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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Income Statement [Abstract]        
Net sales [1] $ 316,755 $ 346,315 $ 926,902 $ 1,049,694
Cost of goods sold 243,643 267,344 720,882 820,266
Gross profit 73,112 78,971 206,020 229,428
Selling, general and administrative expense 65,134 71,359 210,262 211,208
Impairment of long-lived assets 0 484 0 484
Restructuring and other expense (income), net [1] 698 823 704 (354)
Separation costs 2,999 2,305 12,465 3,572
Operating income (loss) 4,281 4,000 (17,411) 14,518
Other income (expense):        
Miscellaneous income (expense), net [1] (6,995) 217 (5,983) (4,499)
Loss on extinguishment of debt     (1,534)  
Interest expense, net (50) (4,186) (1,596) (15,689)
Equity in net income of unconsolidated affiliates [1] 43,235 37,111 127,328 102,004
Earnings before income taxes 40,471 37,142 100,804 96,334
Income tax expense 18,471 7,391 34,041 20,709
Net earnings from continuing operations 22,000 29,751 66,763 75,625
Net earnings from discontinued operations   20,507 83,106 59,382
Net earnings 22,000 50,258 149,869 135,007
Net earnings attributable to noncontrolling interests   3,933 7,460 8,382
Net earnings attributable to controlling interest 22,000 46,325 142,409 126,625
Amounts attributable to controlling interest:        
Net earnings from continuing operations 22,000 29,751 66,763 75,625
Net earnings from discontinued operations   16,574 75,646 51,000
Net earnings attributable to controlling interest $ 22,000 $ 46,325 $ 142,409 $ 126,625
Earnings per share from continuing operations - basic $ 0.45 $ 0.61 $ 1.36 $ 1.56
Earnings per share from discontinued operations - basic   0.34 1.54 1.05
Net earnings per share attributable to controlling interest - basic 0.45 0.95 2.9 2.61
Earnings per share from continuing operations - diluted 0.44 0.6 1.33 1.53
Earnings per share from discontinued operations - diluted   0.34 1.5 1.04
Net earnings per share attributable to controlling interest - diluted $ 0.44 $ 0.94 $ 2.83 $ 2.57
Weighted average common shares outstanding - basic 49,315 48,587 49,113 48,541
Weighted average common shares outstanding - diluted 50,417 49,493 50,271 49,356
Cash dividends declared per common share $ 0.16 $ 0.31 $ 0.8 $ 0.93
[1] A reconciliation of net earnings from continuing operations (the most comparable GAAP financial measure) to consolidated adjusted EBITDA is included in the MD&A “Results of Operations” section of this Form 10-Q for the respective three and nine months ended February 29, 2024 and February 28, 2023.