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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Cash Flows from Operating Activities:    
Net Income $ 201,313 $ 169,279
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 43,539 38,416
Deferred income taxes 2,295 (1,919)
Stock-based compensation expense 9,118 9,062
Net (gain) loss on marketable securities (6,451) 6,606
Net loss on sales of assets and businesses 3,263  
Other 5,100 111
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
Decrease (increase) in receivables 87,712 (266)
Decrease (increase) in inventory 22,281 (148,188)
(Increase) in prepaid expenses and other current and long-term assets (14,277) (36,021)
Increase in accounts payable 18,840 15,113
(Decrease) in accrued compensation and benefits (88,460) (92,970)
Increase in accrued losses 2,211 1,873
Increase in other accrued liabilities 72,726 62,459
Cash Provided by Operating Activities 359,210 23,555
Cash Flows from Investing Activities:    
Capital expenditures (52,201) (57,818)
Acquisition of businesses, net of cash acquired (4,026) (36,373)
Purchase of marketable securities (16,235) (6,440)
Proceeds from sales of marketable securities 9,443 4,116
Other 1,502 80
Cash (Used for) Investing Activities (61,517) (96,435)
Cash Flows from Financing Activities:    
Additions to long-term and short-term debt 852 250,051
Reductions of long-term and short-term debt (193,085) (75,264)
Cash dividends (54,065) (51,420)
Repurchases of common stock (12,500) (25,000)
Shares of common stock returned for taxes (14,833) (12,430)
Payments of acquisition-related contingent consideration   (3,705)
Other (712) (2,487)
Cash (Used for) Provided by Financing Activities (274,343) 79,745
Effect of Exchange Rate Changes on Cash and Cash Equivalents 1,449 (10,963)
Net Change in Cash and Cash Equivalents 24,799 (4,098)
Cash and Cash Equivalents at Beginning of Period 215,787 201,672
Cash and Cash Equivalents at End of Period 240,586 197,574
Cash paid during the period for:    
Interest 32,819 24,493
Income Taxes, net of refunds 18,052 15,813
Supplemental Disclosures of Noncash Investing Activities:    
Capital expenditures accrued within accounts payable at quarter-end $ 15,176 $ 8,733