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Revenue (Tables)
6 Months Ended
Nov. 30, 2020
Revenue From Contract With Customer [Abstract]  
Trade Accounts Receivable Net of Allowances and Net Contract Assets (Liabilities)

Trade accounts receivable, net of allowances, and net contract assets (liabilities) consisted of the following:

 

(In thousands, except percentages)

 

November 30, 2020

 

 

August 31, 2020

 

 

$ Change

 

 

% Change

 

Trade accounts receivable, less allowances

 

$

1,081,841

 

 

$

1,159,130

 

 

$

(77,289

)

 

 

-6.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

27,154

 

 

$

36,292

 

 

$

(9,138

)

 

 

-25.2

%

Contract liabilities - short-term

 

 

(28,310

)

 

 

(25,605

)

 

 

(2,705

)

 

 

10.6

%

Net Contract Assets (Liabilities)

 

$

(1,156

)

 

$

10,687

 

 

$

(11,843

)

 

 

-110.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except percentages)

 

November 30, 2020

 

 

May 31, 2020

 

 

$ Change

 

 

% Change

 

Trade accounts receivable, less allowances

 

$

1,081,841

 

 

$

1,137,957

 

 

$

(56,116

)

 

 

-4.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

27,154

 

 

$

25,249

 

 

$

1,905

 

 

 

7.5

%

Contract liabilities - short-term

 

 

(28,310

)

 

 

(25,288

)

 

 

(3,022

)

 

 

12.0

%

Net Contract (Liabilities)

 

$

(1,156

)

 

$

(39

)

 

$

(1,117

)

 

 

 

 

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the three and six months ended November 30, 2020:

 

(In thousands)

 

 

 

 

Balance at August 31, 2020

 

$

55,927

 

Bad debt provision

 

 

(106

)

Uncollectible accounts written off, net of recoveries

 

 

(2,493

)

Translation adjustments

 

 

214

 

Balance at November 30, 2020

 

$

53,542

 

 

 

 

 

 

(In thousands)

 

 

 

 

Balance at June 1, 2020

 

$

55,847

 

Bad debt provision

 

 

1,168

 

Uncollectible accounts written off, net of recoveries

 

 

(5,347

)

Translation adjustments

 

 

1,874

 

Balance at November 30, 2020

 

$

53,542