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Related Party Transactions
12 Months Ended
May 31, 2011
Related Party Transactions  
Related Party Transactions

Note R – Related Party Transactions

We purchase from, and sell to, affiliated companies certain raw materials and services at prevailing market prices. Net sales to affiliated companies for fiscal 2011, fiscal 2010 and fiscal 2009 totaled $14,627,000, $9,336,000, and $18,550,000, respectively. Purchases from affiliated companies for fiscal 2011, fiscal 2010 and fiscal 2009 totaled $5,916,000, $4,701,000 and $2,799,000, respectively. Accounts receivable from affiliated companies were $23,211,000 and $4,377,000 at May 31, 2011 and 2010, respectively. Accounts payable to affiliated companies were $16,690,000 and $3,048,000 at May 31, 2011 and 2010, respectively.