Revenue Recognition (Tables)

3 Months Ended

Aug. 31, 2022

Revenue Recognition

Schedule of net contract assets and liabilities

	August 31,		May 31,
	2022		2022		Change
Contract assets – current	$	87.5	$	73.6	$	13.9
Contract assets – non-current		17.5		22.5		(5.0)
Contract liabilities:
Deferred revenue – current		(21.9)		(20.5)		(1.4)
Deferred revenue on long-term contracts		(11.6)		(10.1)		(1.5)
Net contract assets	$	71.5	$	65.5	$	6.0

Schedule of changes in deferred revenue after adoption of ASC 606

	Three Months Ended
	August 31,
	2022		2021
Deferred revenue at beginning of period	$	(30.6)	$	(31.3)
Revenue deferred		(57.5)		(50.1)
Revenue recognized		53.5		46.4
Other		1.1		2.0
Deferred revenue at end of period	$	(33.5)	$	(33.0)

Schedule of sales across the major customer markets for each of our reportable segments

	Three Months Ended
	August 31,
	2022		2021
Aviation Services:
Commercial	$	292.1	$	267.2
Government and defense		131.9		168.4
	$	424.0	$	435.6
Expeditionary Services:
Commercial	$	1.5	$	0.1
Government and defense		20.8		19.4
	$	22.3	$	19.5

Schedule of sales by geographic region

	Three Months Ended
	August 31,
	2022		2021
Aviation Services:
North America	$	323.3	$	347.6
Europe/Africa		62.4		62.0
Other		38.3		26.0
	$	424.0	$	435.6
Expeditionary Services:
North America	$	21.9	$	19.3
Europe/Africa		0.4		0.2
	$	22.3	$	19.5