Segment Operations

9 Months Ended

Feb. 29, 2012

Segment Operations [Abstract]

Segment Operations

NOTE L — Segment Operations

In connection with the acquisition of Angus, as more fully described in "NOTE M – Acquisitions," we established a new operating segment for internal reporting and management purposes. This new operating segment, Engineered Cabs, is considered a separate reportable segment.

Summarized financial information for our reportable segments is shown in the following table:

	Three Months Ended						Nine Months Ended
(in thousands)	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011
Net sales
Steel Processing	$	367,259		$	301,752		$	1,148,894		$	973,763
Pressure Cylinders		187,737			135,921			533,283			408,213
Engineered Cabs		40,173			—			40,173			—
Metal Framing		—			81,382			4,402			242,970
Other		16,086			50,384			52,542			141,985
Consolidated net sales	$	611,255		$	569,439		$	1,779,294		$	1,766,931
Operating income (loss)
Steel Processing	$	15,405		$	14,213		$	39,069		$	39,260
Pressure Cylinders		10,887			10,849			23,333			29,926
Engineered Cabs		(1,447	)		—			(1,447	)		—
Metal Framing		(2,053	)		2,723			(5,368	)		(7,890	)
Other		(4,717	)		236			(13,480	)		721
Consolidated operating income	$	18,075		$	28,021		$	42,107		$	62,017
Pre-tax restructuring and other expense (income)
Steel Processing	$	—		$	70		$	—		$	(303	)
Pressure Cylinders		—			—			—			—
Engineered Cabs		—			—			—			—
Metal Framing		—			411			—			1,387
Other		956			(17	)		4,707			368
Consolidated restructuring and other expense	$	956		$	464		$	4,707		$	1,452
Joint venture transactions
Steel Processing	$	—		$	—		$	—		$	—
Pressure Cylinders		—			—			—			—
Engineered Cabs		—			—			—			—
Metal Framing		1,812			—			3,835			—
Other		—			—			—			—
Consolidated joint venture transactions	$	1,812		$	—		$	3,835		$	—

(in thousands)	February 29, 2012		May 31, 2011
Total assets
Steel Processing	$	687,002	$	742,838
Pressure Cylinders		590,548		481,361
Engineered Cabs		196,466		—
Metal Framing		16,297		37,069
Other		369,057		405,981
Consolidated total assets	$	1,859,370	$	1,667,249