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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
May 31, 2012
May 31, 2011
May 31, 2010
Cash flows from operating activities:      
Net income $ 25,772 $ 23,756 $ 11,597
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 54,960 49,127 43,759
Put option loss   952 671
Realized gain on redemption of trading securities   (952) (671)
Remeasurement loss on foreign currency 267 43 93
Provision for losses on accounts receivable 233 500 529
Realized gain on sale of investments available for sale     (841)
Gain on sale of rental and lease equipment (10,954) (12,083) (10,768)
Gain on bargain purchase, net of taxes (3,435) (202) (679)
Stock compensation expense 1,438 956 610
Excess tax benefit for share based compensation (102) (37) (62)
Deferred income taxes 11,120 23,454 (2,802)
Change in operating assets and liabilities:      
Accounts receivable (5,594) (4,819) (7,545)
Other assets (5,839) (8,950) (4,268)
Accounts payable (120) 1,184 939
Accrued expenses 1,516 (3,974) 2,467
Deferred revenue 613 (204) 1,144
Net cash provided by operating activities 69,875 68,751 34,173
Cash flows from investing activities:      
Proceeds from sale of rental and lease equipment 25,042 32,917 36,661
Cash paid for acquisition (10,327)   (24,653)
Proceeds from acquisition purchase price adjustment   260  
Payments for purchase of rental and lease equipment (96,709) (91,538) (56,891)
Redemptions of investments, available-for-sale     28,737
Redemptions of investments, trading   14,275 7,325
Payments for purchase of other property (900) (1,563) (682)
Net cash used in investing activities (82,894) (45,649) (9,503)
Cash flows from financing activities:      
Borrowing under bank line of credit 3,250    
Payment under bank line of credit (3,250)    
Proceeds from issuance of common stock   197 454
Minimum tax withholdings on share based compensation (47)    
Excess tax benefit for share based compensation 102 37 62
Payments for repurchase of common stock     (395)
Payment of dividends (19,378) (14,449) (14,360)
Net cash used in financing activities (19,323) (14,215) (14,239)
Net (decrease) increase in cash and cash equivalents (32,342) 8,887 10,431
Effect of exchange rate changes on cash 191 (352) 260
Cash and cash equivalents at beginning of year 41,441 32,906 22,215
Cash and cash equivalents at end of year $ 9,290 $ 41,441 $ 32,906