Acquisition (Tables)
 9 Months Ended
Feb. 28, 2014
Business Combinations [Abstract]  
Preliminary Purchase Price Allocation
The following table summarizes the purchase price allocation:
 
(in millions)
 
Inventory
$
93.7

Prepaid expenses and other
2.1

Instruments
29.2

Other property, plant and equipment
7.2

Liabilities assumed
(5.6
)
Intangible assets
141.5

Goodwill
11.9

Purchase price
$
280.0

The following table summarizes the preliminary purchase price allocation:
(in millions)
 
Cash
$
2.0

Accounts receivable
16.5

Inventory
24.8

Prepaid expenses and other
11.0

Instruments
9.9

Other property, plant and equipment
2.1

Deferred tax liability
(28.0
)
Other liabilities assumed
(20.7
)
Intangible assets
59.4

Goodwill
73.8

Preliminary purchase price
$
150.8
Pro Forma Information
The unaudited pro forma financial information for the combined entity is as follows:
 
Three Months Ended
 
Nine Months Ended
(in millions)
February 28, 2014
 
February 28, 2013
 
February 28, 2014
 
February 28, 2013
Net sales
$
822.5

 
$
791.7

 
$
2,417.8

 
$
2,333.4

Net income (loss)
$
(51.0
)
 
$
(307.3
)
 
$
(15.4
)
 
$
(413.0
)
The amounts of net sales and net loss of Lanx included in the Company’s condensed consolidated statement of operations from the acquisition date of October 31, 2013 to the period ended February 28, 2014 is as follows:
(in millions)
Three Months Ended February 28, 2014
 
Nine Months Ended February 28, 2014
Net sales
$
17.1

 
$
23.2

Net loss
$
(8.0
)
 
$
(10.6
)