Scholastic (SCHL) 10-Q 20 Dec 24 2025 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Nov. 30, 2024 shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Nov. 30, 2024
Entity File Number	000-19860
Entity Registrant Name	SCHOLASTIC CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3385513
Entity Address, Address Line One	557 Broadway,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10012
City Area Code	212
Local Phone Number	343-6100
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	SCHL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000866729
Current Fiscal Year End Date	--05-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	27,273,046
Common Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	828,100

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Income Statement [Abstract]
Revenues	$ 544.6	$ 562.6	$ 781.8	$ 791.1
Operating costs and expenses:
Cost of goods sold	228.6	234.1	356.9	364.1
Selling, general and administrative expenses	224.9	213.1	407	397.3
Depreciation and amortization	16.3	14.1	31.6	27.5
Asset impairments and write downs	0.1	0	0.1	0
Total operating costs and expenses	469.9	461.3	795.6	788.9
Operating income (loss)	74.7	101.3	(13.8)	2.2
Interest income (expense), net	(4.4)	0.4	(7.4)	1.8
Other components of net periodic benefit (cost)	(0.3)	(0.2)	(0.6)	(0.5)
Earnings (loss) before income taxes	70	101.5	(21.8)	3.5
Provision (benefit) for income taxes	21.2	24.6	(8.1)	0.8
Net income (loss)	$ 48.8	$ 76.9	(13.7)	2.7
Net income (loss) attributable to Scholastic Corporation			$ (13.7)	$ 2.7
Basic and diluted earnings (loss) per share of Class A and Common Stock
Basic (in Dollars per share)	$ 1.73	$ 2.51	$ (0.48)	$ 0.09
Diluted (in Dollars per share)	$ 1.71	$ 2.45	$ (0.48)	$ 0.09

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 48.8	$ 76.9	$ (13.7)	$ 2.7
Other comprehensive income (loss), net:
Foreign currency translation adjustments	(11.9)	0.2	(3.7)	2
Pension and postretirement adjustments (net of tax)	0.2	0.1	0.4	0.3
Other comprehensive income (loss)	(11.7)	0.3	(3.3)	2.3
Comprehensive income (loss)	$ 37.1	$ 77.2	$ (17)	$ 5

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Nov. 30, 2024	May 31, 2024	Nov. 30, 2023
Current Assets:
Cash and cash equivalents	$ 139.6	$ 113.7	$ 149.5
Accounts receivable, net	293	235	311.8
Inventories, net	282	264.2	302.3
Income tax receivable	26	15.2	11.6
Prepaid expenses and other current assets	70.9	48.8	65.4
Total current assets	811.5	676.9	840.6
Noncurrent Assets:
Property, plant and equipment, net	522.7	511.9	523.6
Prepublication costs, net	48.3	49.5	55.2
Investment in film and television programs, net	37.9	0	0
Operating lease right-of-use assets, net	100.4	99.1	97.3
Royalty advances, net	71.4	57.8	55.4
Goodwill	202.2	132.8	132.8
Other intangible assets, net	88.6	10.3	14.5
Noncurrent deferred income taxes	22.9	23.1	20.9
Other assets and deferred charges	130.9	109.8	93.2
Total noncurrent assets	1,225.3	994.3	992.9
Total assets	2,036.8	1,671.2	1,833.5
Current Liabilities:
Lines of credit and current portion of long-term debt	6.2	6	6.3
Film related obligations	8.3	0	0
Accounts payable	157.2	138.5	159.5
Accrued royalties	67.3	48.5	57.5
Deferred revenue	225	161.1	225
Other accrued expenses	163.2	156.3	162.5
Accrued income taxes	2.6	1.9	2.5
Operating lease liabilities	26	22.4	23.4
Total current liabilities	655.8	534.7	636.7
Noncurrent Liabilities:
Total long-term debt	250	0	0
Operating lease liabilities	85.6	89.2	84.1
Film related obligations	13.3	0	0
Other noncurrent liabilities	46.1	29.2	33.6
Total noncurrent liabilities	395	118.4	117.7
Commitments and Contingencies (see Note 5)	0	0	0
Stockholders’ Equity:
Preferred Stock, $1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none	0	0	0
Additional paid-in capital	603.5	604.6	630.8
Accumulated other comprehensive income (loss)	(55.8)	(52.5)	(53.5)
Retained earnings	998.7	1,023.7	1,026
Treasury stock, at cost: 15.6, 15.5 and 14.7 shares, respectively	(560.8)	(558.1)	(524.6)
Total stockholders’ equity	986	1,018.1	1,079.1
Total liabilities and stockholders’ equity	2,036.8	1,671.2	1,833.5
Common Class A
Stockholders’ Equity:
Common Stock, value	0	0	0
Common Class
Stockholders’ Equity:
Common Stock, value	$ 0.4	$ 0.4	$ 0.4

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Nov. 30, 2024	May 31, 2024	Nov. 30, 2023
Preferred stock at par value per share (in dollars per share)	$ 1	$ 1	$ 1
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0	0
Preferred stock, shares outstanding (in shares)	0	0	0
Common Stock, par value per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	70,000,000	70,000,000	70,000,000
Common stock, shares issued (in shares)	42,900,000	42,900,000	42,900,000
Common stock, shares outstanding (in shares)	27,300,000	27,400,000	28,200,000
Treasury stock (in shares)	15,600,000	15,500,000	14,700,000
Common Class A
Common Stock, par value per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	3,200,000	3,200,000	4,000,000
Common stock, shares issued (in shares)	800,000	800,000	1,700,000
Common stock, shares outstanding (in shares)	800,000	800,000	1,700,000

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY Statement - USD ($) shares in Millions, $ in Millions	Total	Common Class A	Common Class	Common Class Common Class A	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Treasury Stock At Cost	Total Stockholders' Equity of Scholastic Corporation	Noncontrolling Interest
Beginning balance at May. 31, 2023	$ 1,164.5		$ 0.4	$ 0	$ 632.2	$ (55.8)	$ 1,035.6	$ (449.5)	$ 1,162.9	$ 1.6
Balance (in shares) at Aug. 31, 2023			29.3	1.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(74.2)						(74.2)		(74.2)
Foreign currency translation adjustments	1.8					1.8			1.8
Pension and post-retirement adjustments (net of tax of $0.0)	0.2					0.2			0.2
Stock-based compensation	2.3				2.3				2.3
Proceeds pursuant to stock-based compensation plans	3				3				3
Purchases of treasury stock at cost (in shares)			(0.8)
Purchases of treasury stock at cost	(36.2)							(36.2)	(36.2)
Treasury stock issued pursuant to equity-based plans (in shares)			0.1
Treasury stock issued pursuant to equity-based plans	1.6				(4.3)			5.9	1.6
Dividends	(6.3)						(6.3)		(6.3)
Stockholders' Equity, Other	(2.1)				(0.5)				(0.5)	(1.6)
Ending Balance at Aug. 31, 2023	$ 1,054.6		$ 0.4	$ 0	632.7	(53.8)	955.1	(479.8)	1,054.6	0
Balance (in shares) at May. 31, 2023			30	1.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per class A and common share (in Dollars per share)	$ 0.20
Beginning balance at May. 31, 2023	$ 1,164.5		$ 0.4	$ 0	632.2	(55.8)	1,035.6	(449.5)	1,162.9	1.6
Balance (in shares) at Nov. 30, 2023			28.2	1.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	2.7
Foreign currency translation adjustments	2
Ending Balance at Nov. 30, 2023	1,079.1		$ 0.4	$ 0	630.8	(53.5)	1,026	(524.6)	1,079.1	0
Balance (in shares) at May. 31, 2023			30	1.7
Beginning balance at Aug. 31, 2023	1,054.6		$ 0.4	$ 0	632.7	(53.8)	955.1	(479.8)	1,054.6	0
Balance (in shares) at Nov. 30, 2023			28.2	1.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	76.9						76.9		76.9
Foreign currency translation adjustments	0.2					0.2			0.2
Pension and post-retirement adjustments (net of tax of $0.0)	0.1					0.1			0.1
Stock-based compensation	4.1				4.1				4.1
Proceeds pursuant to stock-based compensation plans	0.6				0.6				0.6
Purchases of treasury stock at cost (in shares)			(1.4)
Purchases of treasury stock at cost	(52.3)							(52.3)	(52.3)
Treasury stock issued pursuant to equity-based plans (in shares)			0.3
Treasury stock issued pursuant to equity-based plans	0.9				(6.6)			7.5	0.9
Dividends	(6)						(6)		(6)
Ending Balance at Nov. 30, 2023	1,079.1		$ 0.4	$ 0	630.8	(53.5)	1,026	(524.6)	1,079.1	0
Balance (in shares) at Aug. 31, 2023			29.3	1.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per class A and common share (in Dollars per share)		$ 0.20
Beginning balance at May. 31, 2024	1,018.1		$ 0.4	$ 0	604.6	(52.5)	1,023.7	(558.1)	1,018.1	0
Balance (in shares) at Aug. 31, 2024			27.3	0.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(62.5)						(62.5)		(62.5)
Foreign currency translation adjustments	8.2					8.2			8.2
Pension and post-retirement adjustments (net of tax of $0.0)	0.2					0.2			0.2
Stock-based compensation	2.2				2.2				2.2
Proceeds pursuant to stock-based compensation plans	0.1				0.1				0.1
Purchases of treasury stock at cost (in shares)			(0.2)
Purchases of treasury stock at cost	(5)							(5)	(5)
Treasury stock issued pursuant to equity-based plans (in shares)			0.1
Treasury stock issued pursuant to equity-based plans	1.6				(0.6)			2.2	1.6
Dividends	(5.6)						(5.6)		(5.6)
Ending Balance at Aug. 31, 2024	$ 957.3		$ 0.4	$ 0	606.3	(44.1)	955.6	(560.9)	957.3	0
Balance (in shares) at May. 31, 2024			27.4	0.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per class A and common share (in Dollars per share)	$ 0.20
Beginning balance at May. 31, 2024	$ 1,018.1		$ 0.4	$ 0	604.6	(52.5)	1,023.7	(558.1)	1,018.1	0
Balance (in shares) at Nov. 30, 2024			27.3	0.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(13.7)
Foreign currency translation adjustments	(3.7)
Purchases of treasury stock at cost	(10)
Ending Balance at Nov. 30, 2024	986		$ 0.4	$ 0	603.5	(55.8)	998.7	(560.8)	986	0
Balance (in shares) at May. 31, 2024			27.4	0.8
Beginning balance at Aug. 31, 2024	957.3		$ 0.4	$ 0	606.3	(44.1)	955.6	(560.9)	957.3	0
Balance (in shares) at Nov. 30, 2024			27.3	0.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	48.8						48.8		48.8
Foreign currency translation adjustments	(11.9)					(11.9)			(11.9)
Pension and post-retirement adjustments (net of tax of $0.0)	0.2					0.2			0.2
Stock-based compensation	2.1				2.1				2.1
Proceeds pursuant to stock-based compensation plans	(0.5)				(0.5)				(0.5)
Purchases of treasury stock at cost (in shares)			(0.1)
Purchases of treasury stock at cost	(5)							(5)	(5)
Treasury stock issued pursuant to equity-based plans (in shares)			0.1
Treasury stock issued pursuant to equity-based plans	0.7				(4.4)			5.1	0.7
Dividends	(5.7)						(5.7)		(5.7)
Ending Balance at Nov. 30, 2024	$ 986		$ 0.4	$ 0	$ 603.5	$ (55.8)	$ 998.7	$ (560.8)	$ 986	$ 0
Balance (in shares) at Aug. 31, 2024			27.3	0.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per class A and common share (in Dollars per share)		$ 0.20

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2024	Aug. 31, 2024	Nov. 30, 2023	Aug. 31, 2023
Statement of Stockholders' Equity [Abstract]
Pension and postretirement adjustments, tax portion	$ 0	$ 0.1	$ 0	$ 0.1
Dividends declared per class A and common share (in Dollars per share)		$ 0.20		$ 0.20

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Cash flows - operating activities:
Net income (loss) attributable to Scholastic Corporation	$ (13.7)	$ 2.7
Adjustments to reconcile Net income (loss) to net cash provided by (used in) operating activities:
Provision for losses on accounts receivable	3	3.1
Provision for losses on inventory	9.6	11.8
Provision for losses on royalty advances	1.6	1.5
Amortization of prepublication costs	11	13.3
Amortization of production costs	6.4	0
Depreciation and amortization	37.9	32.1
Amortization of pension and postretirement plans	0.3	0.2
Deferred income taxes	0.2	0.3
Stock-based compensation	4.3	6.4
Income from equity-method investments	(0.8)	(0.3)
Changes in assets and liabilities, net of amounts acquired:
Accounts receivable	(46.3)	(36.3)
Inventories	(28.3)	21.2
Prepaid expenses and other current assets	(15.1)	(18.3)
Investment in film and television programs, net	(5.8)	0
Income tax receivable	(10.3)	(2.7)
Royalty advances	(15.4)	0
Accounts payable	16.6	(11.3)
Accrued income taxes	0.7	(10.8)
Accrued royalties	12.4	4.6
Deferred revenue	53.4	55.8
Other accrued expenses	(4.2)	(9.3)
Other, net	11.8	7.6
Net cash provided by (used in) operating activities	29.3	71.6
Cash flows - investing activities:
Prepublication expenditures	(10.1)	(11.7)
Additions to property, plant and equipment	(30.9)	(29.1)
Acquisitions, net of cash acquired	(176.2)	(6.2)
Purchase of noncontrolling interest	0	(2.1)
Net cash provided by (used in) investing activities	(217.2)	(49.1)
Cash flows - financing activities:
Borrowings under lines of credit, credit agreement and revolving loan	251.5	27.1
Repayments of lines of credit, credit agreement and revolving loan	(1.3)	(26.8)
Borrowings under film related obligations	8.7	0
Repayments of film related obligations	(23.3)	0
Repayment of capital lease obligations	(0.9)	(1.2)
Reacquisition of common stock	(10)	(90.2)
Proceeds pursuant to stock-based compensation plans	1.1	6.1
Payment of dividends	(11.3)	(12.8)
Net cash provided by (used in) financing activities	214.5	(97.8)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(0.7)	0.3
Net increase (decrease) in cash and cash equivalents	25.9	(75)
Cash and cash equivalents at beginning of period	113.7	224.5
Cash and cash equivalents at end of period	$ 139.6	$ 149.5

Basis of Presentation

Basis of Presentation	6 Months Ended
	Nov. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION Principles of consolidation The accompanying condensed consolidated interim financial statements (referred to as the “Financial Statements” herein) include the accounts of Scholastic Corporation (the “Corporation”) and all wholly-owned and majority-owned subsidiaries (collectively, “Scholastic” or the “Company”). The Company reviews its relationships with other entities to identify whether it is the primary beneficiary of a variable interest entity (“VIE”). If the determination is made that the Company is the primary beneficiary, then the entity is consolidated. Intercompany transactions are eliminated in consolidation. The Company’s fiscal year is not a calendar year. Accordingly, references in this document to fiscal 2025 relate to the twelve-month period ending May 31, 2025. Noncontrolling Interest On June 1, 2023, the Company acquired the remaining shares of Make Believe Ideas Limited ("MBI"), a UK-based children's book publishing company, which represented a 5.0% noncontrolling interest, increasing the Company's total ownership from 95.0% to 100%. Prior to June 1, 2023, the founder and chief executive officer of MBI retained a 5.0% noncontrolling ownership interest in MBI. The Company fully consolidated MBI as of the acquisition date and the 5.0% noncontrolling interest was classified within stockholder's equity. Interim Financial Statements The accompanying Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and Article 10 of Regulation S-X of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information, and should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2024. The Financial Statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, the Financial Statements reflect all adjustments, consisting solely of normal, recurring adjustments, necessary for the fair presentation of the Financial Statements for the periods presented. Seasonality The Company’s Children’s Book Publishing and Distribution school-based book club and book fair channels and most of its Education Solutions businesses operate on a school-year basis; therefore, the Company’s business is highly seasonal. As a result, the Company’s revenues in the first and third quarters of the fiscal year generally are lower than its revenues in the other two fiscal quarters. Typically, school-based channels and magazine revenues are minimal in the first quarter of the fiscal year as schools are not in session. Education channel revenues are generally higher in the fourth quarter. Trade channel and Entertainment segment revenues can vary throughout the year due to the timing of published titles' release dates and program production deliveries and the start dates of distribution license agreements. Use of estimates The preparation of these Financial Statements involves the use of estimates and assumptions by management, which affects the amounts reported in the Financial Statements and accompanying notes. The Company bases its estimates on historical experience, current business factors, and various other assumptions believed to be reasonable under the circumstances, all of which are necessary, in order to form a basis for determining the carrying values of certain assets and liabilities. Actual results may differ from those estimates and assumptions. On an on-going basis, the Company evaluates the adequacy of its reserves and the estimates used in these calculations, including, but not limited to: • Accounts receivable allowance for credit losses • Pension and postretirement benefit plans • Uncertain tax positions • The timing and amount of future income taxes and related deductions • Inventory reserves • Cost of goods sold from book fair operations during interim periods based on estimated gross profit rates • Sales tax contingencies • Royalty advance reserves and royalty expense accruals • Expected economic useful life of film and television program assets • Impairment testing for goodwill, other intangibles and other long-lived assets and investments • Assets and liabilities acquired in business combinations • Variable consideration related to anticipated returns • Allocation of transaction price to contractual performance obligations Summary of Significant Accounting Policies In Notes to Consolidated Financial Statements of the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2024 the Company included a description of its significant accounting policies. Except as set forth below, as of the date of this Quarterly Report on Form 10-Q there have been no material changes to the significant accounting policies described in the Company’s Annual Report for the fiscal year ended May 31, 2024 The below significant accounting policies relate to the Company's entertainment business, which includes the operations of 9 Story Media Group Inc. ("9 Story") and Scholastic Entertainment Inc. ("SEI"). Refer to Note 7, "Acquisitions" for further details regarding the acquisition of 9 Story. Revenue recognition The Company’s revenue recognition policies for its entertainment business include the following: Film and TV production - Revenue is deferred during production and recognized when the film or episodes have been delivered and are available for showing or exploitation. Production services - Revenue is recognized using the percentage-of-completion method based on the proportion of costs incurred in the current period to total expected costs. Licensing - Revenue from the sale or granting of broadcast license rights to third parties is recognized when the licensed content is available to the customer and the customer has the contractual right to broadcast or stream the content. Royalty income - Revenue from sales and usage-based royalties related to licenses is generally recognized when the subsequent sale or usage occurs. Investment in film and television programs Investments in film and television programs are stated at the lower of cost or net realizable value. Investment in film and television programs includes all direct production and financing costs incurred during production and minimum guarantee payments made to acquire distribution rights. Interest costs are capitalized to the cost of the film or television program until substantially all of the activities required for delivery are complete. Investments in film and television programs are amortized using the declining-balance method with rates ranging from 50% to 90% at the time of initial episodic delivery and at rates ranging from 10% to 25% annually thereafter. The determination of the rates is based on the expected economic useful life of the film or television program and includes factors such as rights retained by the Company, the availability of rights to renew licenses for episodic television programs in various territories, and the availability of secondary market revenue. The Company regularly reviews the recoverability of these capitalized costs based on expected future cash flows. Government financing and assistance The Company has access to government programs and tax credits that are designed to assist film, television and digital media production and distribution. Amounts received and amounts receivable which relate to the Company's film and television program assets are recorded as a reduction in the production costs of the related asset. New Accounting Pronouncements In November 2024, Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) - Disaggregation of Income Statement Expenses." This ASU improves financial reporting by requiring that public business entities disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. This ASU is effective for the Company's fiscal year 2028, and interim periods starting in fiscal year 2029. Early adoption is permitted. The amendments in this ASU are to be applied retrospectively to all prior periods presented in the financial statements. The Company is currently assessing the impact of the disclosure requirements on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740)." The amendments in this update enhance the transparency and decision usefulness of income tax disclosures to provide information to better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. The amendments in this ASU require more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This ASU is effective for the Company's fiscal year 2026. Early adoption is permitted. The amendments are to be applied prospectively, but may be applied retrospectively to all prior periods presented in the financial statements. The Company is currently assessing the impact of the disclosure requirements on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures.” This ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This ASU is effective for the Company's fiscal year 2025, and interim periods starting in fiscal year 2026. Early adoption is permitted. The amendments in this ASU are to be applied retrospectively to all prior periods presented in the financial statements. The Company is currently assessing the impact of the disclosure requirements on its consolidated financial statements. Refer to the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2024 for more information on current applicable authoritative guidance and its impact on the Company's financial statements.

Revenues

Revenues	6 Months Ended
	Nov. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues	REVENUES Disaggregated Revenue Data The following table presents the Company’s segment revenues disaggregated by region and domestic channel: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Book Clubs - U.S. $ 33.2 $ 32.4 $ 35.9 $ 35.0 Book Fairs - U.S. 231.0 242.1 259.8 269.4 Trade - U.S. (1) 91.0 100.6 149.2 162.7 Trade - International (2) 11.8 17.3 27.5 27.7 Total Children's Book Publishing and Distribution $ 367.0 $ 392.4 $ 472.4 $ 494.8 Education Solutions - U.S. $ 71.2 $ 81.0 $ 126.9 $ 147.0 Total Education Solutions $ 71.2 $ 81.0 $ 126.9 $ 147.0 Entertainment - U.S. $ 1.3 $ 0.4 $ 2.9 $ 0.8 Entertainment - International (3) 15.5 — 30.5 — Total Entertainment (1) $ 16.8 $ 0.4 $ 33.4 $ 0.8 International - Major Markets (4) $ 75.6 $ 75.4 $ 123.7 $ 123.2 International - Other Markets (5) 11.1 11.1 19.8 20.5 Total International $ 86.7 $ 86.5 $ 143.5 $ 143.7 Overhead (6) $ 2.9 $ 2.3 $ 5.6 $ 4.8 Total Overhead $ 2.9 $ 2.3 $ 5.6 $ 4.8 Total $ 544.6 $ 562.6 $ 781.8 $ 791.1 (1) The newly formed Entertainment segment includes the operations of SEI, which were included in the Children’s Book Publishing and Distribution segment in prior periods, and 9 Story. The financial results for SEI for the three and six months ended November 30, 2023 have been reclassified to Entertainment to reflect this change. (2) Primarily includes foreign rights and certain product sales in the UK. (3) Primarily includes production, distribution and licensing revenues in Canada, Ireland and Indonesia. (4) Includes Canada, UK, Australia and New Zealand. (5) Primarily includes markets in Asia. (6) Overhead includes rental income related to leased space in the Company's headquarters. Estimated Returns A liability for expected returns of $34.8, $33.1, and $37.7 is recorded within Other accrued expenses as of November 30, 2024, May 31, 2024, and November 30, 2023, respectively. In addition, a return asset of $4.0, $4.2, and $5.4 is recorded within Prepaid expenses and other current assets as of November 30, 2024, May 31, 2024, and November 30, 2023, respectively, for the recoverable cost of product estimated to be returned by customers. Contract Liabilities The following table presents further detail regarding the Company's contract liabilities as of the dates indicated: November 30, 2024 May 31, 2024 November 30, 2023 Book fairs incentive credits $ 120.8 $ 114.2 $ 114.1 Magazines+ subscriptions 48.3 4.6 53.3 U.S. digital subscriptions 17.9 15.6 24.6 U.S. education-related (1) 9.5 10.1 10.6 Media-related 7.7 0.0 0.2 Stored value cards 21.0 16.7 24.1 Other (2) 5.7 6.4 7.6 Total contract liabilities $ 230.9 $ 167.6 $ 234.5 (1) Primarily includes contract liabilities related to contracts with school districts and professional services. (2) Primarily includes contract liabilities related to various international products and services. The Company's contract liabilities consist of advance billings and payments received from customers in excess of revenue recognized and revenue allocated to outstanding book fairs incentive credits. Contract liabilities of $225.0, $161.1 and $225.0 as of November 30, 2024, May 31, 2024 and November 30, 2023, respectively, are recorded within Deferred revenue on the Company's Condensed Consolidated Balance Sheets and are classified as short term, as substantially all of the associated performance obligations are expected to be satisfied, and related revenue recognized, within one year. The remaining $5.9, $6.5 and $9.5 of contract liabilities as of November 30, 2024, May 31, 2024 and November 30, 2023, respectively, are recorded within Other noncurrent liabilities on the Company's Condensed Consolidated Balance Sheet as the associated performance obligations are expected to be satisfied, and related revenue recognized, in excess of one year. The Company recognized revenue which was included in the opening Deferred revenue balance in the amount of $41.9 and $71.1 for the three and six months ended November 30, 2024, respectively, and $48.4 and $80.7 for the three and six months ended November 30, 2023, respectively. Allowance for Credit Losses The Company recognizes an allowance for credit losses on customer receivables that are expected to be incurred over the lifetime of the receivable. Reserves for estimated credit losses are established at the time of sale and are based on relevant information about past events, current conditions, and supportable forecasts impacting its ultimate collectability, including specific reserves on a customer-by-customer basis, creditworthiness of the Company’s customers and prior collection experience. The Company reviews new information as it becomes available and makes adjustments to the reserves accordingly. At the time the Company determines that a receivable balance, or any portion thereof, is deemed to be permanently uncollectible, the balance is then written off. The following table presents the change in the allowance for credit losses, which is included in Accounts Receivable, net on the Condensed Consolidated Balance Sheets: Allowance for Credit Losses Balance as of June 1, 2024 $ 14.9 Provision (benefit) 0.9 Write-offs and other (0.4) Balance as of August 31, 2024 $ 15.4 Provision (benefit) 2.1 Write-offs and other (2.6) Balance as of November 30, 2024 $ 14.9

Segment Information

Segment Information	6 Months Ended
	Nov. 30, 2024
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The Company categorizes its businesses into four reportable segments: Children’s Book Publishing and Distribution, Education Solutions, Entertainment and International . • Children’s Book Publishing and Distribution operates as an integrated business which includes the publication and distribution of children’s books, ebooks, media and interactive products primarily in the United States through its school reading events business, which includes the book clubs and book fairs channels, and through the trade channel. This segment is comprised of two operating segments. • Education Solutions includes the publication and distribution to schools and libraries of children’s books, classroom magazines, print and digital supplemental and core classroom materials and related support services, and print and online reference and non-fiction products for grades pre-kindergarten to 12 in the United States. This segment is comprised of one operating segment. • Entertainment includes the development, production, distribution and licensing of children and family film and television content. This segment is comprised of one operating segment. • International includes the publication and distribution of products and services outside the United States by the Company’s international operations and its export businesses. This segment is comprised of three operating segments. The following table sets forth the Company's revenue and operating income (loss) by segment for the periods indicated: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Revenues Children's Book Publishing and Distribution (1) $ 367.0 $ 392.4 $ 472.4 $ 494.8 Education Solutions 71.2 81.0 126.9 147.0 Entertainment (1) 16.8 0.4 33.4 0.8 International 86.7 86.5 143.5 143.7 Overhead (2) 2.9 2.3 5.6 4.8 Total $ 544.6 $ 562.6 $ 781.8 $ 791.1 Operating income (loss) Children's Book Publishing and Distribution (1) $ 102.1 $ 111.6 $ 65.5 $ 70.6 Education Solutions (0.5) 5.8 (17.5) (12.9) Entertainment (1) (4.7) (0.8) (5.2) (1.3) International 5.7 8.0 (2.6) (0.2) Overhead (2) (27.9) (23.3) (54.0) (54.0) Total $ 74.7 $ 101.3 $ (13.8) $ 2.2 (1) The newly formed Entertainment segment includes the operations of SEI, which were included in the Children’s Book Publishing and Distribution segment in prior periods, and 9 Story. The financial results for SEI for the three and six months ended November 30, 2023 have been reclassified to Entertainment to reflect this change. (2) Overhead includes all domestic corporate amounts not allocated to segments, including expenses and costs related to the management of corporate assets and rental income related to leased space in the Company's headquarters.

Debt

Debt	6 Months Ended
	Nov. 30, 2024
Debt Disclosure [Abstract]
Debt	DEBT The following table summarizes the carrying value of the Company's debt, excluding film related obligations, as of the dates indicated: November 30, 2024 May 31, 2024 November 30, 2023 US Revolving Credit Agreement $ 250.0 $ — $ — Unsecured lines of credit 6.2 6.0 6.3 Total debt $ 256.2 $ 6.0 $ 6.3 Less lines of credit, short-term debt and current portion of long-term debt (6.2) (6.0) (6.3) Total long-term debt $ 250.0 $ — $ — The following table sets forth the maturities of the carrying values of the Company's debt obligations, excluding film related obligations, as of November 30, 2024 for the twelve month periods ended November 30: 2025 $ 6.2 2026 — 2027 — 2028 — 2029 250.0 Thereafter — Total Debt $ 256.2 US Revolving Credit Agreement On November 26, 2024, Scholastic Corporation and its principal operating subsidiary, Scholastic Inc., entered into a Third Amendment to Amended and Restated Credit Agreement (the “Amendment”) with a syndicate of banks and Bank of America, N.A., as administrative agent, and Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents (as amended by the Third Amendment, the “Credit Agreement”). The arrangement was accounted for as a debt modification. The revised terms of the amended Credit Agreement include the following: • an increase in borrowing limits to $400.0 from $300.0, as amended on October 27, 2021; • an increase in the interest pricing margins for SOFR loans to a range of 1.625% to 1.875% from a range of 1.35% to 1.75% and for Base Rate loans to a range of 0.625% to 0.875% from a range of 0.35% to 0.75%; • the elimination of the credit spread adjustment of 0.10% applicable to Term SOFR loans; and • the extension of the maturity date to November 26, 2029. The Credit Agreement provides for a $400.0 unsecured revolving credit facility and allows the Company to borrow, repay or prepay and reborrow at any time prior to the November 26, 2029 maturity date. The Credit Agreement also provides an unlimited basket for permitted payments of dividends and other distributions in respect of capital stock so long as the Corporation’s pro forma Consolidated Net Leverage Ratio, as defined, is not in excess of 2.75:1. Under the Credit Agreement, interest on (i) Base Rate Advances (as defined in the Credit Agreement) is due and payable in arrears quarterly on the last day of each February, May, August and November, and (ii) Term SOFR Advances (as defined in the Credit Agreement) is due and payable in arrears on the last day of the interest period (defined as the period commencing on the date of the advance and ending on the last day of the period selected by the Borrowers at the time each advance is made). The interest pricing under the Credit Agreement is dependent upon the Company’s election of a rate that is either: • a Base Rate Advance equal to the higher of (i) the prime rate, (ii) the prevailing Federal Funds rate plus 0.50% or (iii) the Term SOFR Rate plus 1.00% plus, in each case, an applicable margin ranging from 0.625% to 0.875%, as determined by the Company’s prevailing Consolidated Net Leverage Ratio (as defined in the Credit Agreement); - or - • a Term SOFR Advance equal to the Term SOFR rate plus an applicable margin ranging from 1.625% to 1.875%, as determined by the Company’s prevailing Consolidated Net Leverage Ratio. As of November 30, 2024, the applicable margin on Base Rate Advances was 0.625% and the applicable margin on SOFR Advances was 1.625%. The Credit Agreement provides for payment of a commitment fee in respect of the aggregate unused amount of revolving credit commitments ranging from 0.20% to 0.30% per annum based upon the Corporation’s then prevailing Consolidated Net Leverage Ratio. As of November 30, 2024, the commitment fee rate was 0.20%. A portion of the revolving credit facility, up to a maximum of $50.0, is available for the issuance of letters of credit. In addition, a portion of the revolving credit facility, up to a maximum of $15.0, is available for swingline loans. The Credit Agreement has an accordion feature which permits the Company, provided certain conditions are satisfied, to increase the facility by up to an additional $150.0. As of November 30, 2024, the Company had outstanding borrowings of $250.0 under the Credit Agreement at a weighted average interest rate of 6.8%. While this obligation is not due until the November 26, 2029 maturity date, the Company may, from time to time, make payments to reduce this obligation when cash from operations becomes available for this purpose. No borrowings were outstanding under the Credit Agreement as of November 30, 2023. The Credit Agreement contains certain financial covenants related to leverage and interest coverage ratios (as defined in the Credit Agreement), limitations on the amount of dividends and other distributions, and other limitations on fundamental changes to the Company or its business. The Company was in compliance with required covenants for all periods presented. At November 30, 2024, the Company had open standby letters of credit totaling $4.0 issued under certain credit lines, including $0.4 under the Credit Agreement and $3.6 under the domestic credit lines discussed below. Unsecured Lines of Credit As of November 30, 2024, the Company’s domestic credit lines available under unsecured money market bid rate credit lines totaled $10.0. There were no outstanding borrowings under these credit lines as of November 30, 2024, May 31, 2024 and November 30, 2023. As of November 30, 2024, availability under these unsecured money market bid rate credit lines totaled $6.4, excluding commitments of $3.6. All loans made under these credit lines are at the sole discretion of the lender and at an interest rate and term agreed to at the time each loan is made, but not to exceed 365 days. These credit lines may be renewed, if requested by the Company, at the option of the lender. As of November 30, 2024, the Company had various local currency international credit lines totaling $16.9 underwritten by banks primarily in the United States and the United Kingdom. Outstanding borrowings under these facilities were $6.2 at November 30, 2024 at a weighted average interest rate of 4.2%, compared to outstanding borrowings of $6.0 at May 31, 2024 at a weighted average interest rate of 4.5%, and $6.3 at November 30, 2023 at a weighted average interest rate of 3.9%. As of November 30, 2024, the amounts available under these facilities totaled $10.7. These credit lines are typically available for overdraft borrowings or loans up to 364 days and may be renewed, if requested by the Company, at the sole option of the lender. Film Related Obligations The Company's entertainment business enters into credit facilities with third-party banks to obtain interim financing for certain productions. The interim production credit facilities are secured by an assignment and direction of specific production financing including tax credits and license contract receivables and have varying maturity dates between December 31, 2024 and June 30, 2028. Interest is charged at rates ranging from the bank prime rate plus 0.75% for Canadian dollar loans, SOFR plus 3.0% or U.S. Base Rate plus 0.75% for U.S. dollar loans and Euribor plus 2.0% for Euro loans. As of November 30, 2024, outstanding borrowings under these facilities were $21.6 at a weighted average interest rate of 6.9%, of which $8.3 were classified as current obligations.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Nov. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Legal Matters Various claims and lawsuits arising in the normal course of business are pending against the Company. The Company accrues a liability for such matters when it is probable that a liability has occurred and the amount of such liability can be reasonably estimated. When only a range can be estimated, the most probable amount in the range is accrued unless no amount within the range is a better estimate than any other amount, in which case the minimum amount in the range is accrued. Legal costs associated with litigation are expensed in the period in which they are incurred. The Company does not expect, in the case of those various claims and lawsuits arising in the normal course of business where a loss is considered probable or reasonably possible, that the reasonably possible losses from such claims and lawsuits (either individually or in the aggregate) would have a material adverse effect on the Company’s consolidated financial position or results of operations. The Company expects to receive additional recoveries from its insurance programs related to an intellectual property legal settlement accrued during fiscal 2021, however, it is premature to determine with any level of probability or accuracy the amount of those recoveries at this time.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Nov. 30, 2024
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	EARNINGS (LOSS) PER SHARE The following table summarizes the reconciliation of the numerators and denominators for the basic and diluted earnings (loss) per share computation for the periods indicated: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Net income (loss) attributable to Class A and Common Stockholders $ 48.8 $ 76.9 $ (13.7) $ 2.7 Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions) 28.2 30.7 28.3 31.2 Dilutive effect of Common Stock potentially issuable pursuant to stock-based compensation plans (in millions)* 0.4 0.7 — 0.8 Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions) 28.6 31.4 28.3 32.0 Earnings (loss) per share of Class A Stock and Common Stock: Basic $ 1.73 $ 2.51 $ (0.48) $ 0.09 Diluted $ 1.71 $ 2.45 $ (0.48) $ 0.09 Anti-dilutive shares pursuant to stock-based compensation plans* 1.8 1.1 — 0.7 * The Company experienced a net loss for the six months ended November 30, 2024 and therefore did not report any dilutive share impact. The following potential common shares were excluded from the loss per diluted share computation: outstanding options and restricted stock units of 2.8 million and 0.4 million, respectively. The following table sets forth options outstanding pursuant to stock-based compensation plans as of the dates indicated: November 30, 2024 November 30, 2023 Options outstanding pursuant to stock-based compensation plans (in millions) 2.8 3.1

Goodwill and Other Intangibles

Goodwill and Other Intangibles	6 Months Ended
	Nov. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	GOODWILL AND OTHER INTANGIBLES The Company assesses goodwill and other intangible assets with indefinite lives for impairment annually or more frequently if indicators arise. The Company monitors impairment indicators in light of changes in market conditions, near and long-term demand for the Company’s products and other relevant factors. The following table summarizes the activity in Goodwill for the periods indicated: November 30, 2024 May 31, 2024 November 30, 2023 Gross beginning balance $ 172.4 $ 172.3 $ 172.3 Accumulated impairment (39.6) (39.6) (39.6) Beginning balance $ 132.8 $ 132.7 $ 132.7 Additions 70.1 — — Measurement period adjustments (1) 0.9 — — Foreign currency translation (1.6) 0.1 0.1 Ending balance $ 202.2 $ 132.8 $ 132.8 (1) Measurement period adjustments for the 9 Story acquisition reflect an increase to goodwill of $0.9 resulting from a net decrease in the estimated fair value of the net assets acquired. The decrease in the estimated fair value of the net assets acquired consisted of an increase to deferred tax liabilities of $1.4, an increase to operating lease right-of-use assets of $0.3, a decrease to lease liabilities of $0.1, and a decrease to the purchase price as a result of a working capital adjustment of $0.1. In fiscal 2025, the Company completed the 9 Story acquisition which resulted in the recognition of $71.0 of Goodwill, net of measurement period adjustments, included in the Entertainment segment. Refer to Note 7, "Acquisitions", for further details regarding the acquisition. There were no impairment charges related to Goodwill in any of the periods presented. The following table summarizes the activity in Other intangible assets for the periods indicated: November 30, 2024 May 31, 2024 November 30, 2023 Beginning balance - Other intangibles subject to amortization $ 8.2 $ 7.8 $ 7.8 Additions 85.3 6.0 5.8 Amortization expense (5.4) (2.6) (1.2) Foreign currency translation (1.6) 0.1 0.0 Impairments — (3.1) — Total other intangibles subject to amortization, net of accumulated amortization of $44.5, $39.1 and $37.7, respectively $ 86.5 $ 8.2 $ 12.4 Total other intangibles not subject to amortization $ 2.1 $ 2.1 $ 2.1 Total other intangible assets, net $ 88.6 $ 10.3 $ 14.5 In fiscal 2025, the Company completed the 9 Story acquisition which resulted in the recognition of $85.3 of amortizable intangible assets. Refer to Note 7, "Acquisitions", for further details regarding the acquisition. In fiscal 2024, the Company acquired certain amortizable intangible assets related to educational programs for $5.8 and certain amortizable intangible assets of a U.S.- based children's book publishing business for $0.2. These intangible assets are amortized over the estimated useful life of 8 years and 5 years, respectively. In fiscal 2023, the Company acquired Learning Ovations, Inc., a U.S.-based education technology business, which resulted in the recognition of $4.1 of amortizable intangible assets. During fiscal 2024, the Company assessed the recoverability of these assets as impacted by the shift to the science of reading based approach to literacy instruction within the education market. An asset impairment of $3.1 was recognized in the fourth quarter of fiscal 2024. Other intangible assets with indefinite lives consist principally of trademark and trade name rights. Other intangible assets with definite lives consist principally of customer lists, customer contracts/relationships, intellectual property, trade names and internally developed software. Intangible assets with definite lives are amortized over their estimated useful lives. The weighted-average remaining useful lives of all amortizable intangible assets is approximately 8.8 years. There were no impairment charges related to Other intangible assets in the six months ended November 30, 2024 and November 30, 2023.

Acquisitions

Acquisitions	6 Months Ended
	Nov. 30, 2024
Business Combination and Asset Acquisition [Abstract]
Acquisitions	ACQUISITIONS 9 Story Acquisition On June 20, 2024, the Company completed the acquisition of 100% of the economic interests in the form of non-voting shares and 25% of the voting shares of 9 Story Media Group Inc. ("9 Story"), a leading independent creator, producer and distributor of premium children’s content based in Toronto, Canada, with studios or offices in New York, United States, Dublin, Ireland and Bali, Indonesia. The aggregate purchase price was $193.7, subject to further adjustment based on the final determination of purchase price adjustments, and was funded through borrowings under the U.S. credit agreement incurred during the first quarter of fiscal 2025. The acquisition of 9 Story further enhances the Company's development, production and licensing interests, expanding opportunities to leverage its brand and best-selling publishing and global children's franchises across print, screen and merchandising. Pursuant to ASC Topic 810, Consolidation , 9 Story was determined to be a variable interest entity (VIE) and the Company was determined to be its primary beneficiary and therefore obtained a controlling financial interest over 9 Story. Accordingly, 9 Story has been consolidated into the Company's financial results. 9 Story met the definition of a business pursuant to ASC 805, Business Combinations , and the acquisition was accounted for as a business combination under the acquisition method of accounting. The Company estimated the preliminary fair value of acquired assets and liabilities as of the date of acquisition based on currently available information. As the Company finalizes the fair value of assets acquired and liabilities assumed, additional purchase price adjustments may be recorded during the measurement period. Refer to Note 8, Goodwill and Other Intangibles, for details regarding measurement period adjustments recorded during the six months ended November 30, 2024. The following table summarizes the preliminary purchase price allocation of fair values of the assets acquired and liabilities assumed at the date of acquisition, inclusive of measurement period adjustments: Cash and cash equivalents $ 17.5 Accounts receivable 15.9 Investment in film and television programs 42.9 Property, plant and equipment (1) 6.0 Operating lease right-of-use assets 6.1 Other Intangible assets: Existing content/IP 16.0 Customer contracts/relationships 51.5 Trade names 16.5 Internally developed software 1.3 Other assets (2) 35.8 Total assets acquired 209.5 Accounts payable 2.3 Accrued expenses 16.3 Deferred revenue 10.9 Film related obligations 34.9 Operating lease liabilities 7.7 Other liabilities 14.7 Total liabilities assumed 86.8 Preliminary fair value of net assets acquired 122.7 Goodwill 71.0 Preliminary purchase price consideration $ 193.7 (1) Includes a preliminary step-up adjustment of $1.8. (2) Includes $31.9 of receivables related to government tax incentives. The intangible assets acquired include intellectual property ("IP") related to 9 Story's existing and recognized program titles, customer contracts/relationships related to licensing, distribution and service arrangements, the trade names associated with 9 Story and Brown Bag Films, its animation studio, and internally developed software. The intellectual property and customer contracts/relationships were valued using the multi-period excess earnings valuation method and are being amortized over 10 years, with the exception of contracts/relationships for service arrangements which are being amortized over 5 years. The trade names were valued using the relief-from-royalty valuation method and are being amortized over 10 years. The internally developed software was valued using the replacement cost method and is being amortized over 3 years. The Company classified these fair value measurements as Level 3 due to the significant unobservable inputs used in the analyses, such as internally-developed discounted cash flow forecasts. The difference between the purchase price over the net identifiable tangible and intangible assets acquired was allocated to goodwill, which is not deductible for tax purposes. The goodwill balance is primarily attributable to the expected synergies from the business combination and acquired workforce. The goodwill and intangible assets acquired were allocated to the Entertainment segment. The financial results of 9 Story, since the date of acquisition, were included in the Company's Condensed Consolidated Financial Statements as of November 30, 2024. 9 Story contributed total revenue of $31.9 and net loss of $4.2 from the date of acquisition on June 20, 2024 through November 30, 2024. The operations of 9 Story are reported in the Entertainment segment. The following table summarizes the unaudited pro-forma consolidated results of operations for the three and six months ended November 30, 2024 and 2023 as if the acquisition had occurred on June 1, 2023, the beginning of fiscal 2024: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Revenues $ 544.6 $ 578.8 $ 787.5 $ 827.1 Net income (loss) 48.8 73.9 (15.5) (4.9) The unaudited pro-forma consolidated results above are based on the historical financial statements of the Company and 9 Story and are not necessarily indicative of the results of operations that would have been achieved if the acquisition was completed at the beginning of fiscal 2024 and are not indicative of the future operating results of the combined entities. The financial information for 9 Story prior to the acquisition includes certain adjustments to 9 Story's historical consolidated financial statements to align with U.S. GAAP and the Company's accounting policies. The pro-forma consolidated results of operations also include the effects of purchase accounting adjustments, including amortization charges related to the finite-lived intangible assets acquired, fair value adjustments relating to leases and fixed assets, and the related tax effects assuming that the business combination occurred on June 1, 2023. The Company incurred acquisition‑related costs of $0.4 and $2.1 for the three and six months ended November 30, 2024, respectively, which were included in Selling, general and administrative costs in the Condensed Consolidated Statement of Operations. Purchase of Noncontrolling Interest On June 1, 2023, the Company acquired the remaining shares of Make Believe Ideas Limited, a UK-based children's book publishing company, for $2.1, increasing the Company's total ownership from 95.0% to 100%. The acquisition was accounted for as an equity transaction as there was no change in control. The carrying value of the noncontrolling interest at the acquisition date was $1.6. The difference between the fair value of consideration paid and the carrying value was recognized as an adjustment to Additional paid-in capital of $0.5.

Investments

Investments	6 Months Ended
	Nov. 30, 2024
Equity Method And Cost Method Investments [Abstract]
Investment	INVESTMENTS Investments are included in Other assets and deferred charges on the Condensed Consolidated Balance Sheets. The following table summarizes the Company’s investments as of the dates indicated: November 30, 2024 May 31, 2024 November 30, 2023 Segment Equity method investments $ 32.1 $ 31.5 $ 32.4 International Equity method and other investments 6.5 6.0 6.0 Entertainment Total Investments $ 38.6 $ 37.5 $ 38.4 The Company’s 26.2% equity interest in a children’s book publishing business located in the UK is accounted for using the equity method of accounting. Equity method income from this investment is reported in the International segment. The Company has a 4.6% ownership interest in a financing and production company that makes film, television, and digital programming designed for the youth market. This equity investment does not have a readily determinable fair value and the Company has elected to apply the measurement alternative and report the investment at cost, less impairment on the Company's Condensed Consolidated Balance Sheets. There have been no impairments or adjustments to the carrying value of the investment. This investment is included in the Entertainment segment. The Company acquired investments of $0.9 as part of the 9 Story acquisition which are included in the Entertainment segment. Included in these acquired investments, the Company acquired a 50% ownership interest in certain animated television production companies. These joint venture investments are accounted for using the equity method of accounting. The Company also acquired a 12% ownership interest in a children's book publishing business located in the UK. This investment is accounted for at cost, less impairment on the Company's Condensed Consolidated Balance Sheets. There have been no impairments or adjustments to the carrying value of the investment. Income from equity investments is reported in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and totaled $0.6 and $0.8 for the three and six months ended November 30, 2024, respectively, and $0.1 and $0.3 for the three and six months ended November 30, 2023, respectively.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Nov. 30, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS 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 November 30, November 30, 2024 2023 2024 2023 Components of net periodic benefit cost: Interest cost $ 0.2 $ 0.3 $ 0.1 $ 0.1 Expected return on assets (0.2) (0.3) — — Amortization of prior service (credit) loss 0.0 0.0 (0.2) (0.2) Amortization of net actuarial (gain) loss 0.4 0.3 0.0 0.0 Total $ 0.4 $ 0.3 $ (0.1) $ (0.1) UK Pension Plan US Postretirement Benefits Six months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Components of net periodic benefit cost: Interest cost $ 0.6 $ 0.7 $ 0.2 $ 0.2 Expected return on assets (0.5) (0.6) — — Amortization of prior service (credit) loss 0.0 0.0 (0.4) (0.4) Amortization of net actuarial (gain) loss 0.7 0.6 0.0 0.0 Total $ 0.8 $ 0.7 $ (0.2) $ (0.2) Actuarial gains and losses are amortized using a corridor approach. The gain or loss corridor is equal to 10% of the greater of the projected benefit obligation and the market-related value of assets. Gains and losses in excess of the corridor are amortized over the future working lifetime. The Company’s funding practice with respect to the UK Pension Plan is to contribute on an annual basis at least the minimum amounts required by applicable law. For the six months ended November 30, 2024, the Company contributed $0.7 to the UK Pension Plan. The Company expects, based on actuarial calculations, to contribute cash of approximately $1.3 to the UK Pension Plan for the fiscal year ending May 31, 2025.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Nov. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION The following table summarizes stock-based compensation expense included in Selling, general and administrative expenses for the periods indicated: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Stock option expense $ 0.2 $ 2.4 $ 0.8 $ 3.0 Restricted stock unit expense 1.7 1.4 3.2 2.9 Management stock purchase plan 0.1 0.3 0.1 0.3 Employee stock purchase plan 0.1 0.0 0.2 0.2 Total stock-based compensation expense $ 2.1 $ 4.1 $ 4.3 $ 6.4 During the second quarter of fiscal 2025, the Company granted performance-based restricted stock units to certain officers and senior management. Compensation expense is recognized over the requisite service period based on expected attainment of pre-established performance goals. The following table sets forth Common Stock issued pursuant to stock-based compensation plans for the periods indicated: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Common Stock issued pursuant to stock-based compensation plans (in millions) 0.1 0.3 0.2 0.4

Treasury Stock

Treasury Stock	6 Months Ended
	Nov. 30, 2024
Equity, Attributable to Parent [Abstract]
Treasury Stock	TREASURY STOCK The Board has authorized the Company to repurchase Common Stock, from time to time as conditions allow, on the open market or through privately negotiated transactions. The table below represents the Board authorization at the dates indicated: Authorization Amount December 2023 66.2 March 2024 54.6 Total current Board authorizations $ 120.8 Less repurchases made under these authorizations (44.2) Remaining Board authorization at November 30, 2024 $ 76.6 Remaining Board authorization at November 30, 2024 represents the amount remaining under the Board authorization for Common share repurchases announced on December 13, 2023 and the additional $54.6 Board authorization for Common share repurchases announced on March 20, 2024, which is available for further repurchases, from time to time as conditions allow, on the open market or through privately negotiated transactions. Repurchases of the Company's Common Stock were $5.0 and $10.0 during the three and six months ende d November 30, 2024, respectively. The Company's repurchase program may be suspended at any time without prior notice.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Nov. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables summarize the activity in Accumulated other comprehensive income (loss), net of tax, by component, for the periods indicated: Three months ended November 30, 2024 Foreign currency translation adjustments Retirement benefit plans Total Beginning balance at September 1, 2024 $ (38.7) $ (5.4) $ (44.1) Other comprehensive income (loss) before reclassifications (11.9) — (11.9) Less amount reclassified from Accumulated other comprehensive income (loss): Amortization of net actuarial loss (net of tax of $0.0) — 0.4 0.4 Amortization of prior service (credit) cost (net of tax of $0.0) — (0.2) (0.2) Other comprehensive income (loss) (11.9) 0.2 (11.7) Ending balance at November 30, 2024 $ (50.6) $ (5.2) $ (55.8) Three months ended November 30, 2023 Foreign currency translation adjustments Retirement benefit plans Total Beginning balance at September 1, 2023 $ (48.2) $ (5.6) $ (53.8) Other comprehensive income (loss) before reclassifications 0.2 — 0.2 Less amount reclassified from Accumulated other comprehensive income (loss): Amortization of net actuarial loss (net of tax of $0.0) — 0.3 0.3 Amortization of prior service (credit) cost (net of tax of $0.0) — (0.2) (0.2) Other comprehensive income (loss) 0.2 0.1 0.3 Ending balance at November 30, 2023 $ (48.0) $ (5.5) $ (53.5) Six months ended November 30, 2024 Foreign currency translation adjustments Retirement benefit plans Total Beginning balance at June 1, 2024 $ (46.9) $ (5.6) $ (52.5) Other comprehensive income (loss) before reclassifications (3.7) — (3.7) Less: amount reclassified from Accumulated other comprehensive income (loss) Amortization of net actuarial loss (net of tax of $0.0) — 0.7 0.7 Amortization of prior service (credit) cost (net of tax of $0.1) — (0.3) (0.3) Other comprehensive income (loss) (3.7) 0.4 (3.3) Ending balance at November 30, 2024 $ (50.6) $ (5.2) $ (55.8) Six months ended November 30, 2023 Foreign currency translation adjustments Retirement benefit plans Total Beginning balance at June 1, 2023 $ (50.0) $ (5.8) $ (55.8) Other comprehensive income (loss) before reclassifications 2.0 — 2.0 Less: amount reclassified from Accumulated other comprehensive income (loss) Amortization of net actuarial loss (net of tax of $0.0) — 0.6 0.6 Amortization of prior service (credit) cost (net of tax of $0.1) — (0.3) (0.3) Other comprehensive income (loss) 2.0 0.3 2.3 Ending balance at November 30, 2023 $ (48.0) $ (5.5) $ (53.5) The following table presents the impact on earnings of reclassifications out of Accumulated other comprehensive income (loss) for the periods indicated: Three months ended Six months ended Condensed Consolidated Statements of Operations line item November 30, November 30, November 30, November 30, 2024 2023 2024 2023 Employee benefit plans: Amortization of net actuarial loss $ 0.4 $ 0.3 $ 0.7 $ 0.6 Other components of net periodic benefit (cost) Amortization of prior service (credit) loss (0.2) (0.2) (0.4) (0.4) Other components of net periodic benefit (cost) Less: Tax effect 0.0 0.0 0.1 0.1 Provision (benefit) for income taxes Total cost, net of tax $ 0.2 $ 0.1 $ 0.4 $ 0.3

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Nov. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The Company determines the appropriate level in the fair value hierarchy for each fair value measurement of assets and liabilities carried at fair value on a recurring basis in the Company’s financial statements. The fair value hierarchy prioritizes the inputs, which refer to assumptions that market participants would use in pricing an asset or liability, based upon the highest and best use, into three levels as follows: • Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date. • Level 2 Observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in inactive markets, inputs other than quoted prices that are observable for the asset or liability and inputs derived principally from or corroborated by observable market data. • Level 3 Unobservable inputs in which there is little or no market data available, which are significant to the fair value measurement and require the Company to develop its own assumptions. The Company’s financial assets and liabilities measured at fair value consisted of cash and cash equivalents, debt and foreign currency forward contracts. Cash and cash equivalents are comprised of bank deposits and short-term investments, such as money market funds, the fair value of which is based on quoted market prices, a Level 1 fair value measure. The Company employs Level 2 fair value measurements for the disclosure of the fair value of its various lines of credit and long term debt. The fair value of the Company's debt, including film related obligations, approximates the carrying value for all periods presented. The fair values of foreign currency forward contracts, used by the Company to manage the impact of foreign exchange rate changes, are based on quotations from financial institutions, a Level 2 fair value measure. Non-financial assets for which the Company employs fair value measures on a non-recurring basis include: • Long-lived assets, including held for sale • Operating lease right-of-use (ROU) assets • Investments • Assets and liabilities acquired in a business combination • Impairment assessment of goodwill and other intangible assets Level 2 and Level 3 inputs are employed by the Company in the fair value measurement of these assets. For the fair value measurements employed by the Company for certain property, plant and equipment, investments, prepublication assets and investment in film and television programs, the Company assessed future expected cash flows attributable to these assets. See Note 9, "Investments", for a more detailed description of the fair value measurements employed. See Note 7, "Acquisitions", for a more detailed description of the assets acquired and fair value measurements employed related to the 9 Story acquisition.

Income Taxes and Other Taxes

Income Taxes and Other Taxes	6 Months Ended
	Nov. 30, 2024
Income Tax And Non Income Tax Disclosure [Abstract]
Income Taxes and Other Taxes	INCOME TAXES AND OTHER TAXES Income Taxes In calculating the provision for income taxes on an interim basis, the Company uses an estimate of the annual effective tax rate based upon currently known facts and circumstances and applies that rate to its year-to-date earnings or losses. The Company’s effective tax rate is based on expected income and statutory tax rates and takes into consideration permanent differences between financial statement and tax return income applicable to the Company in the various jurisdictions in which the Company operates. The effect of discrete items, such as changes in estimates, changes in rates or tax status, and unusual or infrequently occurring events, is recognized in the interim period in which the discrete item occurs. The accounting estimates used to compute the provision for income taxes may change as new events occur, additional information is obtained or as the result of new judicial interpretations or regulatory or tax law changes. The Company's interim effective tax rate, inclusive of discrete items, for the three and six month periods ended November 30, 2024 was 30.3% and 37.2%, respectively, compared to 24.2% and 22.9%, respectively, for the prior fiscal year period. The interim effective tax rate for the six months ended November 30, 2024 varies from the statutory rate primarily due to expected state and local income tax and non-deductible compensation for covered executive employees. The Company, including its domestic subsidiaries, files a consolidated U.S. income tax return, and also files tax returns in various states and other local jurisdictions. Also, certain subsidiaries of the Company file income tax returns in foreign jurisdictions. The Company is routinely audited by various tax authorities. The fiscal 2021 through 2024 tax years remain subject to audit. The Organization for Economic Cooperation and Development (“OECD”) has implemented the global minimum tax rate of at least 15% for large multinational companies as of 2024 (“Pillar Two”). Under Pillar Two, a top-up tax will be required of such companies for any jurisdiction which has enacted Pillar Two if their effective tax rate falls below the 15% global minimum rate. Additionally, the OECD issued administrative guidance providing transition and safe harbor rules around the implementation of the Pillar Two global minimum tax. Under the safe harbor, companies would be excluded from Pillar Two requirements provided certain criteria are met. The enactment of Pillar Two legislation does not have a material effect on the Company’s financial position. The Company will continue to monitor and reflect the impact of such legislative changes in future periods, as appropriate. Non-income Taxes The Company is subject to tax examinations for sales-based taxes. A number of these examinations are ongoing and, in certain cases, have resulted in assessments from taxing authorities. The Company assesses sales tax contingencies for each jurisdiction in which it operates, considering all relevant facts including statutes, regulations, case law and experience. Where a sales tax liability with respect to a jurisdiction is probable and can be reliably estimated for such jurisdiction, the Company has made accruals for these matters which are reflected in the Company’s Condensed Consolidated Financial Statements. These amounts are included in Selling, general and administrative expenses. Future developments relating to the foregoing could result in adjustments being made to these accruals.

Derivatives and Hedging

Derivatives and Hedging	6 Months Ended
	Nov. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	DERIVATIVES AND HEDGING The Company enters into foreign currency derivative contracts to economically hedge the exposure to foreign currency fluctuations associated with the forecasted purchase of inventory, the foreign exchange risk associated with certain receivables denominated in foreign currencies and certain future commitments for foreign expenditures. These derivative contracts are economic hedges and are not designated as cash flow hedges.

Other Accrued Expenses

Other Accrued Expenses	6 Months Ended
	Nov. 30, 2024
Other Accrued Expenses Disclosure [Abstract]
Other Accrued Expenses	OTHER ACCRUED EXPENSES Other accrued expenses consisted of the following as of the dates indicated: November 30, 2024 May 31, 2024 November 30, 2023 Accrued payroll, payroll taxes and benefits $ 35.6 $ 32.9 $ 32.8 Accrued bonus and commissions 17.7 21.6 13.7 Returns liability 34.8 33.1 37.7 Accrued other taxes 25.0 23.0 28.4 Accrued advertising and promotions 7.8 5.7 9.7 Other accrued expenses 42.3 40.0 40.2 Total accrued expenses $ 163.2 $ 156.3 $ 162.5

Subsequent Events

Subsequent Events	6 Months Ended
	Nov. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On December 11, 2024, the Board declared a quarterly cash dividend of $0.20 per share on the Company’s Class A and Common Stock for the third quarter of fiscal 2025. The dividend is payable on March 14, 2025 to shareholders of record as of the close of business on January 31, 2025.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Pay vs Performance Disclosure
Net Income (loss)	$ (13.7)	$ 2.7

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Nov. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Nov. 30, 2024
Accounting Policies [Abstract]
Principles of consolidation	Principles of consolidation The accompanying condensed consolidated interim financial statements (referred to as the “Financial Statements” herein) include the accounts of Scholastic Corporation (the “Corporation”) and all wholly-owned and majority-owned subsidiaries (collectively, “Scholastic” or the “Company”). The Company reviews its relationships with other entities to identify whether it is the primary beneficiary of a variable interest entity (“VIE”). If the determination is made that the Company is the primary beneficiary, then the entity is consolidated. Intercompany transactions are eliminated in consolidation.
Noncontrolling Interest	Noncontrolling Interest On June 1, 2023, the Company acquired the remaining shares of Make Believe Ideas Limited ("MBI"), a UK-based children's book publishing company, which represented a 5.0% noncontrolling interest, increasing the Company's total ownership from 95.0% to 100%. Prior to June 1, 2023, the founder and chief executive officer of MBI retained a 5.0% noncontrolling ownership interest in MBI. The Company fully consolidated MBI as of the acquisition date and the 5.0% noncontrolling interest was classified within stockholder's equity.
Interim Financial Statements	Interim Financial Statements
Seasonality	Seasonality The Company’s Children’s Book Publishing and Distribution school-based book club and book fair channels and most of its Education Solutions businesses operate on a school-year basis; therefore, the Company’s business is highly seasonal. As a result, the Company’s revenues in the first and third quarters of the fiscal year generally are lower than its revenues in the other two fiscal quarters. Typically, school-based channels and magazine revenues are minimal in the first quarter of the fiscal year as schools are not in session. Education channel revenues are generally higher in the fourth quarter. Trade channel and Entertainment segment revenues can vary throughout the year due to the timing of published titles' release dates and program production deliveries and the start dates of distribution license agreements.
Use of estimates	Use of estimates The preparation of these Financial Statements involves the use of estimates and assumptions by management, which affects the amounts reported in the Financial Statements and accompanying notes. The Company bases its estimates on historical experience, current business factors, and various other assumptions believed to be reasonable under the circumstances, all of which are necessary, in order to form a basis for determining the carrying values of certain assets and liabilities. Actual results may differ from those estimates and assumptions. On an on-going basis, the Company evaluates the adequacy of its reserves and the estimates used in these calculations, including, but not limited to: • Accounts receivable allowance for credit losses • Pension and postretirement benefit plans • Uncertain tax positions • The timing and amount of future income taxes and related deductions • Inventory reserves • Cost of goods sold from book fair operations during interim periods based on estimated gross profit rates • Sales tax contingencies • Royalty advance reserves and royalty expense accruals • Expected economic useful life of film and television program assets • Impairment testing for goodwill, other intangibles and other long-lived assets and investments • Assets and liabilities acquired in business combinations • Variable consideration related to anticipated returns • Allocation of transaction price to contractual performance obligations
Revenue recognition	Revenue recognition The Company’s revenue recognition policies for its entertainment business include the following: Film and TV production - Revenue is deferred during production and recognized when the film or episodes have been delivered and are available for showing or exploitation. Production services - Revenue is recognized using the percentage-of-completion method based on the proportion of costs incurred in the current period to total expected costs. Licensing - Revenue from the sale or granting of broadcast license rights to third parties is recognized when the licensed content is available to the customer and the customer has the contractual right to broadcast or stream the content. Royalty income - Revenue from sales and usage-based royalties related to licenses is generally recognized when the subsequent sale or usage occurs.
Investment in film and television programs	Investment in film and television programs Investments in film and television programs are stated at the lower of cost or net realizable value. Investment in film and television programs includes all direct production and financing costs incurred during production and minimum guarantee payments made to acquire distribution rights. Interest costs are capitalized to the cost of the film or television program until substantially all of the activities required for delivery are complete. Investments in film and television programs are amortized using the declining-balance method with rates ranging from 50% to 90% at the time of initial episodic delivery and at rates ranging from 10% to 25% annually thereafter. The determination of the rates is based on the expected economic useful life of the film or television program and includes factors such as rights retained by the Company, the availability of rights to renew licenses for episodic television programs in various territories, and the availability of secondary market revenue. The Company regularly reviews the recoverability of these capitalized costs based on expected future cash flows.
Government financing and assistance	Government financing and assistance The Company has access to government programs and tax credits that are designed to assist film, television and digital media production and distribution. Amounts received and amounts receivable which relate to the Company's film and television program assets are recorded as a reduction in the production costs of the related asset.
New Accounting Pronouncements	New Accounting Pronouncements In November 2024, Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) - Disaggregation of Income Statement Expenses." This ASU improves financial reporting by requiring that public business entities disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. This ASU is effective for the Company's fiscal year 2028, and interim periods starting in fiscal year 2029. Early adoption is permitted. The amendments in this ASU are to be applied retrospectively to all prior periods presented in the financial statements. The Company is currently assessing the impact of the disclosure requirements on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740)." The amendments in this update enhance the transparency and decision usefulness of income tax disclosures to provide information to better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. The amendments in this ASU require more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This ASU is effective for the Company's fiscal year 2026. Early adoption is permitted. The amendments are to be applied prospectively, but may be applied retrospectively to all prior periods presented in the financial statements. The Company is currently assessing the impact of the disclosure requirements on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures.” This ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This ASU is effective for the Company's fiscal year 2025, and interim periods starting in fiscal year 2026. Early adoption is permitted. The amendments in this ASU are to be applied retrospectively to all prior periods presented in the financial statements. The Company is currently assessing the impact of the disclosure requirements on its consolidated financial statements. Refer to the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2024 for more information on current applicable authoritative guidance and its impact on the Company's financial statements.

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Nov. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company’s segment revenues disaggregated by region and domestic channel: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Book Clubs - U.S. $ 33.2 $ 32.4 $ 35.9 $ 35.0 Book Fairs - U.S. 231.0 242.1 259.8 269.4 Trade - U.S. (1) 91.0 100.6 149.2 162.7 Trade - International (2) 11.8 17.3 27.5 27.7 Total Children's Book Publishing and Distribution $ 367.0 $ 392.4 $ 472.4 $ 494.8 Education Solutions - U.S. $ 71.2 $ 81.0 $ 126.9 $ 147.0 Total Education Solutions $ 71.2 $ 81.0 $ 126.9 $ 147.0 Entertainment - U.S. $ 1.3 $ 0.4 $ 2.9 $ 0.8 Entertainment - International (3) 15.5 — 30.5 — Total Entertainment (1) $ 16.8 $ 0.4 $ 33.4 $ 0.8 International - Major Markets (4) $ 75.6 $ 75.4 $ 123.7 $ 123.2 International - Other Markets (5) 11.1 11.1 19.8 20.5 Total International $ 86.7 $ 86.5 $ 143.5 $ 143.7 Overhead (6) $ 2.9 $ 2.3 $ 5.6 $ 4.8 Total Overhead $ 2.9 $ 2.3 $ 5.6 $ 4.8 Total $ 544.6 $ 562.6 $ 781.8 $ 791.1 (1) The newly formed Entertainment segment includes the operations of SEI, which were included in the Children’s Book Publishing and Distribution segment in prior periods, and 9 Story. The financial results for SEI for the three and six months ended November 30, 2023 have been reclassified to Entertainment to reflect this change. (2) Primarily includes foreign rights and certain product sales in the UK. (3) Primarily includes production, distribution and licensing revenues in Canada, Ireland and Indonesia. (4) Includes Canada, UK, Australia and New Zealand. (5) Primarily includes markets in Asia. (6) Overhead includes rental income related to leased space in the Company's headquarters.
Deferred Revenue, by Arrangement, Disclosure	The following table presents further detail regarding the Company's contract liabilities as of the dates indicated: November 30, 2024 May 31, 2024 November 30, 2023 Book fairs incentive credits $ 120.8 $ 114.2 $ 114.1 Magazines+ subscriptions 48.3 4.6 53.3 U.S. digital subscriptions 17.9 15.6 24.6 U.S. education-related (1) 9.5 10.1 10.6 Media-related 7.7 0.0 0.2 Stored value cards 21.0 16.7 24.1 Other (2) 5.7 6.4 7.6 Total contract liabilities $ 230.9 $ 167.6 $ 234.5 (1) Primarily includes contract liabilities related to contracts with school districts and professional services. (2) Primarily includes contract liabilities related to various international products and services.
Accounts Receivable, Allowance for Credit Loss	The following table presents the change in the allowance for credit losses, which is included in Accounts Receivable, net on the Condensed Consolidated Balance Sheets: Allowance for Credit Losses Balance as of June 1, 2024 $ 14.9 Provision (benefit) 0.9 Write-offs and other (0.4) Balance as of August 31, 2024 $ 15.4 Provision (benefit) 2.1 Write-offs and other (2.6) Balance as of November 30, 2024 $ 14.9

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Nov. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table sets forth the Company's revenue and operating income (loss) by segment for the periods indicated: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Revenues Children's Book Publishing and Distribution (1) $ 367.0 $ 392.4 $ 472.4 $ 494.8 Education Solutions 71.2 81.0 126.9 147.0 Entertainment (1) 16.8 0.4 33.4 0.8 International 86.7 86.5 143.5 143.7 Overhead (2) 2.9 2.3 5.6 4.8 Total $ 544.6 $ 562.6 $ 781.8 $ 791.1 Operating income (loss) Children's Book Publishing and Distribution (1) $ 102.1 $ 111.6 $ 65.5 $ 70.6 Education Solutions (0.5) 5.8 (17.5) (12.9) Entertainment (1) (4.7) (0.8) (5.2) (1.3) International 5.7 8.0 (2.6) (0.2) Overhead (2) (27.9) (23.3) (54.0) (54.0) Total $ 74.7 $ 101.3 $ (13.8) $ 2.2 (1) The newly formed Entertainment segment includes the operations of SEI, which were included in the Children’s Book Publishing and Distribution segment in prior periods, and 9 Story. The financial results for SEI for the three and six months ended November 30, 2023 have been reclassified to Entertainment to reflect this change. (2) Overhead includes all domestic corporate amounts not allocated to segments, including expenses and costs related to the management of corporate assets and rental income related to leased space in the Company's headquarters.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Nov. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes the carrying value of the Company's debt, excluding film related obligations, as of the dates indicated: November 30, 2024 May 31, 2024 November 30, 2023 US Revolving Credit Agreement $ 250.0 $ — $ — Unsecured lines of credit 6.2 6.0 6.3 Total debt $ 256.2 $ 6.0 $ 6.3 Less lines of credit, short-term debt and current portion of long-term debt (6.2) (6.0) (6.3) Total long-term debt $ 250.0 $ — $ —
Schedule of Maturities of Long-term Debt	The following table sets forth the maturities of the carrying values of the Company's debt obligations, excluding film related obligations, as of November 30, 2024 for the twelve month periods ended November 30: 2025 $ 6.2 2026 — 2027 — 2028 — 2029 250.0 Thereafter — Total Debt $ 256.2

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Nov. 30, 2024
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per share	The following table summarizes the reconciliation of the numerators and denominators for the basic and diluted earnings (loss) per share computation for the periods indicated: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Net income (loss) attributable to Class A and Common Stockholders $ 48.8 $ 76.9 $ (13.7) $ 2.7 Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions) 28.2 30.7 28.3 31.2 Dilutive effect of Common Stock potentially issuable pursuant to stock-based compensation plans (in millions)* 0.4 0.7 — 0.8 Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions) 28.6 31.4 28.3 32.0 Earnings (loss) per share of Class A Stock and Common Stock: Basic $ 1.73 $ 2.51 $ (0.48) $ 0.09 Diluted $ 1.71 $ 2.45 $ (0.48) $ 0.09 Anti-dilutive shares pursuant to stock-based compensation plans* 1.8 1.1 — 0.7
Schedule of stock option activity	The following table sets forth options outstanding pursuant to stock-based compensation plans as of the dates indicated: November 30, 2024 November 30, 2023 Options outstanding pursuant to stock-based compensation plans (in millions) 2.8 3.1

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	6 Months Ended
	Nov. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Activity in Goodwill for the Periods Indicated	The following table summarizes the activity in Goodwill for the periods indicated: November 30, 2024 May 31, 2024 November 30, 2023 Gross beginning balance $ 172.4 $ 172.3 $ 172.3 Accumulated impairment (39.6) (39.6) (39.6) Beginning balance $ 132.8 $ 132.7 $ 132.7 Additions 70.1 — — Measurement period adjustments (1) 0.9 — — Foreign currency translation (1.6) 0.1 0.1 Ending balance $ 202.2 $ 132.8 $ 132.8 (1) Measurement period adjustments for the 9 Story acquisition reflect an increase to goodwill of $0.9 resulting from a net decrease in the estimated fair value of the net assets acquired. The decrease in the estimated fair value of the net assets acquired consisted of an increase to deferred tax liabilities of $1.4, an increase to operating lease right-of-use assets of $0.3, a decrease to lease liabilities of $0.1, and a decrease to the purchase price as a result of a working capital adjustment of $0.1.
Summary of Activity in Total Other Intangibles for the Periods Indicated	The following table summarizes the activity in Other intangible assets for the periods indicated: November 30, 2024 May 31, 2024 November 30, 2023 Beginning balance - Other intangibles subject to amortization $ 8.2 $ 7.8 $ 7.8 Additions 85.3 6.0 5.8 Amortization expense (5.4) (2.6) (1.2) Foreign currency translation (1.6) 0.1 0.0 Impairments — (3.1) — Total other intangibles subject to amortization, net of accumulated amortization of $44.5, $39.1 and $37.7, respectively $ 86.5 $ 8.2 $ 12.4 Total other intangibles not subject to amortization $ 2.1 $ 2.1 $ 2.1 Total other intangible assets, net $ 88.6 $ 10.3 $ 14.5

Business Combinations and Asset

Business Combinations and Asset Acquisitions (Tables)	6 Months Ended
	Nov. 30, 2024
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary purchase price allocation of fair values of the assets acquired and liabilities assumed at the date of acquisition, inclusive of measurement period adjustments: Cash and cash equivalents $ 17.5 Accounts receivable 15.9 Investment in film and television programs 42.9 Property, plant and equipment (1) 6.0 Operating lease right-of-use assets 6.1 Other Intangible assets: Existing content/IP 16.0 Customer contracts/relationships 51.5 Trade names 16.5 Internally developed software 1.3 Other assets (2) 35.8 Total assets acquired 209.5 Accounts payable 2.3 Accrued expenses 16.3 Deferred revenue 10.9 Film related obligations 34.9 Operating lease liabilities 7.7 Other liabilities 14.7 Total liabilities assumed 86.8 Preliminary fair value of net assets acquired 122.7 Goodwill 71.0 Preliminary purchase price consideration $ 193.7 (1) Includes a preliminary step-up adjustment of $1.8. (2) Includes $31.9 of receivables related to government tax incentives.
Business Acquisition, Pro Forma Information	The following table summarizes the unaudited pro-forma consolidated results of operations for the three and six months ended November 30, 2024 and 2023 as if the acquisition had occurred on June 1, 2023, the beginning of fiscal 2024: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Revenues $ 544.6 $ 578.8 $ 787.5 $ 827.1 Net income (loss) 48.8 73.9 (15.5) (4.9)

Investments (Tables)

Investments (Tables)	6 Months Ended
	Nov. 30, 2024
Equity Method And Cost Method Investments [Abstract]
Investments	The following table summarizes the Company’s investments as of the dates indicated: November 30, 2024 May 31, 2024 November 30, 2023 Segment Equity method investments $ 32.1 $ 31.5 $ 32.4 International Equity method and other investments 6.5 6.0 6.0 Entertainment Total Investments $ 38.6 $ 37.5 $ 38.4

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Nov. 30, 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 November 30, November 30, 2024 2023 2024 2023 Components of net periodic benefit cost: Interest cost $ 0.2 $ 0.3 $ 0.1 $ 0.1 Expected return on assets (0.2) (0.3) — — Amortization of prior service (credit) loss 0.0 0.0 (0.2) (0.2) Amortization of net actuarial (gain) loss 0.4 0.3 0.0 0.0 Total $ 0.4 $ 0.3 $ (0.1) $ (0.1) UK Pension Plan US Postretirement Benefits Six months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Components of net periodic benefit cost: Interest cost $ 0.6 $ 0.7 $ 0.2 $ 0.2 Expected return on assets (0.5) (0.6) — — Amortization of prior service (credit) loss 0.0 0.0 (0.4) (0.4) Amortization of net actuarial (gain) loss 0.7 0.6 0.0 0.0 Total $ 0.8 $ 0.7 $ (0.2) $ (0.2)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Nov. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	The following table summarizes stock-based compensation expense included in Selling, general and administrative expenses for the periods indicated: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Stock option expense $ 0.2 $ 2.4 $ 0.8 $ 3.0 Restricted stock unit expense 1.7 1.4 3.2 2.9 Management stock purchase plan 0.1 0.3 0.1 0.3 Employee stock purchase plan 0.1 0.0 0.2 0.2 Total stock-based compensation expense $ 2.1 $ 4.1 $ 4.3 $ 6.4
Schedule of Shares Issued Pursuant to Share-based Compensation Activity	The following table sets forth Common Stock issued pursuant to stock-based compensation plans for the periods indicated: Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Common Stock issued pursuant to stock-based compensation plans (in millions) 0.1 0.3 0.2 0.4

Treasury Stock (Tables)

Treasury Stock (Tables)	6 Months Ended
	Nov. 30, 2024
Equity, Attributable to Parent [Abstract]
Tabular Disclosure of an Entity's Treasury Stock	The table below represents the Board authorization at the dates indicated: Authorization Amount December 2023 66.2 March 2024 54.6 Total current Board authorizations $ 120.8 Less repurchases made under these authorizations (44.2) Remaining Board authorization at November 30, 2024 $ 76.6

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Nov. 30, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables summarize the activity in Accumulated other comprehensive income (loss), net of tax, by component, for the periods indicated: Three months ended November 30, 2024 Foreign currency translation adjustments Retirement benefit plans Total Beginning balance at September 1, 2024 $ (38.7) $ (5.4) $ (44.1) Other comprehensive income (loss) before reclassifications (11.9) — (11.9) Less amount reclassified from Accumulated other comprehensive income (loss): Amortization of net actuarial loss (net of tax of $0.0) — 0.4 0.4 Amortization of prior service (credit) cost (net of tax of $0.0) — (0.2) (0.2) Other comprehensive income (loss) (11.9) 0.2 (11.7) Ending balance at November 30, 2024 $ (50.6) $ (5.2) $ (55.8) Three months ended November 30, 2023 Foreign currency translation adjustments Retirement benefit plans Total Beginning balance at September 1, 2023 $ (48.2) $ (5.6) $ (53.8) Other comprehensive income (loss) before reclassifications 0.2 — 0.2 Less amount reclassified from Accumulated other comprehensive income (loss): Amortization of net actuarial loss (net of tax of $0.0) — 0.3 0.3 Amortization of prior service (credit) cost (net of tax of $0.0) — (0.2) (0.2) Other comprehensive income (loss) 0.2 0.1 0.3 Ending balance at November 30, 2023 $ (48.0) $ (5.5) $ (53.5) Six months ended November 30, 2024 Foreign currency translation adjustments Retirement benefit plans Total Beginning balance at June 1, 2024 $ (46.9) $ (5.6) $ (52.5) Other comprehensive income (loss) before reclassifications (3.7) — (3.7) Less: amount reclassified from Accumulated other comprehensive income (loss) Amortization of net actuarial loss (net of tax of $0.0) — 0.7 0.7 Amortization of prior service (credit) cost (net of tax of $0.1) — (0.3) (0.3) Other comprehensive income (loss) (3.7) 0.4 (3.3) Ending balance at November 30, 2024 $ (50.6) $ (5.2) $ (55.8) Six months ended November 30, 2023 Foreign currency translation adjustments Retirement benefit plans Total Beginning balance at June 1, 2023 $ (50.0) $ (5.8) $ (55.8) Other comprehensive income (loss) before reclassifications 2.0 — 2.0 Less: amount reclassified from Accumulated other comprehensive income (loss) Amortization of net actuarial loss (net of tax of $0.0) — 0.6 0.6 Amortization of prior service (credit) cost (net of tax of $0.1) — (0.3) (0.3) Other comprehensive income (loss) 2.0 0.3 2.3 Ending balance at November 30, 2023 $ (48.0) $ (5.5) $ (53.5)
Reclassification out of Accumulated Other Comprehensive Income	The following table presents the impact on earnings of reclassifications out of Accumulated other comprehensive income (loss) for the periods indicated: Three months ended Six months ended Condensed Consolidated Statements of Operations line item November 30, November 30, November 30, November 30, 2024 2023 2024 2023 Employee benefit plans: Amortization of net actuarial loss $ 0.4 $ 0.3 $ 0.7 $ 0.6 Other components of net periodic benefit (cost) Amortization of prior service (credit) loss (0.2) (0.2) (0.4) (0.4) Other components of net periodic benefit (cost) Less: Tax effect 0.0 0.0 0.1 0.1 Provision (benefit) for income taxes Total cost, net of tax $ 0.2 $ 0.1 $ 0.4 $ 0.3

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	6 Months Ended
	Nov. 30, 2024
Other Accrued Expenses Disclosure [Abstract]
Schedule of Other Accrued Expenses	Other accrued expenses consisted of the following as of the dates indicated: November 30, 2024 May 31, 2024 November 30, 2023 Accrued payroll, payroll taxes and benefits $ 35.6 $ 32.9 $ 32.8 Accrued bonus and commissions 17.7 21.6 13.7 Returns liability 34.8 33.1 37.7 Accrued other taxes 25.0 23.0 28.4 Accrued advertising and promotions 7.8 5.7 9.7 Other accrued expenses 42.3 40.0 40.2 Total accrued expenses $ 163.2 $ 156.3 $ 162.5

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - Make Believe Ideas Limited (MBI)	Jun. 01, 2023	May 31, 2023
Scholastic, Inc.
Long Lived Assets Held-for-sale [Line Items]
Ownership percentage	100%	95%
Founder and CEO of MBI
Long Lived Assets Held-for-sale [Line Items]
Ownership percentage by founder and CEO of MBI		5%

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 544.6	$ 562.6	$ 781.8	$ 791.1
Corporate, Non-Segment
Disaggregation of Revenue [Line Items]
Revenues	2.9	2.3	5.6	4.8
Total Children's Book Publishing and Distribution | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues	367	392.4	472.4	494.8
Total Children's Book Publishing and Distribution | Operating Segments | Book Clubs - U.S.
Disaggregation of Revenue [Line Items]
Revenues	33.2	32.4	35.9	35
Total Children's Book Publishing and Distribution | Operating Segments | Book Fairs - U.S.
Disaggregation of Revenue [Line Items]
Revenues	231	242.1	259.8	269.4
Total Children's Book Publishing and Distribution | Operating Segments | Trade - U.S. (1)
Disaggregation of Revenue [Line Items]
Revenues	91	100.6	149.2	162.7
Total Children's Book Publishing and Distribution | Operating Segments | Trade - International
Disaggregation of Revenue [Line Items]
Revenues	11.8	17.3	27.5	27.7
Total Education Solutions | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues	71.2	81	126.9	147
Total Entertainment | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues	16.8	0.4	33.4	0.8
Total Entertainment | Operating Segments | Entertainment - U.S.
Disaggregation of Revenue [Line Items]
Revenues	1.3	0.4	2.9	0.8
Total Entertainment | Operating Segments | Entertainment - International
Disaggregation of Revenue [Line Items]
Revenues	15.5	0	30.5	0
Total International | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues	86.7	86.5	143.5	143.7
Total International | Operating Segments | Major Markets
Disaggregation of Revenue [Line Items]
Revenues	75.6	75.4	123.7	123.2
Total International | Operating Segments | Other Markets
Disaggregation of Revenue [Line Items]
Revenues	$ 11.1	$ 11.1	$ 19.8	$ 20.5

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	May 31, 2024
Revenue from Contract with Customer [Abstract]
Returns liability	$ 34.8	$ 37.7	$ 34.8	$ 37.7	$ 33.1
Return asset	4	5.4	4	5.4	4.2
Contract with customer, liability, current	225	225	225	225	161.1
Contract with customer, liability, noncurrent	5.9	9.5	5.9	9.5	$ 6.5
Contract with customer, liability, revenue recognized	$ 41.9	$ 48.4	$ 71.1	$ 80.7

Revenues - Deferred Revenue (De

Revenues - Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	May 31, 2024
Deferred Revenue Arrangement [Line Items]
Deferred revenue	$ 230.9	$ 234.5	$ 230.9	$ 234.5	$ 167.6
Contract with customer, liability, revenue recognized	41.9	48.4	71.1	80.7
Book fairs incentive credits
Deferred Revenue Arrangement [Line Items]
Deferred revenue	120.8	114.1	120.8	114.1	114.2
Magazines+ subscriptions
Deferred Revenue Arrangement [Line Items]
Deferred revenue	48.3	53.3	48.3	53.3	4.6
U.S. digital subscriptions
Deferred Revenue Arrangement [Line Items]
Deferred revenue	17.9	24.6	17.9	24.6	15.6
U.S. Education-related
Deferred Revenue Arrangement [Line Items]
Deferred revenue	9.5	10.6	9.5	10.6	10.1
Media-related
Deferred Revenue Arrangement [Line Items]
Deferred revenue	7.7	0.2	7.7	0.2	0
Stored value cards
Deferred Revenue Arrangement [Line Items]
Deferred revenue	21	24.1	21	24.1	16.7
Other
Deferred Revenue Arrangement [Line Items]
Deferred revenue	$ 5.7	$ 7.6	$ 5.7	$ 7.6	$ 6.4

Revenues - Allowance for Credit

Revenues - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Aug. 31, 2024	Nov. 30, 2024	Nov. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of June 1, 2024	$ 15.4	$ 14.9	$ 14.9
Provision for losses on accounts receivable	2.1	0.9	3	$ 3.1
Write-offs and other	(2.6)	(0.4)
Balance as of August 31, 2024	$ 14.9	$ 15.4	$ 14.9

Segment Information - Schedule

Segment Information - Schedule of segment reporting information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024 USD ($)	Nov. 30, 2023 USD ($)	Nov. 30, 2024 USD ($) segment	Nov. 30, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			4
Revenues	$ 544.6	$ 562.6	$ 781.8	$ 791.1
Segment operating income (loss)	74.7	101.3	$ (13.8)	2.2
Total Children's Book Publishing and Distribution
Segment Reporting Information [Line Items]
Number of operating segments | segment			2
Total Education Solutions
Segment Reporting Information [Line Items]
Number of operating segments | segment			1
Total Entertainment
Segment Reporting Information [Line Items]
Number of operating segments | segment			1
Total International
Segment Reporting Information [Line Items]
Number of operating segments | segment			3
Operating Segments | Total Children's Book Publishing and Distribution
Segment Reporting Information [Line Items]
Revenues	367	392.4	$ 472.4	494.8
Segment operating income (loss)	102.1	111.6	65.5	70.6
Operating Segments | Total Education Solutions
Segment Reporting Information [Line Items]
Revenues	71.2	81	126.9	147
Segment operating income (loss)	(0.5)	5.8	(17.5)	(12.9)
Operating Segments | Total Entertainment
Segment Reporting Information [Line Items]
Revenues	16.8	0.4	33.4	0.8
Segment operating income (loss)	(4.7)	(0.8)	(5.2)	(1.3)
Operating Segments | Total International
Segment Reporting Information [Line Items]
Revenues	86.7	86.5	143.5	143.7
Segment operating income (loss)	5.7	8	(2.6)	(0.2)
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Revenues	2.9	2.3	5.6	4.8
Corporate, Non-Segment | Overhead
Segment Reporting Information [Line Items]
Revenues	2.9	2.3	5.6	4.8
Segment operating income (loss)	$ (27.9)	$ (23.3)	$ (54)	$ (54)

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Nov. 30, 2024	May 31, 2024	Nov. 30, 2023
Debt Instrument [Line Items]
Total Debt	$ 256.2	$ 6	$ 6.3
Less lines of credit, short-term debt and current portion of long-term debt	(6.2)	(6)	(6.3)
Total long-term debt	250	0	0
Revolving Credit Facility
Debt Instrument [Line Items]
Total Debt	250	0	0
Line of Credit | Unsecured Debt
Debt Instrument [Line Items]
Total Debt	$ 6.2	$ 6	$ 6.3

Debt - Narrative (Details)

Debt - Narrative (Details)				6 Months Ended
	Nov. 26, 2024 USD ($)	Feb. 28, 2023	Oct. 27, 2021 USD ($)	Nov. 30, 2024 USD ($)	May 31, 2024 USD ($)	Nov. 30, 2023 USD ($)
Debt (Details) [Line Items]
Debt				$ 256,200,000	$ 6,000,000	$ 6,300,000
Standby letters of credit				4,000,000
Domestic Line of Credit
Debt (Details) [Line Items]
Standby letters of credit				3,600,000
Revolving Credit Facility
Debt (Details) [Line Items]
Long-term Debt						0
Debt				250,000,000	0	0
Standby letters of credit				$ 400,000
Weighted average interest rate (percentage)				6.80%
Loan Agreement
Debt (Details) [Line Items]
Maximum borrowing capacity	$ 400,000,000
Borrowing capacity			$ 300,000,000
Consolidated net leverage ratio, maximum	2.75
Loan Agreement | Swingline Facility
Debt (Details) [Line Items]
Maximum borrowing capacity			15,000,000
Loan Agreement | Revolving Credit Facility
Debt (Details) [Line Items]
Maximum borrowing capacity			50,000,000
Commitment fee percentage				0.20%
Increase in borrowing capacity available under accordion feature			$ 150,000,000
Loan Agreement | Revolving Credit Facility | Minimum
Debt (Details) [Line Items]
Commitment fee percentage			0.20%
Loan Agreement | Revolving Credit Facility | Maximum
Debt (Details) [Line Items]
Commitment fee percentage			0.30%
Loan Agreement | Base Rate | Minimum
Debt (Details) [Line Items]
Variable rate (percentage)	0.625%		0.35%
Loan Agreement | Base Rate | Maximum
Debt (Details) [Line Items]
Variable rate (percentage)	0.875%		0.75%
Loan Agreement | Base Rate | Revolving Credit Facility
Debt (Details) [Line Items]
Variable rate (percentage)				0.625%
Loan Agreement | Federal Funds Rate
Debt (Details) [Line Items]
Variable rate (percentage)			0.50%
Loan Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt (Details) [Line Items]
Variable rate (percentage)		0.10%
Loan Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum
Debt (Details) [Line Items]
Variable rate (percentage)	1.625%	1.35%
Loan Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum
Debt (Details) [Line Items]
Variable rate (percentage)	1.875%	1.75%
Loan Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Revolving Credit Facility
Debt (Details) [Line Items]
Variable rate (percentage)				1.625%
Loan Agreement | Term SOFR
Debt (Details) [Line Items]
Variable rate (percentage)			1%
Interim Production Financing
Debt (Details) [Line Items]
Film Related Obligations, Long-Term and Short-Term, Combines Amount				$ 21,600,000
Interim Production Financing | Base Rate
Debt (Details) [Line Items]
Variable rate (percentage)				0.75%
Interim Production Financing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum
Debt (Details) [Line Items]
Variable rate (percentage)				3%
Interim Production Financing | Prime Rate
Debt (Details) [Line Items]
Variable rate (percentage)				0.75%
Interim Production Financing | Euro LIBOR
Debt (Details) [Line Items]
Variable rate (percentage)				2%
Unsecured Debt | Domestic Line of Credit
Debt (Details) [Line Items]
Borrowing capacity				$ 10,000,000
Short-term debt				$ 0	0	0
Expiration period (in days)				365 days
Remaining borrowing capacity				$ 6,400,000
Unsecured Debt | Line of Credit
Debt (Details) [Line Items]
Borrowing capacity				16,900,000
Debt				$ 6,200,000	$ 6,000,000	$ 6,300,000
Expiration period (in days)				364 days
Weighted average interest rate (percentage)				4.20%	4.50%	3.90%
Remaining borrowing capacity				$ 10,700,000
Secured Debt | Line of Credit
Debt (Details) [Line Items]
Debt, Weighted Average Interest Rate				6.90%

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Millions	Nov. 30, 2024	May 31, 2024	Nov. 30, 2023
Debt Disclosure [Abstract]
2026	$ 6.2
2027	0
2028	0
2029	0
Long-Term Debt, Maturity, Year Five	250
Thereafter	0
Total Debt	$ 256.2	$ 6	$ 6.3

Earnings (Loss) Per Share - Sch

Earnings (Loss) Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Earnings Per Share, Basic and Diluted [Abstract]
Net income (loss) attributable to Class A and Common Shares	$ 48.8	$ 76.9	$ (13.7)	$ 2.7
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share	28.2	30.7	28.3	31.2
Weighted Average Number Diluted Shares Outstanding Adjustment	0.4	0.7	0	0.8
Weighted Average Number of Shares Outstanding, Diluted	28.6	31.4	28.3	32
Earnings (loss) per share of Class A Stock and Common Stock:
Basic (in Dollars per share)	$ 1.73	$ 2.51	$ (0.48)	$ 0.09
Diluted (in Dollars per share)	$ 1.71	$ 2.45	$ (0.48)	$ 0.09
Antidilutive shares excluded from calculation of earnings per share (in shares)	1.8	1.1	0	0.7
Options outstanding pursuant to stock-based compensation plans (in millions)	2.8	3.1	2.8	3.1

Earnings (Loss) Per Share - S_2

Earnings (Loss) Per Share - Schedule of Options Outstanding (Details) - shares shares in Millions	Nov. 30, 2024	Nov. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options outstanding pursuant to stock-based compensation plans (in millions)	2.8	3.1

Earnings (Loss) Per Share - Nar

Earnings (Loss) Per Share - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation of earnings per share (in shares)	1.8	1.1	0	0.7
Remaining authorized stock repurchase amount	$ 76.6		$ 76.6
Stock option expense
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation of earnings per share (in shares)			2.8
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation of earnings per share (in shares)			0.4

Goodwill and Other Intangible_2

Goodwill and Other Intangibles - Schedule of activity in goodwill (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	May 31, 2024	May 31, 2023
Goodwill [Line Items]
Gross goodwill			$ 172.4	$ 172.3
Goodwill, Impaired, Accumulated Impairment Loss			(39.6)	$ (39.6)
Goodwill [Roll Forward]
Beginning balance	$ 132.8	$ 132.7	132.7
Additions		0	0
Foreign currency translation	(1.6)	0.1	0.1
Ending balance	202.2	132.8	132.8
9 Story Media Group Inc.
Goodwill [Roll Forward]
Additions	70.1
Measurement period adjustments	0.9	0	0
Ending balance	71
Measurement period adjustments	0.9	$ 0	$ 0
Increase (decrease) to acquired deferred tax liabilities	1.4
Increase (decrease) to acquired operating lease right of use assets	0.3
Increase (decrease) to acquired lease libailtiies	(0.1)
Increase (decrease) to purchase price	$ (0.1)

Goodwill and Other Intangible_3

Goodwill and Other Intangibles - Narrative (Details) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	May 31, 2024	Nov. 30, 2024	Nov. 30, 2023	May 31, 2024	May 31, 2023
Goodwill [Line Items]
Additions			$ 0	$ 0
Goodwill, Impairment Loss		$ 0	0	0
Amortizable intangible assets acquired		$ 85,300,000	5,800,000	$ 6,000,000
Useful life		8 years 9 months 18 days
Impairment of Intangible Assets, Finite-Lived	$ 3,100,000
Impairment of intangible assets (excluding goodwill)		$ 0	0
Amortizable Intangible Assets - Educational Programs
Goodwill [Line Items]
Amortizable intangible assets acquired			$ 5,800,000
Useful life	8 years			8 years
Amortizable Intangible Assets - Children's Book Publishing Business
Goodwill [Line Items]
Amortizable intangible assets acquired				$ 200,000
Useful life	5 years			5 years
9 Story Media Group Inc.
Goodwill [Line Items]
Additions		70,100,000
Amortizable intangible assets acquired		$ 85,300,000
Learning Ovations, Inc.
Goodwill [Line Items]
Amortizable intangible assets acquired					$ 4,100,000

Goodwill and Other Intangible_4

Goodwill and Other Intangibles - Schedule of other intangible assets subject to amortization (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	May 31, 2024
Finite-lived Intangible Assets [Roll Forward]
Beginning balance other intangibles subject to amortization	$ 8.2	$ 7.8	$ 7.8
Additions	85.3	5.8	6
Amortization expense	(5.4)	(1.2)	(2.6)
Foreign currency translation	(1.6)	0	0.1
Impairments	0	0	(3.1)
Total other intangibles subject to amortization, net of accumulated amortization of $24.8, $24.1 and $22.5, respectively	86.5	12.4	8.2
Accumulated amortization of intangible assets	44.5	37.7	39.1
Total other intangibles not subject to amortization	2.1	2.1	2.1
Total other intangibles	$ 88.6	$ 14.5	$ 10.3

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Millions		3 Months Ended				5 Months Ended	6 Months Ended
	Jun. 20, 2024	Nov. 30, 2024	Aug. 31, 2024	Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2024	Nov. 30, 2024	Nov. 30, 2023	May 31, 2024	Jun. 01, 2023	May 31, 2023
Business Acquisition [Line Items]
Noncontrolling interest, equity, carrying amount										$ 1.6
Additional paid-in capital		$ 603.5		$ 630.8		$ 603.5	$ 603.5	$ 630.8	$ 604.6	$ 0.5
Revenues		544.6		562.6			781.8	791.1
Net income (loss)		48.8	$ (62.5)	$ 76.9	$ (74.2)		(13.7)	$ 2.7
9 Story Media Group Inc.
Business Acquisition [Line Items]
Percentage of outstanding shares acquired	100%
Percentage of interests acquired	25%
Revenues						31.9
Net income (loss)						$ 4.2
Acquisition related costs		$ 0.4					$ 2.1
9 Story Media Group Inc. | Intellectual Property and Customer Contracts/Relationships
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life	10 years
9 Story Media Group Inc. | Customer Relationships
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life	5 years
9 Story Media Group Inc. | Trade Names
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life	10 years
9 Story Media Group Inc. | Software Development
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life	3 years
Scholastic, Inc. | Make Believe Ideas Limited (MBI)
Business Acquisition [Line Items]
Ownership percentage										100%	95%

Acquisitions - Assets and Liabi

Acquisitions - Assets and Liabilities Acquired (Details) - USD ($) $ in Millions	Jun. 20, 2024	Nov. 30, 2024	May 31, 2024	Nov. 30, 2023	May 31, 2023
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Goodwill		$ 202.2	$ 132.8	$ 132.8	$ 132.7
9 Story Media Group Inc.
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and cash equivalents	$ 17.5
Accounts receivable	15.9
Investment in film and television programs	42.9
Property, plant and equipment	6
Operating lease right-of-use assets	6.1
Other assets	35.8
Total assets acquired	209.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Accounts payable	2.3
Accrued expenses	16.3
Deferred revenue	10.9
Film related obligations	34.9
Operating lease liabilities	7.7
Other liabilities	14.7
Total liabilities assumed	86.8
Preliminary fair value of net assets acquired	122.7
Goodwill	71	$ 71
Preliminary purchase price consideration	193.7
Step-up adjustment	1.8
Government tax credits	31.9
9 Story Media Group Inc. | Existing Content/IP
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Other Intangible assets:	16
9 Story Media Group Inc. | Customer Relationships
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Other Intangible assets:	51.5
9 Story Media Group Inc. | Trade Names
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Other Intangible assets:	16.5
9 Story Media Group Inc. | Software Development
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Other Intangible assets:	$ 1.3

Acquisitions - Pro Forma Inform

Acquisitions - Pro Forma Information (Details) - 9 Story Media Group Inc. - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Business Acquisition [Line Items]
Revenues	$ 544.6	$ 578.8	$ 787.5	$ 827.1
Net income (loss)	$ 48.8	$ 73.9	$ (15.5)	$ (4.9)

Investments - Summary of the Co

Investments - Summary of the Company's Investments (Details) - USD ($) $ in Millions	Nov. 30, 2024	May 31, 2024	Nov. 30, 2023
Debt and Equity Securities, FV-NI [Line Items]
Total Investments	$ 38.6	$ 37.5	$ 38.4
Total International
Debt and Equity Securities, FV-NI [Line Items]
Equity method investments	32.1	31.5	32.4
Total Entertainment | Equity method and other investments
Debt and Equity Securities, FV-NI [Line Items]
Equity method and other investments	$ 6.5	$ 6	$ 6

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Jun. 20, 2024	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Debt and Equity Securities, FV-NI [Line Items]
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Cumulative Amount		$ 0		$ 0
Income from equity-method investments		$ 0.6	$ 0.1	$ 0.8	$ 0.3
9 Story Media Group Inc.
Debt and Equity Securities, FV-NI [Line Items]
Equity method and other investments	$ 0.9
Total Children's Book Publishing and Distribution
Debt and Equity Securities, FV-NI [Line Items]
Equity method ownership percentage		26.20%		26.20%
Financing and Production Company | Financing and Production Company
Debt and Equity Securities, FV-NI [Line Items]
Other equity percentage				4.60%
UK Children's Book Publishing
Debt and Equity Securities, FV-NI [Line Items]
Other equity investments, percentage acquired	12%
Animated Television Production Companies
Debt and Equity Securities, FV-NI [Line Items]
Equity method ownership percentage	50%

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of net periodic costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Pension Plans | Foreign Plan
Components of net periodic benefit (credit) cost:
Interest cost	$ 200	$ 300	$ 600	$ 700
Expected return on assets	(200)	(300)	(500)	(600)
Net amortization of prior service credit	0	0	0	0
Amortization of (gain) loss	400	300	700	600
Net periodic benefit (credit) cost	400	300	800	700
Post-Retirement Benefits
Components of net periodic benefit (credit) cost:
Interest cost	100	100	200	200
Expected return on assets	0	0	0	0
Net amortization of prior service credit	(200)	(200)	(400)	(400)
Amortization of (gain) loss	0	0	0	0
Net periodic benefit (credit) cost	$ (100)	$ (100)	$ (200)	$ (200)

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Nov. 30, 2024	May 31, 2025
Employee Benefit Plans (Details) [Line Items]
Pension contributions	$ 0.7
Pension Plans | Foreign Plan | Forecast
Employee Benefit Plans (Details) [Line Items]
Expected future employer contributions		$ 1.3

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Stock-Based Compensation (Details) - Schedule of stock-based compensation [Line Items]
Stock-based compensation expense	$ 2.1	$ 4.1	$ 4.3	$ 6.4
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	0.1	0.3	0.2	0.4
Stock option expense
Stock-Based Compensation (Details) - Schedule of stock-based compensation [Line Items]
Stock-based compensation expense	$ 0.2	$ 2.4	$ 0.8	$ 3
Restricted stock unit expense
Stock-Based Compensation (Details) - Schedule of stock-based compensation [Line Items]
Stock-based compensation expense	1.7	1.4	3.2	2.9
Management stock purchase plan
Stock-Based Compensation (Details) - Schedule of stock-based compensation [Line Items]
Stock-based compensation expense	0.1	0.3	0.1	0.3
Employee stock purchase plan
Stock-Based Compensation (Details) - Schedule of stock-based compensation [Line Items]
Stock-based compensation expense	$ 0.1	$ 0	$ 0.2	$ 0.2

Treasury Stock - Schedule of re

Treasury Stock - Schedule of repurchase of common stock (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended	12 Months Ended
	Nov. 30, 2024	Aug. 31, 2024	Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2024	Nov. 30, 2024	Mar. 20, 2024	Dec. 13, 2023
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock to be repurchased	$ 120.8				$ 120.8	$ 120.8	$ 54.6
Less repurchases made under these authorizations	(5)	$ (5)	$ (52.3)	$ (36.2)	(10)
Remaining Board authorization at November 30, 2024	$ 76.6				$ 76.6	76.6
Board Authorized 2023 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock to be repurchased								$ 66.2
Board Authorized 2024 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock to be repurchased							$ 54.6
Under all Board Authorizations
Equity, Class of Treasury Stock [Line Items]
Less repurchases made under these authorizations						$ (44.2)

Treasury Stock - Narrative (Det

Treasury Stock - Narrative (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Nov. 30, 2024	Aug. 31, 2024	Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2024	Mar. 20, 2024
Equity, Attributable to Parent [Abstract]
Authorized amount of stock to be repurchased	$ 120.8				$ 120.8	$ 54.6
Treasury stock, value acquired	$ 5	$ 5	$ 52.3	$ 36.2	$ 10

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Schedule of AOCI Activity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			$ (52.5)
Other comprehensive income (loss) before reclassifications	$ (11.9)	$ 0.2	(3.7)	$ 2
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax	(0.4)	(0.3)	(0.7)	(0.6)
Amortization of prior service (credit) cost (net of tax of $0.0)	(0.2)	(0.2)	(0.3)	(0.3)
Other comprehensive income (loss)	(11.7)	0.3	(3.3)	2.3
Ending balance	(55.8)	(53.5)	(55.8)	(53.5)
Reclassification adjustment from AOCI, tax	0	0	0	0
Amortization of prior service credit, tax	0	0	0.1	0.1
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(44.1)	(53.8)	(52.5)	(55.8)
Ending balance	(55.8)	(53.5)	(55.8)	(53.5)
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(38.7)	(48.2)	(46.9)	(50)
Other comprehensive income (loss) before reclassifications	(11.9)	0.2	(3.7)	2
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax	0	0	0	0
Amortization of prior service (credit) cost (net of tax of $0.0)	0	0	0	0
Other comprehensive income (loss)	(11.9)	0.2	(3.7)	2
Ending balance	(50.6)	(48)	(50.6)	(48)
Retirement benefit plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(5.4)	(5.6)	(5.6)	(5.8)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax	(0.4)	(0.3)	(0.7)	(0.6)
Amortization of prior service (credit) cost (net of tax of $0.0)	(0.2)	(0.2)	(0.3)	(0.3)
Other comprehensive income (loss)	0.2	0.1	0.4	0.3
Ending balance	$ (5.2)	$ (5.5)	$ (5.2)	$ (5.5)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Reclassification out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Less: Tax effect	$ (21.2)	$ (24.6)	$ 8.1	$ (0.8)
Net income (loss) attributable to Scholastic Corporation			13.7	(2.7)
Amount reclassified from Accumulated other comprehensive income (loss) | Retirement benefit plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of unrecognized gain (loss)	0.4	0.3	0.7	0.6
Amortization of prior service (credit) loss	(0.2)	(0.2)	(0.4)	(0.4)
Less: Tax effect	0	0	0.1	0.1
Net income (loss) attributable to Scholastic Corporation	$ 0.2	$ 0.1	$ 0.4	$ 0.3

Income Taxes and Other Taxes (D

Income Taxes and Other Taxes (Details)	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Income Tax And Non Income Tax Disclosure [Abstract]
Effective income tax rate (percentage)	30.30%	24.20%	37.20%	22.90%

Derivatives and Hedging (Detail

Derivatives and Hedging (Details) - Not Designated as Hedging Instrument - Foreign Exchange Contract - USD ($) $ in Millions	6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss)	$ (0.6)	$ (0.3)
Derivative, Notional Amount	22.8	22.8
Derivative, Notional Amount	$ 22.8	$ 22.8

Other Accrued Expenses - Schedu

Other Accrued Expenses - Schedule of accrued expenses (Details) - USD ($) $ in Millions	Nov. 30, 2024	May 31, 2024	Nov. 30, 2023
Schedule of accrued expenses [Abstract]
Accrued payroll, payroll taxes and benefits	$ 35.6	$ 32.9	$ 32.8
Accrued bonus and commissions	17.7	21.6	13.7
Returns liability	34.8	33.1	37.7
Accrued other taxes	25	23	28.4
Accrued advertising and promotions	7.8	5.7	9.7
Other accrued expenses	42.3	40	40.2
Total accrued expenses	$ 163.2	$ 156.3	$ 162.5

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares		3 Months Ended
	Dec. 11, 2024	Aug. 31, 2024	Aug. 31, 2023
Subsequent Event [Line Items]
Dividends declared per class A and common share (in Dollars per share)		$ 0.20	$ 0.20
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per class A and common share (in Dollars per share)	$ 0.20