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Investments in Unconsolidated Affiliates (Tables)
3 Months Ended
Aug. 31, 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:

 

 

August 31,

 

 

May 31,

 

 

2024

 

 

2024

 

Cash and cash equivalents

$

43,939

 

 

$

36,163

 

Other current assets

 

566,270

 

 

 

605,043

 

Noncurrent assets

 

368,543

 

 

 

360,261

 

Total assets

$

978,752

 

 

$

1,001,467

 

 

 

 

 

 

 

Current liabilities

 

216,817

 

 

 

264,963

 

Current maturities of long-term debt

 

6,583

 

 

 

13,450

 

Long-term debt

 

356,485

 

 

 

349,431

 

Other noncurrent liabilities

 

146,754

 

 

 

146,984

 

Equity

 

252,113

 

 

 

226,639

 

Total liabilities and equity

$

978,752

 

 

$

1,001,467

 

 

 

Three Months Ended

 

 

August 31,

 

 

2024

 

 

2023

 

Net sales

$

515,673

 

 

$

568,584

 

Gross profit

 

134,335

 

 

 

173,017

 

Operating income

 

94,346

 

 

 

131,447

 

Depreciation and amortization

 

8,006

 

 

 

7,576

 

Interest expense

 

4,758

 

 

 

5,739

 

Income tax expense

 

645

 

 

 

909

 

Net earnings

 

90,682

 

 

 

125,653