Selected Quarterly Data (Unaudited)

12 Months Ended

May 31, 2013

17. Selected Quarterly Data (Unaudited)

The unaudited selected quarterly data for fiscal years ended May 31, 2013 and 2012 follows.

Fiscal 2013

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year

Sales	$	550.5	$	512.8	$	520.2	$	553.8	$	2,137.3
Gross profit		90.3		87.4		76.2		60.3		314.2
Net income attributable to AAR		18.2		17.8		18.4		0.6		55.0
Diluted earnings per share		0.45		0.44		0.46		0.01		1.38	¹
Dividends declared		0.075		0.075		0.075		0.075		0.30
Market price
High		14.88		17.17		20.11		20.47		20.47
Low		10.34		13.55		15.13		16.47		10.34

Fiscal 2012

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year

Sales	$	485.5	$	482.0	$	534.2	$	563.3	$	2,065.0
Gross profit		75.7		78.6		86.9		77.4		318.6
Net income attributable to AAR		16.6		17.6		20.6		12.9		67.7
Diluted earnings per share		0.41		0.43		0.50		0.32		1.65	¹
Dividends declared		0.075		0.075		0.075		0.075		0.30
Market price
High		31.42		23.04		23.37		22.68		31.42
Low		21.89		15.17		16.72		12.05		12.05

¹: The earnings-per-share computation for the year is a separate, annual calculation. Accordingly, the sum of the quarterly earnings-per-share amounts do not necessarily equal the earnings per share for the year.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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