XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.22.2

Treasury Stock | 12 Months Ended
--- | ---
May 31, 2022
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 |
March 2018 |  | 50.0 |  |
March 2020 |  | 50.0 |  |
Total current Board authorizations | $ | 100.0 |  |
Less repurchases made under the authorizations as of May 31, 2022 | $ | (66.1) |  |
Remaining Board authorization at May 31, 2022 | $ | 33.9 |  |
Remaining Board authorization at May 31, 2022 represents the amount remaining under 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, subject to temporary limitations under the amended credit agreement as defined in Note 5, "Debt".During the twelve months ended May 31, 2022, there were $33.4 repurchases of the Company's Common Stock, which included a privately negotiated transaction with a related party for an aggregate purchase price of $12.2. See Note 20, "Related Party Transactions", for further details regarding this transaction. In addition, the Company entered into a privately negotiated transaction with a third party for the repurchase of 190,290 common shares at a 4.0% discount to market prices.The Company's repurchase program may be suspended at any time without prior notice.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_TreasuryStockTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration