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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2013
Cash flows from operating activities:      
Net income $ 40,497 $ 30,149 $ 32,714
Adjustments to reconcile net income to net cash provided by operating activities:      
Earnings from unconsolidated affiliates   (822) (992)
Depreciation and amortization 22,787 21,468 19,664
Loss on asset impairment and disposals 617 78 193
Amortization of deferred loan costs 223 223 222
Loss on investment in Venezuela 1,177    
Venezuela devaluation   3,962  
Foreign currency loss 1,509 4,185 943
Deferred income taxes (729) (1,040) 5,089
Gain on contingent consideration revaluation   (2,138)  
Non-cash compensation cost 4,838 4,239 3,931
(Increase) decrease:      
Receivables (43,192) (6,812) (10,964)
Inventory (925) 822 (1,405)
Prepaid expenses and other current assets (2,525) (17) 443
Increase (decrease):      
Accounts payable 10,789 (295) 3,210
Other accrued liabilities 9,377 (1,208) 7,779
Income taxes (972) 4,029 (2,184)
Net cash provided by operating activities 43,471 52,861 58,643
Cash flows from investing activities:      
Capital expenditures (28,769) (33,016) (26,068)
Proceeds from sale of assets 133 357 758
Business acquisitions, net of cash acquired (3,075) (10,175) (18,589)
Change related to Venezuelan operations (620)    
Distributions from joint venture   2,223 1,000
Decrease in other assets, net 550 2  
Net cash used in investing activities (31,781) (40,609) (42,899)
Cash flows from financing activities:      
Net (payments) borrowings under revolving credit agreement 8,000   (13,600)
Deferred consideration payments (1,000) (1,000)  
Contingent consideration payments (1,000)    
Payments related to withholding tax for share-based payment arrangements (1,775) (1,710) (1,534)
Corporate tax effect from share-based payment arrangements 3,034 1,131 2,996
Issuance of common stock from share-based payment arrangements 3,804 5,270 8,275
Purchase of treasury stock (21,138) (13,334)  
Net cash used in financing activities (10,075) (9,643) (3,863)
Effect of exchange rate changes on cash (3,060) (2,154) (157)
Net increase (decrease) in cash and cash equivalents (1,445) 455 11,724
Cash and cash equivalents at beginning of year 34,656 34,201 22,477
Cash and cash equivalents at end of year 33,211 34,656 34,201
Cash paid during the year for:      
Interest 2,028 2,728 2,615
Income taxes $ 21,491 $ 12,111 $ 12,926