XML 79 R68.htm IDEA: XBRL DOCUMENT v3.22.1
Acquisitions - Schedule of Consideration Transferred and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed (Detail) - USD ($)
$ in Thousands
Dec. 01, 2021
Jun. 08, 2021
Feb. 28, 2022
May 31, 2021
Business Acquisition [Line Items]        
Goodwill     $ 407,318 $ 351,056
Tempel Steel Company        
Business Acquisition [Line Items]        
Intangible assets $ 41,000      
Tempel Steel Company | Preliminary Valuation        
Business Acquisition [Line Items]        
Cash 17,098      
Accounts receivable 88,672      
Inventories 59,927      
Other current assets 10,666      
Property, plant and equipment 147,441      
Intangible assets 41,000      
Operating lease assets 4,098      
Total identifiable assets 368,902      
Accounts payable (49,777)      
Notes payable (6,270)      
Accrued liabilities (17,501)      
Current operating lease liabilities (1,614)      
Noncurrent operating lease liabilities (2,484)      
Other non-current liabilities [1] (40,110)      
Net identifiable assets 251,146      
Goodwill 38,463      
Purchase price $ 289,609      
Shiloh Industries' U S Blank Light        
Business Acquisition [Line Items]        
Accounts receivable   $ 44,191    
Inventories   14,703    
Property, plant and equipment   30,342    
Intangible assets   36,090    
Operating lease assets   59,905    
Total identifiable assets   185,231    
Accounts payable   (44,822)    
Current operating lease liabilities   (1,555)    
Noncurrent operating lease liabilities   (58,350)    
Net identifiable assets   80,504    
Goodwill   24,246    
Purchase price   104,750    
Shiloh Industries' U S Blank Light | Preliminary Valuation        
Business Acquisition [Line Items]        
Accounts receivable   44,191    
Inventories   13,971    
Property, plant and equipment   30,461    
Intangible assets   34,280    
Operating lease assets   59,905    
Total identifiable assets   182,808    
Accounts payable   (44,822)    
Current operating lease liabilities   (1,555)    
Noncurrent operating lease liabilities   (58,350)    
Net identifiable assets   78,081    
Goodwill   26,669    
Purchase price   104,750    
Shiloh Industries' U S Blank Light | Measurement Period Adjustments        
Business Acquisition [Line Items]        
Inventories   732    
Property, plant and equipment   (119)    
Intangible assets   1,810    
Total identifiable assets   2,423    
Net identifiable assets   2,423    
Goodwill   $ (2,423)    
[1]

Includes approximately $40,000,000 of net pension and other postretirement benefit obligations assumed as part of the Tempel acquisition.  The excess of projected benefit obligation over the fair value of plans assets was recognized as a liability in accordance with ASC 715 using key inputs including, but not limited to, discount rates and expected rates of return on plan assets.