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Consolidated Statements of Earnings (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2020
Nov. 30, 2019
Income Statement [Abstract]        
Net sales $ 731,092 $ 827,637 $ 1,434,001 $ 1,683,496
Cost of goods sold 595,618 707,026 1,185,169 1,445,594
Gross margin 135,474 120,611 248,832 237,902
Selling, general and administrative expense 82,129 88,543 164,325 179,366
Impairment of long-lived assets 3,815 0 13,739 40,601
Restructuring and other expense (income), net 7,596 (50) 9,444 405
Incremental expenses related to Nikola gains 4,570 0 54,081 0
Operating income 37,364 32,118 7,243 17,530
Other income (expense):        
Miscellaneous income, net 376 636 827 1,331
Interest expense (7,548) (7,315) (15,138) (16,795)
Equity in net income of unconsolidated affiliates 25,631 47,346 49,265 72,113
Gains (loss) on investment in Nikola (143,780) 0 652,362 0
Loss on extinguishment of debt 0 0 0 (4,034)
Earnings (loss) before income taxes (87,957) 72,785 694,559 70,145
Income tax expense (benefit) (19,445) 15,863 144,333 15,678
Net earnings (loss) (68,512) 56,922 550,226 54,467
Net earnings attributable to noncontrolling interests 5,532 4,836 7,595 7,157
Net earnings (loss) attributable to controlling interest $ (74,044) $ 52,086 $ 542,631 $ 47,310
Basic        
Average common shares outstanding 52,988 55,059 53,532 55,150
Earnings (loss) per share attributable to controlling interest $ (1.40) $ 0.95 $ 10.14 $ 0.86
Diluted        
Average common shares outstanding 52,988 56,072 54,439 56,205
Earnings (loss) per share attributable to controlling interest $ (1.40) $ 0.93 $ 9.97 $ 0.84
Common shares outstanding at end of period 52,754 55,094 52,754 55,094
Cash dividends declared per share $ 0.25 $ 0.24 $ 0.50 $ 0.48