Investments in Unconsolidated Affiliates (Tables)

6 Months Ended

Nov. 30, 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:  

	November 30,		May 31,
(in thousands)	2019		2019
Cash	$	31,641	$	37,471
Other current assets		633,772		594,959
Current assets for discontinued operations		-		35,793
Noncurrent assets		390,433		360,925
Total assets	$	1,055,846	$	1,029,148
Current liabilities	$	202,450	$	236,781
Current liabilities for discontinued operations		-		9,610
Short-term borrowings		1,965		15,162
Current maturities of long-term debt		2,582		33,003
Long-term debt		346,223		321,791
Other noncurrent liabilities		42,144		18,192
Equity		460,482		394,609
Total liabilities and equity	$	1,055,846	$	1,029,148

	Three Months Ended November 30,					Six Months Ended November 30,
(in thousands)	2019			2018		2019			2018
Net sales	$	458,859		$	480,716	$	946,134		$	979,261
Gross margin		97,329			75,515		198,944			179,327
Operating income		63,452			44,592		132,857			116,968
Depreciation and amortization		7,538			6,581		14,627			13,058
Interest expense		3,139			3,382		6,506			6,307
Income tax expense		1,576			3,568		2,578			8,093
Net earnings from continuing operations		104,431			36,523		165,572			101,417
Net earnings (loss) from discontinued operations		(3,990	)		2,028		(1,178	)		3,712
Net earnings		100,441			38,551		164,394			105,129