|
Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Feb. 28, 2014
|
Feb. 28, 2013
|
Feb. 28, 2014
|
Feb. 28, 2013
|
|
| Net sales | $ 773,230 | $ 619,527 | $ 2,235,421 | $ 1,908,184 |
| Cost of goods sold | 650,743 | 522,501 | 1,873,738 | 1,622,651 |
| Gross margin | 122,487 | 97,026 | 361,683 | 285,533 |
| Selling, general and administrative expense | 75,680 | 63,221 | 225,615 | 187,744 |
| Impairment of long-lived assets | 35,375 | 1,520 | ||
| Restructuring and other expense (income) | 1,398 | 146 | (3,781) | 1,811 |
| Joint venture transactions | 120 | 253 | 1,048 | (1,188) |
| Operating income | 45,289 | 33,406 | 103,426 | 95,646 |
| Other income (expense): | ||||
| Miscellaneous income | 488 | 596 | 13,897 | 1,064 |
| Interest expense | (6,196) | (6,158) | (18,694) | (17,751) |
| Equity in net income of unconsolidated affiliates | 21,186 | 25,716 | 69,223 | 73,580 |
| Earnings before income taxes | 60,767 | 53,560 | 167,852 | 152,539 |
| Income tax expense | 16,556 | 16,229 | 38,948 | 47,721 |
| Net earnings | 44,211 | 37,331 | 128,904 | 104,818 |
| Net earnings attributable to noncontrolling interest | 3,608 | 200 | 10,767 | 1,899 |
| Net earnings attributable to controlling interest | $ 40,603 | $ 37,131 | $ 118,137 | $ 102,919 |
| Basic | ||||
| Average common shares outstanding | 68,895 | 69,791 | 69,268 | 68,998 |
| Earnings per share attributable to controlling interest | $ 0.59 | $ 0.53 | $ 1.71 | $ 1.49 |
| Diluted | ||||
| Average common shares outstanding | 71,528 | 71,914 | 71,910 | 70,501 |
| Earnings per share attributable to controlling interest | $ 0.57 | $ 0.52 | $ 1.64 | $ 1.46 |
| Common shares outstanding at end of period | 68,302 | 70,168 | 68,302 | 70,168 |
| Cash dividends declared per share | $ 0.15 | $ 0.26 | $ 0.45 | $ 0.52 |