Investments in Unconsolidated Affiliates (Tables)

9 Months Ended

Feb. 28, 2019

Equity Method Investments And Joint Ventures [Abstract]

Financial Information

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

	February 28,		May 31,
(in thousands)	2019		2018
Cash	$	41,087	$	52,812
Other current assets		595,417		590,578
Current assets for discontinued operations		35,609		37,640
Noncurrent assets		363,992		358,927
Total assets	$	1,036,105	$	1,039,957
Current liabilities	$	234,230	$	166,493
Current liabilities for discontinued operations		8,744		7,142
Short-term borrowings		21,983		26,599
Current maturities of long-term debt		23,216		23,243
Long-term debt		322,306		259,588
Other noncurrent liabilities		18,734		17,536
Equity		406,892		539,356
Total liabilities and equity	$	1,036,105	$	1,039,957

	Three Months Ended February 28,					Nine Months Ended February 28,
(in thousands)	2019		2018			2019		2018
Net sales	$	454,579	$	403,426		$	1,433,840	$	1,258,667
Gross margin		77,706		72,828			257,033		230,185
Operating income		47,392		41,546			164,360		133,313
Depreciation and amortization		6,310		5,406			19,368		18,534
Interest expense		3,529		2,564			9,836		7,517
Income tax expense (benefit)		1,877		(1,095	)		9,970		2,069
Net earnings from continuing operations		40,196		36,058			141,613		118,995
Net earnings from discontinued operations		1,001		1,805			4,713		1,532
Net earnings		41,197		37,863			146,326		120,527