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Quarterly Financial Data (Unaudited)
12 Months Ended
May 31, 2019
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
The following is a summary of the results of operation for each of the quarters within the fiscal years ended May 31, 2019 and 2018:
May 31, 2019 (in thousands)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
 
 
 
 
 
 
Revenue
$
1,697,975

 
$
1,718,268

 
$
1,682,330

 
$
1,793,730

Gross margin
$
774,712

 
$
775,158

 
$
755,153

 
$
823,565

Net income, continuing operations
$
212,547

 
$
242,994

 
$
200,923

 
$
226,171

Basic earnings per share, continuing operations
$
1.96

 
$
2.25

 
$
1.89

 
$
2.13

Diluted earnings per share, continuing operations
$
1.89

 
$
2.18

 
$
1.83

 
$
2.06

Weighted average number of shares outstanding
106,835

 
106,475

 
105,080

 
105,018

May 31, 2018 (in thousands)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
 
 
 
 
 
 
Revenue
$
1,611,503

 
$
1,606,441

 
$
1,589,138

 
$
1,669,550

Gross margin
$
739,353

 
$
716,369

 
$
700,463

 
$
752,338

Net income, continuing operations
$
161,108

 
$
137,737

 
$
295,789

 
$
189,298

Basic earnings per share, continuing operations
$
1.50

 
$
1.27

 
$
2.73

 
$
1.74

Diluted earnings per share, continuing operations
$
1.45

 
$
1.24

 
$
2.66

 
$
1.68

Weighted average number of shares outstanding
105,740

 
106,340

 
106,558

 
106,593