$SCHL
SCHOLASTIC CORP Stock $schl

$schl Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-Q Financial Statement

#000086672916000033 Filed on September 23, 2016

Income Statement

Concept	2016 Q3	2015 Q3
Revenue	$282.7M	$191.2M
YoY Change	47.86%	0.37%
Cost Of Revenue	$169.7M	$114.5M
YoY Change	48.21%	0.97%
Gross Profit	$113.0M	$76.70M
YoY Change	47.33%	-0.52%
Gross Profit Margin	39.97%	40.12%
Selling, General & Admin	$166.0M	$145.7M
YoY Change	13.93%	-3.38%
% of Gross Profit	146.9%	189.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$15.40M	$17.40M
YoY Change	-11.49%	-14.71%
% of Gross Profit	13.63%	22.69%
Operating Expenses	$345.2M	$270.7M
YoY Change	27.52%	-2.38%
Operating Profit	-$62.50M	-$79.50M
YoY Change	-21.38%	-8.41%
Interest Expense	-$1.800M
YoY Change
% of Operating Profit
Other Income/Expense, Net	-$300.0K	-$100.0K
YoY Change	200.0%	-88.89%
Pretax Income	-$63.40M	-$79.60M
YoY Change	-20.35%	-9.24%
Income Tax	-$23.90M	-$30.70M
% Of Pretax Income
Net Earnings	-$39.60M	-$49.40M
YoY Change	-19.84%	44.87%
Net Earnings / Revenue	-14.01%	-25.84%
Basic Earnings Per Share	-$1.15	-$1.48
Diluted Earnings Per Share	-$1.15	-$1.48
COMMON SHARES
Basic Shares Outstanding	34.40M shares	33.40M shares
Diluted Shares Outstanding	0.000 shares	0.000 shares

Balance Sheet

Concept	2016 Q3	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$287.6M	$250.3M
YoY Change	14.9%	1525.32%
Cash & Equivalents	$287.6M	$250.3M
Short-Term Investments
Other Short-Term Assets	$123.4M	$235.1M
YoY Change	-47.51%	31.05%
Inventory	$375.7M	$367.0M
Prepaid Expenses
Receivables	$222.6M	$148.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.009B	$1.000B
YoY Change	0.89%	21.35%
LONG-TERM ASSETS
Property, Plant & Equipment	$438.7M	$434.0M
YoY Change	1.08%	-5.61%
Goodwill	$116.3M	$116.2M
YoY Change	0.09%	-4.6%
Intangibles	$6.300M	$6.800M
YoY Change	-7.35%	-15.0%
Long-Term Investments
YoY Change
Other Assets	$116.7M	$59.00M
YoY Change	97.8%	12.38%
Total Long-Term Assets	$765.9M	$706.6M
YoY Change	8.39%	-17.49%
TOTAL ASSETS
Total Short-Term Assets	$1.009B	$1.000B
Total Long-Term Assets	$765.9M	$706.6M
Total Assets	$1.775B	$1.707B
YoY Change	4.0%	1.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$203.6M	$224.3M
YoY Change	-9.23%	2.19%
Accrued Expenses	$217.9M	$179.9M
YoY Change	21.12%	-10.9%
Deferred Revenue
YoY Change
Short-Term Debt	$12.10M	$0.00
YoY Change
Long-Term Debt Due	$12.10M	$5.700M
YoY Change	112.28%	-58.99%
Total Short-Term Liabilities	$481.1M	$458.6M
YoY Change	4.91%	-15.2%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Other Long-Term Liabilities	$75.50M	$68.90M
YoY Change	9.58%	10.59%
Total Long-Term Liabilities	$75.50M	$68.90M
YoY Change	9.58%	-72.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$481.1M	$458.6M
Total Long-Term Liabilities	$75.50M	$68.90M
Total Liabilities	$556.6M	$527.5M
YoY Change	5.52%	-33.07%
SHAREHOLDERS EQUITY
Retained Earnings	$1.015B	$985.4M
YoY Change	3.0%	35.71%
Common Stock	$400.0K	$400.0K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$310.6M	$321.4M
YoY Change	-3.36%	-11.19%
Treasury Stock Shares
Shareholders Equity	$1.219B	$1.180B
YoY Change
Total Liabilities & Shareholders Equity	$1.775B	$1.707B
YoY Change	4.0%	1.56%

Cashflow Statement

Concept	2016 Q3	2015 Q3
OPERATING ACTIVITIES
Net Income	-$39.60M	-$49.40M
YoY Change	-19.84%	44.87%
Depreciation, Depletion And Amortization	$15.40M	$17.40M
YoY Change	-11.49%	-14.71%
Cash From Operating Activities	-$105.5M	-$291.7M
YoY Change	-63.83%	422.76%
INVESTING ACTIVITIES
Capital Expenditures	$10.20M	$5.600M
YoY Change	82.14%	-22.22%
Acquisitions	$400.0K	$500.0K
YoY Change	-20.0%	-16.67%
Other Investing Activities	$4.500M	$2.000M
YoY Change	125.0%	233.33%
Cash From Investing Activities	-$12.40M	-$9.500M
YoY Change	30.53%	-56.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$5.800M	$45.30M
YoY Change	-87.2%	-37.08%
NET CHANGE
Cash From Operating Activities	-$105.5M	-$291.7M
Cash From Investing Activities	-$12.40M	-$9.500M
Cash From Financing Activities	$5.800M	$45.30M
Net Change In Cash	-$112.1M	-$255.9M
YoY Change	-56.19%	4552.73%
FREE CASH FLOW
Cash From Operating Activities	-$105.5M	-$291.7M
Capital Expenditures	$10.20M	$5.600M
Free Cash Flow	-$115.7M	-$297.3M
YoY Change	-61.08%	371.9%

Facts In Submission

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CY2016Q3	dei	Document Period End Date DocumentPeriodEndDate	2016-08-31
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CY2016Q3	us-gaap	Finite Lived Intangible Assets Foreign Currency Translation Gain Loss FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss	-100000	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4700000	USD
CY2015Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4700000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4700000	USD
CY2016Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4200000	USD
CY2015Q3	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	500000	USD
CY2016	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	2400000	USD
CY2016Q3	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	200000	USD
CY2015Q2	us-gaap	Goodwill Goodwill	116300000	USD
CY2015Q3	us-gaap	Goodwill Goodwill	116200000	USD
CY2016Q2	us-gaap	Goodwill Goodwill	116200000	USD
CY2016Q3	us-gaap	Goodwill Goodwill	116300000	USD
CY2015Q3	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-100000	USD
CY2016	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-100000	USD
CY2016Q3	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	100000	USD
CY2015Q3	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	39600000	USD
CY2016Q2	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	39600000	USD
CY2016Q3	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	39600000.0	USD
CY2015Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-48900000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-39500000	USD
CY2015Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-79600000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-63400000	USD
CY2015Q3	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-1.46
CY2016Q3	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-1.15
CY2015Q3	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-1.46
CY2016Q3	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-1.15
CY2015Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	-500000	USD
CY2016Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	-100000	USD
CY2015Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	-0.02
CY2016Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0.00
CY2015Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	-0.02
CY2016Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.00
CY2015Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1200000	USD
CY2016Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1800000	USD
CY2015Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-30700000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-23900000	USD
CY2015Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	52200000	USD
CY2016Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	69700000	USD
CY2015Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-40500000	USD
CY2016Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	29300000	USD
CY2015Q3	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	-151300000	USD
CY2015Q3	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	71600000	USD
CY2016Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	26200000	USD
CY2016Q3	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	25500000	USD
CY2016Q3	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	400000	USD
CY2015Q3	us-gaap	Increase Decrease In Deferred Charges IncreaseDecreaseInDeferredCharges	6500000	USD
CY2016Q3	us-gaap	Increase Decrease In Deferred Charges IncreaseDecreaseInDeferredCharges	6700000	USD
CY2015Q3	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	20900000	USD
CY2016Q3	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	21700000	USD
CY2015Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	116400000	USD
CY2016Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	108800000	USD
CY2015Q3	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-200000	USD
CY2016Q3	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-100000	USD
CY2015Q3	us-gaap	Increase Decrease In Pension And Postretirement Obligations IncreaseDecreaseInPensionAndPostretirementObligations	-1300000	USD
CY2016Q3	us-gaap	Increase Decrease In Pension And Postretirement Obligations IncreaseDecreaseInPensionAndPostretirementObligations	-1600000	USD
CY2016Q3	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	42700000	USD
CY2015Q3	us-gaap	Increase Decrease In Royalties Payable IncreaseDecreaseInRoyaltiesPayable	13300000	USD
CY2016Q3	us-gaap	Increase Decrease In Royalties Payable IncreaseDecreaseInRoyaltiesPayable	34900000	USD
CY2015Q3	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	2100000	USD
CY2016Q2	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	2100000	USD
CY2016Q3	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	2100000	USD
CY2015Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6800000	USD
CY2016Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6800000	USD
CY2016Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6300000	USD
CY2015Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-100000	USD
CY2016Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-300000	USD
CY2015Q3	us-gaap	Inventory Net InventoryNet	367000000	USD
CY2016Q2	us-gaap	Inventory Net InventoryNet	271200000	USD
CY2016Q3	us-gaap	Inventory Net InventoryNet	375700000	USD
CY2015Q3	us-gaap	Inventory Write Down InventoryWriteDown	4000000	USD
CY2016Q3	us-gaap	Inventory Write Down InventoryWriteDown	4100000	USD
CY2015Q3	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	27600000	USD
CY2015Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1707000000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1713100000	USD
CY2016Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1775200000	USD
CY2015Q3	us-gaap	Liabilities Current LiabilitiesCurrent	458600000	USD
CY2016Q2	us-gaap	Liabilities Current LiabilitiesCurrent	378300000	USD
CY2016Q3	us-gaap	Liabilities Current LiabilitiesCurrent	481100000	USD
CY2015Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	68900000	USD
CY2016Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	77200000	USD
CY2016Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	75500000	USD
CY2015Q3	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	3000000	USD
CY2016Q2	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	1200000	USD
CY2016Q3	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	300000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	45300000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	5800000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-9500000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12400000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-12000000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-17300000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-291700000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-105500000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-282300000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-104500000	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	-49400000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	-39600000	USD
CY2015Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-49400000	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-39600000	USD
CY2016Q3	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2015Q3	us-gaap	Operating Expenses OperatingExpenses	270700000	USD
CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	345800000	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-79500000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-63100000	USD
CY2015Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	140100000	USD
CY2016Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	175900000	USD
CY2016Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	151600000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-7300000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-1900000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-7300000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-1900000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-6600000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1200000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-6600000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-1200000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	700000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	700000	USD
CY2015Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	68900000	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	77200000	USD
CY2016Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	75500000	USD
CY2015Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	4700000	USD
CY2016Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-300000	USD
CY2015Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5000000	USD
CY2016Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5200000	USD
CY2015Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	500000	USD
CY2016Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	400000	USD
CY2015Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5600000	USD
CY2016Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10200000	USD
CY2015Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2016Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2015Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	121100000	USD
CY2016Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	72500000	USD
CY2016Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	117900000	USD
CY2015Q3	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	30100000	USD
CY2016Q3	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	5200000	USD
CY2015Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	985400000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1059800000	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1015000000	USD
CY2015Q3	us-gaap	Revenues Revenues	191200000	USD
CY2015Q3	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	9000000	USD
CY2016Q3	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	12400000	USD
CY2015Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	3900000	USD
CY2016Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-600000	USD
CY2015Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	434000000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	437600000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	438700000	USD
CY2015Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1500000	USD
CY2016Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2900000	USD
CY2015Q3	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-700000	USD
CY2016Q3	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-700000	USD
CY2015Q3	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	9300000	USD
CY2016Q3	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	5900000	USD
CY2015Q3	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	32000000	USD
CY2016Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	9900000	USD
CY2016Q3	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	5000000	USD
CY2016Q3	us-gaap	Revenues Revenues	282700000	USD
CY2015Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	145700000	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	166600000	USD
CY2015Q3	us-gaap	Share Based Compensation ShareBasedCompensation	1400000	USD
CY2016Q3	us-gaap	Share Based Compensation ShareBasedCompensation	1600000	USD
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3100000	shares
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2800000	shares
CY2016Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	12100000	USD
CY2016Q3	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	45500000	USD
CY2015Q3	us-gaap	Stockholders Equity StockholdersEquity	1179500000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	1257600000	USD
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	1218600000	USD
CY2015Q3	us-gaap	Treasury Stock Value TreasuryStockValue	321400000	USD
CY2016Q2	us-gaap	Treasury Stock Value TreasuryStockValue	316600000	USD
CY2016Q3	us-gaap	Treasury Stock Value TreasuryStockValue	310600000	USD
	us-gaap	Treasury Stock Value Acquired Par Value Method TreasuryStockValueAcquiredParValueMethod	4500000	USD
CY2016Q3	us-gaap	Treasury Stock Value Acquired Par Value Method TreasuryStockValueAcquiredParValueMethod	0	USD
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	33400000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34400000	shares
CY2016Q3	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 700,sans-serif;font-size:10pt;font-style:normal;font-weight:bold;text-decoration:none;">Use of estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">The Company’s condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and with the instructions to Form 10-Q and Regulation S-X. The preparation of these financial statements involves the use of estimates and assumptions by management, which affects the amounts reported in the condensed consolidated 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 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 calculations, including, but not limited to:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;"> </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Accounts receivable reserves for returns</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Accounts receivable allowance for doubtful accounts </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Pension and other post-retirement obligations</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Uncertain tax positions</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Inventory reserves</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Cost of goods sold from book fair operations during interim periods determined based on estimated gross profit rates</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Sales taxes</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Royalty advance reserves</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Customer reward programs</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Impairment testing for goodwill for assessment and measurement, intangibles and other long-lived assets and investments</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;">Assets and liabilities acquired in business combinations.</font></div></td></tr></table><div style="line-height:120%;padding-left:132px;text-indent:-72px;font-size:10pt;"><font style="font-family:Museo Sans 300,sans-serif;font-size:10pt;"><br clear="none"/></font></div></div>

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schl-ex32_20160831xq1.htm	Edgar Link	pending
schl20160831-10q.htm	Edgar Link	pending
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$SCHL
SCHOLASTIC CORP Stock $schl

2016 Q3 Form 10-Q Financial Statement

#000086672916000033 Filed on September 23, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SCHL SCHOLASTIC CORP Stock $schl

2016 Q3 Form 10-Q Financial Statement

#000086672916000033 Filed on September 23, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SCHL
SCHOLASTIC CORP Stock $schl