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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Nov. 30, 2020
May 31, 2020
Nov. 30, 2019
Current Assets:      
Cash and cash equivalents $ 356.6 $ 393.8 $ 277.8
Accounts receivable, net 304.7 239.8 325.1
Inventories, net 306.5 270.6 357.8
Income tax receivable 91.9 90.0 8.4
Prepaid expenses and other current assets 51.4 41.1 53.5
Total current assets 1,111.1 1,035.3 1,022.6
Property, plant and equipment, net 567.6 576.9 578.5
Prepublication costs, net 68.1 70.6 71.3
Operating lease right-of-use assets, net 90.2 95.3 76.4
Royalty advances, net 43.5 39.9 52.3
Goodwill 125.6 124.9 125.4
Noncurrent deferred income taxes 19.8 18.6 37.3
Other assets and deferred charges 81.0 72.1 67.9
Total noncurrent assets 995.8 998.3 1,009.1
Total assets 2,106.9 2,033.6 2,031.7
Current Liabilities:      
Lines of credit and current portion of long-term debt 19.8 7.9 13.5
Accounts payable 165.5 153.6 188.9
Accrued royalties 60.1 37.8 54.7
Deferred revenue 150.7 116.5 190.5
Other accrued expenses 183.0 161.5 178.2
Accrued income taxes 3.1 1.4 1.4
Operating lease liabilities 24.4 22.8 23.5
Total current liabilities 606.6 501.5 650.7
Noncurrent Liabilities:      
Total long-term debt 175.0 210.6 2.6
Operating lease liabilities 71.6 75.7 56.0
Other noncurrent liabilities 65.8 65.2 61.1
Total noncurrent liabilities 312.4 351.5 119.7
Commitments and Contingencies (see Note 5) 0.0 0.0 0.0
Stockholders’ Equity:      
Preferred Stock, $1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none 0.0 0.0 0.0
Common Stock, value 0.4 0.4 0.4
Additional paid-in capital 624.3 622.4 621.3
Accumulated other comprehensive income (loss) (41.7) (58.3) (57.4)
Retained earnings 933.1 948.0 1,014.7
Treasury stock, at cost: 10.3, 10.4 and 9.9 shares, respectively (329.7) (333.3) (319.0)
Total stockholders’ equity of Scholastic Corporation 1,186.4 1,179.2 1,260.0
Noncontrolling interest 1.5 1.4 1.3
Total stockholders’ equity 1,187.9 1,180.6 1,261.3
Total liabilities and stockholders’ equity 2,106.9 2,033.6 2,031.7
Common Class A      
Stockholders’ Equity:      
Common Stock, value $ 0.0 $ 0.0 $ 0.0