Segment Operations (Tables)

9 Months Ended

Feb. 28, 2017

Financial Information for Reportable Segments

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

	Three Months Ended						Nine Months Ended
(in thousands)	February 28, 2017			February 29, 2016			February 28, 2017			February 29, 2016
Net sales
Steel Processing	$	478,174		$	419,026		$	1,492,654		$	1,377,638
Pressure Cylinders		198,433			200,721			598,303			626,288
Engineered Cabs		23,547			25,553			71,591			92,869
Other		3,282			1,780			6,217			8,248
Total net sales	$	703,436		$	647,080		$	2,168,765		$	2,105,043
Operating income (loss)
Steel Processing	$	26,026		$	21,294		$	116,256		$	71,574
Pressure Cylinders		10,071			8,969			35,480			15,479
Engineered Cabs		(2,001	)		(4,053	)		(7,225	)		(17,634	)
Other		224			(1,138	)		(2,249	)		(1,379	)
Total operating income	$	34,320		$	25,072		$	142,262		$	68,040
Impairment of long-lived assets
Steel Processing	$	-		$	-		$	-		$	-
Pressure Cylinders		-			-			-			22,962
Engineered Cabs		-			-			-			3,000
Other		-			-			-			-
Total impairment of long-lived assets	$	-		$	-		$	-		$	25,962
Restructuring and other expense (income)
Steel Processing	$	212		$	1,068		$	1,496		$	3,788
Pressure Cylinders		1,056			(1,031	)		3,165			(316	)
Engineered Cabs		169			416			1,379			3,059
Other		(43	)		249			(46	)		(1,237	)
Total restructuring and other expense	$	1,394		$	702		$	5,994		$	5,294

(in thousands)	February 28, 2017		May 31, 2016
Total assets
Steel Processing	$	885,244	$	819,853
Pressure Cylinders		751,131		787,786
Engineered Cabs		65,633		75,124
Other		545,167		378,501
Total assets	$	2,247,175	$	2,061,264