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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Feb. 28, 2017
Feb. 29, 2016
Net sales $ 703,436 $ 647,080 $ 2,168,765 $ 2,105,043
Cost of goods sold 592,446 551,157 1,787,690 1,786,925
Gross margin 110,990 95,923 381,075 318,118
Selling, general and administrative expense 75,276 70,149 232,819 218,822
Impairment of long-lived assets     0 25,962
Restructuring and other expense 1,394 702 5,994 5,294
Operating income 34,320 25,072 142,262 68,040
Other income (expense):        
Miscellaneous income, net 749 3,305 2,484 3,723
Interest expense (7,674) (7,886) (23,202) (23,539)
Equity in net income of unconsolidated affiliates 22,697 24,994 84,365 80,822
Earnings before income taxes 50,092 45,485 205,909 129,046
Income tax expense 11,141 11,342 48,555 34,157
Net earnings 38,951 34,143 157,354 94,889
Net earnings attributable to noncontrolling interests 3,062 4,296 9,333 9,698
Net earnings attributable to controlling interest $ 35,889 $ 29,847 $ 148,021 $ 85,191
Basic        
Average common shares outstanding 62,750 61,747 62,325 62,810
Earnings per share attributable to controlling interest $ 0.57 $ 0.48 $ 2.37 $ 1.36
Diluted        
Average common shares outstanding 64,977 63,871 64,758 64,923
Earnings per share attributable to controlling interest $ 0.55 $ 0.47 $ 2.29 $ 1.31
Common shares outstanding at end of period 62,776 61,285 62,776 61,285
Cash dividends declared per share $ 0.20 $ 0.19 $ 0.60 $ 0.57