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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 31, 2016
May 31, 2015
May 31, 2014
Cash Flows From Operating Activities:      
Net income $ 357,458 $ 228,328 $ 305,984
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 66,732 62,188 58,543
Amortization 44,307 36,988 31,526
Reversal of contingent consideration obligations (14,500) (29,665)  
Asset impairment charge 4,471 818  
Other-than-temporary impairments on marketable securities 3,811 22 161
Deferred income taxes 9,399 97,502 6,572
Stock-based compensation expense 31,287 31,741 23,568
Other non-cash interest expense 9,750 5,624 653
Gain on remeasurement of joint venture ownership (7,972)    
Realized (gains) on sales of marketable securities (6,457) (8,692) (7,353)
Other (15) (1,954) (1,833)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:      
(Increase) in receivables (24,582) (90,230) (79,080)
(Increase) in inventory (17,733) (31,348) (59,001)
(Increase) in prepaid expenses and other current and long-term assets (25,617) (4,590) (12,586)
(Decrease) increase in accounts payable (5,958) (16,249) 42,216
Increase (decrease) in accrued compensation and benefits 17,681 (1,297) 19,193
Increase (decrease) in accrued loss reserves 13,514 (7,218) (146)
Increase in other accrued liabilities 8,011 51,761 14,202
(Decrease) in contingent payment     (63,014)
Other 11,119 6,719 (1,456)
Cash Provided By Operating Activities 474,706 330,448 278,149
Cash Flows From Investing Activities:      
Capital expenditures (117,183) (85,363) (93,792)
Acquisition of businesses, net of cash acquired (51,992) (467,573) (39,248)
Purchase of marketable securities (32,280) (61,511) (83,536)
Proceeds from sales of marketable securities 32,631 48,971 70,249
Proceeds from sales of assets and businesses 866 4,079 2,794
Other 2,092 1,944 (6,178)
Cash (Used For) Investing Activities (165,866) (559,453) (149,711)
Cash Flows From Financing Activities:      
Additions to long-term and short-term debt 142,130 460,560 208,532
Reductions of long-term and short-term debt (147,155) (162,318) (215,011)
Cash dividends (144,350) (136,179) (125,743)
Shares of common stock repurchased and returned for taxes (71,346) (39,528) (12,906)
Payments of acquisition-related contingent consideration (2,088) (22,179) (5,000)
Exercise of stock options and awards, including tax benefit 18,540 8,560 11,934
Other (1,836) 1,277 951
Cash (Used For) Provided By Financing Activities (206,105) 110,193 (137,243)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (12,294) (39,345) (1,881)
Net Change in Cash and Cash Equivalents 90,441 (158,157) (10,686)
Cash and Cash Equivalents at Beginning of Period 174,711 332,868 343,554
Cash and Cash Equivalents at End of Period 265,152 174,711 332,868
Cash paid during the year for:      
Interest 73,087 79,371 81,505
Income taxes $ 63,208 $ 27,486 $ 103,338