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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Nov. 30, 2011
May 31, 2011
Current assets:    
Cash and cash equivalents $ 27,870 $ 57,433
Accounts receivable, less allowances of $5,562 and $5,719, respectively 294,012 287,435
Inventories 426,051 363,399
Rotable spares and equipment on or available for short-term lease 144,015 143,875
Deposits, prepaids and other 39,522 38,260
Deferred tax assets 23,583 23,583
Total current assets 955,053 913,985
Property, plant and equipment, net of accumulated depreciation of $256,389 and $235,098, respectively 345,128 324,377
Other assets:    
Goodwill and other intangible assets, net 215,301 181,097
Equipment on long-term lease 69,690 93,387
Investment in joint ventures 44,390 48,743
Other 192,050 142,138
Total other assets 521,431 465,365
Total assets 1,821,612 1,703,727
Current liabilities:    
Short-term debt 50,000 100,000
Current maturities of long-term debt 20,586 11,323
Current maturities of non-recourse long-term debt 6,545 823
Current maturities of long-term capital lease obligations 63 1,929
Accounts and trade notes payable 190,759 185,096
Accrued liabilities 106,991 116,839
Total current liabilities 374,944 416,010
Long-term debt, less current maturities 426,780 313,981
Non-recourse debt   11,032
Capital lease obligations 148 4,789
Deferred tax liabilities 102,609 98,322
Other liabilities and deferred income 53,739 24,304
Total noncurrent liabilities 583,276 452,428
Equity:    
Preferred stock, $1.00 par value, authorized 250 shares; none issued      
Common stock, $1.00 par value, authorized 100,000 shares; issued 44,899 and 44,986 shares, respectively 44,899 44,986
Capital surplus 418,143 423,805
Retained earnings 514,259 486,130
Treasury stock, 4,615 and 5,205 shares at cost, respectively (91,198) (100,431)
Accumulated other comprehensive loss (22,155) (18,645)
Total AAR shareholders' equity 863,948 835,845
Noncontrolling interest (556) (556)
Total equity 863,392 835,289
Total liabilities and equity $ 1,821,612 $ 1,703,727