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Related Party Transactions
12 Months Ended
May 31, 2023
Related Party Transactions [Abstract]  
Related Party Transactions

Note U – Related Party Transactions

 

We purchase from, and sell to, affiliated companies certain raw materials and services at prevailing market prices. Net sales to affiliated companies for fiscal 2023, fiscal 2022 and fiscal 2021 totaled $35,836, $82,516, and $41,426, respectively. Purchases from affiliated companies for fiscal 2023, fiscal 2022 and fiscal 2021 totaled $2,530, $12,389, and $5,000, respectively. Accounts receivable from affiliated companies were $3,642 and $3,551 at May 31, 2023 and 2022, respectively. Accounts payable to affiliated companies were $7 and $12 at May 31, 2023 and 2022, respectively.