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Impairment of Goodwill and Long-Lived Assets
6 Months Ended
Nov. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Impairment of Goodwill and Long-Lived Assets

NOTE D – Impairment of Goodwill and Long-Lived Assets

During the first quarter of fiscal 2019, changes in the facts and circumstances related to the planned sale of our cryogenics business in Turkey, Worthington Aritas, resulted in our lowering the estimate of fair value less cost to sell to $7,000,000 which generated an impairment charge of $2,381,000.  Fair value was determined using observable (Level 2) inputs.  

During the second quarter of fiscal 2019, we began to explore strategic alternatives related to the cryoscience business within Pressure Cylinders, which was considered to be an impairment indicator.  The required impairment test indicated that the current estimate of the undiscounted future cash flows exceeded the carrying amount of approximately $34,000,000.  However, it is reasonably possible any change in the estimated future cash flows may result in an impairment.