Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Feb. 28, 2021

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 February 28, 2021
	Foreign currency translation adjustments		Retirement benefit plans		Total
Beginning balance at December 1, 2020	$	(38.9)	$	(2.8)	$	(41.7)
Other comprehensive income (loss) before reclassifications		6.3		—		6.3
Less amount reclassified from Accumulated other comprehensive income (loss):
Amortization of gains and losses (net of tax of $0.0)		—		0.1		0.1
Amortization of prior service credit (net of tax of $0.1)		—		(0.1)		(0.1)
Other comprehensive income (loss)		6.3		0.0		6.3
Ending balance at February 28, 2021	$	(32.6)	$	(2.8)	$	(35.4)
	Three months ended February 29, 2020
	Foreign currency translation adjustments		Retirement benefit plans		Total
Beginning balance at December 1, 2019	$	(45.2)	$	(12.2)	$	(57.4)
Other comprehensive income (loss) before reclassifications		(2.3)		—		(2.3)
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)		—		0.0		0.0
Other comprehensive income (loss)		(2.3)		0.3		(2.0)
Ending balance at February 29, 2020	$	(47.5)	$	(11.9)	$	(59.4)

	Nine months ended February 28, 2021
	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 (net of tax of $1.7)		17.4		5.3		22.7
Less amount reclassified from Accumulated other comprehensive income (loss):
Amortization of gains and losses (net of tax of $0.0)		—		0.4		0.4
Amortization of prior service credit (net of tax of $0.2)		—		(0.2)		(0.2)
Other comprehensive income (loss)		17.4		5.5		22.9
Ending balance at February 28, 2021	$	(32.6)	$	(2.8)	$	(35.4)
	Nine months ended February 29, 2020
	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		(0.4)		—		(0.4)
Less amount reclassified from Accumulated other comprehensive income (loss):
Amortization of gains and losses (net of tax of $0.0)		—		0.8		0.8
Amortization of prior service credit (net of tax of $0.0)		—		(0.1)		(0.1)
Other comprehensive income (loss)		(0.4)		0.7		0.3
Ending balance at February 29, 2020	$	(47.5)	$	(11.9)	$	(59.4)

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

	Three months ended				Nine months ended				Condensed Consolidated Statements of Operations line item
	February 28,		February 29,		February 28,		February 29,
	2021		2020		2021		2020
Employee benefit plans:
Amortization of unrecognized (gain) loss	$	0.1	$	0.3	$	0.4	$	0.8	Other components of net periodic benefit (cost)
Amortization of prior service credit		(0.2)		0.0		(0.4)		(0.1)	Other components of net periodic benefit (cost)
Less: Tax effect		0.1		0.0		0.2		0.0	Provision (benefit) for income taxes
Total cost, net of tax	$	0.0	$	0.3	$	0.2	$	0.7