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Employee Benefit Plans (Tables)
6 Months Ended
Nov. 30, 2017
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
The following table sets forth components of the net periodic (benefit) cost 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. 
 
U.S. Pension Plan
 
UK Pension Plan
 
Post-Retirement Benefits
 
Three months ended November 30,
 
Three months ended November 30,
 
Three months ended November 30,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Components of net periodic (benefit) cost:
 
 
 
 
 
 
 
 
 
 
 
Service cost
$

 
$

 
$

 
$

 
$
0.0

 
$
0.0

Interest cost
0.8

 
0.8

 
0.2

 
0.3

 
0.2

 
0.3

Expected return on assets
(1.5
)
 
(1.6
)
 
(0.2
)
 
(0.2
)
 

 

Benefit cost of settlement event
15.4

 

 

 

 

 

Amortization of (gain) loss
0.3

 
0.3

 
0.3

 
0.2

 
0.0

 
0.6

Net periodic (benefit) cost
$
15.0

 
$
(0.5
)
 
$
0.3

 
$
0.3

 
$
0.2

 
$
0.9

 
Pension Plans
 
UK Pension Plan
 
Post-Retirement Benefits
 
Six months ended November 30,
 
Six months ended November 30,
 
Six months ended November 30,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Components of net periodic (benefit) cost:
 
 
 
 
 
 
 
 
 
 
 
Service cost
$

 
$

 

 

 
$
0.0

 
$
0.0

Interest cost
1.5

 
1.6

 
0.5

 
0.6

 
0.5

 
0.6

Expected return on assets
(3.0
)
 
(3.1
)
 
(0.5
)
 
(0.5
)
 

 

Benefit cost of settlement event
15.4

 

 

 

 

 

Amortization of (gain) loss
0.6

 
0.5

 
0.6

 
0.4

 
0.0

 
1.2

Net periodic cost (credit)
$
14.5

 
$
(1.0
)
 
$
0.6

 
$
0.5

 
$
0.5

 
$
1.8