Investments in Unconsolidated Affiliates (Tables)

3 Months Ended

Aug. 31, 2021

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:  

	August 31,		May 31,
(in thousands)	2021		2021
Cash	$	19,289	$	11,651
Other current assets		977,260		733,834
Noncurrent assets		381,177		382,585
Total assets	$	1,377,726	$	1,128,070
Current liabilities	$	333,144	$	232,626
Short-term borrowings		7,007		1,155
Current maturities of long-term debt		68,485		30,209
Long-term debt		304,512		311,871
Other noncurrent liabilities		104,933		92,209
Equity		559,645		460,000
Total liabilities and equity	$	1,377,726	$	1,128,070

	Three Months Ended August 31,
(in thousands)	2021		2020
Net sales	$	744,995	$	405,320
Gross margin		189,674		93,049
Operating income		145,988		57,953
Depreciation and amortization		3,215		7,730
Interest expense		2,461		2,945
Income tax expense		7,896		1,730
Net earnings		138,888		56,573