XML 41 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2012
Nov. 30, 2011
Sales:        
Sales from products $ 291.8 $ 319.3 $ 619.3 $ 650.7
Sales from services 221.0 162.7 444.0 316.8
Total sales 512.8 482.0 1,063.3 967.5
Cost and operating expenses:        
Cost of products 255.4 281.0 539.5 571.4
Cost of services 170.0 122.4 346.1 241.8
Selling, general and administrative 50.8 44.6 104.1 87.7
Total costs and operating expenses 476.2 448.0 989.7 900.9
Earnings from joint ventures 1.2 0.3 2.6 0.5
Operating income 37.8 34.3 76.2 67.1
Loss on extinguishment of debt (0.1)   (0.3)  
Interest expense (10.8) (7.8) (21.4) (15.3)
Interest income 0.3 0.3 0.7 0.4
Income before provision for income taxes 27.2 26.8 55.2 52.2
Provision for income taxes 9.3 9.2 19.0 18.0
Net income attributable to AAR and noncontrolling interest 17.9 17.6 36.2 34.2
Income attributable to noncontrolling interest 0.1   0.2  
Net income attributable to AAR $ 17.8 $ 17.6 $ 36.0 $ 34.2
Earnings per share - basic (in dollars per share) $ 0.45 $ 0.44 $ 0.90 $ 0.85
Earnings per share - diluted (in dollars per share) $ 0.44 $ 0.43 $ 0.89 $ 0.83