XML 71 R60.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Operations - Financial Information for Reportable Segments (Detail) - USD ($)
3 Months Ended 6 Months Ended
Nov. 30, 2022
Aug. 31, 2022
Nov. 30, 2021
Nov. 30, 2022
Nov. 30, 2021
May 31, 2022
Segment Reporting Information [Line Items]            
Net sales $ 1,175,541,000   $ 1,232,861,000 $ 2,584,206,000 $ 2,343,679,000  
Impairment of long-lived assets 0 $ 312,000     0  
Restructuring and other income, net (4,282,000)   (2,004,000) (5,382,000) (14,278,000)  
Miscellaneous income (expense), net 1,405,000   1,040,000 (3,681,000) 1,670,000  
Equity in net income (loss) of unconsolidated affiliates 36,857,000   60,218,000 68,569,000 113,134,000  
Adjusted EBIT 23,636,000   144,411,000 108,378,000 326,036,000  
Total assets 3,390,660,000     3,390,660,000   $ 3,643,023,000
Steel Processing            
Segment Reporting Information [Line Items]            
Net sales 841,947,000   937,842,000 1,880,827,000 1,760,652,000  
Impairment of long-lived assets       312,000    
Restructuring and other income, net (4,282,000)   (182,000) (4,205,000) (12,313,000)  
Miscellaneous income (expense), net 850,000   17,000 1,035,000 47,000  
Equity in net income (loss) of unconsolidated affiliates 1,906,000   8,823,000 3,676,000 18,172,000  
Adjusted EBIT (17,249,000) [1],[2]   71,925,000 [3] 17,663,000 [4],[5] 179,617,000 [6]  
Total assets 1,796,136,000     1,796,136,000   2,082,522,000
Consumer products            
Segment Reporting Information [Line Items]            
Net sales 153,795,000   140,793,000 342,497,000 288,576,000  
Miscellaneous income (expense), net (47,000)   159,000 (82,000) 209,000  
Adjusted EBIT 13,473,000 [1],[2]   17,584,000 [3] 34,406,000 [4],[5] 38,140,000 [6]  
Total assets 627,474,000     627,474,000   577,026,000
Building Products            
Segment Reporting Information [Line Items]            
Net sales 141,671,000   121,125,000 291,994,000 235,868,000  
Miscellaneous income (expense), net 76,000   218,000 299,000 144,000  
Equity in net income (loss) of unconsolidated affiliates 35,107,000   49,894,000 78,973,000 92,887,000  
Adjusted EBIT 41,224,000 [1],[2]   54,718,000 [3] 93,959,000 [4],[5] 103,471,000 [6]  
Total assets 645,566,000     645,566,000   681,188,000
Sustainable Energy Solutions            
Segment Reporting Information [Line Items]            
Net sales 38,128,000   33,101,000 68,888,000 58,583,000  
Restructuring and other income, net         (143,000)  
Miscellaneous income (expense), net 142,000   82,000 56,000 22,000  
Adjusted EBIT 1,143,000 [1],[2]   796,000 [3] (250,000) [4],[5] (1,760,000) [6]  
Total assets 120,978,000     120,978,000   114,084,000
Other            
Segment Reporting Information [Line Items]            
Restructuring and other income, net     (1,822,000) (1,177,000) (1,822,000)  
Separation costs 9,246,000     9,246,000    
Miscellaneous income (expense), net 384,000   564,000 (4,989,000) 1,248,000  
Equity in net income (loss) of unconsolidated affiliates (156,000)   1,501,000 (14,080,000) 2,075,000  
Adjusted EBIT (3,291,000) [1],[2]   1,893,000 [3] 1,854,000 [4],[5] 1,479,000 [6]  
Total assets 200,506,000     200,506,000   $ 188,203,000
Consolidated            
Segment Reporting Information [Line Items]            
Net sales 1,175,541,000   1,232,861,000 2,584,206,000 2,343,679,000  
Impairment of long-lived assets       312,000    
Restructuring and other income, net (4,282,000)   (2,004,000) (5,382,000) (14,278,000)  
Separation costs 9,246,000     9,246,000    
Miscellaneous income (expense), net 1,405,000   1,040,000 (3,681,000) 1,670,000  
Equity in net income (loss) of unconsolidated affiliates 36,857,000   60,218,000 68,569,000 113,134,000  
Adjusted EBIT $ 35,300,000 [1],[2]   $ 146,916,000 [3] $ 147,632,000 [4],[5] $ 320,947,000 [6]  
[1] Excludes $525 in selling, general and administrative expense in Consumer Products related to incremental expense attributable to the Level5 earnout; excludes $9,246 of Separation costs in Other related to direct and incremental costs incurred in connection with the anticipated Separation, including audit, advisory, and legal costs.
[2] Excludes the noncontrolling interest portion of the restructuring gains within Steel Processing of $1,850.
[3] Excludes the noncontrolling interest portion of the restructuring gains within Steel Processing of $81.
[4] Excludes a non-cash settlement charge of $4,774 in miscellaneous income (expense), net within Other to accelerate a portion of deferred pension cost as a result of a pension lift-out transaction executed with a third-party insurance company to transfer a portion of the total projected benefit obligation of The Gerstenslager Company Bargaining Unit Employees’ Pension Plan to the third-party insurance company; excludes a loss of $15,759 in equity in net income (loss) of unconsolidated affiliates within Other related to the sale of the Company’s 50% noncontrolling equity investment in ArtiFlex effective August 3, 2022; excludes $1,050 in selling, general and administrative expense in Consumer Products related to incremental compensation expense attributable to the Level5 earnout; and excludes $9,246 of Separation costs in Other related to direct and incremental costs incurred in connection with the anticipated Separation, including audit, advisory, and legal costs.
[5] Excludes the noncontrolling interest portion of the impairment charge and restructuring gains within Steel Processing of $1,734.
[6] Excludes the noncontrolling interest portion of the restructuring gains within Steel Processing of $6,027.