v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2026
May 31, 2026
Current Assets    
Cash and cash equivalents $ 172.0 $ 185.5
Accounts receivable, net of allowance of $3.8 and $4.0 136.2 146.8
Inventories    
Raw materials 49.5 51.1
Work-in-process 11.9 8.0
Finished goods 101.3 102.4
Total Inventories 162.7 161.5
Less inventory reserve (16.6) (17.2)
Inventories, net 146.1 144.3
Prepaid expenses and other current assets 57.8 60.0
Assets held for sale (note 3) 70.4 68.0
Total Current Assets 582.5 604.6
Net Property and Equipment 329.8 329.8
Other Assets    
Right of use assets 19.1 16.6
Goodwill 1,047.6 1,047.2
Amortizable intangible assets, net 1,295.8 1,318.0
Other non-current assets 28.4 29.8
Total Other Assets 2,390.9 2,411.6
Total Assets 3,303.2 3,346.0
Current Liabilities    
Accounts payable 77.6 79.1
Accrued compensation 21.9 26.8
Income tax payable 8.7 7.2
Accrued interest 3.4 11.0
Deferred revenue 3.6 3.6
Other current liabilities 27.0 23.9
Liabilities held for sale (note 3) 7.3 6.6
Total Current Liabilities 149.5 158.2
Deferred Income Tax Liability 251.4 257.6
Non-Current Debt (note 7) 774.2 793.7
Other Non-Current Liabilities 41.7 43.6
Total Liabilities 1,216.8 1,253.1
Commitments and Contingencies (note 9)
Equity    
Preferred stock, $1.00 par value, 100.0 shares authorized, none issued and outstanding
Common stock, $0.16 par value - shares authorized 315.0; 218.3 and 217.7 shares issued and outstanding on August 31, 2026 and May 31, 2026 34.9 34.8
Additional paid-in capital 2,620.0 2,616.0
Accumulated other comprehensive loss (12.3) (13.6)
Accumulated deficit (556.2) (544.3)
Total Stockholders' Equity 2,086.4 2,092.9
Total Liabilities and Stockholders' Equity $ 3,303.2 $ 3,346.0