Segment Operations (Tables)

9 Months Ended

Feb. 28, 2014

Financial Information for Reportable Segments

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

	Three Months Ended February 28,						Nine Months Ended February 28,
(in thousands)	2014			2013			2014			2013
Net sales
Steel Processing	$	477,983		$	353,879		$	1,372,558		$	1,082,998
Pressure Cylinders		233,290			205,206			664,212			606,936
Engineered Cabs		51,485			48,628			147,814			170,927
Other		10,472			11,814			50,837			47,323
Consolidated net sales	$	773,230		$	619,527		$	2,235,421		$	1,908,184
Operating income (loss)
Steel Processing	$	28,264		$	17,701		$	85,713		$	48,166
Pressure Cylinders		21,278			17,860			49,007			49,965
Engineered Cabs		(1,088	)		108			(22,284	)		5,367
Other		(3,165	)		(2,263	)		(9,010	)		(7,852	)
Consolidated operating income	$	45,289		$	33,406		$	103,426		$	95,646
Restructuring and other expense (income)
Steel Processing	$	1,380		$	-		$	(3,382	)	$	-
Pressure Cylinders		412			177			(1,035	)		183
Engineered Cabs		-			-			-			-
Other		(394	)		(31	)		636			1,628
Consolidated restructuring and other expense (income)	$	1,398		$	146		$	(3,781	)	$	1,811
Impairment of long-lived assets
Steel Processing	$	-		$	-		$	4,641		$	-
Pressure Cylinders		-			-			11,634			1,520
Engineered Cabs		-			-			19,100			-
Other		-			-			-			-
Consolidated impairment of long-lived assets	$	-		$	-		$	35,375		$	1,520
Joint venture transactions
Steel Processing	$	-		$	-		$	-		$	-
Pressure Cylinders		-			-			-			-
Engineered Cabs		-			-			-			-
Other		120			253			1,048			(1,188	)
Consolidated joint venture transactions	$	120		$	253		$	1,048		$	(1,188	)

(in thousands)	February 28, 2014		May 31, 2013
Total assets
Steel Processing	$	856,119	$	610,464
Pressure Cylinders		780,191		742,686
Engineered Cabs		176,620		201,048
Other		312,977		396,659
Consolidated total assets	$	2,125,907	$	1,950,857