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Business Segment Information (Tables)
3 Months Ended
Aug. 31, 2013
Business Segment Information  
Selected financial information for each reportable segment

 

 

 

 

Three Months Ended

 

 

 

August 31,

 

 

 

2013

 

2012

 

Sales:

 

 

 

 

 

Aviation Services

 

$

393.7

 

$

398.2

 

Technology Products

 

120.8

 

152.3

 

 

 

$

514.5

 

$

550.5

 

 

 

 

Three Months Ended

 

 

 

August 31,

 

 

 

2013

 

2012

 

Gross profit:

 

 

 

 

 

Aviation Services

 

$

65.5

 

$

61.4

 

Technology Products

 

19.2

 

28.9

 

 

 

$

84.7

 

$

90.3

 

Schedule of reconciliation of segment gross profit to consolidated income before provision for income taxes

 

 

 

 

Three Months Ended

 

 

 

August 31,

 

 

 

2013

 

2012

 

Segment gross profit

 

$

84.7

 

$

90.3

 

Selling, general and administrative

 

(47.7

)

(53.3

)

Earnings from joint ventures

 

1.2

 

1.4

 

Loss on extinguishment of debt

 

 

(0.2

)

Interest expense

 

(11.0

)

(10.6

)

Interest income

 

0.3

 

0.4

 

Income before provision for income taxes

 

$

27.5

 

$

28.0