Condensed Consolidated Balance Sheets (USD $) In Thousands	Aug. 31, 2011	May 31, 2011
Current assets:
Cash and cash equivalents	$ 35,523	$ 57,433
Accounts receivable, less allowances of $5,615 and $5,719, respectively	296,382	287,435
Inventories	402,740	363,399
Rotable spares and equipment on or available for short-term lease	146,189	143,875
Deposits, prepaids and other	39,830	38,260
Deferred tax assets	23,583	23,583
Total current assets	944,247	913,985
Property, plant and equipment, net of accumulated depreciation of $246,183 and $235,098, respectively	335,269	324,377
Other assets:
Goodwill and other intangible assets, net	179,145	181,097
Equipment on long-term lease	76,304	93,387
Investment in joint ventures	44,256	48,743
Other	173,151	142,138
Total other assets	472,856	465,365
Total assets	1,752,372	1,703,727
Current liabilities:
Short-term debt	50,000	100,000
Current maturities of long-term debt	19,208	11,323
Current maturities of non-recourse long-term debt	840	823
Current maturities of long-term capital lease obligations	6,334	1,929
Accounts and trade notes payable	168,791	185,096
Accrued liabilities	104,912	116,839
Total current liabilities	350,085	416,010
Long-term debt, less current maturities	414,700	313,981
Non-recourse debt	2,615	11,032
Capital lease obligations	148	4,789
Deferred tax liabilities	99,871	98,322
Other liabilities and deferred income	35,824	24,304
Total noncurrent liabilities	553,158	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 44,934 and 44,986 shares, respectively	44,934	44,986
Capital surplus	412,924	423,805
Retained earnings	499,745	486,130
Treasury stock, 4,473 and 5,205 shares at cost, respectively	(86,856)	(100,431)
Accumulated other comprehensive loss	(21,062)	(18,645)
Total AAR shareholders' equity	849,685	835,845
Noncontrolling interest	(556)	(556)
Total equity	849,129	835,289
Total liabilities and equity	$ 1,752,372	$ 1,703,727