Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 29, 2016	May. 31, 2015
Current assets:
Cash and cash equivalents	$ 25,432	$ 31,067
Receivables, less allowances of $3,313 and $3,085 at February 29, 2016 and May 31, 2015, respectively	399,138	474,292
Inventories:
Raw materials	159,183	181,975
Work in process	82,334	107,069
Finished products	79,710	85,931
Total inventories	321,227	374,975
Income taxes receivable	11,934	12,119
Assets held for sale	11,441	23,412
Deferred income taxes	22,709	22,034
Prepaid expenses and other current assets	55,777	54,294
Total current assets	847,658	992,193
Investments in unconsolidated affiliates	208,898	196,776
Goodwill	244,144	238,999
Other intangible assets, net of accumulated amortization of $46,219 and $47,547 at February 29, 2016 and May 31, 2015, respectively	94,605	119,117
Other assets	25,603	24,867
Property, plant & equipment:
Land	16,067	16,017
Buildings and improvements	239,342	218,182
Machinery and equipment	928,648	872,986
Construction in progress	35,235	40,753
Total property, plant & equipment	1,219,292	1,147,938
Less: accumulated depreciation	680,272	634,748
Property, plant and equipment, net	539,020	513,190
Total assets	1,959,928	2,085,142
Current liabilities:
Accounts payable	262,405	294,129
Short-term borrowings	30,766	90,550
Accrued compensation, contributions to employee benefit plans and related taxes	65,475	66,252
Dividends payable	13,243	12,862
Other accrued items	52,985	56,913
Income taxes payable	1,917	2,845
Current maturities of long-term debt	857	841
Total current liabilities	427,648	524,392
Other liabilities	62,006	58,269
Distributions in excess of investment in unconsolidated affiliate	58,430	61,585
Long-term debt	579,515	579,352
Deferred income taxes	18,515	21,495
Total liabilities	1,146,114	1,245,093
Shareholders' equity - controlling interest	719,776	749,112
Noncontrolling interests	94,038	90,937
Total equity	813,814	840,049
Total liabilities and equity	$ 1,959,928	$ 2,085,142