Segment Operations (Tables)

6 Months Ended

Nov. 30, 2016

Financial Information for Reportable Segments

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

	Three Months Ended November 30,						Six Months Ended November 30,
(in thousands)	2016			2015			2016			2015
Net sales
Steel Processing	$	508,806		$	467,812		$	1,014,480		$	958,612
Pressure Cylinders		194,661			201,173			399,870			425,567
Engineered Cabs		22,463			28,699			48,044			67,316
Other		1,850			2,132			2,935			6,468
Total net sales	$	727,780		$	699,816		$	1,465,329		$	1,457,963
Operating income (loss)
Steel Processing	$	35,448		$	26,642		$	90,230		$	50,280
Pressure Cylinders		11,304			(10,309	)		25,409			6,510
Engineered Cabs		(3,381	)		(4,290	)		(5,224	)		(13,581	)
Other		(327	)		(71	)		(2,473	)		(241	)
Total operating income	$	43,044		$	11,972		$	107,942		$	42,968
Impairment of long-lived assets
Steel Processing	$	-		$	-		$	-		$	-
Pressure Cylinders		-			22,962			-			22,962
Engineered Cabs		-			-			-			3,000
Other		-			-			-			-
Total impairment of long-lived assets	$	-		$	22,962		$	-		$	25,962
Restructuring and other expense (income)
Steel Processing	$	318		$	2,258		$	1,284		$	2,720
Pressure Cylinders		1,963			(16	)		2,109			715
Engineered Cabs		1,004			765			1,210			2,643
Other		(13	)		(1,484	)		(3	)		(1,486	)
Total restructuring and other expense	$	3,272		$	1,523		$	4,600		$	4,592

(in thousands)	November 30, 2016		May 31, 2016
Total assets
Steel Processing	$	836,265	$	819,853
Pressure Cylinders		763,716		787,786
Engineered Cabs		65,273		75,124
Other		477,470		378,501
Total assets	$	2,142,724	$	2,061,264