Segment Operations (Tables)

6 Months Ended

Nov. 30, 2017

Financial Information for Reportable Segments

The following table presents summarized financial information for our reportable segments as of, and for the periods presented:

	Three Months Ended November 30,						Six Months Ended November 30,
(in thousands)	2017			2016			2017			2016
Net sales
Steel Processing	$	538,390		$	508,806		$	1,081,881		$	1,014,480
Pressure Cylinders		300,862			194,661			570,673			399,870
Engineered Cabs		30,404			22,463			62,350			48,044
Other		1,610			1,850			4,599			2,935
Total net sales	$	871,266		$	727,780		$	1,719,503		$	1,465,329
Operating income (loss)
Steel Processing	$	41,130		$	35,448		$	74,002		$	90,230
Pressure Cylinders		24,675			11,304			35,133			25,409
Engineered Cabs		(1,587	)		(3,381	)		(1,948	)		(5,224	)
Other		(12,159	)		(327	)		(12,903	)		(2,473	)
Total operating income	$	52,059		$	43,044		$	94,284		$	107,942
Impairment of goodwill and long-lived assets
Steel Processing	$	-		$	-		$	-		$	-
Pressure Cylinders		964			-			964			-
Engineered Cabs		-			-			-			-
Other		7,325			-			7,325			-
Total impairment of goodwill and long-lived assets	$	8,289		$	-		$	8,289		$	-
Restructuring and other expense (income), net
Steel Processing	$	(10,335	)	$	318		$	(10,056	)	$	1,284
Pressure Cylinders		488			1,963			2,365			2,109
Engineered Cabs		(82	)		1,004			(78	)		1,210
Other		235			(13	)		379			(3	)
Total restructuring and other expense (income), net	$	(9,694	)	$	3,272		$	(7,390	)	$	4,600

(in thousands)	November 30, 2017		May 31, 2017
Total assets
Steel Processing	$	882,710	$	882,863
Pressure Cylinders		1,200,361		766,611
Engineered Cabs		66,957		62,141
Other		421,685		613,729
Total assets	$	2,571,713	$	2,325,344