XML 61 R36.htm IDEA: XBRL DOCUMENT
v3.26.1

Investments in Unconsolidated Affiliates (Tables) | 12 Months Ended
--- | ---
May 31, 2026
Equity Method Investments and Joint Ventures [Abstract] |
Financial Information | The following table presents summarized information regarding the financial position of our unconsolidated affiliates accounted for using the equity method as of May 31:
|  |  |  |  | 2026 |  |  | 2025 |
WAVE |  |  |  |  |  |
Current assets |  | $ | 118,169 |  |  | $ | 119,776 |
Noncurrent assets |  |  | 82,698 |  |  |  | 90,546 |
Current liabilities |  |  | 27,444 |  |  |  | 27,204 |
Noncurrent liabilities |  |  | 381,004 |  |  |  | 387,302 |
Equity (deficit) |  |  | (207,581 | ) |  |  | (204,184 | )
ClarkDietrich |  |  |  |  |  |
Current assets |  | $ | 386,619 |  |  | $ | 377,854 |
Noncurrent assets |  |  | 203,011 |  |  |  | 192,636 |
Current liabilities |  |  | 181,165 |  |  |  | 165,484 |
Noncurrent liabilities |  |  | 36,374 |  |  |  | 39,963 |
Equity |  |  | 372,091 |  |  |  | 365,042 |
Other |  |  |  |  |  |
Current assets |  | $ | 96,667 |  |  | $ | 110,518 |
Noncurrent assets |  |  | 87,527 |  |  |  | 102,097 |
Current liabilities |  |  | 61,166 |  |  |  | 52,147 |
Noncurrent liabilities |  |  | 66,023 |  |  |  | 65,593 |
Equity |  |  | 57,005 |  |  |  | 94,875 |
The following table presents summarized financial information for our unconsolidated affiliates for the fiscal years ended May 31:
|  | 2026 |  |  | 2025 |  |  | 2024 |
WAVE |  |  |  |  |  |  |  |  |
Net sales |  | $ | 518,903 |  |  | $ | 496,355 |  |  | $ | 479,153 |
Gross profit |  |  | 314,291 |  |  |  | 300,881 |  |  |  | 286,228 |
Operating income |  |  | 250,608 |  |  |  | 238,139 |  |  |  | 225,202 |
Depreciation and amortization |  |  | 5,527 |  |  |  | 5,436 |  |  |  | 4,926 |
Interest expense, net |  |  | 15,414 |  |  |  | 16,821 |  |  |  | 17,288 |
Income tax expense |  |  | 312 |  |  |  | 341 |  |  |  | 267 |
Net earnings |  |  | 235,584 |  |  |  | 221,487 |  |  |  | 205,976 |
ClarkDietrich |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,160,669 |  |  | $ | 1,167,689 |  |  | $ | 1,308,517 |
Gross profit |  |  | 180,593 |  |  |  | 243,556 |  |  |  | 326,616 |
Operating income |  |  | 86,401 |  |  |  | 157,375 |  |  |  | 236,575 |
Depreciation and amortization |  |  | 19,324 |  |  |  | 16,002 |  |  |  | 15,075 |
Interest (income) expense, net |  |  | (185 | ) |  |  | (93 | ) |  |  | 171 |
Income tax (benefit) expense |  |  | (104 | ) |  |  | 1,265 |  |  |  | 2,250 |
Net earnings |  |  | 87,506 |  |  |  | 163,182 |  |  |  | 239,309 |
Other |  |  |  |  |  |  |  |  |
Net sales |  | $ | 280,198 |  |  | $ | 329,651 |  |  | $ | 317,185 |
Gross profit |  |  | 21,680 |  |  |  | 24,745 |  |  |  | 36,648 |
Operating (loss) income |  |  | (8,404 | ) |  |  | (6,249 | ) |  |  | 26,881 |
Depreciation and amortization |  |  | 8,865 |  |  |  | 9,902 |  |  |  | 8,974 |
Interest expense, net |  |  | 946 |  |  |  | 1,041 |  |  |  | 2,417 |
Income tax expense |  |  | 395 |  |  |  | 132 |  |  |  | 744 |
Net (loss) earnings |  |  | (10,185 | ) |  |  | (5,539 | ) |  |  | 22,952 |

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration