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Revenue (Tables)
12 Months Ended
May 31, 2021
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:

 

Year Ended May 31,

 

2021

 

 

2020

 

 

$ Change

 

 

% Change

 

(In thousands, except percents)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade accounts receivable, less allowance

 

$

1,280,806

 

 

$

1,137,957

 

 

$

142,849

 

 

 

12.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

33,217

 

 

$

25,249

 

 

$

7,968

 

 

 

31.6

%

Contract liabilities - short-term

 

 

(33,112

)

 

 

(25,288

)

 

 

(7,824

)

 

 

30.9

%

Net Contract Assets/(Liabilities)

 

$

105

 

 

$

(39

)

 

$

144

 

 

 

-369.2

%

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the fiscal year ended May 31, 2021:

(In thousands)

 

 

 

 

Balance at June 1, 2020

 

$

55,847

 

Bad debt provision

 

 

10,044

 

Uncollectible accounts written off, net of recoveries

 

 

(14,182

)

Translation adjustments

 

 

4,213

 

Balance at May 31, 2021

 

$

55,922