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Accounts Receivable, Net of Allowance for Doubtful Accounts
6 Months Ended
Nov. 30, 2018
Accounts Receivable, Net of Allowance for Doubtful Accounts [Abstract]  
Accounts Receivable, Net of Allowance for Doubtful Accounts

Note H: Accounts Receivable, Net of Allowance for Doubtful Accounts



The components of accounts receivable, net of allowance for doubtful accounts, consisted of the following:











 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

May 31,



 

November 30,

 

2018

In millions

 

2018

 

As Adjusted(1)

PEO receivables(2)

 

$

167.9 

 

$

140.1 

Purchased receivables(3)

 

 

323.3 

 

 

267.0 

Other trade receivables(4)

 

 

77.9 

 

 

92.3 

Total accounts receivable, gross

 

 

569.1 

 

 

499.4 

Less:  Allowance for doubtful accounts

 

 

6.5 

 

 

7.0 

Accounts receivable, net of allowance for doubtful accounts

 

$

562.6 

 

$

492.4 

(1) Amounts have been adjusted to reflect the adoption of ASC Topic 606.

(2) PEO receivables are primarily client wages and related tax withholdings since the last payroll processed.  Balances will vary based on the timing of the last payroll processed and the end of the reporting period.

(3) Purchased receivables relate to payroll funding arrangements with clients in the temporary staffing industry.

(4) Other trade receivables primarily relate to other ongoing services provided to our clients and can vary based on the timing of these services and the end of the reporting period.



No single client had a material impact on total accounts receivable, service revenue, or results of operations.