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Taxes (Tables)

12 Months Ended

May 31, 2019

Income Tax And Non Income Tax Disclosure [Abstract]

Schedule of income from continuing operations

The components of Earnings (loss) from continuing operations before income taxes for the fiscal years ended May 31 were:

	2019				2018				2017
United States	$	8.7			$	(18.4	)		$	78.7
Non-United States	17.3				16.9				9.2
Total	$	26.0			$	(1.5	)		$	87.9

Schedule of income tax expense (benefit)

The provision for income taxes from continuing operations for the fiscal years ended May 31 consisted of the following components: 

	2019				2018				2017
Current
Federal	$	(0.2	)		$	(3.6	)		$	8.3
State and local	4.8				0.7				1.8
Non-United States	2.8				4.9				5.4
Total Current	$	7.4			$	2.0			$	15.5
Deferred
Federal	$	1.1			$	5.0			$	17.7
State and local	3.1				(3.5		)		2.2
Non-United States	(1.2		)		—				—
Total Deferred	$	3.0			$	1.5			$	19.9
Total Current and Deferred	$	10.4			$	3.5			$	35.4

Schedule of effective income tax rate reconciliation

A reconciliation of the significant differences between the effective income tax rate and the federal statutory rate on Earnings (loss) from continuing operations before income taxes for the fiscal years ended May 31 was as follows:

	2019				2018				2017
Computed federal statutory provision	21.0		%		29.2		%		35.0		%
State income tax provision, net of federal income tax benefit	25.7				37.1				3.3
Difference in effective tax rates on earnings of foreign subsidiaries	2.3				(1.3		)		—
GILTI inclusion	3.4				—				—
Charitable contributions	(0.6		)		28.6				(0.3		)
Tax credits	(3.1		)		42.8				(0.5		)
Valuation allowances	2.3				68.1				0.1
Uncertain positions	(6.3		)		110.3				2.9
Remeasurement of deferred tax balances	—				(371.3		)		—
Permanent differences	0.1				(177.6		)		(0.3		)
Other - net	(4.8		)		0.8				0.1
Effective tax rates	40.0		%		(233.3		)%		40.3		%
Total provision for income taxes	$	10.4			$	3.5			$	35.4

Schedule of deferred tax assets and liabilities

The significant components for deferred income taxes for the fiscal years ended May 31 were as follows: 

	2019				2018
Deferred tax assets:
Tax uniform capitalization	$	12.8			$	9.6
Prepublication expenses	1.2				0.7
Inventory reserves	15.1				15.0
Allowance for doubtful accounts	1.9				2.2
Deferred revenue	23.5				—
Other reserves	17.2				16.9
Postretirement, post employment and pension obligations	6.0				7.1
Tax carryforwards	31.8				26.9
Other - net	13.7				13.7
Gross deferred tax assets	$	123.2			$	92.1
Valuation allowance	(25.7		)		(25.1		)
Total deferred tax assets	$	97.5			$	67.0
Deferred tax liabilities:
Prepaid expenses	(0.2		)		(0.4		)
Depreciation and amortization	(60.3		)		(41.4		)
Total deferred tax liability	$	(60.5	)		$	(41.8	)
Total net deferred tax assets	$	37.0			$	25.2

Schedule of unrecognized tax benefits rollforward

reconciliation of the unrecognized tax benefits for the fiscal years indicated: 

Gross unrecognized benefits at May 31, 2016	$	17.9
Decreases related to prior year tax positions	(6.3		)
Increase related to prior year tax positions	0.1
Increases related to current year tax positions	3.0
Settlements during the period	(0.6		)
Lapse of statute of limitation	—
Gross unrecognized benefits at May 31, 2017	$	14.1
Decreases related to prior year tax positions	(2.6		)
Increase related to prior year tax positions	0.4
Increases related to current year tax positions	0.5
Settlements during the period	(1.9		)
Lapse of statute of limitation	(0.4		)
Gross unrecognized benefits at May 31, 2018	$	10.1
Decreases related to prior year tax positions	(1.1		)
Increase related to prior year tax positions	0.2
Increases related to current year tax positions	0.7
Settlements during the period	(0.2		)
Lapse of statute of limitation	(0.7		)
Gross unrecognized benefits at May 31, 2019	$	9.0

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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