accumulated impairment	(20.8)	(17.4)	(20.8)
Ending balance	$ 162.9	$ 158.3	$ 154.2

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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Loss recognized during the period that results from the write-down of goodwill after comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. Goodwill is assessed at least annually for impairment.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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Goodwill and Other Intangibles (Detail) - Schedule of other intangible assets subject to amortization - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Feb. 29, 2012	Feb. 28, 2011	May 31, 2011
Customer Lists [Member]
Beginning balance	$ 0.7	$ 0.8	$ 0.8
Amortization expense	(0.2)	(0.2)	(0.2)
Foreign currency translation	0.0	0.1	0.1
Total other intangibles subject to amortization	0.5	0.7	0.7
Other Intangible Assets [Member]
Beginning balance	17.3	2.2	2.2
Additions due to acquisition		5.6	5.6
Reclassified from indefinite-lived intangible assets		10.7	10.7
Impairment charge	(0.5)
Amortization expense	(1.1)	(0.8)	(1.2)
Total other intangibles subject to amortization	15.7	17.7	17.3
Beginning balance	18.0
Amortization expense	1.3	1.0	1.4
Total other intangibles subject to amortization	$ 16.2	$ 18.4	$ 18.0

Goodwill and Other Intangibles (Detail) - Schedule of other intangible assets not subject to amortization - USD ($) $ in Millions	Feb. 29, 2012	May 31, 2011	Feb. 28, 2011
Trademarks and Other [Member]
Indefinite-Lived Intangible Assets	$ 0.4	$ 1.8	$ 1.8
Indefinite-Lived Intangible Assets	$ 0.4	$ 1.8	$ 1.8

Investments (Detail) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
Investments (Detail) - USD ($) $ in Millions	Feb. 29, 2012	Feb. 28, 2011	May 31, 2011
Childrens Television Programming Holdings [Member]
Equity Method Investment, Ownership Percentage	14.00%
Equity Method Investments	$ 1.3	$ 0.7	$ 1.3
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	21.0	23.2	20.4
Other than Temporary Impairment Losses, Investments			3.6
Cost Method Investments	5.7	9.1	5.7
Equity Method Investments	15.3	14.1	14.7
Income (Loss) from Equity Method Investments	$ 1.9	1.2
Usborne [Member]
Equity Method Investment, Ownership Percentage	26.20%
Equity Method Investments	$ 14.0	$ 13.4	$ 13.4

This item represents the aggregate carrying amount of all cost-method investments as reported on or included in the balance sheet. The original cost of the investments may differ from the aggregate carrying amount disclosed due to various adjustments such as: (i) dividends received in excess of earnings after the date of investment that are considered a return of investment and therefore recorded as reductions to cost of the investment, or (ii) a series of operating losses of an investee or other factors which may indicate that a decrease in value of the investment has occurred which is other than temporary and accordingly such decrease in value has been recognized.

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-Name Accounting Principles Board Opinion (APB)
-Number 18
-Paragraph 6
-Subparagraph a
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-Name Emerging Issues Task Force (EITF)
-Number 03-1
-Paragraph 22
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The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income.

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This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.

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-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 9

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Investments (Detail) - Schedule of cost and equity method investments - USD ($) $ in Millions	Feb. 29, 2012	May 31, 2011	Feb. 28, 2011
Usborne [Member]
Equity method investments:
Equity method investments	$ 14.0	$ 13.4	$ 13.4
Childrens Television Programming Holdings [Member]
Equity method investments:
Equity method investments	1.3	1.3	0.7
The Book People Ltd [Member]
Cost method investments	5.7	5.7	9.1
Cost method investments	5.7	5.7	9.1
Equity method investments:
Equity method investments	15.3	14.7	14.1
Total	$ 21.0	$ 20.4	$ 23.2

Employee Benefit Plans (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
Employee Benefit Plans (Detail) - USD ($) $ in Millions	Feb. 29, 2012	May 31, 2012
United States Pension Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan, Minimum Contribution Required	$ 1.7
Estimate Cash Contribute To Pension Plans		$ 8.4
U K Pension Plan [Member]
Defined Benefit Plan, Minimum Contribution Required	$ 1.3

Employee Benefit Plans (Detail) - Schedule Of Net Benefit Costs - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2012	Feb. 28, 2011	Feb. 29, 2012	Feb. 28, 2011
Pension Plans, Defined Benefit [Member]
Service cost		$ 0.1		$ 0.2
Interest cost	$ 2.1	2.2	$ 6.3	6.6
Expected return on assets	(2.7)	(2.3)	(8.1)	(7.0)
Amortization of loss	0.3	0.3	1.0	1.4
Settlement of Canadian plan		0.2		3.6
Net periodic benefit (credit) costs	(0.3)	0.5	(0.8)	4.8
Other Postretirement Benefit Plans, Defined Benefit [Member]
Service cost	0.0	0.0	0.0	0.0
Interest cost	0.4	0.5	1.4	1.4
Net amortization of prior service credit	(0.2)	(0.2)	(0.5)	(0.5)
Amortization of loss	0.9	0.7	2.9	1.9
Net periodic benefit (credit) costs	$ 1.1	$ 1.0	$ 3.8	$ 2.8

An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets.

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

The amount of net gain (loss) recognized in net periodic benefit cost as a result of an irrevocable action that relieves the employer (or the plan) of primary responsibility for a benefit obligation and eliminates significant risks related to the obligation and the assets used to effect the settlement. Examples of transactions that constitute a settlement include (a) making lump-sum cash payments to plan participants in exchange for their rights to receive specified benefits and (b) purchasing nonparticipating annuity contracts to cover vested benefits.

The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Number 106
-Paragraph 518
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-Glossary Service Cost (Component of Net Periodic Pension Cost)
-URI http://asc.fasb.org/extlink&oid=6525008