Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

May. 31, 2015

Summary of Unaudited Quarterly Consolidated Results of Operations

The following table summarizes the unaudited quarterly consolidated results of operations for fiscal 2015 and fiscal 2014:

(in thousands, except per share)	Three Months Ended
Fiscal 2015	August 31		November 30		February 28			May 31
Net sales	$	862,414	$	871,012	$	804,785		$	846,023
Gross margin		129,507		125,223		98,491			110,312
Impairment of goodwill and long-lived assets (1)		1,950		14,235		81,600			2,344
Net earnings (loss)		48,820		31,455		(23,243	)		30,226
Net earnings (loss) attributable to controlling interest		44,168		29,462		(25,710	)		28,865
Earnings (loss) per share - basic	$	0.65	$	0.44	$	(0.39	)	$	0.45
Earnings (loss) per share - diluted		0.63		0.43		(0.39	)		0.44
Fiscal 2014	August 31		November 30		February 28			May 31
Net sales	$	692,291	$	769,900	$	773,230		$	891,005
Gross margin		110,964		128,232		122,487			130,836
Impairment of goodwill and long-lived assets (1)		4,641		30,734		-			22,871
Net earnings		56,353		28,340		44,211			31,248
Net earnings attributable to controlling interest		54,557		22,977		40,603			33,163
Earnings per share - basic	$	0.78	$	0.33	$	0.59		$	0.49
Earnings per share - diluted		0.76		0.32		0.57			0.47

(1) For additional information regarding the Company’s impairment charges, refer to “Note C – Goodwill and Other Long-Lived Assets.”