Segment Operations (Tables)

9 Months Ended

Feb. 28, 2013

Financial Information for Reportable Segments

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

	Three Months Ended						Nine Months Ended
(in thousands)	February 28, 2013			February 29, 2012			February 28, 2013			February 29, 2012
Net sales
Steel Processing	$	349,569		$	367,259		$	1,068,854		$	1,148,894
Pressure Cylinders		205,206			187,737			606,936			533,283
Engineered Cabs		48,628			40,173			170,927			40,173
Other		16,124			16,086			61,647			56,944
Consolidated net sales	$	619,527		$	611,255		$	1,908,184		$	1,779,294
Operating income (loss)
Steel Processing	$	17,504		$	15,405		$	46,837		$	39,069
Pressure Cylinders		17,860			10,887			49,965			23,333
Engineered Cabs		108			(1,447	)		5,367			(1,447	)
Other		(2,066	)		(6,770	)		(6,523	)		(18,848	)
Consolidated operating income	$	33,406		$	18,075		$	95,646		$	42,107
Restructuring and other expense (income)
Steel Processing	$	-		$	-		$	-		$	-
Pressure Cylinders		177			-			183			-
Engineered Cabs		-			-			-			-
Other		(31	)		956			1,628			4,707
Consolidated restructuring and other expense	$	146		$	956		$	1,811		$	4,707
Impairment of long-lived assets
Steel Processing	$	-		$	-		$	-		$	-
Pressure Cylinders		-			-			1,520			-
Engineered Cabs		-			-			-			-
Other		-			-			-			-
Consolidated impairment of long-lived assets	$	-		$	-		$	1,520		$	-
Joint venture transactions
Steel Processing	$	-		$	-		$	-		$	-
Pressure Cylinders		-			-			-			-
Engineered Cabs		-			-			-			-
Other		253			1,812			(1,188	)		3,835
Consolidated joint venture transactions	$	253		$	1,812		$	(1,188	)	$	3,835

	February 28,		May 31,
(in thousands)	2013		2012
Total assets
Steel Processing	$	624,494	$	703,336
Pressure Cylinders		639,286		575,250
Engineered Cabs		202,489		199,594
Other		418,913		399,617
Consolidated total assets	$	1,885,182	$	1,877,797