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Employee Benefit Plans (Tables) | 6 Months Ended
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Nov. 30, 2014
Compensation and Retirement Disclosure [Abstract] |
Schedule of Net Benefit Costs | The following table sets forth components of the net periodic benefit costs 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.
| Pension Plans Three months ended November 30, |  | Post-Retirement Benefits Three months ended November 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Components of net periodic benefit (credit) cost: |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | 0.0 |  |  | $ | 0.0 |
Interest cost | 1.6 |  |  | 1.8 |  |  | 0.3 |  |  | 0.3 |
Expected return on assets | (2.2 | ) |  | (3.2 | ) |  | — |  |  | — |
Net amortization of prior service credit | — |  |  | — |  |  | (0.0) |  |  | (0.0 | )
Benefit cost of settlement event | 3.7 |  |  | — |  |  | — |  |  | — |
Amortization of (gain) loss | 0.4 |  |  | 0.5 |  |  | 0.3 |  |  | 0.6 |
Net periodic benefit (credit) cost | $ | 3.5 |  |  | $ | (0.9 | ) |  | $ | 0.6 |  |  | $ | 0.9 |
| Pension Plans Six months ended November 30, |  | Post-Retirement Benefits Six months ended November 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Components of net periodic benefit (credit) cost: |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | 0.0 |  |  | $ | 0.0 |
Interest cost | 3.4 |  |  | 3.6 |  |  | 0.6 |  |  | 0.7 |
Expected return on assets | (4.7 | ) |  | (6.3 | ) |  | — |  |  | — |
Net amortization of prior service credit | — |  |  | — |  |  | (0.1 | ) |  | (0.1 | )
Benefit cost of settlement event | 3.7 |  |  | — |  |  | — |  |  | — |
Amortization of (gain) loss | 0.7 |  |  | 0.9 |  |  | 0.7 |  |  | 1.2 |
Net periodic benefit (credit) cost | $ | 3.1 |  |  | $ | (1.8 | ) |  | $ | 1.2 |  |  | $ | 1.8 |

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
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