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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Feb. 29, 2016
Feb. 28, 2015
Operating activities        
Net earnings (loss) $ 33,872 $ (23,245) $ 93,925 $ 57,030
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:        
Depreciation and amortization 20,761 21,762 62,748 63,329
Impairment of goodwill and long-lived assets   81,600 25,962 97,785
Provision for (benefit from) deferred income taxes 9,322 (35,334) (6,069) (41,361)
Bad debt expense (income) 187 (46) 195 (106)
Equity in net income of unconsolidated affiliates, net of distributions (622) (571) (16,524) (8,374)
Net (gain) loss on sale of assets (3,385) 3,047 (7,633) 3,481
Stock-based compensation 3,627 4,058 11,284 12,911
Excess tax benefits - stock-based compensation (431) (663) (1,689) (6,416)
Changes in assets and liabilities, net of impact of acquisitions:        
Receivables 10,688 5,078 76,791 10,914
Inventories 37,211 (8,795) 61,032 (43,925)
Prepaid expenses and other current assets (19,309) (3,078) 9,324 (11,182)
Other assets (1,216) 2,415 (4,019) 5,631
Accounts payable and accrued expenses 14,027 40,260 (16,500) 10,055
Other liabilities 1,052 (3,612) 5,352 (10,108)
Net cash provided by operating activities 105,784 82,876 294,179 139,664
Investing activities        
Investment in property, plant and equipment (14,973) (26,119) (75,465) (73,265)
Investment in notes receivable       (7,300)
Acquisitions, net of cash acquired (31,256) (54,389) (34,206) (105,482)
Investments in unconsolidated affiliates, net of distributions (3,683) (4,559) (5,596) (8,230)
Proceeds from sale of assets and insurance 431 3,521 9,887 3,813
Net cash used by investing activities (49,481) (81,546) (105,380) (190,464)
Financing activities        
Net proceeds from (repayments of) short-term borrowings (16,716) 112,285 (57,728) 112,644
Proceeds from long-term debt   5,916 921 26,396
Principal payments on long-term debt (216) (101,832) (644) (102,645)
Proceeds from issuance of common shares 2,747 2,081 5,811 1,627
Excess tax benefits - stock-based compensation 431 663 1,689 6,416
Payments to noncontrolling interests (4,206) (9,200) (9,106) (12,067)
Repurchase of common shares (28,352) (52,795) (99,848) (94,415)
Dividends paid (11,913) (12,517) (35,529) (34,767)
Net cash used by financing activities (58,225) (55,399) (194,434) (96,811)
Decrease in cash and cash equivalents (1,922) (54,069) (5,635) (147,611)
Cash and cash equivalents at beginning of period 27,354 96,537 31,067 190,079
Cash and cash equivalents at end of period $ 25,432 $ 42,468 $ 25,432 $ 42,468