Unusual Items (Tables)

6 Months Ended

May 31, 2014

Summary of Loss Incurred on Repurchase of Debt Instruments

A summary of the Company’s loss on the 4  ¹⁄₁₆% Debentures repurchased during the first half of fiscal 2014 is as follows (in millions):

Principal amount repurchased	$	50.2
Cash repurchase price		(100.8	)
Write-off of deferred financing costs		(0.2	)
Loss on 4  1⁄16% Debentures repurchased	$	(50.8	)

Unusual Items Expense

Total unusual items expense, a component of other expense, net in the unaudited condensed consolidated statements of operations, for the second quarter and first half of fiscal 2014 and 2013 was as follows:

	Three months ended May 31,					Six months ended May 31,
	2014		2013			2014		2013
	(In millions)
Unusual items
Legal related matters	$	0.1	$	(0.1	)	$	0.1	$	0.4
Loss on debt repurchased		45.9		—			50.8		—
Loss on bank amendment		0.2		—			0.2		—
Rocketdyne Business acquisition related costs(1)		—		6.4			—		11.8
	$	46.2	$	6.3		$	51.1	$	12.2

(1) Includes a benefit of $4.0 million and $3.6 million for the three and six months ended May 31, 2013, respectively, related to the Company not being required to divest the Liquid Divert and Attitude Control Systems program.

4.0625 Percentage Convertible Subordinated Debentures [Member]

Summary of Loss Incurred on Repurchase of Debt Instruments

A summary of the Company’s 4 ¹/₁₆% Debentures repurchased during the first half of fiscal 2014 is as follows (in millions):

Principal amount repurchased	$	50.2
Cash repurchase price		(100.8	)
Write-off of deferred financing costs		(0.2	)
Loss on 4 1/16% Debentures repurchased	$	(50.8	)