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Discontinued Operations (Tables)
12 Months Ended
May 31, 2018
Discontinued Operations  
Schedule of operating results for discontinued operations

 

                                                                                                                                                                                                 

 

 

For the Year Ended May 31,

 

 

 

2018

 

2017

 

2016

 

Sales

 

$

96.3

 

$

176.9

 

$

184.9

 

Cost of sales

 

 

(101.4

)

 

(165.1

)

 

(184.2

)

Asset impairments

 

 

(65.2

)

 

 

 

 

Selling, general and administrative expenses

 

 

(11.8

)

 

(16.1

)

 

(18.5

)

​  

​  

​  

​  

​  

​  

Operating loss from discontinued operations

 

 

(82.1

)

 

(4.3

)

 

(17.8

)

Gain on sale of Telair Cargo Group

 

 

 

 

 

 

27.7

 

Provision for income taxes (benefit)

 

 

(24.0

)

 

(8.8

)

 

7.7

 

​  

​  

​  

​  

​  

​  

Income (Loss) from discontinued operations

 

$

(58.1

)

$

4.5

 

$

2.2

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

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Schedule of carrying amounts of the major classes and liabilities for our discontinued operations

 

             

 

 

May 31,

 

 

 

2018

 

2017

 

Inventory, rotable assets, and equipment

 

$

106.1

 

$

183.7

 

Accounts receivable, net

 

 

14.7

 

 

17.0

 

Goodwill

 

 

 

 

9.8

 

Other assets

 

 

4.2

 

 

7.7

 

​  

​  

​  

​  

Assets of discontinued operations

 

$

125.0

 

$

218.2

 

​  

​  

​  

​  

​  

​  

​  

​  

Liabilities—current

 

$

25.0

 

$

30.8

 

Liabilities—non-current

 

 

 

 

2.6

 

​  

​  

​  

​  

Liabilities of discontinued operations

 

$

25.0

 

$

33.4

 

​  

​  

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​