v3.25.2
Revenue (Tables)
12 Months Ended
May 31, 2025
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:

Year Ended May 31,

2025

 

2024

 

$ Change

 

% Change

 

(In thousands, except percentages)

 

 

 

 

Trade accounts receivable, less allowances

$

1,509,109

 

$

1,419,445

 

$

89,664

 

 

6.3

%

 

 

 

 

 

 

Contract assets

$

72,949

 

$

57,833

 

$

15,116

 

 

26.1

%

Contract liabilities - short-term

 

(56,634

)

 

(44,996

)

 

(11,638

)

 

25.9

%

Net Contract Assets

$

16,315

 

$

12,837

 

$

3,478

 

 

 

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses:

Year Ended May 31,

 

2025

 

 

2024

 

 

2023

 

(In thousands)

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

48,763

 

 

$

49,482

 

 

$

46,669

 

Bad debt provision

 

 

16,411

 

 

 

18,375

 

 

 

13,557

 

Uncollectible accounts written off, net of recoveries

 

 

(22,560

)

 

 

(19,160

)

 

 

(9,780

)

Translation adjustments

 

 

230

 

 

 

66

 

 

 

(964

)

Ending Balance

 

$

42,844

 

 

$

48,763

 

 

$

49,482