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Treasury Stock
9 Months Ended
Feb. 28, 2015
Disclosure Text Block Supplement [Abstract]  
Treasury Stock
Treasury Stock
 
The Board of Directors (the "Board") has authorized the Company to repurchase Common Stock, from time to time as conditions allow, on the open market or through negotiated private transactions. The table below represents the remaining Board authorization:
 
Board Authorization
Amount
 
September 2010
$
44.0

(a) 
Less repurchases made under this authorization
(34.1
)
 
Remaining Board authorization at February 28, 2015
$
9.9

 


(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.

There were no repurchases of Common Stock made during the three months ended February 28, 2015 and $3.5 repurchases of Common Stock made during the nine months ended February 28, 2015. The Company’s repurchase program may be suspended at any time without prior notice.