XML 16 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Nov. 30, 2013
Nov. 30, 2012
Revenues $ 200,493 $ 200,648 $ 374,804 $ 362,140
Operating expenses 135,678 138,184 260,992 250,140
Gross margin 64,815 62,464 113,812 112,000
Selling, general and administrative expenses 43,422 39,928 84,757 77,002
Earnings from unconsolidated affiliates 350 504 793 866
Gain on revaluation of contingent consideration 2,138   2,138  
Operating income 23,881 23,040 31,986 35,864
Interest expense, net 811 677 1,419 1,276
Foreign currency loss 140 114 530 188
Earnings before income taxes 22,930 22,249 30,037 34,400
Less: Provision for income taxes 8,333 8,232 10,963 12,728
Net income 14,597 14,017 19,074 21,672
Less: Income attributable to non-controlling interest 172 81 139 175
Net income available to Team shareholders $ 14,425 $ 13,936 $ 18,935 $ 21,497
Net income per share: Basic $ 0.71 $ 0.69 $ 0.93 $ 1.08
Net income per share: Diluted $ 0.68 $ 0.66 $ 0.89 $ 1.03