Selected Quarterly Data (Unaudited)

12 Months Ended

May 31, 2017

Selected Quarterly Data (Unaudited)

Selected Quarterly Data (Unaudited)

16. Selected Quarterly Data (Unaudited)

        The unaudited selected quarterly data for fiscal years ended May 31, 2017 and 2016 is as follows:

Fiscal 2017

	First Quarter			Second Quarter		Third Quarter		Fourth Quarter		Full Year
Sales	$	404.8		$	423.8	$	446.7	$	492.3	$	1,767.6
Gross profit		61.5			66.2		69.0		79.8		276.5
Income from continuing operations		9.9			12.1		13.1		15.1		50.2
Income (Loss) from discontinued operations		(0.4	)		—		0.6		6.1		6.3
Net income		9.5			12.1		13.7		21.2		56.5
Earnings (Loss) per share—basic:(1)
Continuing operations		0.29			0.35		0.39		0.44		1.47
Discontinued operations		(0.01	)		—		0.02		0.18		0.19
Earnings per share—basic		0.28			0.35		0.41		0.62		1.66
Earnings (Loss) per share—diluted:(1)
Continuing operations		0.29			0.35		0.38		0.44		1.45
Discontinued operations		(0.01	)		—		0.02		0.18		0.19
Earnings per share—diluted		0.28			0.35		0.40		0.62		1.64

Fiscal 2016

	First Quarter		Second Quarter			Third Quarter			Fourth Quarter		Full Year
Sales	$	386.7	$	431.5		$	412.1		$	468.6	$	1,698.9
Gross profit		53.9		59.1			59.3			65.6		237.9
Income from continuing operations		7.4		9.2			9.9			11.8		38.3
Income (Loss) from discontinued operations(2)		15.5		(1.2	)		(5.1	)		0.2		9.4
Net income		22.9		8.0			4.8			12.0		47.7
Earnings (Loss) per share—basic:(1)
Continuing operations		0.21		0.26			0.29			0.35		1.10
Discontinued operations		0.44		(0.03	)		(0.15	)		—		0.27
Earnings per share—basic		0.65		0.23			0.14			0.35		1.37
Earnings (Loss) per share—diluted:(1)
Continuing operations		0.21		0.26			0.29			0.34		1.10
Discontinued operations		0.44		(0.03	)		(0.15	)		—		0.27
Earnings per share—diluted		0.65		0.23			0.14			0.34		1.37

1	The earnings-per-share computation for the year is a separate, annual calculation. Accordingly, the sum of the quarterly earnings-per-share amounts does not necessarily equal the earnings per share for the year.
2	First quarter income from discontinued operations in fiscal 2016 reflects a pre-tax gain of $27.7 million for the receipt of contingent consideration from the sale of Telair Cargo Group in fiscal 2015.