XML 52 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Income Statement [Abstract]    
Revenues $ 215.2 $ 232.6
Operating costs and expenses:    
Cost of goods sold 123.2 137.1
Selling, general and administrative expenses 121.5 163.1
Depreciation and amortization 15.5 15.4
Severance 12.0 4.4
Total operating costs and expenses 272.2 320.0
Operating income (loss) (57.0) (87.4)
Interest income (expense), net (1.2) 0.7
Other components of net periodic benefit (cost) (0.2) (0.4)
Gain (loss) on sale of assets and other 6.6 0.0
Earnings (loss) before income taxes (51.8) (87.1)
Provision (benefit) for income taxes (12.0) (28.6)
Net income (loss) (39.8) (58.5)
Less: Net income (loss) attributable to noncontrolling interest 0.0 0.0
Net income (loss) attributable to Scholastic Corporation $ (39.8) $ (58.5)
Basic and diluted earnings (loss) per Share of Class A and Common Stock    
Basic (in Dollars per share) $ (1.16) $ (1.68)
Diluted (in Dollars per share) $ (1.16) $ (1.68)