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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Cash Flows from Operating Activities:    
Net Income $ 328,060 $ 293,160
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 115,186 114,295
Restructuring charges, net of payments   (2,341)
Goodwill Impairment 36,745  
Fair value adjustments to contingent earnout obligations   2,470
Deferred income taxes 8,506 (16,908)
Stock-based compensation expense 23,636 29,287
Net loss on marketable securities 3,241 10,032
Net (gain) on sales of assets and a business (25,881) (42,491)
Other 684 112
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
Decrease in receivables 202,742 170,513
(Increase) in inventory (142,069) (273,519)
Decrease in prepaid expenses and other current and long-term assets 4,807 506
(Decrease) in accounts payable (195,093) (9,884)
(Decrease) in accrued compensation and benefits (54,747) (47,442)
(Decrease) in accrued losses (2,119) (2,985)
(Decrease) in other accrued liabilities (40,690) (68,854)
Cash Provided by Operating Activities 263,008 155,951
Cash Flows from Investing Activities:    
Capital expenditures (179,725) (152,401)
Acquisition of businesses, net of cash acquired (47,542) (116,457)
Purchase of marketable securities (13,173) (13,674)
Proceeds from sales of marketable securities 9,596 9,004
Proceeds from sales of assets and a business, net 53,318 51,913
Other 2,127 (55)
Cash (Used for) Investing Activities (175,399) (221,670)
Cash Flows from Financing Activities:    
Additions to long-term and short-term debt 489,881 300,967
Reductions of long-term and short-term debt (354,135) (72,493)
Cash dividends (159,841) (152,575)
Repurchases of common stock (37,500) (27,500)
Shares of common stock returned for taxes (15,252) (10,906)
Payments of acquisition-related contingent consideration (3,765) (5,774)
Other (2,689) (3,824)
Cash (Used for) Provided by Financing Activities (83,301) 27,895
Effect of Exchange Rate Changes on Cash and Cash Equivalents (12,110) (15,689)
Net Change in Cash and Cash Equivalents (7,802) (53,513)
Cash and Cash Equivalents at Beginning of Period 201,672 246,704
Cash and Cash Equivalents at End of Period 193,870 193,191
Cash paid during the period for:    
Interest 83,248 58,129
Income Taxes, net of refunds 133,753 130,862
Supplemental Disclosures of Noncash Investing Activities:    
Capital expenditures accrued within accounts payable at quarter-end $ 12,147 $ 9,390