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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2024
May 31, 2023
Current assets:    
Cash and cash equivalents $ 244,225 $ 422,268
Receivables, less allowances of $343 and $803 at May 31, 2024 and May 31, 2023, respectively 199,798 224,863
Inventories:    
Raw materials 66,040 91,988
Work in process 11,668 19,189
Finished products 86,907 83,322
Total inventories 164,615 194,499
Income taxes receivable 17,319 1,681
Prepaid expenses and other current assets 47,936 46,301
Current assets of discontinued operations   978,725
Total current assets 673,893 1,868,337
Investments in unconsolidated affiliates 144,863 138,041
Operating lease assets 18,667 24,686
Goodwill 331,595 336,178
Other intangible assets, net of accumulated amortization of $83,242 and $73,308 at May 31, 2024 and May 31, 2023, respectively 221,071 230,851
Other assets 21,342 14,339
Property, plant and equipment:    
Land 8,657 12,120
Buildings and improvements 123,478 139,514
Machinery and equipment 321,836 403,885
Construction in progress 24,504 24,779
Total property, plant and equipment 478,475 580,298
Less: accumulated depreciation 251,269 323,883
Total property, plant and equipment, net 227,206 256,415
Non-current assets of discontinued operations   782,071
Total assets 1,638,637 3,650,918
Current liabilities:    
Accounts payable 91,605 126,743
Accrued compensation, contributions to employee benefit plans and related taxes 41,974 46,782
Dividends payable 9,038 18,330
Other accrued items 29,061 37,801
Current operating lease liabilities 6,228 6,682
Income taxes payable 470 8,918
Current maturities of long-term debt   264
Current liabilities of discontinued operations   472,038
Total current liabilities 178,376 717,558
Other liabilities 62,243 71,766
Distributions in excess of investment in unconsolidated affiliate 111,905 117,297
Long-term debt 298,133 689,718
Noncurrent operating lease liabilities 12,818 18,326
Deferred income taxes, net 84,150 82,346
Non-current liabilities of discontinued operations   132,279
Total liabilities 747,625 1,829,290
Shareholders' equity - controlling interest:    
Preferred shares, without par value; authorized - 1,000,000 shares; issued and outstanding - none
Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding, 2024 - 49,512,937 shares, 2023 - 48,659,323 shares
Additional paid-in capital 299,033 290,799
Accumulated other comprehensive income (loss), net of taxes of $(911) and $(5) May 31, 2024 and May 31, 2023, respectively 454 (23,179)
Retained earnings 589,392 1,428,391
Total shareholders' equity - controlling interest 888,879 1,696,011
Noncontrolling interests 2,133 125,617
Total equity 891,012 1,821,628
Total liabilities and equity $ 1,638,637 $ 3,650,918