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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
12 Months Ended
May 31, 2011
May 31, 2010
May 31, 2009
Cash flows provided from operating activities:      
Net income attributable to AAR and noncontrolling interest $ 69,826 $ 43,202 $ 56,772
Adjustments to reconcile net income attributable to AAR and noncontrolling interest to net cash provided from operating activities:      
Depreciation and amortization 59,296 38,930 40,094
Amortization of stock-based compensation 12,308 9,335 6,216
Amortization of debt discount 12,309 11,589 13,502
Deferred tax provision 40,644 (2,659) 5,533
Tax benefits from exercise of stock options (247) (817) (171)
Impairment charges 5,355   31,133
Gain on extinguishment of debt (97) (893) (14,701)
Loss on sale of investment   1,150 1,393
Gain on sale of product line (5,922)    
Earnings from joint ventures (3,344) (112) (8,496)
Loss on disposal of business, net of tax     1,403
Changes in certain assets and liabilities, net of acquisitions:      
Accounts and notes receivable (45,026) 33,926 (26,388)
Inventories (13,017) 19,015 (45,414)
Rotable spares and equipment on or available for short-term lease (21,598) 19,157 4,270
Equipment on long-term lease 3,310 3,944 (1,265)
Accounts and trade notes payable 48,701 (1,474) 2,651
Accrued and other liabilities 8,230 (376) (7,423)
Other, primarily deposits and program costs (62,130) (20,761) 5,342
Net cash provided from operating activities 108,598 153,156 64,451
Cash flows provided from (used in) investing activities:      
Property, plant and equipment expenditures (124,879) (28,855) (27,535)
Proceeds from disposal of assets 24 109 67
Proceeds from sale of product line 10,000   767
Proceeds from disposal of business   650 100
Proceeds from sale of available for sale securities   1,160 1,551
Company acquired, net of cash   (193,989)  
Proceeds from aircraft joint ventures 8,306 44 4,230
Investment in aircraft joint ventures (9,893) (4,239) (828)
Proceeds from leveraged leases   5,220 (319)
Other (2,293) (2,440) (2,260)
Net cash used in investing activities (118,735) (222,340) (24,227)
Cash flows provided from (used in) financing activities:      
Change in short-term borrowings, net 54,991 60,004 49,090
Reduction in borrowings, net (61,532) (25,221) (78,400)
Reduction in capital lease obligations (1,796) (1,815) (1,635)
Reduction in equity due to convertible bond repurchase (236) (374) (5,992)
Cash dividends (2,983)    
Purchase of treasury stock (2,539)    
Stock option exercises 2,021 2,297 599
Tax benefits from exercise of stock options 247 817 171
Contributions from noncontrolling interest   462  
Net cash provided from (used in) financing activities (11,827) 36,170 (36,167)
Effect of exchange rate changes on cash 27 (121) (943)
Increase (decrease) in cash and cash equivalents (21,937) (33,135) 3,114
Cash and cash equivalents, beginning of year 79,370 112,505 109,391
Cash and cash equivalents, end of year $ 57,433 $ 79,370 $ 112,505