Segment Operations

3 Months Ended

Aug. 31, 2014

Segment Operations

NOTE M – Segment Operations

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

	Three Months Ended August 31,
(in thousands)	2014			2013
Net sales
Steel Processing	$	552,331		$	402,441
Pressure Cylinders		248,959			216,900
Engineered Cabs		49,554			48,461
Other		11,570			24,489
Consolidated net sales	$	862,414		$	692,291
Operating income (loss)
Steel Processing	$	35,869		$	22,663
Pressure Cylinders		19,606			19,454
Engineered Cabs		(2,145	)		(304	)
Other		(1,128	)		(3,175	)
Consolidated operating income	$	52,202		$	38,638
Restructuring and other expense (income)
Steel Processing	$	(30	)	$	(4,762	)
Pressure Cylinders		23			402
Engineered Cabs		-			-
Other		-			363
Consolidated restructuring and other income	$	(7	)	$	(3,997	)
Impairment of long-lived assets
Steel Processing	$	1,950		$	4,641
Pressure Cylinders		-			-
Engineered Cabs		-			-
Other		-			-
Consolidated impairment of long-lived assets	$	1,950		$	4,641
Joint venture transactions
Steel Processing	$	-		$	-
Pressure Cylinders		-			-
Engineered Cabs		-			-
Other		107			142
Consolidated joint venture transactions	$	107		$	142
(in thousands)	August 31, 2014			May 31, 2014
Total assets
Steel Processing	$	896,069		$	850,748
Pressure Cylinders		849,168			818,720
Engineered Cabs		181,876			181,251
Other		427,583			445,662
Consolidated total assets	$	2,354,696		$	2,296,381