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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Operating activities:    
Net earnings $ 56,958 $ 48,074
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 24,493 25,365
Impairment of long-lived assets 2,381  
Provision for deferred income taxes 18,934 7,934
Bad debt (income) expense 221 (62)
Equity in net income of unconsolidated affiliates, net of distributions (10,019) (7,755)
Net loss on assets 2,715 1,425
Stock-based compensation 3,156 3,407
Changes in assets and liabilities, net of impact of acquisitions:    
Receivables 13,409 62,678
Inventories (43,337) (34,696)
Prepaid expenses and other current assets (8,419) 1,143
Other assets (66) (350)
Accounts payable and accrued expenses (28,785) (26,791)
Other liabilities (1,196) 2,983
Net cash provided by operating activities 30,445 83,355
Investing activities:    
Investment in property, plant and equipment (19,434) (18,013)
Acquisitions, net of cash acquired   (284,505)
Proceeds from sale of assets 20,277 427
Net cash provided (used) by investing activities 843 (302,091)
Financing activities:    
Net proceeds from short-term borrowings, net of issuance costs   298
Proceeds from long-term debt, net of issuance costs   198,279
Principal payments on long-term debt (430) (219)
Payments for issuance of common shares, net of tax withholdings (4,091) (3,274)
Payments to noncontrolling interests (2,320) (720)
Repurchase of common shares (36,852) (45,076)
Dividends paid (12,719) (12,778)
Net cash provided (used) by financing activities (56,412) 136,510
Decrease in cash and cash equivalents (25,124) (82,226)
Cash and cash equivalents at beginning of period 121,967 278,081
Cash and cash equivalents at end of period $ 96,843 $ 195,855