Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

May 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Summary of Unaudited Quarterly Consolidated Results of Operations

The following table summarizes the unaudited quarterly consolidated results of operations for fiscal 2018 and fiscal 2017:

(in thousands, except per share)	Three Months Ended
Fiscal 2018	August 31		November 30		February 28		May 31
Net sales	$	848,237	$	871,266	$	841,657	$	1,020,460
Gross margin		132,778		140,079		127,055		162,946
Impairment of goodwill and long-lived assets (1)				8,289		-		52,919
Net earnings		48,074		41,622		78,297		32,857
Net earnings attributable to controlling interest		45,534		39,403		79,087		30,770
Basic earnings per share - controlling interest	$	0.73	$	0.64	$	1.31	$	0.52
Diluted earnings per share - controlling interest	$	0.70	$	0.62	$	1.27	$	0.50
Fiscal 2017	August 31		November 30		February 28		May 31
Net sales	$	737,549	$	727,780	$	703,436	$	845,343
Gross margin		147,282		122,803		110,990		154,830
Net earnings		68,536		49,867		38,951		60,583
Net earnings attributable to controlling interest		65,567		46,565		35,889		56,494
Basic earnings per share - controlling interest	$	1.06	$	0.75	$	0.57	$	0.90
Diluted earnings per share - controlling interest	$	1.02	$	0.72	$	0.55	$	0.87

(1) For additional information regarding the Company’s impairment activity, refer to “Note C – Goodwill and Other Long-Lived Assets.”