Segment Operations (Tables)

9 Months Ended

Feb. 29, 2016

Financial Information for Reportable Segments

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

	Three Months Ended						Nine Months Ended
	February 29,			February 28,			February 29,			February 28,
(in thousands)	2016			2015			2016			2015
Net sales
Steel Processing	$	419,026		$	500,703		$	1,377,638		$	1,605,790
Pressure Cylinders		200,721			248,086			626,288			749,789
Engineered Cabs		25,553			45,390			92,869			146,484
Other		1,780			10,606			8,248			36,148
Total net sales	$	647,080		$	804,785		$	2,105,043		$	2,538,211
Operating income (loss)
Steel Processing	$	21,294		$	16,406		$	71,574		$	86,152
Pressure Cylinders		8,969			18,611			15,479			47,797
Engineered Cabs		(4,053	)		(85,780	)		(17,634	)		(93,534	)
Other		(1,138	)		(1,287	)		(1,379	)		(7,071	)
Total operating income (loss)	$	25,072		$	(52,050	)	$	68,040		$	33,344
Impairment of goodwill and long-lived assets
Steel Processing	$	-		$	-		$	-		$	3,050
Pressure Cylinders		-			-			22,962			9,567
Engineered Cabs		-			81,600			3,000			83,989
Other		-			-			-			1,179
Total impairment of goodwill and long-lived assets	$	-		$	81,600		$	25,962		$	97,785
Restructuring and other expense (income)
Steel Processing	$	1,068		$	(28	)	$	3,788		$	(58	)
Pressure Cylinders		(1,031	)		2,498			(316	)		2,926
Engineered Cabs		416			(313	)		3,059			(313	)
Other		249			20			(1,237	)		210
Total restructuring and other expense	$	702		$	2,177		$	5,294		$	2,765
(in thousands)	February 29, 2016			May 31, 2015
Total assets
Steel Processing	$	734,182		$	829,116
Pressure Cylinders		784,880			804,799
Engineered Cabs		75,603			94,506
Other		365,263			356,721
Total assets	$	1,959,928		$	2,085,142