Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2017	May 31, 2016
Current assets:
Cash and cash equivalents	$ 278,081	$ 84,188
Receivables, less allowances of $3,444 and $4,579 at May 31, 2017 and May 31, 2016, respectively	486,730	439,688
Inventories:
Raw materials	185,001	162,427
Work in process	95,630	86,892
Finished products	73,303	70,016
Total inventories	353,934	319,335
Income taxes receivable	7,164	10,535
Assets held for sale	9,654	10,079
Prepaid expenses and other current assets	55,406	51,290
Total current assets	1,190,969	915,115
Investments in unconsolidated affiliates	208,591	191,826
Goodwill	247,673	246,067
Other intangible assets, net of accumulated amortization of $63,134 and $49,532 at May 31, 2017 and May 31, 2016, respectively	82,781	96,164
Other assets	24,841	29,254
Property, plant and equipment:
Land	22,077	18,537
Buildings and improvements	297,951	256,973
Machinery and equipment	961,542	945,951
Construction in progress	27,616	48,156
Total property, plant and equipment	1,309,186	1,269,617
Less: accumulated depreciation	738,697	686,779
Total property, plant and equipment, net	570,489	582,838
Total assets	2,325,344	2,061,264
Current liabilities:
Accounts payable	368,071	290,432
Short-term borrowings	123	2,651
Accrued compensation, contributions to employee benefit plans and related taxes	86,201	75,105
Dividends payable	13,698	13,471
Other accrued items	41,551	45,056
Income taxes payable	4,448	2,501
Current maturities of long-term debt	6,691	862
Total current liabilities	520,783	430,078
Other liabilities	61,498	63,487
Distributions in excess of investment in unconsolidated affiliate	63,038	52,983
Long-term debt	571,796	577,491
Deferred income taxes, net	34,300	17,379
Total liabilities	1,251,415	1,141,418
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, 2017 - 62,802,456 shares, 2016 - 61,533,668 shares	0	0
Additional paid-in capital	303,391	298,984
Accumulated other comprehensive loss, net of taxes of $5,310 and $4,768 at May 31, 2017 and May 31, 2016, respectively	(27,775)	(28,565)
Retained earnings	676,019	522,952
Total shareholders' equity - controlling interest	951,635	793,371
Noncontrolling interests	122,294	126,475
Total equity	1,073,929	919,846
Total liabilities and equity	$ 2,325,344	$ 2,061,264