Goodwill and Other Long-Lived Assets (Tables)

12 Months Ended

May 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amount of Goodwill

The following table summarizes the changes in the carrying amount of goodwill during fiscal 2024 and fiscal 2023 by reportable operating segment:

	Consumer Products		Building Products			Total Reportable Segments			Other			Total
Balance at May 31, 2022	$	241,373	$	65,408		$	306,781		$	14,655		$	321,436
Acquisitions and purchase accounting adjustments		15,947		-			15,947			-			15,947
Translation adjustments		-		(195	)		(195	)		(1,010	)		(1,205	)
Balance at May 31, 2023		257,320		65,213			322,533			13,645			336,178
Acquisitions (1)		8,327		-			8,327			-			8,327
Impairment losses (2)		-		-			-			(14,210	)		(14,210	)
Translation adjustments		-		735			735			565			1,300
Balance at May 31, 2024	$	265,647	$	65,948		$	331,595		$	-		$	331,595

(1)For additional information regarding our acquisitions, refer to “Note Q - Acquisitions.”

(2)Reflects impairment charges related to the deconsolidation of our Sustainable Energy Solutions business. Refer to the “Impairment of Goodwill and Long-Lived Assets” section below for additional information.

Summary of Other Intangible Assets by Class

The following table summarizes other intangible assets by class as of the end of the prior two fiscal years:

	2024				2023
			Accumulated				Accumulated
	Cost		Amortization		Cost		Amortization
Indefinite-lived intangible assets:
Trademarks	$	111,681	$	-	$	108,181	$	-
Total indefinite-lived intangible assets		111,681		-		108,181		-
Definite-lived intangible assets:
Customer relationships	$	169,680	$	73,257	$	169,043	$	63,336
Non-compete agreements		2,708		2,615		2,708		2,521
Technology/know-how		20,244		7,370		19,418		5,598
Other		-		-		4,809		1,853
Total definite-lived intangible assets		192,632		83,242		195,978		73,308
Total intangible assets	$	304,313	$	83,242	$	304,159	$	73,308

Estimated Amortization Expense

Amortization expense for each of the next five fiscal years is estimated to be:

2025	$	11,500
2026	$	11,373
2027	$	10,846
2028	$	10,525
2029	$	10,525