Investments in Unconsolidated Affiliates (Tables)

3 Months Ended

Aug. 31, 2012

Balance Sheet

Financial Information

Combined financial information for our unconsolidated affiliates is summarized as follows:

(in thousands)	August 31, 2012		May 31, 2012
Current assets	$	632,088	$	626,975
Noncurrent assets		352,672		345,500
Total assets	$	984,760	$	972,475
Current liabilities	$	186,131	$	174,016
Current maturities of long-term debt		5,323		5,305
Long-term debt		275,970		289,308
Other noncurrent liabilities		20,832		21,934
Equity		496,504		481,912
Total liabilities and equity	$	984,760	$	972,475

Income Statement

Financial Information

(in thousands)	August 31, 2012		May 31, 2012
Current assets	$	632,088	$	626,975
Noncurrent assets		352,672		345,500
Total assets	$	984,760	$	972,475
Current liabilities	$	186,131	$	174,016
Current maturities of long-term debt		5,323		5,305
Long-term debt		275,970		289,308
Other noncurrent liabilities		20,832		21,934
Equity		496,504		481,912
Total liabilities and equity	$	984,760	$	972,475
	Three Months Ended August  31,
(in thousands)	2012		2011
Net sales	$	446,853	$	427,794
Gross margin		77,918		83,825
Operating income		51,711		57,147
Depreciation and amortization		8,990		4,834
Interest expense		2,261		876
Income tax expense		3,469		4,358
Net earnings		46,284		51,865