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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Feb. 28, 2013
Feb. 29, 2012
Operating activities        
Net earnings $ 37,331 $ 28,398 $ 104,818 $ 70,939
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization 17,048 14,653 48,136 40,626
Impairment of long-lived assets     1,520  
Provision for deferred income taxes 6,491 (667) 9,850 7,511
Bad debt expense 76 316 575 205
Equity in net income of unconsolidated affiliates, net of distributions (4,841) 3,998 (19,256) 1,711
Net loss (gain) on sale of assets (153) 143 (222) (1,925)
Stock-based compensation 3,653 2,797 10,586 8,576
Excess tax benefits - stock-based compensation (3,455)   (3,455)  
Changes in assets and liabilities, net of impact of acquisitions:        
Receivables (41,672) (28,643) 27,078 27,449
Inventories (15,158) (31,049) 42,743 23,726
Prepaid expenses and other current assets 32 9,576 1,634 13,126
Other assets 198 (1,046) 3,135 1,794
Accounts payable and accrued expenses 35,320 90,258 (34,871) (56,871)
Other liabilities 1,434 (1,296) 3,412 86
Net cash provided by operating activities 36,304 87,438 195,683 136,953
Investing activities        
Investment in property, plant and equipment, net (9,786) (5,769) (34,402) (15,800)
Acquisitions, net of cash acquired   (152,389) (62,110) (232,171)
Investments in unconsolidated affiliates   44,023   43,238
Proceeds from sale of assets 552 3,178 16,227 14,525
Net cash used by investing activities (9,234) (110,957) (80,285) (190,208)
Financing activities        
Net proceeds from (repayments of) short-term borrowings (13,390) 15,329 (251,586) 108,460
Proceeds from long-term debt     150,000  
Principal payments on long-term debt (365) (95) (1,170) (95)
Proceeds from issuance of common shares 17,332 1,186 32,960 9,709
Excess tax benefits - stock-based compensation 3,455   3,455  
Dividends paid to noncontrolling interest, net of contributions (2,592) (3,168) (8,582) (9,744)
Repurchase of common shares       (52,120)
Dividends paid (27,040) (8,273) (44,144) (23,856)
Net cash provided (used) by financing activities (22,600) 4,979 (119,067) 32,354
Increase (decrease) in cash and cash equivalents 4,470 (18,540) (3,669) (20,901)
Cash and cash equivalents at beginning of period 32,889 53,806 41,028 56,167
Cash and cash equivalents at end of period $ 37,359 $ 35,266 $ 37,359 $ 35,266