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Treasury Stock
12 Months Ended
May 31, 2018
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:
Authorizations
Amount
 
July 2015
$
50.0

 
March 2018
50.0

 
Total current Board authorizations
$
100.0

 
Less repurchases made under the authorizations as of May 31, 2018
$
(38.6
)
 
Remaining Board authorization at May 31, 2018
$
61.4

 


Total current Board authorizations represents the amount remaining under the Board authorization for Common share repurchases on July 22, 2015 and the current $50.0 Board authorization for Common share repurchases announced on March 21, 2018, which is available for further repurchases, from time to time as conditions allow, on the open market or through negotiated private transactions. During the twelve months ended May 31, 2018, the Company repurchased approximately 0.7 million shares on the open market for approximately $27.2 at an average cost of $37.66 per share. The Company’s repurchase program may be suspended at any time without prior notice.