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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Operating activities:    
Net earnings $ 68,536 $ 34,995
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 21,831 21,440
Impairment of long-lived assets 0 3,000
Provision for (benefit from) deferred income taxes 20 (5,540)
Bad debt (income) expense (81) 10
Equity in net income of unconsolidated affiliates, net of distributions 3,898 (5,513)
Net loss on sale of assets 4,396 1,606
Stock-based compensation 3,136 3,777
Changes in assets and liabilities:    
Receivables 16,954 42,629
Inventories (50,398) (7,824)
Prepaid expenses and other current assets 7,162 11,166
Other assets 1,246 442
Accounts payable and accrued expenses 43,061 41,626
Other liabilities 1,144 (3,187)
Net cash provided by operating activities 120,905 138,627
Investing activities:    
Investment in property, plant and equipment (16,316) (38,497)
Investments in unconsolidated affiliates   (1,687)
Proceeds from sale of assets 157 131
Net cash used by investing activities (16,159) (40,053)
Financing activities:    
Net repayments of short-term borrowings (1,117) (68,511)
Proceeds from long-term debt   921
Principal payments on long-term debt (219) (208)
Proceeds from (payments for) issuance of common shares 5,821 (602)
Payments to noncontrolling interests   (3,336)
Repurchase of common shares   (27,582)
Dividends paid (11,894) (11,551)
Net cash used by financing activities (7,409) (110,869)
Increase (decrease) in cash and cash equivalents 97,337 (12,295)
Cash and cash equivalents at beginning of period 84,188 31,067
Cash and cash equivalents at end of period $ 181,525 $ 18,772