Revenue Recognition (Tables)

17 Months Ended

May 31, 2022

Disaggregation Of Revenue [Line Items]

Revenue by Product Class and Over Time

The following table summarizes net sales by product class for the fiscal years ended May 31:

	Fiscal Year Ended May 31,
(in thousands)	2022		2021		2020
Steel Processing
Direct	$	3,788,289	$	1,927,418	$	1,729,972
Toll		144,732		131,979		129,698
Total		3,933,021		2,059,397		1,859,670
Consumer Products		636,478		523,697		449,337
Building Products		541,757		402,038		383,372
Sustainable Energy Solutions		130,954		134,890		122,113
Other
Oil & Gas Equipment		-		20,950		111,891
Engineered Cabs		-		1,058		50,954
Other		9		29,399		81,782
Total		9		51,407		244,627
Total	$	5,242,219	$	3,171,429	$	3,059,119

Summary of Unbilled Receivable and Contract Assets

The following table summarizes the unbilled receivables and contract assets at the dates indicated:

		May 31,
(in thousands)	Balance Sheet Classification	2022		2021
Unbilled receivables	Receivables	$	5,001	$	5,317

Over time revenue

Disaggregation Of Revenue [Line Items]

Revenue by Product Class and Over Time

The following table summarizes the revenue that has been recognized over time for the fiscal years ended May 31:

	Fiscal Year Ended May 31,
(in thousands)	2022		2021		2020
Steel Processing - toll	$	144,732	$	131,979	$	129,698
Other - certain oil & gas contracts		-		15,666		100,774
Total over time revenue	$	144,732	$	147,645	$	230,472