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Summary of Significant Accounting Policies (Tables)
12 Months Ended
May. 31, 2015
Summary of Significant Accounting Policies  
Schedule of goodwill by reportable segment

 

                                                                                                                                                                                    

 

 

Aviation
Services

 

Expeditionary
Services

 

Discontinued
Operations

 

Total

 

Balance as of May 31, 2013

 

$

73.7

 

$

45.0

 

$

136.9

 

$

255.6

 

Acquisition

 

 

 

 

 

 

0.3

 

 

0.3

 

Foreign currency translation adjustments

 

 

2.0

 

 

 

 

3.8

 

 

5.8

 

​  

​  

​  

​  

​  

​  

​  

​  

Balance as of May 31, 2014

 

 

75.7

 

 

45.0

 

 

141.0

 

 

261.7

 

Reallocation of goodwill

 

 

 

 

4.7

 

 

(4.7

)

 

 

Businesses sold or assets held for sale

 

 

 

 

 

 

(136.3

)

 

(136.3

)

Foreign currency translation adjustments

 

 

(1.9

)

 

 

 

 

 

(1.9

)

​  

​  

​  

​  

​  

​  

​  

​  

Balance as of May 31, 2015

 

$

73.8

 

$

49.7

 

$

 

$

123.5

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        

Schedule of intangible assets, other than goodwill

 

                                                                                                                                                                                    

 

 

May 31, 2015

 

 

 

Gross

 

Accumulated
Amortization

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

23.4

 

$

(9.0

)

$

14.4

 

Developed technology

 

 

8.0

 

 

(3.5

)

 

4.5

 

Lease agreements

 

 

21.5

 

 

(8.7

)

 

12.8

 

FAA certificates

 

 

5.0

 

 

(1.3

)

 

3.7

 

​  

​  

​  

​  

​  

​  

 

 

 

57.9

 

 

(22.5

)

 

35.4

 

Unamortized intangible assets:

 

 


 

 

 


 

 

 


 

 

Trademarks

 

 

1.3

 

 

 

 

1.3

 

​  

​  

​  

​  

​  

​  

 

 

$

59.2

 

$

(22.5

)

$

36.7

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

May 31, 2014

 

 

 

Gross

 

Accumulated
Amortization

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

124.0

 

$

(22.9

)

$

101.1

 

Developed technology

 

 

32.8

 

 

(4.8

)

 

28.0

 

Lease agreements

 

 

21.5

 

 

(7.5

)

 

14.0

 

FAA certificates

 

 

5.0

 

 

(1.0

)

 

4.0

 

​  

​  

​  

​  

​  

​  

 

 

 

183.3

 

 

(36.2

)

 

147.1

 

Unamortized intangible assets:

 

 


 

 

 


 

 

 


 

 

Trademarks

 

 

18.3

 

 

 

 

18.3

 

​  

​  

​  

​  

​  

​  

 

 

$

201.6

 

$

(36.2

)

$

165.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        

Summary of inventories

 

                                                                                                                                                                                    

 

 

May 31,

 

 

 

2015

 

2014

 

Raw materials and parts

 

$

43.1 

 

$

114.1 

 

Work-in-process

 

 

18.1 

 

 

57.5 

 

Aircraft and engine parts, components and finished goods

 

 

337.0 

 

 

297.3 

 

Aircraft held for sale and related support parts

 

 

57.8 

 

 

26.4 

 

​  

​  

​  

​  

 

 

$

456.0 

 

$

495.3 

 

​  

​  

​  

​  

​  

​  

​  

​  

        

Summary of equipment on or available for long-term lease

 

                                                                                                                                                                                    

 

 

May 31,

 

 

 

2015

 

2014

 

Aircraft engines and rotable parts

 

$

80.2 

 

$

73.1 

 

Aircraft

 

 

 

 

25.3 

 

​  

​  

​  

​  

 

 

$

80.2 

 

$

98.4 

 

​  

​  

​  

​  

​  

​  

​  

​  

        

Schedule of supplemental information on cash flow

 

                                                                                                                                                                                    

 

 

For the Year
Ended May 31,

 

 

 

2015

 

2014

 

2013

 

Interest paid

 

$

42.7 

 

$

33.8 

 

$

28.3 

 

Income taxes paid

 

 

105.6 

 

 

17.3 

 

 

24.1 

 

Income tax refunds and interest received

 

 

12.1 

 

 

7.5 

 

 

23.2