XML 30 R20.htm IDEA: XBRL DOCUMENT v3.23.3

Treasury Stock

3 Months Ended

Aug. 31, 2023

Equity, Attributable to Parent [Abstract]

Treasury Stock

TREASURY STOCK

The Board has authorized the Company to repurchase Common Stock, from time to time as conditions allow, on the open market or through privately negotiated transactions.

The table below represents the Board authorization at the dates indicated:

Authorization			Amount
March 2023			$			50.0
July 2023			$			100.0
Total current Board authorizations			$			150.0
Less repurchases made under these authorizations			$			(64.3)
Remaining Board authorization at August 31, 2023			$			85.7

Remaining Board authorization at August 31, 2023 represents the amount remaining under the current $100.0 Board authorization for Common share repurchases announced on July 19, 2023, which is available for further repurchases, from time to time as conditions allow, on the open market or through privately negotiated transactions

Repurchases of the Company's Common Stock were $36.2, including excise tax on share repurchases of $0.3, during the three months ended August 31, 2023. 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
-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505-30/tableOfContent

+ Details

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