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Inventories

6 Months Ended

Nov. 30, 2017

Inventories

2. INVENTORIES

Inventories are stated at the lower of cost, determined on the first-in, first-out method, or net realizable value. The components of inventories follow:

		November 30, 2017				May 31, 2017
		(in thousands)
Raw materials		$	35,909			$	33,190
Work-in-process			4,955				4,831
Finished and purchased goods			32,849				35,123
		$	73,713			$	73,144

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

+ Details

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