Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Nov. 30, 2020

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

he following tables summarize the activity in Accumulated other comprehensive income (loss), net of tax, by component, for the periods indicated:

	Three months ended November 30, 2020
	Foreign currency translation adjustments		Retirement benefit plans		Total
Beginning balance at September 1, 2020	$	(39.3)	$	(8.2)	$	(47.5)
Other comprehensive income (loss) before reclassifications		0.4		5.3		5.7
Less amount reclassified from Accumulated other comprehensive income (loss):
Amortization of gains and losses (net of tax of $0.0)		—		0.2		0.2
Amortization of prior service credit (net of tax of $0.1)		—		(0.1)		(0.1)
Other comprehensive income (loss)		0.4		5.4		5.8
Ending balance at November 30, 2020	$	(38.9)	$	(2.8)	$	(41.7)
	Three months ended November 30, 2019
	Foreign currency translation adjustments		Retirement benefit plans		Total
Beginning balance at September 1, 2019	$	(49.1)	$	(12.4)	$	(61.5)
Other comprehensive income (loss) before reclassifications		3.9		—		3.9
Less amount reclassified from Accumulated other comprehensive income (loss):
Amortization of gains and losses (net of tax of $0.0)		—		0.3		0.3
Amortization of prior service credit (net of tax of $0.0)		—		(0.1)		(0.1)
Other comprehensive income (loss)		3.9		0.2		4.1
Ending balance at November 30, 2019	$	(45.2)	$	(12.2)	$	(57.4)

	Six months ended November 30, 2020
	Foreign currency translation adjustments		Retirement benefit plans		Total
Beginning balance at June 1, 2020	$	(50.0)	$	(8.3)	$	(58.3)
Other comprehensive income (loss) before reclassifications		11.1		5.3		16.4
Less amount reclassified from Accumulated other comprehensive income (loss):
Amortization of gains and losses (net of tax of $0.0)		—		0.3		0.3
Amortization of prior service credit (net of tax of $0.1)		—		(0.1)		(0.1)
Other comprehensive income (loss)		11.1		5.5		16.6
Ending balance at November 30, 2020	$	(38.9)	$	(2.8)	$	(41.7)
	Six months ended November 30, 2019
	Foreign currency translation adjustments		Retirement benefit plans		Total
Beginning balance at June 1, 2019	$	(47.1)	$	(12.6)	$	(59.7)
Other comprehensive income (loss) before reclassifications		1.9		—		1.9
Less amount reclassified from Accumulated other comprehensive income (loss):
Amortization of gains and losses (net of tax of $0.0)		—		0.5		0.5
Amortization of prior service credit (net of tax of $0.0)		—		(0.1)		(0.1)
Other comprehensive income (loss)		1.9		0.4		2.3
Ending balance at November 30, 2019	$	(45.2)	$	(12.2)	$	(57.4)

The following table presents the impact on earnings of reclassifications out of Accumulated other comprehensive income (loss) for the periods indicated:

	Three months ended				Six months ended				Condensed Consolidated Statements of Operations line item
	November 30,		November 30,		November 30,		November 30,
	2020		2019		2020		2019
Employee benefit plans:
Amortization of unrecognized (gain) loss	$	0.2	$	0.3	$	0.3	$	0.5	Other components of net periodic benefit (cost)
Amortization of prior service credit		(0.2)		(0.1)		(0.2)		(0.1)	Other components of net periodic benefit (cost)
Less: Tax effect		0.1		0.0		0.1		0.0	Provision (benefit) for income taxes
Total cost, net of tax	$	0.1	$	0.2	$	0.2	$	0.4