Revenue (Tables)

6 Months Ended

Nov. 30, 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)	November 30, 2022			May 31, 2022			$ Change			% Change
Trade accounts receivable, less allowances	$	1,340,127		$	1,432,632		$	(92,505	)		-6.5	%
Contract assets	$	82,000		$	57,234		$	24,766			43.3	%
Contract liabilities - short-term		(51,921	)		(44,938	)		(6,983	)		15.5	%
Net Contract Assets	$	30,079		$	12,296		$	17,783

The $17.8 million increase in our net contract assets from May 31, 2022 to November 30, 2022, resulted primarily due to the timing of construction jobs in progress at November 30, 2022 versus May 31, 2022.

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the three and six months ended November 30, 2022 and 2021:

	Three Months Ended						Six Months Ended
	November 30,			November 30,			November 30,			November 30,
(In thousands)	2022			2021			2022			2021
Beginning Balance	$	46,775		$	52,181		$	46,669		$	55,922
Bad debt provision		5,116			869			7,523			2,074
Uncollectible accounts written off, net of recoveries		(4,238	)		(812	)		(4,905	)		(4,899	)
Translation adjustments		388			(1,306	)		(1,246	)		(2,165	)
Ending Balance	$	48,041		$	50,932		$	48,041		$	50,932