CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Feb. 29, 2016	May. 31, 2015
Assets
Cash	$ 18,234	$ 4,064
Accounts receivable, net of allowance for doubtful accounts of $439 and $604	22,471	33,863
Rental and lease equipment, net of accumulated depreciation of $234,297 and $241,116	207,669	231,671
Other property, net of accumulated depreciation and amortization of $17,475 and $16,749	12,483	13,120
Goodwill	3,109	3,109
Intangibles, net of accumulated amortization of $1,849 and $1,761	656	744
Other assets	22,547	13,743
Total assets	287,169	300,314
Liabilities:
Bank borrowings	0	2,387
Accounts payable	4,821	8,234
Accrued expenses	13,204	18,487
Deferred revenue	5,395	5,576
Deferred tax liability	38,650	37,652
Total liabilities	$ 62,070	$ 72,336
Commitments and contingencies (Note 11)
Shareholders’ equity:
Preferred stock, $1 par - shares authorized 1,000,000, none issued	$ 0	$ 0
Common stock, no par - shares authorized 40,000,000; issued and outstanding February 29, 2016 - 24,195,408; May 31, 2015 - 24,108,176	41,118	40,440
Retained earnings	183,981	187,538
Total shareholders’ equity	225,099	227,978
Total liabilities and shareholders' equity	$ 287,169	$ 300,314