Segment Data (Tables)

12 Months Ended

May 31, 2022

Segment Reporting [Abstract]

Schedule of Equity Income from Unconsolidated Joint Ventures Included in the Measurement of Segment Profit

For the periods presented, equity income from our unconsolidated joint ventures is included in the measurement of segment profit as shown in the table below. The related investment balances are included in segment net assets in the same manner.

Unconsolidated Joint Ventures Included in Segment Profit
Steel Processing	Consumer Products	Building Products	Sustainable Energy Solutions	Other
Serviacero Worthington	N/A	WAVE	N/A	Workhorse
		ClarkDietrich		ArtiFlex

Financial Information for Reportable Segments

The following table presents summarized financial information for our reportable business segments as of, and for the periods indicated:

	Twelve Months Ended May 31, 2022
(in thousands)	Steel Processing			Consumer Products			Building Products			Sustainable Energy Solutions			Other			Consolidated
Net sales	$	3,933,021		$	636,478		$	541,757		$	130,954		$	9		$	5,242,219
Capital expenditures		35,898			13,375			31,064			6,445			7,818			94,600
Depreciation and amortization		55,771			10,919			18,112			6,554			7,471			98,827
Impairment of long-lived assets		3,076			-			-			-			-			3,076
Restructuring and other income, net		(14,480	)		-			(35	)		(143	)		(2,438	)		(17,096	)
Miscellaneous income (expense), net		862			(76	)		240			64			1,624			2,714
Equity in net income of unconsolidated affiliates		29,787			-			176,498			-			7,356			213,641
Adjusted earnings (loss) before interest and taxes (1)		203,272			94,302			216,608			(6,236	)		8,564			516,510

(1)Excludes the noncontrolling interest portion of impairment charges and restructuring income of $4,785.

	Twelve Months Ended May 31, 2021
(in thousands)	Steel Processing			Consumer Products			Building Products		Sustainable Energy Solutions		Other			Consolidated
Net sales	$	2,059,397		$	523,697		$	402,038	$	134,890	$	51,407		$	3,171,429
Capital expenditures		28,306			13,334			22,705		8,652		9,181			82,178
Depreciation and amortization		40,870			10,145			17,321		6,699		12,619			87,654
Impairment of long-lived assets		-			506			1,423		-		11,810			13,739
Restructuring and other expense, net		1,883			41			256		10,293		43,624			56,097
Incremental expenses related to Nikola gains		-			-			-		-		50,624			50,624
Miscellaneous income (expense), net		(371	)		(512	)		194		203		2,649			2,163
Equity in net income of unconsolidated affiliates		15,965			-			103,447		-		3,913			123,325
Adjusted earnings (loss) before interest and taxes (2)		208,175			74,936			117,904		4,961		(10,505	)		395,471

(2)Excludes the noncontrolling interest portion of restructuring expense of $295 and the gain on investment in Nikola of $655,102.

	Twelve Months Ended May 31, 2020
(in thousands)	Steel Processing		Consumer Products			Building Products		Sustainable Energy Solutions		Other			Consolidated
Net sales	$	1,859,670	$	449,337		$	383,372	$	122,113	$	244,627		$	3,059,119
Capital expenditures		40,588		8,069			17,931		13,794		15,121			95,503
Depreciation and amortization		40,819		9,189			18,318		5,596		18,756			92,678
Impairment of long-lived assets		1,839		-			3,800		-		77,051			82,690
Restructuring and other expense, net		3,501		846			651		-		5,050			10,048
Miscellaneous income (expense), net		6,082		(25	)		158		109		2,775			9,099
Equity in net income of unconsolidated affiliates		1,325		-			118,288		-		(4,765	)		114,848
Adjusted earnings (loss) before interest and taxes (3)(4)		39,695		65,408			104,531		5,024		(7,071	)		207,587

(3)Excludes the noncontrolling interest portion of impairment charges and restructuring expense of $1,913.

(4)Excludes the gain on the consolidation of Samuel of $6,055 as well as the gain on the sale of WAVE's international operations of $23,119 and the impairment of our investment in the Nisshin joint venture of $4,236, which were recorded in equity in net income of unconsolidated affiliates in our consolidated statements of earnings.

Total assets for each of our reportable segments as of the dates indicated were as follows:

	May 31,		May 31,
(in thousands)	2022		2021
Total assets
Steel Processing	$	2,082,522	$	1,359,598
Consumer Products		681,188		541,028
Building Products		577,026		555,561
Sustainable Energy Solutions		114,084		128,438
Other		188,203		788,620
Total assets	$	3,643,023	$	3,373,245

Net Sales by Geographic Region

The following table presents net sales by geographic region for the fiscal years ended May 31:

(in thousands)	2022		2021		2020
North America	$	4,937,396	$	2,956,962	$	2,912,777
International		304,823		214,467		146,342
Total	$	5,242,219	$	3,171,429	$	3,059,119

Property, Plant and Equipment, Net by Geographic Region

The following table presents property, plant and equipment, net, by geographic region as of May 31:

(in thousands)	2022		2021
North America	$	595,261	$	442,348
International		101,079		72,669
Total	$	696,340	$	515,017