XML 138 R65.htm IDEA: XBRL DOCUMENT v3.21.2
Goodwill and Other Long-Lived Assets - Additional Information (Detail) - USD ($)
3 Months Ended 12 Months Ended
Feb. 29, 2020
Feb. 12, 2020
Nov. 30, 2020
[1]
Aug. 31, 2020
May 31, 2020
Feb. 29, 2020
Aug. 31, 2019
May 31, 2019
Aug. 31, 2018
May 31, 2021
May 31, 2020
May 31, 2019
Jun. 01, 2019
Goodwill And Other Intangible Assets [Line Items]                          
Amortization expense                   $ 12,257,000 $ 12,870,000 $ 15,286,000  
Fixed asset net book value   $ 14,274,000                      
Intangible assets net book value   6,577,000                      
Impairment of long lived assets to be disposed of           $ 4,679,000              
Impairment of goodwill and long-lived assets     $ 3,815,000 $ 9,924,000 [1] $ 7,462,000 [1] 34,627,000 [1] $ 40,601,000 [1]     13,739,000 82,690,000 7,817,000  
Impairment of ROU assets         565,000   4,843,000            
Fixed asset net book value   14,274,000                      
Intangible assets with net book value   $ 6,577,000                      
Impairment of goodwill [2]                     22,097,000    
Operating lease assets         31,557,000         35,101,000 31,557,000   $ 42,200,000
Worthington Aritas                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of goodwill and long-lived assets                 $ 2,381,000        
Oil and Gas Equipment                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of goodwill                     22,097,000    
Cryogenics                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of long lived assets to be disposed of                   3,662,000      
Impairment of goodwill and long-lived assets                   4,333,000      
Jefferson                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of goodwill and long-lived assets                   1,423,000      
Superior Tools                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of goodwill and long-lived assets                   506,000      
TWB Hermosillo                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of ROU assets         565,000           565,000    
Packing Solutions Business                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of goodwill and long-lived assets                     2,544,000    
Canton                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of goodwill and long-lived assets               $ 3,269,000          
Engineered Cabs                          
Goodwill And Other Intangible Assets [Line Items]                          
Fixed asset net book value       1,469,000                  
Impairment of long lived assets to be disposed of             $ 35,194,000            
Fixed asset net book value       1,469,000                  
Engineered Cabs | Stow, Ohio                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of ROU assets       905,000                  
Engineered Cabs | Greensburg, Indiana                          
Goodwill And Other Intangible Assets [Line Items]                          
Operating lease assets       3,938,000                  
CNG Fuel Systems                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of goodwill and long-lived assets               2,167,000          
Fair Value, Inputs, Level 2 | Canton                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets $ 700,000         $ 700,000              
Pressure Cylinders                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of goodwill and long-lived assets                     3,800,000    
Fair Value, Nonrecurring                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets         26,984,000         400,000 26,984,000    
Fair Value, Nonrecurring | Worthington Aritas                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets                 $ 7,000,000        
Fair Value, Nonrecurring | Fair Value, Inputs, Level 2                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets         10,561,000         400,000 10,561,000    
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets         16,423,000           16,423,000    
Long Lived Assets Held And Used                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets         2,800,000           2,800,000    
Long Lived Assets Held And Used | Jefferson                          
Goodwill And Other Intangible Assets [Line Items]                          
Carrying value long-lived assets                   1,823,000      
Long Lived Assets Held And Used | Packing Solutions Business                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets         266,000           266,000    
Carrying value long-lived assets         2,810,000           2,810,000    
Long Lived Assets Held And Used | Canton                          
Goodwill And Other Intangible Assets [Line Items]                          
Carrying value long-lived assets               4,269,000          
Long Lived Assets Held And Used | CNG Fuel Systems                          
Goodwill And Other Intangible Assets [Line Items]                          
Carrying value long-lived assets               2,405,000       2,405,000  
Long Lived Assets Held And Used | Fair Value, Inputs, Level 2 | Cryogenics                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets                   9,193,000      
Carrying value long-lived assets                   13,526,000      
Long Lived Assets Held And Used | Fair Value, Inputs, Level 2 | Canton                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets         7,813,000           7,813,000    
Impairment of long lived assets to be disposed of $ 1,274,000                        
Long Lived Assets Held And Used | Pressure Cylinders                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets         6,600,000           6,600,000    
Long Lived Assets Held And Used | Fair Value, Nonrecurring                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets [3],[4],[5],[6],[7],[8]         9,277,000           9,277,000    
Long Lived Assets Held And Used | Fair Value, Nonrecurring | Jefferson                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets                   400,000      
Long Lived Assets Held And Used | Fair Value, Nonrecurring | Packing Solutions Business                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets         266,000           266,000    
Carrying value long-lived assets         2,810,000           2,810,000    
Long Lived Assets Held And Used | Fair Value, Nonrecurring | Canton                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets               1,000,000       1,000,000  
Long Lived Assets Held And Used | Fair Value, Nonrecurring | Engineered Cabs                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets       12,860,000                  
Impairment of long lived assets to be disposed of       $ 35,194,000                  
Long Lived Assets Held And Used | Fair Value, Nonrecurring | CNG Fuel Systems                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets               $ 238,000       $ 238,000  
Long Lived Assets Held And Used | Fair Value, Nonrecurring | Fair Value, Inputs, Level 2                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets [3],[4],[5],[6],[7],[8]         6,477,000           6,477,000    
Long Lived Assets Held And Used | Fair Value, Nonrecurring | Fair Value, Inputs, Level 3                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets [3],[4],[5],[6],[7],[8]         $ 2,800,000           $ 2,800,000    
Long Lived Assets Held And Used | Fair Value, Nonrecurring | Oil and Gas Properties                          
Goodwill And Other Intangible Assets [Line Items]                          
Fixed asset net book value                   7,375,000      
Intangible assets net book value                   2,374,000      
Impairment of long lived assets to be disposed of                   1,441,000      
Fixed asset net book value                   7,375,000      
Intangible assets with net book value                   2,374,000      
Long Lived Assets Held And Used | Fair Value, Nonrecurring | Oil and Gas Properties | Fair Value, Inputs, Level 2                          
Goodwill And Other Intangible Assets [Line Items]                          
Fair market value of assets                   5,934,000      
Long Lived Assets Held And Used | Fair Value, Nonrecurring | Oil and Gas Properties | Fair Value, Inputs, Level 3                          
Goodwill And Other Intangible Assets [Line Items]                          
Impairment of long lived assets to be disposed of                   $ 2,374,000      
Minimum [Member]                          
Goodwill And Other Intangible Assets [Line Items]                          
Definite-lived intangible assets, estimated useful lives                   10 years      
Maximum                          
Goodwill And Other Intangible Assets [Line Items]                          
Definite-lived intangible assets, estimated useful lives                   20 years      
[1]

For additional information regarding the Company’s impairment activity, refer to “Note E – Goodwill and Other Long-Lived Assets.”

[2] Fiscal 2020 impairment losses included $22,097,000 of goodwill impairment related to the oil & gas equipment reporting unit.
[3]

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.

[4]

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.

[5]

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.

[6]

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.

[7] 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.
[8] 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.