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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Cash Flows from Operating Activities:    
Net Income $ 228,554 $ 201,313
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,185 43,539
Deferred income taxes (4,646) 2,295
Stock-based compensation expense 6,226 9,118
Net (gain) on marketable securities (5,971) (6,451)
Net loss on sales of assets and businesses 0 3,263
Other (70) 5,100
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
Decrease in receivables 78,011 87,712
(Increase) decrease in inventory (43,991) 22,281
(Increase) in prepaid expenses and other current and long-term assets (37,620) (14,277)
Increase in accounts payable 52,152 18,840
(Decrease) in accrued compensation and benefits (116,792) (88,460)
(Decrease) increase in accrued losses (123) 2,211
Increase in other accrued liabilities 46,144 72,726
Cash Provided by Operating Activities 248,059 359,210
Cash Flows from Investing Activities:    
Capital expenditures (50,742) (52,201)
Acquisition of businesses, net of cash acquired (6,223) (4,026)
Purchase of marketable securities (11,394) (16,235)
Proceeds from sales of marketable securities 4,188 9,443
Other 90 1,502
Cash (Used for) Investing Activities (64,081) (61,517)
Cash Flows from Financing Activities:    
Additions to long-term and short-term debt 37,807 852
Reductions of long-term and short-term debt (131,809) (193,085)
Cash dividends (58,892) (54,065)
Repurchases of common stock (17,500) (12,500)
Shares of common stock returned for taxes (15,396) (14,833)
Other (162) (712)
Cash (Used for) Financing Activities (185,952) (274,343)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (3,850) 1,449
Net Change in Cash and Cash Equivalents (5,824) 24,799
Cash and Cash Equivalents at Beginning of Period 237,379 215,787
Cash and Cash Equivalents at End of Period 231,555 240,586
Cash paid during the period for:    
Interest 26,438 32,819
Income Taxes, net of refunds 43,728 18,052
Supplemental Disclosures of Noncash Investing Activities:    
Capital expenditures accrued within accounts payable at quarter-end $ 15,180 $ 15,176