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Business Segment Information (Tables)
3 Months Ended
Aug. 31, 2014
Business Segment Information  
Selected financial information for each reportable segment

 

 

 

 

Three Months Ended

 

 

 

August 31,

 

 

 

2014

 

2013

 

Net sales:

 

 

 

 

 

Aviation Services

 

$

363.7

 

$

393.7

 

Technology Products

 

105.5

 

120.8

 

 

 

$

469.2

 

$

514.5

 

 

 

 

Three Months Ended

 

 

 

August 31,

 

 

 

2014

 

2013

 

Gross profit:

 

 

 

 

 

Aviation Services

 

$

59.1

 

$

65.5

 

Technology Products

 

16.2

 

19.2

 

 

 

$

75.3

 

$

84.7

 

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

 

 

 

 

Three Months Ended

 

 

 

August 31,

 

 

 

2014

 

2013

 

Segment gross profit

 

$

75.3

 

$

84.7

 

Selling, general and administrative

 

(44.9

)

(47.7

)

Earnings from joint ventures

 

0.6

 

1.2

 

Interest expense

 

(9.6

)

(11.0

)

Interest income

 

0.1

 

0.3

 

Income before provision for income taxes

 

$

21.5

 

$

27.5