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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Cash Flows from Operating Activities:    
Net Income $ 134,795 $ 180,785
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Depreciation and amortization 37,944 35,317
Restructuring charges, net of payments (2,004) (1,972)
Fair value adjustments to contingent earnout obligations 1,027 2,712
Deferred income taxes (3,452) 1,938
Stock-based compensation expense 5,763 10,457
Net (gain) on marketable securities (3,476) (11,784)
Other (76) (10)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
Decrease in receivables 98,166 692
(Increase) decrease in inventory (68,155) 43,395
(Increase) in prepaid expenses and other current and long-term assets (15,648) (5,526)
(Decrease) increase in accounts payable (42,912) 4,945
(Decrease) in accrued compensation and benefits (100,201) (55,368)
(Decrease) increase in accrued losses (3,530) 1,936
Increase in other accrued liabilities 37,866 109,399
Other   1,173
Cash Provided by Operating Activities 76,107 318,089
Cash Flows from Investing Activities:    
Capital expenditures (51,888) (41,488)
Acquisition of businesses, net of cash acquired (35,802) 0
Purchase of marketable securities (5,843) (17,104)
Proceeds from sales of marketable securities 2,766 16,070
Other 250 244
Cash (Used For) Investing Activities (90,517) (42,278)
Cash Flows from Financing Activities:    
Additions to long-term and short-term debt 60,547 136
Reductions of long-term and short-term debt (471) (213,090)
Cash dividends (48,901) (46,622)
Repurchases of common stock (12,500) 0
Shares of common stock returned for taxes (5,802) (7,115)
Payments of acquisition-related contingent consideration (60) (2,217)
Cash (Used For) Financing Activities (7,187) (268,908)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (11,895) 11,446
Net Change in Cash and Cash Equivalents (33,492) 18,349
Cash and Cash Equivalents at Beginning of Period 246,704 233,416
Cash and Cash Equivalents at End of Period 213,212 251,765
Cash paid during the period for:    
Interest 17,301 17,566
Income Taxes, net of refunds $ 28,016 $ 16,845