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Revenue (Tables)
3 Months Ended
Aug. 31, 2022
Revenue from Contract with Customer [Abstract]  
Trade Accounts Receivable Net of Allowances and Net Contract Assets

Trade accounts receivable, net of allowances, and net contract assets consisted of the following:

 

(In thousands, except percentages)

 

August 31, 2022

 

 

May 31, 2022

 

 

$ Change

 

 

% Change

 

Trade accounts receivable, less allowances

 

$

1,407,866

 

 

$

1,432,632

 

 

$

(24,766

)

 

 

-1.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

80,155

 

 

$

57,234

 

 

$

22,921

 

 

 

40.0

%

Contract liabilities - short-term

 

 

(49,850

)

 

 

(44,938

)

 

 

(4,912

)

 

 

10.9

%

Net Contract Assets

 

$

30,305

 

 

$

12,296

 

 

$

18,009

 

 

 

146.5

%

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the three months ended August 31, 2022 and 2021:

 

 

Three Months Ended

 

 

August 31,

 

August 31,

 

(In thousands)

2022

 

2021

 

Beginning Balance

$

46,669

 

$

55,922

 

Bad debt provision

 

2,407

 

 

1,205

 

Uncollectible accounts written off, net of recoveries

 

(667

)

 

(4,087

)

Translation adjustments

 

(1,634

)

 

(859

)

Ending Balance

$

46,775

 

$

52,181