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Discontinued Operations (Tables)
12 Months Ended
May 31, 2019
Discontinued Operations  
Schedule of operating results for discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended May 31, 

 

    

2019

    

2018

    

2017

Sales

 

$

95.8

 

$

96.3

 

$

176.9

Cost of sales

 

 

(106.1)

 

 

(101.4)

 

 

(165.1)

Asset impairments

 

 

(74.1)

 

 

(65.2)

 

 

 —

Selling, general and administrative expenses 

 

 

(12.1)

 

 

(11.8)

 

 

(16.1)

Operating loss from discontinued operations 

 

 

(96.5)

 

 

(82.1)

 

 

(4.3)

Provision for income taxes (benefit)

 

 

(19.9)

 

 

(24.0)

 

 

(8.8)

Income (Loss) from discontinued operations 

 

$

(76.6)

 

$

(58.1)

 

$

4.5

 

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

 

 

 

 

 

 

 

 

 

 

May 31, 

 

May 31, 

 

    

2019

    

2018

Accounts receivable, net

 

$

16.2

 

$

14.7

Inventory, rotable assets, and equipment

 

 

7.5

 

 

106.1

Other assets

 

 

5.5

 

 

4.2

Assets of discontinued operations

 

$

29.2

 

$

125.0

Liabilities of discontinued operations

 

$

29.2

 

$

25.0