Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2024	May 31, 2024
Current assets:
Cash and cash equivalents	$ 178,547	$ 244,225
Receivables, less allowances of $508 and $343, respectively	168,497	199,798
Inventories:
Raw materials	77,577	66,040
Work in process	10,053	11,668
Finished products	99,669	86,907
Total inventories	187,299	164,615
Income taxes receivable	4,711	17,319
Prepaid expenses and other current assets	37,383	47,936
Total current assets	576,437	673,893
Investments in unconsolidated affiliates	140,467	144,863
Operating lease assets	27,109	18,667
Goodwill	373,375	331,595
Other intangible assets, net of accumulated amortization of $87,024 and $83,242, respectively	250,376	221,071
Other assets	21,611	21,342
Property, plant and equipment:
Land	8,676	8,657
Buildings and improvements	129,254	123,478
Machinery and equipment	344,250	321,836
Construction in progress	33,841	24,504
Total property, plant and equipment	516,021	478,475
Less: accumulated depreciation	260,125	251,269
Total property, plant and equipment, net	255,896	227,206
Total assets	1,645,271	1,638,637
Current liabilities:
Accounts payable	82,768	91,605
Accrued compensation, contributions to employee benefit plans and related taxes	30,536	41,974
Dividends payable	9,443	9,038
Other accrued items	34,486	29,061
Current operating lease liabilities	7,353	6,228
Income taxes payable	1,652	470
Total current liabilities	166,238	178,376
Other liabilities	57,918	62,243
Distributions in excess of investment in unconsolidated affiliate	110,522	111,905
Long-term debt	300,009	298,133
Noncurrent operating lease liabilities	20,166	12,818
Deferred income taxes, net	87,177	84,150
Total liabilities	742,030	747,625
Shareholders' equity - controlling interest	901,353	888,879
Noncontrolling interests	1,888	2,133
Total equity	903,241	891,012
Total liabilities and equity	$ 1,645,271	$ 1,638,637