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Employee Benefit Plans (Tables) | 3 Months Ended
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Aug. 31, 2024
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 defined benefit pension plan of Scholastic Ltd., an indirect subsidiary of Scholastic Corporation located in the United Kingdom (the “UK Pension Plan”), and the postretirement benefits plan, consisting of certain healthcare and life insurance benefits provided by the Company to its eligible retired United States-based employees (the “US Postretirement Benefits”), for the periods indicated:
| UK Pension Plan | US Postretirement Benefits
| Three months ended | Three months ended
| August 31, | August 31,
| 2024 | 2023 | 2024 | 2023
Components of net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |  |
Interest cost | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 0.1 |  |  | $ | 0.1 |  |
Expected return on assets |  | (0.3) |  |  |  | (0.3) |  |  |  | — |  |  |  | — |  |
Amortization of prior service (credit) loss |  | 0.0 |  |  |  | 0.0 |  |  |  | (0.2) |  |  |  | (0.2) |  |
Amortization of net actuarial (gain) loss |  | 0.3 |  |  |  | 0.3 |  |  |  | 0.0 |  |  |  | — |  |
Total | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | (0.1) |  |  | $ | (0.1) |  |

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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 -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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