v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
May 31, 2026
Accounting Policies [Abstract]  
Activity in Allowance for Credit Losses The activity in the allowance for credit losses was as follows:

 

 

Year Ended May 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Beginning Balance

 

$

5.4

 

 

$

4.1

 

 

$

2.8

 

Provision

 

 

0.7

 

 

 

3.3

 

 

 

1.7

 

Recoveries

 

 

—

 

 

 

(0.2

)

 

 

(0.2

)

Write-offs

 

 

(1.6

)

 

 

(1.6

)

 

 

(0.2

)

Reclass to held for sale (1)

 

 

(0.5

)

 

 

(0.2

)

 

 

—

 

Ending Balance

 

$

4.0

 

 

$

5.4

 

 

$

4.1

 

(1) This is allowance for credit losses reclassified to the Company's held for sale entities. See Note 4. "Assets Held for Sale and Divestiture" for further detail.

Schedule of Components of Inventories

Inventories are stated at the lower of cost or net realizable value, determined on the first-in, first-out method. The components of inventories were as follows:

 

 

Year Ended May 31,

 

 

 

2026

 

 

2025

 

Raw Materials

 

$

51.1

 

 

$

65.7

 

Work-in-process

 

 

8.0

 

 

 

11.2

 

Finished goods

 

 

102.4

 

 

 

130.4

 

Inventory reserve

 

 

(17.2

)

 

 

(16.5

)

Inventory, net

 

$

144.3

 

 

$

190.8