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Treasury Stock
12 Months Ended
May 31, 2014
Stockholders' Equity Attributable to Parent [Abstract]  
Treasury Stock
TREASURY STOCK

The Company has authorizations from the Board of Directors to repurchase Common Stock, from time to time as conditions allow, on the open market or through negotiated private transactions, as summarized in the table below:
Authorization
Amount
 
September 2010
$44.0
(a)
Less repurchases
(30.6
)
 
Remaining Board authorization at May 31, 2014
$
13.4

 

(a)
Represents the remainder of a $200.0 authorization after giving effect to the purchase of 5,199,699 shares at $30.00 per share pursuant to a large share repurchase in the form of a modified Dutch auction tender offer that was completed by the Company on November 3, 2010 for a total cost of $156.0, excluding related fees and expenses.

During the twelve months ended May 31, 2014, the Company repurchased approximately 0.2 million shares on the open market for approximately $6.2 at an average cost of $28.65 per share.
 
The Company’s repurchase program may be suspended at any time without prior notice.