Program Development Costs	3 Months Ended
Aug. 31, 2014
Program Development Costs
Program Development Costs	Note 10 — Program Development Costs Our Cargo Systems unit was selected in June 2005 to provide cargo loading systems for the Airbus A400M Military Transport Aircraft (“A400M”). During fiscal 2013, we delivered initial production units to Airbus and began delivering revenue-producing units in fiscal 2014. As of August 31, 2014 and May 31, 2014, we have capitalized, net of reimbursements, $141.2 million and $139.8 million, respectively, of costs associated with the engineering and development of the cargo system. Capitalized costs are classified between current and non-current assets on the Condensed Consolidated Balance Sheets. Current assets include $29.8 million and $27.6 million in Deposits, prepaids and other at August 31, 2014 and May 31, 2014, respectively, and non-current assets include $111.4 million and $112.2 million in Capitalized program development costs at August 31, 2014 and May 31, 2014, respectively. Sales and related cost of sales are recognized on the units of delivery method. In determining the recoverability of the capitalized program development costs, we have made certain judgments and estimates concerning expected revenues and the cost to manufacture the A400M cargo system. Differences between actual results and our assumptions may result in our not fully recovering our program development costs, which could adversely affect our operating results and financial condition.

Note 10 — Program Development Costs

Our Cargo Systems unit was selected in June 2005 to provide cargo loading systems for the Airbus A400M Military Transport Aircraft (“A400M”). During fiscal 2013, we delivered initial production units to Airbus and began delivering revenue-producing units in fiscal 2014. As of August 31, 2014 and May 31, 2014, we have capitalized, net of reimbursements, $141.2 million and $139.8 million, respectively, of costs associated with the engineering and development of the cargo system. Capitalized costs are classified between current and non-current assets on the Condensed Consolidated Balance Sheets. Current assets include $29.8 million and $27.6 million in Deposits, prepaids and other at August 31, 2014 and May 31, 2014, respectively, and non-current assets include $111.4 million and $112.2 million in Capitalized program development costs at August 31, 2014 and May 31, 2014, respectively. Sales and related cost of sales are recognized on the units of delivery method. In determining the recoverability of the capitalized program development costs, we have made certain judgments and estimates concerning expected revenues and the cost to manufacture the A400M cargo system. Differences between actual results and our assumptions may result in our not fully recovering our program development costs, which could adversely affect our operating results and financial condition.