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v3.19.1

Employee Benefit Plans (Tables) | 9 Months Ended
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Feb. 28, 2019
Retirement Benefits [Abstract] |
Schedule of Net Benefit Costs | The following table sets forth the components of net periodic benefit (cost) for the periods indicated under the Company’s terminated 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 postretirement benefits, consisting of certain healthcare and life insurance benefits provided by the Company to its eligible retired United States-based employees (the “Postretirement Benefits”).
| U.S. Pension Plan |  | UK Pension Plan |  | Postretirement Benefits
| Three months ended February 28, |  | Three months ended February 28, |  | Three months ended February 28,
| 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
Components of net periodic (benefit) cost: |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.0 |  |  | $ | 0.0 |
Interest cost | — |  |  | 0.5 |  |  | 0.3 |  |  | 0.3 |  |  | 0.2 |  |  | 0.2 |
Expected return on assets | — |  |  | (1.1 | ) |  | (0.3 | ) |  | (0.3 | ) |  | — |  |  | — |
Net amortization of prior service credit | — |  |  | — |  |  | — |  |  | — |  |  | 0.0 |  |  | — |
Benefit cost of settlement event | — |  |  | 39.6 |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of (gains) losses | — |  |  | 0.3 |  |  | 0.2 |  |  | 0.3 |  |  | — |  |  | 0.0 |
Net periodic (benefit) cost | $ | — |  |  | $ | 39.3 |  |  | $ | 0.2 |  |  | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 0.2 |
| U.S. Pension Plan |  | UK Pension Plan |  | Postretirement Benefits
| Nine months ended February 28, |  | Nine months ended February 28, |  | Nine months ended February 28,
| 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
Components of net periodic (benefit) cost: |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.0 |  |  | $ | 0.0 |
Interest cost | — |  |  | 1.9 |  |  | 0.8 |  |  | 0.8 |  |  | 0.6 |  |  | 0.7 |
Expected return on assets | — |  |  | (4.0 | ) |  | (0.8 | ) |  | (0.8 | ) |  | — |  |  | — |
Net amortization of prior service credit | — |  |  | — |  |  | — |  |  | — |  |  | (0.1 | ) |  | — |
Benefit cost of settlement event | — |  |  | 55.0 |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of (gains) losses | — |  |  | 0.9 |  |  | 0.6 |  |  | 0.9 |  |  | — |  |  | 0.0 |
Net periodic (benefit) cost | $ | — |  |  | $ | 53.8 |  |  | $ | 0.6 |  |  | $ | 0.9 |  |  | $ | 0.5 |  |  | $ | 0.7 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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