Consolidated Balance Sheets - USD ($) $ in Thousands	May. 31, 2015	May. 31, 2014
Current assets:
Cash and cash equivalents	$ 33,211	$ 34,656
Receivables, net of allowance of $2,775 and $4,784	212,934	175,601
Inventory	26,005	25,537
Deferred income taxes	5,926	4,717
Prepaid expenses and other current assets	10,620	8,303
Total current assets	288,696	248,814
Property, plant and equipment, net	97,926	89,961
Assets held for sale	5,207	5,207
Intangible assets, net of accumulated amortization of $15,957 and $12,698	20,268	23,513
Goodwill	107,773	113,763
Other assets, net	467	1,248
Deferred income taxes	3,496	2,435
Total assets	523,833	484,941
Current liabilities:
Accounts payable	32,854	21,755
Other accrued liabilities	54,185	48,391
Income taxes payable	4,185	4,997
Total current liabilities	91,224	75,143
Deferred income taxes	15,631	15,655
Long-term debt	78,484	73,721
Other long-term liabilities	3,119	3,377
Total liabilities	$ 188,458	$ 167,896
Commitments and contingencies
Equity:
Preferred stock, 500,000 shares authorized, none issued
Common stock, par value $0.30 per share, 60,000,000 shares authorized; 20,909,402 and 20,477,938 shares issued	$ 6,273	$ 6,142
Additional paid-in capital	115,642	105,872
Retained earnings	242,102	202,032
Accumulated other comprehensive loss	(13,538)	(2,679)
Treasury stock at cost, 546,977 and 0 shares	(21,138)
Total Team shareholders' equity	329,341	311,367
Non-controlling interest	6,034	5,678
Total equity	335,375	317,045
Total liabilities and equity	$ 523,833	$ 484,941