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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Cash Flows from Operating Activities:    
Net Income $ 412,004 $ 347,128
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 92,743 84,177
Deferred income taxes (31,252) (5,574)
Stock-based compensation expense 13,549 17,147
Net (gain) on marketable securities (10,684) (6,226)
Net loss on sales of assets and businesses 0 3,623
Other (335) 4,007
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
Decrease in receivables 122,603 272,262
(Increase) decrease in inventory (42,981) 37,243
(Increase) decrease in prepaid expenses and other current and long-term assets (11,193) 21,260
Increase (decrease) in accounts payable 34,364 (11,806)
(Decrease) in accrued compensation and benefits (84,929) (53,980)
Increase in accrued losses 2,827 8,332
Increase in other accrued liabilities 30,792 50,188
Cash Provided by Operating Activities 527,508 767,781
Cash Flows from Investing Activities:    
Capital expenditures (100,732) (89,300)
Acquisition of businesses, net of cash acquired (85,649) (15,404)
Purchase of marketable securities (23,533) (22,057)
Proceeds from sales of marketable securities 12,802 13,796
Other (1,424) 1,326
Cash (Used for) Investing Activities (198,536) (111,639)
Cash Flows from Financing Activities:    
Additions to long-term and short-term debt 25,086 0
Reductions of long-term and short-term debt (134,022) (449,485)
Cash dividends (124,514) (113,325)
Repurchases of common stock (35,000) (25,000)
Shares of common stock returned for taxes (16,150) (20,689)
Payments of acquisition-related contingent consideration (1,122) (1,082)
Other (689) (713)
Cash (Used for) Financing Activities (286,411) (610,294)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (11,257) 1,111
Net Change in Cash and Cash Equivalents 31,304 46,959
Cash and Cash Equivalents at Beginning of Period 237,379 215,787
Cash and Cash Equivalents at End of Period 268,683 262,746
Cash paid during the period for:    
Interest 47,989 61,586
Income Taxes, net of refunds 129,963 124,518
Supplemental Disclosures of Noncash Investing Activities:    
Capital expenditures accrued within accounts payable at quarter-end $ 16,406 $ 12,463