XML 73 R46.htm IDEA: XBRL DOCUMENT
v3.25.2

Acquisitions (Tables) | 12 Months Ended
--- | ---
May 31, 2025
Ragasco |
Schedule of Acquisition of Intangible Assets | In connection with the acquisition of Ragasco, we identified and valued the following intangible assets:
|  |  |  |  |  |  | Useful Life
Category |  |  |  | Amount |  |  | (Years)
Trade name |  | $ | 4,379 |  |  | 10
Technological know-how |  |  | 14,659 |  |  | 10
Customer relationships |  |  | 12,660 |  |  | 15
Total acquired identifiable intangible assets |  | $ | 31,698 |  |  |
Schedule of Consideration Transferred for the Assets and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed |
|  |  |  |  | Measurement |  |  |  |
|  | Preliminary |  |  | Period |  |  | Final |
|  | Valuation |  |  | Adjustments |  |  | Valuation |
Cash and cash equivalents |  | $ | 1,925 |  |  | $ | - |  |  | $ | 1,925 |
Accounts receivable |  |  | 8,554 |  |  |  | - |  |  |  | 8,554 |
Inventory |  |  | 16,403 |  |  |  | - |  |  |  | 16,403 |
Other current assets |  |  | 990 |  |  |  | - |  |  |  | 990 |
Property, plant and equipment |  |  | 27,325 |  |  |  | - |  |  |  | 27,325 |
Operating lease assets |  |  | 8,834 |  |  |  | - |  |  |  | 8,834 |
Deferred income taxes |  |  | 365 |  |  |  | - |  |  |  | 365 |
Intangible assets |  |  | 32,840 |  |  |  | (1,142 | ) |  |  | 31,698 |
Total identifiable assets |  |  | 97,236 |  |  |  | (1,142 | ) |  |  | 96,094 |
Accounts payable |  |  | (4,885 | ) |  |  | - |  |  |  | (4,885 | )
Current operating lease liability |  |  | (980 | ) |  |  | - |  |  |  | (980 | )
Accrued expenses |  |  | (6,344 | ) |  |  | - |  |  |  | (6,344 | )
Noncurrent operating lease liability |  |  | (7,886 | ) |  |  | - |  |  |  | (7,886 | )
Deferred income taxes |  |  | (9,226 | ) |  |  | 251 |  |  |  | (8,975 | )
Other liabilities |  |  | (100 | ) |  |  | - |  |  |  | (100 | )
Net identifiable assets |  |  | 67,815 |  |  |  | (891 | ) |  |  | 66,924 |
Goodwill |  |  | 40,748 |  |  |  | 891 |  |  |  | 41,639 |
Purchase price |  | $ | 108,563 |  |  | $ | - |  |  | $ | 108,563 |
WH Products |
Schedule of Acquisition of Intangible Assets | In connection with the acquisition of Halo, we identified and valued the following intangible assets:
|  |  |  |  |  |  | Useful Life
Category |  |  |  | Amount |  |  | (Years)
Trade name |  |  |  | $ | 3,500 |  |  | 10
Product design/know-how |  |  |  |  | 800 |  |  | 8
Customer relationships |  |  |  |  | 200 |  |  | 8
Total acquired identifiable intangible assets |  |  |  | $ | 4,500 |  |  |
Schedule of Consideration Transferred for the Assets and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed |
|  |  |  |  | Measurement |  |  |  |
|  | Preliminary |  |  | Period |  |  | Final |
|  | Valuation |  |  | Adjustments |  |  | Valuation |
Cash |  | $ | 73 |  |  | $ | - |  |  | $ | 73 |
Accounts receivable |  |  | 255 |  |  |  | - |  |  |  | 255 |
Inventories |  |  | 5,511 |  |  |  | 269 |  |  |  | 5,780 |
Property, plant and equipment |  |  | 1,732 |  |  |  | - |  |  |  | 1,732 |
Intangible assets |  |  | 4,500 |  |  |  | - |  |  |  | 4,500 |
Total identifiable assets |  |  | 12,071 |  |  |  | 269 |  |  |  | 12,340 |
Accounts payable |  |  | (7,363 | ) |  |  | 17 |  |  |  | (7,346 | )
Other accrued items |  |  | (1,099 | ) |  |  | - |  |  |  | (1,099 | )
Net identifiable assets |  |  | 3,609 |  |  |  | 286 |  |  |  | 3,895 |
Goodwill |  |  | 8,302 |  |  |  | (212 | ) |  |  | 8,090 |
Net assets |  |  | 11,911 |  |  |  | 74 |  |  |  | 11,985 |
Noncontrolling interest |  |  | (2,392 | ) |  |  | (5 | ) |  |  | (2,397 | )
Total cash consideration |  | $ | 9,519 |  |  | $ | 69 |  |  | $ | 9,588 |
Level5 Tools, LLC |
Schedule of Acquisition of Intangible Assets | In connection with the acquisition of Level5, we identified and valued the following intangible assets:
Category |  | Amount |  |  | Useful Life (Years)
Trade name |  | $ | 13,500 |  |  | Indefinite
Customer relationships |  |  | 13,300 |  |  | 10
Technological know-how |  |  | 6,500 |  |  | 20
Non-compete agreement |  |  | 280 |  |  | 3
Total acquired identifiable intangible assets |  | $ | 33,580 |  |  |
Schedule of Consideration Transferred for the Assets and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid the final fair value assigned to the assets and liabilities assumed at the acquisition date:
|  |  |  |  | Measurement |  |  |  |
|  | Preliminary |  |  | Period |  |  | Final |
|  | Valuation |  |  | Adjustments |  |  | Valuation |
Cash and cash equivalents |  | $ | 1,515 |  |  | $ | - |  |  | $ | 1,515 |
Accounts receivable |  |  | 2,860 |  |  |  | - |  |  |  | 2,860 |
Inventories |  |  | 9,161 |  |  |  | - |  |  |  | 9,161 |
Prepaid expenses |  |  | 64 |  |  |  | - |  |  |  | 64 |
Property, plant and equipment |  |  | 273 |  |  |  | - |  |  |  | 273 |
Intangible assets |  |  | 33,580 |  |  |  | - |  |  |  | 33,580 |
Operating lease assets |  |  | 377 |  |  |  | - |  |  |  | 377 |
Total identifiable assets |  |  | 47,830 |  |  |  | - |  |  |  | 47,830 |
Accounts payable |  |  | (3,175 | ) |  |  | - |  |  |  | (3,175 | )
Accrued expenses |  |  | (904 | ) |  |  | 151 |  |  |  | (753 | )
Current operating lease liabilities |  |  | (111 | ) |  |  | - |  |  |  | (111 | )
Noncurrent operating lease liabilities |  |  | (266 | ) |  |  | - |  |  |  | (266 | )
Net identifiable assets |  |  | 43,374 |  |  |  | 151 |  |  |  | 43,525 |
Goodwill |  |  | 15,947 |  |  |  | - |  |  |  | 15,947 |
Total purchase price |  |  | 59,321 |  |  |  | 151 |  |  |  | 59,472 |
Less: Fair value of earnout |  |  | (2,000 | ) |  |  | - |  |  |  | (2,000 | )
Plus: Net working capital deficit |  |  | 282 |  |  |  | (151 | ) |  |  | 131 |
Cash purchase price |  | $ | 57,603 |  |  | $ | - |  |  | $ | 57,603 |

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=wor_RagascoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=wor_WhProductsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=wor_Level5ToolsLlcMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |