2023 Q3 Form 10-Q Financial Statement

#000086672923000028 Filed on September 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q3
Revenue $228.5M $528.3M $262.9M
YoY Change -13.08% 2.7% 1.19%
Cost Of Revenue $130.0M $220.4M $144.5M
YoY Change -10.03% -1.87% 8.4%
Gross Profit $98.50M $307.9M $118.4M
YoY Change -16.81% 6.25% -6.4%
Gross Profit Margin 43.11% 58.28% 45.04%
Selling, General & Admin $184.2M $202.8M $162.8M
YoY Change 13.14% -3.29% 13.37%
% of Gross Profit 187.01% 65.87% 137.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.80M $22.90M $22.50M
YoY Change -29.78% 2.23% -3.02%
% of Gross Profit 16.04% 7.44% 19.0%
Operating Expenses $184.2M $216.5M $162.8M
YoY Change 13.14% -3.13% 13.37%
Operating Profit -$99.10M $91.40M -$58.10M
YoY Change 70.57% 37.86% 81.56%
Interest Expense $1.200M $4.100M $100.0K
YoY Change 1100.0% -783.33% -104.17%
% of Operating Profit 4.49%
Other Income/Expense, Net -$300.0K $100.0K $0.00
YoY Change
Pretax Income -$98.00M $95.60M -$57.90M
YoY Change 69.26% 78.03% 73.87%
Income Tax -$23.80M $19.80M -$12.50M
% Of Pretax Income 20.71%
Net Earnings -$74.20M $75.70M -$45.50M
YoY Change 63.08% 45.3% 88.02%
Net Earnings / Revenue -32.47% 14.33% -17.31%
Basic Earnings Per Share -$2.35 -$1.33
Diluted Earnings Per Share -$2.35 $2.26 -$1.33
COMMON SHARES
Basic Shares Outstanding 31.60M shares 34.30M shares
Diluted Shares Outstanding 31.60M shares 34.30M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.8M $224.5M $239.7M
YoY Change -47.52% -29.09% -22.33%
Cash & Equivalents $125.8M $224.5M $239.7M
Short-Term Investments
Other Short-Term Assets $70.40M $47.00M $89.40M
YoY Change -21.25% -34.54% 24.69%
Inventory $353.2M $334.5M $379.1M
Prepaid Expenses
Receivables $201.9M $278.0M $242.9M
Other Receivables $33.40M $8.900M $40.40M
Total Short-Term Assets $784.7M $892.9M $991.5M
YoY Change -20.86% -10.35% 3.49%
LONG-TERM ASSETS
Property, Plant & Equipment $523.3M $607.1M $512.6M
YoY Change 2.09% 17.43% -6.9%
Goodwill $132.8M $132.7M $124.7M
YoY Change 6.5% 5.91% -0.95%
Intangibles $9.400M $9.900M $7.400M
YoY Change 27.03% 22.22% -25.25%
Long-Term Investments $37.60M
YoY Change
Other Assets $112.1M $77.20M $106.4M
YoY Change 5.36% -28.19% 8.24%
Total Long-Term Assets $987.6M $973.8M $940.2M
YoY Change 5.04% 3.07% -2.79%
TOTAL ASSETS
Total Short-Term Assets $784.7M $892.9M $991.5M
Total Long-Term Assets $987.6M $973.8M $940.2M
Total Assets $1.772B $1.867B $1.932B
YoY Change -8.25% -3.82% 0.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $167.7M $170.9M $208.9M
YoY Change -19.72% 5.3% 12.55%
Accrued Expenses $240.8M $242.9M $268.8M
YoY Change -10.42% -11.8% 4.27%
Deferred Revenue $171.1M $169.1M $182.6M
YoY Change -6.3%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.900M $6.000M $6.300M
YoY Change -6.35% -7.69% -92.96%
Total Short-Term Liabilities $598.7M $602.3M $668.3M
YoY Change -10.41% -2.81% 1.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $35.90M $99.90M $31.30M
YoY Change 14.7% 203.65% -42.14%
Total Long-Term Liabilities $119.0M $99.90M $97.10M
YoY Change 22.55% -2.73% -14.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $598.7M $602.3M $668.3M
Total Long-Term Liabilities $119.0M $99.90M $97.10M
Total Liabilities $717.7M $703.8M $765.4M
YoY Change -6.23% -2.57% -1.33%
SHAREHOLDERS EQUITY
Retained Earnings $955.1M $1.036B $924.1M
YoY Change 3.35% 6.05% 4.18%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $479.8M $449.5M $334.2M
YoY Change 43.57% 31.63% 2.42%
Treasury Stock Shares
Shareholders Equity $1.055B $1.163B $1.165B
YoY Change
Total Liabilities & Shareholders Equity $1.772B $1.867B $1.932B
YoY Change -8.25% -3.82% 0.33%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q3
OPERATING ACTIVITIES
Net Income -$74.20M $75.70M -$45.50M
YoY Change 63.08% 45.3% 88.02%
Depreciation, Depletion And Amortization $15.80M $22.90M $22.50M
YoY Change -29.78% 2.23% -3.02%
Cash From Operating Activities -$38.10M $120.0M -$60.30M
YoY Change -36.82% 152.63% -194.81%
INVESTING ACTIVITIES
Capital Expenditures $19.70M $34.30M -$16.20M
YoY Change -221.6% -288.46% 11.72%
Acquisitions $0.00
YoY Change
Other Investing Activities $2.100M $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$21.80M -$34.30M -$16.20M
YoY Change 34.57% 170.08% 11.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $35.90M -$53.90M $4.700M
YoY Change 663.83%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$39.30M -60.20M $1.600M
YoY Change -2556.25% 128.9% -101.52%
NET CHANGE
Cash From Operating Activities -$38.10M 120.0M -$60.30M
Cash From Investing Activities -$21.80M -34.30M -$16.20M
Cash From Financing Activities -$39.30M -60.20M $1.600M
Net Change In Cash -$98.70M 25.50M -$76.90M
YoY Change 28.35% 200.0% 32.82%
FREE CASH FLOW
Cash From Operating Activities -$38.10M $120.0M -$60.30M
Capital Expenditures $19.70M $34.30M -$16.20M
Free Cash Flow -$57.80M $85.70M -$44.10M
YoY Change 31.07% 30.44% -156.47%

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36200000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Net Income Loss
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CY2023Q3 us-gaap Provision For Doubtful Accounts
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CY2022Q3 us-gaap Provision For Doubtful Accounts
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CY2023Q3 us-gaap Inventory Write Down
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6200000 usd
CY2022Q3 us-gaap Inventory Write Down
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4200000 usd
CY2023Q3 schl Provision For Losses On Royalty
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900000 usd
CY2022Q3 schl Provision For Losses On Royalty
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900000 usd
CY2023Q3 schl Amortization Of Prepublication And Production Costs
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6700000 usd
CY2022Q3 schl Amortization Of Prepublication And Production Costs
AmortizationOfPrepublicationAndProductionCosts
6300000 usd
CY2023Q3 schl Depreciation And Amortization Including Lease Amortization
DepreciationAndAmortizationIncludingLeaseAmortization
15800000 usd
CY2022Q3 schl Depreciation And Amortization Including Lease Amortization
DepreciationAndAmortizationIncludingLeaseAmortization
16200000 usd
CY2023Q3 schl Defined Benefit Plan Amortization Of Gain Loss And Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfGainLossAndPriorServiceCostCredit
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CY2022Q3 schl Defined Benefit Plan Amortization Of Gain Loss And Prior Service Cost Credit
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100000 usd
CY2023Q3 us-gaap Deferred Income Taxes And Tax Credits
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CY2022Q3 us-gaap Deferred Income Taxes And Tax Credits
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CY2023Q3 us-gaap Share Based Compensation
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2300000 usd
CY2022Q3 us-gaap Share Based Compensation
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1700000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
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200000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
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CY2023Q3 us-gaap Increase Decrease In Accounts Receivable
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CY2022Q3 us-gaap Increase Decrease In Accounts Receivable
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CY2023Q3 us-gaap Increase Decrease In Inventories
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24500000 usd
CY2022Q3 us-gaap Increase Decrease In Inventories
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CY2023Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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23400000 usd
CY2022Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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20800000 usd
CY2022Q3 us-gaap Increase Decrease In Income Taxes Receivable
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13700000 usd
CY2022Q3 schl Increase Decrease In Royalty Advances
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9700000 usd
CY2022Q3 us-gaap Increase Decrease In Other Accounts Payable
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48900000 usd
CY2022Q3 us-gaap Increase Decrease In Accrued Taxes Payable
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CY2022Q3 us-gaap Increase Decrease In Royalties Payable
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24500000 usd
CY2022Q3 us-gaap Increase Decrease In Deferred Revenue
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10400000 usd
CY2022Q3 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2022Q3 us-gaap Increase Decrease In Other Operating Capital Net
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1200000 usd
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CY2023Q3 schl Prepublication And Production Expenditures
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5400000 usd
CY2022Q3 schl Prepublication And Production Expenditures
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4800000 usd
CY2022Q3 us-gaap Payments To Acquire Other Property Plant And Equipment
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CY2023Q3 us-gaap Payments For Proceeds From Other Investing Activities
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CY2022Q3 us-gaap Payments For Proceeds From Other Investing Activities
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CY2023Q3 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q3 us-gaap Contract With Customer Liability Current
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171100000 usd
CY2023Q3 schl Proceeds From Lines Of Credit Credit Agreement And Revolving Loan
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700000 usd
CY2023Q3 schl Repayments Of Lines Of Credit Credit Agreement And Revolving Loan
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900000 usd
CY2023Q3 schl Repayments Of Capital Lease Obligations
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600000 usd
CY2022Q3 schl Repayments Of Capital Lease Obligations
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600000 usd
CY2023Q3 us-gaap Payments For Repurchase Of Common Stock
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35900000 usd
CY2022Q3 us-gaap Payments For Repurchase Of Common Stock
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4700000 usd
CY2023Q3 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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3800000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
12100000 usd
CY2023Q3 us-gaap Payments Of Dividends Common Stock
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6500000 usd
CY2022Q3 us-gaap Payments Of Dividends Common Stock
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5100000 usd
CY2023Q3 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022Q3 us-gaap Proceeds From Payments For Other Financing Activities
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CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q3 us-gaap Net Cash Provided By Used In Financing Activities
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1600000 usd
CY2023Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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500000 usd
CY2022Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-2000000.0 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224500000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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316600000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
125800000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
239700000 usd
CY2023Q3 us-gaap Contract With Customer Liability Noncurrent
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10600000 usd
CY2023Q2 us-gaap Contract With Customer Liability
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169100000 usd
CY2022Q3 us-gaap Contract With Customer Liability
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182600000 usd
CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
32300000 usd
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
30800000 usd
CY2023Q3 us-gaap Provision For Doubtful Accounts
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600000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
200000 usd
CY2023Q3 us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Museo Sans 700',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of estimates</span></div><div><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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:</span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Accounts receivable allowance for credit losses </span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Pension and postretirement benefit plans </span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Uncertain tax positions</span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">The timing and amount of future income taxes and related deductions</span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Inventory reserves</span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Cost of goods sold from book fair operations during interim periods based on estimated gross profit rates</span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Sales tax contingencies</span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Royalty advance reserves and royalty expense accruals</span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Impairment testing for goodwill, intangible and other long-lived assets and investments</span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Assets and liabilities acquired in business combinations</span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Variable consideration related to anticipated returns</span></div><div style="padding-left:99pt;text-indent:-54pt"><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Museo Sans 300',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:50pt">Allocation of transaction price to contractual performance obligations</span></div>
CY2023Q3 schl Revenue From Contract With Customer Excluding Rental Income Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingRentalIncomeExcludingAssessedTax
226000000.0 usd
CY2022Q3 schl Revenue From Contract With Customer Excluding Rental Income Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingRentalIncomeExcludingAssessedTax
262900000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
228500000 usd
CY2023Q3 us-gaap Lease Income
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CY2022Q3 us-gaap Lease Income
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CY2023Q3 us-gaap Contract With Customer Refund Liability Current
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CY2023Q2 us-gaap Contract With Customer Refund Liability Current
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CY2022Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
41500000 usd
CY2023Q3 us-gaap Contract With Customer Right To Recover Product Current
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CY2023Q2 us-gaap Contract With Customer Right To Recover Product Current
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CY2022Q3 us-gaap Contract With Customer Right To Recover Product Current
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CY2023Q3 us-gaap Contract With Customer Liability
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CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
17100000 usd
CY2023Q3 us-gaap Number Of Reportable Segments
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3 segment
CY2023Q3 schl Revenue From Contract With Customer Excluding Rental Income Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingRentalIncomeExcludingAssessedTax
226000000.0 usd
CY2022Q3 schl Revenue From Contract With Customer Excluding Rental Income Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingRentalIncomeExcludingAssessedTax
262900000 usd
CY2023Q3 us-gaap Operating Income Loss
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CY2022Q3 us-gaap Operating Income Loss
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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228500000 usd
CY2023Q3 us-gaap Lease Income
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2500000 usd
CY2022Q3 us-gaap Lease Income
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CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
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5900000 usd
CY2023Q2 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2022Q3 us-gaap Debt Longterm And Shortterm Combined Amount
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6300000 usd
CY2023Q3 schl Lines Of Credit Shortterm Debt And Longterm Debt Current
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5900000 usd
CY2023Q2 schl Lines Of Credit Shortterm Debt And Longterm Debt Current
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6000000.0 usd
CY2022Q3 schl Lines Of Credit Shortterm Debt And Longterm Debt Current
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6300000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
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CY2023Q2 us-gaap Long Term Debt Noncurrent
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CY2022Q3 us-gaap Long Term Debt Noncurrent
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CY2023Q3 schl Standby Lettersof Credit
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3800000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31600000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34300000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31600000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34300000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.35
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.33
CY2023Q3 us-gaap Earnings Per Share Diluted
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-2.35
CY2022Q3 us-gaap Earnings Per Share Diluted
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-1.33
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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700000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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500000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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3000000.0 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3300000 shares
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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85700000 usd
CY2023Q3 us-gaap Payments For Proceeds From Other Investing Activities
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2100000 usd
CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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1600000 usd
CY2023Q2 us-gaap Additional Paid In Capital
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500000 usd
CY2023Q2 us-gaap Goodwill Gross
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132700000 usd
CY2022Q2 us-gaap Goodwill Gross
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164900000 usd
CY2022Q2 us-gaap Goodwill Gross
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164900000 usd
CY2023Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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0 usd
CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
39600000 usd
CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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39600000 usd
CY2023Q2 us-gaap Goodwill
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132700000 usd
CY2022Q2 us-gaap Goodwill
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125300000 usd
CY2022Q2 us-gaap Goodwill
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125300000 usd
CY2023Q3 us-gaap Goodwill Acquired During Period
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0 usd
CY2023 us-gaap Goodwill Acquired During Period
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7600000 usd
CY2022Q3 us-gaap Goodwill Acquired During Period
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0 usd
CY2023Q3 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
100000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-200000 usd
CY2022Q3 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-600000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
132800000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
132700000 usd
CY2022Q3 us-gaap Goodwill
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124700000 usd
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
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0 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7800000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6000000.0 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6000000.0 usd
CY2023Q3 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 usd
CY2023 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
4100000 usd
CY2022Q3 us-gaap Finitelived Intangible Assets Acquired1
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0 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2200000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
0.0 usd
CY2023 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-100000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-200000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
37000000.0 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
36500000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
34800000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7300000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7800000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5300000 usd
CY2023Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2100000 usd
CY2023Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2100000 usd
CY2022Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2100000 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9400000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9900000 usd
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7400000 usd
CY2023Q3 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y3M18D
CY2023Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
38300000 usd
CY2023Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
37600000 usd
CY2022Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
34700000 usd
CY2023Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
200000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
100000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
1800000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
0.0 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-300000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
100000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-100000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000.0 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-9600000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
0.0 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-100000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
100000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2300000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1700000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
100000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
300000 shares
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000.0 usd
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
85700000 usd
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0 usd
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
36200000 usd
CY2023Q3 schl Excise Tax On Stock Repurchased
ExciseTaxOnStockRepurchased
300000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-100000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9600000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216
CY2023Q3 schl Accrued Payroll And Payroll Taxes Andbenefits Current
AccruedPayrollAndPayrollTaxesAndbenefitsCurrent
34500000 usd
CY2023Q2 schl Accrued Payroll And Payroll Taxes Andbenefits Current
AccruedPayrollAndPayrollTaxesAndbenefitsCurrent
29200000 usd
CY2022Q3 schl Accrued Payroll And Payroll Taxes Andbenefits Current
AccruedPayrollAndPayrollTaxesAndbenefitsCurrent
36800000 usd
CY2023Q3 schl Accrued Bonus And Commissions
AccruedBonusAndCommissions
13000000.0 usd
CY2023Q2 schl Accrued Bonus And Commissions
AccruedBonusAndCommissions
31200000 usd
CY2022Q3 schl Accrued Bonus And Commissions
AccruedBonusAndCommissions
12200000 usd
CY2023Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
33100000 usd
CY2023Q2 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
34900000 usd
CY2022Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
41500000 usd
CY2023Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
16000000.0 usd
CY2023Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
24800000 usd
CY2022Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
21100000 usd
CY2023Q3 schl Accrued Advertising And Promotions
AccruedAdvertisingAndPromotions
8500000 usd
CY2023Q2 schl Accrued Advertising And Promotions
AccruedAdvertisingAndPromotions
7300000 usd
CY2022Q3 schl Accrued Advertising And Promotions
AccruedAdvertisingAndPromotions
9900000 usd
CY2023Q3 schl Accrued Expenses Other
AccruedExpensesOther
40800000 usd
CY2023Q2 schl Accrued Expenses Other
AccruedExpensesOther
41500000 usd
CY2022Q3 schl Accrued Expenses Other
AccruedExpensesOther
41100000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
145900000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
168900000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
162600000 usd

Files In Submission

Name View Source Status
schl-20230831_lab.xml Edgar Link unprocessable
schl-20230831_cal.xml Edgar Link unprocessable
schl-20230831_pre.xml Edgar Link unprocessable
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0000866729-23-000028-index.html Edgar Link pending
0000866729-23-000028.txt Edgar Link pending
0000866729-23-000028-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
schl-20230831.htm Edgar Link pending
schl-20230831.xsd Edgar Link pending
schl-20230831_g1.jpg Edgar Link pending
schl-ex311_20230831xq1.htm Edgar Link pending
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schl-20230831_def.xml Edgar Link unprocessable
schl-20230831_htm.xml Edgar Link completed