XML 53 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
May 31, 2012
May 31, 2011
May 31, 2010
Sales:      
Sales from products $ 1,384,224 $ 1,250,146 $ 1,067,490
Sales from services 680,774 554,966 284,661
Total sales 2,064,998 1,805,112 1,352,151
Costs and operating expenses:      
Cost of products 1,208,624 1,067,173 922,192
Cost of services 534,117 425,528 186,440
Cost of sales - restructuring and impairment 3,700 5,355  
Selling, general and administrative 189,397 182,694 153,299
Total costs and operating expenses 1,935,838 1,680,750 1,261,931
Gain on sale of product line   5,922  
Earnings from joint ventures 1,542 3,344 112
Operating income 130,702 133,628 90,332
(Loss) gain on extinguishment of debt (664) 97 893
Interest expense (37,772) (30,667) (26,832)
Interest income 1,243 349 945
Loss on sale of investments     (1,150)
Income before provision for income taxes 93,509 103,407 64,188
Provision for income taxes 25,480 33,581 20,986
Net income attributable to AAR and noncontrolling interest 68,029 69,826 43,202
(Income) loss attributable to noncontrolling interest (306)   1,426
Net income attributable to AAR $ 67,723 $ 69,826 $ 44,628
Earnings per share - basic (in dollars per share) $ 1.68 $ 1.76 $ 1.17
Earnings per share - diluted (in dollars per share) $ 1.65 $ 1.73 $ 1.16