XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2012
Nov. 30, 2011
Net sales $ 622,622 $ 565,652 $ 1,288,657 $ 1,168,039
Cost of goods sold 527,766 509,046 1,100,150 1,039,971
Gross margin 94,856 56,606 188,507 128,068
Selling, general and administrative expense 65,101 52,901 124,523 98,262
Impairment of long-lived assets (50)   1,520  
Restructuring and other expense 1,262 2,048 1,665 3,751
Joint venture transactions (279) (1,192) (1,441) 2,023
Operating income 28,822 2,849 62,240 24,032
Other income (expense):        
Miscellaneous income 303 279 468 680
Interest expense (6,334) (4,756) (11,593) (9,444)
Equity in net income of unconsolidated affiliates 25,221 21,912 47,864 46,609
Earnings before income taxes 48,012 20,284 98,979 61,877
Income tax expense 15,390 6,083 31,492 19,336
Net earnings 32,622 14,201 67,487 42,541
Net earnings attributable to noncontrolling interest 796 2,216 1,699 4,904
Net earnings attributable to controlling interest $ 31,826 $ 11,985 $ 65,788 $ 37,637
Basic        
Average common shares outstanding 68,934 69,350 68,604 70,440
Earnings per share attributable to controlling interest $ 0.46 $ 0.17 $ 0.96 $ 0.53
Diluted        
Average common shares outstanding 70,411 69,356 69,834 70,925
Earnings per share attributable to controlling interest $ 0.45 $ 0.17 $ 0.94 $ 0.53
Common shares outstanding at end of period 69,060 68,937 69,060 68,937
Cash dividends declared per share $ 0.13 $ 0.12 $ 0.26 $ 0.24