Segment Operations

6 Months Ended

Nov. 30, 2018

NOTE N – Segment Operations

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

	Three Months Ended November 30,						Six Months Ended November 30,
(in thousands)	2018			2017			2018			2017
Net sales
Steel Processing	$	635,043		$	538,390		$	1,295,530		$	1,081,881
Pressure Cylinders		294,447			300,862			594,800			570,673
Engineered Cabs		28,729			30,404			55,981			62,350
Other		7			1,610			22			4,599
Total net sales	$	958,226		$	871,266		$	1,946,333		$	1,719,503

Operating income (loss)
Steel Processing	$	25,016		$	41,130		$	64,676		$	74,002
Pressure Cylinders		14,758			24,675			29,491			35,133
Engineered Cabs		(3,371	)		(1,587	)		(7,682	)		(1,948	)
Other		(539	)		(12,159	)		290			(12,903	)
Total operating income	$	35,864		$	52,059		$	86,775		$	94,284

Impairment of goodwill and long-lived assets
Steel Processing	$	-		$	-		$	-		$	-
Pressure Cylinders		-			964			2,381			964
Engineered Cabs		-			-			-			-
Other		-			7,325			-			7,325
Total impairment of goodwill and long-lived assets	$	-		$	8,289		$	2,381		$	8,289

Restructuring and other expense (income), net
Steel Processing	$	-		$	(10,335	)	$	(9	)	$	(10,056	)
Pressure Cylinders		402			488			(525	)		2,365
Engineered Cabs		-			(82	)		-			(78	)
Other		-			235			-			379
Total restructuring and other expense (income), net	$	402		$	(9,694	)	$	(534	)	$	(7,390	)