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Changes in Equity - Summary of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance $ 1,639,292 $ 1,633,091 $ 1,613,962 $ 1,551,695
Income tax effect (9,571) 6,829 (5,265) 21,698
Balance 1,715,258 1,603,605 1,715,258 1,603,605
Foreign Currency Translation        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance     (15,310) 1,779
Other comprehensive income (loss) before reclassifications     (7,549) (9,473)
Income tax effect     (131) (851)
Balance (22,990) (8,545) (22,990) (8,545)
Pension Liability Adjustment        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance     (6,244) (15,955)
Other comprehensive income (loss) before reclassifications     (619) 500
Reclassification adjustments to net earnings [1]     4,774 1,200
Income tax effect     (975) (336)
Balance (3,064) (14,591) (3,064) (14,591)
Cash Flow Hedges        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance     (1,296) 59,563
Other comprehensive income (loss) before reclassifications     (2,999) 11,747
Reclassification adjustments to net earnings [1]     24,200 (107,152)
Income tax effect     (4,159) 22,885
Balance 15,746 (12,957) 15,746 (12,957)
Accumulated Other Comprehensive Income (Loss), Net of Tax        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance (46,536) (16,745) (22,850) 45,387
Other comprehensive income (loss) before reclassifications     (11,167) 2,774
Reclassification adjustments to net earnings [1]     28,974 (105,952)
Income tax effect     (5,265) 21,698
Balance $ (10,308) $ (36,093) $ (10,308) $ (36,093)
[1] The consolidated statement of earnings classification of amounts reclassified to net earnings include:
1.
Pension liability adjustment – During August 2022, we purchased (using pension plan assets) an annuity contract from a third-party insurance company to transfer approximately 31% of the total projected benefit obligation of The Gerstenslager Company Bargaining Unit Employees’ Pension Plan as of the purchase date. As a result of this transaction: 1) we incurred a non-cash settlement charge of $4,774,000 recorded in miscellaneous income (expense), net in the consolidated statements of earnings; 2) we were relieved of all responsibility for these pension obligations; and 3) the insurance company is now required to pay and administer the retirement benefits owed to 220 beneficiaries; and
2.
Cash flow hedges – See the disclosure in “Note Q – Derivative Financial Instruments and Hedging Activities”.