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Financing Arrangements (Tables)
9 Months Ended
Feb. 28, 2017
Financing Arrangements  
Summary of carrying amount of debt

 

 

February 28,

 

May 31,

 

 

 

2017

 

2016

 

 

 

 

 

 

 

Revolving Credit Facility expiring November 1, 2021 with interest payable monthly

 

$

144.0

 

$

110.0

 

Industrial revenue bond (secured by property, plant and equipment) due August 1, 2018 with interest payable monthly

 

25.0

 

25.0

 

Note payable due March 9, 2017 with floating interest rate, payable semi-annually on June 1 and December 1

 

 

10.0

 

Capital lease obligations

 

3.8

 

5.1

 

 

 

 

 

 

 

Total debt

 

172.8

 

150.1

 

Current maturities of debt

 

(2.0

)

(12.0

)

Debt issuance costs, net

 

(2.1

)

(2.0

)

 

 

 

 

 

 

Long-term debt

 

$

168.7

 

$

136.1