Segment Data (Tables)

12 Months Ended

May. 31, 2015

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)	2015			2014			2013
Net sales
Steel Processing	$	2,145,744		$	1,936,073		$	1,462,630
Pressure Cylinders		1,001,402			928,396			859,264
Engineered Cabs		192,953			200,528			226,002
Other		44,135			61,429			64,348
Total net sales	$	3,384,234		$	3,126,426		$	2,612,244
Operating income (loss)
Steel Processing	$	108,707		$	119,025		$	68,156
Pressure Cylinders		58,113			55,004			66,367
Engineered Cabs		(97,260	)		(26,516	)		4,158
Other		(9,003	)		(11,760	)		(9,539	)
Total operating income	$	60,557		$	135,753		$	129,142
Depreciation and amortization
Steel Processing	$	34,526		$	32,882		$	25,918
Pressure Cylinders		34,953			31,984			26,919
Engineered Cabs		10,184			10,027			9,096
Other		5,426			4,837			4,536
Total depreciation and amortization	$	85,089		$	79,730		$	66,469
Impairment of goodwill and long-lived assets
Steel Processing	$	3,050		$	7,141		$	-
Pressure Cylinders		11,911			32,005			6,488
Engineered Cabs		83,989			19,100			-
Other		1,179			-			-
Total impairment of goodwill and long-lived assets	$	100,129		$	58,246		$	6,488
Restructuring and other expense (income)
Steel Processing	$	72		$	(3,382	)	$	-
Pressure Cylinders		6,408			(745	)		2,665
Engineered Cabs		(332	)		-			-
Other		366			1,215			628
Total restructuring and other expense (income)	$	6,514		$	(2,912	)	$	3,293
Joint venture transactions
Steel Processing	$	-		$	-		$	-
Pressure Cylinders		-			-			-
Engineered Cabs		-			-			-
Other		413			1,036			(604	)
Total joint venture transactions	$	413		$	1,036		$	(604	)
Total assets
Steel Processing	$	829,116		$	850,748		$	610,464
Pressure Cylinders		804,799			818,720			742,686
Engineered Cabs		94,506			181,251			201,048
Other		356,721			445,662			396,659
Total assets	$	2,085,142		$	2,296,381		$	1,950,857
Capital expenditures
Steel Processing	$	34,546			16,682		$	8,371
Pressure Cylinders		35,872			32,364			13,368
Engineered Cabs		8,951			10,351			6,265
Other		16,886			11,941			16,584
Total capital expenditures	$	96,255		$	71,338		$	44,588

Net Sales by Geographic Region

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

(in thousands)	2015		2014		2013
United States	$	3,175,972	$	2,917,484	$	2,418,307
Europe		125,778		136,513		159,562
Mexico		56,687		51,430		-
Canada		6,464		10,324		21,257
Other		19,333		10,675		13,118
Total	$	3,384,234	$	3,126,426	$	2,612,244

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)	2015		2014
United States	$	439,296	$	429,068
Europe		50,520		56,884
Mexico		5,030		6,314
Canada		4,284		-
Other		14,060		6,595
Total	$	513,190	$	498,861