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Results of Reportable Segments (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
May 31, 2017
Feb. 28, 2017
Nov. 30, 2016
[1]
Aug. 31, 2016
May 31, 2016
Feb. 29, 2016
Nov. 30, 2015
Aug. 31, 2015
May 31, 2017
May 31, 2016
May 31, 2015
Segment Reporting Information [Line Items]                      
Net Sales $ 1,492,846 $ 1,022,496 $ 1,190,770 $ 1,252,063 $ 1,426,584 $ 988,555 $ 1,155,984 $ 1,242,526 $ 4,958,175 [2] $ 4,813,649 [2] $ 4,594,550 [2]
Income (Expense) Before Income Taxes [3]                 244,333 483,466 453,253
Interest (Expense), Net [4]                 (82,970) (81,318) (69,038)
EBIT [5]                 327,303 564,784 522,291
Identifiable Assets 5,090,449       4,764,969       5,090,449 4,764,969 4,680,062
Capital Expenditures                 126,109 117,183 85,363
Depreciation and Amortization                 116,773 111,039 99,176
Operating Segments | Industrial Segment                      
Segment Reporting Information [Line Items]                      
Net Sales                 2,564,202 2,491,647 2,581,424
Income (Expense) Before Income Taxes [3]                 243,335 257,180 251,903
Interest (Expense), Net [4]                 (7,985) (6,071) (8,282)
EBIT [5]                 251,320 263,251 260,185
Identifiable Assets 2,382,784       2,206,062       2,382,784 2,206,062 2,146,244
Capital Expenditures                 65,083 78,002 46,975
Depreciation and Amortization                 51,529 47,697 48,212
Operating Segments | Specialty Segment                      
Segment Reporting Information [Line Items]                      
Net Sales                 713,589 684,564 409,297
Income (Expense) Before Income Taxes [3]                 107,904 107,546 63,434
Interest (Expense), Net [4]                 526 814 626
EBIT [5]                 107,378 106,732 62,808
Identifiable Assets 759,822       754,757       759,822 754,757 758,020
Capital Expenditures                 14,104 10,238 6,998
Depreciation and Amortization                 26,453 25,646 12,619
Operating Segments | Consumer Segment                      
Segment Reporting Information [Line Items]                      
Net Sales                 1,680,384 1,637,438 1,603,829
Income (Expense) Before Income Taxes [3]                 58,726 268,218 274,001
Interest (Expense), Net [4]                 (323) 40 34
EBIT [5]                 59,049 268,178 273,967
Identifiable Assets 1,821,190       1,734,600       1,821,190 1,734,600 1,626,097
Capital Expenditures                 45,690 27,269 29,354
Depreciation and Amortization                 33,374 31,445 32,153
Corporate/Other                      
Segment Reporting Information [Line Items]                      
Income (Expense) Before Income Taxes [3]                 (165,632) (149,478) (136,085)
Interest (Expense), Net [4]                 (75,188) (76,101) (61,416)
EBIT [5]                 (90,444) (73,377) (74,669)
Identifiable Assets $ 126,653       $ 69,550       126,653 69,550 149,701
Capital Expenditures                 1,232 1,674 2,036
Depreciation and Amortization                 $ 5,417 $ 6,251 $ 6,192
[1] Reflects the pretax goodwill and intangible asset impairment losses of $188.3 million related to our Kirker reporting unit. Refer to Note B, “Goodwill and Other Intangible Assets,” for further information. Also reflects $12.3 million pretax charge relating to the Flowcrete decision to exit the Middle East.
[2] It is not practicable to obtain the information needed to disclose revenues attributable to each of our product lines.
[3] The presentation includes a reconciliation of Income (Loss) Before Income Taxes, a measure defined by Generally Accepted Accounting Principles (GAAP) in the United States, to EBIT.
[4] Interest (expense), net includes the combination of interest expense and investment expense (income), net.
[5] EBIT is a non-GAAP measure, and is defined as earnings (loss) before interest and taxes. We evaluate the profit performance of our segments based on income before income taxes, but also look to EBIT as a performance evaluation measure because interest expense is essentially related to acquisitions, as opposed to segment operations. We believe EBIT is useful to investors for this purpose as well, using EBIT as a metric in their investment decisions. EBIT should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with GAAP, since EBIT omits the impact of interest in determining operating performance, which represent items necessary to our continued operations, given our level of indebtedness. Nonetheless, EBIT is a key measure expected by and useful to our fixed income investors, rating agencies and the banking community, all of whom believe, and we concur, that this measure is critical to the capital markets' analysis of our segments' core operating performance. We also evaluate EBIT because it is clear that movements in EBIT impact our ability to attract financing. Our underwriters and bankers consistently require inclusion of this measure in offering memoranda in conjunction with any debt underwriting or bank financing. EBIT may not be indicative of our historical operating results, nor is it meant to be predictive of potential future results.