Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Current assets:
Cash and cash equivalents	$ 92,363	$ 121,967
Receivables, less allowances of $1,150 and $632 at May 31, 2019 and May 31, 2018, respectively	501,944	572,689
Inventories:
Raw materials	268,607	237,471
Work in process	113,848	122,977
Finished products	101,825	93,579
Total inventories	484,280	454,027
Income taxes receivable	10,894	1,650
Assets held for sale	6,924	30,655
Prepaid expenses and other current assets	69,508	60,134
Total current assets	1,165,913	1,241,122
Investments in unconsolidated affiliates	214,930	216,010
Goodwill	334,607	345,183
Other intangible assets, net of accumulated amortization of $87,759 and $74,922 at May 31, 2019 and May 31, 2018, respectively	196,059	214,026
Other assets	20,623	20,476
Property, plant and equipment:
Land	23,996	24,229
Buildings and improvements	310,112	300,542
Machinery and equipment	1,049,068	1,030,720
Construction in progress	49,423	32,282
Total property, plant and equipment	1,432,599	1,387,773
Less: accumulated depreciation	853,935	802,803
Total property, plant and equipment, net	578,664	584,970
Total assets	2,510,796	2,621,787
Current liabilities:
Accounts payable	393,517	473,485
Accrued compensation, contributions to employee benefit plans and related taxes	78,155	96,487
Dividends payable	14,431	13,731
Other accrued items	59,810	57,125
Income taxes payable	1,164	4,593
Current maturities of long-term debt	150,943	1,474
Total current liabilities	698,020	646,895
Other liabilities	69,976	74,237
Distributions in excess of investment in unconsolidated affiliate	121,948	55,198
Long-term debt	598,356	748,894
Deferred income taxes, net	74,102	60,188
Total liabilities	1,562,402	1,585,412
Shareholders' equity - controlling interest:
Preferred shares, without par value; authorized - 1,000,000 shares; issued and outstanding - none
Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding, 2019 - 55,467,525 shares, 2018 - 58,876,921 shares
Additional paid-in capital	283,177	295,592
Accumulated other comprehensive loss, net of taxes of $7,100 and $2,908 at May 31, 2019 and May 31, 2018, respectively	(43,464)	(14,580)
Retained earnings	591,533	637,757
Total shareholders' equity - controlling interest	831,246	918,769
Noncontrolling interests	117,148	117,606
Total equity	948,394	1,036,375
Total liabilities and equity	$ 2,510,796	$ 2,621,787