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Restructuring and Other Income, Net - Schedule of Progression of Liabilities Associated with Restructuring Activities, Combined with Reconciliation to Restructuring and Other Income, Net (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2022
Nov. 30, 2021
Restructuring Cost and Reserve [Line Items]        
Net gain on sale of assets [1],[2]     $ 5,467  
Restructuring and other income, net $ (4,282) $ (2,004) (5,382) $ (14,278)
Early Retirement And Severance        
Restructuring Cost and Reserve [Line Items]        
Beginning Balance     541  
Expense (Income)     85  
Payments     (605)  
Ending Balance $ 21   $ 21  
[1] On June 14, 2022, we sold real property in Tulsa, Oklahoma, for net cash proceeds of $5,775,000, resulting in a pre-tax gain of $1,177,000. These assets had been excluded from the sale of our former oil & gas equipment business in January 2021. The assets were classified in assets held for sale on the consolidated balance sheets immediately prior to the closing of the sale.
[2] On October 31, 2022, the Company’s consolidated steel processing joint venture, WSP, sold its remaining manufacturing facility, located in Jackson, Michigan. Net proceeds of $21,277,000 were realized in connection with the transaction, of which $2,000,000 is being held in escrow for general representations and warranties. The transaction resulted in a pre-tax gain of $3,926,000. The assets were classified in assets held for sale on the consolidated balance sheets immediately prior to the closing of the sale.