Property and Equipment

12 Months Ended

May 31, 2013

Property, Plant and Equipment [Abstract]



(In thousands)	2013		2012

Land	$	112,311	$	108,176
Buildings and improvements	512,717		497,249
Equipment	1,631,213		1,478,270
Leasehold improvements	27,543		25,502
Construction in progress	58,463		62,370
	2,342,247		2,171,567
Less: accumulated depreciation	1,355,544		1,218,980
	$	986,703	$	952,587

Interest expense is net of capitalized interest of $1.3 million and $2.2 million for the fiscal years ended May 31, 2012 and 2011, respectively. Interest was not capitalized during the fiscal year ended May 31, 2013.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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