CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Assets
Cash	$ 6,594	$ 4,064
Accounts receivable, net of allowance for doubtful accounts of $635 and $604	25,461	33,863
Rental and lease equipment, net of accumulated depreciation of $237,447 and $241,116	217,356	231,671
Other property, net of accumulated depreciation and amortization of $17,198 and $16,749	12,724	13,120
Goodwill	3,109	3,109
Intangibles, net of accumulated amortization of $1,820 and $1,761	685	744
Other assets	19,256	13,743
Total assets	285,185	300,314
Liabilities:
Bank borrowings	0	2,387
Accounts payable	5,158	8,234
Accrued expenses	13,725	18,487
Deferred revenue	5,312	5,576
Deferred tax liability	33,920	37,652
Total liabilities	$ 58,115	$ 72,336
Commitments and contingencies (Note 11)
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 November 30, 2015 - 24,127,743; May 31, 2015 - 24,108,176	40,989	40,440
Retained earnings	186,081	187,538
Total shareholders’ equity	227,070	227,978
Total liabilities and shareholders' equity	$ 285,185	$ 300,314