$SCHL
SCHOLASTIC CORP Stock $schl

$schl Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000086672917000012 Filed on September 21, 2017

Income Statement

Concept	2017 Q3	2016 Q3
Revenue	$189.2M	$282.7M
YoY Change	-33.07%	47.86%
Cost Of Revenue	$115.6M	$169.7M
YoY Change	-31.88%	48.21%
Gross Profit	$73.60M	$113.0M
YoY Change	-34.87%	47.33%
Gross Profit Margin	38.9%	39.97%
Selling, General & Admin	$159.5M	$166.0M
YoY Change	-3.92%	13.93%
% of Gross Profit	216.71%	146.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$15.50M	$15.40M
YoY Change	0.65%	-11.49%
% of Gross Profit	21.06%	13.63%
Operating Expenses	$291.0M	$345.2M
YoY Change	-15.7%	27.52%
Operating Profit	-$101.8M	-$62.50M
YoY Change	62.88%	-21.38%
Interest Expense	-$900.0K	-$1.800M
YoY Change	-50.0%
% of Operating Profit
Other Income/Expense, Net	-$100.0K	-$300.0K
YoY Change	-66.67%	200.0%
Pretax Income	-$101.6M	-$63.40M
YoY Change	60.25%	-20.35%
Income Tax	-$37.90M	-$23.90M
% Of Pretax Income
Net Earnings	-$63.70M	-$39.60M
YoY Change	60.86%	-19.84%
Net Earnings / Revenue	-33.67%	-14.01%
Basic Earnings Per Share	-$1.81	-$1.15
Diluted Earnings Per Share	-$1.81	-$1.15
COMMON SHARES
Basic Shares Outstanding	35.20M shares	34.40M shares
Diluted Shares Outstanding	0.000 shares	0.000 shares

Balance Sheet

Concept	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$311.9M	$287.6M
YoY Change	8.45%	14.9%
Cash & Equivalents	$311.9M	$287.6M
Short-Term Investments
Other Short-Term Assets	$113.0M	$123.4M
YoY Change	-8.43%	-47.51%
Inventory	$386.5M	$375.7M
Prepaid Expenses
Receivables	$145.4M	$222.6M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$956.8M	$1.009B
YoY Change	-5.2%	0.89%
LONG-TERM ASSETS
Property, Plant & Equipment	$487.1M	$438.7M
YoY Change	11.03%	1.08%
Goodwill	$119.2M	$116.3M
YoY Change	2.49%	0.09%
Intangibles	$10.70M	$6.300M
YoY Change	69.84%	-7.35%
Long-Term Investments
YoY Change
Other Assets	$99.60M	$116.7M
YoY Change	-14.65%	97.8%
Total Long-Term Assets	$802.8M	$765.9M
YoY Change	4.82%	8.39%
TOTAL ASSETS
Total Short-Term Assets	$956.8M	$1.009B
Total Long-Term Assets	$802.8M	$765.9M
Total Assets	$1.760B	$1.775B
YoY Change	-0.88%	4.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$187.2M	$203.6M
YoY Change	-8.06%	-9.23%
Accrued Expenses	$205.2M	$217.9M
YoY Change	-5.83%	21.12%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$12.10M
YoY Change	-100.0%
Long-Term Debt Due	$12.00M	$12.10M
YoY Change	-0.83%	112.28%
Total Short-Term Liabilities	$450.9M	$481.1M
YoY Change	-6.28%	4.91%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$65.70M	$75.50M
YoY Change	-12.98%	9.58%
Total Long-Term Liabilities	$65.70M	$75.50M
YoY Change	-12.98%	9.58%
TOTAL LIABILITIES
Total Short-Term Liabilities	$450.9M	$481.1M
Total Long-Term Liabilities	$65.70M	$75.50M
Total Liabilities	$516.6M	$556.6M
YoY Change	-7.19%	5.52%
SHAREHOLDERS EQUITY
Retained Earnings	$1.022B	$1.015B
YoY Change	0.71%	3.0%
Common Stock	$400.0K	$400.0K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$298.1M	$310.6M
YoY Change	-4.02%	-3.36%
Treasury Stock Shares
Shareholders Equity	$1.243B	$1.219B
YoY Change
Total Liabilities & Shareholders Equity	$1.760B	$1.775B
YoY Change	-0.88%	4.0%

Cashflow Statement

Concept	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	-$63.70M	-$39.60M
YoY Change	60.86%	-19.84%
Depreciation, Depletion And Amortization	$15.50M	$15.40M
YoY Change	0.65%	-11.49%
Cash From Operating Activities	-$92.40M	-$105.5M
YoY Change	-12.42%	-63.83%
INVESTING ACTIVITIES
Capital Expenditures	$32.70M	$10.20M
YoY Change	220.59%	82.14%
Acquisitions	$200.0K	$400.0K
YoY Change	-50.0%	-20.0%
Other Investing Activities	-$200.0K	$4.500M
YoY Change	-104.44%	125.0%
Cash From Investing Activities	-$38.80M	-$12.40M
YoY Change	212.9%	30.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$4.200M	$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$1.300M	$5.800M
YoY Change	-122.41%	-87.2%
NET CHANGE
Cash From Operating Activities	-$92.40M	-$105.5M
Cash From Investing Activities	-$38.80M	-$12.40M
Cash From Financing Activities	-$1.300M	$5.800M
Net Change In Cash	-$132.5M	-$112.1M
YoY Change	18.2%	-56.19%
FREE CASH FLOW
Cash From Operating Activities	-$92.40M	-$105.5M
Capital Expenditures	$32.70M	$10.20M
Free Cash Flow	-$125.1M	-$115.7M
YoY Change	8.12%	-61.08%

Facts In Submission

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CY2016Q3	us-gaap	Finite Lived Intangible Assets Foreign Currency Translation Gain Loss FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss	-100000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Foreign Currency Translation Gain Loss FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss	0	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4700000	USD
CY2016Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4200000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	9000000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	8600000	USD
CY2016	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	7000000	USD
CY2016Q3	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	200000	USD
CY2017Q3	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	100000	USD
CY2016Q2	us-gaap	Goodwill Goodwill	116200000	USD
CY2016Q3	us-gaap	Goodwill Goodwill	116300000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-63700000	USD
CY2017Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	51900000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-63400000	USD
CY2016Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	29300000	USD
CY2017Q2	us-gaap	Goodwill Goodwill	118900000	USD
CY2017Q3	us-gaap	Goodwill Goodwill	119200000	USD
CY2016	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	2800000	USD
CY2016Q3	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	USD
CY2017Q3	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	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
CY2017Q3	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	300000	USD
CY2016Q3	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	39600000	USD
CY2017Q2	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	39600000	USD
CY2017Q3	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	39600000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-39500000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-101600000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-1.15
CY2017Q3	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-1.81
CY2016Q3	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-1.15
CY2017Q3	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-1.81
CY2016Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	-100000	USD
CY2017Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	0	USD
CY2016Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0.00
CY2017Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0.00
CY2016Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.00
CY2017Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.00
CY2016Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1800000	USD
CY2017Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1200000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-23900000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-37900000	USD
CY2016Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	69700000	USD
CY2017Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-53000000	USD
CY2016Q3	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	400000	USD
CY2017Q3	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	-1100000	USD
CY2016Q3	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	21700000	USD
CY2017Q3	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	20200000	USD
CY2016Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	108800000	USD
CY2017Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	104300000	USD
CY2016Q3	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-100000	USD
CY2017Q3	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	400000	USD
CY2016Q3	us-gaap	Increase Decrease In Pension And Postretirement Obligations IncreaseDecreaseInPensionAndPostretirementObligations	-1600000	USD
CY2017Q3	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	49400000	USD
CY2017Q3	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	67700000	USD
CY2016Q3	us-gaap	Increase Decrease In Royalties Payable IncreaseDecreaseInRoyaltiesPayable	34900000	USD
CY2017Q3	us-gaap	Increase Decrease In Royalties Payable IncreaseDecreaseInRoyaltiesPayable	17000000	USD
CY2016Q3	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	2100000	USD
CY2017Q2	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	2100000	USD
CY2017Q3	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	2100000	USD
CY2016Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6300000	USD
CY2017Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	11100000	USD
CY2017Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	10700000	USD
CY2016Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-300000	USD
CY2017Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	300000	USD
CY2016Q3	us-gaap	Inventory Net InventoryNet	375700000	USD
CY2017Q2	us-gaap	Inventory Net InventoryNet	282500000	USD
CY2017Q3	us-gaap	Inventory Net InventoryNet	386500000	USD
CY2016Q3	us-gaap	Inventory Write Down InventoryWriteDown	4100000	USD
CY2017Q3	us-gaap	Inventory Write Down InventoryWriteDown	3500000	USD
CY2016Q3	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	25500000	USD
CY2017Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	28600000	USD
CY2017Q3	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	28700000	USD
CY2016Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1775200000	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1760400000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1759600000	USD
CY2016Q3	us-gaap	Liabilities Current LiabilitiesCurrent	481100000	USD
CY2017Q2	us-gaap	Liabilities Current LiabilitiesCurrent	387100000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	450900000	USD
CY2016Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	75500000	USD
CY2017Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	65400000	USD
CY2017Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	65700000	USD
CY2016Q3	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	300000	USD
CY2017Q2	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	500000	USD
CY2017Q3	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	0	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	5800000	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1300000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12400000	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-38800000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-17300000	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-38800000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-105500000	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-92400000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-104500000	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-92400000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	-39600000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	-63700000	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-39600000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-63700000	USD
CY2017Q3	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	345200000	USD
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	291000000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-62500000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-101800000	USD
CY2016Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	151600000	USD
CY2017Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	178000000	USD
CY2017Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	153300000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-1900000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	3700000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-1900000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	3700000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1200000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	4200000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-1200000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	4200000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	700000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	500000	USD
CY2016Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	75500000	USD
CY2017Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	65400000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	65700000	USD
CY2016Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-300000	USD
CY2017Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1100000	USD
CY2016Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2017Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4200000	USD
CY2016Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5200000	USD
CY2017Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5300000	USD
CY2016Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	400000	USD
CY2017Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	200000	USD
CY2016Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10200000	USD
CY2017Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	32700000	USD
CY2016Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2017Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2016Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	117900000	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	44300000	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	113000000	USD
CY2016Q3	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	5200000	USD
CY2017Q3	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	2800000	USD
CY2016Q3	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	12400000	USD
CY2017Q3	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	20100000	USD
CY2016Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-400000	USD
CY2017Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-800000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	438700000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	475300000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	487100000	USD
CY2016Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2900000	USD
CY2017Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1900000	USD
CY2016Q3	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-700000	USD
CY2017Q3	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-500000	USD
CY2016Q3	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	5900000	USD
CY2017Q3	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	13600000	USD
CY2016Q3	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	5000000	USD
CY2017Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	0	USD
CY2017Q3	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	0	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1015000000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1091200000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1022200000	USD
CY2016Q3	us-gaap	Revenues Revenues	282700000	USD
CY2017Q3	us-gaap	Revenues Revenues	189200000	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	166000000	USD
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	158800000	USD
CY2016Q3	us-gaap	Share Based Compensation ShareBasedCompensation	1600000	USD
CY2017Q3	us-gaap	Share Based Compensation ShareBasedCompensation	1500000	USD
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2800000	shares
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2600000	shares
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod	200000	shares
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod	100000	shares
CY2017Q3	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	33900000	USD
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	1218600000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	1307900000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	1243000000	USD
CY2016Q3	us-gaap	Treasury Stock Value TreasuryStockValue	310600000	USD
CY2017Q2	us-gaap	Treasury Stock Value TreasuryStockValue	296300000	USD
CY2017Q3	us-gaap	Treasury Stock Value TreasuryStockValue	298100000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	16100000	USD
CY2017Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	4700000	USD
CY2016Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	0	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	0	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34400000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35200000	shares
CY2017Q3	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 tax contingencies</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;">Unredeemed incentive 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><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;">Revenues for fairs which have not reported final results</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>

Files In Submission

Name	View Source	Status
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0000866729-17-000012-index.html	Edgar Link	pending
0000866729-17-000012.txt	Edgar Link	pending
0000866729-17-000012-xbrl.zip	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
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schl-20170831.xml	Edgar Link	completed
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schl-ex101_2017outsidedire.htm	Edgar Link	pending
schl-ex102_stockoptionagre.htm	Edgar Link	pending
schl-ex103_restrictedstock.htm	Edgar Link	pending
schl-ex311_20170831xq1.htm	Edgar Link	pending
schl-ex312_20170831xq1.htm	Edgar Link	pending
schl-ex32_20170831xq1.htm	Edgar Link	pending
schl20170831-10q.htm	Edgar Link	pending
schlredbarlogoblackproa05.jpg	Edgar Link	pending
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$SCHL
SCHOLASTIC CORP Stock $schl

2017 Q3 Form 10-Q Financial Statement

#000086672917000012 Filed on September 21, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SCHL SCHOLASTIC CORP Stock $schl

2017 Q3 Form 10-Q Financial Statement

#000086672917000012 Filed on September 21, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SCHL
SCHOLASTIC CORP Stock $schl