Unconsolidated Subsidiaries	9 Months Ended
Feb. 28, 2013
Unconsolidated Subsidiaries	15. UNCONSOLIDATED SUBSIDIARIES Our earnings from unconsolidated affiliates consists entirely of our joint venture (50% ownership) formed in May 2008, to perform non-destructive testing and inspection services in Alaska. The joint venture is an integral part of our operations in Alaska. Our investment in the net assets of the joint venture, accounted for using the equity method of accounting, was $1.6 million at February 28, 2013 and $1.8 million at May 31, 2012. Revenues from the joint venture not reflected in our consolidated revenues were $11.0 million and $9.5 million for the nine months ended February 28, 2013 and February 29, 2012, respectively.

Unconsolidated Subsidiaries

9 Months Ended

Feb. 28, 2013

15. UNCONSOLIDATED SUBSIDIARIES

Our earnings from unconsolidated affiliates consists entirely of our joint venture (50% ownership) formed in May 2008, to perform non-destructive testing and inspection services in Alaska. The joint venture is an integral part of our operations in Alaska. Our investment in the net assets of the joint venture, accounted for using the equity method of accounting, was $1.6 million at February 28, 2013 and $1.8 million at May 31, 2012. Revenues from the joint venture not reflected in our consolidated revenues were $11.0 million and $9.5 million for the nine months ended February 28, 2013 and February 29, 2012, respectively.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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