Investments in Unconsolidated Affiliates (Tables)

6 Months Ended

Nov. 30, 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:  

	November 30,		May 31,
(in thousands)	2021		2021
Cash	$	34,797	$	11,651
Other current assets		1,140,126		733,834
Noncurrent assets		365,845		382,585
Total assets	$	1,540,768	$	1,128,070
Current liabilities	$	403,512	$	232,626
Short-term borrowings		2,879		1,155
Current maturities of long-term debt		58,753		30,209
Long-term debt		298,945		311,871
Other noncurrent liabilities		104,418		92,209
Equity		672,261		460,000
Total liabilities and equity	$	1,540,768	$	1,128,070

	Three Months Ended					Six Months Ended
	November 30,					November 30,
(in thousands)	2021			2020		2021			2020
Net sales	$	858,165		$	451,198	$	1,603,160		$	856,518
Gross margin		226,502			96,561		416,176			189,610
Operating income		184,779			64,890		330,767			122,843
Depreciation and amortization		7,848			8,672		16,075			16,402
Interest expense (income)		(2,711	)		2,832		(5,172	)		5,777
Income tax expense		8,565			2,322		16,461			4,052
Net earnings		173,915			60,943		312,803			117,516