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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Nov. 30, 2021
May 31, 2021
Nov. 30, 2020
Current Assets:      
Cash and cash equivalents $ 300.7 $ 366.5 $ 356.6
Accounts receivable, net 370.5 256.1 304.7
Inventories, net 279.3 269.7 306.5
Income tax receivable 12.6 88.8 91.9
Prepaid expenses and other current assets 64.4 47.2 51.4
Total current assets 1,027.5 1,028.3 1,111.1
Property, plant and equipment, net 535.8 556.9 567.6
Prepublication costs, net 60.6 65.7 68.1
Operating lease right-of-use assets, net 67.3 78.6 90.2
Royalty advances, net 52.1 43.8 43.5
Goodwill 125.7 126.3 125.6
Noncurrent deferred income taxes 25.3 25.4 19.8
Other assets and deferred charges 86.4 83.3 81.0
Total noncurrent assets 953.2 980.0 995.8
Total assets 1,980.7 2,008.3 2,106.9
Current Liabilities:      
Lines of credit and current portion of long-term debt 14.3 182.9 19.8
Accounts payable 180.5 138.0 165.5
Accrued royalties 63.6 45.5 60.1
Deferred revenue 192.3 99.1 150.7
Other accrued expenses 193.6 202.0 183.0
Accrued income taxes 4.6 3.0 3.1
Operating lease liabilities 22.8 25.0 24.4
Total current liabilities 671.7 695.5 606.6
Noncurrent Liabilities:      
Total long-term debt 0.0 7.3 175.0
Operating lease liabilities 55.4 67.4 71.6
Other noncurrent liabilities 43.6 55.8 65.8
Total noncurrent liabilities 99.0 130.5 312.4
Commitments and Contingencies (see Note 5) 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
Additional paid-in capital 625.1 626.5 624.3
Accumulated other comprehensive income (loss) (44.3) (34.7) (41.7)
Retained earnings 950.1 916.4 933.1
Treasury stock, at cost: 10.0, 10.2 and 10.3 shares, respectively (322.5) (327.8) (329.7)
Total stockholders’ equity of Scholastic Corporation 1,208.8 1,180.8 1,186.4
Noncontrolling interest 1.2 1.5 1.5
Total stockholders’ equity 1,210.0 1,182.3 1,187.9
Total liabilities and stockholders’ equity 1,980.7 2,008.3 2,106.9
Common Class A      
Stockholders’ Equity:      
Common Stock, value 0.0 0.0 0.0
Common Stock      
Stockholders’ Equity:      
Common Stock, value $ 0.4 $ 0.4 $ 0.4