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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2018
May 31, 2017
Current assets:    
Cash and cash equivalents $ 147,424 $ 278,081
Receivables, less allowances of $3,262 and $3,444 at February 28, 2018 and May 31, 2017, respectively 507,968 486,730
Inventories:    
Raw materials 217,016 185,001
Work in process 123,693 95,630
Finished products 90,697 73,303
Total inventories 431,406 353,934
Income taxes receivable 9,711 7,164
Assets held for sale 3,740 9,654
Prepaid expenses and other current assets 58,393 55,406
Total current assets 1,158,642 1,190,969
Investments in unconsolidated affiliates 212,131 208,591
Goodwill 352,596 247,673
Other intangible assets, net of accumulated amortization of $76,602 and $63,134 at February 28, 2018 and May 31, 2017, respectively 236,197 82,781
Other assets 29,971 24,841
Property, plant and equipment:    
Land 27,551 22,077
Buildings and improvements 312,267 297,951
Machinery and equipment 1,056,111 961,542
Construction in progress 32,731 27,616
Total property, plant and equipment 1,428,660 1,309,186
Less: accumulated depreciation 803,461 738,697
Total property, plant and equipment, net 625,199 570,489
Total assets 2,614,736 2,325,344
Current liabilities:    
Accounts payable 403,990 368,071
Short-term borrowings 403 123
Accrued compensation, contributions to employee benefit plans and related taxes 70,669 86,201
Dividends payable 13,777 13,698
Other accrued items 60,864 41,551
Income taxes payable 801 4,448
Current maturities of long-term debt 13,735 6,691
Total current liabilities 564,239 520,783
Other liabilities 70,807 61,498
Distributions in excess of investment in unconsolidated affiliate 59,563 63,038
Long-term debt 768,128 571,796
Deferred income taxes, net 78,012 34,300
Total liabilities 1,540,749 1,251,415
Shareholders' equity-controlling interest 951,171 951,635
Noncontrolling interests 122,816 122,294
Total equity 1,073,987 1,073,929
Total liabilities and equity $ 2,614,736 $ 2,325,344