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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
May 31, 2013
May 31, 2012
May 31, 2011
OPERATING ACTIVITIES      
Net income (loss) $ 24,550 $ 7,476 $ (64,913)
Adjustments to reconcile net income (loss) to cash provided by operating activities      
Depreciation, depletion and amortization 59,865 60,952 64,297
(Gains), net on asset disposals (64,425) (67,610) (13,638)
Deferred income tax (benefit) expense 3,423 (88) (42,875)
Stock-based compensation expense 9,513 2,387 5,581
Loss on debt retirements 0 0 29,619
Other – net (6,965) 1,223 3,158
Changes in operating assets and liabilities      
Receivables – net (27,138) (13,303) 13,379
Inventories 21,433 10,829 2,164
Prepaid expenses (238) 1,385 1,301
Accounts payable and accrued liabilities 13,282 6,923 11,172
Net cash provided by operating activities 33,300 10,174 9,245
INVESTING ACTIVITIES      
Capital expenditures – expansions (67,426) (72,906) (25,430)
Capital expenditures – other (25,395) (33,430) (20,253)
Proceeds from asset disposals 18,481 66,845 3,596
Investments in life insurance contracts 2,467 3,354 4,073
Other – net (102) (245) 1,266
Net cash provided (used) by investing activities (71,975) (36,382) (36,748)
FINANCING ACTIVITIES      
Long-term borrowings 0 0 650,000
Debt payments (2,684) (300) (561,627)
Debt issuance costs 0 (1,829) (12,492)
Stock option exercises 14,628 2,023 1,462
Excess tax benefits from stock-based compensation 0 0 0
Common dividends paid 0 (2,091) (8,354)
Net cash provided (used) by financing activities 11,944 (2,197) 68,989
Increase (decrease) in cash and cash equivalents (26,731) (28,405) 41,486
Cash and cash equivalents at beginning of period 88,027 116,432 74,946
Cash and cash equivalents at end of period $ 61,296 $ 88,027 $ 116,432