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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 7 Months Ended 12 Months Ended
Nov. 30, 2015
Aug. 31, 2015
May. 31, 2015
Feb. 28, 2015
May. 31, 2014
Feb. 28, 2014
Nov. 30, 2013
Aug. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
May. 31, 2015
May. 31, 2014
May. 31, 2013
Revenues $ 240,619 $ 188,121 $ 238,718 $ 174,589 $ 211,487 $ 163,236 $ 200,493 $ 174,311 $ 571,718 $ 487,408 $ 842,047 $ 749,527 $ 714,311
Operating expenses                 409,391 337,977 584,054 527,611 501,346
Gross margin                 162,327 149,431 257,993 221,916 212,965
Selling, general and administrative expenses                 142,643 109,348 189,528 171,455 158,355
Gain/(loss) on revaluation of contingent consideration                 (522)     2,138  
Earnings from unconsolidated affiliates                       822 992
Operating income 28,674 11,825 25,040 2,926 20,435 1,000 23,881 8,105 19,162 40,083 68,465 53,421 55,602
Interest expense, net                 4,898 1,332 2,489 2,851 2,734
Loss on investment in Venezuela                     1,177    
Foreign currency loss           1,900     813 1,197 1,509 4,185 943
Earnings before income taxes                 13,451 37,554 63,290 46,385 51,925
Less: Provision for income taxes (see Note 9)                 4,573 13,622 22,793 16,236 19,211
Net income                 8,878 23,932 40,497 30,149 32,714
Less: Income attributable to non-controlling interest                   214 427 294 278
Net income available to Team shareholders $ 17,366 $ 7,031 $ 15,369 $ 304 $ 11,930 $ (1,010) $ 14,425 $ 4,510 $ 8,878 $ 23,718 $ 40,070 $ 29,855 $ 32,436
Net income per share: Basic $ 0.84 $ 0.34 $ 0.76 $ 0.01 $ 0.58 $ (0.05) $ 0.71 $ 0.22 $ 0.43 $ 1.15 $ 1.95 $ 1.46 $ 1.61
Net income per share: Diluted $ 0.80 $ 0.33 $ 0.72 $ 0.01 $ 0.56 $ (0.05) $ 0.68 $ 0.21 $ 0.41 $ 1.08 $ 1.85 $ 1.40 $ 1.53