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v3.25.2

Comprehensive Income (Loss) (Tables) | 12 Months Ended
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May 31, 2025
Equity [Abstract] |
Summary of Tax Effects of Each Component of 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 | )
Components of Changes in 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.

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