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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Aug. 31, 2024
Aug. 31, 2023
May 31, 2024
Cash flows used in operating activities:      
Net income (loss) $ 18.0 $ (0.6)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation and amortization 14.2 8.4  
Stock-based compensation expense 5.0 4.3  
Pension settlement charge   26.7  
Loss (Earnings) from joint ventures (2.3) 0.9  
Provision for credit losses 0.2 0.4  
Deferred tax benefit   (4.6)  
Changes in certain assets and liabilities:      
Accounts receivable (23.7) (40.5)  
Contract assets (24.5) (12.3)  
Inventories (14.8) (39.8)  
Prepaid expenses and other current assets (8.5) (8.8)  
Rotable assets supporting long-term programs (6.5) (1.0)  
Accounts payable 19.4 64.2  
Accrued and other liabilities (10.9) (10.0)  
Deferred revenue on long-term programs 0.1 (4.3)  
Other 15.7 (1.5)  
Net cash used in operating activities - continuing operations (18.6) (18.5)  
Net cash used in operating activities - discontinued operations   (0.2)  
Net cash used in operating activities (18.6) (18.7)  
Cash flows used in investing activities:      
Property, plant, and equipment expenditures (7.9) (9.1)  
Acquisition 2.9    
Other (0.3) (2.5)  
Net cash used in investing activities - continuing operations (5.3) (11.6)  
Cash flows provided by (used in) financing activities:      
Short-term borrowings (repayments), net (5.0) 35.0  
Stock compensation activity (4.1) 3.7  
Net cash provided by (used in) financing activities - continuing operations (9.1) 38.7  
Increase (Decrease) in cash, cash equivalents, and restricted cash (33.0) 8.4  
Cash, cash equivalents, and restricted cash at beginning of period 96.1 81.8 $ 81.8
Cash, cash equivalents, and restricted cash at end of period $ 63.1 $ 90.2 $ 96.1