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Related Party Transactions
12 Months Ended
May 31, 2017
Related Party Transactions

Note S – Related Party Transactions

We purchase from, and sell to, affiliated companies certain raw materials and services at prevailing market prices. Net sales to affiliated companies for fiscal 2017, fiscal 2016 and fiscal 2015 totaled $56,588,000, $32,496,000, and $32,277,000, respectively. Purchases from affiliated companies for fiscal 2017, fiscal 2016 and fiscal 2015 totaled $7,145,000, $15,737,000, and $8,021,000, respectively. Accounts receivable from affiliated companies were $4,616,000 and $5,152,000 at May 31, 2017 and 2016, respectively. Accounts payable to affiliated companies were $76,000 and $107,000 at May 31, 2017 and 2016, respectively.