Financial Information |
The following tables summarize combined financial information for our unconsolidated affiliates as of the dates, and for the periods presented:
|
August 31, |
|
|
May 31, |
|
(in thousands) |
2020 |
|
|
2020 |
|
Cash |
$ |
45,319 |
|
|
$ |
68,730 |
|
Other current assets |
|
541,267 |
|
|
|
528,631 |
|
Noncurrent assets |
|
396,757 |
|
|
|
399,731 |
|
Total assets |
$ |
983,343 |
|
|
$ |
997,092 |
|
|
|
|
|
|
|
|
|
Current liabilities |
$ |
185,271 |
|
|
$ |
174,709 |
|
Short-term borrowings |
|
- |
|
|
|
500 |
|
Current maturities of long-term debt |
|
19,097 |
|
|
|
37,542 |
|
Long-term debt |
|
327,246 |
|
|
|
346,690 |
|
Other noncurrent liabilities |
|
71,333 |
|
|
|
73,656 |
|
Equity |
|
380,396 |
|
|
|
363,995 |
|
Total liabilities and equity |
$ |
983,343 |
|
|
$ |
997,092 |
|
|
Three Months Ended August 31, |
|
(in thousands) |
2020 |
|
|
2019 |
|
Net sales |
$ |
405,320 |
|
|
$ |
470,205 |
|
Gross margin |
|
93,049 |
|
|
|
97,536 |
|
Operating income |
|
57,953 |
|
|
|
66,223 |
|
Depreciation and amortization |
|
7,730 |
|
|
|
7,089 |
|
Interest expense |
|
2,945 |
|
|
|
3,367 |
|
Income tax expense |
|
1,730 |
|
|
|
581 |
|
Net earnings from continuing operations |
|
56,573 |
|
|
|
61,141 |
|
Net earnings from discontinued operations |
|
- |
|
|
|
2,812 |
|
Net earnings |
|
56,573 |
|
|
|
63,953 |
|
|