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Treasury Stock | 12 Months Ended
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May 31, 2024
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 2023 |  | 100.0 |  |
December 2023 |  | 66.2 |  |
March 2024 |  | 54.6 |  |
Total current Board authorizations | $ | 220.8 |  |
Less repurchases made under the authorizations as of May 31, 2024 | $ | (134.2) |  |
Remaining Board authorization at May 31, 2024 | $ | 86.6 |  |
Remaining Board authorization at May 31, 2024 represents the amount remaining under the Board authorization for Common share repurchases on December 13, 2023 and the current $54.6 Board authorization for Common share repurchases announced on March 20, 2024, 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, 2024, there were $156.8 repurchases of the Company's Common Stock, which included shares repurchased through a related party transaction and $1.0 of excise tax on share repurchases. The Company's repurchase program may be suspended at any time without prior notice. Refer to Note 21, "Related Party Transactions," for further details regarding the related party transaction.

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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 -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505-30/tableOfContent + Details
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