Investments in Unconsolidated Affiliates (Tables)

9 Months Ended

Feb. 28, 2022

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:  

	February 28,		May 31,
(in thousands)	2022		2021
Cash	$	12,434	$	11,651
Other current assets		1,108,325		733,834
Noncurrent assets		380,016		382,585
Total assets	$	1,500,775	$	1,128,070
Current liabilities	$	330,237	$	232,626
Short-term borrowings		19,101		1,155
Current maturities of long-term debt		28,690		30,209
Long-term debt		303,647		311,871
Other noncurrent liabilities		98,838		92,209
Equity		720,262		460,000
Total liabilities and equity	$	1,500,775	$	1,128,070

	Three Months Ended				Nine Months Ended
	February 28,				February 28,
(in thousands)	2022		2021		2022		2021
Net sales	$	789,483	$	470,988	$	2,392,643	$	1,327,506
Gross margin		187,602		103,035		603,778		292,645
Operating income		144,575		79,090		475,341		201,933
Depreciation and amortization		7,831		11,228		23,907		27,630
Interest expense		2,661		2,774		7,833		8,551
Income tax expense		4,478		1,159		20,938		5,211
Net earnings		136,346		76,048		449,149		193,564