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Revenue (Tables)
3 Months Ended
Aug. 31, 2020
Revenue From Contract With Customer [Abstract]  
Trade Accounts Receivable Net of Allowances and Net Contract Assets (Liabilities)

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

 

(In thousands, except percents)

 

August 31, 2020

 

 

May 31, 2020

 

 

$ Change

 

 

% Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade accounts receivable, less allowances

 

$

1,159,130

 

 

$

1,137,957

 

 

$

21,173

 

 

 

1.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

36,292

 

 

$

25,249

 

 

$

11,043

 

 

 

43.7

%

Contract liabilities - short-term

 

 

(25,605

)

 

 

(25,288

)

 

 

(317

)

 

 

1.3

%

Net Contract Assets (Liabilities)

 

$

10,687

 

 

$

(39

)

 

$

10,726

 

 

 

 

 

Summarizes the Activity for the Allowance for Credit Losses

The following table summarizes the activity for the allowance for credit losses for the three months ended August 31, 2020:

 

(In thousands)

 

 

 

 

Balance at June 1, 2020

 

$

55,847

 

Bad debt expense

 

 

1,274

 

Uncollectible accounts written off, net of recoveries

 

 

(2,854

)

Translation adjustments

 

 

1,660

 

Balance at August 31, 2020

 

$

55,927