XML 62 R13.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Investments | 6 Months Ended
--- | ---
Nov. 30, 2014
Equity Method And Cost Method Investments [Abstract] |
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 $18.9, $18.4 and $23.7 at November 30, 2014, May 31, 2014 and November 30, 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 was accounted for using the equity method of accounting. The investment was determined to be other than temporarily impaired and the Company recognized a loss of $1.0 in the fourth quarter of the fiscal year ended May 31, 2014. The Company owned a 15% non-controlling interest in a book distribution business located in the UK, which was accounted for as a cost-basis investment. A decline in results for this operation led management to determine that this investment was other than temporarily impaired and the Company recognized a loss of $4.8 in respect of this investment in the fiscal year ended May 31, 2014. On September 12, 2014, the Company sold its 15% interest in this business for a gain of approximately $0.6. 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 $1.8 for the six months ended November 30, 2014 and 2013, respectively. The following table summarizes the Company’s investments as of the dates indicated:
| November 30, 2014 |  | May 31, 2014 |  | November 30, 2013
Cost method investments: |  |  |  |  |
UK - based | $ | — |  |  | $ | — |  |  | $ | 4.8 |
Total cost method investments | $ | — |  |  | $ | — |  |  | $ | 4.8 |
Equity method investments: |  |  |  |  |  |  |  |
UK - based | $ | 18.9 |  |  | $ | 18.3 |  |  | $ | 17.9 |
Other | 0.0 |  |  | 0.1 |  |  | 1.0 |
Total equity method investments | $ | 18.9 |  |  | $ | 18.4 |  |  | $ | 18.9 |
Total | $ | 18.9 |  |  | $ | 18.4 |  |  | $ | 23.7 |

X
- Definition This element represents the required disclosure for investments accounted for under the cost-method. The carrying amount of such investments may be adjusted, for example, distributions in excess of cost (return of capital) or for other-than-temporary impairments. The cost method and lower-of-cost or market, an adaptation of the cost method, is generally followed for most investments in noncontrolled corporations, in some corporate joint ventures, and to a lesser extent in unconsolidated subsidiaries in which the Entity does not have the ability to exercise significant influence. Also, this item represents disclosure of information related to equity method investments in common stock. The information which should be considered for disclosure includes: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. + References No definition available. + Details
Name: | schl_EquityMethodAndCostMethodInvestmentsTextBlock
Namespace Prefix: | schl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | schl_EquityMethodAndCostMethodInvestmentsTextBlockAbstract
Namespace Prefix: | schl_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration