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Discontinued Operations (Tables)
6 Months Ended
Nov. 30, 2018
Discontinued Operations  
Schedule of operating results for discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

November 30, 

 

November 30, 

 

    

2018

    

2017

    

2018

    

2017

Sales

 

$

22.2

 

$

29.1

 

$

42.2

 

$

70.4

Cost of sales

 

 

(25.4)

 

 

(27.4)

 

 

(47.7)

 

 

(65.8)

Asset impairments

 

 

 —

 

 

(54.2)

 

 

 —

 

 

(54.2)

Selling, general and administrative expenses

 

 

(2.3)

 

 

(3.4)

 

 

(4.8)

 

 

(7.0)

Loss from discontinued operations before provision for income tax benefit

 

 

(5.5)

 

 

(55.9)

 

 

(10.3)

 

 

(56.6)

Provision for income tax benefit

 

 

(1.3)

 

 

(20.1)

 

 

(2.3)

 

 

(20.4)

Loss from discontinued operations

 

$

(4.2)

 

$

(35.8)

 

$

(8.0)

 

$

(36.2)

 

Schedule of carrying amounts of the major classes and liabilities for our discontinued operations

 

 

 

 

 

 

 

 

 

 

November 30, 

 

May 31, 

 

    

2018

    

2018

Inventory, rotable assets, and equipment

 

$

93.5

 

$

106.1

Accounts receivable, net

 

 

13.1

 

 

14.7

Other assets

 

 

3.3

 

 

4.2

Assets of discontinued operations

 

$

109.9

 

$

125.0

 

 

 

 

 

 

 

Liabilities of discontinued operations

 

$

24.6

 

$

25.0