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Debt (Tables)
6 Months Ended
Nov. 30, 2011
Schedule of Debt [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

Carrying
Value

 

Fair Value

 

Carrying
Value

 

Fair Value

 

Carrying
Value

 

Fair Value

 


 

 

November 30, 2011

 

May 31, 2011

 

November 30, 2010

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lines of Credit (weighted average interest rates of 3.7%, 6.7% and 4.0%, respectively)

 

$

5.7

 

$

5.7

 

$

0.7

 

$

0.7

 

$

7.2

 

$

7.2

 

Loan Agreement:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving Loan

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan (interest rates of n/a, 1.0% and 1.0%, respectively)

 

 

 

 

 

 

50.2

 

 

50.2

 

 

71.6

 

 

71.6

 

5% Notes due 2013, net of discount

 

 

152.7

 

 

153.8

 

 

152.5

 

 

156.6

 

 

152.4

 

 

154.8

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

$

158.4

 

$

159.5

 

$

203.4

 

$

207.5

 

$

231.2

 

$

233.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less lines of credit, short-term debt and current portion of long-term debt

 

 

(5.7

)

 

(5.7

)

 

(43.5

)

 

(43.5

)

 

(50.0

)

 

(50.0

)


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

152.7

 

$

153.8

 

$

159.9

 

$

164.0

 

$

181.2

 

$

183.6

 


Schedule of Maturities Debt [Table Text Block]

 

 

 

 

 






2012

 

$

5.7

 

2013

 

 

152.7

 






 

 

 

 

 

Total debt

 

$

158.4