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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Feb. 29, 2020
May 31, 2019
Feb. 28, 2019
Current Assets:      
Cash and cash equivalents $ 263.8 $ 334.1 $ 338.1
Accounts receivable, net 281.2 250.1 317.3
Inventories, net 307.7 323.7 356.8
Prepaid expenses and other current assets 88.5 52.7 84.8
Total current assets 941.2 960.6 1,097.0
Property, plant and equipment, net 579.1 577.7 574.9
Prepublication costs, net 70.8 70.2 65.3
Operating lease right-of-use assets, net 71.7    
Royalty advances, net 51.1 47.5 52.3
Goodwill 125.3 125.2 119.1
Noncurrent deferred income taxes 37.1 37.0 43.6
Other assets and deferred charges 72.1 60.3 70.9
Total noncurrent assets 1,007.2 917.9 926.1
Total assets 1,948.4 1,878.5 2,023.1
Current Liabilities:      
Lines of credit and current portion of long-term debt 9.7 7.3 11.0
Accounts payable 187.9 195.3 215.3
Accrued royalties 77.3 41.9 76.8
Deferred revenue 158.1 130.8 154.7
Other accrued expenses 170.9 164.8 236.2
Accrued income taxes 3.7 1.4 2.1
Operating lease liabilities 22.7    
Total current liabilities 630.3 541.5 696.1
Noncurrent Liabilities:      
Total long-term debt 6.4 0.0 0.0
Operating lease liabilities 52.0    
Other noncurrent liabilities 60.4 64.2 57.9
Total noncurrent liabilities 118.8 64.2 57.9
Commitments and Contingencies 0.0 0.0 0.0
Stockholders’ Equity:      
Preferred Stock, $1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none 0.0 0.0 0.0
Common Stock, value 0.4 0.4 0.4
Additional paid-in capital 621.9 620.8 619.4
Accumulated other comprehensive income (loss) (59.4) (59.7) (54.6)
Retained earnings 966.2 1,012.6 1,000.5
Treasury stock, at cost: 10.3, 9.5 and 9.3 shares, respectively (331.2) (302.6) (296.6)
Total stockholders’ equity of Scholastic Corporation 1,197.9 1,271.5 1,269.1
Noncontrolling interest 1.4 1.3 0.0
Total stockholders’ equity 1,199.3 1,272.8 1,269.1
Total liabilities and stockholders’ equity 1,948.4 1,878.5 2,023.1
Common Class A      
Stockholders’ Equity:      
Common Stock, value $ 0.0 $ 0.0 $ 0.0