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Fair Value Measurements - Assets Measured at Fair Value on Non-Recurring Basis (Detail) - USD ($)
$ in Thousands
May 31, 2021
May 31, 2020
Long Lived Assets Held And Used    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis   $ 2,800
Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis $ 400 26,984
Fair Value, Nonrecurring | Long Lived Assets Held For Sale    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis 400 [1] 4,084 [2],[3]
Fair Value, Nonrecurring | Investments In Unconsolidated Affiliate    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis [4],[5]   13,623
Fair Value, Nonrecurring | Long Lived Assets Held And Used    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis [6],[7],[8],[9],[10],[11]   9,277
Fair Value, Nonrecurring | Fair Value, Inputs, Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis 400 10,561
Fair Value, Nonrecurring | Fair Value, Inputs, Level 2 | Long Lived Assets Held For Sale    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis $ 400 [1] 4,084 [2],[3]
Fair Value, Nonrecurring | Fair Value, Inputs, Level 2 | Long Lived Assets Held And Used    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis [6],[7],[8],[9],[10],[11]   6,477
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis   16,423
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3 | Investments In Unconsolidated Affiliate    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis [4],[5]   13,623
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3 | Long Lived Assets Held And Used    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset measured at fair value on non-recurring basis [6],[7],[8],[9],[10],[11]   $ 2,800
[1] Comprised of our alternative fuel cylinders assets at the Jefferson, Ohio facility with an estimated fair market value of $400,000. Refer to “Note E – Goodwill and Other Long-Lived Assets” for additional information.
[2]

During the third quarter of fiscal 2020, in connection with the closure of the oil & gas equipment operations in Wooster, Ohio, fixed assets consisting of land and a building were written down to their estimated fair market value of $3,384,000.

[3] During the third quarter of fiscal 2020, the Company’s consolidated joint venture, WSP committed to a plan to sell its Canton, Michigan facility and some of the production equipment at that facility.  In accordance with the applicable accounting guidance, certain production equipment was recorded at the lower of net book value or fair market value less costs to sell.  The book value of the WSP production equipment exceeded the estimated fair market value of $700,000, resulting in an impairment charge of $1,274,000.
[4]

On November 1, 2019, we contributed substantially all of the net assets of our former Engineered Cabs business to a newly-formed Cabs joint venture, in exchange for a 20% noncontrolling ownership interest.  In accordance with the applicable accounting guidance, our noncontrolling ownership interest in the Cabs joint venture was recorded at its acquisition date fair value of $13,623,000.

[5] During the first quarter of fiscal 2020, we determined our 10% minority ownership interest in our Nisshin joint venture was fully impaired based on the estimated recoverability of the related assets.
[6]

During the fourth quarter of fiscal 2020, the Company identified an impairment indicator related to the TWB Hermosillo facility operating lease due to the economic impact of COVID-19.  As a result, the lease ROU asset with a net book value of $565,000 was deemed fully impaired and written off.

[7]

During the third quarter of fiscal 2020, the Company identified an impairment indicator for our oil & gas equipment business and performed an interim impairment test of the reporting unit.  In accordance with the applicable accounting guidance, the book value of the corresponding goodwill was written off, resulting in an impairment charge of $22,097,000.

[8]

In May 2020, the Company committed to a plan to shut down the packaging solutions business in Greensburg, Indiana.  As a result, long-lived assets with a carrying value of $2,810,000 were written down to their estimated fair market value of $266,000.

[9]

During the fourth quarter of 2020, in connection with the annual indefinite lived assets impairment test, certain European tradenames were written down to their estimated fair market value of $2,800,000.

[10] During the first quarter of fiscal 2020, the Company identified an impairment indicator for the fabricated products business in Stow, Ohio within the former Engineered Cabs operating segment.  As a result, fixed assets with a net book value of $1,469,000 and lease ROU assets with a net book value of $3,938,000 were deemed to be fully impaired and written off.
[11] During the third quarter of fiscal 2020, in connection with the closure of the oil & gas equipment operations in Wooster, Ohio, customer list intangible assets were determined to be fully impaired and written off.  In addition, the remaining fixed assets at Wooster, Ohio were written down to their estimated fair market value of $6,211,000.