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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
May 31, 2012
May 31, 2011
Current assets:    
Cash $ 67,720 $ 57,433
Accounts receivable 302,056 287,435
Inventories 461,166 363,399
Rotable spares and equipment on or available for short-term lease 138,586 143,875
Deposits, prepaids and other 71,106 38,260
Deferred tax assets 22,638 23,583
Total current assets 1,063,272 913,985
Property, plant and equipment, at cost:    
Land 9,036 4,842
Buildings and improvements 98,685 95,201
Equipment, furniture and fixtures 573,648 459,432
Property, plant and equipment, gross 681,369 559,475
Accumulated depreciation (298,436) (235,098)
Property, plant and equipment, net 382,933 324,377
Other assets:    
Goodwill and other intangible assets, net 417,562 181,097
Equipment on long-term lease 73,082 93,387
Investment in joint ventures 49,892 48,743
Other 208,912 142,138
Total other assets 749,448 465,365
Total assets 2,195,653 1,703,727
Current liabilities:    
Short-term debt 628 100,000
Current maturities of long-term debt 122,152 11,323
Current maturities of non-recourse long-term debt   823
Current maturities of long-term capital lease obligations 85 1,929
Accounts and trade notes payable 201,405 185,096
Accrued liabilities 148,956 116,839
Total current liabilities 473,226 416,010
Long-term debt, less current maturities 669,404 313,981
Non-recourse debt   11,032
Capital lease obligations 85 4,789
Deferred tax liabilities 115,908 98,322
Other liabilities and deferred income 71,008 24,304
Total noncurrent liabilities 856,405 452,428
Equity:    
Preferred stock, $1.00 par value, authorized 250 shares; none issued      
Common stock, $1.00 par value, authorized 100,000 shares; issued 44,849 and 44,986 shares, respectively 44,849 44,986
Capital surplus 423,622 423,805
Retained earnings 541,772 486,130
Treasury stock, 4,576 and 5,205 shares at cost, respectively (90,404) (100,431)
Accumulated other comprehensive loss (55,190) (18,645)
Total AAR stockholders' equity 864,649 835,845
Noncontrolling interest 1,373 (556)
Total equity 866,022 835,289
Total liabilities and equity $ 2,195,653 $ 1,703,727