Goodwill and Other Long-Lived Assets (Tables)
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12 Months Ended |
May 31, 2026 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Summary of Changes in Carrying Amount of Goodwill |
The following table summarizes the changes in the carrying amount of goodwill during the prior two fiscal years by reportable operating segment:
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Total |
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Building |
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Consumer |
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Reportable |
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Products |
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Products |
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Segments |
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Other |
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Total |
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Balance at May 31, 2024 |
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$ |
65,948 |
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$ |
265,647 |
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$ |
331,595 |
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$ |
- |
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$ |
331,595 |
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Acquisitions and purchase accounting adjustments(1) |
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41,639 |
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(237 |
) |
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41,402 |
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- |
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41,402 |
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Translation adjustments |
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3,483 |
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- |
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3,483 |
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- |
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3,483 |
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Balance at May 31, 2025 |
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$ |
111,070 |
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$ |
265,410 |
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$ |
376,480 |
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$ |
- |
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$ |
376,480 |
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Acquisitions and purchase accounting adjustments(1) |
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118,402 |
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- |
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118,402 |
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- |
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118,402 |
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Translation adjustments |
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5,902 |
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- |
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5,902 |
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- |
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5,902 |
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Balance at May 31, 2026 |
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$ |
235,374 |
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$ |
265,410 |
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$ |
500,784 |
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$ |
- |
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$ |
500,784 |
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(1)For additional information regarding our acquisitions, refer to “Note P – Acquisitions.”
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| Summary of Other Intangible Assets by Class |
The following table summarizes other intangible assets by class as of the end of the prior two fiscal years:
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2026 |
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2025 |
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Accumulated |
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Accumulated |
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Cost |
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Amortization |
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Cost |
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Amortization |
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Indefinite-lived intangible assets: |
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Trade names |
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$ |
105,081 |
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$ |
- |
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$ |
83,981 |
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$ |
- |
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Total indefinite-lived intangible assets |
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105,081 |
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- |
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83,981 |
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- |
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Definite-lived intangible assets: |
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Patents |
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$ |
7,000 |
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$ |
642 |
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$ |
- |
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$ |
- |
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Trade names |
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16,374 |
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2,535 |
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8,004 |
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923 |
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Customer relationships |
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242,200 |
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87,249 |
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149,188 |
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76,027 |
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Non-compete agreements |
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5,208 |
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3,073 |
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2,708 |
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2,708 |
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Technology know-how |
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53,842 |
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13,445 |
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35,404 |
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9,229 |
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Total definite-lived intangible assets |
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324,624 |
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106,944 |
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195,304 |
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88,887 |
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Total intangible assets |
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$ |
429,705 |
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$ |
106,944 |
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$ |
279,285 |
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$ |
88,887 |
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| Estimated Amortization Expense |
Amortization expense for each of the next five fiscal years is estimated to be:
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2027 |
$ |
20,618 |
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2028 |
$ |
20,284 |
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2029 |
$ |
20,284 |
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2030 |
$ |
20,284 |
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2031 |
$ |
19,913 |
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