SCHOLASTIC CORP Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | ||||||||||||||||||||||||
| Net income (loss) attributable to Class A and Common Shares | $ | (1.9) | $ | 12.1 | $ | 86.3 | ||||||||||||||||||||
| Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions) | 27.6 | 29.6 | 33.8 | |||||||||||||||||||||||
| Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions)* | — | 0.8 | 0.9 | |||||||||||||||||||||||
| Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions) | 27.6 | 30.4 | 34.7 | |||||||||||||||||||||||
| Earnings (loss) per share of Class A Stock and Common Stock | ||||||||||||||||||||||||||
| Basic earnings (loss) per share | $ | (0.07) | $ | 0.41 | $ | 2.56 | ||||||||||||||||||||
| Diluted earnings (loss) per share | $ | (0.07) | $ | 0.40 | $ | 2.49 | ||||||||||||||||||||
| Anti-dilutive shares pursuant to stock-based compensation plans | 0.4 | 0.9 | 0.6 | |||||||||||||||||||||||
| 2025 | 2024 | ||||||||||
| Options outstanding pursuant to stock-based compensation plans (in millions) | 2.7 | 2.9 | |||||||||
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.