XML 10 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Balance Sheets - USD ($)
Feb. 28, 2026
May 31, 2025
Current assets:    
Cash and cash equivalents $ 90,000,000 $ 38,000,000
Restricted cash 0 54,900,000
Receivables, less allowances of $1.2 and $3.8, respectively 461,600,000 438,700,000
Inventories:    
Raw materials 179,600,000 179,400,000
Work in process 149,400,000 165,600,000
Finished products 106,600,000 77,000,000
Total inventories 435,600,000 422,000,000
Income taxes receivable 2,700,000 100,000
Assets held for sale 600,000 11,500,000
Prepaid expenses and other current assets 116,000,000 83,300,000
Total current assets 1,106,500,000 1,048,500,000
Investment in unconsolidated affiliate 119,800,000 126,600,000
Operating lease right-of-use assets 89,100,000 72,600,000
Finance lease right-of-use assets, net of accumulated amortization of $2.1 and $-, respectively 9,400,000 0
Goodwill 103,300,000 79,600,000
Other intangible assets, net of accumulated amortization of $56.5 and $50.3, respectively 87,000,000 67,900,000
Deferred income taxes 12,700,000 11,400,000
Equity securities 101,300,000 0
Other assets 8,500,000 7,000,000
Property, plant and equipment:    
Land 42,300,000 38,600,000
Buildings and improvements 221,500,000 190,400,000
Machinery and equipment 1,038,800,000 942,600,000
Construction in progress 182,900,000 132,700,000
Total property, plant and equipment 1,485,500,000 1,304,300,000
Less: accumulated depreciation 807,600,000 756,100,000
Total property, plant and equipment, net 677,900,000 548,200,000
Total assets 2,315,500,000 1,961,800,000
Current liabilities:    
Accounts payable 401,900,000 402,500,000
Short-term borrowings 192,700,000 149,200,000
Accrued compensation, contributions to employee benefit plans and related taxes 55,300,000 43,000,000
Dividends payable 9,100,000 9,300,000
Other accrued items 43,800,000 15,300,000
Current operating lease liabilities 11,300,000 7,700,000
Current finance lease liabilities 2,400,000 0
Income taxes payable 2,000,000 4,500,000
Current maturities of long-term debt 27,100,000 0
Total current liabilities 745,600,000 631,500,000
Other liabilities 57,300,000 32,800,000
Long-term debt 31,600,000 2,300,000
Noncurrent operating lease liabilities 82,400,000 68,700,000
Noncurrent finance lease liabilities 5,100,000 0
Deferred income taxes 36,100,000 28,600,000
Total liabilities 958,100,000 763,900,000
Mezzanine equity:    
Redeemable noncontrolling interest ("Redeemable NCI") 96,800,000 0
Total mezzanine equity 96,800,000 0
Shareholders' equity - controlling interest:    
Preferred shares, without par value; authorized - 1,000,000 shares; no shares issued or outstanding
Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding 49,910,958 shares and 49,548,895 shares, respectively 0 0
Additional Paid-in Capital ("APIC") 916,700,000 913,900,000
Retained Earnings 205,700,000 164,200,000
Accumulated other comprehensive income (loss), net of taxes of $(2.2) and $(2.0), respectively 2,100,000 (4,000,000)
Total Shareholders' equity - controlling interest 1,124,500,000 1,074,100,000
Noncontrolling interests ("NCI") 136,100,000 123,800,000
Total equity 1,260,600,000 1,197,900,000
Total liabilities, mezzanine equity, and equity $ 2,315,500,000 $ 1,961,800,000