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Financing Arrangements (Tables)
3 Months Ended
Aug. 31, 2017
Financing Arrangements  
Summary of carrying amount of debt

 

 

 

August 31,

 

May 31,

 

 

 

2017

 

2017

 

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

 

$

165.0

 

$

131.0

 

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

 

25.0

 

25.0

 

Capital lease obligations

 

2.9

 

3.3

 

 

 

 

 

 

 

Total debt

 

192.9

 

159.3

 

Current maturities of debt

 

(2.0

)

(2.0

)

Debt issuance costs, net

 

(1.9

)

(2.0

)

 

 

 

 

 

 

Long-term debt

 

$

189.0

 

$

155.3