Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2016	May 31, 2016
Current assets:
Cash and cash equivalents	$ 181,525	$ 84,188
Receivables, less allowances of $3,866 and $4,579 at August 31, 2016 and May 31, 2016, respectively	416,529	439,688
Inventories:
Raw materials	192,117	162,427
Work in process	104,418	86,892
Finished products	73,198	70,016
Total inventories	369,733	319,335
Income taxes receivable	2,498	10,535
Assets held for sale	10,052	10,079
Prepaid expenses and other current assets	52,129	51,290
Total current assets	1,032,466	915,115
Investments in unconsolidated affiliates	200,048	191,826
Goodwill	246,204	246,067
Other intangible assets, net of accumulated amortization of $52,998 and $49,532 at August 31, 2016 and May 31, 2016, respectively	92,689	96,164
Other assets	29,775	29,254
Property, plant and equipment:
Land	18,537	18,537
Buildings and improvements	259,682	256,973
Machinery and equipment	974,219	945,951
Construction in progress	30,789	48,156
Total property, plant and equipment	1,283,227	1,269,617
Less: accumulated depreciation	702,456	686,779
Total property, plant and equipment, net	580,771	582,838
Total assets	2,181,953	2,061,264
Current liabilities:
Accounts payable	325,299	290,432
Short-term borrowings	1,534	2,651
Accrued compensation, contributions to employee benefit plans and related taxes	69,204	75,105
Dividends payable	14,212	13,471
Other accrued items	49,453	45,056
Income taxes payable	15,639	2,501
Current maturities of long-term debt	867	862
Total current liabilities	476,208	430,078
Other liabilities	63,229	63,487
Distributions in excess of investment in unconsolidated affiliate	66,192	52,983
Long-term debt	577,408	577,491
Deferred income taxes, net	17,836	17,379
Total liabilities	1,200,873	1,141,418
Shareholders' equity - controlling interest	855,962	793,371
Noncontrolling interests	125,118	126,475
Total equity	981,080	919,846
Total liabilities and equity	$ 2,181,953	$ 2,061,264