Segment Operations (Tables)

9 Months Ended

Feb. 29, 2020

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						Nine Months Ended
(in thousands)	February 29, 2020			February 28, 2019			February 29, 2020			February 28, 2019
Net sales
Steel Processing	$	491,136		$	555,871		$	1,531,448		$	1,851,401
Pressure Cylinders		270,995			290,690			865,527			885,490
Other		1,865			27,820			50,517			83,823
Total net sales	$	763,996		$	874,381		$	2,447,492		$	2,820,714
Operating income (loss)
Steel Processing	$	19,021		$	10,166		$	42,361		$	74,842
Pressure Cylinders		(19,865	)		18,953			25,405			48,444
Other		(542	)		(3,142	)		(51,622	)		(10,534	)
Total operating income (loss)	$	(1,386	)	$	25,977		$	16,144		$	112,752
Impairment of goodwill and long-lived assets
Steel Processing	$	1,274		$	-		$	1,274		$	-
Pressure Cylinders		33,353			-			33,353			2,381
Other		-			-			40,601			-
Total impairment of goodwill and long-lived assets	$	34,627		$	-		$	75,228		$	2,381
Restructuring and other expense (income), net
Steel Processing	$	728		$	-		$	702		$	(9	)
Pressure Cylinders		747			(11,176	)		747			(11,701	)
Other		(99	)		-			332			-
Total restructuring and other expense (income), net	$	1,376		$	(11,176	)	$	1,781		$	(11,710	)

	February 29,		May 31,
(in thousands)	2020		2019
Total assets
Steel Processing	$	921,969	$	924,966
Pressure Cylinders		1,078,167		1,123,115
Other		428,947		462,715
Total assets	$	2,429,083	$	2,510,796