Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable, Net of Allowance for Doubtful Accounts (Tables)

v3.8.0.1
Accounts Receivable, Net of Allowance for Doubtful Accounts (Tables)
3 Months Ended
Aug. 31, 2017
Accounts Receivable, Net of Allowance for Doubtful Accounts [Abstract]  
Components of Accounts Receivable, Net of Allowance for Doubtful Accounts





 

 

 

 

 

 



 

 

 

 

 

 



 

August 31,

 

May 31,

In millions

 

2017

 

2017

PEO receivables(1)

 

$

115.4 

 

$

137.8 

Purchased receivables(2)

 

 

284.4 

 

 

257.3 

Other trade receivables(3)

 

 

144.5 

 

 

118.4 

Total accounts receivable, gross

 

 

544.3 

 

 

513.5 

Less:  Allowance for doubtful accounts

 

 

5.7 

 

 

6.0 

Accounts receivable, net of allowance for doubtful accounts

 

$

538.6 

 

$

507.5 

(1)

PEO receivables are primarily client wages and related tax withholdings since the last payroll processed.  Balances will vary based on timing of the last payroll processed and the end of the reporting period.  In addition, balances as of August 31, 2017 include receivables balances acquired from HROI.  Refer to Note C for further details of this immaterial business acquisition.

(2)

Purchased receivables relate to payroll funding arrangements with clients in the temporary staffing industry.

(3)

Other trade receivables primarily relate to other ongoing services provided to our clients and can vary based on the timing of these services and the end of the reporting period.