Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2015	May. 31, 2015
Current assets:
Cash and cash equivalents	$ 18,772	$ 31,067
Receivables, less allowances of $2,909 and $3,085 at August 31, 2015 and May 31, 2015, respectively	431,586	474,292
Inventories:
Raw materials	195,695	181,975
Work in process	104,775	107,069
Finished products	82,329	85,931
Total inventories	382,799	374,975
Income taxes receivable	2,868	12,119
Assets held for sale	23,450	23,412
Deferred income taxes	21,731	22,034
Prepaid expenses and other current assets	53,630	54,294
Total current assets	934,836	992,193
Investments in unconsolidated affiliates	201,383	196,776
Goodwill	239,632	238,999
Other intangible assets, net of accumulated amortization of $51,831 and $47,547 at August 31, 2015 and May 31, 2015, respectively	114,799	119,117
Other assets	24,500	24,867
Property, plant & equipment:
Land	15,842	16,017
Buildings and improvements	218,809	218,182
Machinery and equipment	889,290	872,986
Construction in progress	59,061	40,753
Total property, plant & equipment	1,183,002	1,147,938
Less: accumulated depreciation	652,242	634,748
Property, plant and equipment, net	530,760	513,190
Total assets	2,045,910	2,085,142
Current liabilities:
Accounts payable	317,552	294,129
Short-term borrowings	22,039	90,550
Accrued compensation, contributions to employee benefit plans and related taxes	63,823	66,252
Dividends payable	12,712	12,862
Other accrued items	67,250	56,913
Income taxes payable	11,217	2,845
Current maturities of long-term debt	846	841
Total current liabilities	495,439	524,392
Other liabilities	56,575	58,269
Distributions in excess of investment in unconsolidated affiliate	58,728	61,585
Long-term debt	580,901	579,352
Deferred income taxes	15,376	21,495
Total liabilities	1,207,019	1,245,093
Shareholders' equity - controlling interest	749,884	749,112
Noncontrolling interests	89,007	90,937
Total equity	838,891	840,049
Total liabilities and equity	$ 2,045,910	$ 2,085,142