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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Non-recurring items reflected in the Company's pre-tax results for the third quarter include $2.9 million of one-time severance charges primarily associated withthe restructuring of the Company's interactive business in the media segment, non-cash asset write-downs of $1.5 million related to a warehouse consolidation project in Canada, and a non-cash settlement charge of $0.6 million connected to the Company's defined benefit pension plan as a result of lump sum payments made to certain participants during the quarter.
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