SCHOLASTIC CORP
For the period ended May 31, 2026. Filed Jul 24, 2026.
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FY2026 · Filed Jul 24, 2026
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Item 2. Properties
As of May 31, 2026, the Company operated the following facilities:
| Location | Primary Purpose | Owned Square Footage | Leased Square Footage |
|---|---|---|---|
| Metropolitan NY Area | Principal offices | — | 230,000 |
| U.S. Various Locations (1) | Book Fairs warehouses | — | 2,302,000 |
| Jefferson City, MO Area | Primary warehouse and distribution facility | — | 1,414,000 |
| International (2) | Warehouse and office space | 236,000 | 916,000 |
(1) Consists of approximately 40 book fairs warehouses.
(2) Consists of approximately 60 facilities in Canada, the United Kingdom, Ireland, Australia, New Zealand and Asia. The owned facilities are located in the United Kingdom and Australia.
In fiscal 2026, the Company completed the sale of its headquarters location at 555-557 Broadway in New York, NY (SoHo) and its primary distribution facility in Jefferson City, Missouri. Concurrent with these sales, the Company entered into a 15-year lease for a portion of its headquarters building ("SoHo lease") and a 20-year lease for the distribution facility ("Jefferson City lease"), both with two 10-year renewal options. Refer to Note 4, "Sale and Leaseback Transactions," of Notes to Consolidated Financial Statements in Item 8, “Consolidated Financial Statements and Supplementary Data” for further details.
The Company considers its properties adequate for its current needs. With respect to the Company’s leased properties, no difficulties are anticipated in negotiating renewals as leases expire or in finding other satisfactory space, if current premises become unavailable. For further information concerning the Company’s obligations under its leases, see Note 1, "Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies," and Note 11, "Leases," of Notes to Consolidated Financial Statements in Item 8, “Consolidated Financial Statements and Supplementary Data.”
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