Investments in Unconsolidated Affiliates (Tables)

3 Months Ended

Aug. 31, 2018

Equity Method Investments And Joint Ventures [Abstract]

Financial Information

The following tables summarize combined financial information for our unconsolidated affiliates as of, and for the periods presented:  

	August 31,		May 31,
(in thousands)	2018		2018
Cash	$	43,004	$	52,812
Other current assets		717,270		590,578
Current assets for discontinued operations		37,474		37,640
Noncurrent assets		365,396		358,927
Total assets	$	1,163,144	$	1,039,957
Current liabilities		244,831		166,493
Current liabilities for discontinued operations		8,243		7,142
Short-term borrowings		36,215		26,599
Current maturities of long-term debt		43,131		23,243
Long-term debt		261,348		259,588
Other noncurrent liabilities		17,541		17,536
Equity		551,835		539,356
Total liabilities and equity	$	1,163,144	$	1,039,957

	Three Months Ended August 31,
(in thousands)	2018		2017
Net sales	$	498,545	$	442,624
Gross margin		103,812		86,235
Operating income		72,376		57,163
Depreciation and amortization		6,477		7,193
Interest expense		2,925		2,492
Income tax expense		4,525		1,348
Net earnings from continuing operations		64,894		51,061
Net earnings from discontinued operations		1,684		1,413
Net earnings		66,578		52,474