XML 30 R54.htm IDEA: XBRL DOCUMENT v3.2.0.727
Goodwill and Other Long-Lived Assets - Additional Information (Detail) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Oct. 31, 2012
May. 31, 2015
Feb. 28, 2015
Nov. 30, 2014
Aug. 31, 2014
[1]
May. 31, 2014
Nov. 30, 2013
[1]
Aug. 31, 2013
May. 31, 2013
May. 31, 2015
May. 31, 2014
May. 31, 2013
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets   $ 2,344 [1] $ 81,600 [1] $ 14,235 [1] $ 1,950 $ 22,871 [1] $ 30,734 $ 4,641 [1]   $ 100,129 $ 58,246 $ 6,488
Expected future severance expense     2,400                  
Goodwill written-off                   44,933    
Goodwill   238,999       251,093     $ 213,858 238,999 251,093 213,858
Asset measured at fair value on nonrecurring basis   12,403       32,074       12,403 32,074  
Gain/loss on sale of assets                   2,338 (10,589)  
Amortization expense                   $ 20,422 17,386 10,467
Minimum                        
Goodwill And Other Intangible Assets [Line Items]                        
Definite-lived intangible assets, estimated useful lives                   1 year    
Maximum                        
Goodwill And Other Intangible Assets [Line Items]                        
Definite-lived intangible assets, estimated useful lives                   20 years    
Non Core Steel Processing Assets                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets                   $ 3,050    
Pressure Cylinders                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets $ 1,520             $ 1,570   11,911 32,005 6,488
Goodwill   226,761       200,509     163,274 226,761 200,509 163,274
Gain/loss on sale of assets $ 50                      
Worthington Nitin Cylinders                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets           18,959            
Impairment of long-lived assets                 4,968      
Worthington Nitin Cylinders | Noncontrolling Interest                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets           7,583            
Impairment of long-lived assets           7,583     1,987      
Long-lived Assets Held and Used                        
Goodwill And Other Intangible Assets [Line Items]                        
Asset measured at fair value on nonrecurring basis   $ 12,403 [2]       7,034 [3]       $ 12,403 [2] 7,034 [3]  
Long-lived Assets Held and Used | Worthington Nitin Cylinders                        
Goodwill And Other Intangible Assets [Line Items]                        
Asset measured at fair value on nonrecurring basis           $ 5,925     $ 6,856   $ 5,925 $ 6,856
Joint Venture Transactions | Worthington Nitin Cylinders                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets       6,346                
Percent of controlling interest by the Company   60.00%       60.00%       60.00% 60.00%  
Impairment of long-lived assets           $ 18,959            
Joint Venture Transactions | Long-lived Assets Held and Used | Worthington Nitin Cylinders                        
Goodwill And Other Intangible Assets [Line Items]                        
Asset measured at fair value on nonrecurring basis           5,925         $ 5,925  
Engineered Cabs                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets       2,389                
Goodwill written-off     44,933                  
Goodwill     0                  
Gain(loss)on sale of business     332                  
Engineered Cabs | Florence Facility                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets     14,311                  
Asset measured at fair value on nonrecurring basis     9,803                  
Engineered Cabs | Customer relationships                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets     22,356                  
Asset measured at fair value on nonrecurring basis     $ 2,000                  
Aluminum High Pressure Cylinder Business                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets       3,221   1,412            
Gain(loss)on sale of business                   $ (2,670)    
Aluminum High Pressure Cylinder Business | Long-lived Assets Held and Used                        
Goodwill And Other Intangible Assets [Line Items]                        
Asset measured at fair value on nonrecurring basis           7,034         7,034  
Military Construction Business                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets       $ 1,179                
CNG Fuel Systems Business                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets   $ 2,344                    
Zhejiang Nisshin Worthington Precision Specialty Steel Co                        
Goodwill And Other Intangible Assets [Line Items]                        
Impairment of long-lived assets           7,141            
Zhejiang Nisshin Worthington Precision Specialty Steel Co | Long-lived Assets Held and Used                        
Goodwill And Other Intangible Assets [Line Items]                        
Net asset           $ 19,115         $ 19,115  
[1] For additional information regarding the Company's impairment charges, refer to "Note C - Goodwill and Other Long-Lived Assets."
[2] During the fourth quarter of fiscal 2015, the Company determined that indicators of impairment were present with regard to intangible assets related to our CNG fuel systems joint venture, dHybrid. Recoverability of the identified asset group was tested using future cash flow projections based on management's long-range estimates of market conditions. The sum of these undiscounted future cash flows was less than the net book value of the asset group. In accordance with the applicable accounting guidance, the intangible assets were written down to their fair value of $600,000, resulting in an impairment charge of $2,344,000. The key assumptions that drove the fair value calculation were projected cash flows and the discount rate. During the third quarter of fiscal 2015, the Company concluded that an interim impairment test of the goodwill of its Engineered Cabs operating segment was necessary. Prior to conducting the goodwill impairment test, the Company first evaluated the other long-lived assets of the Engineered Cabs operating segment for recoverability. Recoverability was tested using future cash flow projections based on management's long-range estimates of market conditions. The sum of the undiscounted future cash flows for the customer relationship intangible asset and the property, plant and equipment of the Florence, South Carolina facility were less than their respective carrying values. As a result, these assets were written down to their respective fair values of $2,000,000 and $9,803,000. The fair value measurements are based on significant inputs not observable in the market and thus represent Level 3 measurements. The key assumptions that drove the fair value calculations were projected cash flows and the discount rate.
[3] During the fourth quarter of fiscal 2014, we determined that indicators of impairment were present at the Company's aluminum high-pressure cylinder business in New Albany, Mississippi, due to current and projected operating losses. Recoverability of the identified asset group was tested using future cash flow projections based on management's long-range estimates of market conditions. The sum of these undiscounted future cash flows was less than the net book value of the asset group. In accordance with the applicable accounting guidance, the net assets were written down to their fair value of $7,034,000, resulting in an impairment charge of $1,412,000 within impairment of long-lived assets in our fiscal 2014 consolidated statement of earnings. Market observable, Level 2 inputs are used to determine fair value.