Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Current assets:
Cash and cash equivalents	$ 84,188	$ 31,067
Receivables, less allowances of $4,579 and $3,085 at May 31, 2016 and 2015, respectively	439,688	474,292
Inventories:
Raw materials	162,427	181,975
Work in process	86,892	107,069
Finished products	70,016	85,931
Total inventories	319,335	374,975
Income taxes receivable	10,535	12,119
Assets held for sale	10,079	23,412
Deferred income taxes		22,034
Prepaid expenses and other current assets	51,635	54,294
Total current assets	915,460	992,193
Investments in unconsolidated affiliates	191,826	196,776
Goodwill	246,067	238,999
Other intangible assets, net of accumulated amortization of $49,532 and $47,547 at May 31, 2016 and 2015, respectively	96,164	119,117
Other assets	31,400	24,867
Property, plant and equipment:
Land	18,537	16,017
Buildings and improvements	256,973	218,182
Machinery and equipment	945,951	872,986
Construction in progress	48,156	40,753
Total property, plant and equipment	1,269,617	1,147,938
Less: accumulated depreciation	686,779	634,748
Total property, plant and equipment, net	582,838	513,190
Total assets	2,063,755	2,085,142
Current liabilities:
Accounts payable	290,432	294,129
Short-term borrowings	2,651	90,550
Accrued compensation, contributions to employee benefit plans and related taxes	75,105	66,252
Dividends payable	13,471	12,862
Other accrued items	45,056	56,913
Income taxes payable	2,501	2,845
Current maturities of long-term debt	862	841
Total current liabilities	430,078	524,392
Other liabilities	63,487	58,269
Distributions in excess of investment in unconsolidated affiliate	52,983	61,585
Long-term debt	579,982	579,352
Deferred income taxes	17,379	21,495
Total liabilities	1,143,909	1,245,093
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, 2016 - 61,533,668 shares, 2015 - 64,141,478 shares	0	0
Additional paid-in capital	298,984	289,078
Accumulated other comprehensive loss, net of taxes of $4,768 and $16,909 at May 31, 2016 and 2015, respectively	(28,565)	(50,704)
Retained earnings	522,952	510,738
Total shareholders' equity - controlling interest	793,371	749,112
Noncontrolling interests	126,475	90,937
Total equity	919,846	840,049
Total liabilities and equity	$ 2,063,755	$ 2,085,142