Segment Operations (Tables)

6 Months Ended

Nov. 30, 2019

Segment Reporting [Abstract]

Financial Information for Reportable Segments

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

	Three Months Ended November 30,						Six Months Ended November 30,
(in thousands)	2019			2018			2019			2018
Net sales
Steel Processing	$	516,937		$	635,043		$	1,040,312		$	1,295,530
Pressure Cylinders		290,136			294,447			594,532			594,800
Other		20,564			28,736			48,652			56,003
Total net sales	$	827,637		$	958,226		$	1,683,496		$	1,946,333
Operating income (loss)
Steel Processing	$	17,172		$	25,016		$	23,340		$	64,676
Pressure Cylinders		15,647			14,758			45,270			29,491
Other		(701	)		(3,910	)		(51,080	)		(7,392	)
Total operating income	$	32,118		$	35,864		$	17,530		$	86,775
Impairment of long-lived assets
Steel Processing	$	-		$	-		$	-		$	-
Pressure Cylinders		-			-			-			2,381
Other		-			-			40,601			-
Total impairment of long-lived assets	$	-		$	-		$	40,601		$	2,381
Restructuring and other expense (income), net
Steel Processing	$	-		$	-		$	(26	)	$	(9	)
Pressure Cylinders		-			402			-			(525	)
Other		(50	)		-			431			-
Total restructuring and other expense (income), net	$	(50	)	$	402		$	405		$	(534	)

	November 30,		May 31,
(in thousands)	2019		2019
Total assets
Steel Processing	$	868,597	$	924,966
Pressure Cylinders		1,143,256		1,123,115
Other		397,108		462,715
Total assets	$	2,408,961	$	2,510,796