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Discontinued Operations (Tables)
9 Months Ended
Feb. 28, 2019
Discontinued Operations  
Schedule of operating results for discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

February 28, 

 

February 28, 

 

    

2019

    

2018

    

2019

    

2018

Sales

 

$

26.6

 

$

8.8

 

$

68.8

 

$

79.2

Cost of sales

 

 

(31.3)

 

 

(15.8)

 

 

(79.0)

 

 

(81.6)

Asset impairments

 

 

(74.1)

 

 

(11.0)

 

 

(74.1)

 

 

(65.2)

Selling, general and administrative expenses

 

 

(2.7)

 

 

(2.6)

 

 

(7.5)

 

 

(9.6)

Loss from discontinued operations before provision for income tax benefit

 

 

(81.5)

 

 

(20.6)

 

 

(91.8)

 

 

(77.2)

Provision for income tax benefit

 

 

(16.7)

 

 

(4.8)

 

 

(19.0)

 

 

(25.2)

Loss from discontinued operations

 

$

(64.8)

 

$

(15.8)

 

$

(72.8)

 

$

(52.0)

 

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

 

 

 

 

 

 

 

 

 

 

February 28, 

 

May 31, 

 

    

2019

    

2018

Inventory, rotable assets, and equipment

 

$

13.7

 

$

106.1

Accounts receivable, net

 

 

11.8

 

 

14.7

Other assets

 

 

2.7

 

 

4.2

Assets of discontinued operations

 

$

28.2

 

$

125.0

 

 

 

 

 

 

 

Liabilities of discontinued operations

 

$

26.0

 

$

25.0