SEC Document


Table of Contents

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth the ratio of our earnings to our fixed charges for the periods indicated:

 

Fiscal Years Ended May 31,

  

Three Months Ended

August 31, 2017

2013

  

2014

  

2015

  

2016

  

2017

  

2.86

   5.34    5.29    5.36    3.08    5.84

For purposes of computing the ratios of earnings to fixed charges, earnings represent income from continuing operations before taxes and cumulative effect of changes in accounting principles plus fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs and an estimation of the interest portion of rental expenses.

 

S-17


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