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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Nov. 30, 2016
Nov. 30, 2015
Net sales $ 727,780 $ 699,816 $ 1,465,329 $ 1,457,963
Cost of goods sold 604,977 590,637 1,195,244 1,235,768
Gross margin 122,803 109,179 270,085 222,195
Selling, general and administrative expense 76,487 72,722 157,543 148,673
Impairment of long-lived assets   22,962 0 25,962
Restructuring and other expense 3,272 1,523 4,600 4,592
Operating income 43,044 11,972 107,942 42,968
Other income (expense):        
Miscellaneous income, net 872 996 1,735 418
Interest expense (7,658) (7,799) (15,528) (15,653)
Equity in net income of unconsolidated affiliates 27,124 29,247 61,668 55,828
Earnings before income taxes 63,382 34,416 155,817 83,561
Income tax expense 13,515 8,665 37,414 22,815
Net earnings 49,867 25,751 118,403 60,746
Net earnings attributable to noncontrolling interests 3,302 2,375 6,271 5,402
Net earnings attributable to controlling interest $ 46,565 $ 23,376 $ 112,132 $ 55,344
Basic        
Average common shares outstanding 62,348 62,676 62,115 63,338
Earnings per share attributable to controlling interest $ 0.75 $ 0.37 $ 1.81 $ 0.87
Diluted        
Average common shares outstanding 64,725 64,663 64,599 65,350
Earnings per share attributable to controlling interest $ 0.72 $ 0.36 $ 1.74 $ 0.85
Common shares outstanding at end of period 62,562 62,101 62,562 62,101
Cash dividends declared per share $ 0.20 $ 0.19 $ 0.40 $ 0.38