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Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
May 31, 2014
May 31, 2013
May 31, 2012
Net sales $ 3,126,426 $ 2,612,244 $ 2,534,701
Cost of goods sold 2,633,907 2,215,601 2,201,833
Gross margin 492,519 396,643 332,868
Selling, general and administrative expense 300,396 258,324 225,069
Impairment of long-lived assets 58,246 6,488 355
Restructuring and other expense (income) (2,912) 3,293 5,984
Joint venture transactions 1,036 (604) (150)
Operating income 135,753 129,142 101,610
Other income (expense):      
Miscellaneous income 16,963 1,452 2,319
Interest expense (26,671) (23,918) (19,497)
Equity in net income of unconsolidated affiliates 91,456 94,624 92,825
Earnings before income taxes 217,501 201,300 177,257
Income tax expense 57,349 64,465 51,904
Net earnings 160,152 136,835 125,353
Net earnings attributable to noncontrolling interest 8,852 [1] 393 [1] 9,758 [1]
Net earnings attributable to controlling interest $ 151,300 $ 136,442 $ 115,595
Basic      
Average common shares outstanding 68,944 69,301 69,651
Earnings per share attributable to controlling interest $ 2.19 $ 1.97 $ 1.66
Diluted      
Average common shares outstanding 71,664 71,314 70,252
Earnings per share attributable to controlling interest $ 2.11 $ 1.91 $ 1.65
[1] Net earnings attributable to non-controlling interest are not taxable to Worthington.