Segment Operations

9 Months Ended

Feb. 28, 2019

Segment Reporting [Abstract]

Segment Operations

NOTE N – Segment Operations

The following table presents summarized financial information for our reportable segments as of the dates, and for the periods presented:

	Three Months Ended February 28,						Nine Months Ended February 28,
(in thousands)	2019			2018			2019			2018
Net sales
Steel Processing	$	555,871		$	518,113		$	1,851,401		$	1,599,994
Pressure Cylinders		290,690			295,506			885,490			866,179
Engineered Cabs		27,817			27,055			83,798			89,405
Other		3			983			25			5,582
Total net sales	$	874,381		$	841,657		$	2,820,714		$	2,561,160
Operating income (loss)
Steel Processing	$	10,166		$	31,125		$	74,842		$	105,127
Pressure Cylinders		18,953			17,530			48,444			52,663
Engineered Cabs		(3,787	)		(4,083	)		(11,469	)		(6,031	)
Other		645			(1,809	)		935			(14,712	)
Total operating income	$	25,977		$	42,763		$	112,752		$	137,047
Impairment of goodwill and long-lived assets
Steel Processing	$	-		$	-		$	-		$	-
Pressure Cylinders		-			-			2,381			964
Engineered Cabs		-			-			-			-
Other		-			-			-			7,325
Total impairment of goodwill and long-lived assets	$	-		$	-		$	2,381		$	8,289
Restructuring and other expense (income), net
Steel Processing	$	-		$	(3	)	$	(9	)	$	(10,059	)
Pressure Cylinders		(11,176	)		-			(11,701	)		2,365
Engineered Cabs		-			-			-			(78	)
Other		-			-			-			379
Total restructuring and other income, net	$	(11,176	)	$	(3	)	$	(11,710	)	$	(7,393	)

	February 28,		May 31,
(in thousands)	2019		2018
Total assets
Steel Processing	$	949,265	$	999,238
Pressure Cylinders		1,117,303		1,147,268
Engineered Cabs		66,934		66,456
Other		433,791		408,825
Total assets	$	2,567,293	$	2,621,787