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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2024
May 31, 2023
Current assets:    
Cash and cash equivalents $ 227,310 $ 422,268
Receivables, less allowances of $750 and $803 at Febryary 29, 2024 and May 31, 2023, respectively 219,389 224,863
Inventories:    
Raw materials 74,929 91,988
Work in process 18,234 19,189
Finished products 98,553 83,322
Total inventories 191,716 194,499
Income taxes receivable 2,398 1,681
Prepaid expenses and other current assets 50,298 46,301
Current assets of discontinued operations   978,725
Total current assets 691,111 1,868,337
Investments in unconsolidated affiliates 120,707 138,041
Operating lease assets 21,285 24,686
Goodwill 345,445 336,178
Other intangible assets, net of accumulated amortization of $82,190 and $73,308 at February 29, 2024 and May 31, 2023, respectively 226,859 230,851
Other assets 30,900 14,339
Property, plant and equipment:    
Land 12,203 12,120
Buildings and improvements 142,522 139,514
Machinery and equipment 417,777 403,885
Construction in progress 39,260 24,779
Total property, plant and equipment 611,762 580,298
Less: accumulated depreciation 343,380 323,883
Total property, plant and equipment, net 268,382 256,415
Non-current assets of discontinued operations   782,071
Total assets 1,704,689 3,650,918
Current liabilities:    
Accounts payable 108,660 126,743
Accrued compensation, contributions to employee benefit plans and related taxes 47,657 46,782
Dividends payable 8,916 18,330
Other accrued items 29,697 37,801
Current operating lease liabilities 6,555 6,682
Income taxes payable 536 8,918
Current maturities of long-term debt 267 264
Current liabilities of discontinued operations   472,038
Total current liabilities 202,288 717,558
Other liabilities 76,300 71,766
Distributions in excess of investment in unconsolidated affiliate 116,775 117,297
Long-term debt 297,695 689,718
Non-current operating lease liabilities 15,103 18,326
Deferred income taxes, net 82,086 82,356
Non-current liabilities of discontinued operations   132,269
Total liabilities 790,247 1,829,290
Shareholders' equity - controlling interest 912,096 1,696,011
Noncontrolling interests 2,346 125,617
Total equity 914,442 1,821,628
Total liabilities and equity $ 1,704,689 $ 3,650,918