Segment Data (Tables)

12 Months Ended

May 31, 2020

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

(in thousands)	2020			2019			2018
Net sales
Steel Processing	$	1,859,670		$	2,435,818		$	2,252,771
Pressure Cylinders		1,148,424			1,207,798			1,206,183
Other		51,025			115,940			122,666
Total net sales	$	3,059,119		$	3,759,556		$	3,581,620

Operating income (loss)
Steel Processing	$	40,564		$	89,761		$	152,690
Pressure Cylinders		38,903			69,872			23,396
Other		(56,978	)		(14,869	)		(34,476	)
Total operating income	$	22,489		$	144,764		$	141,610

Depreciation and amortization
Steel Processing	$	40,819		$	40,374		$	43,331
Pressure Cylinders		42,565			42,403			46,691
Other		9,294			12,825			13,337
Total depreciation and amortization	$	92,678		$	95,602		$	103,359

Impairment of goodwill and long-lived assets
Steel Processing	$	1,839		$	3,269		$	-
Pressure Cylinders		37,153			4,548			53,883
Other		43,698			-			7,325
Total impairment of goodwill and long-lived assets	$	82,690		$	7,817		$	61,208

Restructuring and other expense (income), net
Steel Processing	$	3,501		$	(9	)	$	(10,087	)
Pressure Cylinders		5,282			(11,009	)		2,365
Other		1,265			-			301
Total restructuring and other expense (income), net	$	10,048		$	(11,018	)	$	(7,421	)

Total assets
Steel Processing	$	821,657		$	924,966		$	999,238
Pressure Cylinders		1,104,603			1,123,115			1,147,268
Other		405,255			462,715			475,281
Total assets	$	2,331,515		$	2,510,796		$	2,621,787

Capital expenditures
Steel Processing	$	40,588		$	39,114		$	31,966
Pressure Cylinders		41,484			37,558			32,697
Other		13,431			7,827			11,425
Total capital expenditures	$	95,503		$	84,499		$	76,088

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

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