Discontinued Operations

3 Months Ended

Aug. 31, 2017

Discontinued Operations

Discontinued Operations

Note 2 — Discontinued Operations

During the first quarter of fiscal 2017, we completed the shut down of the metal machining operation of our Precision Systems Manufacturing business.  This business is reported as discontinued operations for all periods presented.  Liabilities of discontinued operations of $6.5 million and $6.9 million at August 31, 2017 and May 31, 2017, respectively, were classified as Accrued Liabilities on the Condensed Consolidated Balance Sheet.

Unless otherwise noted, amounts and disclosures throughout these Notes to Condensed Consolidated Financial Statements relate to our continuing operations.