Revenue Recognition (Tables)

12 Months Ended

May 31, 2023

Disaggregation Of Revenue [Line Items]

Revenue by Product Class and Over Time

The following table summarizes net sales by product class for fiscal 2023, fiscal 2022 and fiscal 2021:

(In thousands)	2023		2022		2021
Steel Processing
Direct	$	3,357,115	$	3,788,289	$	1,927,418
Toll		140,781		144,732		131,979
Subtotal		3,497,896		3,933,021		2,059,397
Consumer Products		686,319		636,478		523,697
Building Products		586,059		541,757		402,038
Sustainable Energy Solutions		146,118		130,954		134,890
Other
Oil & Gas Equipment		-		-		20,950
Engineered Cabs		-		-		1,058
Other		-		9		29,399
Subtotal		-		9		51,407
Total	$	4,916,392	$	5,242,219	$	3,171,429

Summary of Unbilled Receivable and Contract Assets

The following table summarizes the unbilled receivables at the end of fiscal 2023 and fiscal 2022.

(In thousands)	Balance Sheet Classification	2023		2022
Unbilled receivables	Receivables	$	3,708	$	5,001

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 fiscal 2023, fiscal 2022 and fiscal 2021:

(In thousands)	2023		2022		2021
Steel Processing - toll	$	140,781	$	144,732	$	131,979
Other - certain oil & gas contracts		-		-		15,666
Total over time revenue	$	140,781	$	144,732	$	147,645