XML 70 R45.htm IDEA: XBRL DOCUMENT
v3.26.1

Acquisitions (Tables) | 12 Months Ended
--- | ---
May 31, 2026
Schedule of Unaudited Pro Forma Information | The unaudited pro forma information presented below is for informational purposes only and is not necessarily indicative of our consolidated results of operations of the combined business had the acquisitions occurred at the beginning of fiscal 2025 or of the results of our future operations of the combined business.
|  |  | Fiscal Year Ended May 31, |
|  |  | 2026 |  |  | 2025 |
Pro forma net sales |  |  | $ | 1,426,347 |  |  | $ | 1,321,100 |
Pro forma net earnings |  |  |  | 168,872 |  |  |  | 100,174 |
LSI |
Schedule of Acquisition of Intangible Assets | In connection with the acquisition of LSI, we identified and valued the following intangible assets:
|  |  |  |  |  | Useful Life
Category |  |  | Amount |  |  | (Years)
Customer relationships |  | $ | 70,600 |  |  | 12-20
Trade name |  |  | 21,100 |  |  | Indefinite
Technological know-how |  |  | 16,100 |  |  | 10
Non-compete agreement |  |  | 800 |  |  | 5
Total acquired identifiable assets |  | $ | 108,600 |  |  |
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, as of May 31, 2026, and the preliminary fair value assigned to the assets and liabilities assumed at the LSI acquisition date:
|  |  |  | Measurement |  |  |  |
| Preliminary |  |  | Period |  |  | Revised |
| Valuation |  |  | Adjustments |  |  | Valuation |
Cash and cash equivalents | $ | 398 |  |  | $ | - |  |  | $ | 398 |
Accounts receivable |  | 4,434 |  |  |  | (35 | ) |  |  | 4,399 |
Inventory |  | 9,871 |  |  |  | - |  |  |  | 9,871 |
Other current assets |  | 95 |  |  |  | - |  |  |  | 95 |
Property, plant and equipment |  | 8,941 |  |  |  | - |  |  |  | 8,941 |
Operating lease assets |  | 6,715 |  |  |  | - |  |  |  | 6,715 |
Intangible assets |  | 108,600 |  |  |  | - |  |  |  | 108,600 |
Total identifiable assets |  | 139,054 |  |  |  | (35 | ) |  |  | 139,019 |
Accounts payable |  | (1,668 | ) |  |  | - |  |  |  | (1,668 | )
Current operating lease liability |  | (177 | ) |  |  | - |  |  |  | (177 | )
Accrued expenses |  | (1,127 | ) |  |  | - |  |  |  | (1,127 | )
Noncurrent operating lease liability |  | (6,568 | ) |  |  | - |  |  |  | (6,568 | )
Net identifiable assets |  | 129,514 |  |  |  | (35 | ) |  |  | 129,479 |
Goodwill |  | 76,948 |  |  |  | 530 |  |  |  | 77,478 |
Total purchase price |  | 206,462 |  |  |  | 495 |  |  |  | 206,957 |
Less: estimated tax equalization payment |  | 3,000 |  |  |  | - |  |  |  | 3,000 |
Cash purchase price | $ | 203,462 |  |  | $ | 495 |  |  | $ | 203,957 |
Elgen |
Schedule of Acquisition of Intangible Assets | In connection with the acquisition of Elgen, we identified and valued the following intangible assets:
|  |  |  |  |  | Useful Life
Category |  |  | Amount |  |  | (Years)
Customer relationships |  | $ | 18,200 |  |  | 15
Trade name |  |  | 7,900 |  |  | 10
Patents |  |  | 7,000 |  |  | 10
Non-compete agreement |  |  | 1,700 |  |  | 5
Total acquired identifiable assets |  | $ | 34,800 |  |  |
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 and the final fair value assigned to the assets and liabilities assumed at the Elgen acquisition date.
|  |  |  | Measurement |  |  |  |
| Preliminary |  |  | Period |  |  | Final |
| Valuation |  |  | Adjustments |  |  | Valuation |
Cash and cash equivalents | $ | 1,093 |  |  | $ | - |  |  | $ | 1,093 |
Accounts receivable |  | 12,751 |  |  |  | 868 |  |  |  | 13,619 |
Inventory |  | 16,351 |  |  |  | (310 | ) |  |  | 16,041 |
Other current assets |  | 1,605 |  |  |  | (124 | ) |  |  | 1,481 |
Property, plant and equipment |  | 11,941 |  |  |  | (308 | ) |  |  | 11,633 |
Operating lease assets |  | 21,196 |  |  |  | 162 |  |  |  | 21,358 |
Intangible assets |  | 34,400 |  |  |  | 400 |  |  |  | 34,800 |
Total identifiable assets |  | 99,337 |  |  |  | 688 |  |  |  | 100,025 |
Accounts payable |  | (11,364 | ) |  |  | - |  |  |  | (11,364 | )
Current operating lease liability |  | (2,225 | ) |  |  | (17 | ) |  |  | (2,242 | )
Accrued expenses |  | (4,465 | ) |  |  | (1,125 | ) |  |  | (5,590 | )
Noncurrent operating lease liability |  | (19,041 | ) |  |  | (146 | ) |  |  | (19,187 | )
Deferred income taxes |  | (3,582 | ) |  |  | (1,510 | ) |  |  | (5,092 | )
Net identifiable assets |  | 58,660 |  |  |  | (2,110 | ) |  |  | 56,550 |
Goodwill |  | 33,617 |  |  |  | 1,660 |  |  |  | 35,277 |
Total purchase price | $ | 92,277 |  |  | $ | (450 | ) |  | $ | 91,827 |
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 |

X
- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired in business combination. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + 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 business combination. Includes, but is not limited to, recognized asset and liability. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-41 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -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_LSIMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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: |