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v3.25.2

Comprehensive Income (Loss) | 12 Months Ended
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May 31, 2025
Equity [Abstract] |
Comprehensive Income (Loss) | OCI: The following table summarizes the tax effects of each component of OCI for the prior three fiscal years:
| 2025 |  |  | 2024 |  |  | 2023 |
| Before- Tax |  |  | Tax |  |  | Net-of- Tax |  |  | Before- Tax |  |  | Tax |  |  | Net-of- Tax |  |  | Before- Tax |  |  | Tax |  |  | Net-of- Tax |
Foreign currency translation | $ | 2,297 |  |  | $ | 953 |  |  | $ | 3,250 |  |  | $ | 10,578 |  |  | $ | 2 |  |  | $ | 10,580 |  |  | $ | (6,774 | ) |  | $ | (39 | ) |  | $ | (6,813 | )
Pension liability adjustment |  | (83 | ) |  |  | 159 |  |  |  | 76 |  |  |  | 9,603 |  |  |  | (2,330 | ) |  |  | 7,273 |  |  |  | 5,915 |  |  |  | (1,401 | ) |  |  | 4,514 |
Cash flow hedges |  | 298 |  |  |  | (28 | ) |  |  | 270 |  |  |  | 8,545 |  |  |  | (2,048 | ) |  |  | 6,497 |  |  |  | 2,585 |  |  |  | (615 | ) |  |  | 1,970 |
OCI | $ | 2,512 |  |  | $ | 1,084 |  |  | $ | 3,596 |  |  | $ | 28,726 |  |  | $ | (4,376 | ) |  | $ | 24,350 |  |  | $ | 1,726 |  |  | $ | (2,055 | ) |  | $ | (329 | )
AOCI: The components of the changes in AOCI at the end of the prior two fiscal years were as follows:
| Foreign |  |  | Pension |  |  | Cash |  |  |  |
| Currency |  |  | Liability |  |  | Flow |  |  |  |
| Translation |  |  | Adjustment |  |  | Hedges |  |  | AOCI |
Balance at May 31, 2023 | $ | (22,123 | ) |  | $ | (1,730 | ) |  | $ | 674 |  |  | $ | (23,179 | )
OCI before reclassifications |  | 1,987 |  |  |  | 419 |  |  |  | 14,721 |  |  |  | 17,127 |
Reclassification adjustments to income (1)(2) |  | 8,591 |  |  |  | 9,184 |  |  |  | (6,176 | ) |  |  | 11,599 |
Income tax effect |  | 2 |  |  |  | (2,330 | ) |  |  | (2,048 | ) |  |  | (4,376 | )
Separation of Worthington Steel |  | 10,874 |  |  |  | (5,984 | ) |  |  | (5,607 | ) |  |  | (717 | )
Balance at May 31, 2024 | $ | (669 | ) |  | $ | (441 | ) |  | $ | 1,564 |  |  | $ | 454 |
OCI before reclassifications |  | 2,297 |  |  |  | (83 | ) |  |  | 689 |  |  |  | 2,903 |
Reclassification adjustments to income (1) |  | - |  |  |  | - |  |  |  | (391 | ) |  |  | (391 | )
Income tax effect |  | 953 |  |  |  | 159 |  |  |  | (28 | ) |  |  | 1,084 |
Balance at May 31, 2025 | $ | 2,581 |  |  | $ | (365 | ) |  | $ | 1,834 |  |  | $ | 4,050 |
(1) Cash flow hedges – disclosed in “Note Q – Derivative Instruments and Hedging Activities.” (2) Reflects the following pension liability adjustments: • The acceleration of deferred pension costs in AOCI related to separate pension lift-out transactions completed in February 2024 to transfer the pension benefit obligation under the Gerstenslager Plan to third-party insurance companies. Refer to “Note L – Employee Retirement Plans.” • The settlement of certain participant balances within the pension plan maintained by WAVE during fiscal 2024. The estimated net amount of the gains recognized in AOCI at May 31, 2025, expected to be reclassified into net earnings within the succeeding twelve months is $849 (net of tax of $248). This amount was computed using the fair value of the cash flow hedges at May 31, 2025, and will change before actual reclassification from OCI to net earnings during fiscal 2026.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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