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Financing Arrangements (Tables)
9 Months Ended
Feb. 28, 2018
Financing Arrangements  
Summary of carrying amount of debt

 

 

 

February 28,

 

May 31,

 

 

 

2018

 

2017

 

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

 

$

147.0

 

$

131.0

 

Term loan due November 1, 2021 with interest payable monthly

 

24.1

 

 

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

 

25.0

 

25.0

 

Capital lease obligations

 

0.1

 

0.2

 

 

 

 

 

 

 

Total debt

 

196.2

 

156.2

 

Current maturities

 

(0.1

)

(0.1

)

Debt issuance costs, net

 

(1.8

)

(2.0

)

 

 

 

 

 

 

Long-term debt

 

$

194.3

 

$

154.1