Income Taxes (Tables)

12 Months Ended

May 31, 2021

Income Taxes

Schedule of components of provision for income tax on income from continuing operations

	For the Year Ended
	May 31,
	2021		2020		2019
Current:
Federal	$	5.2	$	1.4	$	4.8
State		1.2		0.9		0.1
Foreign		3.4		2.8		5.0
		9.8		5.1		9.9
Deferred		8.4		0.5		(5.0)
	$	18.2	$	5.6	$	4.9

Schedule of difference between the provision for income taxes on pre-tax income from the amount computed by applying the U.S. federal statutory tax rate

	For the Year Ended
	May 31,
	2021		2020		2019
Provision for income tax at the federal statutory rate	$	13.5	$	6.4	$	18.7
Tax expense (benefits) from stock-based compensation		0.7		(2.1)		(2.7)
State income taxes, net of federal benefit		2.4		1.1		1.9
Change in valuation allowance for state deferred tax assets		—		(0.1)		(6.9)
Effective settlement of prior tax positions		—		—		(4.7)
Other		1.6		0.3		(1.4)
Provision for income tax	$	18.2	$	5.6	$	4.9

Schedule of income before provision for income taxes

	For the Year Ended
	May 31,
	2021		2020		2019
Domestic	$	43.7	$	23.6	$	68.9
Foreign		20.8		6.8		20.1
	$	64.5	$	30.4	$	89.0

Schedule of components of deferred tax assets and liabilities

	May 31,
	2021		2020
Deferred tax assets:
Operating lease liabilities	$	20.7	$	24.9
Employee and retirement benefits		10.4		13.3
State net operating losses		6.8		9.4
Allowance for doubtful accounts		4.0		4.1
Credits and incentives		1.1		8.2
Other		1.5		5.0
Total deferred tax assets		44.5		64.9
Deferred tax liabilities:
Tangible and intangible assets		(31.9)		(35.0)
ROU operating lease assets		(21.9)		(26.2)
Other		(0.2)		(0.2)
Total deferred tax liabilities		(54.0)		(61.4)
Net deferred tax assets (liabilities)	$	(9.5)	$	3.5