Press Release: Scholastic Reports Fiscal 2015 Second Quarter Results
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Other Financial Results. Corporate overhead in the second quarter was $18.7 million, excluding one-time items of $7.5 million, compared to $8.1 million in the prior year period, after excluding $5.5 million in one-time items. This increase was primarily due to higher investment in information technology in the current quarter, as well as higher depreciation expense related to the purchase of the Company's headquarters building.
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- Companies:
- Scholastic Inc.
- Places:
- Canada
- New York City
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