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Investments in Unconsolidated Affiliates (Tables)
3 Months Ended
Aug. 31, 2020
Equity Method Investments And Joint Ventures [Abstract]  
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