View Filing Data

Cost of goods sold (exclusive of depreciation and amortization)

$ 373.5

$ 378.6

$ 1,273.0

$ 1,285.5

Operating costs and expenses:

190.7

190.0

593.4

602.8

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

202.9

199.5

605.7

605.8

Depreciation and amortization

14.2

16.5

46.0

49.3

Total operating costs and expenses

0.0

13.4

^[1]

0.0

^[1]

407.8

406.0

1,258.5

1,257.9

Operating income (loss)

(34.3)

(27.4)

14.5

27.6

Interest expense, net

(1.9)

(4.1)

(5.9)

(11.5)

Gain (Loss) on Investments

(4.7)

0.0

(4.7)

0.0

Earnings (loss) from continuing operations before income taxes

(40.9)

(31.5)

3.9

16.1

Provision (benefit) for income taxes

(28.8)

(11.6)

(12.2)

5.1

Earnings (loss) from continuing operations

(12.1)

(19.9)

16.1

11.0

Earnings (loss) from discontinued operations, net of tax

0.0

(0.2)

0.2

(1.4)

Net income (loss)

$ (12.1)

$ (20.1)

$ 16.3

$ 9.6

Basic:

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

$ (0.38)

$ (0.62)

$ 0.50

$ 0.34

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

0.00

(0.01)

0.01

(0.04)

Net income (loss) (in Dollars per share)

(0.38)

(0.63)

0.51

0.30

Diluted:

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

(0.38)

(0.62)

0.50

0.34

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

0.00

(0.01)

0.00

(0.05)

Net income (loss) (in Dollars per share)

(0.38)

(0.63)

0.50

0.29

Dividends declared per class A and common share (in Dollars per share)

$ 0.15

$ 0.125

$ 0.425

$ 0.375

[1]	Includes an impairment of goodwill (see Note 7, “Goodwill and Other Intangibles”).

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 28, 2014	Feb. 28, 2013	Feb. 28, 2014	Feb. 28, 2013
Net income (loss)	$ (12.1)	$ (20.1)	$ 16.3	$ 9.6
Other comprehensive income (loss), net:
Foreign currency translation adjustments	(3.2)	(5.2)	(5.8)	1.9
Pension and post-retirement adjustments:
Amortization of prior service cost (credit)	(0.1)	(0.1)	(0.2)	(0.3)
Amortization of unrecognized gain (loss) included in net periodic cost	1.8	0.8	3.2	3.9
Total other comprehensive income (loss)	(1.5)	(4.5)	(2.8)	5.5
Comprehensive income (loss)	$ (13.6)	$ (24.6)	$ 13.5	$ 15.1

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 Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
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-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: 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 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Earnings (loss) from discontinued operations, net of tax

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Feb. 28, 2014	May 31, 2013	Feb. 28, 2013
Current Assets:
Cash and cash equivalents	$ 22.0	$ 87.4	$ 196.7
Accounts receivable, net	206.0	214.9	196.4
Inventories, net	335.6	278.1	352.5
Deferred income taxes	76.6	79.2	71.4
Prepaid expenses and other current assets	70.9	61.2	76.6
Current assets of discontinued operations	0.4	0.4	8.5
Total current assets	711.5	721.2	902.1
Property, plant and equipment, net	481.9	311.6	322.3
Prepublication costs	147.0	147.3	139.6
Royalty advances, net	39.7	37.0	36.8
Production costs	5.2	1.7	2.0
Goodwill	144.5	157.9	158.0
Other intangibles	12.8	14.6	15.0
Noncurrent deferred income taxes	5.4	14.9	42.5
Other assets and deferred charges	39.9	34.8	35.2
Total assets	1,587.9	1,441.0	1,653.5
Current Liabilities:
Lines of credit, short-term debt and current portion of long-term debt	4.7	2.0	1.8
Capital lease obligations	0.0	0.2	0.4
Accounts payable	159.8	156.2	157.9
Accrued royalties	53.9	34.4	66.3
Deferred revenue	83.0	48.1	81.4
Other accrued expenses	167.5	179.5	175.3
Current liabilities of discontinued operations	1.1	1.3	1.7
Total current liabilities	470.0	421.7	484.8
Noncurrent Liabilities:
Long-term debt	175.0	0.0	153.0
Capital lease obligations	0.0	57.5	57.2
Other noncurrent liabilities	66.9	97.4	112.7
Total noncurrent liabilities	241.9	154.9	322.9
Commitments and Contingencies	0.0	0.0	0.0
Stockholders’ Equity:
Preferred Stock, $1.00 par value	0.0	0.0	0.0
Common Stock, value	0.4	0.4	0.4
Additional paid-in capital	579.6	582.9	582.0
Accumulated other comprehensive income (loss)	(68.2)	(65.4)	(68.7)
Retained earnings	741.9	738.9	721.4
Treasury stock at cost	(377.7)	(392.4)	(389.3)
Total stockholders’ equity	876.0	864.4	845.8
Total liabilities and stockholders’ equity	1,587.9	1,441.0	1,653.5
Common Class A
Stockholders’ Equity:
Common Stock, value	$ 0.0	$ 0.0	$ 0.0

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Feb. 28, 2014	May 31, 2013	Feb. 28, 2013
Preferred stock par value per share (in Dollars per share)	$ 1	$ 1	$ 1
Common Stock, par value per share (in Dollars per share)	0.01	0.01	0.01
Common Class A
Common Stock, par value per share (in Dollars per share)	$ 0.01	$ 0.01	$ 0.01

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

9 Months Ended

Feb. 28, 2014

Feb. 28, 2013

Cash flows - operating activities:

Net income (loss)

$ 16.3

$ 9.6

0.2

(1.4)

Earnings (loss) from continuing operations

16.1

11.0

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

Provision for losses on accounts receivable

6.4

3.9

Provision for losses on inventory

16.7

Provision for losses on royalty advances

3.0

3.9

Amortization of prepublication and production costs

43.3

36.5

Depreciation and amortization

47.2

51.0

Deferred Income Taxes and Tax Credits

11.9

0.1

Non cash net (gain) loss on equity investments

^[1]

13.4

0.0

Stock-based compensation

7.8

5.2

(1.7)

(1.5)

Gain (Loss) on Investments

4.7

0.0

Changes in assets and liabilities:

Accounts receivable

0.0

118.4

Inventories

(77.7)

(71.7)

Other current assets

(7.0)

(27.5)

Deferred promotion costs

(2.8)

(2.1)

Royalty advances

(5.4)

(5.9)

Accounts payable

3.8

36.8

Other accrued expenses

(9.4)

(58.9)

Accrued royalties

19.4

(26.9)

Deferred revenue

35.1

34.2

Pension and post-retirement liability

(9.4)

(11.3)

Other noncurrent liability

(29.3)

(4.6)

Other, net

(0.9)

1.6

Total adjustments

69.1

97.9

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

85.2

108.9

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

0.1

(1.2)

Net cash provided by (used in) operating activities

85.3

107.7

Cash flows - investing activities:

Prepublication and production expenditures

(47.3)

(51.3)

Additions to property, plant and equipment

(19.4)

(42.1)

Payments to Acquire Buildings

(253.9)

0.0

Acquisition related payments

(1.0)

(0.1)

Proceeds from the sale of asset

1.3

0.0

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

(320.3)

(93.5)

Net cash used in investing activities of discontinued operations

0.0

(1.4)

Net cash provided by (used in) investing activities

(320.3)

(94.9)

Cash flows - financing activities:

Net borrowings under credit agreement and revolving loan

175.0

0.0

Borrowings under lines of credit

160.0

21.3

Repayment of lines of credit

(157.1)

(25.9)

Repayment of capital lease obligations

(0.2)

(0.8)

Reacquisition of common stock

(6.2)

(5.8)

Proceeds pursuant to stock-based compensation plans

10.0

12.0

Payment of dividends

(12.9)

(11.9)

Other

1.5

(0.9)

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

170.1

(12.0)

Effect of exchange rate changes on cash and cash equivalents

(0.5)

1.0

Net increase (decrease) in cash and cash equivalents

(65.4)

1.8

Cash and cash equivalents at beginning of period

87.4

194.9

Cash and cash equivalents at end of period

$ 22.0

$ 196.7

[1]	Includes an impairment of goodwill (see Note 7, “Goodwill and Other Intangibles”).

Basis of Presentation

9 Months Ended

Feb. 28, 2014

Accounting Policies [Abstract]

Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]

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, comprehensive income (loss) 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, 2013 (the “Annual Report”).

The Company’s fiscal year is not a calendar year. Accordingly, references in this document to fiscal 2013 relate to the twelve-month period ended May 31, 2013.

Reclassifications

Certain reclassifications have been made to conform to the current year presentation.

Building Purchase

The Company entered into a Purchase and Sale Agreement (the "Purchase Agreement") on January 21, 2014 to acquire its headquarters space (including land, building, fixtures and related personal property and leases) at 555 Broadway, New York, NY (the "Property") from its landlord, ISE 555 Broadway, LLC ("Landlord"). The closing under the Purchase Agreement occurred on February 28, 2014. The acquisition price under the Purchase Agreement was $253.9 in cash, including closing costs. Prior to the acquisition, the property was recorded by the Company as a capital lease.

Discontinued Operations

The Company closed certain operations during fiscal 2012 and fiscal 2013. All of these businesses are classified as discontinued operations in the Company’s financial statements. See Note 2, “Discontinued Operations,” for additional information. The Company did not discontinue any operations in the current fiscal year.

Seasonality

The Company’s Children’s Book Publishing and Distribution school-based book fair and book club channels 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. Typically these school-based channel 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 generally experiences a loss from operations in the first and third quarters of each fiscal year. Trade sales can vary through the year due to varying release dates of published titles.

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 for assessment and measurement, intangibles and other long-lived assets and investments.

Restricted Cash

The condensed consolidated balance sheets include restricted cash of $0.5, $1.0 and $1.6 at February 28, 2014, May 31, 2013 and February 28, 2013, respectively, which is reported in “Other current assets.”

New Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board (the “FASB”) issued an update to the authoritative guidance related to the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists to address diversity in practice in the presentation of unrecognized tax benefits.

An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should generally be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows:

To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. No new disclosures are required as a result of this update. The amendments in this update are effective prospectively for reporting periods beginning after December 15, 2013 for all unrecognized tax benefits that exist at the effective date. This new guidance is not yet effective for the fiscal period covered by this quarterly report. The Company is evaluating the impact that this update will have on its consolidated financial position, results of operations and cash flows.

Discontinued Operations

9 Months Ended

Feb. 28, 2014

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

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.

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



	Three months ended February 28,						Nine months ended February 28,
	2014			2013			2014			2013
Revenues	$	0.0		$	1.9		$	0.1		$	4.8
Earnings (loss) before income taxes	0.0			(0.2		)	0.3			(2.2		)
Income tax benefit (provision)	(0.0		)	0.0			(0.1		)	0.8
Earnings (loss) from discontinued operations, net of tax	$	0.0		$	(0.2	)	$	0.2		$	(1.4	)

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 28, 2014		May 31, 2013		February 28, 2013
Accounts receivable, net	$	0.0	$	0.0	$	0.0
Other assets	0.4		0.4		8.5
Current assets of discontinued operations	$	0.4	$	0.4	$	8.5
Accrued expenses and other current liabilities	1.1		1.3		1.7
Current liabilities of discontinued operations	$	1.1	$	1.3	$	1.7

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
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-Name Accounting Standards Codification
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Segment Reporting Disclosure

Segment Information

9 Months Ended

Feb. 28, 2014

Segment Reporting [Abstract]

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 its book clubs and book fairs in its school channels and through 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 digital 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 three operating segments.



	Children’s Book Publishing and Distribution⁽¹⁾			Educational Technology and Services			Classroom and Supplemental Materials Publishing			Media, Licensing and Advertising⁽¹⁾			Overhead⁽¹⁾⁽²⁾			Total Domestic			International		Total
Three months ended February 28, 2014
Revenues	$	190.0		$	35.8		$	44.5		$	12.2		$	—		$	282.5		$	91.0	$	373.5
Bad debt expense	0.2			0.4			0.4			0.1			—			1.1			1.4		2.5
Depreciation and amortization⁽³⁾	7.8			7.1			2.7			1.4			8.7			27.7			1.9		29.6
Segment operating income (loss)	(10.6		)	(10.7		)	1.3			(1.5		)	(12.9		)	(34.4		)	0.1		(34.3		)
Expenditures for long-lived assets including royalty advances	8.9			7.1			2.3			2.6			256.8			277.7			2.6		280.3
Three months ended February 28, 2013
Revenues	$	187.5		$	41.8		$	43.2		$	11.7		$	—		$	284.2		$	94.4	$	378.6
Bad debt expense	(1.6		)	0.5			—			—			—			(1.1		)	0.5		(0.6		)
Depreciation and amortization⁽³⁾	7.7			5.8			2.4			1.1			10.3			27.3			1.9		29.2
Segment operating income (loss)	(9.9		)	(3.5		)	(0.2		)	(2.2		)	(13.6		)	(29.4		)	2.0		(27.4		)
Expenditures for long-lived assets including royalty advances	11.9			10.6			2.7			1.5			7.6			34.3			3.5		37.8



	Children’s Book Publishing and Distribution⁽¹⁾			Educational Technology and Services		Classroom and Supplemental Materials Publishing		Media, Licensing and Advertising⁽¹⁾			Overhead⁽¹⁾⁽²⁾			Total Domestic			International		Total
Nine months ended February 28, 2014
Revenues	$	596.7		$	191.5	$	141.4	$	38.1		$	—		$	967.7		$	305.3	$	1,273.0
Bad debt expense	1.6			0.8		1.0		0.2			—			3.6			2.8		6.4
Depreciation and amortization⁽³⁾	23.6			21.0		7.8		2.5			29.2			84.1			5.2		89.3
Asset impairments ⁽⁴⁾	13.4			—		—		—			—			13.4			—		13.4
Segment operating income (loss)	(3.2		)	32.4		10.4		(3.8		)	(42.9		)	(7.1		)	21.6		14.5
Segment assets at 2/28/14	442.2			162.1		145.1		26.5			558.7			1,334.6			252.9		1,587.5
Goodwill at 2/28/14	40.9			22.7		65.4		5.4			—			134.4			10.1		144.5
Expenditures for long-lived assets including royalty advances	30.8			22.9		6.9		6.2			264.8			331.6			7.8		339.4
Long-lived assets at 2/28/14	145.8			118.1		89.9		15.2			418.8			787.8			62.7		850.5
Nine months ended February 28, 2013
Revenues	$	605.8		$	174.0	$	134.3	$	43.1		$	—		$	957.2		$	328.3	$	1,285.5
Bad debt expense	—			0.6		1.2		—			—			1.8			2.1		3.9
Depreciation and amortization⁽³⁾	23.1			17.1		6.7		2.6			31.0			80.5			5.3		85.8
Asset impairments ⁽⁴⁾	—			—		—		—			—			—			—		—
Segment operating income (loss)	4.6			26.6		4.6		—			(37.7		)	(1.9		)	29.5		27.6
Segment assets at 2/28/13	549.9			177.1		159.9		25.5			433.7			1,346.1			298.9		1,645.0
Goodwill at 2/28/13	54.3			22.7		65.4		5.4			—			147.8			10.2		158.0
Expenditures for long-lived assets including royalty advances	39.1			28.0		6.9		3.4			25.9			103.3			8.6		111.9
Long-lived assets at 2/28/13	170.2			111.8		90.2		12.2			241.5			625.9			68.4		694.3


(1)	As discussed under “Discontinued Operations” in Note 1, “Basis of Presentation,” the Company closed certain operations during fiscal 2012 and fiscal 2013. 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)

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 Children’s Book Publishing and Distribution segment for the computer club business that was discontinued in the fourth quarter of fiscal 2013.


(3)	Includes depreciation of property, plant and equipment and amortization of intangible assets, prepublication and production costs.


(4)	Includes an impairment of goodwill (see Note 7, “Goodwill and Other Intangibles”).

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.

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Debt Disclosure [Text Block]

Debt

9 Months Ended

Feb. 28, 2014

Debt Disclosure [Abstract]

4. Debt

The following table summarizes debt as of the dates indicated:



	Carrying Value			Fair Value			Carrying Value			Fair Value			Carrying Value			Fair Value
	February 28, 2014						May 31, 2013						February 28, 2013
Loan Agreement:
Revolving Loan (interest rate of 1.3%)	$	175.0		$	175.0		$	—		$	—		$	—		$	—
Unsecured lines of credit (weighted average interest rates of 4.8%, 9.0% and 8.9%, respectively)	$	4.7		$	4.7		$	2.0		$	2.0		$	1.8		$	1.8
5% Notes due 2013, net of discount	—			—			—			—			153.0			153.0
Total debt	$	179.7		$	179.7		$	2.0		$	2.0		$	154.8		$	154.8
Less lines of credit, short-term debt and current portion of long-term debt	(4.7		)	(4.7		)	(2.0		)	(2.0		)	(1.8		)	(1.8		)
Total long-term debt	$	175.0		$	175.0		$	—		$	—		$	153.0		$	153.0

The following table sets forth the maturities of the Company’s debt obligations as of February 28, 2014, for the twelve-month periods ending February 28,



2015	$	4.7
2016	$	—
2017	$	—
2018	$	175.0
Total debt	$	179.7

Loan Agreement

Scholastic Corporation and Scholastic Inc. (each, a “Borrower” and together, the “Borrowers”) are parties to a $425.0 credit facility with certain banks (as amended, the “Loan Agreement”), which allows the Company to borrow, repay or prepay and reborrow at any time prior to the December 5, 2017 maturity date. Under the Loan Agreement, interest on amounts borrowed thereunder 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 Loan Agreement 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, in each case, 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 28, 2014, the indicated spread on Base Rate Advances was 0.18% and the indicated spread on Eurodollar Rate Advances was 1.18%, both based on the Company’s prevailing consolidated debt to total capital ratio. 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 28, 2014, the facility fee rate was 0.20%.

As of February 28, 2014, the Company's borrowings under the Loan Agreement totaled $175.0. The Company incurred this obligation in the current fiscal quarter to partially finance the purchase of the land and building of a previously leased property at 555 Broadway in Manhattan. While this obligation is not due until the December 5, 2017 maturity date, the Company may, from time to time, make payments to reduce this obligation when cash from operations becomes available.

The Company had open standby letters of credit totaling $5.7, including $0.4 under the Loan Agreement, as of February 28, 2014. A $1.0 standby letter of credit under the Loan Agreement was canceled on February 28, 2014 due to the purchase of the building mentioned above. 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 28, 2014, the Company was in compliance with these covenants.

Lines of Credit

As of February 28, 2014, the Company’s domestic credit lines available under unsecured money market bid rate credit lines totaled $14.7. There were no outstanding borrowings under these credit lines at February 28, 2014, May 31, 2013 and February 28, 2013. All loans made under these credit lines are at the sole discretion of the lender and at an interest rate and term agreed to at the time each loan is made, but not to exceed 365 days. These credit lines may be renewed, if requested by the Company, at the option of the lender.

As of February 28, 2014, the Company had various local currency credit lines, with maximum available borrowings in amounts equivalent to $34.3, underwritten by banks primarily in the United States, Canada 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. Outstanding borrowings under these lines of credit totaled $4.7, $2.0 and $1.8 at February 28, 2014, May 31, 2013 and February 28, 2013, respectively.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Feb. 28, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	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. Grolier Limited is an indirect subsidiary of Scholastic Corporation, located in the United Kingdom, which ceased operations in fiscal 2008 and the operations of which are included in discontinued operations. The Company is currently in the process of settling a Grolier Limited pension plan in effect at the time it ceased operations and is evaluating the potential pension liabilities under the plan relating to the status of the plan as a defined contribution or a defined benefit plan in the context of the conversion of the plan from a defined benefit to a defined contribution plan in 1986. Based on the information currently available to it, the Company does not expect to incur any additional material liability in resolving this issue and settling the plan.

Earnings (Loss) Per Share

9 Months Ended

Feb. 28, 2014

Earnings Per Share [Abstract]

Earnings Per Share

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 28, 2014 and 2013, respectively:



	Three months ended February 28,						Nine months ended February 28,
	2014			2013			2014		2013
Earnings (loss) from continuing operations attributable to Class A and Common Shares	$	(12.1	)	$	(19.9	)	$	16.1	$	10.9
Earnings (loss) from discontinued operations attributable to Class A and Common Shares, net of tax	0.0			(0.2		)	0.2		(1.4		)
Net income (loss) attributable to Class A and Common Shares	$	(12.1	)	$	(20.1	)	$	16.3	$	9.5
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions)	32.0			32.0			31.9		31.8
Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions)	—			—			0.5		0.6
Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions)	32.0			32.0			32.4		32.4
Earnings (loss) per share of Class A Stock and Common Stock:
Basic earnings (loss) per share:
Earnings (loss) from continuing operations	$	(0.38	)	$	(0.62	)	$	0.50	$	0.34
Earnings (loss) from discontinued operations, net of tax	$	0.00		$	(0.01	)	$	0.01	$	(0.04	)
Net income (loss)	$	(0.38	)	$	(0.63	)	$	0.51	$	0.30
Diluted earnings (loss) per share:
Earnings (loss) from continuing operations	$	(0.38	)	$	(0.62	)	$	0.50	$	0.34
Earnings (loss) from discontinued operations, net of tax	$	0.00		$	(0.01	)	$	0.00	$	(0.05	)
Net income (loss)	$	(0.38	)	$	(0.63	)	$	0.50	$	0.29

Earnings from continuing operations exclude earnings of less than $0.1 for the nine months ended February 28, 2014, and earnings of $0.1 for the nine months ended February 28, 2013, attributable to participating Restricted Stock Units (“RSUs”).

The following table sets forth Options outstanding pursuant to stock-based compensation plans as of the dates indicated:



	February 28, 2014	February 28, 2013
Options outstanding pursuant to stock-based compensation plans (in millions)	4.4	4.2

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 RSUs which are 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 lower of the Two-class method or the Treasury Stock method. Since, under the Two-class method, losses are not allocated to the participating securities, in periods of loss the Two-class method is not applicable.

As of February 28, 2014, $13.4 remains available for future purchases of common shares under the current repurchase authorization of the Board of Directors. See Note 12, “Treasury Stock,” for a more complete description of the Company’s share buy-back program.

Goodwill and Other Intangibles

9 Months Ended

Feb. 28, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

Goodwill and Other Intangibles

The Company assesses goodwill and other intangible assets with indefinite lives annually or more frequently if impairment indicators are such that the goodwill is more likely than not impaired. The Company continues to monitor impairment indicators in light of reduced earnings, changes in market conditions, near and long-term demand for the Company’s products and other relevant factors.

In the current fiscal year, the Company recognized an impairment of $13.4 of goodwill associated with the book clubs reporting unit in the Children’s Book Publishing and Distribution segment. In the second quarter of fiscal year 2014, expected revenues for the reporting unit declined, resulting in an impairment indicator. Revenues in the first fiscal quarter are not significant for this reporting unit as schools are not in session. As of November 30, 2013, the fair value of the reporting unit was approximately $13.0 less than the carrying value of $66.9. The Company used forecasted cash flows, which were adjusted from those used in the latest annual valuation to reflect the revised outlook for the reporting unit, in determining its fair value. Management revised its outlook for the reporting unit as revenues did not meet expectations during the period, and future revenue expectations were revised consistent with the current period decline. A discount rate of 15.5% and a perpetual growth rate of 3.0% were employed for the discounted cash flow analysis . The reporting unit is dependent upon internally developed intangible assets including trade names and customer lists which have no carrying value, but have substantial fair value. In the third quarter of the current fiscal year, the Company completed step two of the goodwill impairment process, and determined that the fair value of the reporting unit's inventory and internally developed intangible assets rendered 100% of the goodwill impaired, consistent with the Company's initial estimates.

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



	Nine months ended February 28, 2014			Twelve months ended May 31, 2013			Nine months ended February 28, 2013
Gross beginning balance	$	178.7		$	178.5		$	178.5
Accumulated impairment	(20.8		)	(20.8		)	(20.8		)
Beginning balance	$	157.9		$	157.7		$	157.7
Impairment charge	(13.4		)	—			—
Foreign currency translation	0.0			0.0			0.1
Other	—			0.2			0.2
Gross ending balance	$	178.7		$	178.7		$	178.8
Accumulated impairment	(34.2		)	(20.8		)	(20.8		)
Ending balance	$	144.5		$	157.9		$	158.0

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



	Nine months ended February 28, 2014			Twelve months ended May 31, 2013			Nine months ended February 28, 2013
Beginning balance - customer lists	$	3.4		$	4.3		$	4.3
Additions	—			0.1			0.1
Amortization expense	(0.7		)	(1.0		)	(0.7		)
Foreign currency translation	0.0			0.0			0.0
Customer lists, net of accumulated amortization of $3.0, $2.3 and $2.0, respectively	$	2.7		$	3.4		$	3.7
Beginning balance - other intangibles	$	9.2		$	10.4		$	10.4
Additions	—			0.2			—
Amortization expense	(1.1		)	(1.5		)	(1.2		)
Foreign currency translation	0.0			0.0			0.0
Other	—			0.1			0.1
Other intangibles, net of accumulated amortization of $13.1, $12.0 and $11.7, respectively	$	8.1		$	9.2		$	9.3
Total other intangibles subject to amortization	$	10.8		$	12.6		$	13.0
Trademarks and other	$2.0			$2.0			$2.0
Total other intangibles not subject to amortization	$	2.0		$	2.0		$	2.0
Total other intangibles	$	12.8		$	14.6		$	15.0

Amortization expense for Total other intangibles was $1.8 and $1.9 for the nine months ended February 28, 2014 and 2013, respectively. Intangible assets with definite lives consist principally of customer lists, covenants not to compete 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 approximately 5 years.

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 [Abstract]

Investments

9 Months Ended

Feb. 28, 2014

Equity Method And Cost Method Investments

Investments

Included in “Other assets and deferred charges” on the Company’s condensed consolidated balance sheets were investments of $19.4, $19.6 and $20.6 at February 28, 2014, May 31, 2013 and February 28, 2013, respectively.

In the first quarter of fiscal 2014, the Company acquired a 20% interest in a software development business for $1.0 in cash, which is accounted for using the equity method of accounting.

The Company owns a 15% non-controlling interest in a book distribution business located in the UK, which is accounted for as a cost-basis investment. A decline in results for this operation in the last quarter of the fiscal year ended December 31, 2013. led management to determine that this investment is other than temporarily impaired as of February 28, 2014. Accordingly, the Company recognized a loss of $4.7 in respect of this investment in the quarter ended February 28, 2014.

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. Income from equity investments totaled $1.7 and $1.5 for the nine months ended February 28, 2014 and 2013, respectively. The prior fiscal year results include a $1.3 settlement received in the prior fiscal period in respect of a former equity-method investment for product delivered to the investee in prior years.

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



	February 28, 2014		May 31, 2013		February 28, 2013
Cost method investments:
UK - based	$	—	$	5.0	$	5.4
Total cost method investments	$	—	$	5.0	$	5.4
Equity method investments:
UK - based	$	18.3	$	14.6	$	15.2
Other	1.1		—		—
Total equity method investments	$	19.4	$	14.6	$	15.2
Total	$	19.4	$	19.6	$	20.6

Employee Benefit Plans

9 Months Ended

Feb. 28, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure

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”) and the defined benefit pension plan of Scholastic Ltd., an indirect subsidiary of Scholastic Corporation located in the United Kingdom (the “UK Pension Plan” and, together with the U.S. 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 February 28,						Post-Retirement Benefits Three months ended February 28,
	2014			2013			2014			2013
Components of net periodic benefit (credit) cost:
Service cost	$	—		$	—		$	0.0		$	0.0
Interest cost	1.8			1.7			0.3			0.3
Expected return on assets	(3.2		)	(2.6		)	—			—
Net amortization of prior service credit	—			—			(0.1		)	(0.1		)
Amortization of (gain) loss	0.5			0.5			0.5			0.3
Net periodic benefit (credit) cost	$	(0.9	)	$	(0.4	)	$	0.7		$	0.5



	Pension Plans Nine months ended February 28,						Post-Retirement Benefits Nine months ended February 28,
	2014			2013			2014			2013
Components of net periodic benefit (credit) cost:
Service cost	$	—		$	—		$	0.0		$	0.0
Interest cost	5.4			5.2			1.0			1.1
Expected return on assets	(9.5		)	(7.9		)	—			—
Net amortization of prior service credit	—			—			(0.2		)	(0.3		)
Amortization of (gain) loss	1.4			1.6			1.7			2.2
Net periodic benefit (credit) cost	$	(2.7	)	$	(1.1	)	$	2.5		$	3.0

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 28, 2014, the Company contributed $3.3 to the U.S. Pension Plan and $1.0 to the UK Pension Plan.

The Company expects, based on actuarial calculations, to contribute cash of approximately $4.6 to the Pension Plans for the fiscal year ending May 31, 2014.

In the current fiscal year, the U.S. Pension Plan's funding status is sufficient to allow participants to receive "lump sum" payments at the participant's request. If these requests exceed $5.4 in the current fiscal year, the Company will recognize a partial settlement.

Stock-Based Compensation

9 Months Ended

Feb. 28, 2014

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

Disclosure of Compensation Related Costs, Share-based Payments

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 February 28,				Nine months ended February 28,
	2014		2013		2014		2013
Stock option expense	$	0.8	$	0.4	$	5.4	$	2.0
Restricted stock unit expense	0.2		0.6		2.1		2.4
Management stock purchase plan	—		—		0.1		0.6
Employee stock purchase plan	0.1		—		0.2		0.2
Total stock-based compensation expense	$	1.1	$	1.0	$	7.8	$	5.2

During each of the nine month periods ended February 28, 2014 and 2013, approximately 0.4 million shares of Common Stock were issued by the Corporation pursuant to its stock-based compensation plans.

Accrued Severance

9 Months Ended

Feb. 28, 2014

Disclosure For Accrued Severance [Abstract]

Disclosure For Accrued Severance

Accrued Severance

The table below provides information regarding Accrued severance, which is included in “Other accrued expenses” in the Company’s condensed consolidated balance sheets.



	Nine months ended February 28, 2014			Twelve months ended May 31, 2013			Nine months ended February 28, 2013
Beginning balance	$	3.3		$	2.7		$	2.7
Accruals	9.7			13.4			5.3
Payments	(11.9		)	(12.8		)	(5.5		)
Ending balance	$	1.1		$	3.3		$	2.5

The Company has continued to implement cost savings initiatives, resulting in severance expense related to these initiatives of $9.2 during the nine-month period ended February 28, 2014. Severance expenses are reported in “Selling, general and administrative expenses.” Other severance expense in the period totaled $0.5.

Treasury Stock

9 Months Ended

Feb. 28, 2014

Disclosure Text Block Supplement [Abstract]

Treasury Stock

The Board of Directors has authorized the Company to repurchase Common Stock, from time to time as conditions allow, on the open market or through negotiated private transactions. The table below represents the remaining Board authorization:



Board Authorization	Amount
September 2010	$	44.0
Less repurchases made under this authorization	(30.6		)
Remaining Board authorization at February 28, 2014	$	13.4

The Company’s repurchase program may be suspended at any time without prior notice. There were $0.0 and $6.2 repurchases of Common Stock made during the three and nine month periods ended February 28, 2014, respectively.

Fair Value Measurements

9 Months Ended

Feb. 28, 2014

Fair Value Disclosures [Abstract]

Fair Value Disclosures

Fair Value Measurements

The Company determines the appropriate level in the fair value hierarchy for each fair value measurement of assets and liabilities carried at fair value on a recurring basis in the Company’s financial statements. The fair value hierarchy prioritizes the inputs, which refer to assumptions that market participants would use in pricing an asset or liability, based upon the highest and best use, into three levels as follows:


•	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



○	Quoted prices for similar assets or liabilities in active markets
○	Quoted prices for identical or similar assets or liabilities in inactive markets
○	Inputs other than quoted prices that are observable for the asset or liability
○	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. 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 4, “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 15, “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


•	Investments


•	Assets acquired in a business combination


•	Goodwill and indefinite-lived intangible assets


•	Long-lived assets held for sale

Level 2 and Level 3 inputs are employed by the Company in the fair value measurement of these assets and liabilities.

See Note 7, “Goodwill and Other Intangibles,” for a more complete description of the fair value measurements employed.

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.

Income Taxes and Other Taxes	9 Months Ended
Income Taxes and Other Taxes	Feb. 28, 2014
Income Tax And Non Income Tax Disclosure [Abstract]
Income Tax And Non Income Tax Disclosure	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, exclusive of discrete items, used to calculate the interim tax provision is 39.2% resulting in a tax rate, inclusive of discrete items, of 70.4% for the three month period ending February 28, 2014 and -312.8% for the nine month period ending February 28, 2014. The tax provision for the third quarter and first nine months of fiscal year 2014 were favorably impacted by a settlement with the Internal Revenue Service, as discussed below. The Company, 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 Company file income tax returns in foreign jurisdictions. The Company is routinely audited by various tax authorities. During the third quarter of fiscal year 2014, the Company reached a settlement with the Internal Revenue Service for fiscal years ended May 31, 2007, 2008 and 2009. In the current fiscal year quarter, the Company recognized previously unrecognized tax positions of $13.8, inclusive of interest, as a result of this settlement. The Company is currently under audit by New York State for fiscal years ended May 31, 2009, 2010, 2011 and 2012 and by New York City for fiscal years ended May 31, 2008, 2009 and 2010. If any of these tax examinations are concluded within the next twelve months, the Company will make any necessary adjustments to its unrecognized tax benefits. Non-income Taxes The Company is subject to tax examinations for sales-based taxes. A number of these examinations are ongoing and, in certain cases, have resulted in assessments from taxing authorities. The Company assesses sales tax contingencies for each jurisdiction in which it operates, considering all relevant facts including statutes, regulations, case law and experience. Where a sales tax liability with respect to a particular jurisdiction is probable and can be reliably estimated, the Company has made accruals for these matters which are reflected in the Company’s condensed consolidated financial statements.

Derivatives and Hedging	9 Months Ended
Derivatives and Hedging	Feb. 28, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure	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. An unrealized gain of $0.1 was recognized at February 28, 2014 and an unrealized loss of less than $0.1 was recognized at February 28, 2013, respectively.

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other Accrued Expenses Disclosure [Abstract]

Other Accrued Expenses

9 Months Ended

Feb. 28, 2014

Other Accrued Expenses Disclosure

Other Accrued Expenses

Other accrued expenses consist of the following as of the dates indicated:



	February 28, 2014		May 31, 2013		February 28, 2013
Accrued payroll, payroll taxes and benefits	$	38.1	$	45.8	$	46.3
Accrued bonus and commissions	26.5		22.0		16.5
Accrued other taxes	24.1		29.3		26.0
Accrued advertising and promotions	37.8		38.2		39.0
Accrued income taxes	3.4		5.5		6.0
Accrued insurance	8.2		8.7		8.8
Other accrued expenses	29.4		30.0		32.7
Total accrued expenses	$	167.5	$	179.5	$	175.3

Subsequent Events	9 Months Ended
Subsequent Events	Feb. 28, 2014
Subsequent Events [Abstract]
Subsequent Events	17. Subsequent Events On March 19, 2014, the Company announced that the Board of Directors declared a cash dividend of $0.15 per Class A and Common share in respect of the third quarter of fiscal 2014. The dividend is payable on June 16, 2014 to stockholders of record on April 30, 2014.

Basis of Presentation Accounting Policies, by Policy (Policies)

9 Months Ended

Feb. 28, 2014

Accounting Policies [Abstract]

Consolidation, Policy

Principles of consolidation

The Company’s fiscal year is not a calendar year. Accordingly, references in this document to fiscal 2013 relate to the twelve-month period ended May 31, 2013.

Reclassification, Policy

Reclassifications

Certain reclassifications have been made to conform to the current year presentation.

Discontinued Operations, Policy

Discontinued Operations

Seasonality, Policy

Seasonality

Use of Estimates, Policy

Use of estimates


•	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 for assessment and measurement, intangibles and other long-lived assets and investments.

Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy

Restricted Cash

New Accounting Pronouncements, Policy

New Accounting Pronouncements

Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations (Tables)

9 Months Ended

Feb. 28, 2014

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

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



	Three months ended February 28,						Nine months ended February 28,
	2014			2013			2014			2013
Revenues	$	0.0		$	1.9		$	0.1		$	4.8
Earnings (loss) before income taxes	0.0			(0.2		)	0.3			(2.2		)
Income tax benefit (provision)	(0.0		)	0.0			(0.1		)	0.8
Earnings (loss) from discontinued operations, net of tax	$	0.0		$	(0.2	)	$	0.2		$	(1.4	)

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

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 28, 2014		May 31, 2013		February 28, 2013
Accounts receivable, net	$	0.0	$	0.0	$	0.0
Other assets	0.4		0.4		8.5
Current assets of discontinued operations	$	0.4	$	0.4	$	8.5
Accrued expenses and other current liabilities	1.1		1.3		1.7
Current liabilities of discontinued operations	$	1.1	$	1.3	$	1.7

Segment Information (Tables)

9 Months Ended

Feb. 28, 2014

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment



	Children’s Book Publishing and Distribution⁽¹⁾			Educational Technology and Services			Classroom and Supplemental Materials Publishing			Media, Licensing and Advertising⁽¹⁾			Overhead⁽¹⁾⁽²⁾			Total Domestic			International		Total
Three months ended February 28, 2014
Revenues	$	190.0		$	35.8		$	44.5		$	12.2		$	—		$	282.5		$	91.0	$	373.5
Bad debt expense	0.2			0.4			0.4			0.1			—			1.1			1.4		2.5
Depreciation and amortization⁽³⁾	7.8			7.1			2.7			1.4			8.7			27.7			1.9		29.6
Segment operating income (loss)	(10.6		)	(10.7		)	1.3			(1.5		)	(12.9		)	(34.4		)	0.1		(34.3		)
Expenditures for long-lived assets including royalty advances	8.9			7.1			2.3			2.6			256.8			277.7			2.6		280.3
Three months ended February 28, 2013
Revenues	$	187.5		$	41.8		$	43.2		$	11.7		$	—		$	284.2		$	94.4	$	378.6
Bad debt expense	(1.6		)	0.5			—			—			—			(1.1		)	0.5		(0.6		)
Depreciation and amortization⁽³⁾	7.7			5.8			2.4			1.1			10.3			27.3			1.9		29.2
Segment operating income (loss)	(9.9		)	(3.5		)	(0.2		)	(2.2		)	(13.6		)	(29.4		)	2.0		(27.4		)
Expenditures for long-lived assets including royalty advances	11.9			10.6			2.7			1.5			7.6			34.3			3.5		37.8



	Children’s Book Publishing and Distribution⁽¹⁾			Educational Technology and Services		Classroom and Supplemental Materials Publishing		Media, Licensing and Advertising⁽¹⁾			Overhead⁽¹⁾⁽²⁾			Total Domestic			International		Total
Nine months ended February 28, 2014
Revenues	$	596.7		$	191.5	$	141.4	$	38.1		$	—		$	967.7		$	305.3	$	1,273.0
Bad debt expense	1.6			0.8		1.0		0.2			—			3.6			2.8		6.4
Depreciation and amortization⁽³⁾	23.6			21.0		7.8		2.5			29.2			84.1			5.2		89.3
Asset impairments ⁽⁴⁾	13.4			—		—		—			—			13.4			—		13.4
Segment operating income (loss)	(3.2		)	32.4		10.4		(3.8		)	(42.9		)	(7.1		)	21.6		14.5
Segment assets at 2/28/14	442.2			162.1		145.1		26.5			558.7			1,334.6			252.9		1,587.5
Goodwill at 2/28/14	40.9			22.7		65.4		5.4			—			134.4			10.1		144.5
Expenditures for long-lived assets including royalty advances	30.8			22.9		6.9		6.2			264.8			331.6			7.8		339.4
Long-lived assets at 2/28/14	145.8			118.1		89.9		15.2			418.8			787.8			62.7		850.5
Nine months ended February 28, 2013
Revenues	$	605.8		$	174.0	$	134.3	$	43.1		$	—		$	957.2		$	328.3	$	1,285.5
Bad debt expense	—			0.6		1.2		—			—			1.8			2.1		3.9
Depreciation and amortization⁽³⁾	23.1			17.1		6.7		2.6			31.0			80.5			5.3		85.8
Asset impairments ⁽⁴⁾	—			—		—		—			—			—			—		—
Segment operating income (loss)	4.6			26.6		4.6		—			(37.7		)	(1.9		)	29.5		27.6
Segment assets at 2/28/13	549.9			177.1		159.9		25.5			433.7			1,346.1			298.9		1,645.0
Goodwill at 2/28/13	54.3			22.7		65.4		5.4			—			147.8			10.2		158.0
Expenditures for long-lived assets including royalty advances	39.1			28.0		6.9		3.4			25.9			103.3			8.6		111.9
Long-lived assets at 2/28/13	170.2			111.8		90.2		12.2			241.5			625.9			68.4		694.3


(1)	As discussed under “Discontinued Operations” in Note 1, “Basis of Presentation,” the Company closed certain operations during fiscal 2012 and fiscal 2013. 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)


(3)	Includes depreciation of property, plant and equipment and amortization of intangible assets, prepublication and production costs.


(4)	Includes an impairment of goodwill (see Note 7, “Goodwill and Other Intangibles”).

Debt (Tables)

9 Months Ended

Feb. 28, 2014

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

The following table summarizes debt as of the dates indicated:



	Carrying Value			Fair Value			Carrying Value			Fair Value			Carrying Value			Fair Value
	February 28, 2014						May 31, 2013						February 28, 2013
Loan Agreement:
Revolving Loan (interest rate of 1.3%)	$	175.0		$	175.0		$	—		$	—		$	—		$	—
Unsecured lines of credit (weighted average interest rates of 4.8%, 9.0% and 8.9%, respectively)	$	4.7		$	4.7		$	2.0		$	2.0		$	1.8		$	1.8
5% Notes due 2013, net of discount	—			—			—			—			153.0			153.0
Total debt	$	179.7		$	179.7		$	2.0		$	2.0		$	154.8		$	154.8
Less lines of credit, short-term debt and current portion of long-term debt	(4.7		)	(4.7		)	(2.0		)	(2.0		)	(1.8		)	(1.8		)
Total long-term debt	$	175.0		$	175.0		$	—		$	—		$	153.0		$	153.0

Schedule of Maturities of Long-term Debt [Table Text Block]

The following table sets forth the maturities of the Company’s debt obligations as of February 28, 2014, for the twelve-month periods ending February 28,



2015	$	4.7
2016	$	—
2017	$	—
2018	$	175.0
Total debt	$	179.7

Earnings (Loss) Per Share (Tables)

9 Months Ended

Feb. 28, 2014

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]



	Three months ended February 28,						Nine months ended February 28,
	2014			2013			2014		2013
Earnings (loss) from continuing operations attributable to Class A and Common Shares	$	(12.1	)	$	(19.9	)	$	16.1	$	10.9
Earnings (loss) from discontinued operations attributable to Class A and Common Shares, net of tax	0.0			(0.2		)	0.2		(1.4		)
Net income (loss) attributable to Class A and Common Shares	$	(12.1	)	$	(20.1	)	$	16.3	$	9.5
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions)	32.0			32.0			31.9		31.8
Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions)	—			—			0.5		0.6
Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions)	32.0			32.0			32.4		32.4
Earnings (loss) per share of Class A Stock and Common Stock:
Basic earnings (loss) per share:
Earnings (loss) from continuing operations	$	(0.38	)	$	(0.62	)	$	0.50	$	0.34
Earnings (loss) from discontinued operations, net of tax	$	0.00		$	(0.01	)	$	0.01	$	(0.04	)
Net income (loss)	$	(0.38	)	$	(0.63	)	$	0.51	$	0.30
Diluted earnings (loss) per share:
Earnings (loss) from continuing operations	$	(0.38	)	$	(0.62	)	$	0.50	$	0.34
Earnings (loss) from discontinued operations, net of tax	$	0.00		$	(0.01	)	$	0.00	$	(0.05	)
Net income (loss)	$	(0.38	)	$	(0.63	)	$	0.50	$	0.29

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table sets forth Options outstanding pursuant to stock-based compensation plans as of the dates indicated:



	February 28, 2014	February 28, 2013
Options outstanding pursuant to stock-based compensation plans (in millions)	4.4	4.2

Goodwill and Other Intangibles (Tables)

9 Months Ended

Feb. 28, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Activity in Goodwill for the Periods Indicated

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



	Nine months ended February 28, 2014			Twelve months ended May 31, 2013			Nine months ended February 28, 2013
Gross beginning balance	$	178.7		$	178.5		$	178.5
Accumulated impairment	(20.8		)	(20.8		)	(20.8		)
Beginning balance	$	157.9		$	157.7		$	157.7
Impairment charge	(13.4		)	—			—
Foreign currency translation	0.0			0.0			0.1
Other	—			0.2			0.2
Gross ending balance	$	178.7		$	178.7		$	178.8
Accumulated impairment	(34.2		)	(20.8		)	(20.8		)
Ending balance	$	144.5		$	157.9		$	158.0

Summary of Activity in Total Other Intangibles for the Periods Indicated

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



	Nine months ended February 28, 2014			Twelve months ended May 31, 2013			Nine months ended February 28, 2013
Beginning balance - customer lists	$	3.4		$	4.3		$	4.3
Additions	—			0.1			0.1
Amortization expense	(0.7		)	(1.0		)	(0.7		)
Foreign currency translation	0.0			0.0			0.0
Customer lists, net of accumulated amortization of $3.0, $2.3 and $2.0, respectively	$	2.7		$	3.4		$	3.7
Beginning balance - other intangibles	$	9.2		$	10.4		$	10.4
Additions	—			0.2			—
Amortization expense	(1.1		)	(1.5		)	(1.2		)
Foreign currency translation	0.0			0.0			0.0
Other	—			0.1			0.1
Other intangibles, net of accumulated amortization of $13.1, $12.0 and $11.7, respectively	$	8.1		$	9.2		$	9.3
Total other intangibles subject to amortization	$	10.8		$	12.6		$	13.0
Trademarks and other	$2.0			$2.0			$2.0
Total other intangibles not subject to amortization	$	2.0		$	2.0		$	2.0
Total other intangibles	$	12.8		$	14.6		$	15.0

Investments (Tables)

9 Months Ended

Feb. 28, 2014

Equity Method And Cost Method Investments [Abstract]

Schedule Of Cost And Equity Method Investments

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



	February 28, 2014		May 31, 2013		February 28, 2013
Cost method investments:
UK - based	$	—	$	5.0	$	5.4
Total cost method investments	$	—	$	5.0	$	5.4
Equity method investments:
UK - based	$	18.3	$	14.6	$	15.2
Other	1.1		—		—
Total equity method investments	$	19.4	$	14.6	$	15.2
Total	$	19.4	$	19.6	$	20.6

Employee Benefit Plans (Tables)

9 Months Ended

Feb. 28, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Benefit Costs



	Pension Plans Three months ended February 28,						Post-Retirement Benefits Three months ended February 28,
	2014			2013			2014			2013
Components of net periodic benefit (credit) cost:
Service cost	$	—		$	—		$	0.0		$	0.0
Interest cost	1.8			1.7			0.3			0.3
Expected return on assets	(3.2		)	(2.6		)	—			—
Net amortization of prior service credit	—			—			(0.1		)	(0.1		)
Amortization of (gain) loss	0.5			0.5			0.5			0.3
Net periodic benefit (credit) cost	$	(0.9	)	$	(0.4	)	$	0.7		$	0.5



	Pension Plans Nine months ended February 28,						Post-Retirement Benefits Nine months ended February 28,
	2014			2013			2014			2013
Components of net periodic benefit (credit) cost:
Service cost	$	—		$	—		$	0.0		$	0.0
Interest cost	5.4			5.2			1.0			1.1
Expected return on assets	(9.5		)	(7.9		)	—			—
Net amortization of prior service credit	—			—			(0.2		)	(0.3		)
Amortization of (gain) loss	1.4			1.6			1.7			2.2
Net periodic benefit (credit) cost	$	(2.7	)	$	(1.1	)	$	2.5		$	3.0

Stock-Based Compensation (Tables)

9 Months Ended

Feb. 28, 2014

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

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

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



	Three months ended February 28,				Nine months ended February 28,
	2014		2013		2014		2013
Stock option expense	$	0.8	$	0.4	$	5.4	$	2.0
Restricted stock unit expense	0.2		0.6		2.1		2.4
Management stock purchase plan	—		—		0.1		0.6
Employee stock purchase plan	0.1		—		0.2		0.2
Total stock-based compensation expense	$	1.1	$	1.0	$	7.8	$	5.2

Accrued Severance (Tables)

9 Months Ended

Feb. 28, 2014

Disclosure For Accrued Severance [Abstract]

Schedule Of Accrued Severance Costs

The table below provides information regarding Accrued severance, which is included in “Other accrued expenses” in the Company’s condensed consolidated balance sheets.



	Nine months ended February 28, 2014			Twelve months ended May 31, 2013			Nine months ended February 28, 2013
Beginning balance	$	3.3		$	2.7		$	2.7
Accruals	9.7			13.4			5.3
Payments	(11.9		)	(12.8		)	(5.5		)
Ending balance	$	1.1		$	3.3		$	2.5

Treasury Stock (Tables)

9 Months Ended

Feb. 28, 2014

Disclosure Text Block Supplement [Abstract]

Tabular Disclosure of an Entity's Treasury Stock



Board Authorization	Amount
September 2010	$	44.0
Less repurchases made under this authorization	(30.6		)
Remaining Board authorization at February 28, 2014	$	13.4

Other Accrued Expenses (Tables)

9 Months Ended

Feb. 28, 2014

Other Accrued Expenses Disclosure [Abstract]

Schedule of Other Accrued Expenses

Other accrued expenses consist of the following as of the dates indicated:



	February 28, 2014		May 31, 2013		February 28, 2013
Accrued payroll, payroll taxes and benefits	$	38.1	$	45.8	$	46.3
Accrued bonus and commissions	26.5		22.0		16.5
Accrued other taxes	24.1		29.3		26.0
Accrued advertising and promotions	37.8		38.2		39.0
Accrued income taxes	3.4		5.5		6.0
Accrued insurance	8.2		8.7		8.8
Other accrued expenses	29.4		30.0		32.7
Total accrued expenses	$	167.5	$	179.5	$	175.3

Basis of Presentation (Details) - USD ($) $ in Millions	9 Months Ended
Basis of Presentation (Details) - USD ($) $ in Millions	Feb. 28, 2014	Feb. 28, 2013	May 31, 2013
Accounting Policies [Abstract]
Payments to Acquire Buildings	$ 253.9	$ 0.0
Restricted Cash (in Dollars)	$ 0.5	$ 1.6	$ 1.0

Discontinued Operations (Details) - Schedule of operating results of the discontinued operations - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 28, 2014	Feb. 28, 2013	Feb. 28, 2014	Feb. 28, 2013
Schedule of operating results of the discontinued operations [Abstract]
Revenues	$ 0.0	$ 1.9	$ 0.1	$ 4.8
Earnings (loss) before income taxes	0.0	(0.2)	0.3	(2.2)
Income tax benefit (provision)	0.0	0.0	(0.1)	0.8
Earnings (loss) from discontinued operations, net of tax	$ 0.0	$ (0.2)	$ 0.2	$ (1.4)

Discontinued Operations (Details) - Schedule of assets and liabilities of the discontinued operations - USD ($) $ in Millions	Feb. 28, 2014	May 31, 2013	Feb. 28, 2013
Schedule of assets and liabilities of the discontinued operations [Abstract]
Accounts receivable, net	$ 0.0	$ 0.0	$ 0.0
Other assets	0.4	0.4	8.5
Current assets of discontinued operations	0.4	0.4	8.5
Accrued expenses and other current liabilities	1.1	1.3	1.7
Current liabilities of discontinued operations	$ 1.1	$ 1.3	$ 1.7

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

3 Months Ended

9 Months Ended

Feb. 28, 2014

Feb. 28, 2013

Feb. 28, 2014

Feb. 28, 2013

May 31, 2013

May 31, 2012

$ 373.5

$ 378.6

$ 1,273.0

$ 1,285.5

Depreciation & Amortization, including prepublication and production costs

2.5

(0.6)

6.4

3.9

^[1]

29.6

29.2

89.3

85.8

0.0

13.4

^[2]

0.0

^[2]

(34.3)

(27.4)

14.5

27.6

1,587.5

1,645.0

1,587.5

1,645.0

Expenditures for long-lived assets including royalty advances

144.5

158.0

144.5

158.0

$ 157.9

$ 157.7

280.3

37.8

339.4

111.9

Children's Book Publishing and Distribution

850.5

694.3

850.5

694.3

^[3]

190.0

187.5

596.7

605.8

Depreciation & Amortization, including prepublication and production costs

^[3]

0.2

(1.6)

1.6

0.0

^[1],[3]

7.8

7.7

23.6

23.1

^[2],[3]

13.4

0.0

^[3]

(10.6)

(9.9)

(3.2)

4.6

^[3]

442.2

549.9

442.2

549.9

Expenditures for long-lived assets including royalty advances

^[3]

40.9

54.3

40.9

54.3

^[3]

8.9

11.9

30.8

39.1

Educational Technology and Services

^[3]

145.8

170.2

145.8

170.2

35.8

41.8

191.5

174.0

Depreciation & Amortization, including prepublication and production costs

0.4

0.5

0.8

0.6

^[1]

7.1

5.8

21.0

17.1

^[2]

0.0

(10.7)

(3.5)

32.4

26.6

162.1

177.1

162.1

177.1

Expenditures for long-lived assets including royalty advances

22.7

7.1

10.6

22.9

28.0

Classroom and Supplemental Materials Publishing

118.1

111.8

118.1

111.8

44.5

43.2

141.4

134.3

Depreciation & Amortization, including prepublication and production costs

0.4

0.0

1.0

1.2

^[1]

2.7

2.4

7.8

6.7

^[2]

0.0

1.3

(0.2)

10.4

4.6

145.1

159.9

145.1

159.9

Expenditures for long-lived assets including royalty advances

65.4

2.3

2.7

6.9

Media, Licensing and Advertising

89.9

90.2

89.9

90.2

^[3]

12.2

11.7

38.1

43.1

Depreciation & Amortization, including prepublication and production costs

^[3]

0.1

0.0

0.2

0.0

^[1],[3]

1.4

1.1

2.5

2.6

^[2],[3]

0.0

^[3]

(1.5)

(2.2)

(3.8)

0.0

^[3]

26.5

25.5

26.5

25.5

Expenditures for long-lived assets including royalty advances

^[3]

5.4

^[3]

2.6

1.5

6.2

3.4

^[3]

15.2

12.2

15.2

12.2

Overhead

^[3],[4]

0.0

Depreciation & Amortization, including prepublication and production costs

^[3],[4]

0.0

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

8.7

10.3

29.2

31.0

^[2],[3],[4]

0.0

^[3],[4]

(12.9)

(13.6)

(42.9)

(37.7)

^[3],[4]

558.7

433.7

558.7

433.7

Expenditures for long-lived assets including royalty advances

^[3],[4]

0.0

^[3],[4]

256.8

7.6

264.8

25.9

^[3],[4]

418.8

241.5

418.8

241.5

Total Domestic

282.5

284.2

967.7

957.2

Depreciation & Amortization, including prepublication and production costs

1.1

(1.1)

3.6

1.8

^[1]

27.7

27.3

84.1

80.5

^[2]

13.4

0.0

(34.4)

(29.4)

(7.1)

(1.9)

1,334.6

1,346.1

1,334.6

1,346.1

Expenditures for long-lived assets including royalty advances

134.4

147.8

134.4

147.8

277.7

34.3

331.6

103.3

787.8

625.9

787.8

625.9

International Segment

91.0

94.4

305.3

328.3

Depreciation & Amortization, including prepublication and production costs

1.4

0.5

2.8

2.1

^[1]

1.9

5.2

5.3

^[2]

0.0

0.1

2.0

21.6

29.5

252.9

298.9

252.9

298.9

Expenditures for long-lived assets including royalty advances

10.1

10.2

10.1

10.2

2.6

3.5

7.8

8.6