Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

May 31, 2021

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 2021 and fiscal 2020:

(in thousands, except per share)	Three Months Ended
Fiscal 2021	August 31			November 30			February 28		May 31
Net sales	$	702,909		$	731,092		$	759,109	$	978,319
Gross margin		113,358			135,474			164,098		226,148
Impairment of long-lived assets (1)		9,924			3,815			-		-
Net earnings (loss)		618,738			(68,512	)		72,683		118,542
Net earnings (loss) attributable to controlling interest		616,675			(74,044	)		67,609		113,555
Basic earnings (loss) per share - controlling interest	$	11.41		$	(1.40	)	$	1.30	$	2.20
Diluted earnings (loss) per share - controlling interest	$	11.22		$	(1.40	)	$	1.27	$	2.15
Fiscal 2020	August 31			November 30			February 29		May 31
Net sales	$	855,859		$	827,637		$	763,996	$	611,627
Gross margin		117,291			120,611			115,545		89,890
Impairment of goodwill and long-lived assets (1)		40,601			-			34,627		7,462
Net earnings (loss)		(2,455	)		56,922			18,888		11,089
Net earnings (loss) attributable to controlling interest		(4,776	)		52,086			15,311		16,175
Basic earnings (loss) per share - controlling interest	$	(0.09	)	$	0.95		$	0.28	$	0.30
Diluted earnings (loss) per share - controlling interest	$	(0.09	)	$	0.93		$	0.27	$	0.29

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