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Business Segment Information (Tables)
6 Months Ended
Nov. 30, 2014
Business Segment Information  
Selected financial information for each reportable segment

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

November 30,

 

November 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Sales:

 

 

 

 

 

 

 

 

 

Aviation Services

 

$

377.7 

 

$

424.7 

 

$

741.4 

 

$

818.4 

 

Technology Products

 

112.3 

 

116.0 

 

217.8 

 

236.8 

 

 

 

$

490.0 

 

$

540.7 

 

$

959.2 

 

$

1,055.2 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

November 30,

 

November 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Gross profit:

 

 

 

 

 

 

 

 

 

Aviation Services

 

$

63.9 

 

$

71.3 

 

$

123.0 

 

$

136.8 

 

Technology Products

 

14.6 

 

19.7 

 

30.8 

 

38.9 

 

 

 

$

78.5 

 

$

91.0 

 

$

153.8 

 

$

175.7 

 

 

Schedule of reconciliation of segment gross profit to consolidated income before provision for income taxes

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

November 30,

 

November 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Segment gross profit

 

$

78.5

 

$

91.0

 

$

153.8

 

$

175.7

 

Selling, general and administrative

 

(47.1

)

(51.1

)

(92.0

)

(98.8

)

Earnings from joint ventures

 

0.7

 

0.8

 

1.3

 

2.0

 

Interest expense

 

(9.6

)

(10.5

)

(19.2

)

(21.5

)

Interest income

 

0.1

 

0.3

 

0.2

 

0.6

 

Income before provision for income taxes

 

$

22.6

 

$

30.5

 

$

44.1

 

$

58.0