Revenue (Tables)

9 Months Ended

Feb. 29, 2024

Revenue from Contract with Customer [Abstract]

Trade Accounts Receivable Net of Allowances and Net Contract Assets

Trade accounts receivable, net of allowances, and net contract assets consisted of the following:


(In thousands, except percentages)		February 29, 2024				May 31, 2023				$ Change				% Change
Trade accounts receivable, less allowances		$	1,072,032			$	1,503,040			$	(431,008	)			(28.7	%)

Contract assets		$	49,776			$	49,188			$	588				1.2	%
Contract liabilities - short-term			(38,090	)			(42,396	)			4,306				(10.2	%)
Net Contract Assets		$	11,686			$	6,792			$	4,894

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the three and nine months ended February 29, 2024 and February 28, 2023:


	Three Months Ended							Nine Months Ended
	February 29,			February 28,				February 29,			February 28,
(In thousands)	2024			2023				2024			2023
Beginning Balance	$	57,448		$	48,041			$	49,482		$	46,669
Bad debt provision		3,608			1,950				14,197			9,473
Uncollectible accounts written off, net of recoveries		(2,471	)		(2,667	)			(5,285	)		(7,573	)
Translation adjustments		(208	)		(2	)			(17	)		(1,247	)
Ending Balance	$	58,377		$	47,322			$	58,377		$	47,322