Consolidated Balance Sheets - USD ($) $ in Thousands	May. 31, 2015	May. 31, 2014
Assets
Cash	$ 4,064	$ 5,946
Accounts receivable, net of allowance for doubtful accounts of $604 and $555	33,863	34,970
Rental and lease equipment, net of accumulated depreciation of $241,116 and $237,151	231,671	221,888
Other property, net of accumulated depreciation and amortization of $16,749 and $18,983	13,120	13,122
Goodwill	3,109	3,109
Intangibles, net of amortization of $1,761 and $1,632	744	873
Other assets	13,743	22,150
Total assets	300,314	302,058
Liabilities:
Bank borrowings	2,387	0
Accounts payable	8,234	7,279
Accrued expenses	18,487	14,472
Deferred revenue	5,576	7,537
Deferred tax liability	37,652	41,812
Total liabilities	$ 72,336	$ 71,100
Commitments and contingencies (Note 10)
Shareholders’ equity:
Preferred stock, $1 par—shares authorized 1,000,000; none issued
Common stock, no par—shares authorized 40,000,000; issued and outstanding 2015—24,108,176; 2014—24,007,709	$ 40,440	$ 39,252
Retained earnings	187,538	191,706
Total shareholders’ equity	227,978	230,958
Total liabilities and shareholders' equity	$ 300,314	$ 302,058