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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Cash flows from operating activities:    
Net income $ 2,470 $ 4,771
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,919 14,168
Rental and lease equipment impairment 443 0
Remeasurement (gain)/loss on foreign currency 48 (41)
Provision for losses on accounts receivable 68 107
Gain on sale of rental and lease equipment (3,754) (3,082)
Stock compensation expense 273 288
Excess tax benefit for share-based compensation 1 (82)
Deferred income taxes (936) (1,235)
Change in operating assets and liabilities:    
Accounts receivable 6,076 (89)
Other assets 9 (2,433)
Accounts payable (1,222) 632
Accrued expenses (1,764) (508)
Deferred revenue 23 (64)
Net cash provided by operating activities 16,654 12,432
Cash flows from investing activities:    
Proceeds from sale of rental and lease equipment 10,046 8,284
Payments for purchase of rental and lease equipment (16,266) (17,823)
Payments for purchase of other property (70) (61)
Net cash used in investing activities (6,290) (9,600)
Cash flows from financing activities:    
Borrowings under bank line of credit 10,407 8,581
Payments under bank line of credit (12,794) (8,581)
Minimum tax withholdings on share-based compensation (114) (10)
Excess tax benefit for share-based compensation (1) 82
Payment of dividends (3,151) (5,015)
Net cash used in financing activities (5,653) (4,943)
Effect of exchange rate changes on cash (26) 139
Net increase (decrease) in cash 4,685 (1,972)
Cash at beginning of period 4,064 5,946
Cash at end of period 8,749 3,974
Supplemental Cash Flow Information    
Interest paid, during the period 14 4
Income taxes paid, during the period 3,029 369
Dividends accrued during the period, not yet paid 60 87
Rental equipment acquisitions, not yet paid 3,633 4,304
Used equipment sales in accounts receivable and other assets, not yet collected 6,432 7,811
Transfers from other assets to rental and lease equipment $ 71 $ 413