Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Assets
Cash	$ 30,065	$ 4,064
Accounts receivable, net of allowance for doubtful accounts of $464 and $604	22,266	33,863
Rental and lease equipment, net of accumulated depreciation of $235,387 and $241,116	199,525	231,671
Other property, net of accumulated depreciation and amortization of $17,653 and $16,749	12,389	13,120
Goodwill	3,109	3,109
Intangibles, net of amortization of $1,879 and $1,761	626	744
Other assets	16,597	13,743
Total assets	284,577	300,314
Liabilities:
Bank borrowings	0	2,387
Accounts payable	5,195	8,234
Accrued expenses	16,954	18,487
Deferred revenue	5,153	5,576
Deferred tax liability	35,776	37,652
Total liabilities	63,078	72,336
Commitments and contingencies (Note 10)
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 2016—24,196,634; 2015—24,108,176	41,483	40,440
Retained earnings	180,016	187,538
Total shareholders’ equity	221,499	227,978
Total liabilities and shareholders' equity	$ 284,577	$ 300,314