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v3.25.2

Income Taxes (Tables) | 12 Months Ended
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May 31, 2025
Income Taxes |
Schedule of components of provision for income tax on income from continuing operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended
​ | ​ | May 31,
​ |  | 2025 |  | 2024 |  | 2023
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 20.7 | ​ | $ | 21.0 | ​ | $ | 25.9
State | ​ |  | 3.1 | ​ |  | 4.0 | ​ |  | 2.9
Foreign | ​ |  | 8.1 | ​ |  | 7.5 | ​ |  | 4.8
​ | ​ |  | 31.9 | ​ |  | 32.5 | ​ |  | 33.6
Deferred | ​ |  | (5.5) | ​ |  | (20.5) | ​ | ​ | (2.2)
​ | ​ | $ | 26.4 | ​ | $ | 12.0 | ​ | $ | 31.4
Schedule of reconciliation of effective income tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended |
​ | ​ | May 31, | ​
​ |  | 2025 |  | 2024 |  | 2023 |
Provision for income tax at the federal statutory rate | ​ | 21.0 | % | 21.0 | % | 21.0 | %
FCPA settlement | ​ | 26.7 | ​ | — | ​ | — | ​
State income taxes, net of federal benefit | ​ | 10.1 | ​ | 5.0 | ​ | 2.6 | ​
Non-deductible compensation | ​ | 7.1 | ​ | 4.4 | ​ | 2.8 | ​
Tax benefit from stock-based compensation | ​ | (1.7) | ​ | (5.1) | ​ | (2.0) | ​
Pension settlement | ​ | — | ​ | (8.6) | ​ | — | ​
Other | ​ | 4.7 | ​ | 3.9 | ​ | 1.5 | ​
Effective income tax rate | ​ | 67.9 | % | 20.6 | % | 25.9 | %
​
Schedule of income before provision for income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended
​ | ​ | May 31,
​ |  | 2025 |  | 2024 |  | 2023
Domestic | ​ | $ | (22.5) | ​ | $ | 14.6 | ​ | $ | 87.7
Foreign | ​ |  | 61.4 | ​ |  | 43.7 | ​ |  | 33.5
​ | ​ | $ | 38.9 | ​ | $ | 58.3 | ​ | $ | 121.2
Schedule of components of deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | May 31,
​ |  | 2025 |  | 2024
Deferred tax assets: | ​ | ​ |  | ​ | ​ |
Operating lease liabilities | ​ | $ | 25.4 | ​ | $ | 25.6
Employee and retirement benefits | ​ | ​ | 8.9 | ​ | ​ | 9.0
State net operating losses | ​ | ​ | 6.4 | ​ | ​ | 6.2
Other | ​ |  | 8.2 | ​ |  | 6.9
Total deferred tax assets | ​ | ​ | 48.9 | ​ | ​ | 47.7
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Intangible assets | ​ | ​ | (32.2) | ​ | ​ | (24.9)
ROU operating lease assets | ​ | ​ | (25.8) | ​ | ​ | (26.5)
Tangible assets | ​ | ​ | (5.0) | ​ | ​ | (15.2)
Other | ​ |  | (4.3) | ​ |  | (5.0)
Total deferred tax liabilities | ​ | ​ | (67.3) | ​ | ​ | (71.6)
Net deferred tax liabilities | ​ | $ | (18.4) | ​ | $ | (23.9)

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
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