XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Income Statement [Abstract]        
Revenues $ 323.7 $ 324.9 $ 1,114.8 $ 1,175.7
Operating costs and expenses:        
Cost of goods sold 148.7 161.1 512.8 566.0
Selling, general and administrative expenses 194.8 178.0 592.1 554.4
Depreciation and amortization 14.6 13.5 42.1 41.0
Asset impairments and write downs 0.5 0.0 0.5 0.0
Total operating costs and expenses 358.6 352.6 1,147.5 1,161.4
Operating income (loss) (34.9) (27.7) (32.7) 14.3
Interest income (expense), net 0.6 1.4 2.4 2.3
Other components of net periodic benefit (cost) (0.3) 0.1 (0.8) 0.2
Earnings (loss) before income taxes (34.6) (26.2) (31.1) 16.8
Provision (benefit) for income taxes (8.1) (6.9) (7.3) 6.1
Net income (loss) (26.5) (19.3) (23.8) 10.7
Less: Net income (loss) attributable to noncontrolling interest 0.0 (0.1) 0.0 0.1
Net income (loss) attributable to Scholastic Corporation $ (26.5) $ (19.2) $ (23.8) $ 10.6
Basic and diluted earnings (loss) per share of Class A and Common Stock        
Basic (in Dollars per share) $ (0.91) $ (0.57) $ (0.80) $ 0.31
Diluted (in Dollars per share) $ (0.91) $ (0.57) $ (0.80) $ 0.30