XML 105 R77.htm IDEA: XBRL DOCUMENT v3.24.2
Comprehensive Income (Loss) - Components of Changes in AOCI (Detail) - USD ($)
$ in Thousands
12 Months Ended
May 31, 2024
May 31, 2023
May 31, 2022
Accumulated Other Comprehensive Income Loss [Line Items]      
Balance $ 1,821,628 $ 1,613,962 $ 1,551,695
Income tax effect (4,376) (2,055) 14,601
Separation of Worthington Steel (1,033,245)    
Balance 891,012 1,821,628 1,613,962
Foreign Currency Translation      
Accumulated Other Comprehensive Income Loss [Line Items]      
Balance (22,123) (15,310)  
OCI before reclassifications 1,987 (6,774)  
Reclassification adjustments to income [1],[2] 8,591    
Income tax effect 2 (39)  
Separation of Worthington Steel 10,874    
Balance (669) (22,123) (15,310)
Pension Liability Adjustment      
Accumulated Other Comprehensive Income Loss [Line Items]      
Balance (1,730) (6,244)  
OCI before reclassifications 419 559  
Reclassification adjustments to income [1],[2] 9,184 5,356  
Income tax effect (2,330) (1,401)  
Separation of Worthington Steel (5,984)    
Balance (441) (1,730) (6,244)
Cash Flow Hedges      
Accumulated Other Comprehensive Income Loss [Line Items]      
Balance 674 (1,296)  
OCI before reclassifications 14,721 (22,873)  
Reclassification adjustments to income [1],[2] (6,176) 25,458  
Income tax effect (2,048) (615)  
Separation of Worthington Steel (5,607)    
Balance 1,564 674 (1,296)
AOCI      
Accumulated Other Comprehensive Income Loss [Line Items]      
Balance (23,179) (22,850) 45,387
OCI before reclassifications 17,127 (29,088)  
Reclassification adjustments to income [1],[2] 11,599 30,814  
Income tax effect (4,376) (2,055)  
Separation of Worthington Steel (717)    
Balance $ 454 $ (23,179) $ (22,850)
[1] Cash flow hedges & net investment hedges – disclosed in “Note R – Derivative Financial Instruments and Hedging Activities.
[2] Reflects the following pension liability adjustments:
The acceleration of deferred pension costs in AOCI related to separate pension lift-out transactions completed in February 2024 and August 2022, respectively, to transfer the pension benefit obligation under the Gerstenslager Plan to third-party insurance companies. Refer to “Note M - Employee Pension Plans.”
The settlement of certain participant balances within the pension plan maintained by WAVE during fiscal 2024.