SCHOLASTIC CORP
For the period ended May 31, 2024. Filed Jul 19, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jul 19, 2024
SCHL$37.18-0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15C. S-1
Schedule II
Valuation and Qualifying Accounts and Reserves
| (Amounts in millions) | |||||
|---|---|---|---|---|---|
| Years ended May 31, | |||||
| Balance at Beginning of Year · Expensed · Write-Offs and Other · Balance at End of Year | |||||
| Allowance for credit losses | $16.7 | $5.2 | $7.0 | $14.9 | |
| Returns liability | 34.9 | 59.4 | 61.2 | (1) | 33.1 |
| Reserves for obsolescence | 100.9 | 20.4 | 15.7 | 105.6 | |
| Reserve for royalty advances | 79.1 | 2.7 | (1.4) | 83.2 | |
| Allowance for credit losses | $25.9 | $3.3 | $12.5 | $16.7 | |
| Returns liability | 42.2 | 60.2 | 67.5 | (1) | 34.9 |
| Reserves for obsolescence | 106.6 | 26.5 | 32.2 | 100.9 | |
| Reserve for royalty advances | 76.0 | 4.2 | 1.1 | 79.1 | |
| Allowance for credit losses | $21.4 | $15.2 | $10.7 | $25.9 | |
| Returns liability | 45.2 | 58.8 | 61.8 | (1) | 42.2 |
| Reserves for obsolescence | 99.6 | 27.7 | 20.7 | 106.6 | |
| Reserve for royalty advances | 115.5 | 4.1 | 43.6 | (2) | 76.0 |
(1)Represents actual returns charged to the reserve.
(2)Primarily represents write-offs for fully reserved advances.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.