Business Segment Information (Tables)

12 Months Ended

May 31, 2019

Business Segment Information

Schedule of selected financial information for each reportable segment

	For the Year Ended May 31,
	2019		2018		2017
Net sales:
Aviation Services	$	1,920.6	$	1,635.8	$	1,485.4
Expeditionary Services		131.2		112.5		105.4
	$	2,051.8	$	1,748.3	$	1,590.8

	For the Year Ended May 31,
	2019		2018		2017
Gross profit:
Aviation Services	$	313.3	$	275.3	$	246.0
Expeditionary Services		16.2		19.3		17.4
	$	329.5	$	294.6	$	263.4

	May 31,
	2019		2018
Total assets:
Aviation Services	$	1,346.8	$	1,241.2
Expeditionary Services		94.7		94.8
Corporate and discontinued  operations		75.7		188.7
	$	1,517.2	$	1,524.7

	For the Year Ended May 31,
	2019		2018		2017
Capital expenditures:
Aviation Services	$	15.1	$	18.9	$	15.0
Expeditionary Services		1.4		1.8		2.0
Corporate		0.9		1.3		8.2
Total continuing operations		17.4		22.0		25.2
Discontinued operations		0.5		5.0		8.4
	$	17.9	$	27.0	$	33.6

	For the Year Ended May 31,
	2019		2018		2017
Depreciation and amortization:1
Aviation Services	$	37.5	$	34.6	$	30.8
Expeditionary Services		4.1		4.6		5.0
Corporate		14.7		16.6		10.9
Total continuing operations		56.3		55.8		46.7
Discontinued operations		—		7.3		17.2
	$	56.3	$	63.1	$	63.9

¹ Includes amortization of stock‑based compensation.

Schedule of reconciliation of segment gross profit to income from continuing operations before provision for income taxes

	For the Year Ended May 31,
	2019		2018		2017
Segment gross profit	$	329.5	$	294.6	$	263.4
Provision for doubtful accounts		(15.8)		(0.5)		(2.1)
Selling, general and administrative		(215.4)		(208.1)		(179.0)
Other expenses		(0.8)		(0.9)		—
Interest expense		(9.5)		(8.0)		(5.3)
Interest income		1.0		0.1		0.1
Income from continuing operations before provision for income taxes	$	89.0	$	77.2	$	77.1

Schedule of sales to the U.S. Department of Defense, other U.S. government agencies and their contractors by segment

	For the Year Ended May 31,
	2019			2018			2017
Aviation Services	$	455.9		$	241.3		$	260.2
Expeditionary Services		90.3			63.0			61.3
	$	546.2		$	304.3		$	321.5
Percentage of total sales		26.6	%		17.4	%		20.2	%

Schedule of sales across the major customer markets for each of our operating segments

	For the Year Ended May 31,
	2019		2018		2017
Aviation Services:
Commercial	$	1,342.3	$	1,281.9	$	1,114.9
Government and defense		578.3		353.9		370.5
	$	1,920.6	$	1,635.8	$	1,485.4
Expeditionary Services:
Commercial	$	31.6	$	37.5	$	37.1
Government and defense		99.6		75.0		68.3
	$	131.2	$	112.5	$	105.4

Schedule of sales by type of product/service

	For the Year Ended May 31,
	2019		2018		2017
Aviation supply chain	$	1,395.2	$	1,082.9	$	998.7
Maintenance, repair and overhaul services		525.4		552.9		486.7
Mobility products		131.2		112.5		105.4
	$	2,051.8	$	1,748.3	$	1,590.8

Schedule of geographic data

	For the Year Ended May 31,
	2019		2018		2017
Aviation Services:
North America	$	1,426.8	$	1,131.4	$	1,077.4
Europe/Africa		323.4		325.9		272.4
Other		170.4		178.5		135.6
	$	1,920.6	$	1,635.8	$	1,485.4
Expeditionary Services:
North America	$	124.1	$	105.3	$	101.0
Europe/Africa		5.8		6.9		4.3
Other		1.3		0.3		0.1
	$	131.2	$	112.5	$	105.4

	May 31,
	2019		2018
Long-lived assets:
United States	$	345.4	$	393.1
Europe		108.7		103.3
Other		110.6		85.6
	$	564.7	$	582.0