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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
May 31, 2012
May 31, 2011
May 31, 2010
Cash flows from operating activities:      
Net income $ 13,727 $ 12,642 $ 18,446
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred taxes 744 1,351 (1,084)
Depreciation and amortization 5,922 3,563 3,105
Amortization of debt issue costs 508 197 156
Impairment of property and equipment 304 0 0
Loss (gain) on disposition of property and equipment (7) 51 (4)
Stock-based compensation 2,911 3,971 2,217
Excess tax benefit from equity instruments (1,625) (2,268) (596)
Other 0 1 16
Changes in operating assets and liabilities:      
Receivables 3,802 (6,791) 47
Inventories 2,637 158 (5,057)
Prepaid expenses and other (467) (456) 150
Deposits and other assets (5) 0 0
Accounts payable (2,489) 3,036 2,237
Accrued expenses 669 3,522 3,156
Income taxes receivable/payable 3,164 1,452 1,488
Other long-term liabilities (925) (1,028) 1,830
Net cash provided by operating activities 28,870 19,401 26,107
Cash flows from investing activities:      
Purchase of businesses, net of cash acquired (188,965) 0 0
Purchase of property and equipment (2,732) (3,997) (2,942)
Proceeds from disposition of property and equipment 8 9 17
Purchase of available-for-sale securities (6,979) (10,415) (25,761)
Proceeds from sale of available-for-sale securities 8,269 23,697 10,269
Net cash provided by (used in) investing activities (190,399) 9,294 (18,417)
Cash flows from financing activities:      
Proceeds from debt 190,000 0 0
Payments on debt (48,000) 0 0
Dividends paid (1,912) (20,339) (28,788)
Proceeds from stock options exercised 342 159 162
Purchase and retirement of common stock (1,867) (3,004) (10)
Excess tax benefit from equity instruments 1,625 2,268 596
Payments for debt issue costs (9,166) 0 (530)
Contingent consideration settlement payments (433) 0 0
Net cash provided by (used in) financing activities 130,589 (20,916) (28,570)
Increase (decrease) in cash and cash equivalents (30,940) 7,779 (20,880)
Cash and cash equivalents, beginning of year 39,547 31,768 52,648
Cash and cash equivalents, end of year $ 8,607 $ 39,547 $ 31,768