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Business Segment Information (Tables)
12 Months Ended
May 31, 2022
Business Segment Information  
Schedule of selected financial information for each reportable segment

Selected financial information for each segment is as follows:

For the Year Ended May 31, 

    

2022

    

2021

    

2020

Net sales:

Aviation Services

$

1,745.8

$

1,553.7

$

1,964.2

Expeditionary Services

 

74.2

 

98.6

 

107.8

$

1,820.0

$

1,652.3

$

2,072.0

For the Year Ended May 31, 

    

2022

     

2021

     

2020

Gross profit:

Aviation Services

$

297.5

$

263.2

$

267.3

Expeditionary Services

 

15.7

 

12.7

 

1.9

$

313.2

$

275.9

$

269.2

May 31, 

    

2022

    

2021

Total assets:

Aviation Services

$

1,367.3

$

1,357.2

Expeditionary Services

 

74.8

 

73.0

Corporate and discontinued operations

131.8

109.5

$

1,573.9

$

1,539.7

For the Year Ended May 31, 

    

2022

    

2021

    

2020

Capital expenditures:

Aviation Services

$

16.2

$

8.1

$

16.9

Expeditionary Services

 

1.0

 

3.1

 

5.4

Corporate

 

0.1

 

0.1

 

1.3

$

17.3

$

11.3

$

23.6

For the Year Ended May 31, 

    

2022

    

2021

    

2020

Depreciation and amortization:1

Aviation Services

$

31.2

$

33.7

$

39.2

Expeditionary Services

 

1.6

 

2.3

 

3.7

Corporate

 

8.5

 

9.5

 

8.1

$

41.3

$

45.5

$

51.0

1Includes amortization of stock-based compensation.
Schedule of reconciliation of segment gross profit to income from continuing operations before provision for income taxes

For the Year Ended May 31, 

    

2022

    

2021

    

2020

Segment gross profit

$

313.2

$

275.9

$

269.2

Provision for credit losses

(1.2)

(8.5)

(5.4)

Selling, general and administrative

(202.2)

(182.4)

(220.6)

Earnings (Loss) from joint ventures

 

(2.9)

 

0.2

 

(1.9)

Losses related to sale and exit of business

(1.7)

(20.2)

Other income (expenses), net

2.2

4.3

(2.1)

Interest expense

 

(2.4)

 

(5.0)

 

(9.3)

Interest income

 

0.1

 

0.2

 

0.5

Income from continuing operations before provision for income taxes

$

105.1

$

64.5

$

30.4

Schedule of sales to the U.S. Department of Defense, other U.S. government agencies and their contractors by segment

For the Year Ended May 31, 

 

    

2022

    

2021

    

2020

 

Aviation Services

$

557.4

$

657.0

$

588.7

Expeditionary Services

 

62.6

 

81.8

 

79.5

$

620.0

$

738.8

$

668.2

Percentage of total sales

 

34.1

%  

 

44.7

%  

 

32.2

%

Schedule of sales across the major customer markets for each of our reportable segments

For the Year Ended May 31, 

    

2022

    

2021

    

2020

Aviation Services:

 

  

 

  

 

  

Commercial

$

1,081.6

$

793.9

$

1,268.9

Government and defense

 

664.2

 

759.8

 

695.3

$

1,745.8

$

1,553.7

$

1,964.2

Expeditionary Services:

 

  

 

  

 

  

Commercial

$

2.2

$

12.5

$

24.3

Government and defense

 

72.0

 

86.1

 

83.5

$

74.2

$

98.6

$

107.8

Schedule of sales by type of product/service

For the Year Ended May 31, 

    

2022

    

2021

    

2020

Aviation supply chain

$

1,275.1

$

1,172.7

$

1,434.3

Maintenance, repair and overhaul services

470.7

 

381.0

 

529.9

Mobility products

74.2

 

98.6

 

107.8

$

1,820.0

$

1,652.3

$

2,072.0

Schedule of geographic data

For the Year Ended May 31, 

    

2022

    

2021

    

2020

Aviation Services:

 

  

 

  

 

  

North America

$

1,346.2

$

1,255.7

$

1,505.6

Europe/Africa

 

223.7

 

207.5

 

330.8

Other

 

175.9

 

90.5

 

127.8

$

1,745.8

$

1,553.7

$

1,964.2

Expeditionary Services:

 

  

 

  

 

  

North America

$

74.0

$

95.9

$

98.4

Europe/Africa

 

0.2

 

2.6

 

9.0

Other

 

 

0.1

 

0.4

$

74.2

$

98.6

$

107.8

May 31, 

    

2022

    

2021

Long-lived assets:

    

    

United States

$

400.4

$

419.1

Europe

 

74.3

 

83.1

Other

 

92.0

 

100.5

$

566.7

$

602.7