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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Millions, unless otherwise specified
12 Months Ended
May 31, 2014
May 31, 2013
May 31, 2012
Net sales $ 3,223.4 $ 3,052.9 $ 2,838.1
Cost of sales 1,040.2 873.4 775.5
Gross profit 2,183.2 2,179.5 2,062.6
Selling, general and administrative expense 1,393.2 1,312.5 1,172.2
Research and development expense 169.6 150.3 126.8
Amortization 307.2 313.8 327.2
Goodwill impairment charge 0 473.0 291.9
Intangible assets impairment charge 0 94.4 237.9
Operating income (loss) 313.2 (164.5) (93.4)
Interest expense 355.9 398.8 479.8
Other (income) expense (2.8) 177.8 17.6
Other expense, net 353.1 576.6 497.4
Loss before income taxes (39.9) (741.1) (590.8)
Benefit from income taxes (115.8) (117.7) (132.0)
Net income (loss) 75.9 (623.4) (458.8)
Other comprehensive income (loss), net of tax:      
Change in unrealized holding value on available for sale securities (2.8) 3.3 4.3
Interest rate swap unrealized gain 21.9 13.1 13.1
Foreign currency related gains (losses) 27.1 (138.2) (62.1)
Unrecognized actuarial gains (losses) (1.0) (7.0) (4.2)
Total other comprehensive income (loss) 45.2 (128.8) (48.9)
Comprehensive income (loss) 121.1 (752.2) (507.7)
Biomet, Inc. [Member]
     
Net sales 3,223.4 3,052.9 2,838.1
Cost of sales 1,040.2 873.4 775.5
Gross profit 2,183.2 2,179.5 2,062.6
Selling, general and administrative expense 1,393.2 1,312.5 1,172.2
Research and development expense 169.6 150.3 126.8
Amortization 307.2 313.8 327.2
Goodwill impairment charge 0 473.0 291.9
Intangible assets impairment charge 0 94.4 237.9
Operating income (loss) 313.2 (164.5) (93.4)
Interest expense 355.9 398.8 479.8
Other (income) expense (2.8) 177.8 17.6
Other expense, net 353.1 576.6 497.4
Loss before income taxes (39.9) (741.1) (590.8)
Benefit from income taxes (115.8) (117.7) (132.0)
Net income (loss) 75.9 (623.4) (458.8)
Other comprehensive income (loss), net of tax:      
Change in unrealized holding value on available for sale securities (2.8) 3.3 4.3
Interest rate swap unrealized gain 21.9 13.1 13.1
Foreign currency related gains (losses) 27.1 (138.2) (62.1)
Unrecognized actuarial gains (losses) (1.0) (7.0) (4.2)
Total other comprehensive income (loss) 45.2 (128.8) (48.9)
Comprehensive income (loss) $ 121.1 $ (752.2) $ (507.7)