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Business Segment Information (Tables)
12 Months Ended
May. 31, 2015
Business Segment Information  
Selected financial information for each reportable segment

 

                                                                                                                                                                                    

 

 

For the Year Ended May 31,

 

 

 

2015

 

2014

 

2013

 

Net sales:

 

 

 

 

 

 

 

 

 

 

Aviation Services

 

$

1,316.1 

 

$

1,231.2 

 

$

1,246.9 

 

Expeditionary Services

 

 

278.2 

 

 

477.9 

 

 

561.0 

 

​  

​  

​  

​  

​  

​  

 

 

$

1,594.3 

 

$

1,709.1 

 

$

1,807.9 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

For the Year Ended May 31,

 

 

 

2015

 

2014

 

2013

 

Gross profit:

 

 

 

 

 

 

 

 

 

 

Aviation Services

 

$

143.8 

 

$

172.5 

 

$

145.1 

 

Expeditionary Services

 

 

15.5 

 

 

116.4 

 

 

114.4 

 

​  

​  

​  

​  

​  

​  

 

 

$

159.3 

 

$

288.9 

 

$

259.5 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

May 31,

 

 

 

2015

 

2014

 

2013

 

Total assets:

 

 

 

 

 

 

 

 

 

 

Aviation Services

 

$

919.0 

 

$

930.6 

 

$

882.6 

 

Expeditionary Services

 

 

387.6 

 

 

424.4 

 

 

479.7 

 

Discontinued operations

 

 

17.0 

 

 

663.4 

 

 

617.1 

 

Corporate

 

 

191.4 

 

 

175.6 

 

 

157.5 

 

​  

​  

​  

​  

​  

​  

 

 

$

1,515.0 

 

$

2,194.0 

 

$

2,136.9 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

For the Year Ended May 31,

 

 

 

2015

 

2014

 

2013

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

Aviation Services

 

$

8.7 

 

$

9.5 

 

$

8.7 

 

Expeditionary Services

 

 

20.3 

 

 

9.0 

 

 

22.7 

 

Corporate

 

 

13.1 

 

 

2.3 

 

 

1.1 

 

​  

​  

​  

​  

​  

​  

Total continuing operations

 

 

42.1 

 

 

20.8 

 

 

32.5 

 

Discontinued operations

 

 

4.2 

 

 

5.7 

 

 

5.1 

 

​  

​  

​  

​  

​  

​  

 

 

$

46.3 

 

$

26.5 

 

$

37.6 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

For the Year Ended May 31,

 

 

 

2015

 

2014

 

2013

 

Depreciation and amortization:1

 

 

 

 

 

 

 

 

 

 

Aviation Services

 

$

28.9 

 

$

25.6 

 

$

24.2 

 

Expeditionary Services

 

 

24.9 

 

 

37.1 

 

 

41.0 

 

Corporate

 

 

9.6 

 

 

10.6 

 

 

11.7 

 

​  

​  

​  

​  

​  

​  

Total continuing operations

 

 

63.4 

 

 

73.3 

 

 

76.9 

 

Discontinued operations

 

 

13.5 

 

 

15.8 

 

 

13.9 

 

​  

​  

​  

​  

​  

​  

 

 

$

76.9 

 

$

89.1 

 

$

90.8 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


 

 

1          

Includes depreciation and amortization of stock-based compensation.

 

Schedule of reconciliation of segment gross profit to consolidated income before provision for income taxes

 

                                                                                                                                                                                    

 

 

For the Year Ended May 31,

 

 

 

2015

 

2014

 

2013

 

Segment gross profit

 

$

159.3

 

$

288.9

 

$

259.5

 

Selling, general and administrative

 

 

(171.4

)

 

(166.3

)

 

(164.0

)

Earnings from joint ventures

 

 

0.2

 

 

3.0

 

 

6.7

 

Loss on extinguishment of debt

 

 

(44.9

)

 

 

 

(0.3

)

Interest expense

 

 

(26.5

)

 

(28.3

)

 

(29.1

)

Interest income

 

 

0.3

 

 

1.5

 

 

1.4

 

​  

​  

​  

​  

​  

​  

Income (Loss) from continuing operations before provision for income taxes

 

$

(83.0

)

$

98.8

 

$

74.2

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        

Schedule of sales to the U.S. Department of Defense, other U.S. government agencies and their contractors by segment

 

                                                                                                                                                                                    

 

 

For the Year Ended May 31,

 

 

 

2015

 

2014

 

2013

 

Aviation Services

 

$

237.3 

 

$

199.1 

 

$

192.1 

 

Expeditionary Services

 

 

255.8 

 

 

462.6 

 

 

541.6 

 

​  

​  

​  

​  

​  

​  

 

 

$

493.1 

 

$

661.7 

 

$

733.7 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Percentage of total sales

 

 

30.9 

%

 

38.7 

%

 

40.6 

%

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of geographic data

 

                                                                                                                                                                                    

 

 

May 31,

 

 

 

2015

 

2014

 

Long-lived assets:

 

 

 

 

 

 

 

United States

 

$

523.8 

 

$

809.0 

 

Europe

 

 

37.0 

 

 

271.4 

 

Other

 

 

0.1 

 

 

2.2 

 

​  

​  

​  

​  

 

 

$

560.9 

 

$

1,082.6 

 

​  

​  

​  

​  

​  

​  

​  

​