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Consolidated Balance Sheets (USD $)
In Thousands
May 31, 2011
May 31, 2010
ASSETS    
Cash and cash equivalents $ 56,167 $ 59,016
Receivables, less allowances of $4,150 and $5,752 at May 31, 2011 and 2010 388,550 301,455
Inventories:    
Raw materials 189,450 177,819
Work in process 98,940 106,261
Finished products 82,440 80,251
Total inventories 370,830 364,331
Income taxes receivable 1,356 1,443
Assets held for sale 9,681 2,637
Deferred income taxes 28,297 21,964
Prepaid expenses and other current assets 36,754 31,439
Total current assets 891,635 782,285
Investments in unconsolidated affiliates 232,149 113,001
Goodwill 93,633 79,543
Other intangible assets, net of accumulated amortization of $12,688 and $17,768 at May 31, 2011 and 2010 19,958 23,964
Other assets 24,540 15,391
Property, plant and equipment:    
Land 26,960 31,660
Buildings and improvements 182,030 242,990
Machinery and equipment 751,865 898,439
Construction in progress 7,878 13,725
Total property, plant and equipment 968,733 1,186,814
Less accumulated depreciation 563,399 680,651
Total property, plant and equipment, net 405,334 506,163
Total assets 1,667,249 1,520,347
LIABILITIES AND EQUITY    
Accounts payable 253,404 258,730
Short-term borrowings 132,956  
Accrued compensation, contributions to employee benefit plans and related taxes 72,312 62,413
Dividends payable 7,175 7,932
Other accrued items 52,023 41,635
Income taxes payable 7,132 9,092
Total current liabilities 525,002 379,802
Other liabilities 67,309 68,380
Long-term debt 250,254 250,238
Deferred income taxes 83,981 71,893
Total liabilities 926,546 770,313
Shareholders' equity - controlling interest:    
Preferred shares, without par value; authorized - 1,000,000 shares; issued and outstanding - none    
Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding, 2011 - 71,683,876 shares, 2010 - 79,217,421 shares    
Additional paid-in capital 181,525 189,918
Accumulated other comprehensive income (loss), net of taxes of $5,456 and $5,653 at May 31, 2011 and 2010 3,975 (10,631)
Retained earnings 504,410 532,126
Total shareholders' equity - controlling interest 689,910 711,413
Noncontrolling interest 50,793 38,621
Total equity 740,703 750,034
Total liabilities and equity $ 1,667,249 $ 1,520,347