Segment Operations

3 Months Ended

Aug. 31, 2017

Segment Operations

NOTE L – Segment Operations

Summarized financial information for our reportable segments is shown in the following table:

	Three Months Ended August 31,
(in thousands)	2017			2016
Net sales
Steel Processing	$	543,491		$	505,674
Pressure Cylinders		269,811			205,209
Engineered Cabs		31,946			25,581
Other		2,989			1,085
Total net sales	$	848,237		$	737,549
Operating income (loss)
Steel Processing	$	32,872		$	54,782
Pressure Cylinders		10,458			14,105
Engineered Cabs		(361	)		(1,843	)
Other		(744	)		(2,146	)
Total operating income	$	42,225		$	64,898
Restructuring and other expense
Steel Processing	$	279		$	966
Pressure Cylinders		1,877			146
Engineered Cabs		4			206
Other		144			10
Total restructuring and other expense	$	2,304		$	1,328
(in thousands)	August 31, 2017			May 31, 2017
Total assets
Steel Processing	$	882,161		$	882,863
Pressure Cylinders		1,176,298			766,611
Engineered Cabs		68,738			62,141
Other		503,357			613,729
Total assets	$	2,630,554		$	2,325,344

Effective June 1, 2017, we made certain organizational changes impacting the internal reporting and management structure of Packaging Solutions. As a result of these organizational changes, management responsibilities and internal reporting were realigned, moving Packaging Solutions from the Steel Processing operating segment to the Engineered Cabs operating segment. Previously reported results have not been restated and are immaterial for all periods presented.