Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

May 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Summary of Unaudited Quarterly Consolidated Results of Operations

The following table summarizes the unaudited quarterly consolidated results of operations for fiscal 2019 and fiscal 2018:

(in thousands, except per share)	Three Months Ended
Fiscal 2019	August 31		November 30		February 28		May 31
Net sales	$	988,107	$	958,226	$	874,381	$	938,842
Gross margin		142,997		120,934		90,021		126,003
Impairment of long-lived assets (1)		2,381		-		-		5,436
Net earnings		56,958		37,792		29,548		38,975
Net earnings attributable to controlling interest		54,942		34,002		26,773		37,738
Basic earnings per share - controlling interest	$	0.94	$	0.59	$	0.47	$	0.68
Diluted earnings per share - controlling interest	$	0.91	$	0.57	$	0.46	$	0.66
Fiscal 2018	August 31		November 30		February 28		May 31
Net sales	$	848,237	$	871,266	$	841,657	$	1,020,460
Gross margin		132,778		140,079		127,055		162,946
Impairment of goodwill and long-lived assets (1)		-		8,289		-		52,919
Net earnings		48,074		41,622		78,297		32,857
Net earnings attributable to controlling interest		45,534		39,403		79,087		30,769
Basic earnings per share - controlling interest	$	0.73	$	0.64	$	1.31	$	0.52
Diluted earnings per share - controlling interest	$	0.70	$	0.62	$	1.27	$	0.50

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