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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 28, 2022
Feb. 28, 2021
Income Statement [Abstract]        
Net sales $ 1,378,235 $ 759,109 $ 3,721,914 $ 2,193,110
Cost of goods sold 1,235,107 595,011 3,174,821 1,780,180
Gross margin 143,128 164,098 547,093 412,930
Selling, general and administrative expense 102,945 86,895 294,926 251,220
Impairment of long-lived assets 3,076 0 3,076 13,739
Restructuring and other (income) expense, net (504) 28,212 (14,782) 37,656
Incremental expenses related to Nikola gains 0 (781) 0 53,300
Operating income 37,611 49,772 263,873 57,015
Other income (expense):        
Miscellaneous income, net 393 539 2,063 1,366
Interest expense (8,140) (7,558) (23,170) (22,696)
Equity in net income of unconsolidated affiliates 47,466 31,674 160,600 80,939
Gains on investment in Nikola 0 2,740 0 655,102
Earnings before income taxes 77,330 77,167 403,366 771,726
Income tax expense 18,683 4,485 90,059 148,818
Net earnings 58,647 72,682 313,307 622,908
Net earnings attributable to noncontrolling interests 2,305 5,073 14,173 12,668
Net earnings attributable to controlling interest $ 56,342 $ 67,609 $ 299,134 $ 610,240
Basic        
Weighted average common shares outstanding 49,749 52,149 50,331 53,076
Earnings per share attributable to controlling interest $ 1.13 $ 1.30 $ 5.94 $ 11.50
Diluted        
Weighted average common shares outstanding 50,641 53,217 51,275 54,077
Earnings per share attributable to controlling interest $ 1.11 $ 1.27 $ 5.83 $ 11.28
Common shares outstanding at end of period 49,364 51,813 49,364 51,813
Cash dividends declared per share $ 0.28 $ 0.25 $ 0.84 $ 0.75