Press Release: Scholastic Reports Fiscal 2015 Third Quarter Results
Revenue Grows 7% in Children’s Books and Classroom Books in Quarter
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Other Financial Results. Corporate overhead in the third quarter was $19.4 million, excluding one-time items of $3.5 million, compared to $11.2 million in the prior year period, excluding $1.7 million in one-time items. This increase was primarily due to higher planned strategic investment in corporate-level information technology in the current quarter, which was essentially offset by lower technology spend in the business segments, as well as higher depreciation expense related to the purchase of the Company's headquarters building.
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