XML 63 R51.htm IDEA: XBRL DOCUMENT v3.20.4
Changes in Equity - Summary of Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2020
Nov. 30, 2019
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance $ 1,529,900 $ 907,442 $ 966,433 $ 948,394
Income tax effect (4,346) (825) (4,452) (430)
Balance 1,430,471 958,743 1,430,471 958,743
Foreign Currency Translation        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance     (9,142) (19,639)
Other comprehensive income (loss) before reclassifications     6,581 2,948
Reclassification adjustments to income     0 8,496 [1]
Income tax effect     676 0
Balance (1,885) (8,195) (1,885) (8,195)
Pension Liability Adjustment        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance     (21,886) (17,856)
Other comprehensive income (loss) before reclassifications     484 79
Reclassification adjustments to income     0 1,342 [1]
Income tax effect     (116) (313)
Balance (21,518) (16,748) (21,518) (16,748)
Cash Flow Hedges        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance     (4,189) (5,969)
Other comprehensive income (loss) before reclassifications     16,765 (5,975)
Reclassification adjustments to income     6,028 6,666 [1]
Income tax effect     (5,013) (117)
Balance 13,591 (5,395) 13,591 (5,395)
Accumulated Other Comprehensive Loss, Net of Tax        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance (23,975) (40,308) (35,217) (43,464)
Other comprehensive income (loss) before reclassifications     23,830 (2,948)
Reclassification adjustments to income     6,028 16,504 [1]
Income tax effect     (4,453) (430)
Balance $ (9,812) $ (30,338) $ (9,812) $ (30,338)
[1]

 

(a)  The statement of earnings (loss) classification of amounts reclassified to income include:

(1)  Foreign currency translation – result of $7,454,000 related to the sale of the cryogenics business in Turkey; and $1,042,000 related to the impairment of Nisshin, the Company’s former joint venture in China.

(2)  Pension liability adjustment – result of the settlement of certain participant balances within the pension plan maintained by WAVE.

(3)  Cash flow hedges – disclosed in “NOTE P – Derivative Instruments and Hedging Activities”.