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Consolidated Condensed Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2012
Nov. 30, 2011
Revenues $ 200,648 $ 158,273 $ 362,140 $ 299,366
Operating expenses 138,184 107,827 250,140 204,473
Gross margin 62,464 50,446 112,000 94,893
Selling, general and administrative expenses 39,928 33,772 77,002 66,906
Earnings from unconsolidated affiliates 504 406 866 848
Operating income 23,040 17,080 35,864 28,835
Interest expense, net 677 567 1,276 1,150
Foreign currency loss (gain) 114 (107) 188 164
Earnings before income taxes 22,249 16,620 34,400 27,521
Provision for income taxes 8,232 6,232 12,728 10,320
Net income 14,017 10,388 21,672 17,201
Less: Income attributable to non-controlling interest 81 46 175 65
Net income available to Team shareholders $ 13,936 $ 10,342 $ 21,497 $ 17,136
Net income per share: Basic $ 0.69 $ 0.53 $ 1.08 $ 0.88
Net income per share: Diluted $ 0.66 $ 0.50 $ 1.03 $ 0.83