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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Operating activities    
Net earnings $ 34,437 $ 48,820
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 21,440 20,367
Impairment of long-lived assets 3,000 1,950
Provision for deferred income taxes (5,540) (535)
Bad debt expense (income) 10 (203)
Equity in net income of unconsolidated affiliates, net of distributions (5,513) (6,990)
Net loss (gain) on sale of assets 1,606 (2,830)
Stock-based compensation 3,777 4,355
Excess tax benefits - stock-based compensation (824) (5,132)
Changes in assets and liabilities, net of impact of acquisitions:    
Receivables 42,629 12,752
Inventories (7,824) (51,217)
Prepaid expenses and other current assets 11,166 (2,872)
Other assets 442 121
Accounts payable and accrued expenses 42,184 41,890
Other liabilities (3,187) (5,991)
Net cash provided by operating activities 137,803 54,485
Investing activities    
Investment in property, plant and equipment (38,497) (23,873)
Investment in notes receivable   (5,000)
Acquisitions, net of cash acquired   (36,550)
Investments in unconsolidated affiliates (1,687) (3,800)
Proceeds from sale of assets and insurance 131 265
Net cash used by investing activities (40,053) (68,958)
Financing activities    
Net proceeds from (repayments of) short-term borrowings (68,511) 555
Proceeds from long-term debt 921  
Principal payments on long-term debt (208) (302)
Payments for issuance of common shares (602) (1,020)
Excess tax benefits - stock-based compensation 824 5,132
Payments to noncontrolling interest (3,336) (2,867)
Repurchase of common shares (27,582) (20,071)
Dividends paid (11,551) (10,112)
Net cash used by financing activities (110,045) (28,685)
Decrease in cash and cash equivalents (12,295) (43,158)
Cash and cash equivalents at beginning of period 31,067 190,079
Cash and cash equivalents at end of period $ 18,772 $ 146,921