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Treasury Stock | 12 Months Ended
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May 31, 2020
Stockholders' Equity Attributable to Parent [Abstract] |
Treasury Stock | TREASURY STOCK The Company has authorizations from the Board of Directors to repurchase Common Stock, from time to time as conditions allow, on the open market or through negotiated private transactions, as summarized in the table below:
Authorizations | Amount |
July 2015 | $ | 50.0 |  |
March 2018 |  | 50.0 |  |
March 2020 |  | 50.0 |  |
Total current Board authorizations | $ | 150.0 |  |
Less repurchases made under the authorizations as of May 31, 2020 | $ | (82.7 | ) |
Remaining Board authorization at May 31, 2020 | $ | 67.3 |  |
Remaining Board authorization at May 31, 2020 represents the amount remaining under the Board authorization for Common share repurchases on March 21, 2018 and the current $50.0 Board authorization for Common share repurchases announced on March 18, 2020, which is available for further repurchases, from time to time as conditions allow, on the open market or through negotiated private transactions. During the twelve months ended May 31, 2020, the Company repurchased approximately 1.0 million shares on the open market for approximately $35.5 at an average cost of $34.23 per share. The Company’s repurchase program may be suspended at any time without prior notice.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
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