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Consolidated Statements of Cash Flows
12 Months Ended
May 31, 2016
USD ($)
May 31, 2015
USD ($)
May 31, 2014
USD ($)
Cash flows from operating activities:      
Net income $ 4,784,000 $ 15,432,000 $ 20,408,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 57,164,000 57,562,000 58,286,000
Rental and lease equipment impairment 443,000 0 0
Remeasurement loss on foreign currency 343,000 5,000 152,000
Provision for losses on accounts receivable 679,000 591,000 860,000
Gain on sale of rental and lease equipment (11,973,000) (13,622,000) (14,195,000)
Stock compensation expense 1,372,000 1,292,000 1,356,000
Excess tax benefit for share-based compensation (100,000) (358,000) (183,000)
Deferred income taxes (1,876,000) (4,160,000) (7,928,000)
Change in operating assets and liabilities:      
Accounts receivable 9,137,000 (503,000) (2,366,000)
Other assets (4,250,000) (7,532,000) (6,568,000)
Accounts payable (1,463,000) 1,195,000 260,000
Accrued expenses (1,491,000) 4,586,000 (1,125,000)
Deferred revenue (414,000) (1,869,000) 229,000
Net cash provided by operating activities 52,355,000 52,619,000 49,186,000
Cash flows from investing activities:      
Proceeds from sales of rental and lease equipment 33,066,000 34,261,000 35,224,000
Payments for purchase of rental and lease equipment (44,071,000) (70,954,000) (58,678,000)
Payments for purchase of other property (384,000) (986,000) (384,000)
Net cash used in investing activities (11,389,000) (37,679,000) (23,838,000)
Cash flows from financing activities:      
Borrowings under bank lines of credit 11,211,000 45,702,000 56,018,000
Payments under bank lines of credit (13,598,000) (43,315,000) (66,018,000)
Minimum tax withholdings on share-based compensation (298,000) (462,000) (11,000)
Excess tax benefit for share-based compensation 100,000 358,000 183,000
Payment of dividends (12,328,000) (19,656,000) (19,657,000)
Net cash used in financing activities (14,913,000) (17,373,000) (29,485,000)
Effect of exchange rate changes on cash (52,000) 551,000 (319,000)
Net increase (decrease) in cash and cash equivalents 26,001,000 (1,882,000) (4,456,000)
Cash and cash equivalents at beginning of year 4,064,000 5,946,000 10,402,000
Cash and cash equivalents at end of year 30,065,000 4,064,000 5,946,000
Supplemental Cash Flow Information [Abstract]      
Interest paid, during the period 69,000 31,000 106,000
Income taxes paid, during the period 7,883,000 8,063,000 23,778,000
Dividends accrued during the period, not yet paid 133,000 155,000 211,000
Rental equipment acquisitions, not yet paid 2,854,000 4,430,000 4,479,000
Used equipment sales in accounts receivable and other assets, not yet collected 4,961,000 7,426,000 9,050,000
Transfers from other assets to rental and lease equipment $ 466,000 $ 14,338,000 $ 4,535,000