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Treasury Stock
3 Months Ended
Feb. 28, 2013
Treasury Stock [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. During the nine months ended February 28, 2013, the Company repurchased approximately 0.2 million shares on the open market for approximately $5.8 at an average cost of $28.75 per share. The table below represents the remaining Board authorization:


 

 

 

 

 

Board Authorization

 

Amount

 





 

 

 

 

 

September 2010

 

$

44.0

 

 

 

 

 

 

Repurchases made from November 2011 through February 2013

 

 

(18.4

)






 

 

 

 

 

Remaining Board authorization as of February 28, 2013

 

$

25.6

 







The Company’s repurchase program may be suspended at any time without prior notice.