XML 33 R20.htm IDEA: XBRL DOCUMENT v3.6.0.2
SEGMENT INFORMATION
 6 Months Ended
Nov. 30, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

We evaluate performance and allocate resources based on the operating income of each operating segment. The operating income of each operating segment includes the revenues of the segment less expenses that are directly related to those revenues. Operating overhead, shared costs and certain compensation costs are included in Corporate in the following table. Interest and other income, interest and other expense and provision for income taxes are not allocated to the individual operating segments. We do not evaluate the performance of or allocate resources to our operating segments using asset data. The accounting policies of the reportable operating segments are the same as those described in our Annual Report on Form 10-K for the year ended May 31, 2016 and our summary of significant accounting policies in "Note 1-Basis of Presentation and Summary of Significant Accounting Policies."

Information on segments and reconciliations to consolidated revenues and consolidated operating income are as follows for the three and six months ended November 30, 2016 and November 30, 2015:
 
Three Months Ended
 
Six Months Ended
 
November 30, 2016
 
November 30, 2015
 
November 30, 2016
 
November 30, 2015
 
 
 
 
 
 
 
 
 
(in thousands)
Revenues(1):
 
 
 
 
 
 
 
North America
$
701,300

 
$
511,335

 
$
1,413,064

 
$
1,042,192

Europe
174,904

 
158,016

 
344,469

 
326,373

Asia-Pacific
65,617

 
52,999

 
123,780

 
102,581

 Consolidated revenues
$
941,821

 
$
722,350

 
$
1,881,313

 
$
1,471,146

 
 
 
 
 
 
 
 
Operating income (loss)(1):
 
 
 
 
 
 
 
North America
$
105,746

 
$
79,121

 
$
211,446

 
$
162,635

Europe
60,875

 
62,012

 
126,414

 
134,745

Asia-Pacific
16,658

 
11,857

 
30,680

 
24,089

Corporate(2)
(78,012
)
 
(29,825
)
 
(142,167
)
 
(60,532
)
 Consolidated operating income
$
105,267

 
$
123,165

 
$
226,373

 
$
260,937

 
 
 
 
 
 
 
 
Depreciation and amortization(1):
 
 
 
 
 
 
 
North America
$
90,964

 
$
24,222

 
$
177,880

 
$
47,965

Europe
12,188

 
9,921

 
22,601

 
20,265

Asia-Pacific
4,476

 
3,358

 
8,902

 
6,415

Corporate
1,054

 
1,248

 
2,486

 
2,861

 Consolidated depreciation and amortization
$
108,682

 
$
38,749

 
$
211,869

 
$
77,506



(1) Revenues, operating income and depreciation and amortization reflect the effect of acquired businesses from the respective dates of acquisition. Notably, on April 22, 2016, we merged with Heartland as further discussed in "Note 2 - Acquisitions."

(2) During the three and six months ended November 30, 2016, operating loss for Corporate included expenses of $36.6 million and $67.2 million incurred in connection with the integration of Heartland. These expenses are included in selling, general and administrative expenses in the consolidated statements of income.