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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
May 31, 2021
May 31, 2020
May 31, 2019
Income Statement [Abstract]      
Net sales $ 3,171,429 $ 3,059,119 $ 3,759,556
Cost of goods sold 2,532,351 2,615,782 3,279,601
Gross margin 639,078 443,337 479,955
Selling, general and administrative expense 351,145 328,110 338,392
Impairment of goodwill and long-lived assets 13,739 82,690 7,817
Restructuring and other expense (income), net 56,097 10,048 (11,018)
Incremental expenses related to Nikola gains 50,624    
Operating income 167,473 22,489 144,764
Other income (expense):      
Miscellaneous income, net 2,163 9,099 2,716
Interest expense (30,346) (31,616) (38,063)
Equity in net income of unconsolidated affiliates 123,325 114,848 97,039
Gains on investment in Nikola 655,102 0 0
Loss on extinguishment of debt 0 (4,034) 0
Earnings before income taxes 917,717 110,786 206,456
Income tax expense 176,267 26,342 43,183
Net earnings 741,450 84,444 163,273
Net earnings attributable to noncontrolling interests [1] 17,655 5,648 9,818
Net earnings attributable to controlling interest $ 723,795 $ 78,796 $ 153,455
Basic      
Average common shares outstanding 52,701 54,958 57,196
Earnings per share attributable to controlling interest $ 13.73 $ 1.43 $ 2.68
Diluted      
Average common shares outstanding 53,917 55,983 58,823
Earnings per share attributable to controlling interest $ 13.42 $ 1.41 $ 2.61
[1] Net earnings attributable to noncontrolling interests are not taxable to Worthington.