XML 48 R27.htm IDEA: XBRL DOCUMENT

Financing Arrangements (Tables)

12 Months Ended

May 31, 2019


	May 31,
	2019		2018
Revolving Credit Facility expiring November 1, 2021 with interest payable monthly	$	120.0	$	130.0
Term loan due November 1, 2021 with interest payable monthly		22.9		23.9
Industrial revenue bond (secured by property, plant and equipment) due August 1, 2018 with interest payable monthly		—		25.0
Capital lease obligations		—		—
Total debt		142.9		178.9
Current maturities of debt		—		—
Debt issuance costs, net		(1.2)		(1.7)
Long-term debt	$	141.7	$	177.2

Schedule of borrowing activity under the Credit Agreement


	For the Year Ended May 31,
	2019			2018			2017
Maximum amount borrowed	$	287.0		$	275.0		$	217.0
Average daily borrowings		207.8			214.1			175.5
Average interest rate during the year		3.41	%		2.52	%		1.77	%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details