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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Feb. 28, 2021
Feb. 29, 2020
Income Statement [Abstract]        
Net sales $ 759,109 $ 763,996 $ 2,193,110 $ 2,447,492
Cost of goods sold 595,011 648,451 1,780,180 2,094,045
Gross margin 164,098 115,545 412,930 353,447
Selling, general and administrative expense 86,895 80,928 251,220 260,294
Impairment of goodwill and long-lived assets 0 34,627 13,739 75,228
Restructuring and other expense, net 28,212 1,376 37,656 1,781
Incremental expenses related to Nikola gains (781) 0 53,300 0
Operating income (loss) 49,772 (1,386) 57,015 16,144
Other income (expense):        
Miscellaneous income, net 539 6,985 1,366 8,316
Interest expense (7,558) (7,362) (22,696) (24,157)
Equity in net income of unconsolidated affiliates 31,674 25,479 80,939 97,592
Gains on investment in Nikola 2,740 0 655,102 0
Loss on extinguishment of debt 0 0 0 (4,034)
Earnings before income taxes 77,167 23,716 771,726 93,861
Income tax expense 4,485 4,828 148,818 20,506
Net earnings 72,682 18,888 622,908 73,355
Net earnings attributable to noncontrolling interests 5,073 3,577 12,668 10,734
Net earnings attributable to controlling interest $ 67,609 $ 15,311 $ 610,240 $ 62,621
Basic        
Average common shares outstanding 52,149 54,930 53,076 55,078
Earnings per share attributable to controlling interest $ 1.30 $ 0.28 $ 11.50 $ 1.14
Diluted        
Average common shares outstanding 53,217 55,898 54,077 56,164
Earnings per share attributable to controlling interest $ 1.27 $ 0.27 $ 11.28 $ 1.11
Common shares outstanding at end of period 51,813 54,598 51,813 54,598
Cash dividends declared per share $ 0.25 $ 0.24 $ 0.75 $ 0.72