Accrued Severance

12 Months Ended

May 31, 2013

Disclosure For Accrued Severance [Text Block]

Disclosure For Accrued Severance [Text Block]

13. ACCRUED SEVERANCE

The table below provides information regarding Accrued severance, which is included in “Other accrued expenses” on the Company’s Consolidated Balance Sheets.

	2013			2012
Beginning balance	$	2.7		$	1.9
Accruals		13.4			14.9
Payments		(12.8	)		(14.1	)
Ending balance	$	3.3		$	2.7

The Company implemented cost saving initiatives in fiscal year 2013, recognizing expense of $9.6. The Company implemented certain cost reduction initiatives in fiscal 2012, and incurred severance expense of $9.3 related to these initiatives.