XML 75 R51.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments in Unconsolidated Affiliates - Financial Results of Four Largest Unconsolidated Affiliates (Detail) - USD ($)
$ in Thousands
12 Months Ended
May 31, 2018
May 31, 2017
May 31, 2016
Investments in and Advances to Affiliates [Line Items]      
Net sales $ 1,692,019 $ 1,547,787 $ 1,498,720
Gross margin (loss) 343,281 374,044 345,613
Operating income (loss) 222,893 263,813 236,555
Depreciation and amortization 23,706 26,106 29,228
Interest expense (income) 10,208 8,720 8,469
Income tax expense (benefit) 5,468 14,134 6,577
Net earnings (loss) 206,976 250,748 258,106
WAVE      
Investments in and Advances to Affiliates [Line Items]      
Net sales 360,395 334,031 329,050
Gross margin (loss) 201,581 190,350 191,535
Operating income (loss) 158,697 158,030 162,026
Depreciation and amortization 1,659 2,978 2,245
Interest expense (income) 8,365 7,182 6,635
Income tax expense (benefit) 119 2,398 (14)
Net earnings (loss) [1] 152,329 154,866 164,132
ClarkDietrich      
Investments in and Advances to Affiliates [Line Items]      
Net sales 790,887 711,735 615,609
Gross margin (loss) 97,437 128,098 95,427
Operating income (loss) 39,153 68,696 33,897
Depreciation and amortization 11,864 12,718 14,289
Interest expense (income) 114 20 80
Net earnings (loss) 39,138 69,122 58,539
Serviacero Worthington      
Investments in and Advances to Affiliates [Line Items]      
Net sales 315,098 275,315 260,337
Gross margin (loss) 32,396 37,080 15,328
Operating income (loss) 24,232 29,975 11,110
Depreciation and amortization 3,919 3,862 3,508
Interest expense (income) 397 89 114
Income tax expense (benefit) 5,141 11,740 6,249
Net earnings (loss) 17,577 18,140 6,246
ArtiFlex      
Investments in and Advances to Affiliates [Line Items]      
Net sales 197,061 208,922 219,510
Gross margin (loss) 18,266 22,829 30,181
Operating income (loss) 11,395 15,519 22,612
Depreciation and amortization 5,515 5,850 6,105
Interest expense (income) 1,333 1,429 1,650
Income tax expense (benefit) 208 (2) 289
Net earnings (loss) 9,854 14,092 20,673
Other [Member]      
Investments in and Advances to Affiliates [Line Items]      
Net sales 28,578 17,784 74,214
Gross margin (loss) (6,399) (4,313) 13,142
Operating income (loss) (10,584) (8,407) 6,910
Depreciation and amortization 749 698 3,081
Interest expense (income) (1)   (10)
Income tax expense (benefit)   (2) 53
Net earnings (loss) $ (11,922) $ (5,472) $ 8,516
[1] On November 20, 2017, WAVE agreed to sell its business and operations in Europe and Asia to the Knauf Group, a family-owned manufacturer of building materials headquartered in Germany. WAVE has classified its businesses to be sold as discontinued operations. These net earnings include net income attributable to discontinued operations of $2,226,000, $6,775,000, and $8,930,000 in fiscal 2018, fiscal 2017, and fiscal 2016, respectively. All other amounts presented in the table above exclude the activity of the discontinued operations of WAVE