Investments in Unconsolidated Affiliates (Tables)

3 Months Ended

Aug. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Financial Information

The following tables summarize combined financial information for our unconsolidated affiliates as of the dates, and for the periods presented:

	August 31,		May 31,
(In thousands)	2023		2023
Cash and cash equivalents	$	45,766	$	49,185
Other current assets		862,913		899,913
Noncurrent assets		390,681		394,468
Total assets	$	1,299,360	$	1,343,566
Current liabilities		309,692		247,796
Current maturities of long-term debt		32,151		36,936
Long-term debt		348,269		349,215
Other noncurrent liabilities		141,328		144,649
Equity		467,920		564,970
Total liabilities and equity	$	1,299,360	$	1,343,566

	Three Months Ended
	August 31,
(In thousands)	2023		2022
Net sales	$	720,433	$	823,942
Gross margin		194,308		181,405
Operating income		149,409		137,827
Depreciation and amortization		8,643		8,188
Interest expense		5,739		2,680
Income tax expense		1,646		2,110
Net earnings		143,566		133,238