XML 54 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1

Taxes (Tables)

12 Months Ended

May 31, 2017

Income Tax And Non Income Tax Disclosure [Abstract]

Schedule of income from continuing operations

The components of earnings from continuing operations before income taxes for the fiscal years ended May 31 are:

	2017				2016				2015
United States	$	78.7			$	62.1			$	27.4
Non-United States	9.2				6.6				2.5
Total	$	87.9			$	68.7			$	29.9

Schedule of income tax expense (benefit)

The provision for income taxes from continuing operations for the fiscal years ended May 31 consists of the following components: 

	2017				2016				2015
Federal
Current	$	8.3			$	(4.0	)		$	3.3
Deferred	17.7				19.2				5.3
Total federal	$	26.0			$	15.2			$	8.6
State and local
Current	$	1.8			$	4.1			$	1.2
Deferred	2.2				1.8				0.9
Total state and local	$	4.0			$	5.9			$	2.1
Non-United States
Current	$	5.4			$	4.1			$	4.7
Deferred	—				(0.5		)		(1.0		)
Total non-United States	$	5.4			$	3.6			$	3.7
Total
Current	$	15.5			$	4.2			$	9.2
Deferred	19.9				20.5				5.2
Total current and deferred	$	35.4			$	24.7			$	14.4

Schedule of effective income tax rate reconciliation

A reconciliation of the significant differences between the effective income tax rate and the federal statutory rate on earnings from continuing operations before income taxes for the fiscal years ended May 31 is as follows:

	2017				2016				2015
Computed federal statutory provision	35.0		%		35.0		%		35.0		%
State income tax provision, net of federal income tax benefit	3.3				3.7				4.2
Difference in effective tax rates on earnings of foreign subsidiaries	0.0				1.2				3.7
Charitable contributions	(0.3		)		(0.4		)		(1.1		)
Tax credits	(0.5		)		(0.3		)		(0.5		)
Valuation allowances	0.1				(0.7		)		2.4
Uncertain Positions	2.9				3.9				11.5
Other - net	(0.2		)		(6.4		)		(7.0		)
Effective tax rates	40.3		%		36.0		%		48.2		%
Total provision for income taxes	$	35.4			$	24.7			$	14.4

Schedule of deferred tax assets and liabilities

The significant components for deferred income taxes for the fiscal years ended May 31, including deferred income taxes related to discontinued operations, are as follows: 

	2017				2016
Deferred tax assets
Tax uniform capitalization	$	9.5			$	6.2
Prepublication expenses	14.8				26.4
Inventory reserves	24.6				25.1
Allowance for doubtful accounts	3.3				4.2
Other reserves	26.0				26.3
Post-retirement, post-employment and pension obligations	12.5				15.9
Tax carryforwards	31.1				32.2
Lease accounting	(0.4		)		(0.4		)
Other - net	10.2				12.0
Gross deferred tax assets	131.6				147.9
Valuation allowance	(26.8		)		(28.4		)
Total deferred tax assets	$	104.8			$	119.5
Deferred tax liabilities
Prepaid expenses	(0.4		)		(0.6		)
Depreciation and amortization	(50.7		)		(50.4		)
Total deferred tax liability	$	(51.1	)		$	(51.0	)
Total net deferred tax assets	$	53.7			$	68.5

Schedule of unrecognized tax benefits rollforward

A reconciliation of the unrecognized tax benefits for the fiscal years ended May 31 is as follows: 

Gross unrecognized benefits at May 31, 2014	$	14.4
Decreases related to prior year tax positions	(0.7		)
Increase related to prior year tax positions	—
Increases related to current year tax positions	3.6
Settlements during the period	—
Lapse of statute of limitation	—
Gross unrecognized benefits at May 31, 2015	$	17.3
Decreases related to prior year tax positions	(6.2		)
Increase related to prior year tax positions	4.3
Increases related to current year tax positions	5.4
Settlements during the period	(2.9		)
Lapse of statute of limitation	—
Gross unrecognized benefits at May 31, 2016	$	17.9
Decreases related to prior year tax positions	(6.3		)
Increase related to prior year tax positions	0.1
Increases related to current year tax positions	3.0
Settlements during the period	(0.6		)
Lapse of statute of limitation	—
Gross unrecognized benefits at May 31, 2017	$	14.1

X

- Definition

-- None. No documentation exists for this element. --

+ References

No definition available.

+ Details

Name:	schl_IncomeTaxAndNonIncomeTaxDisclosureTextBlockAbstract
Namespace Prefix:	schl_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration