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Condensed Consolidating Financial Statements (Tables) | 3 Months Ended
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Aug. 31, 2017
Condensed Consolidating Financial Statements Tables [Abstract] |
Condensed Consolidating Balance Sheets | CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED) August 31, 2017
|  |  |  |  |  | Guarantor |  |  | Non-guarantor |  |  |  |  |  |  |  |  |
|  | Parent |  |  | Subsidiaries |  |  | Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,681 |  |  | $ | 343 |  |  | $ | 1,519 |  |  | $ | (40 | ) |  | $ | 3,503 |
Receivables, less allowances |  |  | 2 |  |  |  | 4,852 |  |  |  | 3,241 |  |  |  | (89 | ) |  |  | 8,006 |
Spare parts, supplies, fuel, prepaid expenses and other, less allowances |  |  | 41 |  |  |  | 931 |  |  |  | 241 |  |  |  | — |  |  |  | 1,213 |
Total current assets |  |  | 1,724 |  |  |  | 6,126 |  |  |  | 5,001 |  |  |  | (129 | ) |  |  | 12,722 |
PROPERTY AND EQUIPMENT, AT COST |  |  | 22 |  |  |  | 47,939 |  |  |  | 3,579 |  |  |  | — |  |  |  | 51,540 |
Less accumulated depreciation and amortization |  |  | 18 |  |  |  | 23,761 |  |  |  | 1,526 |  |  |  | — |  |  |  | 25,305 |
Net property and equipment |  |  | 4 |  |  |  | 24,178 |  |  |  | 2,053 |  |  |  | — |  |  |  | 26,235 |
INTERCOMPANY RECEIVABLE |  |  | 1,578 |  |  |  | 2,744 |  |  |  | — |  |  |  | (4,322 | ) |  |  | — |
GOODWILL |  |  | — |  |  |  | 1,570 |  |  |  | 5,812 |  |  |  | — |  |  |  | 7,382 |
INVESTMENT IN SUBSIDIARIES |  |  | 28,433 |  |  |  | 2,672 |  |  |  | — |  |  |  | (31,105 | ) |  |  | — |
OTHER ASSETS |  |  | 3,492 |  |  |  | 1,403 |  |  |  | 1,308 |  |  |  | (3,192 | ) |  |  | 3,011 |
|  | $ | 35,231 |  |  | $ | 38,693 |  |  | $ | 14,174 |  |  | $ | (38,748 | ) |  | $ | 49,350 |
LIABILITIES AND STOCKHOLDERS’ INVESTMENT |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | — |  |  | $ | 6 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 19 |
Accrued salaries and employee benefits |  |  | 50 |  |  |  | 1,116 |  |  |  | 490 |  |  |  | — |  |  |  | 1,656 |
Accounts payable |  |  | 149 |  |  |  | 1,429 |  |  |  | 1,489 |  |  |  | (129 | ) |  |  | 2,938 |
Accrued expenses |  |  | 891 |  |  |  | 1,520 |  |  |  | 766 |  |  |  | — |  |  |  | 3,177 |
Total current liabilities |  |  | 1,090 |  |  |  | 4,071 |  |  |  | 2,758 |  |  |  | (129 | ) |  |  | 7,790 |
LONG-TERM DEBT, LESS CURRENT PORTION |  |  | 14,872 |  |  |  | 244 |  |  |  | 21 |  |  |  | — |  |  |  | 15,137 |
INTERCOMPANY PAYABLE |  |  | — |  |  |  | — |  |  |  | 4,322 |  |  |  | (4,322 | ) |  |  | — |
OTHER LONG-TERM LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred income taxes |  |  | — |  |  |  | 5,753 |  |  |  | 169 |  |  |  | (3,192 | ) |  |  | 2,730 |
Other liabilities |  |  | 2,651 |  |  |  | 3,526 |  |  |  | 898 |  |  |  | — |  |  |  | 7,075 |
Total other long-term liabilities |  |  | 2,651 |  |  |  | 9,279 |  |  |  | 1,067 |  |  |  | (3,192 | ) |  |  | 9,805 |
STOCKHOLDERS’ INVESTMENT |  |  | 16,618 |  |  |  | 25,099 |  |  |  | 6,006 |  |  |  | (31,105 | ) |  |  | 16,618 |
|  | $ | 35,231 |  |  | $ | 38,693 |  |  | $ | 14,174 |  |  | $ | (38,748 | ) |  | $ | 49,350 |
CONDENSED CONSOLIDATING BALANCE SHEETS May 31, 2017
|  |  |  |  |  | Guarantor |  |  | Non-guarantor |  |  |  |  |  |  |  |  |
|  | Parent |  |  | Subsidiaries |  |  | Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,884 |  |  | $ | 325 |  |  | $ | 1,807 |  |  | $ | (47 | ) |  | $ | 3,969 |
Receivables, less allowances |  |  | 3 |  |  |  | 4,729 |  |  |  | 2,928 |  |  |  | (61 | ) |  |  | 7,599 |
Spare parts, supplies, fuel, prepaid expenses and other, less allowances |  |  | 25 |  |  |  | 787 |  |  |  | 248 |  |  |  | — |  |  |  | 1,060 |
Total current assets |  |  | 1,912 |  |  |  | 5,841 |  |  |  | 4,983 |  |  |  | (108 | ) |  |  | 12,628 |
PROPERTY AND EQUIPMENT, AT COST |  |  | 22 |  |  |  | 47,201 |  |  |  | 3,403 |  |  |  | — |  |  |  | 50,626 |
Less accumulated depreciation and amortization |  |  | 18 |  |  |  | 23,211 |  |  |  | 1,416 |  |  |  | — |  |  |  | 24,645 |
Net property and equipment |  |  | 4 |  |  |  | 23,990 |  |  |  | 1,987 |  |  |  | — |  |  |  | 25,981 |
INTERCOMPANY RECEIVABLE |  |  | 1,521 |  |  |  | 2,607 |  |  |  | — |  |  |  | (4,128 | ) |  |  | — |
GOODWILL |  |  | — |  |  |  | 1,571 |  |  |  | 5,583 |  |  |  | — |  |  |  | 7,154 |
INVESTMENT IN SUBSIDIARIES |  |  | 27,712 |  |  |  | 2,636 |  |  |  | — |  |  |  | (30,348 | ) |  |  | — |
OTHER ASSETS |  |  | 3,494 |  |  |  | 1,271 |  |  |  | 1,249 |  |  |  | (3,225 | ) |  |  | 2,789 |
|  | $ | 34,643 |  |  | $ | 37,916 |  |  | $ | 13,802 |  |  | $ | (37,809 | ) |  | $ | 48,552 |
LIABILITIES AND STOCKHOLDERS’ INVESTMENT |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | — |  |  | $ | 9 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 22 |
Accrued salaries and employee benefits |  |  | 72 |  |  |  | 1,335 |  |  |  | 507 |  |  |  | — |  |  |  | 1,914 |
Accounts payable |  |  | 10 |  |  |  | 1,411 |  |  |  | 1,439 |  |  |  | (108 | ) |  |  | 2,752 |
Accrued expenses |  |  | 991 |  |  |  | 1,522 |  |  |  | 717 |  |  |  | — |  |  |  | 3,230 |
Total current liabilities |  |  | 1,073 |  |  |  | 4,277 |  |  |  | 2,676 |  |  |  | (108 | ) |  |  | 7,918 |
LONG-TERM DEBT, LESS CURRENT PORTION |  |  | 14,641 |  |  |  | 244 |  |  |  | 24 |  |  |  | — |  |  |  | 14,909 |
INTERCOMPANY PAYABLE |  |  | — |  |  |  | — |  |  |  | 4,128 |  |  |  | (4,128 | ) |  |  | — |
OTHER LONG-TERM LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred income taxes |  |  | — |  |  |  | 5,472 |  |  |  | 238 |  |  |  | (3,225 | ) |  |  | 2,485 |
Other liabilities |  |  | 2,856 |  |  |  | 3,448 |  |  |  | 863 |  |  |  | — |  |  |  | 7,167 |
Total other long-term liabilities |  |  | 2,856 |  |  |  | 8,920 |  |  |  | 1,101 |  |  |  | (3,225 | ) |  |  | 9,652 |
STOCKHOLDERS’ INVESTMENT |  |  | 16,073 |  |  |  | 24,475 |  |  |  | 5,873 |  |  |  | (30,348 | ) |  |  | 16,073 |
|  | $ | 34,643 |  |  | $ | 37,916 |  |  | $ | 13,802 |  |  | $ | (37,809 | ) |  | $ | 48,552 |
Condensed Consolidating Statements of Comprehensive Income | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) Three Months Ended August 31, 2017
|  | Parent |  |  | Guarantor Subsidiaries |  |  | Non-guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
REVENUES |  | $ | — |  |  | $ | 11,567 |  |  | $ | 3,854 |  |  | $ | (124 | ) |  | $ | 15,297 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 38 |  |  |  | 4,227 |  |  |  | 1,253 |  |  |  | — |  |  |  | 5,518 |
Purchased transportation |  |  | — |  |  |  | 2,063 |  |  |  | 1,464 |  |  |  | (82 | ) |  |  | 3,445 |
Rentals and landing fees |  |  | 1 |  |  |  | 627 |  |  |  | 191 |  |  |  | (1 | ) |  |  | 818 |
Depreciation and amortization |  |  | — |  |  |  | 639 |  |  |  | 112 |  |  |  | — |  |  |  | 751 |
Fuel |  |  | — |  |  |  | 637 |  |  |  | 66 |  |  |  | — |  |  |  | 703 |
Maintenance and repairs |  |  | — |  |  |  | 602 |  |  |  | 73 |  |  |  | — |  |  |  | 675 |
Intercompany charges, net |  |  | (116 | ) |  |  | 113 |  |  |  | 3 |  |  |  | — |  |  |  | — |
Other |  |  | 77 |  |  |  | 1,476 |  |  |  | 758 |  |  |  | (41 | ) |  |  | 2,270 |
|  |  | — |  |  |  | 10,384 |  |  |  | 3,920 |  |  |  | (124 | ) |  |  | 14,180 |
OPERATING INCOME |  |  | — |  |  |  | 1,183 |  |  |  | (66 | ) |  |  | — |  |  |  | 1,117 |
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity in earnings of subsidiaries |  |  | 596 |  |  |  | (3 | ) |  |  | — |  |  |  | (593 | ) |  |  | — |
Interest, net |  |  | (129 | ) |  |  | 13 |  |  |  | 2 |  |  |  | — |  |  |  | (114 | )
Intercompany charges, net |  |  | 131 |  |  |  | (71 | ) |  |  | (60 | ) |  |  | — |  |  |  | — |
Other, net |  |  | (2 | ) |  |  | (8 | ) |  |  | (11 | ) |  |  | — |  |  |  | (21 | )
INCOME BEFORE INCOME TAXES |  |  | 596 |  |  |  | 1,114 |  |  |  | (135 | ) |  |  | (593 | ) |  |  | 982 |
Provision for income taxes |  |  | — |  |  |  | 399 |  |  |  | (13 | ) |  |  | — |  |  |  | 386 |
NET INCOME |  | $ | 596 |  |  | $ | 715 |  |  | $ | (122 | ) |  | $ | (593 | ) |  | $ | 596 |
COMPREHENSIVE INCOME |  | $ | 578 |  |  | $ | 719 |  |  | $ | (18 | ) |  | $ | (593 | ) |  | $ | 686 |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) Three Months Ended August 31, 2016
|  | Parent |  |  | Guarantor Subsidiaries |  |  | Non-guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
REVENUES |  | $ | — |  |  | $ | 10,903 |  |  | $ | 3,830 |  |  | $ | (70 | ) |  | $ | 14,663 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 36 |  |  |  | 4,106 |  |  |  | 1,169 |  |  |  | — |  |  |  | 5,311 |
Purchased transportation |  |  | — |  |  |  | 1,917 |  |  |  | 1,351 |  |  |  | (28 | ) |  |  | 3,240 |
Rentals and landing fees |  |  | 1 |  |  |  | 620 |  |  |  | 170 |  |  |  | (1 | ) |  |  | 790 |
Depreciation and amortization |  |  | — |  |  |  | 611 |  |  |  | 128 |  |  |  | — |  |  |  | 739 |
Fuel |  |  | — |  |  |  | 578 |  |  |  | 72 |  |  |  | — |  |  |  | 650 |
Maintenance and repairs |  |  | — |  |  |  | 526 |  |  |  | 72 |  |  |  | — |  |  |  | 598 |
Intercompany charges, net |  |  | (90 | ) |  |  | 62 |  |  |  | 28 |  |  |  | — |  |  |  | — |
Other |  |  | 53 |  |  |  | 1,373 |  |  |  | 686 |  |  |  | (41 | ) |  |  | 2,071 |
|  |  | — |  |  |  | 9,793 |  |  |  | 3,676 |  |  |  | (70 | ) |  |  | 13,399 |
OPERATING INCOME |  |  | — |  |  |  | 1,110 |  |  |  | 154 |  |  |  | — |  |  |  | 1,264 |
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity in earnings of subsidiaries |  |  | 715 |  |  |  | 56 |  |  |  | — |  |  |  | (771 | ) |  |  | — |
Interest, net |  |  | (122 | ) |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | (113 | )
Intercompany charges, net |  |  | 122 |  |  |  | (81 | ) |  |  | (41 | ) |  |  | — |  |  |  | — |
Other, net |  |  | — |  |  |  | (5 | ) |  |  | (4 | ) |  |  | — |  |  |  | (9 | )
INCOME BEFORE INCOME TAXES |  |  | 715 |  |  |  | 1,089 |  |  |  | 109 |  |  |  | (771 | ) |  |  | 1,142 |
Provision for income taxes |  |  | — |  |  |  | 380 |  |  |  | 47 |  |  |  | — |  |  |  | 427 |
NET INCOME |  | $ | 715 |  |  | $ | 709 |  |  | $ | 62 |  |  | $ | (771 | ) |  | $ | 715 |
COMPREHENSIVE INCOME |  | $ | 696 |  |  | $ | 702 |  |  | $ | 81 |  |  | $ | (771 | ) |  | $ | 708 |
Condensed Consolidating Statements of Cash Flows | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED) Three Months Ended August 31, 2017
|  | Parent |  |  | Guarantor Subsidiaries |  |  | Non-guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES |  | $ | (878 | ) |  | $ | 1,717 |  |  | $ | (256 | ) |  | $ | 7 |  |  | $ | 590 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | — |  |  |  | (985 | ) |  |  | (59 | ) |  |  | — |  |  |  | (1,044 | )
Proceeds from asset dispositions and other |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 6 |
CASH USED IN INVESTING ACTIVITIES |  |  | — |  |  |  | (979 | ) |  |  | (59 | ) |  |  | — |  |  |  | (1,038 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net transfers from (to) Parent |  |  | 744 |  |  |  | (735 | ) |  |  | (9 | ) |  |  | — |  |  |  | — |
Principal payments on debt |  |  | — |  |  |  | (8 | ) |  |  | (4 | ) |  |  | — |  |  |  | (12 | )
Proceeds from stock issuances |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 150 |
Dividends paid |  |  | (134 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (134 | )
Purchase of treasury stock |  |  | (86 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (86 | )
Other, net |  |  | 3 |  |  |  | — |  |  |  | (9 | ) |  |  | — |  |  |  | (6 | )
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES |  |  | 677 |  |  |  | (743 | ) |  |  | (22 | ) |  |  | — |  |  |  | (88 | )
Effect of exchange rate changes on cash |  |  | (2 | ) |  |  | 23 |  |  |  | 49 |  |  |  | — |  |  |  | 70 |
Net (decrease) increase in cash and cash equivalents |  |  | (203 | ) |  |  | 18 |  |  |  | (288 | ) |  |  | 7 |  |  |  | (466 | )
Cash and cash equivalents at beginning of period |  |  | 1,884 |  |  |  | 325 |  |  |  | 1,807 |  |  |  | (47 | ) |  |  | 3,969 |
Cash and cash equivalents at end of period |  | $ | 1,681 |  |  | $ | 343 |  |  | $ | 1,519 |  |  | $ | (40 | ) |  | $ | 3,503 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED) Three Months Ended August 31, 2016
|  | Parent |  |  | Guarantor Subsidiaries |  |  | Non-guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES |  | $ | (342 | ) |  | $ | 1,119 |  |  | $ | 188 |  |  | $ | 6 |  |  | $ | 971 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | — |  |  |  | (1,111 | ) |  |  | (104 | ) |  |  | — |  |  |  | (1,215 | )
Proceeds from asset dispositions and other |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | 9 |
CASH USED IN INVESTING ACTIVITIES |  |  | — |  |  |  | (1,102 | ) |  |  | (104 | ) |  |  | — |  |  |  | (1,206 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net transfers from (to) Parent |  |  | (35 | ) |  |  | (2 | ) |  |  | 37 |  |  |  | — |  |  |  | — |
Payment on loan between subsidiaries |  |  | (2 | ) |  |  | (14 | ) |  |  | 16 |  |  |  | — |  |  |  | — |
Principal payments on debt |  |  | — |  |  |  | (7 | ) |  |  | (5 | ) |  |  | — |  |  |  | (12 | )
Proceeds from stock issuances |  |  | 40 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 40 |
Dividends paid |  |  | (106 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (106 | )
Purchase of treasury stock |  |  | (222 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (222 | )
Other, net |  |  | 1 |  |  |  | (1 | ) |  |  | (13 | ) |  |  | — |  |  |  | (13 | )
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES |  |  | (324 | ) |  |  | (24 | ) |  |  | 35 |  |  |  | — |  |  |  | (313 | )
Effect of exchange rate changes on cash |  |  | — |  |  |  | 8 |  |  |  | (5 | ) |  |  | — |  |  |  | 3 |
Net (decrease) increase in cash and cash equivalents |  |  | (666 | ) |  |  | 1 |  |  |  | 114 |  |  |  | 6 |  |  |  | (545 | )
Cash and cash equivalents at beginning of period |  |  | 1,974 |  |  |  | 326 |  |  |  | 1,277 |  |  |  | (43 | ) |  |  | 3,534 |
Cash and cash equivalents at end of period |  | $ | 1,308 |  |  | $ | 327 |  |  | $ | 1,391 |  |  | $ | (37 | ) |  | $ | 2,989 |

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