Treasury Stock

12 Months Ended

May 31, 2020

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
March 2020		50.0
Total current Board authorizations	$	150.0
Less repurchases made under the authorizations as of May 31, 2020	$	(82.7	)
Remaining Board authorization at May 31, 2020	$	67.3

Remaining Board authorization at May 31, 2020 represents the amount remaining under the Board authorization for Common share repurchases on March 21, 2018 and the current $50.0 Board authorization for Common share

repurchases announced on March 18, 2020, 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, 2020, the Company repurchased approximately 1.0 million shares on the open market for approximately $35.5 at an average cost of $34.23 per share. The Company’s repurchase program may be suspended at any time without prior notice.