Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2017	May 31, 2017
Current assets:
Cash and cash equivalents	$ 195,855	$ 278,081
Receivables, less allowances of $3,789 and $3,444 at August 31, 2017 and May 31, 2017, respectively	465,113	486,730
Inventories:
Raw materials	232,571	185,001
Work in process	102,875	95,630
Finished products	90,433	73,303
Total inventories	425,879	353,934
Income taxes receivable	2,105	7,164
Assets held for sale	9,358	9,654
Prepaid expenses and other current assets	62,855	55,406
Total current assets	1,161,165	1,190,969
Investments in unconsolidated affiliates	212,670	208,591
Goodwill	355,455	247,673
Other intangible assets, net of accumulated amortization of $68,245 and $63,134 at August 31, 2017 and May 31, 2017, respectively	247,757	82,781
Other assets	27,917	24,841
Property, plant and equipment:
Land	27,374	22,077
Buildings and improvements	304,705	297,951
Machinery and equipment	1,024,498	961,542
Construction in progress	30,174	27,616
Total property, plant and equipment	1,386,751	1,309,186
Less: accumulated depreciation	761,161	738,697
Total property, plant and equipment, net	625,590	570,489
Total assets	2,630,554	2,325,344
Current liabilities:
Accounts payable	384,486	368,071
Short-term borrowings	421	123
Accrued compensation, contributions to employee benefit plans and related taxes	73,040	86,201
Dividends payable	14,148	13,698
Other accrued items	55,332	41,551
Income taxes payable	7,485	4,448
Current maturities of long-term debt	7,072	6,691
Total current liabilities	541,984	520,783
Other liabilities	66,093	61,498
Distributions in excess of investment in unconsolidated affiliate	58,371	63,038
Long-term debt	773,090	571,796
Deferred income taxes, net	108,289	34,300
Total liabilities	1,547,827	1,251,415
Shareholders' equity-controlling interest	958,174	951,635
Noncontrolling interests	124,553	122,294
Total equity	1,082,727	1,073,929
Total liabilities and equity	$ 2,630,554	$ 2,325,344