v3.26.1
Contingencies and Accrued Losses (Tables)
12 Months Ended
May 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Accrued Loss Reserves

Accrued loss reserves consist of the following:

May 31,

 

2026

 

2025

 

(In thousands)

 

 

 

 

 

Accrued product liability and other loss reserves

 

$

35,517

 

$

24,781

 

Accrued warranty reserves

 

 

10,395

 

 

10,494

 

Accrued environmental reserves

 

 

5,346

 

 

1,426

 

Total Accrued Loss Reserves - Current

 

$

51,258

 

$

36,701

 

Accrued product liability and other loss reserves - noncurrent

 

$

26,236

 

$

25,206

 

Accrued warranty liability - noncurrent

 

 

3,379

 

 

3,534

 

Accrued environmental reserves - noncurrent

 

 

3,512

 

 

2,719

 

Total Accrued Loss Reserves - Noncurrent

 

$

33,127

 

$

31,459

 

 

Changes in Accrued Warranty Balances

The following table includes the changes in our accrued warranty balances:

Year Ended May 31,

 

2026

 

2025

 

2024

 

(In thousands)

 

 

 

 

 

 

 

Beginning Balance

 

$

14,028

 

$

11,621

 

$

11,776

 

Deductions (1)

 

 

(37,343

)

 

(29,434

)

 

(34,388

)

Provision charged to expense

 

 

37,089

 

 

31,841

 

 

34,233

 

Ending Balance

 

$

13,774

 

$

14,028

 

$

11,621

 

(1)
Primarily claims paid during the year.