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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Feb. 29, 2016
Feb. 28, 2015
Net sales $ 647,080 $ 804,785 $ 2,105,043 $ 2,538,211
Cost of goods sold 551,157 706,294 1,786,925 2,184,990
Gross margin 95,923 98,491 318,118 353,221
Selling, general and administrative expense 70,149 66,764 218,822 219,327
Impairment of goodwill and long-lived assets   81,600 25,962 97,785
Restructuring and other expense 702 2,177 5,294 2,765
Operating income (loss) 25,072 (52,050) 68,040 33,344
Other income (expense):        
Miscellaneous income, net 3,305 213 3,723 1,756
Interest expense (7,886) (8,381) (23,539) (27,573)
Equity in net income of unconsolidated affiliates 24,994 18,800 80,822 69,043
Earnings (loss) before income taxes 45,485 (41,418) 129,046 76,570
Income tax expense (benefit) 11,613 (18,173) 35,121 19,540
Net earnings (loss) 33,872 (23,245) 93,925 57,030
Net earnings attributable to noncontrolling interests 4,296 2,465 9,698 9,110
Net earnings (loss) attributable to controlling interest $ 29,576 $ (25,710) $ 84,227 $ 47,920
Basic        
Average common shares outstanding 61,747 66,359 62,810 67,013
Earnings (loss) per share attributable to controlling interest $ 0.48 $ (0.39) $ 1.34 $ 0.72
Diluted        
Average common shares outstanding 63,727 66,359 64,583 69,301
Earnings (loss) per share attributable to controlling interest $ 0.46 $ (0.39) $ 1.30 $ 0.69
Common shares outstanding at end of period 61,285 65,078 61,285 65,078
Cash dividends declared per share $ 0.19 $ 0.18 $ 0.57 $ 0.54