XML 17 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
May 31, 2016
May 31, 2015
May 31, 2014
Sales:      
Sales from products $ 901.4 $ 891.4 $ 901.3
Sales from services 761.2 702.9 807.8
Total sales 1,662.6 1,594.3 1,709.1
Costs and operating expenses:      
Cost of products 757.2 836.5 794.0
Cost of services 668.5 598.5 626.2
Selling, general and administrative 170.8 171.4 166.3
Total costs and operating expenses 1,596.5 1,606.4 1,586.5
Earnings (Loss) from joint ventures (0.3) 0.2 3.0
Operating income (loss) 65.8 (11.9) 125.6
Loss on extinguishment of debt (0.4) (44.9)  
Interest expense (6.4) (26.5) (28.3)
Interest income 0.3 0.3 1.5
Income (Loss) from continuing operations before provision for income taxes 59.3 (83.0) 98.8
Provision for income tax (benefit) 18.8 (28.5) 31.6
Income (Loss) from continuing operations attributable to AAR 40.5 (54.5) 67.2
Discontinued operations      
Operating income (loss) (8.2) (1.5) 6.5
Gain on sale of Telair Cargo Group 27.7 198.6  
Impairment charges   (57.5)  
Provision for income taxes 12.3 74.7 0.5
Income from discontinued operations 7.2 64.9 6.0
Income attributable to noncontrolling interest from discontinued operations   (0.2) (0.3)
Income from discontinued operations attributable to AAR 7.2 64.7 5.7
Net income attributable to AAR $ 47.7 $ 10.2 $ 72.9
Earnings per share - basic      
Earnings (Loss) from continuing operations $ 1.16 $ (1.40) $ 1.70
Earnings from discontinued operations 0.21 1.66 0.15
Earnings per share - basic 1.37 0.26 1.85
Earnings per share - diluted:      
Earnings (Loss) from continuing operations 1.16 (1.40) 1.68
Earnings from discontinued operations 0.21 1.64 0.15
Earnings per share - diluted $ 1.37 $ 0.24 $ 1.83