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Summary of Significant Accounting Policies (Tables)
12 Months Ended
May 31, 2018
Summary of Significant Accounting Policies  
Schedule of goodwill by reportable segment

 

                                                                                                                                                                                                 

 

 

Aviation
Services

 

Expeditionary
Services

 

Total

 

Balance as of May 31, 2016

 

$

66.3

 

$

41.2

 

$

107.5

 

Foreign currency translation adjustments

 

 

(1.9

)

 

 

 

(1.9

)

​  

​  

​  

​  

​  

​  

Balance as of May 31, 2017

 

 

64.4

 

 

41.2

 

 

105.6

 

Acquisition

 

 

12.5

 

 

 

 

12.5

 

Foreign currency translation adjustments

 

 

0.6

 

 

 

 

0.6

 

​  

​  

​  

​  

​  

​  

Balance as of May 31, 2018

 

$

77.5

 

$

41.2

 

$

118.7

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of intangible assets, other than goodwill

 

                                                                                                                                                                                                 

 

 

May 31, 2018

 

 

 

Gross

 

Accumulated
Amortization

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

26.3

 

$

(13.9

)

$

12.4

 

Developed technology

 

 

9.1

 

 

(5.9

)

 

3.2

 

Lease agreements

 

 

22.5

 

 

(12.6

)

 

9.9

 

FAA certificate

 

 

1.9

 

 

(0.9

)

 

1.0

 

Trademarks

 

 

0.2

 

 

 

 

0.2

 

​  

​  

​  

​  

​  

​  

 

 

 

60.0

 

 

(33.3

)

 

26.7

 

Unamortized intangible assets:

 

 


 

 

 


 

 

 


 

 

Trademarks

 

 

1.1

 

 

 

 

1.1

 

​  

​  

​  

​  

​  

​  

 

 

$

61.1

 

$

(33.3

)

$

27.8

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

May 31, 2017

 

 

 

Gross

 

Accumulated
Amortization

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

24.4

 

$

(11.6

)

$

12.8

 

Developed technology

 

 

8.8

 

 

(4.7

)

 

4.1

 

Lease agreements

 

 

22.5

 

 

(11.2

)

 

11.3

 

FAA certificate

 

 

1.9

 

 

(0.8

)

 

1.1

 

Trademarks

 

 

0.2

 

 

 

 

0.2

 

​  

​  

​  

​  

​  

​  

 

 

 

57.8

 

 

(28.3

)

 

29.5

 

Unamortized intangible assets:

 

 


 

 

 


 

 

 


 

 

Trademarks

 

 

1.1

 

 

 

 

1.1

 

​  

​  

​  

​  

​  

​  

 

 

$

58.9

 

$

(28.3

)

$

30.6

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of inventories

 

                                                                                                                                                                                                 

 

 

May 31,

 

 

 

2018

 

2017

 

Aircraft and engine parts, components and finished goods

 

$

383.5

 

$

362.6

 

Raw materials and parts

 

 

45.1

 

 

45.0

 

Work-in-process

 

 

32.1

 

 

25.8

 

​  

​  

​  

​  

 

 

$

460.7

 

$

433.4

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of supplemental information on cash flows

 

                                                                                                                                                                                                 

 

 

For the Year Ended
May 31,

 

 

 

2018

 

2017

 

2016

 

Interest paid

 

$

7.2

 

$

4.4

 

$

4.7

 

Income taxes paid

 

 

17.0

 

 

12.7

 

 

35.7

 

Income tax refunds and interest received

 

 

0.1

 

 

1.3

 

 

1.3