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Contingencies and Accrued Losses (Tables)
12 Months Ended
May 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Accrued Loss Reserves

Accrued loss reserves consist of the following:

 

May 31,

 

2022

 

2021

 

(In thousands)

 

 

 

 

 

Accrued product liability and other loss reserves

 

$

16,003

 

$

18,296

 

Accrued warranty reserves

 

 

7,450

 

 

9,429

 

Accrued environmental reserves

 

 

1,055

 

 

1,329

 

Total Accrued Loss Reserves - Current

 

$

24,508

 

$

29,054

 

Accrued product liability and other loss reserves - noncurrent

 

$

26,226

 

$

26,614

 

Accrued warranty liability - noncurrent

 

 

3,455

 

 

3,746

 

Accrued environmental reserves - noncurrent

 

 

6,254

 

 

6,267

 

Total Accrued Loss Reserves - Noncurrent

 

$

35,935

 

$

36,627

 

Changes in Accrued Warranty Balances

The following table includes the changes in our accrued warranty balances:

 

Year Ended May 31,

 

2022

 

2021

 

2020

 

(In thousands)

 

 

 

 

 

 

 

Beginning Balance

 

$

13,175

 

$

11,106

 

$

10,414

 

Deductions (1)

 

 

(26,332

)

 

(25,817

)

 

(20,762

)

Provision charged to expense

 

 

24,062

 

 

27,886

 

 

21,454

 

Ending Balance

 

$

10,905

 

$

13,175

 

$

11,106

 

 

(1)
Primarily claims paid during the year.