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Revenue Recognition | 6 Months Ended
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Nov. 30, 2023
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Note C – Revenue Recognition The following table summarizes net sales by operating segment and product class within the Steel Processing operating segment for the periods presented:
| Three Months Ended |  |  | Six Months Ended |
| November 30, |  |  | November 30, |
(In thousands) | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Steel Processing |  |  |  |  |  |  |  |  |  |  |
Direct | $ | 750,622 |  |  | $ | 807,259 |  |  | $ | 1,595,985 |  |  | $ | 1,809,394 |
Toll |  | 38,033 |  |  |  | 34,688 |  |  |  | 74,008 |  |  |  | 71,433 |
Total |  | 788,655 |  |  |  | 841,947 |  |  |  | 1,669,993 |  |  |  | 1,880,827 |
Consumer Products |  | 147,738 |  |  |  | 153,795 |  |  |  | 297,151 |  |  |  | 342,497 |
Building Products |  | 122,954 |  |  |  | 141,671 |  |  |  | 256,822 |  |  |  | 291,994 |
Sustainable Energy Solutions |  | 27,537 |  |  |  | 38,128 |  |  |  | 56,174 |  |  |  | 68,888 |
Other |  | 34 |  |  |  | - |  |  |  | 34 |  |  |  | - |
Total | $ | 1,086,918 |  |  | $ | 1,175,541 |  |  | $ | 2,280,174 |  |  | $ | 2,584,206 |
With the exception of toll processing, net sales are recognized at the point in time the performance obligation is satisfied and control is transferred to the customer, typically upon shipment or delivery. The following table summarizes the unbilled receivables at the dates indicated:
|  |  | November 30, |  |  | May 31, |
(In thousands) | Balance Sheet Classification |  | 2023 |  |  | 2023 |
Unbilled receivables | Receivables |  | $ | 4,148 |  |  | $ | 3,708 |
There were no contract assets at November 30, 2023 or at May 31, 2023.

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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