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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 31, 2017
May 31, 2016
May 31, 2015
Cash Flows From Operating Activities:      
Net income $ 184,671 $ 357,458 $ 228,328
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 71,870 66,732 62,188
Amortization 44,903 44,307 36,988
Goodwill and Other Intangible Asset Impairments 193,198    
Adjustments to contingent consideration obligations 3,000 (14,500) (29,665)
Other asset impairment charge   4,471 818
Other-than-temporary impairments on marketable securities 420 3,811 22
Deferred income taxes 24,049 9,399 97,502
Stock-based compensation expense 32,541 31,287 31,741
Other non-cash interest expense 9,986 9,750 5,624
Gain on remeasurement of joint venture ownership   (7,972)  
Realized (gains) on sales of marketable securities (8,174) (6,457) (8,692)
Other 280 (15) (1,954)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:      
(Increase) in receivables (5,690) (24,582) (90,230)
(Increase) in inventory (70,726) (17,733) (31,348)
(Increase) in prepaid expenses and other current and long-term assets (38,130) (25,617) (4,590)
Increase (decrease) in accounts payable 16,247 (5,958) (16,249)
(Decrease) increase in accrued compensation and benefits (4,577) 17,681 (1,297)
(Decrease) increase in accrued loss reserves (3,422) 13,514 (7,218)
(Decrease) increase in other accrued liabilities (64,322) 8,011 51,761
Other 3 11,119 6,719
Cash Provided By Operating Activities 386,127 474,706 330,448
Cash Flows From Investing Activities:      
Capital expenditures (126,109) (117,183) (85,363)
Acquisition of businesses, net of cash acquired (254,200) (51,992) (467,573)
Purchase of marketable securities (38,062) (32,280) (61,511)
Proceeds from sales of marketable securities 76,588 32,631 48,971
Proceeds from sales of assets and businesses   866 4,079
Other 2,118 2,092 1,944
Cash (Used For) Investing Activities (339,665) (165,866) (559,453)
Cash Flows From Financing Activities:      
Additions to long-term and short-term debt 597,633 142,130 460,560
Reductions of long-term and short-term debt (154,348) (147,155) (162,318)
Cash dividends (156,752) (144,350) (136,179)
Shares of common stock repurchased and returned for taxes (21,948) (71,346) (39,528)
Payments of acquisition-related contingent consideration (4,284) (2,088) (22,179)
Exercise of stock options and awards, including tax benefit   18,540 8,560
Payments for 524(g) trust (221,638)    
Other (2,692) (1,836) 1,277
Cash Provided By (Used For) Financing Activities 35,971 (206,105) 110,193
Effect of Exchange Rate Changes on Cash and Cash Equivalents 2,912 (12,294) (39,345)
Net Change in Cash and Cash Equivalents 85,345 90,441 (158,157)
Cash and Cash Equivalents at Beginning of Period 265,152 174,711 332,868
Cash and Cash Equivalents at End of Period 350,497 265,152 174,711
Cash paid during the year for:      
Interest 78,685 73,087 79,371
Income taxes $ 71,236 $ 63,208 $ 27,486