Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable, Net of Allowance for Doubtful Accounts

v3.8.0.1
Accounts Receivable, Net of Allowance for Doubtful Accounts
 6 Months Ended
Nov. 30, 2017
Accounts Receivable, Net of Allowance for Doubtful Accounts

Note G: Accounts Receivable, Net of Allowance for Doubtful Accounts



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







 

 

 

 

 

 



 

 

 

 

 

 



 

November 30,

 

May 31,

In millions

 

2017

 

2017

PEO receivables(1)

 

$

 123.5 

 

$

 137.8 

Purchased receivables(2)

 

 

 306.3 

 

 

 257.3 

Other trade receivables(3)

 

 

 171.8 

 

 

 118.4 

Total accounts receivable, gross

 

 

 601.6 

 

 

 513.5 

Less:  Allowance for doubtful accounts

 

 

 6.4 

 

 

 6.0 

Accounts receivable, net of allowance for doubtful accounts

 

$

 595.2 

 

$

 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. 

(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.