XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Cash Flows from Operating Activities:    
Net Income $ 169,279 $ 134,795
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 38,416 37,944
Restructuring charges, net of payments   (2,004)
Fair value adjustments to contingent earnout obligations   1,027
Deferred income taxes (1,919) (3,452)
Stock-based compensation expense 9,062 5,763
Net loss (gain) on marketable securities 6,606 (3,476)
Other 111 (76)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
(Increase) decrease in receivables (266) 98,166
(Increase) in inventory (148,188) (68,155)
(Increase) in prepaid expenses and other current and long-term assets (36,021) (15,648)
Increase (decrease) in accounts payable 15,113 (42,912)
(Decrease) in accrued compensation and benefits (92,970) (100,201)
Increase (decrease) in accrued losses 1,873 (3,530)
Increase in other accrued liabilities 62,459 37,866
Cash Provided by Operating Activities 23,555 76,107
Cash Flows from Investing Activities:    
Capital expenditures (57,818) (51,888)
Acquisition of businesses, net of cash acquired (36,373) (35,802)
Purchase of marketable securities (6,440) (5,843)
Proceeds from sales of marketable securities 4,116 2,766
Other 80 250
Cash (Used for) Investing Activities (96,435) (90,517)
Cash Flows from Financing Activities:    
Additions to long-term and short-term debt 250,051 60,547
Reductions of long-term and short-term debt (75,264) (471)
Cash dividends (51,420) (48,901)
Repurchases of common stock (25,000) (12,500)
Shares of common stock returned for taxes (12,430) (5,802)
Payments of acquisition-related contingent consideration (3,705) (60)
Other (2,487)  
Cash Provided by(Used for) Financing Activities 79,745 (7,187)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (10,963) (11,895)
Net Change in Cash and Cash Equivalents (4,098) (33,492)
Cash and Cash Equivalents at Beginning of Period 201,672 246,704
Cash and Cash Equivalents at End of Period 197,574 213,212
Cash paid during the period for:    
Interest 24,493 17,301
Income Taxes, net of refunds 15,813 28,016
Supplemental Disclosures of Noncash Investing Activities:    
Capital expenditures accrued within accounts payable at quarter-end $ 8,733 $ 8,442