Segment Operations (Tables)

3 Months Ended

Aug. 31, 2013

Financial Information for Reportable Segments

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

	Three Months Ended August 31,
(in thousands)	2013			2012
Net sales
Steel Processing	$	402,441		$	385,013
Pressure Cylinders		216,900			194,236
Engineered Cabs		48,461			64,495
Other		24,489			22,291
Consolidated net sales	$	692,291		$	666,035
Operating income (loss)
Steel Processing	$	22,663		$	16,659
Pressure Cylinders		19,454			15,026
Engineered Cabs		(304	)		4,694
Other		(3,175	)		(2,961	)
Consolidated operating income	$	38,638		$	33,418
Restructuring and other expense (income)
Steel Processing	$	(4,762	)	$	-
Pressure Cylinders		402			6
Engineered Cabs		-			-
Other		363			397
Consolidated restructuring and other expense (income)	$	(3,997	)	$	403
Impairment of long-lived assets
Steel Processing	$	4,641		$	-
Pressure Cylinders		-			1,570
Engineered Cabs		-			-
Other		-			-
Consolidated impairment of long-lived assets	$	4,641		$	1,570
Joint venture transactions
Steel Processing	$	-		$	-
Pressure Cylinders		-			-
Engineered Cabs		-			-
Other		142			(1,162	)
Consolidated joint venture transactions	$	142		$	(1,162	)

	August 31,		May 31,
(in thousands)	2013		2013
Total assets
Steel Processing	$	843,385	$	610,464
Pressure Cylinders		718,791		742,686
Engineered Cabs		200,815		201,048
Other		330,069		396,659
Consolidated total assets	$	2,093,060	$	1,950,857