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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Aug. 31, 2012
May 31, 2012
Current assets:    
Cash and cash equivalents $ 30,481 $ 41,028
Receivables, less allowances of $3,593 and $3,329 at August 31, 2012 and May 31, 2012 359,660 400,869
Inventories:    
Raw materials 206,656 211,543
Work in process 93,681 115,510
Finished products 83,245 74,887
Total inventories 383,582 401,940
Income taxes receivable 1,394 892
Assets held for sale 11,768 7,202
Deferred income taxes 20,397 20,906
Prepaid expenses and other current assets 38,903 41,402
Total current assets 846,185 914,239
Investments in unconsolidated affiliates 244,087 240,882
Goodwill 156,754 156,681
Other intangible assets, net of accumulated amortization of $18,040 and $16,103 at August 31, 2012 and May 31, 2012 98,695 100,333
Other assets 18,900 22,585
Property, plant and equipment, net 440,885 443,077
Total assets 1,805,506 1,877,797
Current liabilities:    
Accounts payable 237,885 252,334
Short-term borrowings 51,234 274,923
Accrued compensation, contributions to employee benefit plans and related taxes 47,624 71,271
Dividends payable 9,371 8,478
Other accrued items 38,633 38,231
Income taxes payable 6,721 11,697
Current maturities of long-term debt 1,256 1,329
Total current liabilities 392,724 658,263
Other liabilities 69,371 72,371
Distributions in excess of investment in unconsolidated affiliate 64,801 69,165
Long-term debt 407,097 257,462
Deferred income taxes 79,131 73,099
Total liabilities 1,013,124 1,130,360
Shareholders' equity - controlling interest 741,105 697,174
Noncontrolling interest 51,277 50,263
Total equity 792,382 747,437
Total liabilities and equity $ 1,805,506 $ 1,877,797