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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Nov. 30, 2024
Dec. 02, 2023
Cash Flows from Operating Activities:    
Net earnings $ 34.7 $ 50.5
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 70.3 74.6
Stock-based compensation 17.9 11.7
Amortization of deferred financing costs 2.3 2.3
Loss on sale of equity method investment 0.0 0.4
Operating leases 4.6 (2.3)
Deferred taxes 0.9 (0.3)
Restructuring expense 0.0 7.0
(Increase) decrease in current assets (75.1) 71.0
Increase (decrease) in current liabilities 18.0 (1.7)
Other, net 2.8 0.2
Net Cash Provided by Operating Activities 76.4 213.4
Cash Flows from Investing Activities:    
Advances of notes receivable (2.3) (7.1)
Collection of notes receivable 3.2 1.0
Proceeds from the sale of equity method investment 0.0 3.5
Capital expenditures (44.9) (39.9)
Other, net (0.8) 1.2
Net Cash Used in Investing Activities (44.8) (41.3)
Cash Flows from Financing Activities:    
Repayments of long-term debt (18.1) (13.1)
Proceeds from credit facility 486.6 386.1
Repayments of credit facility (413.5) (457.8)
Dividends paid (26.2) (28.1)
Common stock issued 3.4 1.9
Common stock repurchased and retired (66.9) (60.0)
Other, net 0.8 0.2
Net Cash Used in Financing Activities (33.9) (170.8)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (7.0) 1.0
Net Decrease in Cash and Cash Equivalents (9.3) 2.3
Cash and Cash Equivalents, Beginning of Period 230.4 223.5
Cash and Cash Equivalents, End of Period $ 221.1 $ 225.8