10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED AUGUST 31, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM              TO

Commission file number: 333-183494-06

INFOR, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	01-0924667
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)
641 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK	10011
(Address of principal executive offices)	(Zip Code)

(678) 319-8000

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ¨	Accelerated filer                   ¨
Non-accelerated filer  x	Smaller reporting company ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes  ¨    No  x

The number of shares of our common stock outstanding on October 4, 2013, was 1,000, par value $0.01 per share.

INFOR, INC.

Form 10-Q

Index

PART I.	FINANCIAL INFORMATION	3
Item 1.	Financial Statements (unaudited)	3
	Condensed Consolidated Balance Sheets at August 31, 2013 and May 31, 2013	3
	Condensed Consolidated Statements of Operations for the three months ended August 31, 2013 and 2012	4
	Condensed Consolidated Statements of Comprehensive Income (Loss) for the three months ended August 31, 2013 and 2012	5
	Condensed Consolidated Statements of Cash Flows for the three months ended August 31, 2013 and 2012	6
	Notes to Condensed Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	34
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	48
Item 4.	Controls and Procedures	49
PART II.	OTHER INFORMATION	49
Item 1.	Legal Proceedings	49
Item 1A.	Risk Factors	49
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	50
Item 3.	Defaults Upon Senior Securities	50
Item 4.	Mine Safety Disclosures	50
Item 5.	Other Information	50
Item 6.	Exhibits	50
	SIGNATURES	51

1

Forward-Looking Statements

In addition to historical information, this Quarterly Report on Form 10-Q for the Quarter Ended August 31, 2013, contains forward-looking statements within the meaning of securities laws. The forward-looking statements are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “forecast,” “project,” “should” and similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, among others, statements about our future performance, the continuation of historical trends, the sufficiency of our sources of capital for future needs, the effects of acquisitions, the outcome of pending litigation and the expected impact of recently issued accounting pronouncements. These statements are based on certain assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate in these circumstances. The forward-looking statements are subject to certain risks and uncertainties that could cause our actual results to differ materially from those anticipated in the forward-looking statements; including those that are discussed under Risk Factors in documents we have filed with the U.S. Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for our fiscal year ended May 31, 2013, filed with the SEC on August 2, 2013, and those that may be discussed in this Quarterly Report under Part II, Item 1A, Risk Factors.

Given these risks and uncertainties, you are cautioned not to place undue reliance on the forward-looking statements included in this Quarterly Report. The forward-looking statements included in this Quarterly Report reflect management’s opinions only as of the date hereof. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, whether as a result of new information, future events or otherwise. Readers should carefully review the risk factors described in our Annual Report on Form 10-K and in other documents that we file from time to time with the SEC including our Quarterly Reports on Form 10-Q.

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PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

INFOR, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts which are actuals)

(unaudited)

	August 31, 2013			May 31, 2013
ASSETS
Current assets:
Cash and cash equivalents	$	481.0		$	421.9
Accounts receivable, net		320.8			407.2
Prepaid expenses		107.4			108.5
Income tax receivable		34.8			32.5
Other current assets		16.3			18.6
Deferred tax assets		38.1			38.1
Total current assets		998.4			1,026.8
Property and equipment, net		73.9			71.3
Intangible assets, net		1,032.4			1,087.7
Goodwill		4,146.6			4,139.8
Deferred tax assets		83.8			87.8
Other assets		34.1			36.6
Deferred financing fees, net		146.0			141.1
Total assets	$	6,515.2		$	6,591.1
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	49.2		$	40.6
Income taxes payable		34.3			28.7
Accrued expenses		359.2			366.4
Deferred tax liabilities		4.2			4.3
Deferred revenue		832.8			927.7
Current portion of long-term obligations		22.3			91.2
Total current liabilities		1,302.0			1,458.9
Long-term debt		5,320.0			5,232.9
Deferred tax liabilities		225.5			231.0
Other long-term liabilities		223.4			232.2
Total liabilities		7,070.9			7,155.0
Commitments and contingencies (Note 14)
Stockholders’ deficit
Common stock, $0.01 par value; 1,000 shares authorized; 1,000 shares issued and outstanding at August 31, 2013 and May 31, 2013		—			—
Additional paid-in capital		1,250.3			1,247.6
Receivable from stockholders		(27.4	)		(30.1	)
Accumulated other comprehensive income		69.7			90.0
Accumulated deficit		(1,848.3	)		(1,871.4	)
Total stockholders’ deficit		(555.7	)		(563.9	)
Total liabilities and stockholders’ deficit	$	6,515.2		$	6,591.1

The accompanying Notes are an integral part of the Condensed Consolidated Financial Statements

3

INFOR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions)

(unaudited)

	Three Months Ended August 31,
	2013			2012
Revenues:
Software license fees and subscriptions	$	105.6		$	100.8
Product updates and support fees		365.0			357.1
Software revenues		470.6			457.9
Consulting services and other fees		179.7			173.9
Total revenues		650.3			631.8
Operating expenses:
Cost of software license fees and subscriptions (1)		17.7			17.6
Cost of product updates and support fees (1)		62.4			62.3
Cost of consulting services and other fees (1)		144.1			140.1
Sales and marketing		99.7			98.5
Research and development		89.9			82.7
General and administrative		47.3			50.1
Amortization of intangible assets and depreciation		63.9			73.0
Restructuring costs		2.2			5.5
Acquisition related and other costs		9.9			1.9
Total operating expenses		537.1			531.7
Income from operations		113.2			100.1
Other expense, net:
Interest expense, net		98.9			108.2
Loss on extinguishment of debt		0.7			—
Other (income) expense, net		(15.3	)		(4.2	)
Total other expense, net		84.3			104.0
Income (loss) before income tax		28.9			(3.9	)
Income tax provision		5.8			29.4
Net income (loss)	$	23.1		$	(33.3	)

(1) Excludes depreciation and amortization of intangible assets which are separately stated below

The accompanying Notes are an integral part of the Condensed Consolidated Financial Statements

4

INFOR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(in millions)

(unaudited)

	Three Months Ended August 31,
	2013			2012
Net income (loss)	$	23.1		$	(33.3	)
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax		(20.2	)		62.7
Defined benefit plan funding status, net of tax		(0.1	)		(0.3	)
Total other comprehensive income (loss)		(20.3	)		62.4
Comprehensive income	$	2.8		$	29.1

The accompanying Notes are an integral part of the Condensed Consolidated Financial Statements

5

INFOR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

(unaudited)

	Three Months Ended August 31,
	2013			2012
Cash flows from operating activities:
Net income (loss)	$	23.1		$	(33.3	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		63.9			73.0
Provision for doubtful accounts, billing adjustments and sales allowances		3.8			3.0
Deferred income taxes		(4.6	)		10.8
Non-cash (gain) loss on foreign currency		(15.4	)		(4.2	)
Non-cash interest		7.0			5.3
Non-cash loss on extinguishment of debt		0.7			—
Equity-based compensation expense		2.6			1.3
Other		(0.9	)		—
Changes in operating assets and liabilities (net of effects of acquisitions):
Prepaid expenses and other assets		6.4			3.3
Accounts receivable, net		83.9			54.7
Income tax receivable/payable		7.9			21.6
Deferred revenue		(99.7	)		(52.7	)
Accounts payable, accrued expenses and other liabilities		(1.2	)		(56.6	)
Net cash provided by operating activities		77.5			26.2
Cash flows from investing activities:
Acquisitions, net of cash acquired		(0.3	)		(39.6	)
Change in restricted cash		(1.6	)		0.4
Purchases of property, equipment and software		(8.4	)		(10.3	)
Net cash used in investing activities		(10.3	)		(49.5	)
Cash flows from financing activities:
Loans to stockholders		—			(2.8	)
Payments on capital lease obligations		(0.6	)		(0.2	)
Proceeds from issuance of debt		937.7			—
Payments on long-term debt		(933.5	)		(22.7	)
Deferred financing fees		(11.9	)		—
Net cash used in financing activities		(8.3	)		(25.7	)
Effect of exchange rate changes on cash and cash equivalents		0.2			6.2
Net increase (decrease) in cash and cash equivalents		59.1			(42.8	)
Cash and cash equivalents at the beginning of the period		421.9			384.4
Cash and cash equivalents at the end of the period	$	481.0		$	341.6
Supplemental disclosure of non-cash investing and financing activities
Assets acquired in acquisitions, net of cash acquired	$	—		$	50.8
Liabilities assumed in acquisitions	$	—		$	11.2

The accompanying Notes are an integral part of the Condensed Consolidated Financial Statements

6

INFOR, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

1. Nature of Business and Basis of Presentation

Infor, Inc. (Infor) is one of the largest providers of enterprise software and services in the world. We provide industry-specific and other enterprise software products and related services, primarily to large and medium-sized enterprises in the manufacturing, distribution, healthcare, public sector, automotive, service industries, equipment services, management and rental (ESM&R), consumer products and retail and hospitality industries. We serve a large, diverse and sophisticated customer base across three geographic regions: the Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific (APAC). Our software and services offerings are often “mission critical” for many of our customers as they help automate and integrate critical business processes, which enable our customers to better manage their suppliers, partners, customers and employees, as well as their business operations generally. Our industry-specific approach distinguishes us from larger competing enterprise software vendors, whose primary focus is on less specialized software programs that take more time and cost to tailor to target customers’ specific needs during periods of implementation and upgrade. We believe our products and services provide a lower relative total cost of ownership for customers than the offerings of larger competing vendors.

We specialize in and target specific industries, or verticals, and have industry-specific business units that leverage our industry-oriented products and teams. Augmenting our vertical-specific applications, we have horizontal software applications, including our customer relationship management (CRM), enterprise asset management (EAM), financial applications, human capital management (HCM), and supply chain management (SCM) suites which, in addition to our proprietary light-weight middleware solution ION^®, are integrated with our enterprise software applications and sold across different verticals. In addition to providing software products, we provide on-going support and maintenance services for our customers through our subscription-based annual maintenance and support programs. We also help our customers implement and use our applications more effectively through our consulting services.

Unless otherwise indicated or the context requires otherwise, hereafter any reference to Infor, we, our, us or the Company refers to Infor, Inc. and its consolidated subsidiaries.

Basis of Presentation

Our Condensed Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP) as set forth in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) and consider the various staff accounting bulletins and other applicable guidance issued by the U.S. Securities and Exchange Commission (SEC). Our Condensed Consolidated Financial Statements include the accounts of Infor and our wholly owned and majority-owned subsidiaries operating in the Americas, EMEA and APAC. All significant intercompany accounts and transactions have been eliminated.

The unaudited Condensed Consolidated Financial Statements and Notes are presented as permitted by FASB requirements for quarterly reports and do not contain all the information and disclosures included in our annual financial statements and related notes as required by GAAP. The Condensed Consolidated Balance Sheet data as of May 31, 2013, and other amounts presented herein as of May 31, 2013, or for the year then ended, were derived from our audited financial statements. The accompanying Condensed Combined Financial Statements reflect all adjustments, in the opinion of management, necessary to fairly state our financial position, results of operations and cash flows for the periods presented. These adjustments consist of normal and recurring items. The results of operations for our interim periods are not necessarily indicative of results to be achieved for any future interim period or for our full fiscal year. The accompanying interim Condensed Consolidated Financial Statements should be read in conjunction with our financial statements and related notes for the fiscal year ended May 31, 2013, included in our Annual Report on Form 10-K, filed with the SEC on August 2, 2013.

Revision of Prior Period Financial Statements

During the third quarter of fiscal 2013, we identified and corrected an error in the manner in which we were classifying our affiliate receivables with Lux Bond Co, a subsidiary of IGS Intermediate Holdings and Infor’s immediate parent company, and presented our affiliate receivables as receivable from stockholders on our Consolidated Balance Sheets. Previously, the receivables were classified as other assets. The cash flows related to the affiliate receivables were also reclassified from operating activities to financing activities in our Consolidated Statement of Cash Flows. In accordance with accounting guidance found in ASC 250-10 (SEC Staff Accounting Bulletin No. 99, Materiality), we assessed the materiality of these changes and concluded that they were not material to any of our previously issued financial statements. In accordance with accounting guidance found in ASC 250-10

7

(SEC Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), we revised our previously issued financial statements to correct the effect of the error in the current filing. The revisions resulted in a $2.8 million reclassification from Cash flows from financing activities to Cash flows from operating activities in our Condensed Consolidated Statement of Cash Flows for the three-month period ended August 31, 2012.

Business Segments

We view our operations and manage our business as three reportable segments: License, Maintenance, and Consulting. We determine our reportable operating segments in accordance with the provisions in the FASB guidance on segment reporting, which establishes standards for, and requires disclosure of, certain financial information related to reportable operating segments and geographic regions. Factors used to identify our reportable operating segments include the financial information regularly utilized for evaluation by our chief operating decision-maker (CODM) in making decisions about how to allocate resources and in assessing our performance. We have determined that our CODM, as defined by this segment reporting guidance, is our Chief Executive Officer. See Note 15, Segment and Geographic Information.

Use of Estimates

The preparation of financial statements in accordance with GAAP requires us to make certain estimates, judgments and assumptions. These estimates, judgments and assumptions are based upon information available to us at the time that they are made and are believed to be reliable. These estimates, judgments and assumptions can affect the reported amounts of our assets and liabilities as of the date of the financial statements as well as the reported amounts of our revenues and expenses during the periods presented. On an on-going basis we evaluate our estimates and assumptions, including, but not limited to, those related to revenue recognition, allowance for doubtful accounts and sales returns, fair value of equity-based compensation, fair value of acquired intangible assets and goodwill, useful lives of intangible assets and property and equipment, income taxes, restructuring obligations, contingencies and litigation, among others. We believe these estimates and assumptions are reasonable under the circumstances and they form a basis for making judgments about the carrying values of our assets and liabilities that are not readily apparent from other sources. Differences between these estimates, judgments or assumptions and actual results could materially impact our financial statements. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting among available alternatives would not produce a materially different result.

Fiscal Year

Our fiscal year is from June 1 through May 31. Unless otherwise stated, references to the years 2014 and 2013 relate to our fiscal years ended May 31, 2014 and 2013, respectively. References to future years also relate to our fiscal years ending May 31.

2. Summary of Significant Accounting Policies

A detailed description of our significant accounting policies can be found in our financial statements for our fiscal year ended May 31, 2013, which are included in the Annual Report on Form 10-K that we filed with the SEC on August 2, 2013. The following Notes should be read in conjunction with such policies and other disclosures contained therein.

Revenue Recognition

We generate revenues primarily by licensing software, providing product updates and support and providing consulting services to our customers. We record revenues in accordance with the guidance provided by ASC 985-605, Software—Revenue Recognition, ASC 605, Revenue Recognition, as well as Technical Practice Aids issued from time to time by the American Institute of Certified Public Accountants. Revenue is recorded net of applicable taxes.

Our license fees are primarily from sales of perpetual software licenses granting customers use of our software products and access to software products through our Software-as-a-Service (SaaS) offering. License fees are recognized when the following criteria are met: 1) there is persuasive evidence of an arrangement, 2) the software product has been delivered, 3) the fees are fixed or determinable, and 4) collectability is reasonably assured. SaaS revenue is recognized over the committed service period once the services commence. SaaS revenues are included in software license fees and subscriptions revenues in our Condensed Consolidated Statements of Operations and were approximately $14.7 million and $10.6 million in the first quarter of fiscal 2014 and 2013, respectively.

8

Allowances for Doubtful Accounts, Cancellations and Billing Adjustments

We have established an allowance for estimated billing adjustments and an allowance for estimated amounts that will not be collected. We record provisions for billing adjustments as a reduction of revenue and provisions for doubtful accounts as a component of general and administrative expense in our Condensed Consolidated Statements of Operations. We review specific accounts, including significant accounts with balances past due over 90 days, for collectability based on circumstances known at the date of the financial statements. In addition, we maintain reserves based on historical billing adjustments and write-offs. These estimates are reviewed periodically and consider specific customer situations, historical experience and write-offs, customer credit-worthiness, current economic trends and changes in customer payment terms. A considerable amount of judgment is required in assessing these factors. If the factors utilized in determining the allowance do not reflect future performance, a change in the allowance would be necessary in the period such determination is made which would affect future results of operations. Accounts receivable are charged against the allowance when we determine it is probable the receivable will not be recovered.

The following is a rollforward of our allowance for doubtful accounts:

(in millions)
Balance, May 31, 2013	$	16.0
Provision		2.7
Write-offs and recoveries		(1.4	)
Currency translation effect		(0.1	)
Balance, August 31, 2013	$	17.2

Sales Allowances

We do not generally provide a contractual right of return. However, in the course of arriving at practical business solutions to various claims arising from the sale of our products and delivery of our solutions, we have allowed for sales allowances. We record a provision against revenue for estimated sales allowances on license and consulting revenues in the same period the related revenues are recorded or when current information indicates additional allowances are required. These estimates are based on historical experience determined by analysis of claim activities, specifically identified customers and other known factors. If the historical data utilized does not reflect expected future performance, a change in the allowances would be recorded in the period such determination is made affecting current and future results of operations. The balance of our sales reserve is reflected in deferred revenue on our Condensed Consolidated Balance Sheets.

The following is a rollforward of our sales reserve:

(in millions)
Balance, May 31, 2013	$	10.7
Provision		1.1
Write-offs		(0.3	)
Currency translation effect		0.1
Balance, August 31, 2013	$	11.6

Foreign Currency

The functional currency of our foreign subsidiaries is typically the applicable local currency. The translation from the respective foreign currencies to United States Dollars (U.S. Dollar) is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for income statement accounts using a weighted average exchange rate during the period. Gains or losses resulting from such translation are included as a separate component of accumulated other comprehensive income. Gains or losses resulting from foreign currency transactions are included in foreign currency income or loss except for the effect of exchange rates on long-term inter-company transactions considered to be a long-term investment, which are accumulated and credited or charged to other comprehensive income.

Transaction gains and losses are recognized in our results of operations based on the difference between the foreign exchange rates on the transaction date and on the reporting date. We recognized net foreign exchange gains of $15.4 million and $4.2 million for the three months ended August 31, 2013, and for the comparable three months ended August 31, 2012. The foreign currency exchange gains and losses are included as a component of other (income) expense, net, in the accompanying Condensed Consolidated Statements of Operations.

9

Certain transaction gains and losses are generated from inter-company balances that are not considered to be long-term in nature that will be settled between subsidiaries. The inter-company balances are a result of normal transfer pricing transactions among various operating subsidiaries, as well as certain loans initiated between subsidiaries. The proceeds from these loans were primarily used to fund various acquisitions. We also recognize transaction gains and losses from revaluing debt denominated in Euros and held by subsidiaries whose functional currency is the U.S. Dollar. See Note 11, Debt. Unlike translation gains and losses which occur by revaluing a subsidiary’s financial statements into our reporting currency, the transaction gains or losses recognized when revaluing this debt affects functional currency cash flows and is included in determining net income or loss for the period in which exchange rates change. Changes in exchange rates create unrealized gains and losses at each reporting date until the balances are settled and recognized in our results of operations. When the balances are settled, the unrealized gains and losses become realized.

Adoption of New Accounting Pronouncements

None

Recent Accounting Pronouncements — Not Yet Adopted

In July 2013, the FASB issued guidance on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exist. This guidance requires an entity to present an unrecognized tax benefit as a reduction of a deferred tax asset for a net operating loss carryforward, or similar tax loss or tax credit carryforward, rather than as a liability when the uncertain tax position would reduce the net operating loss or other carryforward under the tax law of the applicable jurisdiction and the entity intends to use the deferred tax asset for that purpose. This guidance is effective for interim or annual periods beginning after December 15, 2013 (our fiscal 2015). Early adoption and retrospective application are permitted. We are currently evaluating how the adoption of this guidance will affect our presentation of unrecognized tax benefits and the impact it may have on our financial position, results of operations or cash flows.

In March 2013, the FASB amended existing guidance on foreign currency matters relating to the releasing of cumulative translation adjustments to net income when an entity ceases to have a controlling financial interest in a subsidiary or business within a foreign entity. According to this guidance, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided, or, if a controlling financial interest is no longer held. This revised guidance is effective on a prospective basis for fiscal years beginning after December 15, 2013 (our fiscal 2015), with early adoption permitted. We are currently evaluating how the adoption of this guidance will affect our accounting for such derecognition transactions and the impact it may have on our financial position, results of operations or cash flows.

3. Acquisitions

Fiscal 2014

In the first three months of fiscal 2014, we did not complete any acquisitions.

Fiscal 2013

In fiscal 2013, we made five acquisitions for a combined purchase price of $119.7 million, net of cash acquired, to expand our product and service offerings in our targeted verticals, primarily manufacturing and distribution, and our HCM and CRM horizontal offerings, two of which were completed in the first three months of fiscal 2013. We have included the results of the acquired companies in our Condensed Consolidated Financial Statements from the applicable acquisition dates. These acquisitions were not significant individually or in the aggregate and their results were not material to our results for the three months ended August 31, 2013, or the comparable period ended August 31, 2012.

The purchase consideration related to certain of these acquisitions is subject to post-closing adjustments and may include additional contingent cash consideration payable to the sellers if specific future performance conditions are met as detailed in the applicable purchase agreements. We have estimated the fair value of the contingent consideration to be $12.0 million and $13.2 million as of August 31, 2013, and May 31, 2013, respectively. The change in the estimated fair value of the contingent consideration, during the contingency period through settlement, is recorded in our results of operations in the period of such change and is included in acquisition related and other costs in our Consolidated Statements of Operations. The potential undiscounted amount of future payments that we may be required to make related to the contingent consideration is between $0.0 and approximately $54.2 million. In addition, we have received and/or estimated that we are due post-closing adjustments of approximately $0.9 million as of August 31, 2013. The original fair value of the contingent consideration of $14.6 million, as estimated at the applicable acquisition dates, along with the post-closing adjustments are reflected in the combined purchase price stated above.

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4. Goodwill

The change in the carrying amount of our goodwill by reportable segment for the three months ended August 31, 2013, was as follows:

(in millions)	License		Maintenance		Consulting		Total
Balance, May 31, 2013	$	849.6	$	3,012.9	$	277.3	$	4,139.8
Currency translation effect		1.4		4.9		0.5		6.8
Balance, August 31, 2013	$	851.0	$	3,017.8	$	277.8	$	4,146.6

In accordance with the FASB guidance related to goodwill and other intangible assets, we are required to assess the carrying amount of our goodwill for potential impairment annually or more frequently if events or a change in circumstances indicate that impairment may have occurred. We conduct our annual impairment test in the second quarter of each fiscal year as of September 30. We believe that our reportable segments are also representative of our reporting units for purposes of our goodwill impairment testing.

Testing for goodwill impairment is a two-step process. The first step screens for potential impairment, and if there is an indication of possible impairment, the second step must be completed to measure the amount of impairment loss, if any. The first step of the goodwill impairment test used to identify potential impairment compares the fair value of a reporting unit with the carrying value of its net assets. If the fair value of the reporting unit is less than the carrying value of the reporting unit, the second step of the goodwill impairment test would be performed to measure the amount of impairment loss we would be required to record, if any. The second step, if required, would compare the implied fair value of our recorded goodwill with the current carrying amount. If the implied fair value of our goodwill is less than the carrying value, an impairment charge would be recorded as a charge to our operations.

We conducted our most recent annual impairment assessment in the second quarter of fiscal 2013. We performed a Step 1 goodwill impairment assessment as of September 30, 2012. This assessment did not indicate any potential impairment for any of our reporting units and no further testing was required. We believe there was no impairment of our goodwill and no indication of potential impairment existed as of August 31, 2013. We have no accumulated impairment charges related to our goodwill.

5. Fair Value

Fair Value Hierarchy

The FASB has established guidance on financial assets and liabilities and nonfinancial assets and liabilities that are recognized at fair value on a recurring basis and guidance for nonfinancial asset and liabilities that are recognized at fair value on a nonrecurring basis. This guidance defines fair value and establishes a framework for measuring fair value. Fair value is defined as an “exit price” which represents the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in valuing an asset or liability. The above mentioned guidance also requires the use of valuation techniques to measure fair values that maximize the use of observable inputs and minimize the use of unobservable inputs. As a basis for considering such assumptions and inputs, the guidance establishes a fair value hierarchy which identifies and prioritizes three levels of inputs to be used in measuring fair value.

The three levels of the fair value hierarchy are as follows:

Level 1	—	Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2	—	Inputs other than the quoted prices in active markets that are observable either directly or indirectly including: quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
Level 3	—	Unobservable inputs that are supported by little or no market data, are significant to the fair values of the assets or liabilities, and require the reporting entity to develop its own assumptions.

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In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. In addition, the fair value of liabilities should include consideration of non-performance risk including the Company’s own credit risk.

We measure certain financial assets and liabilities at fair value including our cash equivalents. The following table summarizes the fair value of our financial assets and liabilities that were accounted for at fair value on a recurring basis, by level within the fair value hierarchy, as of August 31, 2013, and May 31, 2013:

	August 31, 2013
	Fair Value Measurements Using Inputs Considered as
(in millions)	Level 1		Level 2		Level 3		Fair Value
Liabilities
Contingent consideration	$	—	$	—	$	12.0	$	12.0
Total	$	—	$	—	$	12.0	$	12.0

	May 31, 2013
	Fair Value Measurements Using Inputs Considered as
(in millions)	Level 1		Level 2		Level 3		Fair Value
Liabilities
Contingent consideration	$	—	$	—	$	13.2	$	13.2
Total	$	—	$	—	$	13.2	$	13.2

Contingent consideration relates to certain of our fiscal 2013 acquisitions. The estimated fair value of the contingent consideration was based primarily on our estimates of meeting the applicable contingency conditions over the years following the acquisition as per the terms of the applicable purchase agreements. These include estimates of revenue growth rates and our assessment of the probability of meeting such results, with the probability-weighted earn-out then discounted to estimate fair value. As these are unobservable inputs, the contingent consideration is included in Level 3 inputs. The contingent consideration liabilities are included in accrued expenses and other long-term liabilities on our Condensed Consolidated Balance Sheets. In future periods, we will remeasure the estimated fair value of the contingent consideration and will include any change in the related liability in acquisition related and other costs in our Consolidated Statements of Operations. See Note 3, Acquisitions.

We have had no transfers of assets/liabilities into or out of Levels 1, 2 or 3 during fiscal 2014 or fiscal 2013. The following table reconciles the change in our Level 3 assets/liabilities for the first three months of fiscal 2014:

	Fair Value Measurements Using Significant Unobservable Inputs
(in millions)	Level 3
Balance, May 31, 2013	$	13.2
Total gain recorded in earnings		(1.2	)
Balance, August 31, 2013	$	12.0

In addition to the financial assets and liabilities included in the above table, certain nonfinancial assets and liabilities are to be measured at fair value on a nonrecurring basis in accordance with applicable GAAP. This includes items such as nonfinancial assets and liabilities initially measured at fair value in a business combination (but not measured at fair value in subsequent periods) and nonfinancial long-lived asset groups measured at fair value for an impairment assessment. In general, non-financial assets including goodwill, other intangible assets and property and equipment are measured at fair value when there is an indication of impairment and are recorded at fair value only when any impairment is recognized. As of August 31, 2013, we had not recorded any impairment

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related to such assets and had no other material nonfinancial assets or liabilities requiring adjustments or write-downs to their current fair value.

We elected not to apply the FASB guidance, as allowed, related to the fair value option for financial assets and liabilities to any of our currently eligible financial assets or liabilities. As of August 31, 2013, our material financial assets and liabilities not carried at fair value include accounts receivable, accounts payable and long-term debt, which are recorded at their current carrying values.

Fair Value of Financial Instruments

As of August 31, 2013, and May 31, 2013, the current carrying amount of our financial instruments including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are deemed to approximate fair value due to their short periods to maturity.

Fair Value of Long-Term Debt

To estimate fair value of our long-term debt for disclosure purposes, we used recent market transactions and related market quotes of our long-term debt’s August 31, 2013 bid and ask pricing (Level 2 on the fair value hierarchy). At August 31, 2013, and May 31, 2013, the total carrying value of our long-term debt was approximately $5.3 billion and $5.3 billion, respectively, and the estimated fair value of our long-term debt was approximately $5.6 billion and $5.6 billion, respectively.

6. Accounts Receivable, Net

Accounts receivable, net is comprised of the following for the periods indicated:

	August 31,			May 31,
(in millions)	2013			2013
Accounts receivable	$	287.4		$	368.9
Unbilled accounts receivable		50.6			54.3
Less: allowance for doubtful accounts		(17.2	)		(16.0	)
Accounts receivable, net	$	320.8		$	407.2

Unbilled accounts receivable represents revenue recognized on contracts for which billings have not yet been presented to customers because the amounts were earned but not contractually billable as of the balance sheet date.

7. Intangible Assets

Our intangible assets subject to amortization were as follows for the periods indicated:

	August 31, 2013						May 31, 2013
(in millions)	Gross Carrying Amounts		Accumulated Amortization		Net		Gross Carrying Amounts		Accumulated Amortization		Net		Estimated Useful Lives (in years)
Customer contracts and relationships	$	1,781.0	$	984.1	$	796.9	$	1,776.0	$	942.7	$	833.3	2 - 15
Acquired and developed technology		1,015.9		792.3		223.6		1,011.7		771.4		240.3	2 - 10
Tradenames		136.1		124.2		11.9		135.6		121.5		14.1	1 - 20
Total	$	2,933.0	$	1,900.6	$	1,032.4	$	2,923.3	$	1,835.6	$	1,087.7

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The following table presents amortization expense recognized in our Condensed Consolidated Statements of Operations, by asset type, for the periods indicated:

	Three Months Ended August 31,
(in millions)	2013		2012
Customer contracts and relationships	$	37.6	$	40.4
Acquired and developed technology		17.4		23.2
Tradenames		2.3		2.5
Total	$	57.3	$	66.1

The estimated future annual amortization expense related to these intangible assets as of August 31, 2013, was as follows:

(in millions)
Fiscal 2014 (remaining 9 months)	$	171.1
Fiscal 2015		203.0
Fiscal 2016		178.7
Fiscal 2017		131.0
Fiscal 2018		80.8
Fiscal 2019		69.8
Thereafter		198.0
Total	$	1,032.4

8. Accrued Expenses

Accrued expenses consisted of the following for the periods indicated:

	August 31,		May 31,
(in millions)	2013		2013
Accrued compensation and employee benefits	$	135.6	$	159.4
Accrued taxes other than income		16.0		27.2
Accrued royalties and partner commissions		28.8		44.1
Accrued litigation		9.8		12.0
Accrued professional fees		9.1		7.2
Accrued subcontractor expense		5.4		6.4
Accrued interest		94.3		45.8
Accrued restructuring		10.7		15.0
Accrued retirement obligation		7.8		7.7
Deferred rent		12.7		9.5
Accrued other		29.0		32.1
Accrued expenses	$	359.2	$	366.4

9. Equity-Based Compensation

We account for equity-based payments, including grants of employee securities awards, in accordance with ASC 718,

Compensation—Stock Compensation, which requires that equity-based payments (to the extent they are compensatory) be recognized in our results of operations based on their fair values and the estimated number of securities we ultimately expect will vest.

We utilize the Option-Pricing Method to estimate the fair value of our equity awards. This approach models the various classes of equity securities as a series of call options on our total equity. The exercise prices of the call options were derived based on the distribution waterfall of the issuing entity. Assumptions utilized under the Option–Pricing Method include: (a) stock price, derived from the estimated fair value of our total equity, (b) time to expiration, derived from the expected time to a potential liquidity event, (c) risk- free interest rate, derived from the U.S. Treasury rate over the expected time to expiration, (d) expected dividend yield and

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(e) expected volatility of the total equity value. In estimating the fair value of our equity awards granted in fiscal 2012, we used the following assumptions; expected term of 1.25 years, risk-free interest rate of 0.22%, expected dividend yield of 0.0%, and expected volatility of 75.0%. We have made no significant equity grants in fiscal 2013 or in the first three months of fiscal 2014.

Pursuant to applicable FASB guidance related to equity-based awards, we have reflected equity compensation expense related to our parent companies’ equity grants within our results of operations with an offset to additional paid-in capital. During the third quarter of fiscal 2013, several of our parent company’s equity grants that had been classified as equity awards were modified to allow for a cash settlement option which caused these grants to be classified as liability awards at the parent company. Accordingly, we have recorded equity compensation expense of $1.3 million in the current quarter related to these liability awards. The following table presents the total equity compensation expense recognized in our Condensed Consolidated Statements of Operations, by category, for the periods indicated:

	Three Months Ended August 31,
(in millions)	2013		2012
Selling and marketing expense	$	1.1	$	0.3
Research and development expense		0.9		0.3
General and administrative expense		0.6		0.7
Total	$	2.6	$	1.3

10. Restructuring Charges

We have recorded restructuring charges related to our acquisitions and in the ordinary course of business to eliminate redundancies, improve our operational efficiency and reduce our operating costs. These cost reduction measures included workforce reductions relating to restructuring our workforce, the exiting of certain leased facilities and the consolidation of space in certain other facilities. In accordance with applicable FASB guidance, our restructuring charges are broken down into acquisition related and other restructuring costs. These restructuring charges represent severance associated with redundant positions and costs related to redundant office locations. No business activities of the companies that we have acquired were discontinued. The employees terminated were typically from all functional areas of our operations.

Fiscal 2014 Restructuring Charges

We have incurred restructuring costs totaling $3.9 million during the first quarter of fiscal 2014 relating to employee severance costs primarily for personnel in our sales and professional services organizations. We made cash payments of approximately $1.7 million during the first three months of fiscal 2014 related to these actions. We expect to complete the majority of these restructuring activities in the remainder of fiscal 2014.

Fiscal 2013 Restructuring Charges

During fiscal 2013, we incurred restructuring costs related to employee severance for personnel in product development and general and administrative functions and costs related to certain exited facilities. In the first three months of fiscal 2014, we recorded restructuring cost reversals of $0.1 million related to these severance actions and exited facilities. We made cash payments of approximately $3.1 million during the first three months of fiscal 2014 related to these actions. We completed the majority of these restructuring activities in fiscal 2013.

Fiscal 2013 Acquisition-Related Charges

During fiscal 2013, we incurred acquisition-related restructuring costs related to operations we acquired in fiscal 2013. These restructuring charges included costs related to employee severance and accruals for costs related to facilities exited during fiscal 2013. In the first three months of fiscal 2014, we recognized $0.1 million in additional expenses related to these severance actions. During the first three months of fiscal 2014, we made $0.1 million in cash payments related to these actions. We completed the majority of these restructuring activities in fiscal 2013.

Previous Restructuring Charges and Acquisition-Related Charges

Prior to fiscal 2013, we had completed a series of acquisitions as well as certain restructuring activities. In the first three months of fiscal 2014, we recorded restructuring cost reversals of $1.7 million related to these severance actions and exited facilities. We made net cash payments of $2.3 million related to these previous actions. The remaining accruals associated with these prior

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restructuring charges relate primarily to lease obligations associated with the closure of redundant offices acquired in prior business combinations, as well as contractual payment obligations of severed employees. Actions related to these restructuring activities have been completed.

The following table sets forth the reserve activity related to our restructuring plans for the three-month period ended August 31, 2013. The adjustments to costs in the tables below consists of adjustments to the accrual that were accounted for as an adjustment to current period earnings (Expense) or adjustments to the accrual that were related to the impact of fluctuations in foreign currency exchange rates (Foreign Currency Effect):

					Adjustment to Costs												Total
(in millions)	Balance May 31, 2013		Initial Costs		Expense			Foreign Currency Effect		Cash Payments			Balance August 31, 2013		Total Costs Recognized to Date		Expected Program Costs
Fiscal 2014 restructuring
Severance	$	—	$	3.9	$	—		$	—	$	(1.7	)	$	2.2	$	3.9	$	3.9
Total fiscal 2014 restructuring		—		3.9		—			—		(1.7	)		2.2		3.9		3.9
Fiscal 2013 restructuring
Severance		7.9		—		(0.2	)		0.1		(2.8	)		5.0		14.6		14.6
Facilities and other		0.5		—		0.1			—		(0.3	)		0.3		0.8		0.8
Total fiscal 2013 restructuring		8.4		—		(0.1	)		0.1		(3.1	)		5.3		15.4		15.4
Fiscal 2013 acquisition-related
Severance		0.6		—		0.1			—		(0.1	)		0.6		0.9		0.9
Total fiscal 2013 acquisition-related		0.6		—		0.1			—		(0.1	)		0.6		0.9		0.9
Previous restructuring
Severance		1.6		—		(0.1	)		—		(0.5	)		1.0		14.3		14.3
Facilities and other		0.1		—		—			—		—			0.1		1.4		1.4
Total previous restructuring		1.7		—		(0.1	)		—		(0.5	)		1.1		15.7		15.7
Previous acquisition-related
Severance		0.8		—		—			—		(0.2	)		0.6		54.6		54.6
Facilities and other		6.4		—		(1.6	)		—		(1.6	)		3.2		22.7		22.7
Total previous acquisition-related		7.2		—		(1.6	)		—		(1.8	)		3.8		77.3		77.3
Total restructuring	$	17.9	$	3.9	$	(1.7	)	$	0.1	$	(7.2	)	$	13.0	$	113.2	$	113.2

The remaining restructuring reserve accruals related to severance and current facilities costs are included in accrued expenses with the long-term facilities cost reserve included in other long-term liabilities on our Condensed Consolidated Balance Sheets.

The following table summarizes the restructuring charges reflected in our results of operations for the periods indicated for each of our reportable segments including charges related to those functions not allocated to our segments.

	Three Months Ended August 31,
(in millions)	2013			2012
License	$	0.7		$	(0.3	)
Maintenance		(0.3	)		(0.3	)
Consulting		1.2			0.1
General and administrative and other functions		0.6			6.0
Total restructuring costs	$	2.2		$	5.5

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11. Debt

The following table summarizes our long-term debt balances for the periods indicated:

	August 31, 2013						May 31, 2013
(in millions)	Amount			Effective Rate			Amount			Effective Rate
Infor first lien Term B-1 due October 5, 2016	$	—			—	%	$	340.0			5.750	%
Infor first lien Term B-2 due April 5, 2018		2,512.8			5.250	%		2,779.1			5.250	%
Infor first lien Term B-3 due June 3, 2020		479.8			3.750	%		—			—	%
Infor first lien Euro Term due April 5, 2018		—			—	%		321.7			6.750	%
Infor first lien Euro Term B due June 3, 2020		460.1			4.000	%		—			—	%
Infor 9.375% senior notes due April 1, 2019		1,015.0			9.375	%		1,015.0			9.375	%
Infor 10.0% senior notes due April 1, 2019		330.5			10.000	%		324.9			10.000	%
Infor 11.5% senior notes due July 15, 2018		560.0			11.500	%		560.0			11.500	%
Debt discounts		(15.9	)					(16.6	)
Total long-term debt		5,342.3						5,324.1
Less: current portion		22.3						91.2
Total long-term debt - non-current	$	5,320.0					$	5,232.9

The weighted average interest rate at August 31, 2013, and May 31, 2013, was 6.7% and 7.1%, respectively.

The following table summarizes our future repayment obligations on the principal debt balances for all of our borrowings as of August 31, 2013:

(in millions)
Fiscal 2014 (remaining 9 months)	$	13.0
Fiscal 2015		37.4
Fiscal 2016		37.4
Fiscal 2017		37.4
Fiscal 2018		2,426.8
Fiscal 2019		1,914.9
Thereafter		891.3
Total	$	5,358.2

Credit Facilities

On April 5, 2012, we entered into a secured credit agreement with Infor (US), Inc. as borrower and a syndicate of certain banks and other financial institutions as lenders and which consists of a secured term loan facility and a secured revolving credit facility (the Credit Agreement), which was subsequently amended pursuant to the First Amendment to the Credit Agreement and the Second Amendment to the Credit Agreement, each as described below.

The secured revolving credit facility (the Revolver) has a maximum availability of $150.0 million. We have made no draws against the Revolver and no amounts are currently outstanding. However, $23.1 million of letters of credit have reduced the amount available under the Revolver to $126.9 million. Pursuant to the Credit Agreement there is an undrawn line fee of 0.50% and the Revolver matures on March 31, 2017. Amounts under the Revolver may be borrowed to finance working capital needs and for general corporate purposes.

Interest on the term loans borrowed under the secured term loan facility (the Term Loans) is payable quarterly, in arrears. Quarterly principal payment amounts are set for each of the Term Loans with balloon payments at the applicable maturity dates. The Term Loans are subject to mandatory prepayments in the case of certain situations.

The credit facilities are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries, and are secured by liens on substantially all of the borrower’s assets and the assets of the guarantors. Prior to the Second Amendment described below, under the Credit Agreement we were required to maintain a total leverage ratio not to exceed certain levels as of the last day of each fiscal quarter. However, pursuant to the Second Amendment, this financial maintenance covenant is applicable only for the Revolver and then only for those fiscal quarters in which we have significant borrowings under the Revolver outstanding as of the last day of

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such fiscal quarter. We are subject to certain other customary affirmative and negative covenants as well.

Refinancing Amendments

On June 3, 2013, we entered into the Second Amendment to the Credit Agreement (as amended). The Second Amendment provided for the refinancing of the then outstanding principal balance of our Tranche B-1 Term Loan and our Euro Term Loan with the proceeds of a new $483.0 million term loan (the Tranche B-3 Term Loan) and a new €350.0 million term loan (the Euro Tranche B Term Loan). Interest on the Tranche B-3 Term Loan is based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, with an Adjusted LIBOR floor of 1.0%, or an alternate base rate, plus a margin of 1.75% per annum, with a minimum alternative base rate floor of 2.0%. The Tranche B-3 Term Loan matures on June 3, 2020, which is an extension of approximately three and a half years compared to the original Tranche B-1 Term Loan maturity date. Interest on the Euro Tranche B Term Loan is based on a fluctuating rate of interest determined by reference to an Adjusted LIBOR rate, plus a margin of 3.0% per annum, with an Adjusted LIBOR floor of 1.0%. The Euro Tranche B Term Loan matures on June 3, 2020, which is an extension of approximately two years compared to the original Euro Term Loan maturity date. Pursuant to the terms of the Credit Agreement, the Tranche B-3 Term Loan and Euro Tranche B Term Loan are guaranteed by the same guarantors, and are secured by liens on substantially all of the borrower’s assets and the assets of the guarantors. The Second Amendment also amended the Credit Agreement to, among other things, limit the applicability of the financial maintenance covenant (maximum total leverage ratio) to the Revolver and then only for those fiscal quarters in which we have significant borrowings under our Revolver outstanding as of the last day of such fiscal quarter.

Proceeds from the Tranche B-3 Term Loan and Euro Tranche B Term Loan were used to refinance the outstanding principal of our Tranche B-1 Term Loan and our Euro Term Loan, together with accrued and unpaid interest and applicable fees. In addition, $250.0 million of the proceeds were used to repay a portion of the outstanding balance of our Tranche B-2 Term Loan.

On September 27, 2012, we entered into the First Amendment to the Credit Agreement. The First Amendment provided for the refinancing of the then outstanding principal balance of our Tranche B Term Loan of $2,763.0 million with the proceeds of a new $2,793.1 million term loan (the Tranche B-2 Term Loan). Interest on the Tranche B-2 Term Loan is based on a fluctuating rate of interest determined by reference to, at our option, an Adjusted LIBOR rate, plus a margin of 4.0% per annum, with an Adjusted LIBOR floor of 1.25%, or an alternate base rate, plus a margin of 3.0% per annum. This was a reduction in our effective rate related to this term loan as compared to the Tranche B Term Loan which was based on an Adjusted LIBOR rate plus a margin of 5.0% per annum. The Tranche B-2 Term Loan matures on April 5, 2018, which is the same as the original Tranche B Term Loan maturity date. Pursuant to the terms of the Credit Agreement, the Tranche B-2 Term Loan is guaranteed by the same guarantors, and is secured by liens on substantially all of the borrower’s assets and the assets of the guarantors.

Proceeds from the Tranche B-2 Term Loan were used to refinance the outstanding principal of our Tranche B Term Loan, together with accrued and unpaid interest and applicable fees, including a prepayment premium of 1.0% of the principal amount thereof, in accordance with the terms of the Credit Agreement.

Senior Notes

Our senior notes bear interest at the applicable rates per annum which is payable semi-annually in cash in arrears. The senior notes are general unsecured obligations of Infor (US), Inc. and are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries. Under the indentures governing the senior notes, we are subject to certain customary affirmative and negative covenants.

Deferred Financing Fees

As of August 31, 2013, deferred financing fees, net of amortization, of $146.0 million are reflected on our Condensed Consolidated Balance Sheets in deferred financing fees, net. For the three months ended August 31, 2013 and August 31, 2012, we amortized $6.3 million and $5.2 million, respectively, in deferred financing fees which are included in interest expense, net in our Condensed Consolidated Statements of Operations.

In conjunction with the June 3, 2013, Second Amendment to our Credit Agreement, we evaluated the refinancing transactions in accordance with ASC 470-50-40 Debt—Modifications and Extinguishments—Derecognition to determine if the refinancing of our Tranche B-1 Term Loan and Euro Term Loan were modifications or extinguishments of the original term loans. Each lender involved in the Second Amendment refinance was analyzed to determine if their participation in the refinancing should be accounted for as a modification or an extinguishment. As a result of our assessment, the participation of certain lenders was determined to be modifications and applicable amounts of the unamortized deferred financing fees continue to be capitalized and amortized over the term of the refinanced debt. In the first quarter of fiscal 2014 we capitalized an additional $11.9 million of fees paid to creditors as deferred financing fees related to the modifications. These fees also include costs associated with lenders participating in the

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financing for the first time. These amounts have been reflected as cash flows from financing activities on our Condensed Consolidated Statements of Cash Flows. The remaining lenders who chose not to participate were determined to be extinguishments. As a result, in the first quarter of fiscal 2014, $0.7 million of the unamortized balance of the applicable deferred financing fees were expensed and recorded in our results of operations as a component of loss on extinguishment of debt in our Condensed Consolidated Statements of Operations. In addition, we expensed $10.6 million in third-party costs incurred related to the modifications which were included in acquisition related and other costs in our Condensed Consolidated Statements of Operations in the first quarter of fiscal 2014.

Parent Company PIK Term Loan

In addition to the debt held by Infor and its affiliates discussed above, Infor Lux Bond Company (Lux Bond Co), our parent company, has debt in respect of a term loan (the Lux PIK Term Loan) under the Holdco PIK Term Loan Agreement, dated March 2, 2007, and amended pursuant to the First Amendment thereto, dated as of April 5, 2012.

As of April 5, 2012, the Lux PIK Term Loan bears interest at a fixed rate of 13.375% per year and accrues quarterly. Accrued but unpaid interest is to be added to the principal balance. At the election of Lux Bond Co, interest for a quarter may be paid in cash and the fixed rate will be reduced by 50 basis points per annum for that quarter. For fiscal 2013, Lux Bond Co elected to pay the quarterly interest in cash and we funded the applicable Lux PIK Term Loan interest payments. See Note 16, Related Party Transactions – Due to/from Affiliate. As of August 31, 2013, and May 31, 2013, the total balance outstanding related to the Lux PIK Term Loan was $166.8 million and $161.4 million, respectively. The balance as of August 31, 2013, includes accrued interest of $5.4 million as Lux Bond Co did not elect to pay the first quarter of fiscal 2014 interest in cash.

Under applicable guidance from the SEC (SAB Topic 5-J), a parent’s debt, related interest expense and allocable deferred financing fees are to be included in a subsidiary’s financial statements under certain circumstances. We have considered these circumstances and determined that Infor does not meet any of the applicable criteria related to the Lux PIK Term Loan and accordingly we have not reflected the Lux PIK Term Loan in our consolidated financial statements for any of the periods presented. While not contractually required to do so, we believe that any voluntary servicing of the Lux PIK Term Loan in future periods will not materially impact our ability to service our own debt and that our cash flows from operations, together with our cash and cash equivalents, will be sufficient to meet our debt service obligations for the foreseeable future.

12. Income Taxes

Income taxes have been provided in accordance with ASC 740, Income Taxes. The Company is included in the GGC Software Parent, Inc. consolidated federal income tax return. We provide for income taxes under the separate return method, by which Infor, Inc. and its subsidiaries compute tax expense as though they file a separate tax return. Interim period income tax benefits and expenses are measured using an estimated annual effective tax rate. For the three-month periods ended August 31, 2013 and August 31, 2012, our estimated global effective tax rates were 20.1% and (753.8)%, respectively, after considering those entities for which no tax benefit from operating losses is expected to occur during the respective year as a result of such entities requiring a full valuation allowance against current year losses. We estimate our annual effective tax rate for the periods presented and make any necessary changes to adjust the rate for the applicable interim period based upon the annual estimate. The estimated annual tax rate may fluctuate due to changes in forecasted annual operating income, acquisitions, changes in the jurisdictional mix of the forecasted annual operating income, positive or negative changes to the valuation allowance for net deferred tax assets, changes to actual or forecasted permanent book to tax differences, impacts from future tax settlements with state, federal or foreign tax authorities or impacts from enacted tax law changes. We identify items which are unusual and nonrecurring in nature and treat these as discrete events. The tax effect of discrete items is recorded entirely in the interim period in which the discrete event occurs.

Our income tax benefit and overall effective tax rates were as follows for the periods indicated:

	Three Months Ended
	August 31,
(in millions, except percentages)	2013			2012
Income tax provision	$	5.8		$	29.4
Effective income tax rate		20.1	%		(753.8	)%

The change in the effective tax rates for the three-month period ended August 31, 2013, compared to the three months ended August 31, 2012, was primarily due to a change in earnings levels, a shift in the jurisdictional mix of operating income in the respective periods, the Company’s current year interest expense no longer being subject to the limitations under IRC Section 163(j), a decrease in Subpart F inclusions, the tax benefit created in the current year by the Netherlands Innovation Box, changes in various withholding tax, the change in recorded liabilities for unrecognized tax benefits related to uncertain tax positions in various

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jurisdictions, the change of the valuation allowance for various foreign deferred tax assets, foreign subsidiary net operating losses not providing benefits, and tax law changes in Australia, Denmark and the United Kingdom. The current effective tax rate for the three-month period ended August 31, 2013, reflects the Company’s current year interest expense no longer being subject to the limitations under IRC Section 163(j), decreases in Subpart F inclusions, the tax benefit created by the Netherlands Innovation Box, a reduction in various foreign withholding taxes, a change in earnings levels, a shift in the jurisdictional mix of operating income in the respective periods, the change in recorded liabilities for unrecognized tax benefits related to uncertain tax positions in various jurisdictions, tax law changes in Denmark and the UK, and changes in the valuation allowances required to be recorded for various foreign subsidiary net operating losses.

Domestically, we file a federal income tax return and generally file state income tax returns in each jurisdiction in which we do business. The statutes of limitations for these returns, with some exceptions, run through 2018. We are generally no longer subject to tax examination domestically for years prior to fiscal year 2009. We are currently under several federal income tax examinations. We are also currently under examination in a number of state jurisdictions. Management believes that we have adequately provided for any uncertain tax positions that may be addressed in these examinations.

Internationally, we generally file income tax returns in each jurisdiction in which we do business. The statutes of limitations for these returns, with some exceptions, run through 2018. We are generally no longer subject to tax examination internationally for years prior to fiscal year 2007. We are currently under examination in a number of international jurisdictions. Management believes that we have adequately provided for any uncertain tax positions that may be addressed in these examinations.

While management believes we have adequately provided for all tax positions, amounts asserted by taxing authorities could materially differ from our accrued positions as a result of uncertain and complex application of tax regulations. Additionally, the recognition and measurement of certain tax benefits includes estimates and judgment by management and inherently includes subjectivity. Accordingly, additional provisions on tax-related matters could be recorded in the future as revised estimates are made or the underlying matters are settled or otherwise resolved.

During the upcoming twelve months ending August 31, 2014, we expect a net reduction of approximately $17.6 million of unrecognized tax benefits, primarily due to the expiration of statutes of limitation in the various jurisdictions.

During the three-month period ended August 31, 2013, we recorded a net increase of valuation allowances totaling $1.4 million that were recorded against deferred tax assets at various domestic and foreign legal entities. Based on estimates of future profitability in some of these jurisdictions, we believe that a valuation allowance continues to be required based on the current level of uncertainty regarding the ability to realize some of the deferred tax assets. We continue to monitor and weigh both positive and negative evidence related to the future ability to realize these assets. If it is determined that the evidence indicates that it is more likely than not that we will not be able to realize the deferred tax assets in the future, an adjustment to the deferred tax asset valuation allowance would be recorded in the period when such determination is made.

Following the Infor combination transaction that occurred on April 5, 2012, we completed several organizational restructuring actions and we continue to evaluate various other tax structuring alternatives to rationalize various legal entities and reduce our overall global tax liability. While we have not finalized additional plans at this time, we expect to conclude such plans during the second and third quarter of fiscal 2014. Until that time, we expect to further evaluate the impact of any restructuring actions on the realizability of available deferred tax assets in the various jurisdictions in which we operate.

13. Comprehensive Income (Loss)

Comprehensive income (loss) is the change in equity of a business enterprise from non-stockholder transactions impacting stockholders’ deficit that are not included in the statement of operations and are reported as a separate component of stockholders’ deficit. Other comprehensive income (loss) includes net income or loss, the change in foreign currency translation adjustments, net of tax, and changes in defined benefit plan obligations, net of tax.

We report accumulated other comprehensive income (loss) as a separate line item in the stockholders’ deficit section of our Condensed Consolidated Balance Sheets. We report the components of comprehensive income (loss) on our Condensed Consolidated Statements of Comprehensive Income (Loss).

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Total accumulated other comprehensive income (loss) and its components were as follows for the periods indicated:

(in millions)	Foreign Currency Translation Adjustment			Funded Status of Defined Benefit Pension Plan			Accumulated Other Comprehensive Income (Loss) (1)
Balance, May 31, 2013	$	98.9		$	(8.9	)	$	90.0
Other comprehensive income (loss)		(20.2	)		(0.1	)		(20.3	)
Balance, August 31, 2013	$	78.7		$	(9.0	)	$	69.7

(1) Accumulated other comprehensive income (loss) is presented net of tax provision of $0.9 million and $0.9 million as of August 31, 2013, and May 31, 2013, respectively.

The components of other comprehensive income (loss) were as follows for the periods indicated. There were no amounts reclassified out of accumulated other comprehensive income in either period.

(in millions)				Income Tax
Three Months Ended	Before-Tax			(Expense) Benefit		Net-of-Tax
August 31, 2013
Foreign currency translation adjustment	$	(20.2	)	$	—	$	(20.2	)
Change in funded status of defined benefit plans		(0.1	)		—		(0.1	)
Other comprehensive income (loss)	$	(20.3	)	$	—	$	(20.3	)
August 31, 2012
Foreign currency translation adjustment	$	62.7		$	—	$	62.7
Change in funded status of defined benefit plans		(0.3	)		—		(0.3	)
Other comprehensive income (loss)	$	62.4		$	—	$	62.4

14. Commitments and Contingencies

Leases

We have entered into cancelable and non-cancelable operating leases, primarily related to rental of office space, certain office equipment and automobiles. Total rent expense for operating leases was $12.6 million and $14.1 million for the three-month periods ended August 31, 2013 and August 31, 2012, respectively.

We have also entered into certain capital lease commitments for buildings, automobiles, computers and operating equipment. Aggregate property acquired through capital leases and the associated depreciation of these assets is included in property and equipment, net on our Condensed Consolidated Balance Sheets. The current portion of capital lease obligations is included in accrued expenses and the long-term portion of capital lease obligations is included in other long-term liabilities on our Condensed Consolidated Balance Sheets.

Litigation

From time to time, we are subject to litigation in the normal course of business. We accrue for litigation exposure when a loss is probable and estimable. Accrued litigation as of August 31, 2013, and May 31, 2013, was $9.8 million and $12.1 million, respectively. We expense all legal costs to resolve regulatory, legal, tax or other matters in the period incurred.

Patent Infringement Lawsuit by ePlus

On May 19, 2009, ePlus sued a number of defendants, including Lawson, alleging infringement of three separate United States patents. Prior to trial, the district court excluded all of ePlus’ evidence of damages, and as a result, only liability issues were submitted to the jury. On January 27, 2011, a jury found that Lawson’s S3 Procurement System, when used in combination with certain complementary Supply Chain Management products we offer, namely Requisition Self Service (RSS), RSS and Procurement Punchout (Punchout), and/or RSS, Punchout and Electronic Data Interface (EDI), as well as its M3 e-Procurement System,

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infringed two of the ePlus patents. No damages were awarded to ePlus. Following the jury verdict, Lawson developed a design-around product, Requisition Center (RQC), which was intended to be a non-infringing replacement of RSS. Since May 18, 2011, Lawson has made RQC available free of charge to all of its customers that had a product configuration that included RSS. On May 23, 2011, the Court entered an injunction prohibiting Lawson from licensing, servicing, or supporting our S3 Procurement System, when used in combination with RSS, RSS and Punchout and/or RSS, Punchout and EDI, and its M3 e-Procurement System, in the United States, although the effect of such injunction was stayed for six-months for certain of our health care customers. Lawson took an appeal to the United States Court of Appeals for the Federal Circuit as to the liability issues and one aspect of the injunction; ePlus filed a cross-appeal as to damages.

In September 2011, ePlus initiated contempt proceedings alleging that Lawson was not compliant with the injunction for, inter alia, releasing RQC which ePlus claims is not more than colorably different from RSS and also infringes its patents. In the contempt proceeding, which is currently on-going before the same district court judge who presided over the underlying jury trial, ePlus is seeking, among other things, monetary damages as a remedy for Lawson’s alleged violation of the court’s injunction order, and a ruling that might enjoin further sales or servicing of the redesigned products that incorporate Punchout or Punchout and EDI. We are vigorously defending this matter because we believe Lawson has meritorious defenses, including: (i) that the product modifications render the current product more than colorably different from the adjudged infringing products, making contempt inappropriate; and (ii) that the modified product does not infringe the claims of the patents-in-suit as those claims were alleged and proved to be infringed by the original products. If Lawson prevails on either defense, the contempt proceeding will be dismissed in its favor.

On November 21, 2012, the United States Court of Appeals for the Federal Circuit decided the direct appeal, affirming-in-part, reversing-in-part, vacating-in-part, and remanding the case to the District Court. The jury’s verdict of liability on one method claim (applicable to two of Lawson’s accused configurations) was affirmed; all other liability findings were reversed, including the two system claims that are directed to the making, using and selling of specific types of procurement systems. The Circuit Court did not reverse the trial court’s rulings against ePlus on damages. The case was remanded for consideration of changes that are required to be made to the injunction in light of the liability rulings in Lawson’s favor. On December 21, 2012, ePlus filed a Petition in the Federal Circuit seeking rehearing of the liability rulings against it in the Court’s November 21, 2012 decision, which Petition was denied on January 29, 2013. The Petition did not raise the damages issues, thus making final ePlus’s non-entitlement to infringement damages.

The District Court conducted an evidentiary hearing in the contempt proceeding in the first week of April 2013. Before that hearing, Lawson moved to dissolve or modify the injunction based on the Circuit Court’s ruling. The District Court did not rule on that motion before the hearing. On June 11, 2013, the District Court modified the injunction by deleting from its scope the product consisting of the S3 Procurement System in combination with RSS, but ordered that the injunction shall remain in effect in all other respects. The District Court issued a separate order denying Lawson’s motion to dissolve or modify the injunction. Lawson has appealed the District Court’s denial of the motion to modify, and order of modification, to the United States Court of Appeals for the Federal Circuit.

On August 16, 2013, the District Court issued an Opinion and Order finding Lawson in contempt of its May 23, 2011 injunction, awarding damages to ePlus in the amount of $18,167,950 (plus post-judgment interest at an annual rate of 0.12%), denying ePlus’ request for enhanced damages and attorney’s fees, and imposing a coercive remedy in the daily amount of $62,362 payable to the Court, unless and until Lawson establishes that it is in compliance with the Court’s injunction order by September 20, 2013. Lawson filed a stay request in the District Court, which granted the request to stay the money judgment to ePlus, but denied the request to stay the deadline to demonstrate compliance. Lawson noticed a timely appeal and filed a motion for stay with the United States Court of Appeals for the Federal Circuit of the District Court’s August 16, 2013 ruling. On September 19, 2013, the Court of Appeals entered a stay order providing that “(1) Lawson shall not have to demonstrate compliance with the May 23, 2011 injunction order during the pendency of its appeal of the Contempt Order; (2) Lawson shall not have to pay the $62,362 per day fine, which will not accrue during the pendency of its appeal; and (3) the $62,362 per day fine will only begin to accrue if Lawson is unsuccessful on appeal.” The Court of Appeals denied the stay in part, stating that if Lawson did not comply with the injunction and did not prevail on appeal, Lawson would be liable for compensatory damages, interest or fees “to the extent appropriate.” Lawson believes it has a strong likelihood of success in its appeal based on the arguments it asserted in its motion for stay filed with the Court of Appeals, among other arguments.

On September 20, 2013, Lawson submitted to the District Court a Report of Compliance, limited to software configurations with the decommissioned RSS module and Procurement Punchout. Lawson states in that submission that it is in compliance with the District Court injunction as it pertains to those configurations.

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Given the inherent unpredictability of judicial proceedings, the pending appeal of the District Court’s injunction orders, as well as the right of either party to appeal an unfavorable decision from any ruling made on the merits of the contempt application, we cannot at this time predict whether, or to what extent, the injunction will continue in effect, or the eventual outcome of the contempt proceeding. Additionally, three of the five patent claims that the jury found Lawson to infringe have been found invalid in a final determination by the Board of Patent Appeals and Interferences (BPAI), including the one infringed claim that survived direct appeal. That administrative determination is being appealed by ePlus to the United States Court of Appeals for the Federal Circuit (Lawson is not a party to that case, but may benefit from its outcome). An affirmance of the BPAI’s decision would provide Lawson with a basis to seek the vacation of any injunction, and the dismissal or vacation of any contempt proceeding, as a matter of law. The results of that pending appeal cannot be predicted.

Because patent litigation is time-consuming and costly to defend, we will continue to incur significant costs defending this case until its ultimate resolution in the District Court and an appeal by the losing party. If ePlus prevails in the contempt proceeding or a subsequent new trial or infringement, we could be required to disgorge some portion of our revenues derived from conduct found by the District Court to be infringing and we could be prohibited from any such future servicing of such configurations (during the life of the single patent still at issue) unless we were able to reach agreement with ePlus on a license to operate under its patents.

Other Proceedings

We are subject to various other legal proceedings and the risk of litigation by employees, customers, patent owners, suppliers, stockholders or others through private actions, class actions, administrative proceedings or other litigation. While the outcome of these claims cannot be predicted with certainty, we are of the opinion that, based on information presently available, the resolution of any such legal matters existing as of August 31, 2013, will not have a material adverse effect on our financial position, results of operations or cash flows.

Guarantees

We typically grant our customers a warranty that guarantees that our product will substantially conform to Infor’s current specifications for 90 days from the delivery date. We also indemnify our customers from third-party claims of intellectual property infringement relating to the use of our products. Infor’s standard software license agreements contain liability clauses that are limited in amount. We account for these clauses under ASC 460, Guarantees. We have not previously incurred costs to settle claims or paid awards under these indemnification obligations. Accordingly, we have not recorded any liabilities related to these agreements as of August 31, 2013, and May 31, 2013.

15. Segment and Geographic Information

We are a global provider of enterprise business applications software and services focused primarily on medium and large enterprises. We provide industry-specific and other enterprise software products and related services to companies in the manufacturing, distribution, healthcare, public sector, automotive, service industries, ESM&R, consumer products & retail and hospitality industries. We serve customers in the Americas, EMEA and APAC geographic regions.

Segment Information

We view our operations and manage our business as three reportable segments: License, Maintenance, and Consulting. See Note 1, Nature of Business and Basis of Presentation – Business Segments. It is around these three key sets of business activities that we have organized our business and established budgets, forecasts and strategic objectives, including go-to-market strategies. Within our organization, multiple sets of information are available reflecting various views of our operations including vertical, geographic, product, and/or functional information. However, the financial information provided to and used by our CODM to assist in making operational decisions, allocating resources and assessing performance reflects revenues, cost of revenues and sales margin for these three segments.

License—Our License segment develops, markets and distributes enterprise software including the following types of software: enterprise human capital management, financial management, business intelligence, asset management, enterprise performance management, supply chain management, service management, manufacturing operations, business project management and property management for hospitality companies. License revenues include license fees which primarily consist of fees resulting from products licensed to customers on a perpetual basis. Product license fees result from a customer’s licensing of a given software product for the

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first time or with a customer’s licensing of additional users for previously licensed products. License revenues also include revenues related to our SaaS offerings.

Maintenance —Our Maintenance segment provides software updates and product support including when and if available upgrades, release updates, regulatory updates and patches, access to our knowledge base and technical support team, technical advice and application management. Generally, these services are provided under annual contracts. Infor’s maintenance agreements are comprehensive customer support programs which entitle customers to various levels of support to meet their specific needs. Infor’s maintenance and customer support offerings are delivered through our global support organization operating from our support centers around the world. Maintenance revenues include product updates and support fees revenues which represent the ratable recognition of fees to enroll and renew licensed products in our maintenance programs. These fees are typically charged annually and are based on the license fees initially paid by the customer. These revenues can fluctuate based on the number and timing of new license contracts, renewal rates and price increases.

Consulting—Our Consulting segment provides software implementation, customization, integration, training and other consulting services related to Infor’s software products. Services in this segment are generally provided under time and materials contracts, and in certain situations, under fixed-fee or maximum-fee contracts. Infor’s consulting offerings range from initial assessment and planning of a project to the actual implementation and post implementation of a project, including optimizing a customer’s use of our software as well as training and learning tools designed to help customers become proficient in using Infor’s software quickly and effectively. Consulting services and other revenue include consulting services and other fees revenues from services provided to customers who have licensed Infor’s products.

The measure we use to assess our reportable segments’ operating performance is sales margin. Reportable segment sales margin includes segment revenues net of direct controllable costs. Segment revenues include adjustments to increase revenues that would have been recognized if we had not adjusted certain deferred revenue balances related to acquisitions to their fair values at the time of the acquisition as required by GAAP. Segment costs represent those cost of resources dedicated to each segment, direct sales costs, and allocation of certain operating expenses. Segment costs exclude any allocation of depreciation and amortization related to our acquired intangible assets or restructuring costs.

We do not have any intercompany revenue recorded between reportable segments. The accounting policies for our reportable segments are the same as those used in our Consolidated Financial Statements. We do not assess or report assets or capital expenditures by reportable segment. For disclosure of goodwill by reportable segment see Note 4, Goodwill.

The following table presents financial information for our reportable segments for the periods indicated:

(in millions, except percentages)	Reportable Segment
Three Months Ended	License			Maintenance			Consulting			Total
August 31, 2013
Revenues	$	106.9		$	365.5		$	180.4		$	652.8
Cost of revenues		15.8			62.4			144.3			222.5
Direct sales costs		85.1			—			—			85.1
Sales margin	$	6.0		$	303.1		$	36.1		$	345.2
Sales margin %		5.6	%		82.9	%		20.0	%		52.9	%
August 31, 2012
Revenues	$	105.6		$	357.7		$	175.3		$	638.6
Cost of revenues		15.2			62.3			140.5			218.0
Direct sales costs		82.4			—			—			82.4
Sales margin	$	8.0		$	295.4		$	34.8		$	338.2
Sales margin %		7.6	%		82.6	%		19.9	%		53.0	%

The following table presents a reconciliation of our reportable segment revenues, net of the reversal of purchase accounting revenue adjustments, and our reportable segment sales margin to total consolidated revenues and consolidated loss before income tax benefit for the periods indicated:

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	Three Months Ended August 31,
(in millions)	2013			2012
Reportable segment revenues	$	652.8		$	638.6
Purchase accounting revenue adjustments (1)		(2.5	)		(6.8	)
Total revenues	$	650.3		$	631.8
Reportable segment sales margin	$	345.2		$	338.2
Other unallocated costs and operating expenses (2)		165.9			159.6
Amortization of intangible assets and depreciation		63.9			73.0
Restructuring		2.2			5.5
Income from operations		113.2			100.1
Total other expense, net		84.3			104.0
Income (loss) before income tax	$	28.9		$	(3.9	)

(1) Adjustments to decrease reportable segment revenue for revenue that we would have recognized had we not adjusted acquired deferred revenue as required by GAAP.

(2) Other unallocated costs and operating expenses include certain sales and marketing expenses, research and development, general and administrative, acquisition related and other costs, as well as adjustments for deferred costs recognized related to acquired deferred revenue.

Geographic Information

The following table presents our revenues summarized by geographic region, based on the location at which each sale originates, for the periods indicated:

(in millions)	Geographic Region
Three Months Ended	Americas		EMEA		APAC		Total
August 31, 2013
Software license fees and subscriptions	$	67.5	$	28.6	$	9.5	$	105.6
Product updates and support fees		224.7		110.7		29.6		365.0
Software revenues		292.2		139.3		39.1		470.6
Consulting services and other fees		86.6		75.7		17.4		179.7
Total revenues	$	378.8	$	215.0	$	56.5	$	650.3
August 31, 2012
Software license fees and subscriptions	$	58.6	$	33.6	$	8.6	$	100.8
Product updates and support fees		219.2		106.7		31.2		357.1
Software revenues		277.8		140.3		39.8		457.9
Consulting services and other fees		85.5		69.1		19.3		173.9
Total revenues	$	363.3	$	209.4	$	59.1	$	631.8

The following table presents our long-lived tangible assets, consisting of property and equipment net of accumulated depreciation, summarized by geographic region:

	Geographic Region
(in millions)	Americas		EMEA		APAC		Total
August 31, 2013	$	44.9	$	25.8	$	3.2	$	73.9
May 31, 2013	$	42.9	$	25.0	$	3.4	$	71.3

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The following table sets forth our revenues by country for the periods indicated:

(in millions)	Three Months Ended August 31,
Revenues	2013		2012
United States	$	332.6	$	310.8
All other countries		317.7		321.0
Total revenues	$	650.3	$	631.8

Revenues attributable to the United States, our county of domicile, and foreign countries are based on the country in which the sales originate.

The following table sets forth long-lived tangible assets by country at the dates indicated:

(in millions)	August 31,		May 31,
Long-Lived Tangible Assets	2013		2013
United States	$	44.1	$	42.1
Germany		9.9		9.7
All other countries		19.9		19.5
Total long-lived tangible assets	$	73.9	$	71.3

Only those countries in which revenues or long-lived assets exceed 10% of our consolidated revenues or long-lived assets are reflected in the above tables. In those fiscal periods when a country’s revenues or long-lived tangible assets are less than 10% of the consolidated totals, applicable amounts are included in “all other countries.”

16. Related Party Transactions

We have entered into advisory agreements with both Golden Gate Capital and Summit Partners, L.P. (Summit Partners, and together with Golden Gate Capital, the Sponsors) pursuant to which we have retained them to provide advisory services relating to financing and strategic business planning, acquisitions and investments, analysis and oversight, executive recruiting and certain other services. The Sponsors are our largest investors.

Golden Gate Capital

During the first three months of fiscal 2014 and 2013, we recognized as a component of general and administrative expenses in our Condensed Consolidated Statement of Operations $1.5 million and $1.4 million, respectively, for Golden Gate Capital management fees and expenses rendered in connection with acquisitions, debt refinancing and other advisory services. At August 31, 2013, $0.3 million of these fees remained unpaid.

In the normal course of business, we may sell or purchase products and services to companies owned by Golden Gate Capital. Sales to Golden Gate Capital-owned companies were approximately $0.3 million and $0.5 million in the first three months of fiscal 2014 and 2013, respectively. These revenues were recognized according to our revenue recognition policy as described in Note 2, Summary of Significant Accounting Policies. In addition, we have made payments to companies owned by Golden Gate Capital of an insignificant amount and approximately $0.3 million in the first three months of fiscal 2014 and 2013, respectively.

Summit Partners

During the first three months of fiscal 2014 and 2013, we recognized as a component of general and administrative expenses in our Condensed Consolidated Statement of Operations $0.5 million and $0.5 million, respectively, for Summit Partners management fees and expenses rendered in connection with acquisitions, debt refinancing and other advisory services, all of which were paid at August 31, 2013. We had no sales to companies owned by Summit Partners in the first three months of fiscal 2014 or the corresponding prior period. We have made an insignificant amount of payments to companies owned by Summit Partners in the first three months of fiscal 2014 with none in the corresponding prior period.

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Due from Affiliates

Infor, through certain of our subsidiaries, had net receivables from Lux Bond Co of $27.4 million and $30.1 million as of August 31, 2013, and May 31, 2013, respectively. These receivables arose primarily due to our payment of deferred financing fees and interest related to Lux Bond Co debt and are included in receivable from stockholders in the equity section on our Condensed Consolidated Balance Sheets. In fiscal 2013, we funded quarterly interest payments totaling $18.2 million that were due related to the Lux PIK Term Loan primarily through affiliate loans to Lux Bond Co. In the first quarter of fiscal 2014, Lux Bond Co did not elect to pay interest in cash and we did not fund the quarterly interest payment. Any future quarterly interest payments along with the repayment of the remaining principal balance at maturity may also be funded through additional loans to Lux Bond Co.

In addition, Infor has entered into a tax Allocation Agreement with GGC Software Parent, Inc., an affiliate of Lux Bond Co, that was effective as of April 5, 2012. The Company is included in the GGC Software Parent, Inc. consolidated federal income tax return and the Tax Allocation Agreement sets forth the obligation of the Company and its domestic subsidiaries with regard to preparing and filing tax returns and allocating tax payments under the consolidated reporting rules of the Internal Revenue Code and similar state and local tax laws governing combined or consolidated filings. The Tax Allocation Agreement provides that each domestic subsidiary that is a member of the consolidated, unitary or combined tax group will pay its share of the taxes of the group. In the first quarter of fiscal 2014, we recorded $2.7 million under the terms of the Tax Allocation Agreement as a reduction to the receivable from Lux Bond Co as of August 31, 2013.

17. Supplemental Guarantor Financial Information

The 9.375%, 10.0% and 11.5% senior notes issued by Infor (US), Inc. are fully and unconditionally guaranteed except for certain customary automatic release provisions, jointly and severally, by Infor, Inc., its parent company, and substantially all of its existing and future 100% owned domestic subsidiaries (collectively the Guarantor Subsidiaries). See Note 11, Debt. Its other subsidiaries (collectively, the Non-Guarantor Subsidiaries) are not guarantors of our borrowings. The indentures governing the notes limit, among other things, the ability of Infor, Inc. and the Guarantor Subsidiaries to incur additional indebtedness; declare or pay dividends, redeem stock or make other distributions to stockholders; make investments; create liens or use assets as security in other transactions; merge or consolidate, or sell, transfer, lease or dispose of substantially all of our assets; enter into transactions with affiliates; and sell or transfer certain assets.

The following tables set forth requisite financial information of Infor, Infor (US), Inc., the Guarantor Subsidiaries and Non-Guarantor Subsidiaries including our Condensed Consolidating Balance Sheets as of August 31, 2013, and May 31, 2013, our Condensed Consolidating Statements of Operations and our Condensed Consolidating Statements of Comprehensive Income (Loss) for our fiscal quarters ended August 31, 2013 and August 31, 2012, and our Condensed Consolidating Statements of Cash Flows for the three months ended August 31, 2013 and August 31, 2012.

During the third quarter of fiscal 2013, we restructured certain of our legal entities which altered the make-up of our Subsidiary Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries. As a result of this reorganization of our legal structure, all financial information set forth below as of and for the periods ended August 31, 2013, and all prior periods presented have been retrospectively adjusted to, reflect our current organizational structure.

During the third quarter of fiscal 2013, we identified and corrected an error in the manner in which we were classifying our affiliate receivables with Lux Bond Co. Previously, the receivables were classified on our Consolidated Balance Sheets as other assets. Based upon our review of the nature of transactions that resulted in these receivables and our expectation as to the timing of the payments, we corrected our presentation of our affiliate receivables and reclassified the balance from other assets to receivable from stockholders on our Consolidated Balance Sheets as of May 31, 2013. The cash flows related to the affiliate receivables were also reclassified from operating activities to financing activities in our Consolidated Statement of Cash Flows. We have assessed the materiality of these revisions and concluded that they were not material to any of our previously issued financial statements. As permitted by applicable accounting guidance, we have presented revised cash flow information below for the fiscal quarter ended August 31, 2012.

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Condensed Consolidating Balance Sheets

	August 31, 2013
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	117.8		$	—	$	363.2	$	—		$	481.0
Accounts receivable, net		—			125.8			6.8		188.2		—			320.8
Prepaid expenses		—			47.8			15.9		43.7		—			107.4
Income tax receivable		0.1			18.1			0.5		16.1		—			34.8
Other current assets		—			1.6			—		14.7		—			16.3
Affiliate receivable		—			332.2			268.3		23.8		(624.3	)		—
Deferred tax assets		—			18.9			2.8		16.5		(0.1	)		38.1
Total current assets		0.1			662.2			294.3		666.2		(624.4	)		998.4
Property and equipment, net		—			27.0			17.2		29.7		—			73.9
Intangible assets, net		—			648.0			12.2		372.2		—			1,032.4
Goodwill		—			2,240.6			62.7		1,843.3		—			4,146.6
Deferred tax assets		0.3			—			4.8		83.8		(5.1	)		83.8
Other assets		—			6.5			7.7		19.9		—			34.1
Deferred financing fees, net		—			146.0			—		—		—			146.0
Affiliate receivable		—			1,067.1			1.3		118.6		(1,187.0	)		—
Investment in subsidiaries		—			1,432.3			—		—		(1,432.3	)		—
Total assets	$	0.4		$	6,229.7		$	400.2	$	3,133.7	$	(3,248.8	)	$	6,515.2
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	—		$	25.8		$	—	$	23.4	$	—		$	49.2
Income taxes payable		—			—			—		34.3		—			34.3
Accrued expenses		—			173.5			27.4		158.3		—			359.2
Deferred tax liabilities		0.1			—			—		4.2		(0.1	)		4.2
Deferred revenue		—			503.8			15.4		313.6		—			832.8
Affiliate payable		29.4			290.3			225.2		79.4		(624.3	)		—
Current portion of long-term obligations		—			22.3			—		—		—			22.3
Total current liabilities		29.5			1,015.7			268.0		613.2		(624.4	)		1,302.0
Long-term debt		—			5,320.0			—		—		—			5,320.0
Deferred tax liabilities		—			177.3			—		53.3		(5.1	)		225.5
Affiliate payable		58.5			119.4			0.4		1,008.7		(1,187.0	)		—
Other long-term liabilities		—			65.4			8.4		149.6		—			223.4
Losses in excess of investment in subsidiaries		468.1			—			—		—		(468.1	)		—
Total liabilities		556.1			6,697.8			276.8		1,824.8		(2,284.6	)		7,070.9
Total stockholders’ equity (deficit)		(555.7	)		(468.1	)		123.4		1,308.9		(964.2	)		(555.7	)
Total liabilities and stockholders’ deficit	$	0.4		$	6,229.7		$	400.2	$	3,133.7	$	(3,248.8	)	$	6,515.2

28

	May 31, 2013
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	89.5		$	—	$	332.4	$	—		$	421.9
Accounts receivable, net		—			161.3			6.2		239.7		—			407.2
Prepaid expenses		—			51.2			15.4		41.9		—			108.5
Income tax receivable		0.1			15.8			0.5		16.1		—			32.5
Other current assets		—			2.1			0.4		16.1		—			18.6
Affiliate receivable		—			314.7			222.1		47.3		(584.1	)		—
Deferred tax assets		—			18.9			2.8		16.5		(0.1	)		38.1
Total current assets		0.1			653.5			247.4		710.0		(584.2	)		1,026.8
Property and equipment, net		—			24.6			17.5		29.2		—			71.3
Intangible assets, net		—			682.0			13.2		392.5		—			1,087.7
Goodwill		—			2,240.6			62.7		1,836.5		—			4,139.8
Deferred tax assets		0.2			—			5.8		87.8		(6.0	)		87.8
Other assets		—			7.0			10.5		19.1		—			36.6
Deferred financing fees, net		—			141.1			—		—		—			141.1
Affiliate receivable		—			1,049.0			11.0		119.0		(1,179.0	)		—
Investment in subsidiaries		—			1,404.8			—		—		(1,404.8	)		—
Total assets	$	0.3		$	6,202.6		$	368.1	$	3,194.1	$	(3,174.0	)	$	6,591.1
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	—		$	19.0		$	—	$	21.6	$	—		$	40.6
Income taxes payable		—			0.3			—		28.4		—			28.7
Accrued expenses		—			150.2			30.0		186.2		—			366.4
Deferred tax liabilities		0.1			—			—		4.3		(0.1	)		4.3
Deferred revenue		—			552.2			13.6		361.9		—			927.7
Affiliate payable		29.4			258.1			193.2		103.4		(584.1	)		—
Current portion of long-term obligations		—			91.2			—		—		—			91.2
Total current liabilities		29.5			1,071.0			236.8		705.8		(584.2	)		1,458.9
Long-term debt		—			5,232.9			—		—		—			5,232.9
Deferred tax liabilities		—			186.1			—		50.9		(6.0	)		231.0
Affiliate payable		58.3			119.8			0.4		1,000.5		(1,179.0	)		—
Other long-term liabilities		—			69.2			11.5		151.5		—			232.2
Losses in excess of investment in subsidiaries		476.4			—			—		—		(476.4	)		—
Total liabilities		564.2			6,679.0			248.7		1,908.7		(2,245.6	)		7,155.0
Total stockholders’ equity (deficit)		(563.9	)		(476.4	)		119.4		1,285.4		(928.4	)		(563.9	)
Total liabilities and stockholders’ deficit	$	0.3		$	6,202.6		$	368.1	$	3,194.1	$	(3,174.0	)	$	6,591.1

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Condensed Consolidating Statements of Operations

	Three Months Ended August 31, 2013
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenues:
Software license fees and subscriptions	$	—		$	62.4		$	1.3		$	41.9		$	—		$	105.6
Product updates and support fees		—			203.0			7.3			154.7			—			365.0
Software revenues		—			265.4			8.6			196.6			—			470.6
Consulting services and other fees		—			71.9			2.9			104.9			—			179.7
Total revenues		—			337.3			11.5			301.5			—			650.3
Operating expenses:
Cost of software license fees and subscriptions		—			10.3			1.0			6.2			0.2			17.7
Cost of product updates and support fees		—			30.5			0.9			29.7			1.3			62.4
Cost of consulting services and other fees		—			55.5			2.3			84.0			2.3			144.1
Sales and marketing		—			47.1			6.8			44.4			1.4			99.7
Research and development		—			45.4			2.2			39.6			2.7			89.9
General and administrative		—			5.8			27.3			22.1			(7.9	)		47.3
Amortization of intangible assets and depreciation		—			36.9			3.0			24.0			—			63.9
Restructuring costs		—			(0.3	)		0.2			2.3			—			2.2
Acquisition related and other costs		—			10.8			—			(0.9	)		—			9.9
Affiliate (income) expense, net		—			36.9			(36.4	)		(0.5	)		—			—
Total operating expenses		—			278.9			7.3			250.9			—			537.1
Income from operations		—			58.4			4.2			50.6			—			113.2
Other expense, net:
Interest expense, net		—			98.7			—			0.2			—			98.9
Affiliate interest (income) expense, net		—			(14.8	)		—			14.8			—			—
Loss on extinguishment of debt		—			0.7			—			—			—			0.7
Other (income) expense, net		—			4.5			(0.1	)		(19.7	)		—			(15.3	)
Total other expense, net		—			89.1			(0.1	)		(4.7	)		—			84.3
Income (loss) before income tax		—			(30.7	)		4.3			55.3			—			28.9
Income tax provision (benefit)		—			(6.7	)		0.9			11.6			—			5.8
Equity in (earnings) loss of subsidiaries		(23.1	)		(47.1	)		—			—			70.2			—
Net income (loss)	$	23.1		$	23.1		$	3.4		$	43.7		$	(70.2	)	$	23.1

30

	Three Months Ended August 31, 2012
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenues:
Software license fees and subscriptions	$	—		$	55.0		$	1.2		$	44.6		$	—		$	100.8
Product updates and support fees		—			196.7			7.1			153.3			—			357.1
Software revenues		—			251.7			8.3			197.9			—			457.9
Consulting services and other fees		—			69.0			2.9			102.0			—			173.9
Total revenues		—			320.7			11.2			299.9			—			631.8
Operating expenses:
Cost of software license fees and subscriptions		—			9.4			1.1			7.0			0.1			17.6
Cost of product updates and support fees		—			31.0			0.5			29.8			1.0			62.3
Cost of consulting services and other fees		—			54.6			2.6			81.0			1.9			140.1
Sales and marketing		—			45.1			3.0			49.2			1.2			98.5
Research and development		—			43.6			0.1			37.0			2.0			82.7
General and administrative		—			10.6			23.7			22.0			(6.2	)		50.1
Amortization of intangible assets and depreciation		—			41.7			3.7			27.6			—			73.0
Restructuring costs		—			0.6			0.1			4.8			—			5.5
Acquisition related and other costs		—			(0.7	)		2.6			—			—			1.9
Affiliate (income) expense, net		—			32.0			(33.2	)		1.2						—
Total operating expenses		—			267.9			4.2			259.6			—			531.7
Income (loss) from operations		—			52.8			7.0			40.3			—			100.1
Other expense, net:
Interest expense, net		—			108.2			—			—			—			108.2
Affiliate interest (income) expense, net		—			(19.4	)		—			19.4			—			—
Loss on extinguishment of debt		—			—			—			—			—			—
Other (income) expense, net		—			8.4			0.3			(12.9	)		—			(4.2	)
Total other expense, net		—			97.2			0.3			6.5			—			104.0
Income (loss) before income tax		—			(44.4	)		6.7			33.8			—			(3.9	)
Income tax provision (benefit)		1.3			8.2			2.0			17.9			—			29.4
Equity in (earnings) loss of subsidiaries		32.0			(20.6	)		—			—			(11.4	)		—
Net income (loss)	$	(33.3	)	$	(32.0	)	$	4.7		$	15.9		$	11.4		$	(33.3	)

Condensed Consolidating Statements of Comprehensive Income (Loss)

	Three Months Ended August 31, 2013
(in millions)	Infor, Inc. (Parent)		Infor (US), Inc. (Subsidiary Issuer)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net income (loss)	$	23.1	$	23.1	$	3.4	$	43.7		$	(70.2	)	$	23.1
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax		—		—		—		(20.2	)		—			(20.2	)
Defined benefit plan funding status, net of tax		—		—		—		(0.1	)		—			(0.1	)
Total other comprehensive income (loss)		—		—		—		(20.3	)		—			(20.3	)
Comprehensive income (loss)	$	23.1	$	23.1	$	3.4	$	23.4		$	(70.2	)	$	2.8

31

	Three Months Ended August 31, 2012
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Net income (loss)	$	(33.3	)	$	(32.0	)	$	4.7	$	15.9		$	11.4	$	(33.3	)
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax		—			—			—		62.7			—		62.7
Defined benefit plan funding status, net of tax		—			—			—		(0.3	)		—		(0.3	)
Total other comprehensive income (loss)		—			—			—		62.4			—		62.4
Comprehensive income (loss)	$	(33.3	)	$	(32.0	)	$	4.7	$	78.3		$	11.4	$	29.1

Condensed Consolidating Statements of Cash Flows

	Three Months Ended August 31, 2013
(in millions)	Infor, Inc. (Parent)		Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Net cash provided by (used in) operating activities	$	—	$	34.8		$	(7.8	)	$	50.5		$	—	$	77.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		—		0.4			—			(0.7	)		—		(0.3	)
Change in restricted cash		—		—			—			(1.6	)		—		(1.6	)
Purchases of property, equipment and software		—		(5.3	)		(1.8	)		(1.3	)		—		(8.4	)
Net cash used in investing activities		—		(4.9	)		(1.8	)		(3.6	)		—		(10.3	)
Cash flows from financing activities:
Loans to stockholders		—		—			—			—			—		—
Payments on capital lease obligations		—		(0.1	)		—			(0.5	)		—		(0.6	)
Proceeds from issuance of debt		—		937.7			—			—			—		937.7
Payments on long-term debt		—		(933.5	)		—			—			—		(933.5	)
(Payments) proceeds from affiliate within group		—		6.2			9.6			(15.8	)		—		—
Deferred financing fees		—		(11.9	)		—			—			—		(11.9	)
Net cash provided by (used in) financing activities		—		(1.6	)		9.6			(16.3	)		—		(8.3	)
Effect of exchange rate changes on cash and cash equivalents				—			—			0.2			—		0.2
Net increase (decrease) in cash and cash equivalents		—		28.3			—			30.8			—		59.1
Cash and cash equivalents at the beginning of the period		—		89.5			—			332.4			—		421.9
Cash and cash equivalents at the end of the period	$	—	$	117.8		$	—		$	363.2		$	—	$	481.0

32

	Three Months Ended August 31, 2012
(in millions)	Infor, Inc. (Parent)		Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Net cash provided by (used in) operating activities	$	—	$	26.3		$	3.5		$	(3.6	)	$	—	$	26.2
Cash flows from investing activities:
Acquisitions, net of cash acquired		—		—			—			(39.6	)		—		(39.6	)
Change in restricted cash		—		—			—			0.4			—		0.4
Purchases of property, equipment and software		—		(5.9	)		(3.4	)		(1.0	)		—		(10.3	)
Net cash used in investing activities		—		(5.9	)		(3.4	)		(40.2	)		—		(49.5	)
Cash flows from financing activities:
Loans to stockholders		—		(2.8	)		—			—			—		(2.8	)
Payments on capital lease obligations		—		—			(0.1	)		(0.1	)		—		(0.2	)
Proceeds from issuance of debt		—		—			—			—			—		—
Payments on long-term debt		—		(22.7	)		—			—			—		(22.7	)
(Payments) proceeds from affiliate within group		—		(34.6	)		—			34.6			—		—
Deferred financing fees		—		—			—			—			—		—
Net cash provided by (used in) financing activities		—		(60.1	)		(0.1	)		34.5			—		(25.7	)
Effect of exchange rate changes on cash and cash equivalents		—		—			—			6.2			—		6.2
Net increase (decrease) in cash and cash equivalents		—		(39.7	)		—			(3.1	)		—		(42.8	)
Cash and cash equivalents at the beginning of the period		—		164.4			—			220.0			—		384.4
Cash and cash equivalents at the end of the period	$	—	$	124.7		$	—		$	216.9		$	—	$	341.6

18. Subsequent Events

On September 13, 2013, we entered into certain interest rate protection hedging agreements related to borrowings under our Credit Agreement. We entered into interest rate swaps with notional amounts totaling $945.0 million to limit our exposure to floating interest rate risk related to a significant portion of the outstanding balance of our Term Loans. These interest rate swaps have a forward effective date of March 31, 2015, with a 30 month term expiring September 29, 2017. We entered into the interest rate swaps for hedging purposes only and not for speculation. We have designated the interest rate swaps as cash flow hedges and we anticipate that these hedges will be highly effective at their inception and on an on-going basis.

33

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis of our financial condition and result of operations for the fiscal period ended August 31, 2013, should be read in conjunction with the audited financial statements of Infor, Inc. for our fiscal year ended May 31, 2013, which are included in the Annual Report on Form 10-K that we filed with the SEC on August 2, 2013, and related notes thereto.

Hereafter, any reference to Infor, we, our, us or the Company refers to Infor, Inc. and its consolidated subsidiaries.

Management Overview

General

Infor is a global provider of enterprise business applications software and services focused primarily on medium and large enterprises. We develop, market, distribute and service enterprise software applications that help organizations manage their businesses. We deliver integrated enterprise business solutions including customer relationship management (CRM), enterprise asset management (EAM), enterprise resource planning (ERP), financial management, human capital management (HCM), performance management, product lifecycle management, property management systems, central reservations systems, supplier relationship management and supply chain management (SCM), including business-specific inventory management, transportation logistics, manufacturing and warehouse management software. Infor also offers software license updates and product support as well as other services including consulting, advanced product services, hosting and education.

We offer a broad range of software applications and industry-specific solutions that we believe help our customers improve their business processes and reduce costs, resulting in better business or operational performance. Our solutions help automate and integrate critical business processes which enable our customers to better manage their suppliers, partners, customers and employees.

We specialize in and target specific industries (or verticals), and have industry-specific business units that leverage our industry-oriented products and teams. We provide industry-specific enterprise software products to companies in the manufacturing, distribution, healthcare, public sector, automotive, service industries, equipment services, management and rental (ESM&R), consumer products & retail and hospitality industries. Our industry-specific approach distinguishes us from larger competing enterprise software vendors, whose primary focus is on less specialized software programs that take more time and cost to tailor to our target customers’ specific needs. Augmenting our vertical-specific applications, we have leading horizontal software applications, including our CRM, EAM, HCM, SCM and financial application suites, which, through our proprietary light-weight middleware solution ION^®, are integrated with our enterprise software applications and sold across verticals.

We generate revenue primarily by licensing software, providing product updates and support and providing consulting services to our customers. We operate in three segments: License, Maintenance and Consulting. We market and sell our software and services primarily through a direct sales force, which is augmented by systems integrators and resellers. In addition to providing software products, we generate substantial recurring revenue by providing on-going software support services to our customers through our maintenance and support programs. The product updates and support we provide are valued by our customers as evidenced by our high annual maintenance retention rates. We also help our customers implement and use our applications effectively through our consulting services offerings, including training, implementation and consulting services.

We serve customers across three geographic regions—the Americas, EMEA and APAC. We have approximately 12,700 employees worldwide and have offices in 40 countries. We have established a worldwide infrastructure for distribution, development and support of our enterprise software. This worldwide coverage provides us with both economies of scale and the ability to leverage our geographical expertise to effectively enter new markets and segments. In the first three months of fiscal 2014, our Americas, EMEA and APAC regions generated approximately 58.2%, 33.1% and 8.7% of our revenues, respectively. Though we have a considerable presence outside of the U.S. today, we continue to believe we have significant opportunities to expand internationally and capture market share, especially in the EMEA and APAC regions.

First Quarter Fiscal 2014 Overview

In the first quarter of fiscal 2014, we realized positive revenue growth in all revenue categories while controlling our costs when compared to the first quarter of fiscal 2013. The revenue growth was seen across all regions and revenue types, with the exception of software license fees and subscription revenue in EMEA. The impact of continued economic headwinds in EMEA was offset by strong revenue growth in the Americas. The positive revenue growth resulted in an increase in income from operations of $13.1 million, or 13.1%, when compared to the same quarter in fiscal 2013.

34

Acquisitions

An active acquisition program is another important element of our corporate strategy. In recent years, we have invested billions of dollars to acquire a number of complementary companies, products, services and technologies. We believe our acquisition program strengthens our competitive position, enhances the products and services that we can offer to customers, expands our customer base, provides greater scale to accelerate innovation, grows our revenues and earnings, and increases our overall value. We expect to continue to acquire companies, products, services and technologies in furtherance of our corporate strategy. See Note 3, Acquisitions, for additional information related to our recent acquisitions.

We believe we can fund our pending and future acquisitions with our internally available cash, cash equivalents and marketable securities, cash generated from operations or additional borrowings. We estimate the financial impact of any potential acquisition with regard to earnings, operating margin, cash flow and return on invested capital targets before deciding to move forward with an acquisition.

Fiscal 2013 Acquisitions

During fiscal 2013, we completed five acquisitions for an aggregate purchase price of $119.7 million, net of cash acquired. Operating results of these entities have been included in our results of operations since the applicable acquisition dates. These acquisitions were not significant, either individually or in the aggregate.

Fiscal 2014 Acquisitions

During the first quarter of fiscal 2014, we did not complete any acquisitions.

Financing Activities

In the second quarter of fiscal 2013, we entered into the First Amendment to our Credit Agreement pursuant which we refinanced the outstanding principal balance of our Tranche B Term Loan of $2,763.0 million with a new $2,793.1 million Tranche B-2 Term Loan and reduced the applicable interest rate margin by 1.0%. Proceeds from the Tranche B-2 Term Loan were used to refinance the outstanding principal of our Tranche B Term Loan, together with accrued and unpaid interest and applicable fees, including a prepayment premium of 1.0% of the principal amount thereof, in accordance with the terms of the Credit Agreement.

Most recently, in the first quarter of fiscal 2014, we entered into the Second Amendment to our Credit Agreement pursuant to which we refinanced the outstanding balance of our Tranche B-1 Term Loan and our Euro Term Loan with a new $483.0 million Tranche B-3 Term Loan and a new €350.0 million Euro Tranche B Term Loan. Pursuant to the Second Amendment we reduced the applicable interest rate margins and base interest rate floors and extended the maturity dates related to the refinanced term loans. Under this amendment, the Credit Agreement was also amended to, among other things, limit the applicability of the financial maintenance covenant (maximum total leverage ratio) to the Revolver and only for those fiscal quarters in which we have significant borrowings under our Revolver outstanding as of the last day of such quarter. Proceeds from the Tranche B-3 Term Loan and Euro Tranche B Term Loan were used to refinance the outstanding principal of our Tranche B-1 Term Loan and our Euro Term Loan, together with accrued and unpaid interest and applicable fees. In addition, $250.0 million of the proceeds were used to repay a portion of the outstanding balance of our Tranche B-2 Term Loan.

See, Liquidity and Capital Resources – Long-Term Debt, below for further discussion of these financing activities.

Non-GAAP Financial Measures

Our results of operations in this Management’s Discussion and Analysis are presented in accordance with GAAP. In addition to reporting our financial results in accordance with GAAP, we present certain non-GAAP financial measures as well. Presentation of these non-GAAP measures allows users to review our results of operations from the same perspective as management and our Board of Directors. These non-GAAP measures include non-GAAP revenues, non-GAAP income from operations and non-GAAP operating margin. See, Non-GAAP Financial Measure Reconciliations, below for additional information regarding our use of these non-GAAP financial measures and reconciliations to the corresponding GAAP measures.

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Foreign Currency

A significant portion of our business is conducted in currencies other than the U.S. Dollar, particularly the Euro and British Pound. Our revenues and operating expenses are affected by fluctuations in applicable foreign currency exchange rates. Downward fluctuations in the value of the U.S. Dollar compared to a foreign currency generally have the effect of increasing our revenues but also increasing our operating expenses denominated in currencies other than the U.S. Dollar. Similarly, strengthening in the U.S. Dollar compared to foreign currency exchange rates generally has the effect of reducing our revenues but also reducing our operating expenses denominated in currencies other than the U.S. Dollar. In addition, we have certain intercompany transfer pricing transactions, intercompany loans and other intercompany transactions that are not considered permanent in nature. Fluctuations in applicable foreign currency exchange rates on these intercompany balances may impact our results of operations.

For the first quarter of fiscal 2014, the average exchange rates for the U.S. Dollar against the Euro and British Pound weakened by approximately 6.3% and strengthened by approximately 1.6%, respectively, as compared to the average exchange rates for first quarter of fiscal 2013.

Our international operations have provided and will continue to provide a significant portion of our total revenues and expenses. As a result, total revenues and expenses will continue to be affected by changes in the U.S. Dollar against major international currencies. In order to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency fluctuations, we compare the percent change in the results from one period to another period using constant currency disclosure. To present this information, the most current period results for our entities reporting in currencies other than the U.S. Dollar are converted into U.S. Dollars at constant exchange rates (i.e. the average rates in effect in the prior comparable period) rather than the actual exchange rates in effect during the respective periods. In each of the tables below, we present the percent change based on actual results in reported currency and in constant currency.

The following tables summarize the period-over-period change, both in U.S. Dollars and percentages, in revenues and costs and expenses, isolating the fluctuations in exchange rates from changes in activity and pricing on a constant currency basis for the periods presented:

(in millions, except percentages)	Change Due to Currency Fluctuations		Change  in Constant Currency		Total Change		Change Due to Currency Fluctuations			Change  in Constant Currency			Total Change
Three Months Ended August 31, 2013 vs. 2012
Revenues:
Software license fees and subscriptions	$	—	$	4.8	$	4.8		—	%		4.8	%		4.8	%
Product updates and support fees		1.3		6.6		7.9		0.4			1.8			2.2
Software revenues		1.3		11.4		12.7		0.3			2.5			2.8
Consulting services and other fees		1.3		4.5		5.8		0.7			2.6			3.3
Total revenues	$	2.6	$	15.9	$	18.5		0.4	%		2.5	%		2.9	%
Total operating expenses	$	2.5	$	2.9	$	5.4		0.5	%		0.5	%		1.0	%

Critical Accounting Policies and Estimates

Our consolidated financial statements are prepared in conformity with GAAP which requires us to make certain estimates, judgments and assumptions. We believe that these estimates, judgments and assumptions are reasonable based upon information available to us at the time that the estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of our assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. To the extent there are material differences between these estimates, judgments or assumptions and actual results, our financial statements will be affected.

Our critical accounting policies are described in detail in our Management’s Discussion and Analysis of Financial Condition and Results of Operations, as provided in our Annual Report on Form 10-K that we filed with the SEC on August 2, 2013. These policies reflect those areas that require more significant judgments, and use of estimates and assumptions in the preparation of our financial statements and include the following:

• Revenue Recognition;

• Business Combinations;

• Restructuring;

• Valuation of Accounts Receivable;

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• Valuation of Goodwill and Intangible Assets;

• Income Taxes and Valuation of Deferred Tax Assets;

• Contingencies – Litigation Reserves; and

• Equity-Based Compensation

In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting among available alternatives would not produce a materially different result. Our senior management has reviewed our critical accounting policies and related disclosures with the Audit Committee of our Board of Directors.

There have been no material changes to our critical accounting policies and estimates during the first three months of fiscal 2014.

Results of Operations

The following tables set forth certain line items in our unaudited Condensed Consolidated Statements of Operations as the amounts reported in conformity with GAAP, the period-over-period actual percentage change (Actual) and the period-over-period constant currency percentage change (Constant Currency), for the periods indicated:

	Three Months Ended August 31,						Quarterly Change Fiscal 2014 vs. 2013
(in millions, except percentages)	2013			2012			Actual			Constant Currency
Revenues:
Software license fees and subscriptions	$	105.6		$	100.8			4.8	%		4.8	%
Product updates and support fees		365.0			357.1			2.2			1.8
Software revenues		470.6			457.9			2.8			2.5
Consulting services and other fees		179.7			173.9			3.3			2.6
Total revenues		650.3			631.8			2.9			2.5
Operating expenses:
Cost of software license fees and subscriptions		17.7			17.6			0.6			0.6
Cost of product updates and support fees		62.4			62.3			0.2			—
Cost of consulting services and other fees		144.1			140.1			2.9			2.1
Sales and marketing		99.7			98.5			1.2			1.4
Research and development		89.9			82.7			8.7			7.9
General and administrative		47.3			50.1			(5.6	)		(6.0	)
Amortization of intangible assets and depreciation		63.9			73.0			(12.5	)		(13.0	)
Restructuring costs		2.2			5.5			(60.0	)		(61.8	)
Acquisition related and other costs		9.9			1.9			421.1			415.8
Total operating expenses		537.1			531.7			1.0			0.5
Income from operations		113.2			100.1			13.1			13.0
Interest expense, net		98.9			108.2			(8.6	)		(8.6	)
Loss on extinguishment of debt		0.7			—			—			—
Other (income) expense, net		(15.3	)		(4.2	)		264.3			231.0
Income (loss) before income tax		28.9			(3.9	)		NM			NM
Income tax provision (benefit)		5.8			29.4			(80.3	)%		(80.3	)%
Net income (loss)	$	23.1		$	(33.3	)		NM			NM

* NM — Percentage not meaningful

The discussion that follows relating to our results of operations for the comparable three-month periods ended August 31, 2013 and August 31, 2012, should be read in conjunction with the accompanying unaudited Condensed Consolidated Financial Statements and related Notes and with the information presented in the above table. This analysis addresses the actual changes in our results of operations for the comparable fiscal periods as presented in accordance with GAAP as well as changes excluding the impact

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of foreign currency fluctuations, as reflected in the constant currency percentages in the above table and the tables that follow. See the Foreign Currency discussion, above, for further explanation of the impact on our results of operations.

Revenues

	Three Months Ended August 31,				Quarterly Change Fiscal 2014 vs. 2013
(in millions, except percentages)	2013		2012		Actual			Constant Currency
Revenues:
Software license fees and subscriptions	$	105.6	$	100.8		4.8	%		4.8	%
Product updates and support fees		365.0		357.1		2.2			1.8
Software revenues		470.6		457.9		2.8			2.5
Consulting services and other fees		179.7		173.9		3.3			2.6
Total revenues	$	650.3	$	631.8		2.9	%		2.5	%

Total Revenues. We generate revenues from licensing software, providing product updates and support related to our licensed products and providing consulting services. We utilize written contracts as the means to establish the terms and conditions by which our products, product updates and support and consulting services are sold to our customers. As our product updates and support and consulting services are primarily attributable to our licensed products, growth in our product updates and support and consulting services is generally tied to the level of our license contracting activity.

We recognize revenues pursuant to specific and detailed guidelines applicable to the software industry. License fees revenues from end-users are generally recognized when the software product has been shipped and certain conditions are met. Revenues from customer product updates and support contracts are deferred and recognized ratably over the term of the agreements. Revenues from consulting services (including training and implementation services) are recognized as services are provided to customers. See Note 2, Summary of Significant Accounting Policies – Revenue Recognition, in our financial statements related to our fiscal year ended May 31, 2013, for a more complete description of our revenue recognition policy.

Total revenues increased by 2.5% in the first quarter of fiscal 2014 compared to the similar period of fiscal 2013, excluding the favorable foreign currency impact of 0.4%. On a constant currency basis, the increase was due to growth in each of our revenue lines with our software license fees and subscriptions up 4.8%, our product updates and support fees up 1.8%, and our consulting services and other fees revenues up 2.6% quarter-over-quarter.

Software License Fees and Subscriptions. Our software license fees and subscriptions primarily consist of fees resulting from products licensed to customers on a perpetual basis. Product license fees result from a customer’s licensing of a given software product for the first time or with a customer’s licensing of additional users for previously licensed products. Software license fees and subscriptions also include revenues related to our SaaS offerings.

Fiscal 2014 first quarter software license fees and subscriptions revenues increased by 4.8% compared to the first quarter last year, excluding an insignificant foreign currency rate impact. At constant currency, the increase was primarily due to a 4.1% increase in revenues related to higher volume of SaaS revenues. In addition, we had increased license fees revenues as a result of an increase in licensing transactions greater than $250,000 in the current quarter compared to the similar quarter last year, primarily in our Americas and APAC regions, which more than offset a decrease in the volume of licensing transactions less than $250,000.

Product Updates and Support Fees. Our product updates and support fees revenues represent the ratable recognition of fees to enroll and renew licensed products in our maintenance programs. These fees are typically charged annually and are based on the license fees initially paid by the customer. Product updates and support revenues can fluctuate based on the number and timing of new license contracts, renewal rates and price increases.

Product updates and support fees increased by 1.8%, excluding the favorable foreign currency impact of 0.4%, in the current quarter compared to the first quarter last year. At constant currency, the increase was primarily the result of revenues related to new maintenance pull-through from new license transactions and price increases offsetting customer attrition.

Consulting Services and Other Fees. Our consulting services and other fees revenues consist primarily of software-related services, including systems implementation and integration services, consulting, custom modification, hardware education, hosting services, application managed services and education and training services for customers who have licensed our products. Consulting services and other fees revenues also includes revenues related to hardware systems products.

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Consulting services and other fees increased by 2.6%, excluding the favorable foreign currency impact of 0.7% in the current quarter compared to the first quarter last year. At constant currency, the increase was primarily due to increased consultant utilization in our EMEA region as well as the contribution of revenues in the current quarter from companies we acquired in fiscal 2013, with no corresponding amount in the comparable prior period.

Deferred Revenue. Certain of our revenues are deferred when all conditions of revenue recognition have not been met. Deferred revenue represents revenue that is to be recognized in future periods when such conditions have been satisfied related to certain license agreements, maintenance contracts and certain consulting arrangements, as discussed above. We had total deferred revenues of $850.9 million at August 31, 2013, compared to $949.0 million at May 31, 2013.

The following table sets forth the components of deferred revenue:

	August 31,		May 31,
(in millions)	2013		2013
Software license fees and subscriptions	$	39.8	$	40.0
Product updates and support fees		742.7		837.4
Consulting services and other fees		68.4		71.6
Total deferred revenue		850.9		949.0
Less: current portion		832.8		927.7
Deferred revenue - non-current	$	18.1	$	21.3

In general, changes in the balance of our deferred revenue are cyclical and primarily driven by the timing of our maintenance services renewal cycles. Our renewal dates primarily occur in the third and fourth quarters of our fiscal year with revenues being recognized ratably over the applicable service periods.

Operating Expenses

	Three Months Ended August 31,				Quarterly Change Fiscal 2014 vs. 2013
(in millions, except percentages)	2013		2012		Actual			Constant Currency
Operating expenses:
Cost of software license fees and subscriptions	$	17.7	$	17.6		0.6	%		0.6	%
Cost of product updates and support fees		62.4		62.3		0.2			—
Cost of consulting services and other fees		144.1		140.1		2.9			2.1
Sales and marketing		99.7		98.5		1.2			1.4
Research and development		89.9		82.7		8.7			7.9
General and administrative		47.3		50.1		(5.6	)		(6.0	)
Amortization of intangible assets and depreciation		63.9		73.0		(12.5	)		(13.0	)
Restructuring costs		2.2		5.5		(60.0	)		(61.8	)
Acquisition related and other costs		9.9		1.9		421.1			415.8
Total operating expenses	$	537.1	$	531.7		1.0	%		0.5	%

Cost of Software License Fees and Subscriptions. Cost of software license fees and subscriptions includes royalties to third-parties, channel partner commissions and other software delivery expenses. Our software solutions may include embedded components of third-party vendors for which a fee is paid to the vendor upon the sale of our products. In addition, we resell third-party products in conjunction with the license of our software solutions, which also results in a fee. We also resell our software solutions through our third-party channel relationships which require us to pay applicable commissions to our channel partners. The cost of software license fees and subscriptions is generally higher, as a percentage of revenues, when we resell products of third-party vendors. As a result, software license fees and subscriptions gross margins will vary depending on the proportion of third-party product sales in our revenue mix. In addition, cost of software license fees and subscriptions reflects costs related to our SaaS offerings, which include hosting, data center, support, infrastructure and other related costs.

Cost of software license fees and subscriptions increased by 0.6%, excluding an insignificant foreign currency rate impact, in the current quarter compared to the first quarter of fiscal 2013. At constant currency, this increase was primarily related to higher SaaS costs in-line with our higher SaaS revenues in the quarter, which more than offset lower third-party costs.

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Cost of Product Updates and Support Fees. Cost of product updates and support fees includes salaries, employee benefits, related travel, third-party maintenance costs associated with embedded and non-embedded third-party products, related channel partner commissions, and the overhead costs of providing our customers product updates and support.

Cost of product updates and support fees were flat in the current quarter compared to the corresponding prior period, excluding the unfavorable foreign currency impact of 0.2%. At constant currency, increased employee-related support costs in the quarter offset decreased third-party costs.

Cost of Consulting Services and Other Fees. Cost of consulting services and other fees includes salaries, employee benefits, third-party consulting costs, related travel, and the overhead costs of providing our customers systems implementation and integration services, consulting, custom modification, hardware education, hosting services, application managed services and education and training services. Cost of consulting services and other fees also includes costs associated with our hardware business.

Cost of consulting services and other fees increased by 2.1%, excluding the unfavorable foreign currency impact of 0.8%, in the current quarter compared to the corresponding prior period. At constant currency, this increase was primarily due to an increase in employee-related costs including increased incentive compensation somewhat offset by decreased travel costs.

Sales and Marketing. Sales and marketing expenses consist primarily of salaries, commissions, employee benefits, travel, trade show activities, advertising and branding costs and overhead costs related to our sales and marketing personnel.

Sales and marketing expenses increased by 1.4%, excluding the favorable foreign currency impact of 0.2%, in the current quarter compared to the corresponding prior period. On a constant currency basis, sales and marketing expenses increased as a result of net employee-related sales costs including an increase in commission costs in-line with higher licensing activity in the current quarter offset by a decrease in travel costs.

Research and Development. Research and development expenses consist primarily of personnel related expenditures.

Research and development expense increased by 7.9%, excluding the unfavorable foreign currency impact of 0.8%, in the current quarter compared to the first quarter last year. On a constant currency basis, research and development expenses increased primarily as a result of higher employee-related costs due to a net increase of 267, or 7.9%, in our developer headcount in the first quarter of fiscal 2014 as compared to the first quarter last year as we continue to make significant investments in our development capacity in fiscal 2014. In addition, overhead allocations increased based on the higher headcount.

General and Administrative. General and administrative expenses consist primarily of personnel related expenditures for information technology, finance, legal and human resources support functions.

General and administrative expenses decreased by 6.0%, excluding the unfavorable foreign currency impact of 0.4%, in the current quarter compared to the corresponding quarter last year. On a constant currency basis, this decrease was primarily related to lower employee-related costs as a result of a net decrease of 48, or 3.2%, in our administrative functions’ headcount in the first quarter of fiscal 2014 as compared to the similar period last year primarily due to our restructuring activities in fiscal 2013. The decrease in employee-related administrative costs included a decrease in incentive compensation and travel costs.

Amortization of Intangible Assets and Depreciation. Amortization of intangibles assets primarily relates to the on-going amortization of intangible assets acquired in acquisitions. Depreciation expense relates primarily to our computer equipment and purchased software, furniture and fixtures as well as amortization of leasehold improvements.

Amortization of intangibles assets and depreciation decreased by 13.0%, excluding the unfavorable impact of foreign currency of 0.5%, in the current quarter compared to the first quarter last year. This decrease was primarily the result of certain acquisition-related intangible assets being fully amortized in fiscal 2013 with no corresponding expense recorded in the first quarter of fiscal 2014.

Restructuring. We have recorded restructuring charges related to our acquisitions and in the ordinary course of business to eliminate redundancies, improve our operational efficiency and reduce our operating costs. These cost reduction measures included workforce reductions relating to restructuring our workforce, the exiting of certain leased facilities and the consolidation of space in certain other facilities. These restructuring charges represent severance associated with redundant positions and costs related to redundant office locations. See Note 10, Restructuring Charges.

We recorded restructuring charges of approximately $2.2 million and $5.5 million in the first quarter of fiscal 2014 and in the first quarter last year, respectively, related to our various restructuring actions.

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The fiscal 2014 restructuring charges were for employee severance costs related to first quarter actions taken primarily in our sales and professional services organization.

The restructuring charges recorded in fiscal 2013, were primarily for employee severance costs related to actions taken in connection with the combination of certain of our operations including GGC Holdings and Infor Global Solutions.

Acquisition Related and Other Costs. Acquisition related and other costs include transaction and integration costs related to our acquisitions primarily professional services fees and certain employee costs related to transitional and certain other employees. Acquisition related and other costs also include certain costs incurred in financing our acquisitions, reorganizing our operations and other debt financing activities.

First quarter fiscal 2014 acquisition related and other costs of $9.9 million increased by approximately $8.0 million compared to $1.9 million in the first quarter last year.

For the three months ended August 31, 2013, acquisition related and other costs included costs related primarily to our first quarter refinancing activities. For the comparable period ended August 31, 2012, costs were primarily related to our acquisition and reorganization financing activities, acquisition transaction costs and integration costs related to the combination of Infor’s operating entities.

Non-Operating Income and Expenses

	Three Months Ended August 31,						Quarterly Change Fiscal 2014 vs. 2013
(in millions, except percentages)	2013			2012			Actual			Constant Currency
Interest expense, net	$	98.9		$	108.2			(8.6	)%		(8.6	)%
Loss on extinguishment of debt		0.7			—			—			—
Other (income) expense, net		(15.3	)		(4.2	)		264.3			231.0
Total non-operating expenses	$	84.3		$	104.0			(18.9	)%		(17.6	)%

Interest Expense, Net. Interest expense, net consists of the interest expense related to our debt less the interest income on cash and marketable securities.

Interest expense, net decreased by $9.3 million, or 8.6% to $98.9 million in the current quarter compared to $108.2 million in the corresponding prior period. The decrease in interest expense was primarily due to a decrease in outstanding debt balances and lower interest rates as a result of the refinancing of our Tranche B Term Loan at favorable interest rates in the second quarter of fiscal 2013 and the refinancing of our Tranche B-1 Term Loan and our Euro Term Loan in the first quarter of fiscal 2014. See Liquidity and Capital Resources – Long-Term Debt, below. As a result of these refinancing transactions, our interest expense decreased by approximately $11.3 million quarter-over-quarter. This decrease was somewhat offset by an increase in amortization of deferred financing fees of $1.1 million primarily due to the capitalization of additional fees related to the refinancing transactions and an increase of $0.6 million in amortization of debt discounts.

Loss on Extinguishment of Debt. The $0.7 million loss on extinguishment of debt recorded in the three-months ended August 31, 2013, represented the net book value of deferred financing fees written off and other costs incurred in connection with our refinancing transactions during the first quarter for those lenders treated as an extinguishment rather than a modification of debt. We did not record any loss on extinguishment of debt in the corresponding period last year.

Other (Income) Expense, Net. Other (income) expense, net consists of the effects of foreign currency fluctuations, gain/loss on the sale of fixed assets, and other costs.

Other (income) expense, net was net income of $15.3 million in the current quarter compared to $4.2 million net income in the corresponding prior period. The change in other (income) expense, net was primarily due to fluctuations in foreign currency exchange rates.

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Income Tax Provision

	Three Months Ended August 31,						Quarterly Change Fiscal 2014 vs. 2013
(in millions, except percentages)	2013			2012			Actual			Constant Currency
Income tax provision	$	5.8		$	29.4			(80.3	)%		(80.3	)%
Effective income tax rate		20.1	%		(753.8	)%

Our quarterly income tax expense or benefit is measured using an estimated annual effective tax rate for the period. We estimate our annual effective tax rate on a quarterly basis and make any necessary changes to adjust the rate for the applicable year-to-date period based upon the annual estimate. The estimated annual tax rate may fluctuate due to changes in forecasted annual operating income, acquisitions, changes in the jurisdictional mix of the forecasted annual operating income, positive or negative changes to the valuation allowance for net deferred tax assets, changes to actual or forecasted permanent book to tax differences, impacts from future tax settlements with state, federal or foreign tax authorities or impacts from enacted tax law changes. We identify items which are unusual and nonrecurring in nature and treat these as discrete events. The tax effect of discrete items is recorded entirely in the quarter in which the discrete event occurs.

The change in the effective tax rates for the three-month period ended August 31, 2013, compared to the similar period last year was primarily due to the change in earnings levels, a shift in the jurisdictional mix of operating income in the respective periods, , the Company’s current year interest expense no longer being subject to the limitations under IRC Section 163(j), a decrease in Subpart F inclusions, the tax benefit created in the current year by the Netherlands Innovation Box, changes in various withholding tax, the change in recorded liabilities for unrecognized tax benefits related to uncertain tax positions in various jurisdictions, the change of the valuation allowance for various foreign deferred tax assets, foreign subsidiary net operating losses not providing benefits, and tax law changes in Australia, Denmark and the United Kingdom. The items accounting for the difference between income taxes computed at the statutory rate and the expense from income taxes primarily relate to the establishment of a valuation allowance for nondeductible interest under IRC Section 163(j), Subpart F inclusions, the tax benefit created by the Netherlands Innovation Box, foreign withholding taxes, differences in foreign statutory rates, state income taxes and unrecognized tax benefits.

Following the Infor combination transaction that occurred on April 5, 2012, we completed several organizational restructuring actions and we continue to evaluate various other tax structuring alternatives to rationalize various legal entities and reduce our overall global tax liability. While we have not finalized additional specific plans at this time, we expect to finalize such plans during the second and third quarter of fiscal 2014. At that time, we expect to further evaluate the impact of any restructuring actions on the realizability of available deferred tax assets in the various jurisdictions in which we operate.

Non-GAAP Financial Measure Reconciliations

We believe our presentation of non-GAAP revenues, operating income and operating margin provides meaningful insight into our operating performance and an alternative perspective of our results of operations. We use these non-GAAP measures to assess our operating performance, to develop budgets, to serve as a measurement for incentive compensation awards and to manage expenditures. Presentation of these non-GAAP measures allows users to review our results of operations from the same perspective as management and our Board of Directors. We believe these non-GAAP financial measures provide users an enhanced understanding of our operations, facilitate analysis and comparisons of our current and past results of operations, facilitate comparisons of our operating results with those of our competitors and provide insight into the prospects of our future performance. We also believe that the non-GAAP measures are useful to users because they provide supplemental information that research analysts frequently use to analyze software companies including those that have recently made significant acquisitions. Additionally, certain non-GAAP disclosures are required and/or permitted by our lenders in our reporting to them.

The method we use to produce non-GAAP results is not in accordance with GAAP and may differ from the methods used by other companies. These non-GAAP results should not be regarded as a substitute for corresponding GAAP measures but instead should be utilized as a supplemental measure of operating performance in evaluating our business. Non-GAAP measures do have limitations in that they do not reflect certain items that may have a material impact upon our reported financial results. As such, these non-GAAP measures should be viewed in conjunction with both our financial statements prepared in accordance with GAAP and the reconciliation of the supplemental non-GAAP financial measures to the comparable GAAP results provided for each period presented below.

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Non-GAAP Revenues

	Three Months Ended				Quarterly Change
	August 31,				Fiscal 2014 vs. 2013
(in millions, except percentages)	2013		2012		Actual			Constant Currency
GAAP revenues	$	650.3	$	631.8		2.9	%		2.5	%
Non-GAAP revenue adjustments:
Purchase accounting impact on software license fees and subscriptions		1.3		4.8
Purchase accounting impact on product updates and support fees		0.5		0.6
Purchase accounting impact on consulting services and other fees		0.7		1.4
Total non-GAAP revenue adjustments		2.5		6.8
Non-GAAP revenues	$	652.8	$	638.6		2.2	%		1.8	%

Non-GAAP Income from Operations

	Three Months Ended						Quarterly Change
	August 31,						Fiscal 2014 vs. 2013
(in millions, except percentages)	2013			2012			Actual			Constant Currency
GAAP income from operations	$	113.2		$	100.1			13.1	%		13.0	%
GAAP operating margin		17.4	%		15.8	%
Non-GAAP revenue adjustments		2.5			6.8
Non-GAAP costs and operating expense adjustments:
Purchase accounting impact on deferred costs		(0.2	)		(0.4	)
Amortization		57.3			66.1
Equity-based compensation		2.6			1.3
Acquisition related and other costs		9.9			1.9
Restructuring costs		2.2			5.5
Total non-GAAP costs and operating expense adjustments		71.8			74.4
Non-GAAP income from operations	$	187.5		$	181.3			3.4	%		3.0	%
Non-GAAP operating margin		28.7	%		28.4	%

The non-GAAP adjustments we make to our reported GAAP results are primarily related to purchase accounting and other acquisition matters, significant non-cash accounting charges and restructuring charges. Our primary non-GAAP reconciling items are as follows:

Purchase Accounting Impact on Revenue. Our non-GAAP financial results include pro forma adjustments to increase software license fees and subscriptions, product updates and support fees, and consulting services and other fees that we would have recognized if we had not adjusted acquired deferred revenues to their fair values as required by GAAP. Certain deferred revenue for software license fees and subscriptions, product updates and support fees, and consulting services and other fees on the acquired entity’s balance sheet, at the time of the acquisition, were eliminated from our GAAP results as part of the purchase accounting for the acquisition as they do not reflect the fair value of performance obligations to us. As a result, our GAAP results do not, in management’s view, reflect all of our software license fees and subscriptions, product updates and support fees, and consulting services and other fees. We believe the inclusion of the pro forma revenue adjustment provides users a helpful alternative view of our operations.

Amortization of Intangibles. We have excluded amortization of acquisition-related intangible assets including purchased technology and customer relationships from our non-GAAP results. The fair value of the intangible assets, which was allocated to these assets through purchase accounting, is amortized using accelerated or straight-line methods which approximate the proportion of future cash flows estimated to be generated each period over the estimated useful lives of the applicable assets. While these non-cash amortization charges are recurring in nature and the underlying assets benefit our operations, this amortization expense can fluctuate

43

significantly based on the nature, timing and size of our past acquisitions and may be affected by future acquisitions. This makes comparisons of our current and historic operating performance difficult. Therefore, we exclude such expenses when analyzing the results of our operations including those of acquired entities. We believe that the exclusion of the amortization expense of acquired intangible assets provides users helpful information facilitating comparison of our results period-over-period and with other companies in the software industry as they each have their own acquisition histories and related non-GAAP adjustments.

Equity-Based Compensation. Expenses related to equity-based compensation have been excluded from our non-GAAP results of operations. These charges consist of the estimated fair value of equity-based awards. While the charges for equity-based compensation are of a recurring nature, as we grant equity-based awards to attract and retain quality employees and as an incentive to help achieve financial and other corporate goals, we exclude them from our results of operations in assessing our operating performance. These charges are typically non-cash and are often the result of complex calculations using an option pricing model that estimates equity-based awards’ fair value based on factors such as volatility and risk-free interest rates that are beyond our control. As such, we do not include such charges in our operating plans that we use to manage our business. In addition, we believe the exclusion of these charges facilitates comparisons of our operating results with those of our competitors who may have different policies regarding the use of equity-based awards.

Acquisition Related and Other Costs. We have incurred various transaction and integration costs related to our acquisitions as well as costs associated with our debt financing. The costs of acquiring and integrating the operations of acquired businesses as well as costs associated with our debt financing are incremental to our historical costs and are charged to our GAAP results of operations in the periods incurred. We do not consider these costs in our assessment of our operating performance. While these costs are not recurring with respect to our past acquisitions and debt activities, we may incur similar costs in the future if we pursue other acquisitions and debt activities. These costs are primarily reflected in acquisition related and other costs in our Consolidated Statements of Operations. Included in these costs are certain costs incurred in financing our acquisitions, reorganizing our operations and other debt financing activities. We believe that the exclusion of the non-recurring acquisition related and other costs provides users a useful alternative view of our results of operations and facilitates comparisons of our results period-over-period.

Restructuring. We have recorded various restructuring charges related to actions taken to reduce our cost structure to enhance operating effectiveness, improve profitability and to eliminate certain redundancies in connection with acquisitions. These restructuring activities impacted different functional areas of our operations in different locations and were undertaken to meet specific business objectives in light of the facts and circumstances at the time of each restructuring event. These charges include costs related to severance and other termination benefits as well as costs to exit leased facilities. These restructuring charges are excluded from management’s assessment of our operating performance. We believe that the exclusion of the restructuring charges provides users an alternative view of the cost structure of our operations and facilitates comparisons with the results of other periods that may not reflect such charges or may reflect different levels of such charges.

Liquidity and Capital Resources

(in millions, except percentages)	Three Months Ended August 31,
Cash Flows	2013			2012			Change
Cash provided by (used in):
Operating activities	$	77.5		$	26.2			195.8	%
Investing activities		(10.3	)		(49.5	)		(79.2	)
Financing activities		(8.3	)		(25.7	)		(67.7	)
Effect of exchange rate changes on cash and cash equivalents		0.2			6.2			(96.8	)%
Net change in cash and cash equivalents	$	59.1		$	(42.8	)		NM

* NM - Percentage not meaningful

(in millions, except percentages)	August 31,			May 31,
Capital Resources	2013			2013			Change
Working capital deficit	$	(303.6	)	$	(432.1	)		(29.7	)%
Cash and cash equivalents	$	481.0		$	421.9			14.0	%

Our most significant source of operating cash flows is cash collections from our customers following the purchase and renewal of their subscriptions for licensed software updates (maintenance) and product support agreements. Payments from customers for these maintenance and support agreements are generally received near the beginning of the contracts’ terms, which are generally one year in length. We also generate significant cash from new software license sales and, to a lesser extent, consulting and other services. Our primary uses of cash from operating activities are for personnel-related expenditures. We also make cash payments

44

related to taxes and leased facilities. We are highly leveraged and our liquidity requirements are significant, primarily due to debt service requirements.

As part of our business strategy, we may use cash to acquire additional companies or products from time-to-time to enhance our product lines, which could have a material effect on our capital resources.

In the fiscal 2013, we completed five acquisitions for an aggregate purchase price of $119.7 million, net of cash. These acquisitions were not significant, either individually or in the aggregate. We did not complete any acquisitions in the first quarter of fiscal 2014. See Note 3, Acquisitions.

As of each of our reported balance sheet dates, we have reported a deficit in working capital. This deficit in working capital represents an excess of our current liabilities over our current assets and is primarily the result of the significant balance of deferred revenue, reported as a current liability, at each balance sheet date. Our deferred revenues represent the excess of our collections from, or our billings due from our customers, for which the related revenues have not yet met all the criteria necessary to be recognized as earned in our Condensed Consolidated Statements of Operations. See Note 2, Summary of Significant Accounting Policies – Revenue Recognition, in our Annual Report on Form 10-K that we filed with the SEC on August 2, 2013, for a further description of those criteria.

We believe that cash flows from operations, together with our cash and cash equivalents and borrowing capacity under our revolving credit facility, will be sufficient to meet our cash requirements for working capital, capital expenditures, restructuring activities, and investments for the remainder of fiscal 2014 and for the foreseeable future. At some point in the future we may require additional funds for either operating or strategic purposes and may seek to raise the additional funds through public or private debt or equity financing. If we ever need to seek additional financing, there is no assurance that this additional financing will be available, or if available, will be on reasonable terms. If our liquidity and capital resources are insufficient to meet our requirements or fund our debt service obligations, we could face substantial liquidity problems and may not be able to generate sufficient cash to service all our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.

Cash Flows from Operating Activities

Net cash provided by operating activities for the three-month period ended August 31, 2013, was $77.5 million. Our net income plus non-cash items provided $80.2 million in cash due to strong cash flows from operations while changes in operating assets and liabilities used cash of $2.7 million. The uses of cash were primarily from a $99.7 million decrease in deferred revenue, largely due to the timing of maintenance renewals, as a significant portion of our U.S. maintenance renews on May 31. This use of cash was almost entirely offset by an $83.9 million decrease in accounts receivable, net, $7.9 million related to our income tax receivable/payable and a $6.4 million decrease in prepaid expenses and other assets.

Net cash provided by operating activities for the three-month period ended August 31, 2012, was $26.2 million. Net loss from operations plus non-cash items provided $55.9 million in cash. Changes in operating assets and liabilities used cash of $29.7 million, primarily from a $56.6 million decrease in accounts payable, accrued expenses and other liabilities, predominantly related to a reduction in accrued incentive compensation, due to a payment of fiscal year end incentives. Another significant use of cash was a $52.7 million decrease in deferred revenue, primarily due to the timing of maintenance renewals. A significant portion of our U.S. maintenance renews on May 31. These uses of cash were partially offset by a $54.7 million decrease in accounts receivable, net and $21.6 million related to our income tax receivable/payable.

Cash Flows from Investing Activities

Net cash used in investing activities was $10.3 million in the three-month period ended August 31, 2013. The primary use of cash was $8.4 million used to purchase property, equipment and software.

Net cash used in investing activities was $49.5 million in the three-month period ended August 31, 2012. The primary use of cash was $39.6 million net cash used for our acquisitions.

Cash Flows from Financing Activities

Net cash used in financing activities was $8.3 million in the three-month period ended August 31, 2013. The primary uses of cash were $933.5 million in debt repayments, $11.9 million that we capitalized as deferred financing fees relating to the refinancing of our Tranche B-1Term Loan and Euro Term Loan. These uses of cash were mostly offset by $937.7 million from the issuance of debt related to our first quarter debt refinancing.

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Net cash used in financing activities was $25.7 million in the three-month period ended August 31, 2012. The primary use of cash was $22.7 million in debt repayments.

Effect of Exchange Rate Changes

For the three months ended August 31, 2013, changes in foreign currency exchange rates resulted in a $0.2 million increase in our cash and cash equivalents. Exchange rate changes increased our cash and cash equivalents by $6.2 million during the three months ended August 31, 2012.

Working Capital Deficit

Our working capital deficit, defined as current assets less current liabilities, was $303.6 million at August 31, 2013, compared to $432.1 million at May 31, 2013. At August 31, 2013, our cash increased by $59.1 million compared to the balance at May 31, 2013. Generally, increases in current assets are considered to be uses of cash and increases in current liabilities are considered to be sources of cash. During the first three months of fiscal 2014, the most significant changes in our current assets, other than cash, included a decrease in our accounts receivable, net, of $86.4 million. During the first three months of fiscal 2014 the most significant change in our current liabilities included a decrease in deferred revenue of $94.9 million as a portion of amounts collected in advance from customers have been earned as revenue, primarily due to the timing of maintenance and support subscription renewals. The current portion of long-term obligations changed significantly, which decreased by $68.9 million due to the current quarter refinancing of our debt.

Cash and Cash Equivalents

As of August 31, 2013, we had $481.0 million in cash and cash equivalents including amounts in operating accounts, money market investments and other short-term, highly liquid investments with initial maturities of three months or less. As of August 31, 2013, $117.8 million of our unrestricted cash and cash equivalents are held in the U.S. The remaining $363.2 million of our unrestricted cash and cash equivalents are held in foreign countries. Under current tax laws and regulations, if cash and cash equivalents and short-term investments held outside the U.S. are distributed to the U.S. in the form of dividends or otherwise, we may be subject to additional U.S. income taxes (subject to an adjustment for foreign tax credits) and foreign withholding taxes.

Long-Term Debt

The following table summarizes our long-term debt balances for the periods indicated:

	August 31, 2013						May 31, 2013
(in millions)	Amount			Effective Rate			Amount			Effective Rate
Infor first lien Term B-1 due October 5, 2016	$	—			—	%	$	340.0			5.750	%
Infor first lien Term B-2 due April 5, 2018		2,512.8			5.250	%		2,779.1			5.250	%
Infor first lien Term B-3 due June 3, 2020		479.8			3.750	%		—			—	%
Infor first lien Euro Term due April 5, 2018		—			—	%		321.7			6.750	%
Infor first lien Euro Term B due June 3, 2020		460.1			4.000	%		—			—	%
Infor 9.375% senior notes due April 1, 2019		1,015.0			9.375	%		1,015.0			9.375	%
Infor 10.0% senior notes due April 1, 2019		330.5			10.000	%		324.9			10.000	%
Infor 11.5% senior notes due July 15, 2018		560.0			11.500	%		560.0			11.500	%
Debt discounts		(15.9	)					(16.6	)
Total long-term debt		5,342.3						5,324.1
Less: current portion		22.3						91.2
Total long-term debt - non-current	$	5,320.0					$	5,232.9

As of August 31, 2013, we were in compliance with all applicable covenants included in the terms of our credit facilities and the indentures that govern our senior notes.

Credit Facilities

On April 5, 2012, we entered into a secured credit agreement with Infor (US), Inc. as borrower and a syndicate of certain banks and other financial institutions as lenders and which consists of a secured term loan facility and a secured revolving credit facility (the Credit Agreement) which was subsequently amended pursuant to the First Amendment to the Credit Agreement and the

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Second Amendment to the Credit Agreement, each as described below.

The secured revolving credit facility (the Revolver) has a maximum availability of $150.0 million. We have made no draws against the Revolver and no amounts are currently outstanding. However, $23.1 million of letters of credit have reduced the amount available under the Revolver to $126.9 million. Pursuant to the Credit Agreement there is an undrawn line fee of 0.50% and the Revolver matures on March 31, 2017. Amounts under the Revolver may be borrowed to finance working capital needs and for general corporate purposes.

Interest on the term loans borrowed under the secured term loan facility (the Term Loans) is payable quarterly, in arrears. Quarterly principal payment amounts are set for each of the Term Loans with balloon payments at the applicable maturity dates. The Term Loans are subject to mandatory prepayments in the case of certain situations.

The credit facilities are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries, and are secured by liens on substantially all of the borrower’s assets and the assets of the guarantors. Prior to the Second Amendment described below, under the Credit Agreement we were required to maintain a total leverage ratio not to exceed certain levels as of the last day of each fiscal quarter. However, pursuant to the Second Amendment, this financial maintenance covenant is applicable only for the Revolver and then only for those fiscal quarters in which we have significant borrowings under the Revolver outstanding as of the last day of such fiscal quarter. We are subject to certain other customary affirmative and negative covenants as well.

Refinancing Amendments

On June 3, 2013, we entered into the Second Amendment to the Credit Agreement (as amended). The Second Amendment provided for the refinancing of the then outstanding principal balance of our Tranche B-1 Term Loan and our Euro Term Loan with the proceeds of a new $483.0 million term loan (the Tranche B-3 Term Loan) and a new €350.0 million term loan (the Euro Tranche B Term Loan). Interest on the Tranche B-3 Term Loan is based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, with an Adjusted LIBOR floor of 1.0%, or an alternate base rate, plus a margin of 1.75% per annum, with a minimum alternative base rate floor of 2.0%. The Tranche B-3 Term Loan matures on June 3, 2020, which is an extension of approximately three and a half years compared to the original Tranche B-1 Term Loan maturity date. Interest on the Euro Tranche B Term Loan is based on a fluctuating rate of interest determined by reference to an Adjusted LIBOR rate, plus a margin of 3.0% per annum, with an Adjusted LIBOR floor of 1.0%. The Euro Tranche B Term Loan matures on June 3, 2020, which is an extension of approximately two years compared to the original Euro Term Loan maturity date. Pursuant to the terms of the Credit Agreement, the Tranche B-3 Term Loan and Euro Tranche B Term Loan are guaranteed by the same guarantors, and are secured by liens on substantially all of the borrower’s assets and the assets the guarantors. The Second Amendment also amended the Credit Agreement to, among other things, limit the applicability of the financial maintenance covenant (maximum total leverage ratio) to the Revolver and then only for those fiscal quarters in which we have significant borrowings under our Revolver outstanding as of the last day of such fiscal quarter.

Proceeds from the Tranche B-3 Term Loan and Euro Tranche B Term Loan were used to refinance the outstanding principal of our Tranche B-1 Term Loan and our Euro Term Loan, together with accrued and unpaid interest and applicable fees. In addition, certain of the proceeds were used to repay a portion of the outstanding balance of our Tranche B-2 Term Loan.

On September 27, 2012, we entered into the First Amendment to the Credit Agreement. The First Amendment provided for the refinancing of the then outstanding principal balance of our Tranche B Term Loan of $2,763.0 million with the proceeds of a new $2,793.1 million term loan (the Tranche B-2 Term Loan). Interest on the Tranche B-2 Term Loan is based on a fluctuating rate of interest determined by reference to, at our option, an Adjusted LIBOR rate, plus a margin of 4.0% per annum, with an Adjusted LIBOR floor of 1.25%, or an alternate base rate, plus a margin of 3.0% per annum. This was a reduction in our effective rate related to this term loan as compared to the Tranche B Term Loan which was based on an Adjusted LIBOR rate plus a margin of 5.0% per annum. The Tranche B-2 Term Loan matures on April 5, 2018, which is the same as the original Tranche B Term Loan maturity date. Pursuant to the terms of the Credit Agreement, the Tranche B-2 Term Loan is guaranteed by the same guarantors, and is secured by liens on substantially all of the borrower’s assets and the assets of the guarantors.

Proceeds from the Tranche B-2 Term Loan were used to refinance the outstanding principal of our Tranche B Term Loan, together with accrued and unpaid interest and applicable fees, including a prepayment premium of 1.0% of the principal amount thereof, in accordance with the terms of the Credit Agreement.

Senior Notes

Our senior notes bear interest at the applicable rates per annum which is payable semi-annually in cash in arrears. The senior notes are general unsecured obligations of Infor (US), Inc. and are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries. Under the indentures governing the senior notes, we are subject to certain customary affirmative and negative covenants.

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Restricted Cash

We had approximately $8.7 million of restricted cash as of August 31, 2013, which has been reflected in other assets on our Condensed Consolidated Balance Sheets. The restricted cash balance relates primarily to various collateral arrangements related to our property leases worldwide.

Disclosures about Contractual Obligations and Commercial Commitments

As disclosed in our Annual Report on Form 10-K for our fiscal year ended May 31, 2013, our total contractual obligations at May 31, 2013, were $7,460.8 million not including an estimated liability for uncertain tax positions as we are unable to reasonably estimate when these amounts will ultimately be settled. There were no material additions or changes to our contractual obligations outside the ordinary course of business during the three months ended August 31, 2013. At August 31, 2013, we had recorded a liability for uncertain tax positions of $184.5 million. Over the next 12 months, we expect a net reduction of approximately $17.6 million of unrecognized tax benefits, primarily due to the expiration of the statutory limitation periods in the various jurisdictions. See Note 12, Income Taxes.

Off-Balance-Sheet Arrangements

We do not have any off-balance-sheet arrangements, as defined in Item 303(a)(4)(ii) of SEC Regulation S-K that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Foreign Currency

A significant portion of our business is conducted in currencies other than the U.S. Dollar, the currency in which our financial statements are stated. Significant changes in these currencies, especially the Euro and British Pound, relative to the U.S. Dollar could materially impact our revenue, operating results and financial position. We currently do not pursue hedging strategies to mitigate foreign currency exposure.

Recent Accounting Pronouncements

See Note 2, Summary of Significant Accounting Policies, for information regarding recently issued accounting pronouncements that may impact our financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Foreign Currency

A significant portion of our business is conducted in currencies other than the U.S. Dollar, the currency in which our financial statements are stated. Accordingly, we face exposure to adverse movements in foreign currency exchange rates relative to the U.S. Dollar which could materially impact our revenue, operating results and financial position. Our international operations are, for the most part, naturally hedged against exchange rate fluctuations since the majority of revenues and expenses of each foreign affiliate are denominated in the same currency. Therefore, we do not engage in formal hedging activities, but we do periodically review the potential impact of this risk to ensure that the risks of significant potential losses remain minimal. Certain transaction gains and losses are generated from inter-company balances that are not considered to be long-term in nature that will be settled between subsidiaries. We also recognize transaction gains and losses from revaluing debt denominated in Euros and held by subsidiaries whose functional currency is the U.S. Dollar.

Our international revenues and expenses are denominated in foreign currencies, principally the Euro and British Pound. The functional currency of each of our foreign subsidiaries is the local currency. International revenues represented 48.9% and 50.8% of our total revenues for the first three months of fiscal 2014 and 2013, respectively. International cost of revenues and operating expenses accounted for 47.9% and 49.5% of our total cost of revenues and operating expenses for the first three months of fiscal 2014 and 2013, respectively.

As of August 31, 2013, and May 31, 2013, a 10% adverse change in foreign exchange rates versus the U.S. Dollar would have decreased our aggregate reported cash and cash equivalents by approximately 6.1% and 7.3%, respectively. A 10% adverse change in the Euro exchange rate versus the U.S. Dollar would have decreased our aggregate reported cash and cash equivalents by approximately 2.8% and 4.0% as of August 31, 2013, and May 31, 2013, respectively. A 10% adverse change in the British Pound

48

exchange rate versus the U.S. Dollar would have decreased our aggregate reported cash and cash equivalents by approximately 1.0% and 0.5% as of August 31, 2013, and May 31, 2013, respectively.

Interest Rates

We face exposure to changes in interest rates primarily relating to our long-term debt. As of August 31, 2013, and May 31, 2013, we had $5.3 billion and $5.3 billion, respectively, outstanding under our debt agreements. Pursuant to the terms of certain of the debt agreements we have in place at August 31, 2013, interest expense is calculated using the LIBOR or the EURIBOR rates, depending on the debt agreement. In addition, certain of our debt agreements have a LIBOR or EURIBOR floors of 1.00%, 1.25% or 2.25%. On August 31, 2013, the three-month LIBOR and EURIBOR rates were 0.26% and 0.22%, respectively. Accordingly, we used the LIBOR/EURIBOR floors, as applicable. An increase in applicable interest rates of 50 basis points over the August 31, 2013, rates would not increase our total monthly interest expense as the LIBOR and EURIBOR floors related to our debt would not be impacted by such a change.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We have established and maintained disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure. As required by Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended, we conducted an evaluation under the supervision and with the participation of management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of August 31, 2013.

All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation and may not prevent or detect misstatements. In addition, projections of any evaluation of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) of the Securities Exchange Act) during the quarter ended August 31, 2013, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

See Note 14, Commitments and Contingencies — Legal, for information regarding certain legal proceedings in which we are involved.

ITEM 1A. RISK FACTORS

A detailed discussion of our risk factors can be found in our Annual Report on Form 10-K, filed with the SEC on August 2, 2013, in Part I, Item 1A, Risk Factors. There have been no material changes to our risk factors since the filing of the Annual Report on Form 10-K. These risk factors could materially harm our business, operating results and financial condition. Additional factors and uncertainties not currently known to us or that we currently consider immaterial could also harm our business, operating results and financial condition.

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ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

(a) Not applicable

(b) Not applicable

(c) Not applicable

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

See Index to Exhibits on page 52 of this report.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 8, 2013

INFOR, INC.
By:	/s/ JAY HOPKINS
	Jay Hopkins
	Interim Chief Financial Officer,
	Senior Vice President and Controller
	(principal financial officer)

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Exhibit Index

Exhibit Number	Description of Documents
31.1	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act – Charles E. Phillips, Jr.
31.2	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act - Jay Hopkins
32.1	Certification Pursuant to Section 906 of the Sarbanes-Oxley Act - Charles E. Phillips, Jr.
32.2	Certification Pursuant to Section 906 of the Sarbanes-Oxley Act - Jay Hopkins
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase.
101.DEF	XBRL Taxonomy Definition Linkbase.
101.LAB	XBRL Taxonomy Extension Label Linkbase.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase.

Interactive Data Files pursuant to Rule 405 of Regulation S-T. The following unaudited financial statements from Infor, Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended August 31, 2013 formatted in eXtensible Business Reporting Language (XBRL) - furnished not filed herewith:

i. Condensed Consolidated Balance Sheets at August 31, 2013 and May 31, 2013,

ii. Condensed Consolidated Statements of Operations for the three months ended August 31, 2013 and 2012,

iii. Condensed Consolidated Statements of Comprehensive Income (Loss) for the three months ended August 31, 2013 and 2012,

iv. Condensed Consolidated Statements of Cash Flows for the three months ended August 31, 2013 and 2012, and

v. Notes to Condensed Consolidated Financial Statements.

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EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

I, Charles E. Phillips, Jr., certify that:

1. I have reviewed this quarterly report on Form 10-Q of Infor, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation;

c) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect the registrant’s internal control and financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 8, 2013	/s/ CHARLES E. PHILLIPS, JR.
	Charles E. Phillips, Jr.
	Chief Executive Officer and Director

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer

I, Jay Hopkins, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Infor, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation;

c) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect the registrant’s internal control and financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 8, 2013	/s/ JAY HOPKINS
	Jay Hopkins
	Interim Chief Financial Officer,
	Senior Vice President and Controller

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. §1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Infor, Inc. (the Company) on Form 10-Q for the period ended August 31, 2013, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Charles E. Phillips, Jr., Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ CHARLES E. PHILLIPS, JR.

Charles E. Phillips, Jr.

Chief Executive Officer and Director

October 8, 2013

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. §1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Infor, Inc. (the Company) on Form 10-Q for the period ended August 31, 2013, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Jay Hopkins, Interim Chief Financial Officer, Senior Vice President and Controller of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ JAY HOPKINS

Jay Hopkins

Interim Chief Financial Officer,

Senior Vice President and Controller

October 8, 2013

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Related Party Transactions (Summit Partners) (Details) (Summit Partners [Member], USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Summit Partners [Member]
Related Party Transactions [Line Items]
Related party management fees & expenses	$ 0.5	$ 0.5
Related party revenue	0	0
Payments to related party affiliates	$ 0	$ 0

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Supplemental Guarantor Financial Information (Condensed Consolidating Balance Sheets) (Details) (USD $) In Millions, unless otherwise specified	Aug. 31, 2013	May 31, 2013	Aug. 31, 2012	May 31, 2012
Current assets:
Cash and cash equivalents	$ 481.0	$ 421.9	$ 341.6	$ 384.4
Accounts receivable, net	320.8	407.2
Prepaid expenses	107.4	108.5
Income tax receivable	34.8	32.5
Other current assets	16.3	18.6
Deferred tax assets	38.1	38.1
Total current assets	998.4	1,026.8
Property and equipment, net	73.9	71.3
Intangible assets, net	1,032.4	1,087.7
Goodwill	4,146.6	4,139.8
Deferred tax assets	83.8	87.8
Other assets	34.1	36.6
Deferred financing fees, net	146.0	141.1
Total assets	6,515.2	6,591.1
Current liabilities:
Accounts payable	49.2	40.6
Income taxes payable	34.3	28.7
Accrued expenses	359.2	366.4
Deferred tax liabilities	4.2	4.3
Deferred revenue	832.8	927.7
Current portion of long-term obligations	22.3	91.2
Total current liabilities	1,302.0	1,458.9
Long-term debt	5,320.0	5,232.9
Deferred tax liabilities	225.5	231.0
Other long-term liabilities	223.4	232.2
Total liabilities	7,070.9	7,155.0
Total stockholders' equity (deficit)	(555.7)	(563.9)
Total liabilities and stockholders' deficit	6,515.2	6,591.1
Infor, Inc. (Parent) [Member]
Current assets:
Income tax receivable	0.1	0.1
Total current assets	0.1	0.1
Deferred tax assets	0.3	0.2
Total assets	0.4	0.3
Current liabilities:
Deferred tax liabilities	0.1	0.1
Affiliate payable	29.4	29.4
Total current liabilities	29.5	29.5
Affiliate payable	58.5	58.3
Losses in excess of investment in subsidiaries	468.1	476.4
Total liabilities	556.1	564.2
Total stockholders' equity (deficit)	(555.7)	(563.9)
Total liabilities and stockholders' deficit	0.4	0.3
Infor (US), Inc. (Subsidiary Issuer) [Member]
Current assets:
Cash and cash equivalents	117.8	89.5	124.7	164.4
Accounts receivable, net	125.8	161.3
Prepaid expenses	47.8	51.2
Income tax receivable	18.1	15.8
Other current assets	1.6	2.1
Affiliate receivable	332.2	314.7
Deferred tax assets	18.9	18.9
Total current assets	662.2	653.5
Property and equipment, net	27.0	24.6
Intangible assets, net	648.0	682.0
Goodwill	2,240.6	2,240.6
Other assets	6.5	7.0
Deferred financing fees, net	146.0	141.1
Affiliate receivable	1,067.1	1,049.0
Investment in subsidiaries	1,432.3	1,404.8
Total assets	6,229.7	6,202.6
Current liabilities:
Accounts payable	25.8	19.0
Income taxes payable		0.3
Accrued expenses	173.5	150.2
Deferred revenue	503.8	552.2
Affiliate payable	290.3	258.1
Current portion of long-term obligations	22.3	91.2
Total current liabilities	1,015.7	1,071.0
Long-term debt	5,320.0	5,232.9
Deferred tax liabilities	177.3	186.1
Affiliate payable	119.4	119.8
Other long-term liabilities	65.4	69.2
Total liabilities	6,697.8	6,679.0
Total stockholders' equity (deficit)	(468.1)	(476.4)
Total liabilities and stockholders' deficit	6,229.7	6,202.6
Guarantor Subsidiaries [Member]
Current assets:
Accounts receivable, net	6.8	6.2
Prepaid expenses	15.9	15.4
Income tax receivable	0.5	0.5
Other current assets		0.4
Affiliate receivable	268.3	222.1
Deferred tax assets	2.8	2.8
Total current assets	294.3	247.4
Property and equipment, net	17.2	17.5
Intangible assets, net	12.2	13.2
Goodwill	62.7	62.7
Deferred tax assets	4.8	5.8
Other assets	7.7	10.5
Affiliate receivable	1.3	11.0
Total assets	400.2	368.1
Current liabilities:
Accrued expenses	27.4	30.0
Deferred revenue	15.4	13.6
Affiliate payable	225.2	193.2
Total current liabilities	268.0	236.8
Affiliate payable	0.4	0.4
Other long-term liabilities	8.4	11.5
Total liabilities	276.8	248.7
Total stockholders' equity (deficit)	123.4	119.4
Total liabilities and stockholders' deficit	400.2	368.1
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	363.2	332.4	216.9	220.0
Accounts receivable, net	188.2	239.7
Prepaid expenses	43.7	41.9
Income tax receivable	16.1	16.1
Other current assets	14.7	16.1
Affiliate receivable	23.8	47.3
Deferred tax assets	16.5	16.5
Total current assets	666.2	710.0
Property and equipment, net	29.7	29.2
Intangible assets, net	372.2	392.5
Goodwill	1,843.3	1,836.5
Deferred tax assets	83.8	87.8
Other assets	19.9	19.1
Affiliate receivable	118.6	119.0
Total assets	3,133.7	3,194.1
Current liabilities:
Accounts payable	23.4	21.6
Income taxes payable	34.3	28.4
Accrued expenses	158.3	186.2
Deferred tax liabilities	4.2	4.3
Deferred revenue	313.6	361.9
Affiliate payable	79.4	103.4
Total current liabilities	613.2	705.8
Deferred tax liabilities	53.3	50.9
Affiliate payable	1,008.7	1,000.5
Other long-term liabilities	149.6	151.5
Total liabilities	1,824.8	1,908.7
Total stockholders' equity (deficit)	1,308.9	1,285.4
Total liabilities and stockholders' deficit	3,133.7	3,194.1
Eliminations [Member]
Current assets:
Affiliate receivable	(624.3)	(584.1)
Deferred tax assets	(0.1)	(0.1)
Total current assets	(624.4)	(584.2)
Deferred tax assets	(5.1)	(6.0)
Affiliate receivable	(1,187.0)	(1,179.0)
Investment in subsidiaries	(1,432.3)	(1,404.8)
Total assets	(3,248.8)	(3,174.0)
Current liabilities:
Deferred tax liabilities	(0.1)	(0.1)
Affiliate payable	(624.3)	(584.1)
Total current liabilities	(624.4)	(584.2)
Deferred tax liabilities	(5.1)	(6.0)
Affiliate payable	(1,187.0)	(1,179.0)
Losses in excess of investment in subsidiaries	(468.1)	(476.4)
Total liabilities	(2,284.6)	(2,245.6)
Total stockholders' equity (deficit)	(964.2)	(928.4)
Total liabilities and stockholders' deficit	$ (3,248.8)	$ (3,174.0)

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Debt

3 Months Ended

Aug. 31, 2013

Debt [Abstract]

Debt

11. Debt 

The following table summarizes our long-term debt balances for the periods indicated:   

		August 31, 2013				May 31, 2013
(in millions)		Amount	Effective Rate			Amount	Effective Rate
Infor first lien Term B-1 due October 5, 2016	$	-	-	%	$	340.0	5.750	%
Infor first lien Term B-2 due April 5, 2018		2,512.8	5.250	%		2,779.1	5.250	%
Infor first lien Term B-3 due June 3, 2020		479.8	3.750	%		-	-	%
Infor first lien Euro Term due April 5, 2018		-	-	%		321.7	6.750	%
Infor first lien Euro Term B due June 3, 2020		460.1	4.000	%		-	-	%
Infor 9.375% senior notes due April 1, 2019		1,015.0	9.375	%		1,015.0	9.375	%
Infor 10.0% senior notes due April 1, 2019		330.5	10.000	%		324.9	10.000	%
Infor 11.5% senior notes due July 15, 2018		560.0	11.500	%		560.0	11.500	%
Debt discounts		(15.9)				(16.6)
Total long-term debt		5,342.3				5,324.1
Less: current portion		22.3				91.2
Total long-term debt - non-current	$	5,320.0			$	5,232.9

The weighted average interest rate at August 31, 2013, and May 31, 2013, was 6.7% and 7.1%, respectively.

The following table summarizes our future repayment obligations on the principal debt balances for all of our borrowings as of August 31, 2013:  

(in millions)
Fiscal 2014 (remaining 9 months)	$	13.0
Fiscal 2015		37.4
Fiscal 2016		37.4
Fiscal 2017		37.4
Fiscal 2018		2,426.8
Fiscal 2019		1,914.9
Thereafter		891.3
Total	$	5,358.2

Credit Facilities

On April 5, 2012, we entered into a secured credit agreement with Infor (US), Inc. as borrower and a syndicate of certain banks and other financial institutions as lenders and which consists of a secured term loan facility and a secured revolving credit facility (the Credit Agreement), which was subsequently amended pursuant to the First Amendment to the Credit Agreement and the Second Amendment to the Credit Agreement, each as described below.  

The secured revolving credit facility (the Revolver) has a maximum availability of $150.0 million. We have made no draws against the Revolver and no amounts are currently outstanding. However, $23.1 million of letters of credit have reduced the amount available under the Revolver to $126.9 million. Pursuant to the Credit Agreement there is an undrawn line fee of 0.50% and the Revolver matures on March 31, 2017. Amounts under the Revolver may be borrowed to finance working capital needs and for general corporate purposes.

Interest on the term loans borrowed under the secured term loan facility (the Term Loans) is payable quarterly, in arrears. Quarterly principal payment amounts are set for each of the Term Loans with balloon payments at the applicable maturity dates. The Term Loans are subject to mandatory prepayments in the case of certain situations.  

The credit facilities are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries, and are secured by liens on substantially all of the borrower’s assets and the assets of the guarantors. Prior to the Second Amendment described below, under the Credit Agreement we were required to maintain a total leverage ratio not to exceed certain levels as of the last day of each fiscal quarter. However, pursuant to the Second Amendment, this financial maintenance covenant is applicable only for the Revolver and then only for those fiscal quarters in which we have significant borrowings under the Revolver outstanding as of the last day of such fiscal quarter. We are subject to certain other customary affirmative and negative covenants as well. 

Refinancing Amendments

On June 3, 2013, we entered into the Second Amendment to the Credit Agreement (as amended). The Second Amendment provided for the refinancing of the then outstanding principal balance of our Tranche B-1 Term Loan and our Euro Term Loan with the proceeds of a new $483.0 million term loan (the Tranche B-3 Term Loan) and a new €350.0 million term loan (the Euro Tranche B Term Loan).  Interest on the Tranche B-3 Term Loan is based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, with an Adjusted LIBOR floor of 1.0%, or an alternate base rate, plus a margin of 1.75% per annum, with a minimum alternative base rate floor of 2.0%. The Tranche B-3 Term Loan matures on June 3, 2020, which is an extension of approximately three and a half years compared to the original Tranche B-1 Term Loan maturity date. Interest on the Euro Tranche B Term Loan is based on a fluctuating rate of interest determined by reference to an Adjusted LIBOR rate, plus a margin of 3.0% per annum, with an Adjusted LIBOR floor of 1.0%. The Euro Tranche B Term Loan matures on June 3, 2020, which is an extension of approximately two years compared to the original Euro Term Loan maturity date. Pursuant to the terms of the Credit Agreement, the Tranche B-3 Term Loan and Euro Tranche B Term Loan are guaranteed by the same guarantors, and are secured by liens on substantially all of the borrower’s assets and the assets of the guarantors. The Second Amendment also amended the Credit Agreement to, among other things, limit the applicability of the financial maintenance covenant (maximum total leverage ratio) to the Revolver and then only for those fiscal quarters in which we have significant borrowings under our Revolver outstanding as of the last day of such fiscal quarter.

Proceeds from the Tranche B-3 Term Loan and Euro Tranche B Term Loan were used to refinance the outstanding principal of our Tranche B-1 Term Loan and our Euro Term Loan, together with accrued and unpaid interest and applicable fees. In addition, $250.0 million of the proceeds were used to repay a portion of the outstanding balance of our Tranche B-2 Term Loan.

On September 27, 2012,  we entered into the First Amendment to the Credit Agreement. The First Amendment provided for the refinancing of the then outstanding principal balance of our Tranche B Term Loan of $2,763.0 million with the proceeds of a new $2,793.1 million term loan (the Tranche B-2 Term Loan). Interest on the Tranche B-2 Term Loan is based on a fluctuating rate of interest determined by reference to, at our option, an Adjusted LIBOR rate, plus a margin of 4.0% per annum, with an Adjusted LIBOR floor of 1.25%, or an alternate base rate, plus a margin of 3.0% per annum. This was a reduction in our effective rate related to this term loan as compared to the Tranche B Term Loan which was based on an Adjusted LIBOR rate plus a margin of 5.0% per annum.  The Tranche B-2 Term Loan matures on April 5, 2018, which is the same as the original Tranche B Term Loan maturity date. Pursuant to the terms of the Credit Agreement, the Tranche B-2 Term Loan is guaranteed by the same guarantors, and is secured by liens on substantially all of the borrower’s assets and the assets of the guarantors.  

Proceeds from the Tranche B-2 Term Loan were used to refinance the outstanding principal of our Tranche B Term Loan, together with accrued and unpaid interest and applicable fees, including a prepayment premium of 1.0% of the principal amount thereof, in accordance with the terms of the Credit Agreement.

Senior Notes 

Our senior notes bear interest at the applicable rates per annum which is payable semi-annually in cash in arrears. The senior notes are general unsecured obligations of Infor (US), Inc. and are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries. Under the indentures governing the senior notes, we are subject to certain customary affirmative and negative covenants.  

Deferred Financing Fees  

As of August 31, 2013,  deferred financing fees, net of amortization, of $146.0 million are reflected on our Condensed Consolidated Balance Sheets in deferred financing fees, net.  For the three months ended August 31, 2013 and August 31, 2012, we amortized $6.3 million and $5.2 million, respectively, in deferred financing fees which are included in interest expense, net in our Condensed Consolidated Statements of Operations.

In conjunction with the June 3, 2013,  Second Amendment to our Credit Agreement, we evaluated the refinancing transactions in accordance with ASC 470-50-40 Debt—Modifications and Extinguishments—Derecognition to determine if the refinancing of our Tranche B-1 Term Loan and Euro Term Loan were modifications or extinguishments of the original term loans.  Each lender involved in the Second Amendment refinance was analyzed to determine if their participation in the refinancing should be accounted for as a modification or an extinguishment.  As a result of our assessment, the participation of certain lenders was determined to be modifications and applicable amounts of the unamortized deferred financing fees continue to be capitalized and amortized over the term of the refinanced debt.  In the first quarter of fiscal 2014 we capitalized an additional $11.9 million of fees paid to creditors as deferred financing fees related to the modifications.  These fees also include costs associated with lenders participating in the financing for the first time.  These amounts have been reflected as cash flows from financing activities on our Condensed Consolidated Statements of Cash Flows. The remaining lenders who chose not to participate were determined to be extinguishments.  As a result, in the first quarter of fiscal 2014, $0.7 million of the unamortized balance of the applicable deferred financing fees were expensed and recorded in our results of operations as a component of loss on extinguishment of debt in our Condensed Consolidated Statements of Operations.  In addition, we expensed $10.6 million in third-party costs incurred related to the modifications which were included in acquisition related and other costs in our Condensed Consolidated Statements of Operations in the first quarter of fiscal 2014.

Parent Company PIK Term Loan  

In addition to the debt held by Infor and its affiliates discussed above, Infor Lux Bond Company (Lux Bond Co), our parent company, has debt in respect of a term loan (the Lux PIK Term Loan) under the Holdco PIK Term Loan Agreement, dated March 2, 2007, and amended pursuant to the First Amendment thereto, dated as of April 5, 2012.

As of April 5, 2012, the Lux PIK Term Loan bears interest at a fixed rate of 13.375% per year and accrues quarterly. Accrued but unpaid interest is to be added to the principal balance. At the election of Lux Bond Co, interest for a quarter may be paid in cash and the fixed rate will be reduced by 50 basis points per annum for that quarter. For fiscal 2013, Lux Bond Co elected to pay the quarterly interest in cash and we funded the applicable Lux PIK Term Loan interest payments. See Note 16, Related Party Transactions – Due to/from Affiliate.  As of August 31, 2013, and May 31, 2013, the total balance outstanding related to the Lux PIK Term Loan was $166.8 million and $161.4 million, respectively. The balance as of August 31, 2013, includes accrued interest of $5.4 million as Lux Bond Co did not elect to pay the first quarter of fiscal 2014 interest in cash. 

          Under applicable guidance from the SEC (SAB Topic 5-J), a parent’s debt, related interest expense and allocable deferred financing fees are to be included in a subsidiary’s financial statements under certain circumstances. We have considered these circumstances and determined that Infor does not meet any of the applicable criteria related to the Lux PIK Term Loan and accordingly we have not reflected the Lux PIK Term Loan in our consolidated financial statements for any of the periods presented. While not contractually required to do so, we believe that any voluntary servicing of the Lux PIK Term Loan in future periods will not materially impact our ability to service our own debt and that our cash flows from operations, together with our cash and cash equivalents, will be sufficient to meet our debt service obligations for the foreseeable future.

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Intangible Assets (Schedule of Estimated Future Amortization Expense Related to Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	Aug. 31, 2013	May 31, 2013
Intangible Assets [Abstract]
Fiscal 2014 (remaining 9 months)	$ 171.1
Fiscal 2015	203.0
Fiscal 2016	178.7
Fiscal 2017	131.0
Fiscal 2018	80.8
Fiscal 2019	69.8
Thereafter	198.0
Total	$ 1,032.4	$ 1,087.7

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Condensed Consolidated Statements of Operations (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013		Aug. 31, 2012
Revenues:
Software license fees and subscriptions	$ 105.6		$ 100.8
Product updates and support fees	365.0		357.1
Software revenues	470.6		457.9
Consulting services and other fees	179.7		173.9
Total revenues	650.3		631.8
Operating expenses:
Cost of software license fees and subscriptions	17.7	[1]	17.6	[1]
Cost of product updates and support fees	62.4	[1]	62.3	[1]
Cost of consulting services and other fees	144.1	[1]	140.1	[1]
Sales and marketing	99.7		98.5
Research and development	89.9		82.7
General and administrative	47.3		50.1
Amortization of intangible assets and depreciation	63.9		73.0
Restructuring costs	2.2		5.5
Acquisition related and other costs	9.9		1.9
Total operating expenses	537.1		531.7
Income from operations	113.2		100.1
Other expense, net:
Interest expense, net	98.9		108.2
Loss on extinguishment of debt	0.7
Other (income) expense, net	(15.3)		(4.2)
Total other expense, net	84.3		104.0
Income (loss) before income tax	28.9		(3.9)
Income tax provision	5.8		29.4
Net income (loss)	$ 23.1		$ (33.3)

[1] Excludes depreciation and amortization of intangible assets which are separately stated below

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Goodwill

3 Months Ended

Aug. 31, 2013

Goodwill [Abstract]

Goodwill

4. Goodwill 

The change in the carrying amount of our goodwill by reportable segment for the three months ended August 31, 2013, was as follows: 

(in millions)		License		Maintenance		Consulting		Total
Balance, May 31, 2013	$	849.6	$	3,012.9	$	277.3	$	4,139.8
Currency translation effect		1.4		4.9		0.5		6.8
Balance, August 31, 2013	$	851.0	$	3,017.8	$	277.8	$	4,146.6

In accordance with the FASB guidance related to goodwill and other intangible assets, we are required to assess the carrying amount of our goodwill for potential impairment annually or more frequently if events or a change in circumstances indicate that impairment may have occurred. We conduct our annual impairment test in the second quarter of each fiscal year as of September 30. We believe that our reportable segments are also representative of our reporting units for purposes of our goodwill impairment testing.

Testing for goodwill impairment is a two-step process. The first step screens for potential impairment, and if there is an indication of possible impairment, the second step must be completed to measure the amount of impairment loss, if any. The first step of the goodwill impairment test used to identify potential impairment compares the fair value of a reporting unit with the carrying value of its net assets. If the fair value of the reporting unit is less than the carrying value of the reporting unit, the second step of the goodwill impairment test would be performed to measure the amount of impairment loss we would be required to record, if any. The second step, if required, would compare the implied fair value of our recorded goodwill with the current carrying amount. If the implied fair value of our goodwill is less than the carrying value, an impairment charge would be recorded as a charge to our operations.

We conducted our most recent annual impairment assessment in the second quarter of fiscal 2013.  We performed a Step 1 goodwill impairment assessment as of September 30, 2012.  This assessment did not indicate any potential impairment for any of our reporting units and no further testing was required.  We believe there was no impairment of our goodwill and no indication of potential impairment existed as of August 31, 2013. We have no accumulated impairment charges related to our goodwill.

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Subsequent Events

3 Months Ended

Aug. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

18. Subsequent Events 

On September 13, 2013, we entered into certain interest rate protection hedging agreements related to borrowings under our Credit Agreement.  We entered into interest rate swaps with notional amounts totaling $945.0 million to limit our exposure to floating interest rate risk related to a significant portion of the outstanding balance of our Term Loans.  These interest rate swaps have a forward effective date of March 31, 2015, with a 30 month term expiring September 29, 2017.  We entered into the interest rate swaps for hedging purposes only and not for speculation.  We have designated the interest rate swaps as cash flow hedges and we anticipate that these hedges will be highly effective at their inception and on an on-going basis.

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Comprehensive Income (Loss) (Components of Other Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Foreign currency translation adjustment, Before Tax Amounts	$ (20.2)	$ 62.7
Change in funded status of defined benefit plans, Before Tax Amounts	(0.1)	(0.3)
Other comprehensive income (loss), Before Tax Amounts	(20.3)	62.4
Foreign currency translation adjustment, Net of Tax Amount	(20.2)	62.7
Defined benefit plan funding status, net of tax	(0.1)	(0.3)
Total other comprehensive income (loss)	(20.3)	62.4
Infor, Inc. (Parent) [Member]
Defined benefit plan funding status, net of tax

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Restructuring Charges (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 3.9
Adjustment to Costs - Expense	(1.7)
Cash Payments	7.2
Fiscal 2014 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	3.9
Cash Payments	1.7
Fiscal 2013 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Adjustment to Costs - Expense	(0.1)
Cash Payments	3.1
Fiscal 2013 Acquisition Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Adjustment to Costs - Expense	0.1
Cash Payments	0.1
Previous Restructuring And Acquisition Related Charges [Member]
Restructuring Cost and Reserve [Line Items]
Adjustment to Costs - Expense	(1.7)
Cash Payments	$ 2.3

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Income Taxes

3 Months Ended

Aug. 31, 2013

Income Taxes [Abstract]

Income Taxes

12. Income Taxes 

Income taxes have been provided in accordance with ASC 740, Income Taxes.  The Company is included in the GGC Software Parent, Inc. consolidated federal income tax return. We provide for income taxes under the separate return method, by which Infor, Inc. and its subsidiaries compute tax expense as though they file a separate tax return. Interim period income tax benefits and expenses are measured using an estimated annual effective tax rate. For the three-month periods ended August 31, 2013 and August 31, 2012, our estimated global effective tax rates were 20.1% and(753.8)%, respectively, after considering those entities for which no tax benefit from operating losses is expected to occur during the respective year as a result of such entities requiring a full valuation allowance against current year losses.  We estimate our annual effective tax rate for the periods presented and make any necessary changes to adjust the rate for the applicable interim period based upon the annual estimate.  The estimated annual tax rate may fluctuate due to changes in forecasted annual operating income, acquisitions, changes in the jurisdictional mix of the forecasted annual operating income, positive or negative changes to the valuation allowance for net deferred tax assets, changes to actual or forecasted permanent book to tax differences, impacts from future tax settlements with state, federal or foreign tax authorities or impacts from enacted tax law changes.  We identify items which are unusual and nonrecurring in nature and treat these as discrete events. The tax effect of discrete items is recorded entirely in the interim period in which the discrete event occurs. 

Our income tax benefit and overall effective tax rates were as follows for the periods indicated: 

		Three Months Ended
		August 31,
(in millions, except percentages)		2013			2012
Income tax provision	$	5.8		$	29.4
Effective income tax rate		20.1	%		(753.8)	%

The change in the effective tax rates for the three-month period ended August 31, 2013, compared to the three months ended August 31, 2012, was primarily due to a change in earnings levels, a shift in the jurisdictional mix of operating income in the respective periods, the Company’s current year interest expense no longer being subject to the limitations under IRC Section 163(j), a decrease in Subpart F inclusions, the tax benefit created in the current year by the Netherlands Innovation Box, changes in various withholding tax, the change in recorded liabilities for unrecognized tax benefits related to uncertain tax positions in various jurisdictions, the change of the valuation allowance for various foreign deferred tax assets, foreign subsidiary net operating losses not providing benefits, and tax law changes in Australia, Denmark and the United Kingdom. The current effective tax rate for the three-month period ended August 31, 2013, reflects the Company’s current year interest expense no longer being subject to the limitations under IRC Section 163(j), decreases in Subpart F inclusions, the tax benefit created by the Netherlands Innovation Box, a reduction in various foreign withholding taxes, a change in earnings levels, a shift in the jurisdictional mix of operating income in the respective periods, the change in recorded liabilities for unrecognized tax benefits related to uncertain tax positions in various jurisdictions, tax law changes in Denmark and the UK, and changes in the valuation allowances required to be recorded for various foreign subsidiary net operating losses.

Domestically, we file a federal income tax return and generally file state income tax returns in each jurisdiction in which we do business. The statutes of limitations for these returns, with some exceptions, run through 2018. We are generally no longer subject to tax examination domestically for years prior to fiscal year 2009. We are currently under several federal income tax examinations. We are also currently under examination in a number of state jurisdictions. Management believes that we have adequately provided for any uncertain tax positions that may be addressed in these examinations.

Internationally, we generally file income tax returns in each jurisdiction in which we do business. The statutes of limitations for these returns, with some exceptions, run through 2018. We are generally no longer subject to tax examination internationally for years prior to fiscal year 2007. We are currently under examination in a number of international jurisdictions. Management believes that we have adequately provided for any uncertain tax positions that may be addressed in these examinations.

While management believes we have adequately provided for all tax positions, amounts asserted by taxing authorities could materially differ from our accrued positions as a result of uncertain and complex application of tax regulations. Additionally, the recognition and measurement of certain tax benefits includes estimates and judgment by management and inherently includes subjectivity. Accordingly, additional provisions on tax-related matters could be recorded in the future as revised estimates are made or the underlying matters are settled or otherwise resolved.

During the upcoming twelve months ending August 31, 2014, we expect a net reduction of approximately $17.6 million of unrecognized tax benefits, primarily due to the expiration of statutes of limitation in the various jurisdictions.

During the three-month period ended August 31, 2013, we recorded a net increase of valuation allowances totaling $1.4 million that were recorded against deferred tax assets at various domestic and foreign legal entities. Based on estimates of future profitability in some of these jurisdictions, we believe that a valuation allowance continues to be required based on the current level of uncertainty regarding the ability to realize some of the deferred tax assets.  We continue to monitor and weigh both positive and negative evidence related to the future ability to realize these assets.  If it is determined that the evidence indicates that it is more likely than not that we will not be able to realize the deferred tax assets in the future, an adjustment to the deferred tax asset valuation allowance would be recorded in the period when such determination is made.

Following the Infor combination transaction that occurred on April 5, 2012, we completed several organizational restructuring actions and we continue to evaluate various other tax structuring alternatives to rationalize various legal entities and reduce our overall global tax liability.   While we have not finalized additional plans at this time, we expect to conclude such plans during the second and third quarter of fiscal 2014. Until that time, we expect to further evaluate the impact of any restructuring actions on the realizability of available deferred tax assets in the various jurisdictions in which we operate.

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Fair Value (Reconciliation Of Level 3 Assets And Liabilities) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Balance, May 31, 2013	$ 13.2
Total (gain) loss recorded in earnings	(1.2)
Balance,August 31, 2013	$ 12.0

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Supplemental Guarantor Financial Information (Condensed Consolidating Statements of Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Net income (loss)	$ 23.1	$ (33.3)
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax	(20.2)	62.7
Defined benefit plan funding status, net of tax	(0.1)	(0.3)
Total other comprehensive income (loss)	(20.3)	62.4
Comprehensive income (loss)	2.8	29.1
Infor, Inc. (Parent) [Member]
Net income (loss)	23.1	(33.3)
Other comprehensive income (loss):
Defined benefit plan funding status, net of tax
Comprehensive income (loss)	23.1	(33.3)
Infor (US), Inc. (Subsidiary Issuer) [Member]
Net income (loss)	23.1	(32.0)
Other comprehensive income (loss):
Defined benefit plan funding status, net of tax
Comprehensive income (loss)	23.1	(32.0)
Guarantor Subsidiaries [Member]
Net income (loss)	3.4	4.7
Other comprehensive income (loss):
Defined benefit plan funding status, net of tax
Comprehensive income (loss)	3.4	4.7
Non-Guarantor Subsidiaries [Member]
Net income (loss)	43.7	15.9
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax	(20.2)	62.7
Defined benefit plan funding status, net of tax	(0.1)	(0.3)
Total other comprehensive income (loss)	(20.3)	62.4
Comprehensive income (loss)	23.4	78.3
Eliminations [Member]
Net income (loss)	(70.2)	11.4
Other comprehensive income (loss):
Defined benefit plan funding status, net of tax
Comprehensive income (loss)	$ (70.2)	$ 11.4

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Restructuring Charges (Schedule of Restructuring Activity) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	$ 17.9
Initial Costs	3.9
Adjustment to Costs - Expense	(1.7)
Foreign Currency Effect	0.1
Cash Payments	(7.2)
Restructuring accrual reserve	13.0
Total Costs Recognized to Date	113.2
Expected Program Costs	113.2
Fiscal 2014 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Initial Costs	3.9
Cash Payments	(1.7)
Restructuring accrual reserve	2.2
Total Costs Recognized to Date	3.9
Expected Program Costs	3.9
Fiscal 2013 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	8.4
Adjustment to Costs - Expense	(0.1)
Foreign Currency Effect	0.1
Cash Payments	(3.1)
Restructuring accrual reserve	5.3
Total Costs Recognized to Date	15.4
Expected Program Costs	15.4
Fiscal 2013 Acquisition Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	0.6
Adjustment to Costs - Expense	0.1
Cash Payments	(0.1)
Restructuring accrual reserve	0.6
Total Costs Recognized to Date	0.9
Expected Program Costs	0.9
Previous Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	1.7
Adjustment to Costs - Expense	(0.1)
Cash Payments	(0.5)
Restructuring accrual reserve	1.1
Total Costs Recognized to Date	15.7
Expected Program Costs	15.7
Previous Acquisition Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	7.2
Adjustment to Costs - Expense	(1.6)
Cash Payments	(1.8)
Restructuring accrual reserve	3.8
Total Costs Recognized to Date	77.3
Expected Program Costs	77.3
Severance [Member] | Fiscal 2014 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Initial Costs	3.9
Cash Payments	(1.7)
Restructuring accrual reserve	2.2
Total Costs Recognized to Date	3.9
Expected Program Costs	3.9
Severance [Member] | Fiscal 2013 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	7.9
Adjustment to Costs - Expense	(0.2)
Foreign Currency Effect	0.1
Cash Payments	(2.8)
Restructuring accrual reserve	5.0
Total Costs Recognized to Date	14.6
Expected Program Costs	14.6
Severance [Member] | Fiscal 2013 Acquisition Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	0.6
Adjustment to Costs - Expense	0.1
Cash Payments	(0.1)
Restructuring accrual reserve	0.6
Total Costs Recognized to Date	0.9
Expected Program Costs	0.9
Severance [Member] | Previous Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	1.6
Adjustment to Costs - Expense	(0.1)
Cash Payments	(0.5)
Restructuring accrual reserve	1.0
Total Costs Recognized to Date	14.3
Expected Program Costs	14.3
Severance [Member] | Previous Acquisition Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	0.8
Cash Payments	(0.2)
Restructuring accrual reserve	0.6
Total Costs Recognized to Date	54.6
Expected Program Costs	54.6
Facilities and other [Member] | Fiscal 2013 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	0.5
Adjustment to Costs - Expense	0.1
Cash Payments	(0.3)
Restructuring accrual reserve	0.3
Total Costs Recognized to Date	0.8
Expected Program Costs	0.8
Facilities and other [Member] | Previous Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	0.1
Restructuring accrual reserve	0.1
Total Costs Recognized to Date	1.4
Expected Program Costs	1.4
Facilities and other [Member] | Previous Acquisition Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve - beginning balance	6.4
Adjustment to Costs - Expense	(1.6)
Cash Payments	(1.6)
Restructuring accrual reserve	3.2
Total Costs Recognized to Date	22.7
Expected Program Costs	$ 22.7

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Comprehensive Income (Tables)

3 Months Ended

Aug. 31, 2013

Comprehensive Income [Abstract]

Schedule of accumulated other comprehensive income (loss)

Total accumulated other comprehensive income (loss) and its components were as follows for the periods indicated:  

(in millions)		Foreign Currency Translation Adjustment		Funded Status of Defined Benefit Pension Plan		Accumulated Other Comprehensive Income (Loss) (1)
Balance, May 31, 2013	$	98.9	$	(8.9)	$	90.0
Other comprehensive income (loss)		(20.2)		(0.1)		(20.3)
Balance, August 31, 2013	$	78.7	$	(9.0)	$	69.7

________________

(1)Accumulatedother comprehensive income (loss) is presented net of tax provision of $0.9million and $0.9million as of August 31, 2013, and May 31, 2013, respectively.

Schedule of components of other comprehensive income (Loss), including amounts reclassified out of accumulated other comprehensive income

The components of other comprehensive income (loss) were as follows for the periods indicated.  There were no amounts reclassified out of accumulated other comprehensive income in either period.

(in millions)				Income Tax
Three Months Ended		Before-Tax		(Expense) Benefit		Net-of-Tax
August 31, 2013
Foreign currency translation adjustment	$	(20.2)	$	-	$	(20.2)
Change in funded status of defined benefit plans		(0.1)		-		(0.1)
Other comprehensive income (loss)	$	(20.3)	$	-	$	(20.3)
August 31, 2012
Foreign currency translation adjustment	$	62.7	$	-	$	62.7
Change in funded status of defined benefit plans		(0.3)		-		(0.3)
Other comprehensive income (loss)	$	62.4	$	-	$	62.4

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Equity-Based Compensation (Policy)

3 Months Ended

Aug. 31, 2013

Equity-Based Compensation [Abstract]

Equity-based compensation

We account for equity-based payments, including grants of employee securities awards, in accordance with ASC 718, Compensation—Stock Compensation, which requires that equity-based payments (to the extent they are compensatory) be recognized in our results of operations based on their fair values and the estimated number of securities we ultimately expect will vest.

We utilize the Option-Pricing Method to estimate the fair value of our equity awards. This approach models the various classes of equity securities as a series of call options on our total equity.  The exercise prices of the call options were derived based on the distribution waterfall of the issuing entity.  Assumptions utilized under the Option–Pricing Method include: (a) stock price, derived from the estimated fair value of our total equity, (b) time to expiration, derived from the expected time to a potential liquidity event, (c) risk- free interest rate, derived from the U.S. Treasury rate over the expected time to expiration, (d) expected dividend yield and (e) expected volatility of the total equity value.  In estimating the fair value of our equity awards granted in fiscal 2012, we used the following assumptions; expected term of 1.25 years, risk-free interest rate of 0.22%, expected dividend yield of 0.0%, and expected volatility of 75.0%.  We have made no significant equity grants in fiscal 2013 or in the first three months of fiscal 2014.

Pursuant to applicable FASB guidance related to equity-based awards, we have reflected equity compensation expense related to our parent companies’ equity grants within our results of operations with an offset to additional paid-in capital.

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Summary of Significant Accounting Policies (Policy)

3 Months Ended

Aug. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Revenue Recognition

Revenue Recognition  

We generate revenues primarily by licensing software, providing product updates and support and providing consulting services to our customers. We record revenues in accordance with the guidance provided by ASC 985-605, Software—Revenue Recognition, ASC 605, Revenue Recognition, as well as Technical Practice Aids issued from time to time by the American Institute of Certified Public Accountants. Revenue is recorded net of applicable taxes.  

Our license fees are primarily from sales of perpetual software licenses granting customers use of our software products and access to software products through our Software-as-a-Service (SaaS) offering. License fees are recognized when the following criteria are met: 1) there is persuasive evidence of an arrangement, 2) the software product has been delivered, 3) the fees are fixed or determinable, and 4) collectability is reasonably assured. SaaS revenue is recognized over the committed service period once the services commence. SaaS revenues are included in software license fees and subscriptions revenues in our Condensed Consolidated Statements of Operations and were approximately $14.7 million and  $10.6 million in the first quarter of fiscal 2014 and 2013, respectively.

Allowances for Doubtful Accounts, Cancellations and Billing Adjustments

Allowances for Doubtful Accounts, Cancellations and Billing Adjustments

We have established an allowance for estimated billing adjustments and an allowance for estimated amounts that will not be collected. We record provisions for billing adjustments as a reduction of revenue and provisions for doubtful accounts as a component of general and administrative expense in our Condensed Consolidated Statements of Operations. We review specific accounts, including significant accounts with balances past due over 90 days, for collectability based on circumstances known at the date of the financial statements. In addition, we maintain reserves based on historical billing adjustments and write-offs. These estimates are reviewed periodically and consider specific customer situations, historical experience and write-offs, customer credit-worthiness, current economic trends and changes in customer payment terms. A considerable amount of judgment is required in assessing these factors. If the factors utilized in determining the allowance do not reflect future performance, a change in the allowance would be necessary in the period such determination is made which would affect future results of operations. Accounts receivable are charged against the allowance when we determine it is probable the receivable will not be recovered.  

The following is a rollforward of our allowance for doubtful accounts: 

(in millions)
Balance, May 31, 2013	$	16.0
Provision		2.7
Write-offs and recoveries		(1.4)
Currency translation effect		(0.1)
Balance, August 31, 2013	$	17.2

Sales Allowances

Sales Allowances 

We do not generally provide a contractual right of return. However, in the course of arriving at practical business solutions to various claims arising from the sale of our products and delivery of our solutions, we have allowed for sales allowances. We record a provision against revenue for estimated sales allowances on license and consulting revenues in the same period the related revenues are recorded or when current information indicates additional allowances are required. These estimates are based on historical experience determined by analysis of claim activities, specifically identified customers and other known factors. If the historical data utilized does not reflect expected future performance, a change in the allowances would be recorded in the period such determination is made affecting current and future results of operations. The balance of our sales reserve is reflected in deferred revenue on our Condensed Consolidated Balance Sheets.

The following is a rollforward of our sales reserve:

(in millions)
Balance, May 31, 2013	$	10.7
Provision		1.1
Write-offs		(0.3)
Currency translation effect		0.1
Balance, August 31, 2013	$	11.6

Foreign Currency

Foreign Currency 

The functional currency of our foreign subsidiaries is typically the applicable local currency. The translation from the respective foreign currencies to United States Dollars (U.S. Dollar) is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for income statement accounts using a weighted average exchange rate during the period. Gains or losses resulting from such translation are included as a separate component of accumulated other comprehensive income. Gains or losses resulting from foreign currency transactions are included in foreign currency income or loss except for the effect of exchange rates on long-term inter-company transactions considered to be a long-term investment, which are accumulated and credited or charged to other comprehensive income.  

Transaction gains and losses are recognized in our results of operations based on the differencebetween the foreign exchange rates on the transaction date and on the reporting date. We recognized net foreign exchange gains of $15.4 million and $4.2 million for the three months ended August 31, 2013, and for the comparable three months ended August 31, 2012.  The foreign currency exchange gains and losses are included as a component of other (income) expense, net, in the accompanying Condensed Consolidated Statements of Operations.

Certain transaction gains and losses are generated from inter-company balances that are not considered to be long-term in nature that will be settled between subsidiaries. The inter-company balances are a result of normal transfer pricing transactions among various operating subsidiaries, as well as certain loans initiated between subsidiaries. The proceeds from these loans were primarily used to fund various acquisitions. We also recognize transaction gains and losses from revaluing debt denominated in Euros and held by subsidiaries whose functional currency is the U.S. Dollar. See Note 11, Debt. Unlike translation gains and losses which occur by revaluing a subsidiary’s financial statements into our reporting currency, the transaction gains or losses recognized when revaluing this debt affects functional currency cash flows and is included in determining net income or loss for the period in which exchange rates change. Changes in exchange rates create unrealized gains and losses at each reporting date until the balances are settled and recognized in our results of operations. When the balances are settled, the unrealized gains and losses become realized.

Adoption of New Accounting Pronouncements

Adoption of New Accounting Pronouncements

None 

Recent Accounting Pronouncements - Not Yet Adopted

Recent Accounting Pronouncements — Not Yet Adopted 

In July 2013, the FASB issued guidance on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exist. This guidance requires an entity to present an unrecognized tax benefit as a reduction of a deferred tax asset for a net operating loss carryforward, or similar tax loss or tax credit carryforward, rather than as a liability when the uncertain tax position would reduce the net operating loss or other carryforward under the tax law of the applicable jurisdiction and the entity intends to use the deferred tax asset for that purpose. This guidance is effective for interim or annual periods beginning after December 15, 2013 (our fiscal 2015). Early adoption and retrospective application are permitted. We are currently evaluating how the adoption of this guidance will affect our presentation of unrecognized tax benefits and the impact it may have on our financial position, results of operations or cash flows.

In March 2013, the FASB amended existing guidance on foreign currency matters relating to the releasing of cumulative translation adjustments to net income when an entity ceases to have a controlling financial interest in a subsidiary or business within a foreign entity. According to this guidance, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided, or, if a controlling financial interest is no longer held. This revised guidance is effective on a prospective basis for fiscal years beginning after December 15, 2013 (our fiscal 2015), with early adoption permitted. We are currently evaluating how the adoption of this guidance will affect our accounting for such derecognition transactions and the impact it may have on our financial position, results of operations or cash flows.

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Goodwill (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013
Goodwill [Line Items]
Beginning Balance	$ 4,139.8
Currency translation effect	6.8
Ending Balance	4,146.6
Goodwill impairment	0
Accumulated impairment charges	0
License [Member]
Goodwill [Line Items]
Beginning Balance	849.6
Currency translation effect	1.4
Ending Balance	851.0
Maintenance [Member]
Goodwill [Line Items]
Beginning Balance	3,012.9
Currency translation effect	4.9
Ending Balance	3,017.8
Consulting [Member]
Goodwill [Line Items]
Beginning Balance	277.3
Currency translation effect	0.5
Ending Balance	$ 277.8

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Equity-Based Compensation (Tables)

3 Months Ended

Aug. 31, 2013

Equity-Based Compensation [Abstract]

Schedule of equity compensation expense recognized in condensed consolidated statements of operations by category

		Three Months Ended
		August 31,
(in millions)		2013		2012
Selling and marketing expense	$	1.1	$	0.3
Research and development expense		0.9		0.3
General and administrative expense		0.6		0.7
Total	$	2.6	$	1.3

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Supplemental Guarantor Financial Information (Tables)

3 Months Ended

Aug. 31, 2013

Supplemental Guarantor Financial Information [Abstract]

Schedule of condensed consolidating balance sheets

 Condensed Consolidating Balance Sheets  

		August 31, 2013
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	117.8	$	-	$	363.2	$	-	$	481.0
Accounts receivable, net		-		125.8		6.8		188.2		-		320.8
Prepaid expenses		-		47.8		15.9		43.7		-		107.4
Income tax receivable		0.1		18.1		0.5		16.1		-		34.8
Other current assets		-		1.6		-		14.7		-		16.3
Affiliate receivable		-		332.2		268.3		23.8		(624.3)		-
Deferred tax assets		-		18.9		2.8		16.5		(0.1)		38.1
Total current assets		0.1		662.2		294.3		666.2		(624.4)		998.4
Property and equipment, net		-		27.0		17.2		29.7		-		73.9
Intangible assets, net		-		648.0		12.2		372.2		-		1,032.4
Goodwill		-		2,240.6		62.7		1,843.3		-		4,146.6
Deferred tax assets		0.3		-		4.8		83.8		(5.1)		83.8
Other assets		-		6.5		7.7		19.9		-		34.1
Deferred financing fees, net		-		146.0		-		-		-		146.0
Affiliate receivable		-		1,067.1		1.3		118.6		(1,187.0)		-
Investment in subsidiaries		-		1,432.3		-		-		(1,432.3)		-
Total assets	$	0.4	$	6,229.7	$	400.2	$	3,133.7	$	(3,248.8)	$	6,515.2
LIABILITIES AND STOCKHOLDERS'
DEFICIT
Current liabilities:
Accounts payable	$	-	$	25.8	$	-	$	23.4	$	-	$	49.2
Income taxes payable		-		-		-		34.3		-		34.3
Accrued expenses		-		173.5		27.4		158.3		-		359.2
Deferred tax liabilities		0.1		-		-		4.2		(0.1)		4.2
Deferred revenue		-		503.8		15.4		313.6		-		832.8
Affiliate payable		29.4		290.3		225.2		79.4		(624.3)		-
Current portion of long-term obligations		-		22.3		-		-		-		22.3
Total current liabilities		29.5		1,015.7		268.0		613.2		(624.4)		1,302.0
Long-term debt		-		5,320.0		-		-		-		5,320.0
Deferred tax liabilities		-		177.3		-		53.3		(5.1)		225.5
Affiliate payable		58.5		119.4		0.4		1,008.7		(1,187.0)		-
Other long-term liabilities		-		65.4		8.4		149.6		-		223.4
Losses in excess of investment in subsidiaries		468.1		-		-		-		(468.1)		-
Total liabilities		556.1		6,697.8		276.8		1,824.8		(2,284.6)		7,070.9
Total stockholders' equity (deficit)		(555.7)		(468.1)		123.4		1,308.9		(964.2)		(555.7)
Total liabilities and stockholders' deficit	$	0.4	$	6,229.7	$	400.2	$	3,133.7	$	(3,248.8)	$	6,515.2

		May 31, 2013
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	89.5	$	-	$	332.4	$	-	$	421.9
Accounts receivable, net		-		161.3		6.2		239.7		-		407.2
Prepaid expenses		-		51.2		15.4		41.9		-		108.5
Income tax receivable		0.1		15.8		0.5		16.1		-		32.5
Other current assets		-		2.1		0.4		16.1		-		18.6
Affiliate receivable		-		314.7		222.1		47.3		(584.1)		-
Deferred tax assets		-		18.9		2.8		16.5		(0.1)		38.1
Total current assets		0.1		653.5		247.4		710.0		(584.2)		1,026.8
Property and equipment, net		-		24.6		17.5		29.2		-		71.3
Intangible assets, net		-		682.0		13.2		392.5		-		1,087.7
Goodwill		-		2,240.6		62.7		1,836.5		-		4,139.8
Deferred tax assets		0.2		-		5.8		87.8		(6.0)		87.8
Other assets		-		7.0		10.5		19.1		-		36.6
Deferred financing fees, net		-		141.1		-		-		-		141.1
Affiliate receivable		-		1,049.0		11.0		119.0		(1,179.0)		-
Investment in subsidiaries		-		1,404.8		-		-		(1,404.8)		-
Total assets	$	0.3	$	6,202.6	$	368.1	$	3,194.1	$	(3,174.0)	$	6,591.1
LIABILITIES AND STOCKHOLDERS'
DEFICIT
Current liabilities:
Accounts payable	$	-	$	19.0	$	-	$	21.6	$	-	$	40.6
Income taxes payable		-		0.3		-		28.4		-		28.7
Accrued expenses		-		150.2		30.0		186.2		-		366.4
Deferred tax liabilities		0.1		-		-		4.3		(0.1)		4.3
Deferred revenue		-		552.2		13.6		361.9		-		927.7
Affiliate payable		29.4		258.1		193.2		103.4		(584.1)		-
Current portion of long-term obligations		-		91.2		-		-		-		91.2
Total current liabilities		29.5		1,071.0		236.8		705.8		(584.2)		1,458.9
Long-term debt		-		5,232.9		-		-		-		5,232.9
Deferred tax liabilities		-		186.1		-		50.9		(6.0)		231.0
Affiliate payable		58.3		119.8		0.4		1,000.5		(1,179.0)		-
Other long-term liabilities		-		69.2		11.5		151.5		-		232.2
Losses in excess of investment in subsidiaries		476.4		-		-		-		(476.4)		-
Total liabilities		564.2		6,679.0		248.7		1,908.7		(2,245.6)		7,155.0
Total stockholders' equity (deficit)		(563.9)		(476.4)		119.4		1,285.4		(928.4)		(563.9)
Total liabilities and stockholders' deficit	$	0.3	$	6,202.6	$	368.1	$	3,194.1	$	(3,174.0)	$	6,591.1

Schedule of condensed consolidating statements of operations

Condensed Consolidating Statements of Operations  

		Three Months Ended August 31, 2013
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	62.4	$	1.3	$	41.9	$	-	$	105.6
Product updates and support fees		-		203.0		7.3		154.7		-		365.0
Software revenues		-		265.4		8.6		196.6		-		470.6
Consulting services and other fees		-		71.9		2.9		104.9		-		179.7
Total revenues		-		337.3		11.5		301.5		-		650.3
Operating expenses:
Cost of software license fees and subscriptions		-		10.3		1.0		6.2		0.2		17.7
Cost of product updates and support fees		-		30.5		0.9		29.7		1.3		62.4
Cost of consulting services and other fees		-		55.5		2.3		84.0		2.3		144.1
Sales and marketing		-		47.1		6.8		44.4		1.4		99.7
Research and development		-		45.4		2.2		39.6		2.7		89.9
General and administrative		-		5.8		27.3		22.1		(7.9)		47.3
Amortization of intangible assets and depreciation		-		36.9		3.0		24.0		-		63.9
Restructuring costs		-		(0.3)		0.2		2.3		-		2.2
Acquisition related and other costs		-		10.8		-		(0.9)		-		9.9
Affiliate (income) expense, net		-		36.9		(36.4)		(0.5)		-		-
Total operating expenses		-		278.9		7.3		250.9		-		537.1
Income from operations		-		58.4		4.2		50.6		-		113.2
Other expense, net:
Interest expense, net		-		98.7		-		0.2		-		98.9
Affiliate interest (income) expense, net		-		(14.8)		-		14.8		-		-
Loss on extinguishment of debt		-		0.7		-		-		-		0.7
Other (income) expense, net		-		4.5		(0.1)		(19.7)		-		(15.3)
Total other expense, net		-		89.1		(0.1)		(4.7)		-		84.3
Income (loss) before income tax		-		(30.7)		4.3		55.3		-		28.9
Income tax provision (benefit)		-		(6.7)		0.9		11.6		-		5.8
Equity in (earnings) loss of subsidiaries		(23.1)		(47.1)		-		-		70.2		-
Net income (loss)	$	23.1	$	23.1	$	3.4	$	43.7	$	(70.2)	$	23.1

		Three Months Ended August 31, 2012
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	55.0	$	1.2	$	44.6	$	-	$	100.8
Product updates and support fees		-		196.7		7.1		153.3		-		357.1
Software revenues		-		251.7		8.3		197.9		-		457.9
Consulting services and other fees		-		69.0		2.9		102.0		-		173.9
Total revenues		-		320.7		11.2		299.9		-		631.8
Operating expenses:
Cost of software license fees and subscriptions		-		9.4		1.1		7.0		0.1		17.6
Cost of product updates and support fees		-		31.0		0.5		29.8		1.0		62.3
Cost of consulting services and other fees		-		54.6		2.6		81.0		1.9		140.1
Sales and marketing		-		45.1		3.0		49.2		1.2		98.5
Research and development		-		43.6		0.1		37.0		2.0		82.7
General and administrative		-		10.6		23.7		22.0		(6.2)		50.1
Amortization of intangible assets and depreciation		-		41.7		3.7		27.6		-		73.0
Restructuring costs		-		0.6		0.1		4.8		-		5.5
Acquisition related and other costs		-		(0.7)		2.6		-		-		1.9
Affiliate (income) expense, net		-		32.0		(33.2)		1.2				-
Total operating expenses		-		267.9		4.2		259.6		-		531.7
Income (loss) from operations		-		52.8		7.0		40.3		-		100.1
Other expense, net:
Interest expense, net		-		108.2		-		-		-		108.2
Affiliate interest (income) expense, net		-		(19.4)		-		19.4		-		-
Loss on extinguishment of debt		-		-		-		-		-		-
Other (income) expense, net		-		8.4		0.3		(12.9)		-		(4.2)
Total other expense, net		-		97.2		0.3		6.5		-		104.0
Income (loss) before income tax		-		(44.4)		6.7		33.8		-		(3.9)
Income tax provision (benefit)		1.3		8.2		2.0		17.9		-		29.4
Equity in (earnings) loss of subsidiaries		32.0		(20.6)		-		-		(11.4)		-
Net income (loss)	$	(33.3)	$	(32.0)	$	4.7	$	15.9	$	11.4	$	(33.3)

Schedule of condensed consolidating statements of comprehensive income (loss)

Condensed Consolidating Statements of Comprehensive Income (Loss)  

		Three Months Ended August 31, 2013
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	23.1	$	23.1	$	3.4	$	43.7	$	(70.2)	$	23.1
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		(20.2)		-		(20.2)
Defined benefit plan funding status, net of tax		-		-		-		(0.1)		-		(0.1)
Total other comprehensive income (loss)		-		-		-		(20.3)		-		(20.3)
Comprehensive income (loss)	$	23.1	$	23.1	$	3.4	$	23.4	$	(70.2)	$	2.8

		Three Months Ended August 31, 2012
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(33.3)	$	(32.0)	$	4.7	$	15.9	$	11.4	$	(33.3)
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		62.7		-		62.7
Defined benefit plan funding status, net of tax		-		-		-		(0.3)		-		(0.3)
Total other comprehensive income (loss)		-		-		-		62.4		-		62.4
Comprehensive income (loss)	$	(33.3)	$	(32.0)	$	4.7	$	78.3	$	11.4	$	29.1

Schedule of condensed consolidating statements of cash flows

Condensed Consolidating Statements of Cash Flows

		Three Months Ended August 31, 2013
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	-	$	34.8	$	(7.8)	$	50.5	$	-	$	77.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		-		0.4		-		(0.7)		-		(0.3)
Change in restricted cash		-		-		-		(1.6)		-		(1.6)
Purchases of property, equipment and software		-		(5.3)		(1.8)		(1.3)		-		(8.4)
Net cash used in investing activities		-		(4.9)		(1.8)		(3.6)		-		(10.3)
Cash flows from financing activities:
Loans to stockholders		-		-		-		-		-		-
Payments on capital lease obligations		-		(0.1)		-		(0.5)		-		(0.6)
Proceeds from issuance of debt		-		937.7		-		-		-		937.7
Payments on long-term debt		-		(933.5)		-		-		-		(933.5)
(Payments) proceeds from affiliate within group		-		6.2		9.6		(15.8)		-		-
Deferred financing fees		-		(11.9)		-		-		-		(11.9)
Net cash provided by (used in) financing activities		-		(1.6)		9.6		(16.3)		-		(8.3)
Effect of exchange rate changes on cash and cash equivalents				-		-		0.2		-		0.2
Net increase (decrease) in cash and cash equivalents		-		28.3		-		30.8		-		59.1
Cash and cash equivalents at the beginning of the period		-		89.5		-		332.4		-		421.9
Cash and cash equivalents at the end of the period	$	-	$	117.8	$	-	$	363.2	$	-	$	481.0

		Three Months Ended August 31, 2012
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	-	$	26.3	$	3.5	$	(3.6)	$	-	$	26.2
Cash flows from investing activities:
Acquisitions, net of cash acquired		-		-		-		(39.6)		-		(39.6)
Change in restricted cash		-		-		-		0.4		-		0.4
Purchases of property, equipment and software		-		(5.9)		(3.4)		(1.0)		-		(10.3)
Net cash used in investing activities		-		(5.9)		(3.4)		(40.2)		-		(49.5)
Cash flows from financing activities:
Loans to stockholders		-		(2.8)		-		-		-		(2.8)
Payments on capital lease obligations		-		-		(0.1)		(0.1)		-		(0.2)
Proceeds from issuance of debt		-		-		-		-		-		-
Payments on long-term debt		-		(22.7)		-		-		-		(22.7)
(Payments) proceeds from affiliate within group		-		(34.6)		-		34.6		-		-
Deferred financing fees		-		-		-		-		-		-
Net cash provided by (used in) financing activities		-		(60.1)		(0.1)		34.5		-		(25.7)
Effect of exchange rate changes on cash and cash equivalents		-		-		-		6.2		-		6.2
Net increase (decrease) in cash and cash equivalents		-		(39.7)		-		(3.1)		-		(42.8)
Cash and cash equivalents at the beginning of the period		-		164.4		-		220.0		-		384.4
Cash and cash equivalents at the end of the period	$	-	$	124.7	$	-	$	216.9	$	-	$	341.6

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Fair Value (Narrative) (Details) (USD $)	Aug. 31, 2013	May 31, 2013
Fair Value [Abstract]
Long-term debt, carrying value	$ 5,342,300,000	$ 5,324,100,000
Long-term debt, fair value	$ 5,600,000,000	$ 5,600,000,000

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Accounts Receivable, Net (Tables)

3 Months Ended

Aug. 31, 2013

Accounts Receivable, Net [Abstract]

Schedule of accounts receivable, net

		August 31,		May 31,
(in millions)		2013		2013
Accounts receivable	$	287.4	$	368.9
Unbilled accounts receivable		50.6		54.3
Less:  allowance for doubtful accounts		(17.2)		(16.0)
Accounts receivable, net	$	320.8	$	407.2

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Debt (Parent Company PIK Term Loan) (Details) (Payment in Kind (PIK) Note [Member], USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	May 31, 2013
Payment in Kind (PIK) Note [Member]
Debt Instrument [Line Items]
Date of original borrowings	Mar. 02, 2007
Outstanding balance	$ 166.8	$ 161.4
Stated interest rates	13.375%
Potential reduction in fixed rate of interest	0.50%
Debt Instrument, Increase, Accrued Interest	$ 5.4

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Segment And Geographic Information (Summary Of Long-Lived Tangible Assets By Geographic Region) (Details) (USD $) In Millions, unless otherwise specified	Aug. 31, 2013	May 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 73.9	$ 71.3
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	44.9	42.9
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	25.8	25.0
APAC [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 3.2	$ 3.4

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Debt (Deferred Financing Fees) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Debt [Abstract]
Total deferred finance fees, net	$ 146.0
Amortization of deferred finance fees	6.3	5.2
Deferred finance fees capitalized related to debt modifications	11.9
Write off of deferred debt issuance cost	0.7
Costs incurred related to modifications of debt	10.6
Loss on extinguishment of debt	$ 0.7

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Summary of Significant Accounting Policies (Allowance for Doubtful Accounts) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013
Summary of Significant Accounting Policies [Abstract]
Allowance for Doubtful Accounts Receivable, Beginning Balance	$ 16.0
Provision	2.7
Write-offs and recoveries	(1.4)
Currency translation effect	(0.1)
Allowance for Doubtful Accounts Receivable, Ending Balance	$ 17.2

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Segment And Geographic Information (Schedule Of Reportable Segment Information) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013 segment	Aug. 31, 2012
Segment Reporting Information [Line Items]
Revenues	$ 650.3	$ 631.8
Number of reportable segments	3
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	652.8	638.6
Cost of revenues	222.5	218.0
Direct sales costs	85.1	82.4
Sales margin	345.2	338.2
Sales margin %	52.90%	53.00%
License [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	106.9	105.6
Cost of revenues	15.8	15.2
Direct sales costs	85.1	82.4
Sales margin	6.0	8.0
Sales margin %	5.60%	7.60%
Maintenance [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	365.5	357.7
Cost of revenues	62.4	62.3
Sales margin	303.1	295.4
Sales margin %	82.90%	82.60%
Consulting [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	180.4	175.3
Cost of revenues	144.3	140.5
Sales margin	$ 36.1	$ 34.8
Sales margin %	20.00%	19.90%

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Nature of Business and Basis of Presentation (Policy)

3 Months Ended

Aug. 31, 2013

Nature of Business and Basis of Presentation [Abstract]

Basis of Presentation

Basis of Presentation

Our Condensed Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP) as set forth in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) and consider the various staff accounting bulletins and other applicable guidance issued by the U.S. Securities and Exchange Commission (SEC). Our Condensed Consolidated Financial Statements include the accounts of Infor and our wholly owned and majority-owned subsidiaries operating in the Americas, EMEA and APAC. All significant intercompany accounts and transactions have been eliminated.

The unaudited Condensed Consolidated Financial Statements and Notes are presented as permitted by FASB requirements for quarterly reports and do not contain all the information and disclosures included in our annual financial statements and related notes as required by GAAP. The Condensed Consolidated Balance Sheet data as of May 31, 2013, and other amounts presented herein as of May 31, 2013, or for the year then ended, were derived from our audited financial statements.  The accompanying Condensed Combined Financial Statements reflect all adjustments, in the opinion of management, necessary to fairly state our financial position, results of operations and cash flows for the periods presented. These adjustments consist of normal and recurring items. The results of operations for our interim periods are not necessarily indicative of results to be achieved for any future interim period or for our full fiscal year. The accompanying interim Condensed Consolidated Financial Statements should be read in conjunction with our financial statements and related notes for the fiscal year ended May 31, 2013, included in our Annual Report on Form 10-K, filed with the SEC on August 2, 2013.

Business Segments

During the third quarter of fiscal 2013, we identified and corrected an error in the manner in which we were classifying our affiliate receivables with Lux Bond Co, a subsidiary of IGS Intermediate Holdings and Infor’s immediate parent company, and presented our affiliate receivables as receivable from stockholders on our Consolidated Balance Sheets.  Previously, the receivables were classified as other assets. The cash flows related to the affiliate receivables were also reclassified from operating activities to financing activities in our Consolidated Statement of Cash Flows. In accordance with accounting guidance found in ASC 250-10 (SEC Staff Accounting Bulletin No. 99, Materiality), we assessed the materiality of these changes and concluded that they were not material to any of our previously issued financial statements. In accordance with accounting guidance found in ASC 250-10 (SEC Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), we revised our previously issued financial statements to correct the effect of the error in the current filing.  The revisions resulted in a $2.8 million reclassification from Cash flows from financing activitiesto Cash flows from operating activities in our Condensed Consolidated Statement of Cash Flows for the three-month period ended August 31, 2012.

Business Segments 

We view our operations and manage our business as three reportable segments: License, Maintenance, and Consulting. We determine our reportable operating segments in accordance with the provisions in the FASB guidance on segment reporting, which establishes standards for, and requires disclosure of, certain financial information related to reportable operating segments and geographic regions. Factors used to identify our reportable operating segments include the financial information regularly utilized for evaluation by our chief operating decision-maker (CODM) in making decisions about how to allocate resources and in assessing our performance. We have determined that our CODM, as defined by this segment reporting guidance, is our Chief Executive Officer.  See Note 15, Segment and Geographic Information.

Use of Estimates

Use of Estimates

The preparation of financial statements in accordance with GAAP requires us to make certain estimates, judgments and assumptions. These estimates, judgments and assumptions are based upon information available to us at the time that they are made and are believed to be reliable. These estimates, judgments and assumptions can affect the reported amounts of our assets and liabilities as of the date of the financial statements as well as the reported amounts of our revenues and expenses during the periods presented. On an on-going basis we evaluate our estimates and assumptions, including, but not limited to, those related to revenue recognition, allowance for doubtful accounts and sales returns, fair value of equity-based compensation, fair value of acquired intangible assets and goodwill, useful lives of intangible assets and property and equipment, income taxes, restructuring obligations, contingencies and litigation, among others. We believe these estimates and assumptions are reasonable under the circumstances and they form a basis for making judgments about the carrying values of our assets and liabilities that are not readily apparent from other sources. Differences between these estimates, judgments or assumptions and actual results could materially impact our financial statements. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting among available alternatives would not produce a materially different result.

Fiscal Year

Fiscal Year

Our fiscal year is from June 1 through May 31. Unless otherwise stated, references to the years 2014 and 2013 relate to our fiscal years ended May 31, 2014 and 2013, respectively.  References to future years also relate to our fiscal years ending May 31.

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Condensed Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Cash flows from operating activities:
Net income (loss)	$ 23.1	$ (33.3)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	63.9	73.0
Provision for doubtful accounts, billing adjustments and sales allowances	3.8	3.0
Deferred income taxes	(4.6)	10.8
Non-cash (gain) loss on foreign currency	(15.4)	(4.2)
Non-cash interest	7.0	5.3
Non-cash loss on extinguishment of debt	0.7
Equity-based compensation expense	2.6	1.3
Other	(0.9)
Changes in operating assets and liabilities (net of effects of acquisitions):
Prepaid expenses and other assets	6.4	3.3
Accounts receivable, net	83.9	54.7
Income tax receivable/payable	7.9	21.6
Deferred revenue	(99.7)	(52.7)
Accounts payable, accrued expenses and other liabilities	(1.2)	(56.6)
Net cash provided by operating activities	77.5	26.2
Cash flows from investing activities:
Acquisitions, net of cash acquired	(0.3)	(39.6)
Change in restricted cash	(1.6)	0.4
Purchases of property, equipment and software	(8.4)	(10.3)
Net cash used in investing activities	(10.3)	(49.5)
Cash flows from financing activities:
Loans to stockholders		(2.8)
Payments on capital lease obligations	(0.6)	(0.2)
Proceeds from issuance of debt	937.7
Payments on long-term debt	(933.5)	(22.7)
Deferred financing fees	(11.9)
Net cash provided by (used in) financing activities	(8.3)	(25.7)
Effect of exchange rate changes on cash and cash equivalents	0.2	6.2
Net increase (decrease) in cash and cash equivalents	59.1	(42.8)
Cash and cash equivalents at the beginning of the period	421.9	384.4
Cash and cash equivalents at the end of the period	481.0	341.6
Supplemental disclosure of non-cash investing and financing activities
Assets acquired in acquisitions, net of cash acquired		50.8
Liabilities assumed in acquisitions		$ 11.2

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Summary of Significant Accounting Policies

3 Months Ended

Aug. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

A detailed description of our significant accounting policies can be found in our financial statements for our fiscal year ended May 31, 2013, which are included in the Annual Report on Form 10-K that we filed with the SEC on August 2, 2013. The following Notes should be read in conjunction with such policies and other disclosures contained therein. 

Revenue Recognition  

We generate revenues primarily by licensing software, providing product updates and support and providing consulting services to our customers. We record revenues in accordance with the guidance provided by ASC 985-605, Software—Revenue Recognition, ASC 605, Revenue Recognition, as well as Technical Practice Aids issued from time to time by the American Institute of Certified Public Accountants. Revenue is recorded net of applicable taxes.  

Our license fees are primarily from sales of perpetual software licenses granting customers use of our software products and access to software products through our Software-as-a-Service (SaaS) offering. License fees are recognized when the following criteria are met: 1) there is persuasive evidence of an arrangement, 2) the software product has been delivered, 3) the fees are fixed or determinable, and 4) collectability is reasonably assured. SaaS revenue is recognized over the committed service period once the services commence. SaaS revenues are included in software license fees and subscriptions revenues in our Condensed Consolidated Statements of Operations and were approximately $14.7 million and  $10.6 million in the first quarter of fiscal 2014 and 2013, respectively.

Allowances for Doubtful Accounts, Cancellations and Billing Adjustments

We have established an allowance for estimated billing adjustments and an allowance for estimated amounts that will not be collected. We record provisions for billing adjustments as a reduction of revenue and provisions for doubtful accounts as a component of general and administrative expense in our Condensed Consolidated Statements of Operations. We review specific accounts, including significant accounts with balances past due over 90 days, for collectability based on circumstances known at the date of the financial statements. In addition, we maintain reserves based on historical billing adjustments and write-offs. These estimates are reviewed periodically and consider specific customer situations, historical experience and write-offs, customer credit-worthiness, current economic trends and changes in customer payment terms. A considerable amount of judgment is required in assessing these factors. If the factors utilized in determining the allowance do not reflect future performance, a change in the allowance would be necessary in the period such determination is made which would affect future results of operations. Accounts receivable are charged against the allowance when we determine it is probable the receivable will not be recovered.  

The following is a rollforward of our allowance for doubtful accounts: 

(in millions)
Balance, May 31, 2013	$	16.0
Provision		2.7
Write-offs and recoveries		(1.4)
Currency translation effect		(0.1)
Balance, August 31, 2013	$	17.2

Sales Allowances 

We do not generally provide a contractual right of return. However, in the course of arriving at practical business solutions to various claims arising from the sale of our products and delivery of our solutions, we have allowed for sales allowances. We record a provision against revenue for estimated sales allowances on license and consulting revenues in the same period the related revenues are recorded or when current information indicates additional allowances are required. These estimates are based on historical experience determined by analysis of claim activities, specifically identified customers and other known factors. If the historical data utilized does not reflect expected future performance, a change in the allowances would be recorded in the period such determination is made affecting current and future results of operations. The balance of our sales reserve is reflected in deferred revenue on our Condensed Consolidated Balance Sheets.

The following is a rollforward of our sales reserve:

(in millions)
Balance, May 31, 2013	$	10.7
Provision		1.1
Write-offs		(0.3)
Currency translation effect		0.1
Balance, August 31, 2013	$	11.6

Foreign Currency 

The functional currency of our foreign subsidiaries is typically the applicable local currency. The translation from the respective foreign currencies to United States Dollars (U.S. Dollar) is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for income statement accounts using a weighted average exchange rate during the period. Gains or losses resulting from such translation are included as a separate component of accumulated other comprehensive income. Gains or losses resulting from foreign currency transactions are included in foreign currency income or loss except for the effect of exchange rates on long-term inter-company transactions considered to be a long-term investment, which are accumulated and credited or charged to other comprehensive income.  

Transaction gains and losses are recognized in our results of operations based on the differencebetween the foreign exchange rates on the transaction date and on the reporting date. We recognized net foreign exchange gains of $15.4 million and $4.2 million for the three months ended August 31, 2013, and for the comparable three months ended August 31, 2012.  The foreign currency exchange gains and losses are included as a component of other (income) expense, net, in the accompanying Condensed Consolidated Statements of Operations.

Certain transaction gains and losses are generated from inter-company balances that are not considered to be long-term in nature that will be settled between subsidiaries. The inter-company balances are a result of normal transfer pricing transactions among various operating subsidiaries, as well as certain loans initiated between subsidiaries. The proceeds from these loans were primarily used to fund various acquisitions. We also recognize transaction gains and losses from revaluing debt denominated in Euros and held by subsidiaries whose functional currency is the U.S. Dollar. See Note 11, Debt. Unlike translation gains and losses which occur by revaluing a subsidiary’s financial statements into our reporting currency, the transaction gains or losses recognized when revaluing this debt affects functional currency cash flows and is included in determining net income or loss for the period in which exchange rates change. Changes in exchange rates create unrealized gains and losses at each reporting date until the balances are settled and recognized in our results of operations. When the balances are settled, the unrealized gains and losses become realized.  

Adoption of New Accounting Pronouncements

None 

Recent Accounting Pronouncements — Not Yet Adopted 

In July 2013, the FASB issued guidance on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exist. This guidance requires an entity to present an unrecognized tax benefit as a reduction of a deferred tax asset for a net operating loss carryforward, or similar tax loss or tax credit carryforward, rather than as a liability when the uncertain tax position would reduce the net operating loss or other carryforward under the tax law of the applicable jurisdiction and the entity intends to use the deferred tax asset for that purpose. This guidance is effective for interim or annual periods beginning after December 15, 2013 (our fiscal 2015). Early adoption and retrospective application are permitted. We are currently evaluating how the adoption of this guidance will affect our presentation of unrecognized tax benefits and the impact it may have on our financial position, results of operations or cash flows.

In March 2013, the FASB amended existing guidance on foreign currency matters relating to the releasing of cumulative translation adjustments to net income when an entity ceases to have a controlling financial interest in a subsidiary or business within a foreign entity. According to this guidance, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided, or, if a controlling financial interest is no longer held. This revised guidance is effective on a prospective basis for fiscal years beginning after December 15, 2013 (our fiscal 2015), with early adoption permitted. We are currently evaluating how the adoption of this guidance will affect our accounting for such derecognition transactions and the impact it may have on our financial position, results of operations or cash flows.

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Fair Value

3 Months Ended

Aug. 31, 2013

Fair Value [Abstract]

Fair Value

5. Fair Value  

Fair Value Hierarchy 

The FASB has established guidance on financial assets and liabilities and nonfinancial assets and liabilities that are recognized at fair value on a recurring basis and guidance for nonfinancial asset and liabilities that are recognized at fair value on a nonrecurring basis. This guidance defines fair value and establishes a framework for measuring fair value. Fair value is defined as an “exit price” which represents the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in valuing an asset or liability. The above mentioned guidance also requires the use of valuation techniques to measure fair values that maximize the use of observable inputs and minimize the use of unobservable inputs. As a basis for considering such assumptions and inputs, the guidance establishes a fair value hierarchy which identifies and prioritizes three levels of inputs to be used in measuring fair value.

The three levels of the fair value hierarchy are as follows: 

Level 1	—	Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2	—	Inputs other than the quoted prices in active markets that are observable either directly or indirectly including: quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
Level 3	—	Unobservable inputs that are supported by little or no market data, are significant to the fair values of the assets or liabilities, and require the reporting entity to develop its own assumptions.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. In addition, the fair value of liabilities should include consideration of non-performance risk including the Company’s own credit risk.  

We measure certain financial assets and liabilities at fair value including our cash equivalents. The following table summarizes the fair value of our financial assets and liabilities that were accounted for at fair value on a recurring basis, by level within the fair value hierarchy, as of August 31, 2013, and May 31, 2013:

		August 31, 2013
		Fair Value Measurements Using Inputs Considered as
(in millions)		Level 1		Level 2		Level 3		Fair Value
Liabilities
Contingent consideration	$	-	$	-	$	12.0	$	12.0
Total	$	-	$	-	$	12.0	$	12.0

		May 31, 2013
		Fair Value Measurements Using Inputs Considered as
(in millions)		Level 1		Level 2		Level 3		Fair Value
Liabilities
Contingent consideration	$	-	$	-	$	13.2	$	13.2
Total	$	-	$	-	$	13.2	$	13.2

Contingent consideration relates to certain of our fiscal 2013 acquisitions. The estimated fair value of the contingent consideration was based primarily on our estimates of meeting the applicable contingency conditions over the years following the acquisition as per the terms of the applicable purchase agreements. These include estimates of revenue growth rates and our assessment of the probability of meeting such results, with the probability-weighted earn-out then discounted to estimate fair value. As these are unobservable inputs, the contingent consideration is included in Level 3 inputs. The contingent consideration liabilities are included in accrued expenses and other long-term liabilities on our Condensed Consolidated Balance Sheets.  In future periods, we will remeasure the estimated fair value of the contingent consideration and will include any change in the related liability in acquisition related and other costs in our Consolidated Statements of Operations.  See Note 3, Acquisitions.

We have had no transfers of assets/liabilities into or out of Levels 1, 2 or 3 during fiscal 2014 or fiscal 2013.  The following table reconciles the change in our Level 3 assets/liabilities for the first three months of fiscal 2014:

		Fair  Value
		Measurements Using
		Significant
		Unobservable Inputs
(in millions)		Level 3
Balance, May 31, 2013	$	13.2
Total gain recorded in earnings		(1.2)
Balance, August 31, 2013	$	12.0

In addition to the financial assets and liabilities included in the above table, certain nonfinancial assets and liabilities are to be measured at fair value on a nonrecurring basis in accordance with applicable GAAP. This includes items such as nonfinancial assets and liabilities initially measured at fair value in a business combination (but not measured at fair value in subsequent periods) and nonfinancial long-lived asset groups measured at fair value for an impairment assessment. In general, non-financial assets including goodwill, other intangible assets and property and equipment are measured at fair value when there is an indication of impairment and are recorded at fair value only when any impairment is recognized. As of August 31, 2013, we had not recorded any impairment related to such assets and had no other material nonfinancial assets or liabilities requiring adjustments or write-downs to their current fair value.

We elected not to apply the FASB guidance, as allowed, related to the fair value option for financial assets and liabilities to any of our currently eligible financial assets or liabilities. As of August 31, 2013, our material financial assets and liabilities not carried at fair value include accounts receivable, accounts payable and long-term debt, which are recorded at their current carrying values.

Fair Value of Financial Instruments 

As of August 31, 2013,  and May 31, 2013, the current carrying amount of our financial instruments including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are deemed to approximate fair value due to their short periods to maturity. 

Fair Value of Long-Term Debt 

To estimate fair value of our long-term debt for disclosure purposes,  we used recent market transactions and related market quotes of our long-term debt’s August 31, 2013 bid and ask pricing (Level 2 on the fair value hierarchy). At August 31, 2013, and May 31, 2013, the total carrying value of our long-term debt was approximately $5.3 billion and $5.3 billion, respectively, and the estimated fair value of our long-term debt was approximately $5.6 billion and $5.6 billion, respectively.

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Segment And Geographic Information (Schedule Of Revenues By Country) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 650.3	$ 631.8
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	332.6	310.8
All other countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 317.7	$ 321.0

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Acquisitions

3 Months Ended

Aug. 31, 2013

Acquisitions [Abstract]

Acquisitions

3. Acquisitions

Fiscal 2014

In the first three months of fiscal 2014, we did not complete any acquisitions.

Fiscal 2013 

In fiscal 2013, we made five acquisitions for a combined purchase price of $119.7 million, net of cash acquired, to expand our product and service offerings in our targeted verticals, primarily manufacturing and distribution, and our HCM and CRM horizontal offerings,two of which were completed in the first three months of fiscal 2013. We have included the results of the acquired companies in our Condensed Consolidated Financial Statements from the applicable acquisition dates. These acquisitions were not significant individually or in the aggregate and their results were not material to our results for the three months ended August 31, 2013, or the comparable period ended August 31, 2012. 

The purchase consideration related to certain of these acquisitions is subject to post-closing adjustments and may include additional contingent cash consideration payable to the sellers if specific future performance conditions are met as detailed in the applicable purchase agreements.  We have estimated the fair value of the contingent consideration to be $12.0 million and $13.2 million as of August 31, 2013, and May 31, 2013, respectively.  The change in the estimated fair value of the contingent consideration, during the contingency period through settlement, is recorded in our results of operations in the period of such change and is included in acquisition related and other costs in our Consolidated Statements of Operations.  The potential undiscounted amount of future payments that we may be required to make related to the contingent consideration is between $0.0 and approximately $54.2 million.  In addition, we have received and/or estimated that we are due post-closing adjustments of approximately $0.9 million as of August 31, 2013.  The original fair value of the contingent consideration of $14.6million, as estimated at the applicable acquisition dates, along with the post-closing adjustments are reflected in the combined purchase price stated above.

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Nature of Business and Basis of Presentation (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013 segment	Aug. 31, 2012
Nature of Business and Basis of Presentation [Abstract]
Reclassification from Cash flows from financing activities to Cash flows from operating activities		$ 2.8
Number of Reportable Segments	3

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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Aug. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Rollforward of Allowance for Doubtful Accounts

(in millions)
Balance, May 31, 2013	$	16.0
Provision		2.7
Write-offs and recoveries		(1.4)
Currency translation effect		(0.1)
Balance, August 31, 2013	$	17.2

Rollforward of Sales Reserve

(in millions)
Balance, May 31, 2013	$	10.7
Provision		1.1
Write-offs		(0.3)
Currency translation effect		0.1
Balance, August 31, 2013	$	11.6

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Intangible Assets (Tables)

3 Months Ended

Aug. 31, 2013

Intangible Assets [Abstract]

Schedule of intangible assets subject to amortization

		August 31, 2013						May 31, 2013
		Gross						Gross					Estimated
		Carrying		Accumulated				Carrying		Accumulated			Useful Lives
(in millions)		Amounts		Amortization		Net		Amounts		Amortization		Net	(in years)
Customer contracts
and relationships	$	1,781.0	$	984.1	$	796.9	$	1,776.0	$	942.7	$	833.3	2 - 15
Acquired and
developed technology		1,015.9		792.3		223.6		1,011.7		771.4		240.3	2 - 10
Tradenames		136.1		124.2		11.9		135.6		121.5		14.1	1 - 20
Total	$	2,933.0	$	1,900.6	$	1,032.4	$	2,923.3	$	1,835.6	$	1,087.7

Finite-lived Intangible Assets Amortization Expense [Table Text Block]

The following table presents amortization expense recognized in our Condensed Consolidated Statements of Operations, by asset type, for the periods indicated:

		Three Months Ended
		August 31,
(in millions)		2013		2012
Customer contracts and relationships	$	37.6	$	40.4
Acquired and developed technology		17.4		23.2
Tradenames		2.3		2.5
Total	$	57.3	$	66.1

Schedule of estimated future amortization expense related to intangible assets

(in millions)
Fiscal 2014 (remaining 9 months)	$	171.1
Fiscal 2015		203.0
Fiscal 2016		178.7
Fiscal 2017		131.0
Fiscal 2018		80.8
Fiscal 2019		69.8
Thereafter		198.0
Total	$	1,032.4

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Segment And Geographic Information (Summary Of Revenue By Geographic Region) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Software license fees and subscriptions	$ 105.6	$ 100.8
Product updates and support fees	365.0	357.1
Software revenues	470.6	457.9
Consulting services and other fees	179.7	173.9
Total revenues	650.3	631.8
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Software license fees and subscriptions	67.5	58.6
Product updates and support fees	224.7	219.2
Software revenues	292.2	277.8
Consulting services and other fees	86.6	85.5
Total revenues	378.8	363.3
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Software license fees and subscriptions	28.6	33.6
Product updates and support fees	110.7	106.7
Software revenues	139.3	140.3
Consulting services and other fees	75.7	69.1
Total revenues	215.0	209.4
APAC [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Software license fees and subscriptions	9.5	8.6
Product updates and support fees	29.6	31.2
Software revenues	39.1	39.8
Consulting services and other fees	17.4	19.3
Total revenues	$ 56.5	$ 59.1

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Income Taxes (Tables)

3 Months Ended

Aug. 31, 2013

Income Taxes [Abstract]

Schedule of income tax benefit and overall effective tax rates

		Three Months Ended
		August 31,
(in millions, except percentages)		2013			2012
Income tax provision	$	5.8		$	29.4
Effective income tax rate		20.1	%		(753.8)	%

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Segment And Geographic Information (Schedule Of Reconciliation Of Revenue And Operating Profit From Segments To Consolidated) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013		Aug. 31, 2012
Segment Reporting Information [Line Items]
Total revenues	$ 650.3		$ 631.8
Reportable segment sales margin	345.2		338.2
Other unallocated costs and operating expenses	165.9	[1]	159.6	[1]
Amortization of intangible assets and depreciation	63.9		73.0
Restructuring costs	2.2		5.5
Income from operations	113.2		100.1
Total other expense, net	84.3		104.0
Income (loss) before income tax	28.9		(3.9)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	652.8		638.6
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Purchase Accounting Adjustments Fair Value Revenues	$ (2.5)	[2]	$ (6.8)	[2]

[1] Other unallocated costs and operating expenses include certain sales and marketing expenses, research and development, general and administrative, acquisition related and other costs, as well as adjustments for deferred costs recognized related to acquired deferred revenue.

[2] Adjustments to decrease reportable segment revenue for revenue that we would have recognized had we not adjusted acquired deferred revenue as required by GAAP.

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Equity-Based Compensation (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Aug. 31, 2013	Aug. 31, 2012	May 31, 2013	May 31, 2012
Expected term (in years)				1 year 3 months
Risk-free interest rate				0.22%
Expected dividend yield				0.00%
Expected volatility				75.00%
Stock granted during period	0		0
Incremental equity compensation expense related to modifications	$ 1.3
Allocated equity-based compensation expense	2.6	1.3
Selling and Marketing Expense [Member]
Allocated equity-based compensation expense	1.1	0.3
Research and Development Expense [Member]
Allocated equity-based compensation expense	0.9	0.3
General and Administrative Expense [Member]
Allocated equity-based compensation expense	$ 0.6	$ 0.7

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Accounts Receivable, Net (Details) (USD $) In Millions, unless otherwise specified	Aug. 31, 2013	May 31, 2013
Accounts Receivable, Net [Abstract]
Accounts receivable	$ 287.4	$ 368.9
Unbilled accounts receivable	50.6	54.3
Less: allowance for doubtful accounts	(17.2)	(16.0)
Accounts receivable, net	$ 320.8	$ 407.2

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Acquisitions (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Aug. 31, 2013 entity	Aug. 31, 2012 entity	May 31, 2013 entity
Business Acquisition [Line Items]
Number of Businesses Acquired	0	2	5
Fiscal 2013 [Member]
Business Acquisition [Line Items]
Combined purchase price, net of cash acquired	$ 119.7
Contingent consideration - Fair value	12.0		13.2
Original Fair Value of Contingent Consideration at Acquisition Date	14.6
Contingent consideration - Minimum payout	0
Contingent consideration - Maximum payout	54.2
Purchase price adjustments	$ 0.9

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Aug. 31, 2013	May 31, 2013
Condensed Consolidated Balance Sheets [Abstract]
Common Stock, Par Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000	1,000
Common Stock, Shares Issued	1,000	1,000
Common Stock, Shares Outstanding	1,000	1,000

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Accrued Expenses

3 Months Ended

Aug. 31, 2013

Accrued Expenses [Abstract]

Accrued Expenses

8. Accrued Expenses 

Accrued expenses consisted of the following for the periods indicated:

		August 31,		May 31,
(in millions)		2013		2013
Accrued compensation and employee benefits	$	135.6	$	159.4
Accrued taxes other than income		16.0		27.2
Accrued royalties and partner commissions		28.8		44.1
Accrued litigation		9.8		12.0
Accrued professional fees		9.1		7.2
Accrued subcontractor expense		5.4		6.4
Accrued interest		94.3		45.8
Accrued restructuring		10.7		15.0
Accrued retirement obligation		7.8		7.7
Deferred rent		12.7		9.5
Accrued other		29.0		32.1
Accrued expenses	$	359.2	$	366.4

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Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Condensed Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net income (loss)	$ 23.1	$ (33.3)
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax	(20.2)	62.7
Defined benefit plan funding status, net of tax	(0.1)	(0.3)
Total other comprehensive income (loss)	(20.3)	62.4
Comprehensive income (loss)	$ 2.8	$ 29.1

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Restructuring Charges by Segment (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 2.2	$ 5.5
License [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0.7	(0.3)
Maintenance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	(0.3)	(0.3)
Consulting [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	1.2	0.1
General and administrative and other functions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 0.6	$ 6.0

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Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Aug. 31, 2013	May 31, 2013
Current assets:
Cash and cash equivalents	$ 481.0	$ 421.9
Accounts receivable, net	320.8	407.2
Prepaid expenses	107.4	108.5
Income tax receivable	34.8	32.5
Other current assets	16.3	18.6
Deferred tax assets	38.1	38.1
Total current assets	998.4	1,026.8
Property and equipment, net	73.9	71.3
Intangible assets, net	1,032.4	1,087.7
Goodwill	4,146.6	4,139.8
Deferred tax assets	83.8	87.8
Other assets	34.1	36.6
Deferred financing fees, net	146.0	141.1
Total assets	6,515.2	6,591.1
Current liabilities:
Accounts payable	49.2	40.6
Income taxes payable	34.3	28.7
Accrued expenses	359.2	366.4
Deferred tax liabilities	4.2	4.3
Deferred revenue	832.8	927.7
Current portion of long-term obligations	22.3	91.2
Total current liabilities	1,302.0	1,458.9
Long-term debt	5,320.0	5,232.9
Deferred tax liabilities	225.5	231.0
Other long-term liabilities	223.4	232.2
Total liabilities	7,070.9	7,155.0
Commitments and contingencies (Note 14)
Stockholders' deficit
Common stock, $0.01 par value; 1,000 shares authorized; 1000 shares issued and outstanding at August 31, 2013 and May 31, 2013
Additional paid-in capital	1,250.3	1,247.6
Receivable from stockholders	(27.4)	(30.1)
Accumulated other comprehensive income	69.7	90.0
Accumulated deficit	(1,848.3)	(1,871.4)
Total stockholders' deficit	(555.7)	(563.9)
Total liabilities and stockholders' deficit	$ 6,515.2	$ 6,591.1

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Intangible Assets (Schedule of Intangible Assets Subject to Amortization) (Details) (USD $) In Millions, unless otherwise specified									3 Months Ended
	Aug. 31, 2013	May 31, 2013	Aug. 31, 2013 Customer Contracts and Relationships [Member]	May 31, 2013 Customer Contracts and Relationships [Member]	Aug. 31, 2013 Acquired and Developed Technology [Member]	May 31, 2013 Acquired and Developed Technology [Member]	Aug. 31, 2013 Tradenames [Member]	May 31, 2013 Tradenames [Member]	Aug. 31, 2013 Minimum [Member] Customer Contracts and Relationships [Member]	Aug. 31, 2013 Minimum [Member] Acquired and Developed Technology [Member]	Aug. 31, 2013 Minimum [Member] Tradenames [Member]	Aug. 31, 2013 Maximum [Member] Customer Contracts and Relationships [Member]	Aug. 31, 2013 Maximum [Member] Acquired and Developed Technology [Member]	Aug. 31, 2013 Maximum [Member] Tradenames [Member]
Gross carrying amounts	$ 2,933.0	$ 2,923.3	$ 1,781.0	$ 1,776.0	$ 1,015.9	$ 1,011.7	$ 136.1	$ 135.6
Accumulated amortization	1,900.6	1,835.6	984.1	942.7	792.3	771.4	124.2	121.5
Total	$ 1,032.4	$ 1,087.7	$ 796.9	$ 833.3	$ 223.6	$ 240.3	$ 11.9	$ 14.1
Estimated useful lives (in years)									2 years	2 years	1 year	15 years	10 years	20 years

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Supplemental Guarantor Financial Information (Condensed Consolidating Statements of Operations) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013		Aug. 31, 2012
Revenues:
Software license fees and subscriptions	$ 105.6		$ 100.8
Product updates and support fees	365.0		357.1
Software revenues	470.6		457.9
Consulting services and other fees	179.7		173.9
Total revenues	650.3		631.8
Operating expenses:
Cost of software license fees and subscriptions	17.7	[1]	17.6	[1]
Cost of product updates and support fees	62.4	[1]	62.3	[1]
Cost of consulting services and other fees	144.1	[1]	140.1	[1]
Sales and marketing	99.7		98.5
Research and development	89.9		82.7
General and administrative	47.3		50.1
Amortization of intangible assets and depreciation	63.9		73.0
Restructuring costs	2.2		5.5
Acquisition related and other costs	9.9		1.9
Total operating expenses	537.1		531.7
Income from operations	113.2		100.1
Other expense, net:
Interest expense, net	98.9		108.2
Loss on extinguishment of debt	0.7
Other (income) expense, net	(15.3)		(4.2)
Total other expense, net	84.3		104.0
Income (loss) before income tax	28.9		(3.9)
Income tax provision (benefit)	5.8		29.4
Net income (loss)	23.1		(33.3)
Infor, Inc. (Parent) [Member]
Other expense, net:
Income tax provision (benefit)			1.3
Equity in (earnings) loss of subsidiaries	(23.1)		32.0
Net income (loss)	23.1		(33.3)
Infor (US), Inc. (Subsidiary Issuer) [Member]
Revenues:
Software license fees and subscriptions	62.4		55.0
Product updates and support fees	203.0		196.7
Software revenues	265.4		251.7
Consulting services and other fees	71.9		69.0
Total revenues	337.3		320.7
Operating expenses:
Cost of software license fees and subscriptions	10.3		9.4
Cost of product updates and support fees	30.5		31.0
Cost of consulting services and other fees	55.5		54.6
Sales and marketing	47.1		45.1
Research and development	45.4		43.6
General and administrative	5.8		10.6
Amortization of intangible assets and depreciation	36.9		41.7
Restructuring costs	(0.3)		0.6
Acquisition related and other costs	10.8		(0.7)
Affiliate (income) expense, net	36.9		32.0
Total operating expenses	278.9		267.9
Income from operations	58.4		52.8
Other expense, net:
Interest expense, net	98.7		108.2
Affiliate interest (income) expense, net	(14.8)		(19.4)
Loss on extinguishment of debt	0.7
Other (income) expense, net	4.5		8.4
Total other expense, net	89.1		97.2
Income (loss) before income tax	(30.7)		(44.4)
Income tax provision (benefit)	(6.7)		8.2
Equity in (earnings) loss of subsidiaries	(47.1)		(20.6)
Net income (loss)	23.1		(32.0)
Guarantor Subsidiaries [Member]
Revenues:
Software license fees and subscriptions	1.3		1.2
Product updates and support fees	7.3		7.1
Software revenues	8.6		8.3
Consulting services and other fees	2.9		2.9
Total revenues	11.5		11.2
Operating expenses:
Cost of software license fees and subscriptions	1.0		1.1
Cost of product updates and support fees	0.9		0.5
Cost of consulting services and other fees	2.3		2.6
Sales and marketing	6.8		3.0
Research and development	2.2		0.1
General and administrative	27.3		23.7
Amortization of intangible assets and depreciation	3.0		3.7
Restructuring costs	0.2		0.1
Acquisition related and other costs			2.6
Affiliate (income) expense, net	(36.4)		(33.2)
Total operating expenses	7.3		4.2
Income from operations	4.2		7.0
Other expense, net:
Other (income) expense, net	(0.1)		0.3
Total other expense, net	(0.1)		0.3
Income (loss) before income tax	4.3		6.7
Income tax provision (benefit)	0.9		2.0
Net income (loss)	3.4		4.7
Non-Guarantor Subsidiaries [Member]
Revenues:
Software license fees and subscriptions	41.9		44.6
Product updates and support fees	154.7		153.3
Software revenues	196.6		197.9
Consulting services and other fees	104.9		102.0
Total revenues	301.5		299.9
Operating expenses:
Cost of software license fees and subscriptions	6.2		7.0
Cost of product updates and support fees	29.7		29.8
Cost of consulting services and other fees	84.0		81.0
Sales and marketing	44.4		49.2
Research and development	39.6		37.0
General and administrative	22.1		22.0
Amortization of intangible assets and depreciation	24.0		27.6
Restructuring costs	2.3		4.8
Acquisition related and other costs	(0.9)
Affiliate (income) expense, net	(0.5)		1.2
Total operating expenses	250.9		259.6
Income from operations	50.6		40.3
Other expense, net:
Interest expense, net	0.2
Affiliate interest (income) expense, net	14.8		19.4
Other (income) expense, net	(19.7)		(12.9)
Total other expense, net	(4.7)		6.5
Income (loss) before income tax	55.3		33.8
Income tax provision (benefit)	11.6		17.9
Net income (loss)	43.7		15.9
Eliminations [Member]
Operating expenses:
Cost of software license fees and subscriptions	0.2		0.1
Cost of product updates and support fees	1.3		1.0
Cost of consulting services and other fees	2.3		1.9
Sales and marketing	1.4		1.2
Research and development	2.7		2.0
General and administrative	(7.9)		(6.2)
Other expense, net:
Equity in (earnings) loss of subsidiaries	70.2		(11.4)
Net income (loss)	$ (70.2)		$ 11.4

[1] Excludes depreciation and amortization of intangible assets which are separately stated below

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Related Party Transactions (Golden Gate Capital) (Details) (Golden Gate Capital [Member], USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Golden Gate Capital [Member]
Related Party Transactions [Line Items]
Related party management fees & expenses	$ 1.5	$ 1.4
Related party management fee unpaid	0.3
Related party revenue	0.3	0.5
Payments to related party affiliates	$ 0	$ 0.3

XML

Goodwill (Tables)

3 Months Ended

Aug. 31, 2013

Goodwill [Abstract]

Schedule of goodwill by reportable segment

(in millions)		License		Maintenance		Consulting		Total
Balance, May 31, 2013	$	849.6	$	3,012.9	$	277.3	$	4,139.8
Currency translation effect		1.4		4.9		0.5		6.8
Balance, August 31, 2013	$	851.0	$	3,017.8	$	277.8	$	4,146.6

XML

Supplemental Guarantor Financial Information

3 Months Ended

Aug. 31, 2013

Supplemental Guarantor Financial Information [Abstract]

Supplemental Guarantor Financial Information

17. Supplemental Guarantor Financial Information

The 9.375%, 10.0% and 11.5% senior notes issued by Infor (US), Inc. are fully and unconditionally guaranteed except for certain customary automatic release provisions, jointly and severally, by Infor, Inc., its parent company, and substantially all of its existing and future 100% owned domestic subsidiaries (collectively the Guarantor Subsidiaries). See Note 11, Debt. Its other subsidiaries (collectively, the Non-Guarantor Subsidiaries) are not guarantors of our borrowings. The indentures governing the notes limit, among other things, the ability of Infor, Inc. and the Guarantor Subsidiaries to incur additional indebtedness; declare or pay dividends, redeem stock or make other distributions to stockholders; make investments; create liens or use assets as security in other transactions; merge or consolidate, or sell, transfer, lease or dispose of substantially all of our assets; enter into transactions with affiliates; and sell or transfer certain assets.

The following tables set forth requisite financial information of Infor, Infor (US), Inc., the Guarantor Subsidiaries and Non-Guarantor Subsidiaries including our Condensed Consolidating Balance Sheets as of August 31, 2013, and May 31, 2013, our Condensed Consolidating Statements of Operations and our Condensed Consolidating Statements of Comprehensive Income (Loss) for our fiscal quarters ended August 31, 2013 and  August 31, 2012, and our Condensed Consolidating Statements of Cash Flows for the three months ended August 31, 2013 and August 31, 2012.

During the third quarter of fiscal 2013, we restructured certain of our legal entities which altered the make-up of our Subsidiary Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries.  As a result of this reorganization of our legal structure, all financial information set forth below as of and for the periods ended August 31, 2013, and all prior periods presented have been retrospectively adjusted to, reflect our current organizational structure. 

During the third quarter of fiscal 2013, we identified and corrected an error in the manner in which we were classifying our affiliate receivables with Lux Bond Co.  Previously, the receivables were classified on our Consolidated Balance Sheets as other assets. Based upon our review of the nature of transactions that resulted in these receivables and our expectation as to the timing of the payments, we corrected our presentation of our affiliate receivables and reclassified the balance from other assets to receivable from stockholders on our Consolidated Balance Sheets as of May 31, 2013. The cash flows related to the affiliate receivables were also reclassified from operating activities to financing activities in our Consolidated Statement of Cash Flows. We have assessed the materiality of these revisions and concluded that they were not material to any of our previously issued financial statements. As permitted by applicable accounting guidance, we have presented revised cash flow information below for the fiscal quarter ended August 31, 2012.  

 Condensed Consolidating Balance Sheets  

		August 31, 2013
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	117.8	$	-	$	363.2	$	-	$	481.0
Accounts receivable, net		-		125.8		6.8		188.2		-		320.8
Prepaid expenses		-		47.8		15.9		43.7		-		107.4
Income tax receivable		0.1		18.1		0.5		16.1		-		34.8
Other current assets		-		1.6		-		14.7		-		16.3
Affiliate receivable		-		332.2		268.3		23.8		(624.3)		-
Deferred tax assets		-		18.9		2.8		16.5		(0.1)		38.1
Total current assets		0.1		662.2		294.3		666.2		(624.4)		998.4
Property and equipment, net		-		27.0		17.2		29.7		-		73.9
Intangible assets, net		-		648.0		12.2		372.2		-		1,032.4
Goodwill		-		2,240.6		62.7		1,843.3		-		4,146.6
Deferred tax assets		0.3		-		4.8		83.8		(5.1)		83.8
Other assets		-		6.5		7.7		19.9		-		34.1
Deferred financing fees, net		-		146.0		-		-		-		146.0
Affiliate receivable		-		1,067.1		1.3		118.6		(1,187.0)		-
Investment in subsidiaries		-		1,432.3		-		-		(1,432.3)		-
Total assets	$	0.4	$	6,229.7	$	400.2	$	3,133.7	$	(3,248.8)	$	6,515.2
LIABILITIES AND STOCKHOLDERS'
DEFICIT
Current liabilities:
Accounts payable	$	-	$	25.8	$	-	$	23.4	$	-	$	49.2
Income taxes payable		-		-		-		34.3		-		34.3
Accrued expenses		-		173.5		27.4		158.3		-		359.2
Deferred tax liabilities		0.1		-		-		4.2		(0.1)		4.2
Deferred revenue		-		503.8		15.4		313.6		-		832.8
Affiliate payable		29.4		290.3		225.2		79.4		(624.3)		-
Current portion of long-term obligations		-		22.3		-		-		-		22.3
Total current liabilities		29.5		1,015.7		268.0		613.2		(624.4)		1,302.0
Long-term debt		-		5,320.0		-		-		-		5,320.0
Deferred tax liabilities		-		177.3		-		53.3		(5.1)		225.5
Affiliate payable		58.5		119.4		0.4		1,008.7		(1,187.0)		-
Other long-term liabilities		-		65.4		8.4		149.6		-		223.4
Losses in excess of investment in subsidiaries		468.1		-		-		-		(468.1)		-
Total liabilities		556.1		6,697.8		276.8		1,824.8		(2,284.6)		7,070.9
Total stockholders' equity (deficit)		(555.7)		(468.1)		123.4		1,308.9		(964.2)		(555.7)
Total liabilities and stockholders' deficit	$	0.4	$	6,229.7	$	400.2	$	3,133.7	$	(3,248.8)	$	6,515.2

		May 31, 2013
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	89.5	$	-	$	332.4	$	-	$	421.9
Accounts receivable, net		-		161.3		6.2		239.7		-		407.2
Prepaid expenses		-		51.2		15.4		41.9		-		108.5
Income tax receivable		0.1		15.8		0.5		16.1		-		32.5
Other current assets		-		2.1		0.4		16.1		-		18.6
Affiliate receivable		-		314.7		222.1		47.3		(584.1)		-
Deferred tax assets		-		18.9		2.8		16.5		(0.1)		38.1
Total current assets		0.1		653.5		247.4		710.0		(584.2)		1,026.8
Property and equipment, net		-		24.6		17.5		29.2		-		71.3
Intangible assets, net		-		682.0		13.2		392.5		-		1,087.7
Goodwill		-		2,240.6		62.7		1,836.5		-		4,139.8
Deferred tax assets		0.2		-		5.8		87.8		(6.0)		87.8
Other assets		-		7.0		10.5		19.1		-		36.6
Deferred financing fees, net		-		141.1		-		-		-		141.1
Affiliate receivable		-		1,049.0		11.0		119.0		(1,179.0)		-
Investment in subsidiaries		-		1,404.8		-		-		(1,404.8)		-
Total assets	$	0.3	$	6,202.6	$	368.1	$	3,194.1	$	(3,174.0)	$	6,591.1
LIABILITIES AND STOCKHOLDERS'
DEFICIT
Current liabilities:
Accounts payable	$	-	$	19.0	$	-	$	21.6	$	-	$	40.6
Income taxes payable		-		0.3		-		28.4		-		28.7
Accrued expenses		-		150.2		30.0		186.2		-		366.4
Deferred tax liabilities		0.1		-		-		4.3		(0.1)		4.3
Deferred revenue		-		552.2		13.6		361.9		-		927.7
Affiliate payable		29.4		258.1		193.2		103.4		(584.1)		-
Current portion of long-term obligations		-		91.2		-		-		-		91.2
Total current liabilities		29.5		1,071.0		236.8		705.8		(584.2)		1,458.9
Long-term debt		-		5,232.9		-		-		-		5,232.9
Deferred tax liabilities		-		186.1		-		50.9		(6.0)		231.0
Affiliate payable		58.3		119.8		0.4		1,000.5		(1,179.0)		-
Other long-term liabilities		-		69.2		11.5		151.5		-		232.2
Losses in excess of investment in subsidiaries		476.4		-		-		-		(476.4)		-
Total liabilities		564.2		6,679.0		248.7		1,908.7		(2,245.6)		7,155.0
Total stockholders' equity (deficit)		(563.9)		(476.4)		119.4		1,285.4		(928.4)		(563.9)
Total liabilities and stockholders' deficit	$	0.3	$	6,202.6	$	368.1	$	3,194.1	$	(3,174.0)	$	6,591.1

Condensed Consolidating Statements of Operations  

		Three Months Ended August 31, 2013
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	62.4	$	1.3	$	41.9	$	-	$	105.6
Product updates and support fees		-		203.0		7.3		154.7		-		365.0
Software revenues		-		265.4		8.6		196.6		-		470.6
Consulting services and other fees		-		71.9		2.9		104.9		-		179.7
Total revenues		-		337.3		11.5		301.5		-		650.3
Operating expenses:
Cost of software license fees and subscriptions		-		10.3		1.0		6.2		0.2		17.7
Cost of product updates and support fees		-		30.5		0.9		29.7		1.3		62.4
Cost of consulting services and other fees		-		55.5		2.3		84.0		2.3		144.1
Sales and marketing		-		47.1		6.8		44.4		1.4		99.7
Research and development		-		45.4		2.2		39.6		2.7		89.9
General and administrative		-		5.8		27.3		22.1		(7.9)		47.3
Amortization of intangible assets and depreciation		-		36.9		3.0		24.0		-		63.9
Restructuring costs		-		(0.3)		0.2		2.3		-		2.2
Acquisition related and other costs		-		10.8		-		(0.9)		-		9.9
Affiliate (income) expense, net		-		36.9		(36.4)		(0.5)		-		-
Total operating expenses		-		278.9		7.3		250.9		-		537.1
Income from operations		-		58.4		4.2		50.6		-		113.2
Other expense, net:
Interest expense, net		-		98.7		-		0.2		-		98.9
Affiliate interest (income) expense, net		-		(14.8)		-		14.8		-		-
Loss on extinguishment of debt		-		0.7		-		-		-		0.7
Other (income) expense, net		-		4.5		(0.1)		(19.7)		-		(15.3)
Total other expense, net		-		89.1		(0.1)		(4.7)		-		84.3
Income (loss) before income tax		-		(30.7)		4.3		55.3		-		28.9
Income tax provision (benefit)		-		(6.7)		0.9		11.6		-		5.8
Equity in (earnings) loss of subsidiaries		(23.1)		(47.1)		-		-		70.2		-
Net income (loss)	$	23.1	$	23.1	$	3.4	$	43.7	$	(70.2)	$	23.1

		Three Months Ended August 31, 2012
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	55.0	$	1.2	$	44.6	$	-	$	100.8
Product updates and support fees		-		196.7		7.1		153.3		-		357.1
Software revenues		-		251.7		8.3		197.9		-		457.9
Consulting services and other fees		-		69.0		2.9		102.0		-		173.9
Total revenues		-		320.7		11.2		299.9		-		631.8
Operating expenses:
Cost of software license fees and subscriptions		-		9.4		1.1		7.0		0.1		17.6
Cost of product updates and support fees		-		31.0		0.5		29.8		1.0		62.3
Cost of consulting services and other fees		-		54.6		2.6		81.0		1.9		140.1
Sales and marketing		-		45.1		3.0		49.2		1.2		98.5
Research and development		-		43.6		0.1		37.0		2.0		82.7
General and administrative		-		10.6		23.7		22.0		(6.2)		50.1
Amortization of intangible assets and depreciation		-		41.7		3.7		27.6		-		73.0
Restructuring costs		-		0.6		0.1		4.8		-		5.5
Acquisition related and other costs		-		(0.7)		2.6		-		-		1.9
Affiliate (income) expense, net		-		32.0		(33.2)		1.2				-
Total operating expenses		-		267.9		4.2		259.6		-		531.7
Income (loss) from operations		-		52.8		7.0		40.3		-		100.1
Other expense, net:
Interest expense, net		-		108.2		-		-		-		108.2
Affiliate interest (income) expense, net		-		(19.4)		-		19.4		-		-
Loss on extinguishment of debt		-		-		-		-		-		-
Other (income) expense, net		-		8.4		0.3		(12.9)		-		(4.2)
Total other expense, net		-		97.2		0.3		6.5		-		104.0
Income (loss) before income tax		-		(44.4)		6.7		33.8		-		(3.9)
Income tax provision (benefit)		1.3		8.2		2.0		17.9		-		29.4
Equity in (earnings) loss of subsidiaries		32.0		(20.6)		-		-		(11.4)		-
Net income (loss)	$	(33.3)	$	(32.0)	$	4.7	$	15.9	$	11.4	$	(33.3)

Condensed Consolidating Statements of Comprehensive Income (Loss)  

		Three Months Ended August 31, 2013
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	23.1	$	23.1	$	3.4	$	43.7	$	(70.2)	$	23.1
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		(20.2)		-		(20.2)
Defined benefit plan funding status, net of tax		-		-		-		(0.1)		-		(0.1)
Total other comprehensive income (loss)		-		-		-		(20.3)		-		(20.3)
Comprehensive income (loss)	$	23.1	$	23.1	$	3.4	$	23.4	$	(70.2)	$	2.8

		Three Months Ended August 31, 2012
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(33.3)	$	(32.0)	$	4.7	$	15.9	$	11.4	$	(33.3)
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		62.7		-		62.7
Defined benefit plan funding status, net of tax		-		-		-		(0.3)		-		(0.3)
Total other comprehensive income (loss)		-		-		-		62.4		-		62.4
Comprehensive income (loss)	$	(33.3)	$	(32.0)	$	4.7	$	78.3	$	11.4	$	29.1

Condensed Consolidating Statements of Cash Flows

		Three Months Ended August 31, 2013
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	-	$	34.8	$	(7.8)	$	50.5	$	-	$	77.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		-		0.4		-		(0.7)		-		(0.3)
Change in restricted cash		-		-		-		(1.6)		-		(1.6)
Purchases of property, equipment and software		-		(5.3)		(1.8)		(1.3)		-		(8.4)
Net cash used in investing activities		-		(4.9)		(1.8)		(3.6)		-		(10.3)
Cash flows from financing activities:
Loans to stockholders		-		-		-		-		-		-
Payments on capital lease obligations		-		(0.1)		-		(0.5)		-		(0.6)
Proceeds from issuance of debt		-		937.7		-		-		-		937.7
Payments on long-term debt		-		(933.5)		-		-		-		(933.5)
(Payments) proceeds from affiliate within group		-		6.2		9.6		(15.8)		-		-
Deferred financing fees		-		(11.9)		-		-		-		(11.9)
Net cash provided by (used in) financing activities		-		(1.6)		9.6		(16.3)		-		(8.3)
Effect of exchange rate changes on cash and cash equivalents				-		-		0.2		-		0.2
Net increase (decrease) in cash and cash equivalents		-		28.3		-		30.8		-		59.1
Cash and cash equivalents at the beginning of the period		-		89.5		-		332.4		-		421.9
Cash and cash equivalents at the end of the period	$	-	$	117.8	$	-	$	363.2	$	-	$	481.0

		Three Months Ended August 31, 2012
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	-	$	26.3	$	3.5	$	(3.6)	$	-	$	26.2
Cash flows from investing activities:
Acquisitions, net of cash acquired		-		-		-		(39.6)		-		(39.6)
Change in restricted cash		-		-		-		0.4		-		0.4
Purchases of property, equipment and software		-		(5.9)		(3.4)		(1.0)		-		(10.3)
Net cash used in investing activities		-		(5.9)		(3.4)		(40.2)		-		(49.5)
Cash flows from financing activities:
Loans to stockholders		-		(2.8)		-		-		-		(2.8)
Payments on capital lease obligations		-		-		(0.1)		(0.1)		-		(0.2)
Proceeds from issuance of debt		-		-		-		-		-		-
Payments on long-term debt		-		(22.7)		-		-		-		(22.7)
(Payments) proceeds from affiliate within group		-		(34.6)		-		34.6		-		-
Deferred financing fees		-		-		-		-		-		-
Net cash provided by (used in) financing activities		-		(60.1)		(0.1)		34.5		-		(25.7)
Effect of exchange rate changes on cash and cash equivalents		-		-		-		6.2		-		6.2
Net increase (decrease) in cash and cash equivalents		-		(39.7)		-		(3.1)		-		(42.8)
Cash and cash equivalents at the beginning of the period		-		164.4		-		220.0		-		384.4
Cash and cash equivalents at the end of the period	$	-	$	124.7	$	-	$	216.9	$	-	$	341.6

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Summary of Significant Accounting Policies (Rollforward of Sales Reserve) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013
Summary of Significant Accounting Policies [Abstract]
Sales reserve, Beginning Balance	$ 10.7
Provision	1.1
Write-offs	(0.3)
Currency translation effect	0.1
Sales reserve, Ending Balance	$ 11.6

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Related Party Transactions (Due to Affiliate) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended			12 Months Ended
	Aug. 31, 2013	Aug. 31, 2013 Due to Affiliate [Member]	May 31, 2013 Due to Affiliate [Member]	May 31, 2013 Payment in Kind (PIK) Note [Member]
Related Party Transactions [Line Items]
Related party receivables		$ 27.4	$ 30.1
Interest paid by issuance of affiliate debt				18.2
Related party tax allocation	$ 2.7

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Accrued Expenses (Details) (USD $) In Millions, unless otherwise specified	Aug. 31, 2013	May 31, 2013
Accrued Expenses [Abstract]
Accrued compensation and employee benefits	$ 135.6	$ 159.4
Accrued taxes other than income	16.0	27.2
Accrued royalties and partner commissions	28.8	44.1
Accrued litigation	9.8	12.0
Accrued professional fees	9.1	7.2
Accrued subcontractor expense	5.4	6.4
Accrued interest	94.3	45.8
Accrued restructuring	10.7	15.0
Accrued retirement obligation	7.8	7.7
Deferred rent	12.7	9.5
Accrued other	29.0	32.1
Accrued expenses	$ 359.2	$ 366.4

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Income Taxes [Abstract]
Income tax provision	$ 5.8	$ 29.4
Effective income tax rate	20.10%	(753.80%)
Unrecognized tax benefits expected to reverse due to the expiration of statutes of limitation in various jurisdictions	17.6
Valuation allowance	$ 1.4

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Segment and Geographic Information (Tables)

3 Months Ended

Aug. 31, 2013

Segment and Geographic Information [Abstract]

Schedule of reportable segment information

(in millions, except percentages)		Reportable Segment
Three Months Ended		License		Maintenance		Consulting		Total
August 31, 2013
Revenues	$	106.9	$	365.5	$	180.4	$	652.8
Cost of revenues		15.8		62.4		144.3		222.5
Direct sales costs		85.1		-		-		85.1
Sales margin	$	6.0	$	303.1	$	36.1	$	345.2
Sales margin %		5.6%		82.9%		20.0%		52.9%

August 31, 2012
Revenues	$	105.6	$	357.7		175.3	$	638.6
Cost of revenues		15.2		62.3		140.5		218.0
Direct sales costs		82.4		-		-		82.4
Sales margin	$	8.0	$	295.4	$	34.8	$	338.2
Sales margin %		7.6%		82.6%		19.9%		53.0%

Schedule of reconciliation of revenue and operating profit from segments to consolidated

The following table presents a reconciliation of our reportable segment revenues, net of the reversal of purchase accounting revenue adjustments, and our reportable segment sales margin to total consolidated revenues and consolidated loss before income tax benefit for the periods indicated:  

		Three Months Ended
		August 31,
(in millions)		2013		2012
Reportable segment revenues	$	652.8	$	638.6
Purchase accounting revenue adjustments (1)		(2.5)		(6.8)
Total revenues	$	650.3	$	631.8
Reportable segment sales margin	$	345.2	$	338.2
Other unallocated costs and operating expenses (2)		165.9		159.6
Amortization of intangible assets and depreciation		63.9		73.0
Restructuring		2.2		5.5
Income from operations		113.2		100.1
Total other expense, net		84.3		104.0
Income (loss) before income tax	$	28.9	$	(3.9)

 

(1)Adjustments to decrease reportable segment revenue for revenue that we would have recognized had we not adjusted acquired deferred revenue as required by GAAP.

(2)Other unallocated costs and operating expenses include certain sales and marketing expenses, research and development, general and administrative, acquisition related and other costs, as well as adjustments for deferred costs recognized related to acquired deferred revenue.

Schedule of revenues by geographic areas

The following table presents our revenues summarized by geographic region, based on the location at which each sale originates, for the periods indicated: 

(in millions)		Geographic Region
Three Months Ended		Americas		EMEA		APAC		Total
August 31, 2013
Software license fees and subscriptions	$	67.5	$	28.6	$	9.5	$	105.6
Product updates and support fees		224.7		110.7		29.6		365.0
Software revenues		292.2		139.3		39.1		470.6
Consulting services and other fees		86.6		75.7		17.4		179.7
Total revenues	$	378.8	$	215.0	$	56.5	$	650.3

August 31, 2012
Software license fees and subscriptions	$	58.6	$	33.6	$	8.6	$	100.8
Product updates and support fees		219.2		106.7		31.2		357.1
Software revenues		277.8		140.3		39.8		457.9
Consulting services and other fees		85.5		69.1		19.3		173.9
Total revenues	$	363.3	$	209.4	$	59.1	$	631.8

Schedule long-lived assets by geographic areas

The following table presents our long-lived tangible assets, consisting of property and equipment net of accumulated depreciation, summarized by geographic region: 

		Geographic Region
(in millions)		Americas		EMEA		APAC		Total
August 31, 2013	$	44.9	$	25.8	$	3.2	$	73.9
May 31, 2013	$	42.9	$	25.0	$	3.4	$	71.3

Schedule of revenue by country

The following table sets forth our revenues by country for the periods indicated: 

		Three Months Ended
(in millions)		August 31,
Revenues		2013		2012
United States	$	332.6	$	310.8
All other countries		317.7		321.0
Total revenues	$	650.3	$	631.8

Schedule of long-lived assets by country

(in millions)		August 31,		May 31,
Long-Lived Tangible Assets		2013		2013
United States	$	44.1	$	42.1
Germany		9.9		9.7
All other countries		19.9		19.5
Total long-lived tangible assets	$	73.9	$	71.3

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Restructuring Charges (Tables)

3 Months Ended

Aug. 31, 2013

Restructuring Charges [Abstract]

Schedule of restructuring activity

						Adjustment to Costs										Total
		Balance						Foreign				Balance		Total Costs		Expected
		May 31,		Initial				Currency		Cash		August 31,		Recognized		Program
(in millions)		2013		Costs		Expense		Effect		Payments		2013		to Date		Costs
Fiscal 2014 restructuring
Severance	$	-	$	3.9	$	-	$	-	$	(1.7)	$	2.2	$	3.9	$	3.9
Total fiscal 2014 restructuring		-		3.9		-		-		(1.7)		2.2		3.9		3.9
Fiscal 2013 restructuring
Severance		7.9		-		(0.2)		0.1		(2.8)		5.0		14.6		14.6
Facilities and other		0.5		-		0.1		-		(0.3)		0.3		0.8		0.8
Total fiscal 2013 restructuring		8.4		-		(0.1)		0.1		(3.1)		5.3		15.4		15.4
Fiscal 2013 acquisition-related
Severance		0.6		-		0.1		-		(0.1)		0.6		0.9		0.9
Total fiscal 2013 acquisition-related		0.6		-		0.1		-		(0.1)		0.6		0.9		0.9
Previous restructuring
Severance		1.6		-		(0.1)		-		(0.5)		1.0		14.3		14.3
Facilities and other		0.1		-		-		-		-		0.1		1.4		1.4
Total previous restructuring		1.7		-		(0.1)		-		(0.5)		1.1		15.7		15.7
Previous acquisition-related
Severance		0.8		-		-		-		(0.2)		0.6		54.6		54.6
Facilities and other		6.4		-		(1.6)		-		(1.6)		3.2		22.7		22.7
Total previous acquisition-related		7.2		-		(1.6)		-		(1.8)		3.8		77.3		77.3
Total restructuring	$	17.9	$	3.9	$	(1.7)	$	0.1	$	(7.2)	$	13.0	$	113.2	$	113.2

Schedule of restructuring charges by segment

The following table summarizes the restructuring charges reflected in our results of operations for the periods indicated for each of our reportable segments including charges related to those functions not allocated to our segments.

		Three Months Ended
		August 31,
		2013		2012
(in millions)
License	$	0.7	$	(0.3)
Maintenance		(0.3)		(0.3)
Consulting		1.2		0.1
General and administrative and other functions		0.6		6.0
Total restructuring costs	$	2.2	$	5.5

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Debt (Tables)

3 Months Ended

Aug. 31, 2013

Debt [Abstract]

Schedule of long-term debt

		August 31, 2013				May 31, 2013
(in millions)		Amount	Effective Rate			Amount	Effective Rate
Infor first lien Term B-1 due October 5, 2016	$	-	-	%	$	340.0	5.750	%
Infor first lien Term B-2 due April 5, 2018		2,512.8	5.250	%		2,779.1	5.250	%
Infor first lien Term B-3 due June 3, 2020		479.8	3.750	%		-	-	%
Infor first lien Euro Term due April 5, 2018		-	-	%		321.7	6.750	%
Infor first lien Euro Term B due June 3, 2020		460.1	4.000	%		-	-	%
Infor 9.375% senior notes due April 1, 2019		1,015.0	9.375	%		1,015.0	9.375	%
Infor 10.0% senior notes due April 1, 2019		330.5	10.000	%		324.9	10.000	%
Infor 11.5% senior notes due July 15, 2018		560.0	11.500	%		560.0	11.500	%
Debt discounts		(15.9)				(16.6)
Total long-term debt		5,342.3				5,324.1
Less: current portion		22.3				91.2
Total long-term debt - non-current	$	5,320.0			$	5,232.9

Schedule of long-term debt maturities

(in millions)
Fiscal 2014 (remaining 9 months)	$	13.0
Fiscal 2015		37.4
Fiscal 2016		37.4
Fiscal 2017		37.4
Fiscal 2018		2,426.8
Fiscal 2019		1,914.9
Thereafter		891.3
Total	$	5,358.2

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Intangible Assets

3 Months Ended

Aug. 31, 2013

Intangible Assets [Abstract]

Intangible Assets

7. Intangible Assets

Our intangible assets subject to amortization were as follows for the periods indicated: 

		August 31, 2013						May 31, 2013
		Gross						Gross					Estimated
		Carrying		Accumulated				Carrying		Accumulated			Useful Lives
(in millions)		Amounts		Amortization		Net		Amounts		Amortization		Net	(in years)
Customer contracts
and relationships	$	1,781.0	$	984.1	$	796.9	$	1,776.0	$	942.7	$	833.3	2 - 15
Acquired and
developed technology		1,015.9		792.3		223.6		1,011.7		771.4		240.3	2 - 10
Tradenames		136.1		124.2		11.9		135.6		121.5		14.1	1 - 20
Total	$	2,933.0	$	1,900.6	$	1,032.4	$	2,923.3	$	1,835.6	$	1,087.7

The following table presents amortization expense recognized in our Condensed Consolidated Statements of Operations, by asset type, for the periods indicated:

		Three Months Ended
		August 31,
(in millions)		2013		2012
Customer contracts and relationships	$	37.6	$	40.4
Acquired and developed technology		17.4		23.2
Tradenames		2.3		2.5
Total	$	57.3	$	66.1

The estimated future annual amortization expense related to these intangible assets as of August 31, 2013, was as follows:  

(in millions)
Fiscal 2014 (remaining 9 months)	$	171.1
Fiscal 2015		203.0
Fiscal 2016		178.7
Fiscal 2017		131.0
Fiscal 2018		80.8
Fiscal 2019		69.8
Thereafter		198.0
Total	$	1,032.4

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Debt (Refinancing Amendment) (Details) In Millions, unless otherwise specified	3 Months Ended			3 Months Ended
	Aug. 31, 2013 Term B-2 due April 5, 2018 [Member] USD ($)	May 31, 2013 Term B-2 due April 5, 2018 [Member] USD ($)	Sep. 27, 2012 Term B due April 5, 2018 [Member] USD ($)	Aug. 31, 2013 Term B-3 due June 3, 2020 [Member] USD ($)	Aug. 31, 2013 Euro Term B due June 3, 2020 [Member] USD ($)	Aug. 31, 2013 Euro Term B due June 3, 2020 [Member] EUR (€)	Aug. 31, 2013 Base Rate [Member] Term B-2 due April 5, 2018 [Member]	Aug. 31, 2013 Base Rate [Member] Term B-3 due June 3, 2020 [Member]	Aug. 31, 2013 Base Rate [Member] Minimum [Member] Term B-3 due June 3, 2020 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Term B-2 due April 5, 2018 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Term B due April 5, 2018 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Term B-3 due June 3, 2020 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Euro Term B due June 3, 2020 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Minimum [Member] Term B-2 due April 5, 2018 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Minimum [Member] Term B-3 due June 3, 2020 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Minimum [Member] Euro Term B due June 3, 2020 [Member]
Debt Instrument [Line Items]
Date of original borrowings	Sep. 27, 2012			Jun. 03, 2013
Notes Payable to Bank	$ 2,512.8	$ 2,779.1	$ 2,763.0	$ 479.8	$ 460.1
Original amounts borrowed	2,793.1			483.0		350.0
Debt Instrument Interest Reference Rate Minimum LIBOR									2.00%					1.25%	1.00%	1.00%
Debt Instrument Early Prepayment Penalty	1.00%
Debt Instrument, Basis Spread on Variable Rate							3.00%	1.75%		4.00%	5.00%	2.75%	3.00%
Debt Instrument, Face Amount	2,793.1			483.0		350.0
Debt Instrument, Maturity Date	Apr. 05, 2018			Jun. 03, 2020	Jun. 03, 2020	Jun. 03, 2020
Debt instrument refi principal payment	$ 250.0

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Fair Value (Tables)

3 Months Ended

Aug. 31, 2013

Fair Value [Abstract]

Schedule of fair value

		August 31, 2013
		Fair Value Measurements Using Inputs Considered as
(in millions)		Level 1		Level 2		Level 3		Fair Value
Liabilities
Contingent consideration	$	-	$	-	$	12.0	$	12.0
Total	$	-	$	-	$	12.0	$	12.0

		May 31, 2013
		Fair Value Measurements Using Inputs Considered as
(in millions)		Level 1		Level 2		Level 3		Fair Value
Liabilities
Contingent consideration	$	-	$	-	$	13.2	$	13.2
Total	$	-	$	-	$	13.2	$	13.2

Reconciliation of Level 3 assets/liabilities

		Fair  Value
		Measurements Using
		Significant
		Unobservable Inputs
(in millions)		Level 3
Balance, May 31, 2013	$	13.2
Total gain recorded in earnings		(1.2)
Balance, August 31, 2013	$	12.0

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Summary of Significant Accounting Policies (SAAS and FX G/L) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Software license fees and subscriptions	$ 105.6	$ 100.8
Net foreign exchange gains (losses)	15.4	4.2
Software-as-a-Service ("SaaS") [Member]
Software license fees and subscriptions	$ 14.7	$ 10.6

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Restructuring Charges

3 Months Ended

Aug. 31, 2013

Restructuring Charges [Abstract]

Restructuring Charges

10. Restructuring Charges

We have recorded restructuring charges related to our acquisitions and in the ordinary course of business to eliminate redundancies, improve our operational efficiency and reduce our operating costs. These cost reduction measures included workforce reductions relating to restructuring our workforce, the exiting of certain leased facilities and the consolidation of space in certain other facilities. In accordance with applicable FASB guidance, our restructuring charges are broken down into acquisition related and other restructuring costs. These restructuring charges represent severance associated with redundant positions and costs related to redundant office locations. No business activities of the companies that we have acquired were discontinued. The employees terminated were typically from all functional areas of our operations.

Fiscal 2014 Restructuring Charges

We have incurred restructuring costs totaling $3.9 million during the first quarter of fiscal 2014 relating to employee severance costs primarily for personnel in our sales and professional services organizations.   We made cash payments of approximately $1.7 million during the first three months of fiscal 2014 related to these actions. We expect to complete the majority of these restructuring activities in the remainder of fiscal 2014.

Fiscal 2013 Restructuring Charges

During fiscal 2013, we incurred restructuring costs related to employee severance for personnel in product development and general and administrative functions and costs related to certain exited facilities.  In the first three months of fiscal 2014, we recorded restructuring cost reversals of $0.1 million related to these severance actions and exited facilities. We made cash payments of approximately $3.1 million during the first three months of fiscal 2014 related to these actions.  We completed the majority of these restructuring activities in fiscal 2013.

Fiscal 2013 Acquisition-Related Charges

During fiscal 2013, we incurred acquisition-related restructuring costs related to operations we acquired in fiscal 2013. These restructuring charges included costs related to employee severance and accruals for costs related to facilities exited during fiscal 2013.  In the first three months of fiscal 2014, we recognized $0.1 million in additional expensesrelated to these severance actions.  During the first three months of fiscal 2014, we made $0.1 million in cash payments related to these actions. We completed the majority of these restructuring activities in fiscal 2013.

Previous Restructuring Charges and Acquisition-Related Charges

Prior to fiscal 2013, we had completed a series of acquisitions as well as certain restructuring activities. In the first three months of fiscal 2014, we recorded restructuring cost reversals of $1.7 million related to these severance actions and exited facilities.  We made net cash payments of $2.3 million related to these previous actions. The remaining accruals associated with these prior restructuring charges relate primarily to lease obligations associated with the closure of redundant offices acquired in prior business combinations, as well as contractual payment obligations of severed employees. Actions related to these restructuring activities have been completed.

The following table sets forth the reserve activity related to our restructuring plans for the three-month period ended August 31, 2013.  The adjustments to costs in the tables below consists of adjustments to the accrual that were accounted for as an adjustment to current period earnings (Expense) or adjustments to the accrual that were related to the impact of fluctuations in foreign currency exchange rates (Foreign Currency Effect):

						Adjustment to Costs										Total
		Balance						Foreign				Balance		Total Costs		Expected
		May 31,		Initial				Currency		Cash		August 31,		Recognized		Program
(in millions)		2013		Costs		Expense		Effect		Payments		2013		to Date		Costs
Fiscal 2014 restructuring
Severance	$	-	$	3.9	$	-	$	-	$	(1.7)	$	2.2	$	3.9	$	3.9
Total fiscal 2014 restructuring		-		3.9		-		-		(1.7)		2.2		3.9		3.9
Fiscal 2013 restructuring
Severance		7.9		-		(0.2)		0.1		(2.8)		5.0		14.6		14.6
Facilities and other		0.5		-		0.1		-		(0.3)		0.3		0.8		0.8
Total fiscal 2013 restructuring		8.4		-		(0.1)		0.1		(3.1)		5.3		15.4		15.4
Fiscal 2013 acquisition-related
Severance		0.6		-		0.1		-		(0.1)		0.6		0.9		0.9
Total fiscal 2013 acquisition-related		0.6		-		0.1		-		(0.1)		0.6		0.9		0.9
Previous restructuring
Severance		1.6		-		(0.1)		-		(0.5)		1.0		14.3		14.3
Facilities and other		0.1		-		-		-		-		0.1		1.4		1.4
Total previous restructuring		1.7		-		(0.1)		-		(0.5)		1.1		15.7		15.7
Previous acquisition-related
Severance		0.8		-		-		-		(0.2)		0.6		54.6		54.6
Facilities and other		6.4		-		(1.6)		-		(1.6)		3.2		22.7		22.7
Total previous acquisition-related		7.2		-		(1.6)		-		(1.8)		3.8		77.3		77.3
Total restructuring	$	17.9	$	3.9	$	(1.7)	$	0.1	$	(7.2)	$	13.0	$	113.2	$	113.2

The remaining restructuring reserve accruals related to severance and current facilities costs are included in accrued expenses with the long-term facilities cost reserve included in other long-term liabilities on our Condensed Consolidated Balance Sheets.

The following table summarizes the restructuring charges reflected in our results of operations for the periods indicated for each of our reportable segments including charges related to those functions not allocated to our segments.

		Three Months Ended
		August 31,
		2013		2012
(in millions)
License	$	0.7	$	(0.3)
Maintenance		(0.3)		(0.3)
Consulting		1.2		0.1
General and administrative and other functions		0.6		6.0
Total restructuring costs	$	2.2	$	5.5

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Segment And Geographic Information (Schedule Of Long-Lived Tangible Assets By Country) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	May 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 73.9	$ 71.3
Minimum percent of revenues or long-lived assets for countries to be reflected induvidually in geographical information	10.00%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	44.1	42.1
Germany [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	9.9	9.7
All other countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 19.9	$ 19.5

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Accounts Receivable, Net

3 Months Ended

Aug. 31, 2013

Accounts Receivable, Net [Abstract]

Accounts Receivable, Net

6. Accounts Receivable, Net

Accounts receivable, net is comprised of the following for the periods indicated:

		August 31,		May 31,
(in millions)		2013		2013
Accounts receivable	$	287.4	$	368.9
Unbilled accounts receivable		50.6		54.3
Less:  allowance for doubtful accounts		(17.2)		(16.0)
Accounts receivable, net	$	320.8	$	407.2

Unbilled accounts receivable represents revenue recognized on contracts for which billings have not yet been presented to customers because the amounts were earned but not contractually billable as of the balance sheet date.

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Nature of Business and Basis of Presentation

3 Months Ended

Aug. 31, 2013

Nature of Business and Basis of Presentation [Abstract]

Nature of Business and Basis of Presentation

1. Nature of Business and Basis of Presentation

Infor, Inc. (Infor) is one of the largest providers of enterprise software and services in the world. We provide industry-specific and other enterprise software products and related services, primarily to large and medium-sized enterprises in the manufacturing, distribution, healthcare, public sector, automotive, service industries, equipment services, management and rental (ESM&R), consumer products and retail and hospitality industries. We serve a large, diverse and sophisticated customer base across three geographic regions: the Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific (APAC). Our software and services offerings are often “mission critical” for many of our customers as they help automate and integrate critical business processes, which enable our customers to better manage their suppliers, partners, customers and employees, as well as their business operations generally. Our industry-specific approach distinguishes us from larger competing enterprise software vendors, whose primary focus is on less specialized software programs that take more time and cost to tailor to target customers’ specific needs during periods of implementation and upgrade. We believe our products and services provide a lower relative total cost of ownership for customers than the offerings of larger competing vendors.

We specialize in and target specific industries, or verticals, and have industry-specific business units that leverage our industry-oriented products and teams. Augmenting our vertical-specific applications, we have horizontal software applications, including our customer relationship management (CRM), enterprise asset management (EAM), financial applications, human capital management (HCM), and supply chain management (SCM) suites which, in addition to our proprietary light-weight middleware solution ION^®, are integrated with our enterprise software applications and sold across different verticals. In addition to providing software products, we provide on-going support and maintenance services for our customers through our subscription-based annual maintenance and support programs. We also help our customers implement and use our applications more effectively through our consulting services.

Unless otherwise indicated or the context requires otherwise, hereafter any reference to Infor, we, our, us or the Company refers to Infor, Inc. and its consolidated subsidiaries.  

Basis of Presentation

Our Condensed Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP) as set forth in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) and consider the various staff accounting bulletins and other applicable guidance issued by the U.S. Securities and Exchange Commission (SEC). Our Condensed Consolidated Financial Statements include the accounts of Infor and our wholly owned and majority-owned subsidiaries operating in the Americas, EMEA and APAC. All significant intercompany accounts and transactions have been eliminated.

The unaudited Condensed Consolidated Financial Statements and Notes are presented as permitted by FASB requirements for quarterly reports and do not contain all the information and disclosures included in our annual financial statements and related notes as required by GAAP. The Condensed Consolidated Balance Sheet data as of May 31, 2013, and other amounts presented herein as of May 31, 2013, or for the year then ended, were derived from our audited financial statements.  The accompanying Condensed Combined Financial Statements reflect all adjustments, in the opinion of management, necessary to fairly state our financial position, results of operations and cash flows for the periods presented. These adjustments consist of normal and recurring items. The results of operations for our interim periods are not necessarily indicative of results to be achieved for any future interim period or for our full fiscal year. The accompanying interim Condensed Consolidated Financial Statements should be read in conjunction with our financial statements and related notes for the fiscal year ended May 31, 2013, included in our Annual Report on Form 10-K, filed with the SEC on August 2, 2013.  

Revision of Prior Period Financial Statements

During the third quarter of fiscal 2013, we identified and corrected an error in the manner in which we were classifying our affiliate receivables with Lux Bond Co, a subsidiary of IGS Intermediate Holdings and Infor’s immediate parent company, and presented our affiliate receivables as receivable from stockholders on our Consolidated Balance Sheets.  Previously, the receivables were classified as other assets. The cash flows related to the affiliate receivables were also reclassified from operating activities to financing activities in our Consolidated Statement of Cash Flows. In accordance with accounting guidance found in ASC 250-10 (SEC Staff Accounting Bulletin No. 99, Materiality), we assessed the materiality of these changes and concluded that they were not material to any of our previously issued financial statements. In accordance with accounting guidance found in ASC 250-10 (SEC Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), we revised our previously issued financial statements to correct the effect of the error in the current filing.  The revisions resulted in a $2.8 million reclassification from Cash flows from financing activitiesto Cash flows from operating activities in our Condensed Consolidated Statement of Cash Flows for the three-month period ended August 31, 2012.

Business Segments 

We view our operations and manage our business as three reportable segments: License, Maintenance, and Consulting. We determine our reportable operating segments in accordance with the provisions in the FASB guidance on segment reporting, which establishes standards for, and requires disclosure of, certain financial information related to reportable operating segments and geographic regions. Factors used to identify our reportable operating segments include the financial information regularly utilized for evaluation by our chief operating decision-maker (CODM) in making decisions about how to allocate resources and in assessing our performance. We have determined that our CODM, as defined by this segment reporting guidance, is our Chief Executive Officer.  See Note 15, Segment and Geographic Information.  

Use of Estimates

The preparation of financial statements in accordance with GAAP requires us to make certain estimates, judgments and assumptions. These estimates, judgments and assumptions are based upon information available to us at the time that they are made and are believed to be reliable. These estimates, judgments and assumptions can affect the reported amounts of our assets and liabilities as of the date of the financial statements as well as the reported amounts of our revenues and expenses during the periods presented. On an on-going basis we evaluate our estimates and assumptions, including, but not limited to, those related to revenue recognition, allowance for doubtful accounts and sales returns, fair value of equity-based compensation, fair value of acquired intangible assets and goodwill, useful lives of intangible assets and property and equipment, income taxes, restructuring obligations, contingencies and litigation, among others. We believe these estimates and assumptions are reasonable under the circumstances and they form a basis for making judgments about the carrying values of our assets and liabilities that are not readily apparent from other sources. Differences between these estimates, judgments or assumptions and actual results could materially impact our financial statements. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting among available alternatives would not produce a materially different result.

Fiscal Year

Our fiscal year is from June 1 through May 31. Unless otherwise stated, references to the years 2014 and 2013 relate to our fiscal years ended May 31, 2014 and 2013, respectively.  References to future years also relate to our fiscal years ending May 31.

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Intangible Assets (Schedule of Amortization Expense Recognized in Condensed Consolidated Statements of Operations by Asset Type) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Amortization of intangible assets	$ 57.3	$ 66.1
Customer Contracts and Relationships [Member]
Amortization of intangible assets	37.6	40.4
Acquired and Developed Technology [Member]
Amortization of intangible assets	17.4	23.2
Tradenames [Member]
Amortization of intangible assets	$ 2.3	$ 2.5

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Fair Value (Fair Value, By Balance Sheet Grouping) (Details) (USD $) In Millions, unless otherwise specified	Aug. 31, 2013	May 31, 2013
Contingent consideration	$ 12.0	$ 13.2
Liabilities, Total	12.0	13.2
Level 3 [Member]
Contingent consideration	12.0	13.2
Liabilities, Total	$ 12.0	$ 13.2

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Subsequent Events - Cash Flow Hedges (Details) (Interest Rate Swap [Member], Cash Flow Hedging [Member], USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount	$ 945.0
Derivative, Inception Date	Sep. 13, 2013
Derivative, Forward Effective Rate	Mar. 31, 2015
Derivative, Term of Contract	30 months
Derivative, Maturity Date	Sep. 29, 2017

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Accrued Expenses (Tables)

3 Months Ended

Aug. 31, 2013

Accrued Expenses [Abstract]

Schedule of accrued expenses

		August 31,		May 31,
(in millions)		2013		2013
Accrued compensation and employee benefits	$	135.6	$	159.4
Accrued taxes other than income		16.0		27.2
Accrued royalties and partner commissions		28.8		44.1
Accrued litigation		9.8		12.0
Accrued professional fees		9.1		7.2
Accrued subcontractor expense		5.4		6.4
Accrued interest		94.3		45.8
Accrued restructuring		10.7		15.0
Accrued retirement obligation		7.8		7.7
Deferred rent		12.7		9.5
Accrued other		29.0		32.1
Accrued expenses	$	359.2	$	366.4

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Supplemental Guarantor Financial Information (Condensed Consolidating Statements of Cash Flows) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Net cash provided (used in) by operating activities	$ 77.5	$ 26.2
Cash flows from investing activities:
Acquisitions, net of cash acquired	(0.3)	(39.6)
Change in restricted cash	(1.6)	0.4
Purchases of property, equipment and software	(8.4)	(10.3)
Net cash used in investing activities	(10.3)	(49.5)
Cash flows from financing activities:
Loans to stockholders		(2.8)
Payments on capital lease obligations	(0.6)	(0.2)
Proceeds from issuance of debt	937.7
Payments on long-term debt	(933.5)	(22.7)
Deferred financing fees	(11.9)
Net cash provided by (used in) financing activities	(8.3)	(25.7)
Effect of exchange rate changes on cash and cash equivalents	0.2	6.2
Net increase (decrease) in cash and cash equivalents	59.1	(42.8)
Cash and cash equivalents at the beginning of the period	421.9	384.4
Cash and cash equivalents at the end of the period	481.0	341.6
Infor (US), Inc. (Subsidiary Issuer) [Member]
Net cash provided (used in) by operating activities	34.8	26.3
Cash flows from investing activities:
Acquisitions, net of cash acquired	0.4
Purchases of property, equipment and software	(5.3)	(5.9)
Net cash used in investing activities	(4.9)	(5.9)
Cash flows from financing activities:
Loans to stockholders		(2.8)
Payments on capital lease obligations	(0.1)
Proceeds from issuance of debt	937.7
Payments on long-term debt	(933.5)	(22.7)
(Payments) proceeds from affiliate within group	6.2	(34.6)
Deferred financing fees	(11.9)
Net cash provided by (used in) financing activities	(1.6)	(60.1)
Net increase (decrease) in cash and cash equivalents	28.3	(39.7)
Cash and cash equivalents at the beginning of the period	89.5	164.4
Cash and cash equivalents at the end of the period	117.8	124.7
Guarantor Subsidiaries [Member]
Net cash provided (used in) by operating activities	(7.8)	3.5
Cash flows from investing activities:
Purchases of property, equipment and software	(1.8)	(3.4)
Net cash used in investing activities	(1.8)	(3.4)
Cash flows from financing activities:
Payments on capital lease obligations		(0.1)
(Payments) proceeds from affiliate within group	9.6
Net cash provided by (used in) financing activities	9.6	(0.1)
Non-Guarantor Subsidiaries [Member]
Net cash provided (used in) by operating activities	50.5	(3.6)
Cash flows from investing activities:
Acquisitions, net of cash acquired	(0.7)	(39.6)
Change in restricted cash	(1.6)	0.4
Purchases of property, equipment and software	(1.3)	(1.0)
Net cash used in investing activities	(3.6)	(40.2)
Cash flows from financing activities:
Payments on capital lease obligations	(0.5)	(0.1)
(Payments) proceeds from affiliate within group	(15.8)	34.6
Net cash provided by (used in) financing activities	(16.3)	34.5
Effect of exchange rate changes on cash and cash equivalents	0.2	6.2
Net increase (decrease) in cash and cash equivalents	30.8	(3.1)
Cash and cash equivalents at the beginning of the period	332.4	220.0
Cash and cash equivalents at the end of the period	$ 363.2	$ 216.9

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Comprehensive Income (Accumulated Other Comprehensive Income (Loss) And Components) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012	May 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	$ 90.0
Other comprehensive income (loss)	(20.3)	62.4
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	69.7
Accumulated Other Comprehensive Income (Loss), Tax Provision (Benefit)	0.9		0.9
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	98.9
Other comprehensive income (loss)	(20.2)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	78.7
Funded Status Of Defined Benefit Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	(8.9)
Other comprehensive income (loss)	(0.1)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	$ (9.0)

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Debt (Schedule of Long-term Debt) (Details) (USD $) In Millions, unless otherwise specified				3 Months Ended		3 Months Ended		3 Months Ended			3 Months Ended			3 Months Ended		3 Months Ended
	Aug. 31, 2013	May 31, 2013	Sep. 27, 2012 Term B due April 5, 2018 [Member]	Aug. 31, 2013 Term B-1 due October 5, 2016 [Member]	May 31, 2013 Term B-1 due October 5, 2016 [Member]	Aug. 31, 2013 Term B-2 due April 5, 2018 [Member]	May 31, 2013 Term B-2 due April 5, 2018 [Member]	Aug. 31, 2013 Term B-3 due June 3, 2020 [Member]	Aug. 31, 2013 Euro Term due April 5, 2018 [Member]	May 31, 2013 Euro Term due April 5, 2018 [Member]	Aug. 31, 2013 Euro Term B due June 3, 2020 [Member]	Aug. 31, 2013 9.375% Senior Notes due on April 1, 2019 [Member]	May 31, 2013 9.375% Senior Notes due on April 1, 2019 [Member]	Aug. 31, 2013 10.0% Senior Notes due on April 1, 2019 [Member]	May 31, 2013 10.0% Senior Notes due on April 1, 2019 [Member]	Aug. 31, 2013 11.5% Senior Notes due on July 15, 2018 [Member]	May 31, 2013 11.5% Senior Notes due on July 15, 2018 [Member]
Debt Instrument [Line Items]
Infor first lien			$ 2,763.0		$ 340.0	$ 2,512.8	$ 2,779.1	$ 479.8		$ 321.7	$ 460.1
Infor senior notes												1,015.0	1,015.0	330.5	324.9	560.0	560.0
Debt Instrument, Interest Rate, Effective Percentage					5.75%	5.25%	5.25%	3.75%		6.75%	4.00%	9.375%	9.375%	10.00%	10.00%	11.50%	11.50%
Maturity date				Oct. 05, 2016		Apr. 05, 2018		Jun. 03, 2020	Apr. 05, 2018		Jun. 03, 2020	Apr. 01, 2019		Apr. 01, 2019		Jul. 15, 2018
Debt discounts	(15.9)	(16.6)
Total long-term debt	5,342.3	5,324.1
Less: current portion	22.3	91.2
Total long-term debt - non-current	$ 5,320.0	$ 5,232.9
Weighted average interest rate	6.70%	7.10%

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Comprehensive Income

3 Months Ended

Aug. 31, 2013

Comprehensive Income [Abstract]

Comprehensive Income

13. Comprehensive Income (Loss)

Comprehensive income (loss) is the change in equity of a business enterprise from non-stockholder transactions impacting stockholders’ deficit that are not included in the statement of operations and are reported as a separate component of stockholders’ deficit. Other comprehensive income (loss) includes net income or loss, the change in foreign currency translation adjustments, net of tax, and changes in defined benefit plan obligations, net of tax.

We report accumulated other comprehensive income (loss) as a separate line item in the stockholders’ deficit section of our Condensed Consolidated Balance Sheets. We report the components of comprehensive income (loss) on our Condensed Consolidated Statements of Comprehensive Income (Loss).

Total accumulated other comprehensive income (loss) and its components were as follows for the periods indicated:  

(in millions)		Foreign Currency Translation Adjustment		Funded Status of Defined Benefit Pension Plan		Accumulated Other Comprehensive Income (Loss) (1)
Balance, May 31, 2013	$	98.9	$	(8.9)	$	90.0
Other comprehensive income (loss)		(20.2)		(0.1)		(20.3)
Balance, August 31, 2013	$	78.7	$	(9.0)	$	69.7

________________

(1)Accumulatedother comprehensive income (loss) is presented net of tax provision of $0.9million and $0.9million as of August 31, 2013, and May 31, 2013, respectively.

The components of other comprehensive income (loss) were as follows for the periods indicated.  There were no amounts reclassified out of accumulated other comprehensive income in either period.

(in millions)				Income Tax
Three Months Ended		Before-Tax		(Expense) Benefit		Net-of-Tax
August 31, 2013
Foreign currency translation adjustment	$	(20.2)	$	-	$	(20.2)
Change in funded status of defined benefit plans		(0.1)		-		(0.1)
Other comprehensive income (loss)	$	(20.3)	$	-	$	(20.3)
August 31, 2012
Foreign currency translation adjustment	$	62.7	$	-	$	62.7
Change in funded status of defined benefit plans		(0.3)		-		(0.3)
Other comprehensive income (loss)	$	62.4	$	-	$	62.4

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Equity-Based Compensation

3 Months Ended

Aug. 31, 2013

Equity-Based Compensation [Abstract]

Equity-Based Compensation

9. Equity-Based Compensation 

We account for equity-based payments, including grants of employee securities awards, in accordance with ASC 718, Compensation—Stock Compensation, which requires that equity-based payments (to the extent they are compensatory) be recognized in our results of operations based on their fair values and the estimated number of securities we ultimately expect will vest.

We utilize the Option-Pricing Method to estimate the fair value of our equity awards. This approach models the various classes of equity securities as a series of call options on our total equity.  The exercise prices of the call options were derived based on the distribution waterfall of the issuing entity.  Assumptions utilized under the Option–Pricing Method include: (a) stock price, derived from the estimated fair value of our total equity, (b) time to expiration, derived from the expected time to a potential liquidity event, (c) risk- free interest rate, derived from the U.S. Treasury rate over the expected time to expiration, (d) expected dividend yield and (e) expected volatility of the total equity value.  In estimating the fair value of our equity awards granted in fiscal 2012, we used the following assumptions; expected term of 1.25 years, risk-free interest rate of 0.22%, expected dividend yield of 0.0%, and expected volatility of 75.0%.  We have made no significant equity grants in fiscal 2013 or in the first three months of fiscal 2014.

Pursuant to applicable FASB guidance related to equity-based awards, we have reflected equity compensation expense related to our parent companies’ equity grants within our results of operations with an offset to additional paid-in capital.During the third quarter of fiscal 2013, several of our parent company’s equity grants that had been classified as equity awards were modified to allow for a cash settlement option which caused these grants to be classified as liability awards at the parent company. Accordingly, we have recorded equity compensation expense of $1.3 million in the current quarter related to these liability awards. The following table presents the total equity compensation expense recognized in our Condensed Consolidated Statements of Operations, by category, for the periods indicated:  

		Three Months Ended
		August 31,
(in millions)		2013		2012
Selling and marketing expense	$	1.1	$	0.3
Research and development expense		0.9		0.3
General and administrative expense		0.6		0.7
Total	$	2.6	$	1.3

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Commitments and Contingencies (Details) (USD $)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012	May 31, 2013
Total rent expense for operating leases	$ 12,600,000	$ 14,100,000
Accrued litigation	9,800,000		12,100,000
Loss Contingency, Name of Defendant	Lawson
Loss Contingency, Name of Plaintiff	ePlus
ePlus Patent Infringement Lawsuit (member)
Loss Contingency, Damages Awarded, Value	18,167,950
Annual post-judgment interets rate	0.12%
Potential fine payable per day	$ 62,362

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Related Party Transactions

3 Months Ended

Aug. 31, 2013

Related Party Transactions [Abstract]

Related party transactions

16. Related Party Transactions 

We have entered into advisory agreements with both Golden Gate Capital and Summit Partners, L.P. (Summit Partners, and together with Golden Gate Capital, the Sponsors) pursuant to which we have retained them to provide advisory services relating to financing and strategic business planning, acquisitions and investments, analysis and oversight, executive recruiting and certain other services. The Sponsors are our largest investors.

Golden Gate Capital

During the first three months of fiscal 2014 and 2013, we recognized as a component of general and administrative expenses in our Condensed Consolidated Statement of Operations $1.5 million and $1.4 million, respectively, for Golden Gate Capital management fees and expenses rendered in connection with acquisitions, debt refinancing and other advisory services. At August 31, 2013, $0.3 million of these fees remained unpaid. 

In the normal course of business, we may sell or purchase products and services to companies owned by Golden Gate Capital. Sales to Golden Gate Capital-owned companies were approximately $0.3 million and $0.5 million in the first three months of fiscal 2014 and 2013, respectively. These revenues were recognized according to our revenue recognition policy as described in Note 2, Summary of Significant Accounting Policies.  In addition, we have made payments to companies owned by Golden Gate Capital of aninsignificant amount and approximately $0.3 million in the first three months of fiscal 2014 and 2013, respectively.  

Summit Partners

During the first three months of fiscal 2014 and 2013, we recognized as a component of general and administrative expenses in our Condensed Consolidated Statement of Operations $0.5 million and $0.5 million, respectively, for Summit Partners management fees and expenses rendered in connection with acquisitions, debt refinancing and other advisory services, all of which were paid at August 31, 2013. We had no sales to companies owned by Summit Partners in the first three months of fiscal 2014 or the corresponding prior period.  We have made an insignificant amount of payments to companies owned by Summit Partners in the first three months of fiscal 2014 with none in the corresponding prior period.

Due from Affiliates

Infor, through certain of our subsidiaries, had net receivables from Lux Bond Co of $27.4 million and $30.1 million as of August 31, 2013, and May 31, 2013, respectively. These receivables arose primarily due to our payment of deferred financing fees and interest related to Lux Bond Co debt and are included in receivable from stockholders in the equity section on our Condensed Consolidated Balance Sheets. In fiscal 2013, we funded quarterly interest payments totaling $18.2 million that were due related to the Lux PIK Term Loan primarily through affiliate loans to Lux Bond Co. In the first quarter of fiscal 2014, Lux Bond Co did not elect to pay interest in cash and we did not fund the quarterly interest payment. Any future quarterly interest payments along with the repayment of the remaining principal balance at maturity may also be funded through additional loans to Lux Bond Co.

In addition, Infor has entered into a tax Allocation Agreement withGGC Software Parent, Inc., an affiliate of Lux Bond Co, that was effective as of April 5, 2012. The Company is included in the GGC Software Parent, Inc. consolidated federal income tax return and the Tax Allocation Agreement sets forth the obligation of the Company and its domestic subsidiaries with regard to preparing and filing tax returns and allocating tax payments under the consolidated reporting rules of the Internal Revenue Code and similar state and local tax laws governing combined or consolidated filings. The Tax Allocation Agreement provides that each domestic subsidiary that is a member of the consolidated, unitary or combined tax group will pay its share of the taxes of the group. In the first quarter of fiscal 2014, we recorded $2.7 million under the terms of the Tax Allocation Agreement as a reduction to the receivable from Lux Bond Co as of August 31, 2013.

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Commitments and Contingencies

3 Months Ended

Aug. 31, 2013

Commitments and Contingencies [Abstract]

Commitments and Contingencies

14. Commitments and Contingencies

Leases 

We have entered into cancelable and non-cancelable operating leases, primarily related to rental of office space, certain office equipment and automobiles.  Total rent expense for operating leases was $12.6million and $14.1 million for the three-month periods ended August 31, 2013 and August 31, 2012, respectively.

We have also entered into certain capital lease commitments for buildings, automobiles, computers and operating equipment. Aggregate property acquired through capital leases and the associated depreciation of these assets is included in property and equipment, net on our Condensed Consolidated Balance Sheets. The current portion of capital lease obligations is included in accrued expenses and the long-term portion of capital lease obligations is included in other long-term liabilities on our Condensed Consolidated Balance Sheets.

Litigation

From time to time, we are subject to litigation in the normal course of business. We accrue for litigation exposure when a loss is probable and estimable. Accrued litigation as of August 31, 2013, and May 31, 2013, was $9.8 million and $12.1 million, respectively. We expense all legal costs to resolve regulatory, legal, tax or other matters in the period incurred.

Patent Infringement Lawsuit by ePlus

On May 19, 2009, ePlus sued a number of defendants, including Lawson, alleging infringement of three separate United States patents. Prior to trial, the district court excluded all of ePlus’ evidence of damages, and as a result, only liability issues were submitted to the jury. On January 27, 2011, a jury found that Lawson’s S3 Procurement System, when used in combination with certain complementary Supply Chain Management products we offer, namely Requisition Self Service (RSS), RSS and Procurement Punchout (Punchout), and/or RSS, Punchout and Electronic Data Interface (EDI), as well as its M3 e-Procurement System, infringed two of the ePlus patents. No damages were awarded to ePlus. Following the jury verdict, Lawson developed a design-around product, Requisition Center (RQC), which was intended to be a non-infringing replacement of RSS. Since May 18, 2011, Lawson has made RQC available free of charge to all of its customers that had a product configuration that included RSS. On May 23, 2011, the Court entered an injunction prohibiting Lawson from licensing, servicing, or supporting our S3 Procurement System, when used in combination with RSS, RSS and Punchout and/or RSS, Punchout and EDI, and its M3 e-Procurement System, in the United States, although the effect of such injunction was stayed for six-months for certain of our health care customers.  Lawson took an appeal to the United States Court of Appeals for the Federal Circuit as to the liability issues and one aspect of the injunction; ePlus filed a cross-appeal as to damages.

In September 2011, ePlus initiated contempt proceedings alleging that Lawson was not compliant with the injunction for, inter alia, releasing RQC which ePlus claims is not more than colorably different from RSS and also infringes its patents. In the contempt proceeding, which is currently on-going before the same district court judge who presided over the underlying jury trial, ePlus is seeking, among other things, monetary damages as a remedy for Lawson’s alleged violation of the court’s injunction order, and a ruling that might enjoin further sales or servicing of the redesigned products that incorporate Punchout or Punchout and EDI. We are vigorously defending this matter because we believe Lawson has meritorious defenses, including: (i) that the product modifications render the current product more than colorably different from the adjudged infringing products, making contempt inappropriate; and (ii) that the modified product does not infringe the claims of the patents-in-suit as those claims were alleged and proved to be infringed by the original products. If Lawson prevails on either defense, the contempt proceeding will be dismissed in its favor.

On November 21, 2012, the United States Court of Appeals for the Federal Circuit decided the direct appeal, affirming-in-part, reversing-in-part, vacating-in-part, and remanding the case to the District Court.  The jury’s verdict of liability on one method claim (applicable to two of Lawson’s accused configurations) was affirmed; all other liability findings were reversed, including the two system claims that are directed to the making, using and selling of specific types of procurement systems.  The Circuit Court did not reverse the trial court’s rulings against ePlus on damages.  The case was remanded for consideration of changes that are required to be made to the injunction in light of the liability rulings in Lawson’s favor.  On December 21, 2012, ePlus filed a Petition in the Federal Circuit seeking rehearing of the liability rulings against it in the Court’s November 21, 2012 decision, which Petition was denied on January 29, 2013. The Petition did not raise the damages issues, thus making final ePlus’s non-entitlement to infringement damages. 

The District Court conducted an evidentiary hearing in the contempt proceeding in the first week of April 2013.  Before that hearing, Lawson moved to dissolve or modify the injunction based on the Circuit Court’s ruling.  The District Court did not rule on that motion before the hearing.  On June 11, 2013, the District Court modified the injunction by deleting from its scope the product consisting of the S3 Procurement System in combination with RSS, but ordered that the injunction shall remain in effect in all other respects.  The District Court issued a separate order denying Lawson’s motion to dissolve or modify the injunction.  Lawson has appealed the District Court’s denial of the motion to modify, and order of modification, to the United States Court of Appeals for the Federal Circuit. 

On August 16, 2013, the District Court issued an Opinion and Order finding Lawson in contempt of its May 23, 2011 injunction, awarding damages to ePlus in the amount of $18,167,950 (plus post-judgment  interest at an annual rate of 0.12%), denying ePlus’ request for enhanced damages and attorney’s fees, and imposing a coercive remedy in the daily amount of $62,362 payable to the Court, unless and until Lawson establishes that it is in compliance with the Court’s injunction order by September 20, 2013.  Lawson filed a stay request in the District Court, which granted the request to stay the money judgment to ePlus, but denied the request to stay the deadline to demonstrate compliance.  Lawson noticed a timely appeal and filed a motion for stay with the United States Court of Appeals for the Federal Circuit of the District Court’s August 16, 2013 ruling.  On September 19, 2013, the Court of Appeals entered a stay order providing that “(1) Lawson shall not have to demonstrate compliance with the May 23, 2011 injunction order during the pendency of its appeal of the Contempt Order; (2) Lawson shall not have to pay the $62,362 per day fine, which will not accrue during the pendency of its appeal; and (3) the $62,362 per day fine will only begin to accrue if Lawson is unsuccessful on appeal.”  The Court of Appeals denied the stay in part, stating that if Lawson did not comply with the injunction and did not prevail on appeal, Lawson would be liable for compensatory damages, interest or fees “to the extent appropriate.”  Lawson believes it has a strong likelihood of success in its appeal based on the arguments it asserted in its motion for stay filed with the Court of Appeals, among other arguments.

On September 20, 2013, Lawson submitted to the District Court a Report of Compliance, limited to software configurations with the decommissioned RSS module and Procurement Punchout.  Lawson states in that submission that it is in compliance with the District Court injunction as it pertains to those configurations.

Given the inherent unpredictability of judicial proceedings, the pending appeal of the District Court’s injunction orders, as well as the right of either party to appeal an unfavorable decision from any ruling made on the merits of the contempt application, we cannot at this time predict whether, or to what extent, the injunction will continue in effect, or the eventual outcome of the contempt proceeding.  Additionally, three of the five patent claims that the jury found Lawson to infringe have been found invalid in a final determination by the Board of Patent Appeals and Interferences (BPAI), including the one infringed claim that survived direct appeal.  That administrative determination is being appealed by ePlus to the United States Court of Appeals for the Federal Circuit (Lawson is not a party to that case, but may benefit from its outcome).  An affirmance of the BPAI’s decision would provide Lawson with a basis to seek the vacation of any injunction, and the dismissal or vacation of any contempt proceeding, as a matter of law.  The results of that pending appeal cannot be predicted.  

Because patent litigation is time-consuming and costly to defend, we will continue to incur significant costs defending this case until its ultimate resolution in the District Court and an appeal by the losing party.  If ePlus prevails in the contempt proceeding or a subsequent new trial or infringement, we could be required to disgorge some portion of our revenues derived from conduct found by the District Court to be infringing and we could be prohibited from any such future servicing of such configurations (during the life of the single patent still at issue) unless we were able to reach agreement with ePlus on a license to operate under its patents. 

Other Proceedings

We are subject to various other legal proceedings and the risk of litigation by employees, customers, patent owners, suppliers, stockholders or others through private actions, class actions, administrative proceedings or other litigation. While the outcome of these claims cannot be predicted with certainty, we are of the opinion that, based on information presently available, the resolution of any such legal matters existing as of August 31, 2013, will not have a material adverse effect on our financial position, results of operations or cash flows.

Guarantees  

We typically grant our customers a warranty that guarantees that our product will substantially conform to Infor’s current specifications for 90 days from the delivery date. We also indemnify our customers from third-party claims of intellectual property infringement relating to the use of our products. Infor’s standard software license agreements contain liability clauses that are limited in amount. We account for these clauses under ASC 460, Guarantees. We have not previously incurred costs to settle claims or paid awards under these indemnification obligations. Accordingly, we have not recorded any liabilities related to these agreements as of August 31, 2013, and May 31, 2013.

XML

Document and Entity Information	3 Months Ended
	Aug. 31, 2013	Oct. 04, 2013
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2013
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014
Entity Registrant Name	Infor, Inc.
Entity Central Index Key	0001556148
Current Fiscal Year End Date	--05-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,000

XML

Segment and Geographic Information

3 Months Ended

Aug. 31, 2013

Segment and Geographic Information [Abstract]

Segment and Geographic Information

15. Segment and Geographic Information

We are a global provider of enterprise business applications software and services focused primarily on medium and large enterprises. We provide industry-specific and other enterprise software products and related services to companies in the manufacturing, distribution, healthcare, public sector, automotive, service industries, ESM&R, consumer products & retail and hospitality industries. We serve customers in the Americas, EMEA and APAC geographic regions.

Segment Information  

We view our operations and manage our business as three reportable segments: License,  Maintenance, and Consulting. See Note 1, Nature of Business and Basis of Presentation – Business Segments. It is around these three key sets of business activities that we have organized our business and established budgets, forecasts and strategic objectives, including go-to-market strategies. Within our organization, multiple sets of information are available reflecting various views of our operations including vertical, geographic, product, and/or functional information. However, the financial information provided to and used by our CODM to assist in making operational decisions, allocating resources and assessing performance reflects revenues, cost of revenues and sales margin for these three segments.

License—Our License segment develops, markets and distributes enterprise software including the following types of software: enterprise human capital management, financial management, business intelligence, asset management, enterprise performance management, supply chain management, service management, manufacturing operations, business project management and property management for hospitality companies. License revenues include license fees which primarily consist of fees resulting from products licensed to customers on a perpetual basis. Product license fees result from a customer’s licensing of a given software product for the first time or with a customer’s licensing of additional users for previously licensed products. License revenues also include revenues related to our SaaS offerings.

Maintenance —Our Maintenance segment provides software updates and product support including when and if available upgrades, release updates, regulatory updates and patches, access to our knowledge base and technical support team, technical advice and application management. Generally, these services are provided under annual contracts. Infor’s maintenance agreements are comprehensive customer support programs which entitle customers to various levels of support to meet their specific needs. Infor’s maintenance and customer support offerings are delivered through our global support organization operating from our support centers around the world. Maintenance revenues include product updates and support fees revenues which represent the ratable recognition of fees to enroll and renew licensed products in our maintenance programs. These fees are typically charged annually and are based on the license fees initially paid by the customer. These revenues can fluctuate based on the number and timing of new license contracts, renewal rates and price increases.

Consulting—Our Consulting segment provides software implementation, customization, integration, training and other consulting services related to Infor’s software products. Services in this segment are generally provided under time and materials contracts, and in certain situations, under fixed-fee or maximum-fee contracts. Infor’s consulting offerings range from initial assessment and planning of a project to the actual implementation and post implementation of a project, including optimizing a customer’s use of our software as well as training and learning tools designed to help customers become proficient in using Infor’s software quickly and effectively. Consulting services and other revenue include consulting services and other fees revenues from services provided to customers who have licensed Infor’s products.

The measure we use to assess our reportable segments’ operating performance is sales margin. Reportable segment sales margin includes segment revenues net of direct controllable costs. Segment revenues include adjustments to increase revenues that would have been recognized if we had not adjusted certain deferred revenue balances related to acquisitions to their fair values at the time of the acquisition as required by GAAP. Segment costs represent those cost of resources dedicated to each segment, direct sales costs, and allocation of certain operating expenses. Segment costs exclude any allocation of depreciation and amortization related to our acquired intangible assets or restructuring costs.

We do not have any intercompany revenue recorded between reportable segments. The accounting policies for our reportable segments are the same as those used in our Consolidated Financial Statements. We do not assess or report assets or capital expenditures by reportable segment.  For disclosure of goodwill by reportable segment see Note 4, Goodwill.

The following table presents financial information for our reportable segments for the periods indicated:

(in millions, except percentages)		Reportable Segment
Three Months Ended		License		Maintenance		Consulting		Total
August 31, 2013
Revenues	$	106.9	$	365.5	$	180.4	$	652.8
Cost of revenues		15.8		62.4		144.3		222.5
Direct sales costs		85.1		-		-		85.1
Sales margin	$	6.0	$	303.1	$	36.1	$	345.2
Sales margin %		5.6%		82.9%		20.0%		52.9%

August 31, 2012
Revenues	$	105.6	$	357.7		175.3	$	638.6
Cost of revenues		15.2		62.3		140.5		218.0
Direct sales costs		82.4		-		-		82.4
Sales margin	$	8.0	$	295.4	$	34.8	$	338.2
Sales margin %		7.6%		82.6%		19.9%		53.0%

The following table presents a reconciliation of our reportable segment revenues, net of the reversal of purchase accounting revenue adjustments, and our reportable segment sales margin to total consolidated revenues and consolidated loss before income tax benefit for the periods indicated:  

		Three Months Ended
		August 31,
(in millions)		2013		2012
Reportable segment revenues	$	652.8	$	638.6
Purchase accounting revenue adjustments (1)		(2.5)		(6.8)
Total revenues	$	650.3	$	631.8
Reportable segment sales margin	$	345.2	$	338.2
Other unallocated costs and operating expenses (2)		165.9		159.6
Amortization of intangible assets and depreciation		63.9		73.0
Restructuring		2.2		5.5
Income from operations		113.2		100.1
Total other expense, net		84.3		104.0
Income (loss) before income tax	$	28.9	$	(3.9)

 

(1)Adjustments to decrease reportable segment revenue for revenue that we would have recognized had we not adjusted acquired deferred revenue as required by GAAP.

(2)Other unallocated costs and operating expenses include certain sales and marketing expenses, research and development, general and administrative, acquisition related and other costs, as well as adjustments for deferred costs recognized related to acquired deferred revenue.

Geographic Information  

The following table presents our revenues summarized by geographic region, based on the location at which each sale originates, for the periods indicated: 

(in millions)		Geographic Region
Three Months Ended		Americas		EMEA		APAC		Total
August 31, 2013
Software license fees and subscriptions	$	67.5	$	28.6	$	9.5	$	105.6
Product updates and support fees		224.7		110.7		29.6		365.0
Software revenues		292.2		139.3		39.1		470.6
Consulting services and other fees		86.6		75.7		17.4		179.7
Total revenues	$	378.8	$	215.0	$	56.5	$	650.3

August 31, 2012
Software license fees and subscriptions	$	58.6	$	33.6	$	8.6	$	100.8
Product updates and support fees		219.2		106.7		31.2		357.1
Software revenues		277.8		140.3		39.8		457.9
Consulting services and other fees		85.5		69.1		19.3		173.9
Total revenues	$	363.3	$	209.4	$	59.1	$	631.8

The following table presents our long-lived tangible assets, consisting of property and equipment net of accumulated depreciation, summarized by geographic region: 

		Geographic Region
(in millions)		Americas		EMEA		APAC		Total
August 31, 2013	$	44.9	$	25.8	$	3.2	$	73.9
May 31, 2013	$	42.9	$	25.0	$	3.4	$	71.3

The following table sets forth our revenues by country for the periods indicated: 

		Three Months Ended
(in millions)		August 31,
Revenues		2013		2012
United States	$	332.6	$	310.8
All other countries		317.7		321.0
Total revenues	$	650.3	$	631.8

Revenues attributable to the United States, our county of domicile, and foreign countries are based on the country in which the sales originate.

The following table sets forth long-lived tangible assets by country at the dates indicated: 

(in millions)		August 31,		May 31,
Long-Lived Tangible Assets		2013		2013
United States	$	44.1	$	42.1
Germany		9.9		9.7
All other countries		19.9		19.5
Total long-lived tangible assets	$	73.9	$	71.3

Only those countries in which revenues or long-lived assets exceed 10% of our consolidated revenues or long-lived assets are reflected in the above tables. In those fiscal periods when a country’s revenues or long-lived tangible assets are less than 10% of the consolidated totals, applicable amounts are included in “all other countries.”

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Debt (Credit Facilities) (Details) In Millions, unless otherwise specified	3 Months Ended
	Aug. 31, 2013 Credit Facilities [Member]	Aug. 31, 2013 Infor Revolver [Member] USD ($)	Aug. 31, 2013 Euro Term due April 5, 2018 [Member]	Aug. 31, 2013 Term B-1 due October 5, 2016 [Member]	Aug. 31, 2013 Term B-3 due June 3, 2020 [Member] USD ($)	Aug. 31, 2013 Euro Term B due June 3, 2020 [Member] EUR (€)	Aug. 31, 2013 Base Rate [Member] Term B-3 due June 3, 2020 [Member]	Aug. 31, 2013 Base Rate [Member] Minimum [Member] Term B-3 due June 3, 2020 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Term B due April 5, 2018 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Term B-3 due June 3, 2020 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Euro Term B due June 3, 2020 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Minimum [Member] Term B-3 due June 3, 2020 [Member]	Aug. 31, 2013 London Interbank Offered Rate (LIBOR) [Member] Minimum [Member] Euro Term B due June 3, 2020 [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Face Amount					$ 483.0	€ 350.0
Date of original borrowings	Apr. 05, 2012				Jun. 03, 2013
Revolver maximum availability		150.0
Outstanding letters of credit		23.1
Current revolver availability		$ 126.9
Undrawn line fee		0.50%
Maturity date		Mar. 31, 2017	Apr. 05, 2018	Oct. 05, 2016	Jun. 03, 2020	Jun. 03, 2020
Debt Instrument, Basis Spread on Variable Rate							1.75%		5.00%	2.75%	3.00%
Debt Instrument Interest Reference Rate Minimum LIBOR								2.00%				1.00%	1.00%

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Debt (Schedule of long-term debt maturities) (Details) (USD $) In Millions, unless otherwise specified	Aug. 31, 2013
Debt [Abstract]
Fiscal 2014 (remaining 9 months)	$ 13.0
Fiscal 2015	37.4
Fiscal 2016	37.4
Fiscal 2017	37.4
Fiscal 2018	2,426.8
Fiscal 2019	1,914.9
Thereafter	891.3
Total	$ 5,358.2