Basis of Presentation and Nature of Operations (Tables) (Contracts Accounted for Under Percentage-of-Completion [Member])

6 Months Ended

May 31, 2014

Contracts Accounted for Under Percentage-of-Completion [Member]

Schedule of Impact of Contracts in Progress on Statement of Operations

The following table summarizes the impact from changes in estimates and assumptions on the statement of operations on contracts, representing 89% of the Company’s net sales over the first half of fiscal 2014 and 2013, accounted for under the percentage-of-completion method of accounting:


	Three months ended May 31,					Six months ended May 31,
	2014			2013		2014			2013
	(In millions, except per share amounts)
(Unfavorable) favorable effect of the changes in contract estimates on loss from continuing operations before income taxes	$	(5.2	)	$	3.2	$	(2.9	)	$	9.4
(Unfavorable) favorable effect of the changes in contract estimates on net loss		(3.1	)		1.3		(1.6	)		4.9
(Unfavorable) favorable effect of the changes in contract estimates on basic and diluted loss per share		(0.05	)		0.02		(0.03	)		0.08

- Definition

Tabular disclosure of the change in an accounting estimate, including a change that occurs in an interim period. If a change in accounting estimate affects several future periods (for example, a change in the service life of a depreciable asset) disclose the effect on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), and any related per-share amounts of the current period. Disclosure of the effects of a change in an accounting estimate that occurs in the ordinary course of business (such as uncollectible accounts or inventory obsolescence) is not required, unless the effect is material.

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