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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
3 Months Ended
Aug. 31, 2011
Aug. 31, 2010
Cash flows from operating activities:    
Net income $ 16,649 $ 13,674
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 16,699 14,367
Amortization of stock-based compensation 2,617 2,623
Amortization of debt discount 3,220 3,011
Deferred tax provision 2,779 1,352
Tax benefits from exercise of stock options (765) (1)
Gain on extinguishment of debt   (97)
Earnings from joint ventures (205) (28)
Changes in certain assets and liabilities:    
Accounts receivable (9,001) (2,859)
Inventories (36,755) (8,482)
Rotable spares and equipment on or available for short-term lease (8,269) (15,276)
Equipment on long-term lease 19,446 2,076
Accounts and trade notes payable 4,993 15,221
Accrued and other liabilities (5,115) (7,097)
Other, primarily deposits and program costs (31,905) (11,266)
Net cash provided from (used in) operating activities (25,612) 7,218
Cash flows from investing activities:    
Property, plant and equipment expenditures (41,751) (37,046)
Proceeds from disposal of assets   15
Proceeds from aircraft joint ventures   598
Investment in aircraft joint ventures (401) (1,207)
Other (109) (1,188)
Net cash used in investing activities (42,261) (38,828)
Cash flows from financing activities:    
Change in short-term borrowings 50,000 14,991
Reduction in borrowings (3,060) (7,446)
Reduction in capital lease obligations (471) (436)
Reduction in equity due to convertible bond repurchases   (236)
Cash dividends (3,034)  
Purchase of treasury stock (1,038) (2,539)
Stock option exercises 2,897 47
Tax benefits from exercise of stock options 765 1
Net cash proivded from financing activities 46,059 4,382
Effect of exchange rate changes on cash (96) 13
Decrease in cash and cash equivalents (21,910) (27,215)
Cash and cash equivalents, beginning of period 57,433 79,370
Cash and cash equivalents, end of period $ 35,523 $ 52,155