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Description of Business, Basis of Presentation, and Significant Accounting Policies (Tables)
 3 Months Ended
Aug. 31, 2018
Description of Business, Basis of Presentation, and Significant Accounting Policies [Abstract]  
Schedule of Recast of Selected Unaudited Consolidated Statements

The following table presents a recast of selected unaudited consolidated statements of income and comprehensive income line items after giving effect to the adoption of ASU No. 2014-09: 





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

For the three months ended August 31, 2017



 

As Previously

 

 

 

 

In millions, except per share amounts

 

Reported

 

Adjustments

 

As Adjusted

Service revenue

 

$

 803.1 

 

$

 (23.9)

 

$

 779.2 

Operating expenses

 

 

 232.1 

 

 

 (0.1)

 

 

 232.0 

Selling, general and administrative expenses

 

 

 239.7 

 

 

 3.9 

 

 

 243.6 

     Total expenses

 

 

 471.8 

 

 

 3.8 

 

 

 475.6 

Operating income

 

 

 345.0 

 

 

 (27.7)

 

 

 317.3 

Income taxes

 

 

 119.3 

 

 

 (10.3)

 

 

 109.0 

Net income

 

$

 227.8 

 

$

 (17.4)

 

$

 210.4 

Basic earnings per share

 

$

 0.63 

 

$

 (0.04)

 

$

 0.59 

Diluted earnings per share

 

$

 0.63 

 

$

 (0.05)

 

$

 0.58 





The following table presents a recast of selected unaudited consolidated balance sheet line items after giving effect to the adoption of ASU No. 2014-09:





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

May 31, 2018



 

 

 

 

 

 

 

 

 



 

As Previously

 

 

 

 

In millions

 

Reported

 

Adjustments

 

As Adjusted

Assets

 

 

 

 

 

 

 

 

 

Accounts receivable, net of allowance for doubtful accounts

 

$

 531.4 

 

$

 (39.0)

 

$

 492.4 

Prepaid expenses and other current assets

 

$

 75.8 

 

$

 148.2 

 

$

 224.0 

Long-term deferred costs(1)

 

$

 18.5 

 

$

 342.5 

 

$

 361.0 

Liabilities and stockholders' equity

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

 74.5 

 

$

 (0.8)

 

$

 73.7 

Deferred revenue

 

$

 24.3 

 

$

 10.3 

 

$

 34.6 

Deferred income taxes

 

$

 48.8 

 

$

 105.6 

 

$

 154.4 

Other long-term liabilities

 

$

 84.8 

 

$

 4.3 

 

$

 89.1 

Retained earnings

 

$

 930.3 

 

$

 332.3 

 

$

 1,262.6 



(1) Amounts were previously reported as a component of other long-term assets on the Consolidated Balance Sheets included in the Company’s fiscal 2018 Form 10-K.  Long-term deferred costs are separately stated on the Consolidated Balance Sheets contained in this Form 10-Q.



The following table presents a recast of selected unaudited consolidated statement of cash flow line items after giving effect to the adoption of ASU No. 2014-09:





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

For the three months ended August 31, 2017



 

 

 

 

 

 

 

 

 



 

As Previously

 

 

 

 

In millions

 

Reported

 

Adjustments

 

As Adjusted

Cash flows from operating activities

 

 

 

 

 

 

 

 

 

Net income

 

$

 227.8 

 

$

 (17.4)

 

$

 210.4 

Provision for deferred income taxes

 

$

 59.2 

 

$

 (10.3)

 

$

 48.9 

Accounts receivable

 

$

 (15.4)

 

$

 24.2 

 

$

 8.8 

Deferred costs

 

$

 —

 

$

 4.2 

 

$

 4.2 

Accounts payable and other current liabilities

 

$

 (19.2)

 

$

 (0.6)

 

$

 (19.8)

Net change in other long-term assets and liabilities

 

$

 0.6 

 

$

 (0.1)

 

$

 0.5