CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 31, 2015	May. 31, 2015
Assets
Cash	$ 8,749	$ 4,064
Accounts receivable, net of allowance for doubtful accounts of $553 and $604	26,917	33,863
Rental and lease equipment, net of accumulated depreciation of $237,652 and $241,116	226,764	231,671
Other property, net of accumulated depreciation and amortization of $16,983 and $16,749	12,901	13,120
Goodwill	3,109	3,109
Intangibles, net of accumulated amortization of $1,790 and $1,761	715	744
Other assets	13,587	13,743
Total assets	292,742	300,314
Liabilities:
Bank borrowings	0	2,387
Accounts payable	6,233	8,234
Accrued expenses	16,636	18,487
Deferred revenue	5,607	5,576
Deferred tax liability	36,716	37,652
Total liabilities	$ 65,192	$ 72,336
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $1 par - shares authorized 1,000,000, none issued	$ 0	$ 0
Common stock, no par - shares authorized 40,000,000; issued and outstanding August 31, 2015 - 24,126,792; May 31, 2015 - 24,108,176	40,598	40,440
Retained earnings	186,952	187,538
Total shareholders’ equity	227,550	227,978
Total liabilities and shareholders' equity	$ 292,742	$ 300,314