Income Taxes (Tables)

12 Months Ended

May 31, 2024

Income Taxes

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

	For the Year Ended
	May 31,
	2024		2023		2022
Current:
Federal	$	21.0	$	25.9	$	11.0
State		4.0		2.9		2.6
Foreign		7.5		4.8		4.3
		32.5		33.6		17.9
Deferred		(20.5)		(2.2)		8.7
	$	12.0	$	31.4	$	26.6

Schedule of reconciliation effective income tax rate

	For the Year Ended
	May 31,
	2024		2023		2022
Provision for income tax at the federal statutory rate	21.0	%	21.0	%	21.0	%
Pension settlement	(8.6)		—		—
Tax benefit from stock-based compensation	(5.1)		(2.0)		(2.0)
Non-deductible compensation	4.4		2.8		1.1
State income taxes, net of federal benefit	5.0		2.6		4.9
Other	3.9		1.5		0.3
Effective income tax rate	20.6	%	25.9	%	25.3	%

Schedule of income before provision for income taxes

	For the Year Ended
	May 31,
	2024		2023		2022
Domestic	$	14.6	$	87.7	$	77.1
Foreign		43.7		33.5		28.0
	$	58.3	$	121.2	$	105.1

Schedule of components of deferred tax assets and liabilities

	May 31,
	2024		2023
Deferred tax assets:
Operating lease liabilities	$	25.6	$	17.8
Employee and retirement benefits		9.0		8.0
State net operating losses		6.2		6.9
Other		6.9		4.4
Total deferred tax assets		47.7		37.1
Deferred tax liabilities:
ROU operating lease assets		(26.5)		(18.6)
Intangible assets		(24.9)		(27.3)
Tangible assets		(15.2)		(19.5)
Other		(5.0)		(5.3)
Total deferred tax liabilities		(71.6)		(70.7)
Net deferred tax liabilities	$	(23.9)	$	(33.6)