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Changes in Equity - Summary of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2022
Nov. 30, 2021
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance $ 1,646,972 $ 1,606,632 $ 1,613,962 $ 1,551,695
Income tax effect 1,876 15,326 4,306 14,868
Balance 1,639,292 1,633,091 1,639,292 1,633,091
Foreign Currency Translation        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance     (15,310) 1,779
Other comprehensive income (loss) before reclassifications     (8,970) (8,124)
Income tax effect     (273) (723)
Balance (24,553) (7,068) (24,553) (7,068)
Pension Liability Adjustment        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance     (6,244) (15,955)
Other comprehensive income (loss) before reclassifications     (1,034)  
Reclassification adjustments to net earnings [1]     4,774  
Income tax effect     (883)  
Balance (3,387) (15,955) (3,387) (15,955)
Cash Flow Hedges        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance     (1,296) 59,563
Other comprehensive income (loss) before reclassifications     (36,041) 14,279
Reclassification adjustments to net earnings [1]     13,279 (83,155)
Income tax effect     5,462 15,591
Balance (18,596) 6,278 (18,596) 6,278
Accumulated Other Comprehensive Income (Loss), Net of Tax        
Accumulated Other Comprehensive Income Loss [Line Items]        
Balance (43,312) 41,113 (22,850) 45,387
Other comprehensive income (loss) before reclassifications     (46,045) 6,155
Reclassification adjustments to net earnings [1]     18,053 (83,155)
Income tax effect     4,306 14,868
Balance $ (46,536) $ (16,745) $ (46,536) $ (16,745)
[1] The statement of earnings classification of amounts reclassified to net earnings include:
1.
Pension liability adjustment – During August 2022, we purchased (using pension plan assets) an annuity contract from a third-party insurance company to transfer approximately 31% of the total projected benefit obligation of The Gerstenslager Company Bargaining Unit Employees’ Pension Plan as of the purchase date. As a result of this transaction: 1) we incurred a non-cash settlement charge of $4,774,000 within “Miscellaneous income (expense), net”; 2) we were relieved of all responsibility for these pension obligations; and 3) the insurance company is now required to pay and administer the retirement benefits owed to 220 beneficiaries; and
2.
Cash flow hedges – disclosed in “Note Q – Derivative Financial Instruments and Hedging Activities”.