Selected Quarterly Data (Unaudited)

12 Months Ended

May 31, 2018

Selected Quarterly Data (Unaudited)

Selected Quarterly Data (Unaudited)

15. Selected Quarterly Data (Unaudited)

        The unaudited selected quarterly data for fiscal years ended May 31, 2018 and 2017 is as follows:

Fiscal 2018

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Full Year
Sales	$	397.9		$	420.6		$	456.3		$	473.5		$	1,748.3
Gross profit		61.6			70.7			77.6			84.7			294.6
Income from continuing operations		11.0			13.3			31.3			18.1			73.7
Loss from discontinued operations1		(0.4	)		(35.8	)		(15.8	)		(6.1	)		(58.1	)
Net income (loss)		10.6			(22.5	)		15.5			12.0			15.6
Earnings (Loss) per share—basic:2
Continuing operations		0.32			0.39			0.91			0.53			2.14
Discontinued operations		(0.01	)		(1.05	)		(0.46	)		(0.18	)		(1.70	)
Earnings per share—basic		0.31			(0.66	)		0.45			0.35			0.44
Earnings (Loss) per share—diluted:2
Continuing operations		0.32			0.38			0.90			0.52			2.11
Discontinued operations		(0.01	)		(1.05	)		(0.46	)		(0.18	)		(1.70	)
Earnings per share—diluted		0.31			(0.67	)		0.44			0.34			0.41

Fiscal 2017

	First Quarter			Second Quarter		Third Quarter			Fourth Quarter		Full Year
Sales	$	361.8		$	371.3	$	407.2		$	450.5	$	1,590.8
Gross profit		59.5			59.5		66.5			77.9		263.4
Income from continuing operations		11.6			9.7		14.4			16.3		52.0
Income (Loss) from discontinued operations		(2.1	)		2.4		(0.7	)		4.9		4.5
Net income		9.5			12.1		13.7			21.2		56.5
Earnings (Loss) per share—basic:2
Continuing operations		0.34			0.28		0.43			0.48		1.53
Discontinued operations		(0.06	)		0.07		(0.02	)		0.14		0.13
Earnings per share—basic		0.28			0.35		0.41			0.62		1.66
Earnings (Loss) per share—diluted:2
Continuing operations		0.34			0.28		0.42			0.48		1.51
Discontinued operations		(0.06	)		0.07		(0.02	)		0.14		0.13
Earnings per share—diluted		0.28			0.35		0.40			0.62		1.64

1	Loss from discontinued operations in fiscal 2018 includes pre-tax aircraft and other asset impairment charges of $54.2 million in the second quarter and a goodwill impairment charge of $9.8 million in the third quarter.
2	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.