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Discontinued Operations (Tables)
9 Months Ended
Feb. 28, 2018
Discontinued Operations  
Schedule of operating results for discontinued operations

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

February 28,

 

February 28,

 

 

 

2018

 

2017

 

2018

 

2017

 

Sales

 

$

8.8

 

$

39.5

 

$

79.2

 

$

135.1

 

Cost of sales

 

(15.8

)

(37.3

)

(81.6

)

(125.1

)

Asset impairments

 

(11.0

)

 

(65.2

)

 

Selling, general and administrative expenses

 

(2.6

)

(4.3

)

(9.6

)

(11.7

)

 

 

 

 

 

 

 

 

 

 

Loss from discontinued operations before provision for income tax benefit

 

(20.6

)

(2.1

)

(77.2

)

(1.7

)

Provision for income tax benefit

 

(4.8

)

(1.4

)

(25.2

)

(1.3

)

 

 

 

 

 

 

 

 

 

 

Loss from discontinued operations

 

$

(15.8

)

$

(0.7

)

$

(52.0

)

$

(0.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of carrying amounts of the major classes and liabilities for our discontinued operations

 

 

 

February 28,

 

May 31,

 

 

 

2018

 

2017

 

Inventory, rotable assets, and equipment

 

$

110.4

 

$

183.7

 

Goodwill

 

 

9.8

 

Other assets

 

12.3

 

25.9

 

 

 

 

 

 

 

Assets of discontinued operations

 

$

122.7

 

$

219.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities — current

 

$

26.5

 

$

30.8

 

Liabilities — non-current

 

 

2.6

 

 

 

 

 

 

 

Liabilities of discontinued operations

 

$

26.5

 

$

33.4