Segment Data (Tables)

12 Months Ended

May 31, 2014

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)	2014			2013			2012
Net sales
Steel Processing	$	1,936,073		$	1,462,630		$	1,598,812
Pressure Cylinders		928,396			859,264			770,101
Engineered Cabs		200,528			226,002			104,272
Other		61,429			64,348			61,516
Total net sales	$	3,126,426		$	2,612,244		$	2,534,701
Operating income (loss)
Steel Processing	$	119,025		$	68,156		$	73,626
Pressure Cylinders		55,004			66,367			45,108
Engineered Cabs		(26,516	)		4,158			4,878
Other		(11,760	)		(9,539	)		(22,002	)
Total operating income	$	135,753		$	129,142		$	101,610
Depreciation and amortization
Steel Processing	$	32,882		$	25,918		$	27,093
Pressure Cylinders		31,984			26,919			20,407
Engineered Cabs		10,027			9,096			3,540
Other		4,837			4,536			4,833
Total depreciation and amortization	$	79,730		$	66,469		$	55,873
Impairment of long-lived assets
Steel Processing	$	7,141		$	-		$	-
Pressure Cylinders		32,005			6,488			-
Engineered Cabs		19,100			-			-
Other		-			-			355
Total impairment of long-lived assets	$	58,246		$	6,488		$	355
Restructuring and other expense (income)
Steel Processing	$	(3,382	)	$	-		$	-
Pressure Cylinders		(745	)		2,665			52
Engineered Cabs		-			-			-
Other		1,215			628			5,932
Total restructuring and other expense	$	(2,912	)	$	3,293		$	5,984
Joint venture transactions
Steel Processing	$	-		$	-		$	(2,102	)
Pressure Cylinders		-			-			-
Engineered Cabs		-			-			-
Other		1,036			(604	)		1,952
Total joint venture transactions	$	1,036		$	(604	)	$	(150	)
Total assets
Steel Processing	$	850,748		$	610,464		$	709,030
Pressure Cylinders		818,720			742,686			575,250
Engineered Cabs		181,251			201,048			199,594
Other		445,662			396,659			393,923
Total assets	$	2,296,381		$	1,950,857		$	1,877,797
Capital expenditures
Steel Processing	$	16,682			8,371		$	9,705
Pressure Cylinders		32,364			13,368			8,456
Engineered Cabs		10,351			6,265			4,641
Other		11,941			16,584			8,911
Total capital expenditures	$	71,338		$	44,588		$	31,713

Net Sales by Geographic Region

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

(in thousands)	2014		2013		2012
United States	$	2,917,484	$	2,418,307	$	2,333,575
Europe		136,513		159,562		150,458
Mexico		51,430		-		-
Canada		10,324		21,257		29,097
Other		10,675		13,118		21,571
Total	$	3,126,426	$	2,612,244	$	2,534,701

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)	2014		2013
United States	$	429,068	$	400,032
Europe		56,884		51,222
Mexico		6,314		-
Canada		-		1,275
Other		6,595		6,901
Total	$	498,861	$	459,430