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Revenue Recognition | 12 Months Ended
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May 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Note B – Revenue Recognition We recognize revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration we expect to receive for those goods or services, including any variable consideration. The following table summarizes net sales by product class for fiscal 2023, fiscal 2022 and fiscal 2021:
(In thousands) | 2023 |  |  | 2022 |  |  | 2021 |
Steel Processing |  |  |  |  |  |  |  |
Direct | $ | 3,357,115 |  |  | $ | 3,788,289 |  |  | $ | 1,927,418 |
Toll |  | 140,781 |  |  |  | 144,732 |  |  |  | 131,979 |
Subtotal |  | 3,497,896 |  |  |  | 3,933,021 |  |  |  | 2,059,397 |
Consumer Products |  | 686,319 |  |  |  | 636,478 |  |  |  | 523,697 |
Building Products |  | 586,059 |  |  |  | 541,757 |  |  |  | 402,038 |
Sustainable Energy Solutions |  | 146,118 |  |  |  | 130,954 |  |  |  | 134,890 |
Other |  |  |  |  |  |  |  |
Oil & Gas Equipment |  | - |  |  |  | - |  |  |  | 20,950 |
Engineered Cabs |  | - |  |  |  | - |  |  |  | 1,058 |
Other |  | - |  |  |  | 9 |  |  |  | 29,399 |
Subtotal |  | - |  |  |  | 9 |  |  |  | 51,407 |
Total | $ | 4,916,392 |  |  | $ | 5,242,219 |  |  | $ | 3,171,429 |
The following table summarizes the revenue that has been recognized over time for fiscal 2023, fiscal 2022 and fiscal 2021:
(In thousands) | 2023 |  |  | 2022 |  |  | 2021 |
Steel Processing - toll | $ | 140,781 |  |  | $ | 144,732 |  |  | $ | 131,979 |
Other - certain oil & gas contracts |  | - |  |  |  | - |  |  |  | 15,666 |
Total over time revenue | $ | 140,781 |  |  | $ | 144,732 |  |  | $ | 147,645 |
The following table summarizes the unbilled receivables at the end of fiscal 2023 and fiscal 2022.
(In thousands) | Balance Sheet Classification |  | 2023 |  |  | 2022 |
Unbilled receivables | Receivables |  | $ | 3,708 |  |  | $ | 5,001 |
There were no contract assets at either of the dates indicated above.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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