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Treasury Stock
3 Months Ended
Aug. 31, 2012
Treasury Stock Disclosure [Text Block]

12. Treasury Stock


The Board of Directors has authorized the Company to repurchase Common Stock, from time to time as conditions allow, on the open market or through negotiated private transactions. The table below represents the remaining Board authorization:


 

 

 

 

 

Board Authorization

 

Amount

 






 

 

 

 

 

September 2010

 

$

44.0

 

Less repurchases made from November 2011 through August 2012

 

 

(12.6

)






 

 

 

 

 

Remaining Board authorization at August 31, 2012

 

$

31.4

 







The Company’s repurchase program may be suspended at any time without prior notice. No repurchases of Common Stock were made during the first fiscal quarter of 2013.