XML 137 R111.htm IDEA: XBRL DOCUMENT v3.22.2
Acquisitions - Schedule of Consideration Transferred and the Preliminary Fair Value Assigned to Assets Acquired And Liabilities Assumed (Detail) - USD ($)
Dec. 01, 2021
Jun. 08, 2021
Jan. 29, 2021
May 31, 2022
May 31, 2021
May 31, 2020
Business Acquisition [Line Items]            
Goodwill       $ 401,469,000 $ 351,056,000 $ 321,434,000
Shiloh Industries' U.S. BlankLight            
Business Acquisition [Line Items]            
Accounts receivable   $ 43,695,000        
Inventories   15,970,000        
Property, plant, and equipment   29,357,000        
Intangible assets   36,090,000        
Operating lease assets   59,905,000        
Total identifiable assets   185,017,000        
Accounts payable   (44,894,000)        
Current operating lease liabilities   (1,555,000)        
Noncurrent operating lease liabilities   (58,350,000)        
Net identifiable assets   80,218,000        
Goodwill   24,288,000        
Purchase price   104,506,000        
Shiloh Industries' U.S. BlankLight | Preliminary Valuation            
Business Acquisition [Line Items]            
Accounts receivable   44,191,000        
Inventories   13,971,000        
Property, plant, and equipment   30,461,000        
Intangible assets   34,280,000        
Operating lease assets   59,905,000        
Total identifiable assets   182,808,000        
Accounts payable   (44,822,000)        
Current operating lease liabilities   (1,555,000)        
Noncurrent operating lease liabilities   (58,350,000)        
Net identifiable assets   78,081,000        
Goodwill   26,669,000        
Purchase price   104,750,000        
Shiloh Industries' U.S. BlankLight | Measurement Period Adjustments            
Business Acquisition [Line Items]            
Accounts receivable   (496,000)        
Inventories   1,999,000        
Property, plant, and equipment   (1,104,000)        
Intangible assets   1,810,000        
Total identifiable assets   2,209,000        
Accounts payable   (72,000)        
Net identifiable assets   2,137,000        
Goodwill   (2,381,000)        
Purchase price   $ (244,000)        
Tempel Steel Company            
Business Acquisition [Line Items]            
Cash $ 17,098,000          
Accounts receivable 88,672,000          
Inventories 59,927,000          
Other current assets 10,648,000          
Property, plant, and equipment 147,441,000          
Intangible assets 41,000,000          
Operating lease assets 4,098,000          
Total identifiable assets 368,884,000          
Accounts payable (49,777,000)          
Notes payable (6,270,000)          
Accrued liabilities (17,437,000)          
Current operating lease liabilities (1,614,000)          
Noncurrent operating lease liabilities 2,484,000          
Other long-term liabilities [1] (37,823,000)          
Net identifiable assets 253,479,000          
Goodwill 35,827,000          
Purchase price 289,306,000          
Tempel Steel Company | Preliminary Valuation            
Business Acquisition [Line Items]            
Cash 17,098,000          
Accounts receivable 88,672,000          
Inventories 59,927,000          
Other current assets 10,666,000          
Property, plant, and equipment 147,441,000          
Intangible assets 41,000,000          
Operating lease assets 4,098,000          
Total identifiable assets 368,902,000          
Accounts payable (49,777,000)          
Notes payable (6,270,000)          
Accrued liabilities (17,501,000)          
Current operating lease liabilities (1,614,000)          
Noncurrent operating lease liabilities (2,484,000)          
Other long-term liabilities [1] (40,110,000)          
Net identifiable assets 251,146,000          
Goodwill 38,462,000          
Purchase price 289,608,000          
Tempel Steel Company | Measurement Period Adjustments            
Business Acquisition [Line Items]            
Other current assets (18,000)          
Total identifiable assets (18,000)          
Accrued liabilities 64,000          
Other long-term liabilities [1] 2,287,000          
Net identifiable assets 2,333,000          
Goodwill (2,635,000)          
Purchase price $ (302,000)          
General Tools & Instruments Company LLC            
Business Acquisition [Line Items]            
Cash     $ 1,633,000      
Accounts receivable     15,442,000      
Inventories     19,779,000      
Prepaid expenses     751,000      
Property, plant, and equipment     956,000      
Intangible assets     68,400,000      
Operating lease assets     5,502,000      
Other assets     30,000      
Total identifiable assets     112,493,000      
Accounts payable     (2,554,000)      
Accrued liabilities     (5,873,000)      
Current operating lease liabilities     (657,000)      
Other current liabilities     (165,000)      
Noncurrent operating lease liabilities     (4,845,000)      
Deferred tax liabilities     (11,782,000)      
Other long-term liabilities     (230,000)      
Net identifiable assets     86,387,000      
Goodwill     34,001,000      
Purchase price     120,388,000      
General Tools & Instruments Company LLC | Preliminary Valuation            
Business Acquisition [Line Items]            
Cash     1,633,000      
Accounts receivable     16,440,000      
Inventories     19,795,000      
Prepaid expenses     924,000      
Other current assets     97,000      
Property, plant, and equipment     956,000      
Intangible assets     68,400,000      
Operating lease assets     5,502,000      
Other assets     30,000      
Total identifiable assets     113,777,000      
Accounts payable     (2,594,000)      
Accrued liabilities     (6,006,000)      
Current operating lease liabilities     (657,000)      
Other current liabilities     (923,000)      
Noncurrent operating lease liabilities     (4,845,000)      
Deferred tax liabilities     (11,635,000)      
Other long-term liabilities     (239,000)      
Net identifiable assets     86,878,000      
Goodwill     33,714,000      
Purchase price     120,592,000      
General Tools & Instruments Company LLC | Measurement Period Adjustments            
Business Acquisition [Line Items]            
Accounts receivable     (998,000)      
Inventories     (16,000)      
Prepaid expenses     (173,000)      
Other current assets     (97,000)      
Total identifiable assets     (1,284,000)      
Accounts payable     40,000      
Accrued liabilities     133,000      
Other current liabilities     758,000      
Deferred tax liabilities     (147,000)      
Other long-term liabilities     9,000      
Net identifiable assets     (491,000)      
Goodwill     287,000      
Purchase price     $ (204,000)      
[1] Includes approximately $40,160,000 of net pension and other postretirement benefit obligations assumed as part of the Tempel acquisition. The excess of projected benefit obligations over the fair value of the plans' assets was recognized as a liability in accordance with ASC 715 using key inputs including, but not limited to, discount rates and expected rates of return on the plans' assets. See "Note M - Employee Pension Plans" for additional information.