Investments in Unconsolidated Affiliates (Tables)

9 Months Ended

Feb. 29, 2024

Equity Method Investments and Joint Ventures [Abstract]

Financial Information

The following tables summarize combined financial information for our unconsolidated affiliates included in continuing operations as of the dates, and for the periods presented:

	February 29,		May 31,
(In thousands)	2024		2023
Cash and cash equivalents	$	86,533	$	36,988
Other current assets		574,099		661,700
Non-current assets		324,793		335,567
Total assets	$	985,425	$	1,034,255
Current liabilities		312,235		176,959
Current maturities of long-term debt		20,500		36,936
Long-term debt		349,377		349,215
Other non-current liabilities		137,275		139,228
Equity		166,038		331,917
Total liabilities and equity	$	985,425	$	1,034,255

	Three Months Ended				Nine Months Ended
	February 29,		February 28,		February 29,		February 28,
(In thousands)	2024		2023		2024		2023
Net sales	$	497,938	$	511,663	$	1,579,992	$	1,727,225
Gross profit		171,497		154,980		492,812		467,664
Operating income		126,377		115,286		376,782		349,925
Depreciation and amortization		6,936		5,662		21,737		18,559
Interest expense		4,943		4,476		15,220		10,920
Income tax expense		549		791		1,900		1,604
Net earnings		119,982		111,505		360,748		342,574