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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2024
May 31, 2023
Current Assets    
Cash and cash equivalents $ 170,611 $ 163,240
Marketable securities, amortized cost of $325 and $83,549 325 82,329
Accounts receivable, net 173,005 153,253
Inventory, net 189,267 133,812
Prepaid expenses and other current assets 56,025 53,297
Total Current Assets 589,233 585,931
Property and Equipment    
Land and improvements 10,497 10,209
Building and improvements 108,298 96,794
Machinery and equipment 176,369 152,547
Furniture and fixtures 8,260 7,080
Construction in progress 113,968 52,237
Property, Plant and Equipment, Gross 417,392 318,867
Less accumulated depreciation (140,288) (120,118)
Property and Equipment, net 277,104 198,749
Other Assets    
Right of use assets (note 4) 14,785 11,933
Goodwill (note 5) 2,135,632 2,137,496
Other non-amortizable intangible assets (note 5)   14,316
Amortizable intangible assets, net (note 5) 1,511,653 1,590,787
Other non-current assets 20,426 15,220
Total Other Assets 3,682,496 3,769,752
Total Assets 4,548,833 4,554,432
Current Liabilities    
Current portion of finance lease 2,447  
Accounts payable 83,061 76,669
Accrued compensation 19,949 25,153
Income tax payable (note 9) 10,449 6,951
Accrued interest 10,985 11,149
Deferred revenue 4,632 4,616
Other current liabilities 22,800 20,934
Total Current Liabilities 154,323 145,472
Deferred Income Tax Liability (note 9) 326,718 353,427
Non-Current Debt (note 7) 888,391 885,439
Other Non-Current Liabilities 35,259 35,877
Total Liabilities 1,404,691 1,420,215
Commitments and Contingencies (note 10)
Stockholders' Equity    
Preferred stock, $1.00 par value - shares authorized 100,000; none issued and outstanding 0 0
Common stock, $0.16 par value - shares authorized 315,000,000; 216,614,407 and 216,245,501 shares issued and outstanding at May 31, 2024 and 2023, respectively 34,658 34,599
Additional paid-in capital 2,583,885 2,567,828
Accumulated other comprehensive loss (30,021) (33,251)
Retained earnings 555,620 565,041
Total Stockholders' Equity 3,144,142 3,134,217
Total Liabilities and Stockholders' Equity $ 4,548,833 $ 4,554,432