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v3.23.4

Revenue Recognition (Tables) | 6 Months Ended
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Nov. 30, 2023
Revenue Recognition |
Schedule of net contract assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | November 30, | ​ | May 31, | ​ | ​ | ​
​ |  | 2023 |  | 2023 |  | Change
Contract assets – current | ​ | $ | 99.3 | ​ | $ | 86.9 | ​ | $ | 12.4
Contract assets – non-current | ​ | ​ | 33.1 | ​ | ​ | 27.5 | ​ | ​ | 5.6
Contract liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred revenue – current | ​ | ​ | (16.6) | ​ | ​ | (19.7) | ​ | ​ | 3.1
Deferred revenue on long-term contracts | ​ | ​ | (9.8) | ​ |  | (12.7) | ​ |  | 2.9
Net contract assets | ​ | $ | 106.0 | ​ | $ | 82.0 | ​ | $ | 24.0
​
Schedule of changes in deferred revenue after adoption of ASC 606 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended |  | Six Months Ended
​ | ​ | November 30, | ​ | November 30,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
Deferred revenue at beginning of period | ​ | $ | (37.1) | ​ | $ | (33.5) | ​ | $ | (32.4) | ​ | $ | (30.6)
Revenue deferred | ​ | ​ | (69.4) | ​ | ​ | (69.6) | ​ |  | (136.2) | ​ |  | (127.1)
Revenue recognized | ​ | ​ | 81.3 | ​ | ​ | 66.6 | ​ |  | 142.4 | ​ |  | 120.1
Other (1) | ​ | ​ | (1.2) | ​ | ​ | 7.7 | ​ |  | (0.2) | ​ |  | 8.8
Deferred revenue at end of period | ​ | $ | (26.4) | ​ | $ | (28.8) | ​ | $ | (26.4) | ​ | $ | (28.8)
Schedule of sales across the major customer markets for each of our operating segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ |  | November 30, | ​ | November 30,
​ | ​ | 2023 |  | 2022 |  | 2023 |  | 2022
Parts Supply: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 189.4 | ​ | $ | 141.5 | ​ | $ | 395.4 | ​ | $ | 271.3
Government and defense | ​ |  | 38.2 | ​ |  | 42.1 | ​ | ​ | 69.0 | ​ | ​ | 80.9
​ | ​ | $ | 227.6 | ​ | $ | 183.6 | ​ | $ | 464.4 | ​ | $ | 352.2
Repair & Engineering: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 130.9 | ​ | $ | 122.1 | ​ | $ | 252.5 | ​ | $ | 234.8
Government and defense | ​ |  | 14.5 | ​ |  | 12.7 | ​ | ​ | 30.4 | ​ | ​ | 27.6
​ | ​ | $ | 145.4 | ​ | $ | 134.8 | ​ | $ | 282.9 | ​ | $ | 262.4
Integrated Solutions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 63.4 | ​ | $ | 46.3 | ​ | $ | 126.2 | ​ | $ | 95.9
Government and defense | ​ |  | 93.2 | ​ |  | 81.0 | ​ | ​ | 186.7 | ​ | ​ | 159.2
​ | ​ | $ | 156.6 | ​ | $ | 127.3 | ​ | $ | 312.9 | ​ | $ | 255.1
Expeditionary Services: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 1.5 | ​ | $ | 1.9 | ​ | $ | 3.6 | ​ | $ | 3.4
Government and defense | ​ |  | 14.3 | ​ |  | 22.2 | ​ | ​ | 31.3 | ​ | ​ | 43.0
​ | ​ | $ | 15.8 | ​ | $ | 24.1 | ​ | $ | 34.9 | ​ | $ | 46.4
Schedule of sales by geographic region | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | November 30, | ​ | November,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
U.S./Canada |  | $ | 405.4 | ​ | $ | 377.2 | ​ | $ | 814.3 | ​ | $ | 722.4
Europe/Africa | ​ | ​ | 81.8 | ​ | ​ | 52.5 | ​ | ​ | 173.2 | ​ | ​ | 115.3
Asia/South Pacific | ​ | ​ | 44.9 | ​ | ​ | 32.4 | ​ | ​ | 86.1 | ​ | ​ | 63.4
Other | ​ | ​ | 13.3 | ​ | ​ | 7.7 | ​ | ​ | 21.5 | ​ | ​ | 15.0
​ | ​ | $ | 545.4 | ​ | $ | 469.8 | ​ | $ | 1,095.1 | ​ | $ | 916.1
​

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