Segment Data (Tables)

12 Months Ended

May 31, 2017

Financial Information for Reportable Segments

The following table presents summarized financial information for our reportable business segments as of, and for the fiscal years ended, May 31:

(in thousands)	2017			2016			2015
Net sales
Steel Processing	$	2,074,869		$	1,843,661		$	2,145,744
Pressure Cylinders		829,846			844,898			1,001,402
Engineered Cabs		101,388			121,946			192,953
Other		8,005			9,209			44,135
Total net sales	$	3,014,108		$	2,819,714		$	3,384,234
Operating income (loss)
Steel Processing	$	170,481		$	112,001		$	108,707
Pressure Cylinders		54,098			28,375			58,113
Engineered Cabs		(7,685	)		(19,331	)		(97,260	)
Other		(3,773	)		1,007			(9,003	)
Total operating income	$	213,121		$	122,052		$	60,557
Depreciation and amortization
Steel Processing	$	42,861		$	38,523		$	34,526
Pressure Cylinders		31,052			32,403			34,953
Engineered Cabs		5,197			6,205			10,184
Other		7,683			7,568			5,426
Total depreciation and amortization	$	86,793		$	84,699		$	85,089
Impairment of goodwill and long-lived assets
Steel Processing	$	-		$	-		$	3,050
Pressure Cylinders		-			22,962			11,911
Engineered Cabs		-			3,000			83,989
Other		-			-			1,179
Total impairment of goodwill and long-lived assets	$	-		$	25,962		$	100,129
Restructuring and other expense (income)
Steel Processing	$	1,828		$	4,110		$	72
Pressure Cylinders		3,411			392			6,408
Engineered Cabs		1,219			3,570			(332	)
Other		(47	)		(895	)		779
Total restructuring and other expense	$	6,411		$	7,177		$	6,927
Total assets
Steel Processing	$	882,863		$	819,853		$	829,116
Pressure Cylinders		766,611			787,786			804,799
Engineered Cabs		62,141			75,124			94,506
Other		613,729			378,501			353,884
Total assets	$	2,325,344		$	2,061,264		$	2,082,305
Capital expenditures
Steel Processing	$	40,775		$	42,063		$	34,546
Pressure Cylinders		24,798			29,916			35,872
Engineered Cabs		755			6,945			8,951
Other		2,058			18,112			16,886
Total capital expenditures	$	68,386		$	97,036		$	96,255

Net Sales by Geographic Region

The following table presents net sales by geographic region for the fiscal years ended May 31:

(in thousands)	2017		2016		2015
North America	$	2,805,182	$	2,662,196	$	3,239,123
International		208,926		157,518		145,111
Total	$	3,014,108	$	2,819,714	$	3,384,234

Property, Plant and Equipment, Net by Geographic Region

The following table presents property, plant and equipment, net, by geographic region as of May 31:

(in thousands)	2017		2016
North America	$	501,776	$	515,263
International		68,713		67,575
Total	$	570,489	$	582,838