XML 50 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financing Arrangements (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
0 Months Ended 9 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 9 Months Ended
Feb. 14, 2013
Feb. 28, 2013
Feb. 29, 2012
May 31, 2012
Feb. 28, 2013
Revolving credit facility expiring April 12, 2016 with interest payable monthly
May 31, 2012
Revolving credit facility expiring April 12, 2016 with interest payable monthly
Feb. 28, 2013
Note payable due July 19, 2012 with interest at 7.22%, payable monthly
May 31, 2012
Note payable due July 19, 2012 with interest at 7.22%, payable monthly
Feb. 28, 2013
Note payable due March 15, 2014 with floating interest rate, payable monthly
May 31, 2012
Note payable due March 15, 2014 with floating interest rate, payable monthly
Feb. 28, 2013
Note payable due March 9, 2017 with floating interest rate, payable quarterly
May 31, 2012
Note payable due March 9, 2017 with floating interest rate, payable quarterly
Feb. 28, 2013
Notes payable due January 15, 2022 with interest at 7.25% payable semi-annually on January 15 and July 15
May 31, 2012
Notes payable due January 15, 2022 with interest at 7.25% payable semi-annually on January 15 and July 15
Feb. 28, 2013
Mortgage loan (secured by Wood Dale, Illinois facility) due August 1, 2015 with interest at 5.01%
May 31, 2012
Mortgage loan (secured by Wood Dale, Illinois facility) due August 1, 2015 with interest at 5.01%
Feb. 28, 2013
Convertible notes payable
Feb. 29, 2012
Convertible notes payable
Feb. 28, 2013
Convertible notes payable
Feb. 29, 2012
Convertible notes payable
May 31, 2012
Convertible notes payable
Feb. 28, 2013
Convertible notes payable due February 1, 2026 with interest at 1.75% payable semi-annually on February 1 and August 1
Feb. 28, 2013
Convertible notes payable due February 1, 2026 with interest at 1.75% payable semi-annually on February 1 and August 1
May 31, 2012
Convertible notes payable due February 1, 2026 with interest at 1.75% payable semi-annually on February 1 and August 1
Feb. 28, 2013
Convertible notes payable due March 1, 2014 with interest at 1.625% payable semi-annually on March 1 and September 1
May 31, 2012
Convertible notes payable due March 1, 2014 with interest at 1.625% payable semi-annually on March 1 and September 1
Feb. 14, 2013
Convertible notes payable due February 1, 2015 with interest at 1.75% payable semi-annually on February 1 and August 1
item
Feb. 28, 2013
Convertible notes payable due February 1, 2015 with interest at 1.75% payable semi-annually on February 1 and August 1
Feb. 28, 2013
Convertible notes payable due March 1, 2016 with interest at 2.25% payable semi-annually on March 1 and September 1
May 31, 2012
Convertible notes payable due March 1, 2016 with interest at 2.25% payable semi-annually on March 1 and September 1
Feb. 28, 2013
Industrial revenue bond (secured by trust indenture on property, plant and equipment) due August 1, 2018 with floating interest rate, payable monthly
May 31, 2012
Industrial revenue bond (secured by trust indenture on property, plant and equipment) due August 1, 2018 with floating interest rate, payable monthly
Feb. 28, 2013
Revolving credit facility (secured by aircraft and related engines and components) due April 23, 2015 with floating interest rate, payable monthly
May 31, 2012
Revolving credit facility (secured by aircraft and related engines and components) due April 23, 2015 with floating interest rate, payable monthly
Feb. 28, 2013
Revolving credit facility subject to annual review in March with interest payable quarterly
May 31, 2012
Revolving credit facility subject to annual review in March with interest payable quarterly
Financing Arrangements                                                                        
Interest rate (as a percent)               7.22%         7.25%   5.01%             1.75% 1.75%   1.625%     1.75% 2.25%              
Total debt   $ 722.8   $ 792.2 $ 305.0 $ 280.0   $ 8.4 $ 1.6 $ 2.6 $ 40.0 $ 50.0 $ 172.2 $ 172.1 $ 11.0 $ 11.0 $ 140.0   $ 140.0   $ 209.5 $ 2.7 $ 2.7 $ 94.9 $ 65.0 $ 68.5   $ 29.3 $ 43.0 $ 46.1 $ 25.0 $ 25.0 $ 27.4 $ 33.0 $ 0.6 $ 0.6
Current maturities of debt   (22.2)   (122.8)                                                                
Long-term debt   700.6   669.4                                                                
Redemption price of debt instrument as a percentage of the principal amount                                           100.00% 100.00%                          
Amount of convertible notes repurchased                                             11.0   6.4       5.5              
Cash paid for convertible notes repurchased                                           63.6 11.0   6.1       4.9              
Aggregate principal amount of securities exchanged 22.7                                                                      
Loss on extinguishment of debt   0.3                                                                    
Cash portion received in new debt issuance 7.3                                                                      
Debt repayment             8.4                                                          
Face value of long-term debt   736.5                             150.9   150.9   229.3           30.0                  
Estimated fair value of long-term debt   743.8                                                                    
Long-term debt:                                                                        
Principal amount   736.5                             150.9   150.9   229.3           30.0                  
Unamortized discount                                 (10.9)   (10.9)   (19.8)                              
Net carrying amount   722.8   792.2 305.0 280.0   8.4 1.6 2.6 40.0 50.0 172.2 172.1 11.0 11.0 140.0   140.0   209.5 2.7 2.7 94.9 65.0 68.5   29.3 43.0 46.1 25.0 25.0 27.4 33.0 0.6 0.6
Notice period for redemption of debt instrument (in days)                                                     30                  
Yield to maturity (as a percent)                                                     3.75%                  
Call price at maturity (in dollars per share)                                                     $ 104.038                  
Equity component, net of tax                                 75.3   75.3   74.8                              
Effective interest rate (as a percent)                                                 6.82%     5.00% 7.41%              
Interest expense                                                                        
Coupon interest                                 0.8 1.3 2.8 3.7                                
Amortization of deferred financing fees                                 0.1 0.2 0.4 0.6                                
Amortization of discount   8.1 9.9                           2.3 3.3 7.9 9.8                                
Interest expense related to convertible notes                                 $ 3.2 $ 4.8 $ 11.1 $ 14.1