Segment Operations

3 Months Ended

Aug. 31, 2016

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)	2016			2015
Net sales
Steel Processing	$	505,674		$	490,800
Pressure Cylinders		205,209			224,394
Engineered Cabs		25,581			38,617
Other		1,085			4,336
Total net sales	$	737,549		$	758,147
Operating income (loss)
Steel Processing	$	54,782		$	23,638
Pressure Cylinders		14,105			16,819
Engineered Cabs		(1,843	)		(9,291	)
Other		(2,146	)		(170	)
Total operating income	$	64,898		$	30,996
Impairment of long-lived assets
Steel Processing	$	-		$	-
Pressure Cylinders		-			-
Engineered Cabs		-			3,000
Other		-			-
Total impairment of long-lived assets	$	-		$	3,000
Restructuring and other expense (income)
Steel Processing	$	966		$	462
Pressure Cylinders		146			731
Engineered Cabs		206			1,878
Other		10			(2	)
Total restructuring and other expense	$	1,328		$	3,069
(in thousands)	August 31, 2016			May 31, 2016
Total assets
Steel Processing	$	871,588		$	819,853
Pressure Cylinders		766,070			787,786
Engineered Cabs		70,471			75,124
Other		473,824			378,501
Total assets	$	2,181,953		$	2,061,264