Segment Data (Tables)

12 Months Ended

May 31, 2019

Segment Reporting [Abstract]

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)	2019			2018			2017
Net sales
Steel Processing	$	2,435,818		$	2,252,771		$	2,074,869
Pressure Cylinders		1,207,798			1,206,183			829,846
Engineered Cabs		115,902			116,631			101,388
Other		38			6,035			8,005
Total net sales	$	3,759,556		$	3,581,620		$	3,014,108
Operating income (loss)
Steel Processing	$	89,761		$	152,690		$	170,481
Pressure Cylinders		69,872			23,396			54,098
Engineered Cabs		(14,664	)		(11,305	)		(7,685	)
Other		(205	)		(23,171	)		(3,773	)
Total operating income	$	144,764		$	141,610		$	213,121
Depreciation and amortization
Steel Processing	$	40,374		$	43,331		$	42,861
Pressure Cylinders		42,403			46,691			31,052
Engineered Cabs		5,687			5,415			5,197
Other		7,138			7,922			7,683
Total depreciation and amortization	$	95,602		$	103,359		$	86,793
Impairment of goodwill and long-lived assets
Steel Processing	$	3,269		$	-		$	-
Pressure Cylinders		4,548			53,883			-
Engineered Cabs		-			-			-
Other		-			7,325			-
Total impairment of goodwill and long-lived assets	$	7,817		$	61,208		$	-
Restructuring and other expense (income), net
Steel Processing	$	(9	)	$	(10,087	)	$	1,828
Pressure Cylinders		(11,009	)		2,365			3,411
Engineered Cabs		-			(78	)		1,219
Other		-			379			(47	)
Total restructuring and other expense (income), net	$	(11,018	)	$	(7,421	)	$	6,411
Total assets
Steel Processing	$	924,966		$	999,238		$	882,863
Pressure Cylinders		1,123,115			1,147,268			766,611
Engineered Cabs		66,226			66,456			62,141
Other		396,489			408,825			613,729
Total assets	$	2,510,796		$	2,621,787		$	2,325,344
Capital expenditures
Steel Processing	$	39,114		$	31,966		$	40,775
Pressure Cylinders		37,558			32,697			24,798
Engineered Cabs		1,131			2,067			755
Other		6,696			9,358			2,058
Total capital expenditures	$	84,499		$	76,088		$	68,386

Net Sales by Geographic Region

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

(in thousands)	2019		2018		2017
North America	$	3,559,650	$	3,275,090	$	2,805,182
International		199,906		306,530		208,926
Total	$	3,759,556	$	3,581,620	$	3,014,108

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)	2019		2018
North America	$	514,519	$	512,439
International		64,145		72,531
Total	$	578,664	$	584,970