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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
May 31, 2012
May 31, 2011
Current assets:    
Cash and cash equivalents $ 41,028 $ 56,167
Receivables, less allowances of $3,329 and $4,150 at May 31, 2012 and 2011, respectively 400,869 388,550
Inventories:    
Raw materials 211,543 189,450
Work in process 115,510 98,940
Finished products 74,887 82,440
Total inventories 401,940 370,830
Income taxes receivable 892 1,356
Assets held for sale 7,202 9,681
Deferred income taxes 20,906 28,297
Prepaid expenses and other current assets 41,402 36,754
Total current assets 914,239 891,635
Investments in unconsolidated affiliates 240,882 232,149
Goodwill 156,681 93,633
Other intangible assets, net of accumulated amortization of $16,103 and $12,688 at May 31, 2012 and 2011, respectively 100,333 19,958
Other assets 22,585 24,540
Property, plant and equipment:    
Land 24,279 26,960
Buildings and improvements 187,514 182,030
Machinery and equipment 785,335 751,865
Construction in progress 12,775 7,878
Total property, plant and equipment 1,009,903 968,733
Less accumulated depreciation 566,826 563,399
Total property, plant and equipment, net 443,077 405,334
Total assets 1,877,797 1,667,249
Current liabilities:    
Accounts payable 252,334 253,404
Short-term borrowings 274,923 132,956
Accrued compensation, contributions to employee benefit plans and related taxes 71,271 72,312
Dividends payable 8,478 7,175
Other accrued items 38,231 52,023
Income taxes payable 11,697 7,132
Current maturities of long-term debt 1,329  
Total current liabilities 658,263 525,002
Other liabilities 72,371 56,594
Distributions in excess of investment in unconsolidated affiliate 69,165 10,715
Long-term debt 257,462 250,254
Deferred income taxes 73,099 83,981
Total liabilities 1,130,360 926,546
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, 2012 - 67,906,369 shares, 2011 - 71,683,876 shares      
Additional paid-in capital 192,338 181,525
Accumulated other comprehensive income (loss), net of taxes of $10,749 and $5,456 at May 31, 2012 and 2011, respectively (20,387) 3,975
Retained earnings 525,223 504,410
Total shareholders' equity - controlling interest 697,174 689,910
Noncontrolling interest 50,263 50,793
Total equity 747,437 740,703
Total liabilities and equity $ 1,877,797 $ 1,667,249