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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Nov. 30, 2016
Nov. 30, 2015
Operating activities:        
Net earnings $ 49,867 $ 25,751 $ 118,403 $ 60,746
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization 21,645 20,547 43,476 41,987
Impairment of long-lived assets   22,962 0 25,962
Provision for (benefit from) deferred income taxes 2,316 (9,851) 2,336 (15,391)
Bad debt (income) expense 232 (2) 151 8
Equity in net income of unconsolidated affiliates, net of distributions (2,824) (10,389) 1,074 (15,902)
Net (gain) loss on sale of assets (2,912) (5,854) 1,484 (4,248)
Stock-based compensation 3,824 3,880 6,960 7,657
Changes in assets and liabilities, net of impact of acquisitions :        
Receivables (7,156) 23,474 9,798 66,103
Inventories 31,875 31,645 (18,523) 23,821
Prepaid expenses and other current assets (1,737) 17,467 5,425 28,633
Other assets 1,165 (3,245) 2,411 (2,803)
Accounts payable and accrued expenses (65,946) (72,846) (22,885) (31,220)
Other liabilities 950 7,487 2,094 4,300
Net cash provided by operating activities 31,299 51,026 152,204 189,653
Investing activities:        
Investment in property, plant and equipment (14,730) (21,995) (31,046) (60,492)
Acquisitions, net of cash acquired   (2,950)   (2,950)
Investments in unconsolidated affiliates   (226)   (1,913)
Proceeds from sale of assets 799 9,325 956 9,456
Net cash used by investing activities (13,931) (15,846) (30,090) (55,899)
Financing activities:        
Net proceeds from (repayments of) short-term borrowings (1,037) 27,499 (2,154) (41,012)
Proceeds from long-term debt       921
Principal payments on long-term debt (218) (220) (437) (428)
Proceeds from issuance of common shares, net of tax withholdings (2,849) 3,666 2,972 3,064
Payments to noncontrolling interests (6,781) (1,564) (6,781) (4,900)
Repurchase of common shares   (43,914)   (71,496)
Dividends paid (12,828) (12,065) (24,722) (23,616)
Net cash used by financing activities (23,713) (26,598) (31,122) (137,467)
Increase (decrease) in cash and cash equivalents (6,345) 8,582 90,992 (3,713)
Cash and cash equivalents at beginning of period 181,525 18,772 84,188 31,067
Cash and cash equivalents at end of period $ 175,180 $ 27,354 $ 175,180 $ 27,354