Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v3.20.1
Business Combinations (Tables)
9 Months Ended
Feb. 29, 2020
Business Combinations [Abstract]  
Acquisition Date Fair Values to Acquired Net Assets

Cash and cash equivalents

$

130.2

Restricted cash

66.6

Corporate investments

8.6

Accounts receivable, net of allowance for doubtful accounts

10.7

PEO unbilled receivables, net of advance collections

209.8

Prepaid income taxes

4.8

Prepaid expenses and other current assets

6.0

Long-term restricted cash

65.5

Property and equipment

15.4

Intangible assets

310.9

Goodwill

976.6

Other long-term assets

1.8

Total Assets

1,806.9

Accounts payable

45.0

Accrued corporate compensation and related items

11.6

Accrued worksite employee compensation and related items

311.1

Other current liabilities

49.8

Deferred income taxes

55.6

Other long-term liabilities

79.3

Net Assets

$

1,254.5

Summary of Pro Forma Information

For the three months ended

For the nine months ended

February 28,

February 28,

2019

2019

Revenues

$

1,091.4

$

2,977.6

Net income

$

322.8

$

791.3