XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2023
May 31, 2022
Current Assets    
Cash and cash equivalents $ 163,240 $ 44,473
Marketable securities 82,329 336,578
Accounts receivable, net 153,253 99,674
Inventories 133,812 122,313
Prepaid expenses and other current assets 53,297 23,760
Total Current Assets 585,931 626,798
Property and Equipment    
Land and improvements 10,209 9,485
Building and improvements 96,794 79,513
Machinery and equipment 152,547 114,180
Furniture and fixtures 7,080 6,307
Construction in progress 52,237 5,974
Property, Plant and Equipment, Gross 318,867 215,459
Less accumulated depreciation (120,118) (104,875)
Net Property and Equipment 198,749 110,584
Other Assets    
Right of use assets 11,933 3,184
Goodwill 2,137,496 142,704
Other non-amortizable intangible assets 14,316 15,397
Amortizable intangible assets, net 1,590,787 92,106
Other non-current assets 15,220 2,156
Total Other Assets 3,769,752 255,547
Total Assets 4,554,432 992,929
Current Liabilities    
Accounts payable 76,669 34,614
Accrued compensation 25,153 11,123
Income tax payable 6,951 2,126
Accrued interest 11,149  
Deferred revenue 4,616 5,460
Other accruals 20,934 24,521
Total Current Liabilities 145,472 77,844
Deferred Income Tax Liability 353,427 17,011
Non-Current Debt 885,439  
Other Non-Current Liabilities 35,877 10,700
Total Liabilities 1,420,215 105,555
Commitments and Contingencies (note 7)
Stockholders' Equity    
Preferred stock, $1.00 par value — shares authorized 100,000; none issued and outstanding 0 0
Common stock, $0.16 par value - shares authorized 315,000,000; 216,245,501 and 107,801,094 shares issued and outstanding at May 31, 2023 and 2022, respectively 34,599 17,248
Additional paid-in capital 2,567,828 309,984
Accumulated other comprehensive loss (33,251) (27,769)
Retained earnings 565,041 587,911
Total Stockholders' Equity 3,134,217 887,374
Total Liabilities and Stockholders' Equity $ 4,554,432 $ 992,929