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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2017
May 31, 2016
Current assets:    
Cash and cash equivalents $ 227,281 $ 84,188
Receivables, less allowances of $3,134 and $4,579 at February 28, 2017 and May 31, 2016, respectively 466,689 439,688
Inventories:    
Raw materials 164,295 162,427
Work in process 98,683 86,892
Finished products 77,226 70,016
Total inventories 340,204 319,335
Income taxes receivable 15,554 10,535
Assets held for sale 13,617 10,079
Prepaid expenses and other current assets 53,596 51,290
Total current assets 1,116,941 915,115
Investments in unconsolidated affiliates 205,008 191,826
Goodwill 244,941 246,067
Other intangible assets, net of accumulated amortization of $59,577 and $49,532 at February 28, 2017 and May 31, 2016, respectively 85,289 96,164
Other assets 24,976 29,254
Property, plant and equipment:    
Land 16,543 18,537
Buildings and improvements 257,190 256,973
Machinery and equipment 1,001,232 945,951
Construction in progress 26,403 48,156
Total property, plant and equipment 1,301,368 1,269,617
Less: accumulated depreciation 731,348 686,779
Total property, plant and equipment, net 570,020 582,838
Total assets 2,247,175 2,061,264
Current liabilities:    
Accounts payable 351,998 290,432
Short-term borrowings 167 2,651
Accrued compensation, contributions to employee benefit plans and related taxes 75,618 75,105
Dividends payable 13,557 13,471
Other accrued items 45,054 45,056
Income taxes payable 2,508 2,501
Current maturities of long-term debt 878 862
Total current liabilities 489,780 430,078
Other liabilities 64,441 63,487
Distributions in excess of investment in unconsolidated affiliate 67,722 52,983
Long-term debt 576,002 577,491
Deferred income taxes, net 27,183 17,379
Total liabilities 1,225,128 1,141,418
Shareholders' equity-controlling interest 898,468 793,371
Noncontrolling interests 123,579 126,475
Total equity 1,022,047 919,846
Total liabilities and equity $ 2,247,175 $ 2,061,264