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Debt (Tables)
 3 Months Ended
Aug. 31, 2012
Schedule of Debt [Table Text Block] The following table summarizes debt as of the dates indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying
Value

 

Fair Value

 

Carrying
Value

 

Fair Value

 

Carrying
Value

 

Fair Value

 

 

 

August 31, 2012

 

May 31, 2012

 

August 31, 2011

 

 

Lines of Credit (weighted average interest rates of
4.9%, 5.3% and 4.0%, respectively)

 

$

0.6

 

$

0.6

 

$

6.5

 

$

6.5

 

$

7.9

 

$

7.9

 

Loan Agreement:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving Loan

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

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

 

 

—

 

 

—

 

 

—

 

 

—

 

 

39.5

 

 

39.5

 

5% Notes due 2013, net of discount

 

 

152.8

 

 

153.6

 

 

152.8

 

 

155.4

 

 

152.6

 

 

153.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

$

153.4

 

$

154.2

 

$

159.3

 

$

161.9

 

$

200.0

 

$

200.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

(0.6

)

 

(0.6

)

 

(6.5

)

 

(6.5

)

 

(47.4

)

 

(47.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

152.8

 

$

153.6

 

$

152.8

 

$

155.4

 

$

152.6

 

$

153.0

 

Schedule Of Maturities Debt [Text Block] The following table sets forth the maturities of the Company’s debt obligations as of August 31, 2012, for the twelve-month periods ending August 31

 

 

 

 

 

2013

 

$

0.6

 

2014

 

 

152.8

 

Total debt

 

$

153.4