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Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Parenthetical) (Details) - Fair Value, Measurements, Recurring - USD ($)
$ in Thousands
Feb. 28, 2025
May 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities [1] $ 12,578 $ 1,421
Ragasco earnout liability    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities [1],[2] 11,230  
Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities [1] 11,230  
Significant Unobservable Inputs (Level 3) | Ragasco earnout liability    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities [1],[2] $ 11,230  
[1] The fair value of our derivative financial instruments is based on the present value of the expected future cash flows considering the risks involved, including non-performance risk, and using discount rates appropriate for the respective maturities. Market observable, Level 2 inputs are used to determine the present value of the expected future cash flows. Refer to “Note O – Derivative Financial Instruments and Hedging Activities” for additional information regarding our use of derivative financial instruments.
[2] During the three months ended February 28, 2025, the fair value of the Ragasco earnout liability increased to $11,230. The fair value measurements were primarily based on inputs that are not observable in the market and are therefore classified in Level 3 of the fair value hierarchy. The change in fair value was recorded in restructuring and other expense, net in our consolidated statement of earnings. See “Note D – Restructuring and Other Expense, Net” and “Note N – Acquisitions” for additional information.