Treasury Stock

12 Months Ended

May 31, 2022

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
March 2018		50.0
March 2020		50.0
Total current Board authorizations	$	100.0
Less repurchases made under the authorizations as of May 31, 2022	$	(66.1)
Remaining Board authorization at May 31, 2022	$	33.9

Remaining Board authorization at May 31, 2022 represents the amount remaining under 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, subject to temporary limitations under the amended credit agreement as defined in Note 5, "Debt".During the twelve months ended May 31, 2022, there were $33.4 repurchases of the Company's Common Stock, which included a privately negotiated transaction with a related party for an aggregate purchase price of $12.2. See Note 20, "Related Party Transactions", for further details regarding this transaction. In addition, the Company entered into a privately negotiated transaction with a third party for the repurchase of 190,290 common shares at a 4.0% discount to market prices.The Company's repurchase program may be suspended at any time without prior notice.