Annual report pursuant to Section 13 and 15(d)

Accounts Receivable, Net of Allowance for Doubtful Accounts

v3.10.0.1
Accounts Receivable, Net of Allowance for Doubtful Accounts
 12 Months Ended
May 31, 2018
Accounts Receivable, Net of Allowance for Doubtful Accounts [Abstract]  
Accounts Receivable, Net of Allowance for Doubtful Accounts

Note H  — Accounts Receivable, Net of Allowance for Doubtful Accounts



The components of accounts receivable, net of allowance for doubtful accounts, consisted of the following:





 

 

 

 

 

 



 

 

 

 

 

 



 

May 31,

 

May 31,

In millions

 

2018

 

2017

PEO receivables(1)

 

$

 140.1 

 

$

 137.8 

Purchased receivables(2)

 

 

 267.0 

 

 

 257.3 

Other trade receivables(3)

 

 

 131.3 

 

 

 118.4 

Total accounts receivable, gross

 

 

 538.4 

 

 

 513.5 

Less: Allowance for doubtful accounts

 

 

 7.0 

 

 

 6.0 

Accounts receivable, net of allowance for doubtful accounts

 

$

 531.4 

 

$

 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 May 31, 2018 include receivable balances for HROI, acquired in August 2017. Refer to Note C for further details.

(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.



No single client had a material impact on total accounts receivable, service revenue, or results of operations.