Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2021	May 31, 2020
Current assets:
Cash and cash equivalents	$ 640,311	$ 147,198
Receivables, less allowances of $608 and $1,521 at May 31, 2021 and May 31, 2020, respectively	639,964	341,038
Inventories:
Raw materials	266,208	234,629
Work in process	183,413	76,497
Finished products	115,133	93,975
Total inventories	564,754	405,101
Income taxes receivable	1,958	8,376
Assets held for sale	51,956	12,928
Prepaid expenses and other current assets	69,049	68,538
Total current assets	1,967,992	983,179
Investments in unconsolidated affiliates	233,126	203,329
Operating lease assets	35,101	31,557
Goodwill	351,056	321,434
Other intangible assets, net of accumulated amortization of $80,513 and $92,774 at May 31, 2021 and May 31, 2020, respectively	240,387	184,416
Other assets	30,566	34,956
Property, plant and equipment:
Land	21,744	24,197
Buildings and improvements	271,196	302,796
Machinery and equipment	1,046,065	1,055,139
Construction in progress	53,903	52,231
Total property, plant and equipment	1,392,908	1,434,363
Less: accumulated depreciation	877,891	861,719
Total property, plant and equipment, net	515,017	572,644
Total assets	3,373,245	2,331,515
Current liabilities:
Accounts payable	567,392	247,017
Accrued compensation, contributions to employee benefit plans and related taxes	137,698	64,650
Dividends payable	16,536	14,648
Other accrued items	52,250	49,974
Current operating lease liabilities	9,947	10,851
Income taxes payable	3,620	949
Current maturities of long-term debt	458	149
Total current liabilities	787,901	388,238
Other liabilities	82,824	75,786
Distributions in excess of investment in unconsolidated affiliate	99,669	103,837
Long-term debt	710,031	699,516
Noncurrent operating lease liabilities	27,374	25,763
Deferred income taxes, net	113,751	71,942
Total liabilities	1,821,550	1,365,082
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, 2021 - 51,330,347 shares, 2020 - 54616485 shares
Additional paid-in capital	282,790	283,776
Accumulated other comprehensive income (loss), net of taxes of $(12,550) and $7,922 at May 31, 2021 and May 31, 2020, respectively	45,387	(35,217)
Retained earnings	1,070,016	572,262
Total shareholders' equity - controlling interest	1,398,193	820,821
Noncontrolling interests	153,502	145,612
Total equity	1,551,695	966,433
Total liabilities and equity	$ 3,373,245	$ 2,331,515