Revenue (Tables)

9 Months Ended

Feb. 28, 2023

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)	February 28, 2023			May 31, 2022			$ Change			% Change
Trade accounts receivable, less allowances	$	1,203,212		$	1,432,632		$	(229,420	)		-16.0	%
Contract assets	$	66,100		$	57,234		$	8,866			15.5	%
Contract liabilities - short-term		(53,481	)		(44,938	)		(8,543	)		19.0	%
Net Contract Assets	$	12,619		$	12,296		$	323

The $0.3 million increase in our net contract assets from May 31, 2022 to February 28, 2023, resulted primarily due to the timing of construction jobs in progress at February 28, 2023 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 nine months ended February 28, 2023 and 2022:

	Three Months Ended						Nine Months Ended
	February 28,			February 28,			February 28,			February 28,
(In thousands)	2023			2022			2023			2022
Beginning Balance	$	48,041		$	50,932		$	46,669		$	55,922
Bad debt provision		1,950			571			9,473			2,645
Uncollectible accounts written off, net of recoveries		(2,667	)		(2,436	)		(7,573	)		(7,335	)
Translation adjustments		(2	)		727			(1,247	)		(1,438	)
Ending Balance	$	47,322		$	49,794		$	47,322		$	49,794