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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 31, 2016
May 31, 2015
May 31, 2014
Cash flows from operating activities      
Net income $ 24,650 $ 15,991 $ 22,575
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 32,474 33,286 28,429
Deferred income taxes 240 (1,745) (621)
Share-based compensation expense 6,514 6,579 6,261
Charges associated with the exit of foreign operations 0 2,516 0
Fair value adjustments to contingent consideration (2,066) (5,382) (3,937)
Other (1,052) 1,647 617
Changes in operating assets and liabilities, net of effect of acquisitions      
Accounts receivable (4,999) 3,982 (23,857)
Inventories 1,595 388 1,203
Prepaid expenses and other current assets (1,128) (288) (4,059)
Other assets (684) (821) 36
Accounts payable 254 (6,571) 6,125
Accrued expenses and other liabilities 10,187 2,006 4,532
Income taxes payable 2,139 (1,748) (431)
Net cash provided by operating activities 68,124 49,840 36,873
Cash flows from investing activities      
Purchase of property, plant and equipment (14,864) (15,104) (16,871)
Purchase of intangible assets (1,315) (866) (708)
Acquisition of businesses, net of cash acquired (1,743) (34,677) (21,924)
Proceeds from sale of equipment 1,170 996 1,498
Net cash used in investing activities (16,752) (49,651) (38,005)
Cash flows from financing activities      
Repayment of capital lease obligations (7,870) (8,653) (8,139)
Proceeds from borrowings of long-term debt 2,737 2,232 0
Repayment of long-term debt (17,580) (11,457) (8,830)
Proceeds from revolver 55,800 110,300 102,880
Repayments of revolver (69,600) (86,800) (81,300)
Payment of contingent consideration for business acquisitions (3,147) (3,213) (1,678)
Taxes paid related to net share settlement of equity awards (1,091) (1,481) (1,007)
Excess tax benefit from share-based payment compensation (170) 388 340
Proceeds from the exercise of stock options 543 750 996
Net cash (used in) provided by financing activities (40,378) 2,066 3,262
Effect of exchange rate changes on cash and cash equivalents (361) (1,720) 88
Net change in cash and cash equivalents 10,633 535 2,218
Cash and cash equivalents:      
Beginning of period 10,555 10,020 7,802
End of period 21,188 10,555 10,020
Supplemental disclosure of cash paid      
Interest 4,151 4,504 3,271
Income taxes 10,686 13,243 12,920
Noncash investing and financing      
Equipment acquired through capital lease obligations 8,248 8,031 11,031
Issuance of notes payable and other debt obligations primarily related to acquisitions $ 0 $ 20,480 $ 336