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Segment and Geographical Area Information | 6 Months Ended
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Jun. 30, 2012
Segment Reporting [Abstract] |
Segment and Geographical Area Information | Segment and Geographical Area Information The Company's primary line of business is the production of semi-fabricated specialty aluminum products through 11 focused production facilities in the United States and one in Canada. Each of the Company's North American production facilities is an operating segment. Such operating segments are aggregated for reporting purposes to one reportable segment, Fabricated Products. The Fabricated Products segment sells value-added products, such as aluminum sheet and plate and extruded and drawn products, which are primarily used in aerospace/high strength, general engineering, automotive, and other industrial applications. The Company's operations consist of the Fabricated Products segment and two business units, Secondary Aluminum and Corporate and Other. The Secondary Aluminum business unit sells value-added products, such as ingot and billet, produced at Anglesey. The Corporate and Other business unit provides general and administrative support for the Company's operations. For purposes of segment reporting under US GAAP, the Company treats the Fabricated Products segment as a reportable segment and combines the two other business units, Secondary Aluminum and Corporate and Other, into one category, which is referred to as All Other. All Other is not considered a reportable segment. On January 1, 2012, management began reviewing the results of the primary aluminum hedging activities, which prior to January 1, 2012 had been reported in the Hedging business unit which was included in All Other, with the results of the Fabricated Products segment because such hedging activities with respect to primary aluminum are now conducted solely for the Fabricated Products segment. Accordingly, the results of primary aluminum hedging activities have been included in the Fabricated Products segment for the six months ended June 30, 2012. Prior period results have been conformed to current period presentation, which resulted in a decrease of $8.9 and $5.6 in operating income of the Fabricated Products segment for the quarter and six months ended June 30, 2011, respectively, and an increase of $0.6 in Fabricated Products segment assets as of December 31, 2011. The accounting policies of the Fabricated Products segment are the same as those described in Note 1. Segment results are evaluated internally by management before any allocation of corporate overhead and without any charge for income taxes, interest expense, or Other operating charges, net. The following tables provide financial information by operating segment for each period or as of each period-end, as applicable:
| Quarter Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2012 |  | 2011 |  | 2012 |  | 2011
Net Sales: |  |  |  |  |  |  |
Fabricated Products | $ | 345.2 |  |  | $ | 338.8 |  |  | $ | 710.6 |  |  | $ | 661.4 |
Segment Operating Income (Loss): |  |  |  |  |  |  |
Fabricated Products 1,2 | $ | 45.2 |  |  | $ | 24.0 |  |  | $ | 99.2 |  |  | $ | 51.0 |
All Other3 | (5.6 | ) |  | (9.3 | ) |  | (13.4 | ) |  | (16.5 | )
Total operating income | $ | 39.6 |  |  | $ | 14.7 |  |  | $ | 85.8 |  |  | $ | 34.5 |
Interest expense | (6.5 | ) |  | (4.4 | ) |  | (10.6 | ) |  | (8.9 | )
Other income (expense), net | 1.1 |  |  | (3.4 | ) |  | 1.8 |  |  | (1.7 | )
Income before income taxes | $ | 34.2 |  |  | $ | 6.9 |  |  | $ | 77.0 |  |  | $ | 23.9 |
Depreciation and Amortization: |  |  |  |  |  |  |
Fabricated Products | $ | 6.5 |  |  | $ | 6.3 |  |  | $ | 12.7 |  |  | $ | 12.4 |
All Other | 0.1 |  |  | 0.1 |  |  | 0.2 |  |  | 0.3 |
Total depreciation and amortization | $ | 6.6 |  |  | $ | 6.4 |  |  | $ | 12.9 |  |  | $ | 12.7 |
Capital expenditures: |  |  |  |  |  |  |
Fabricated Products | $ | 7.9 |  |  | $ | 7.9 |  |  | $ | 16.7 |  |  | $ | 14.1 |
All Other | — |  |  | — |  |  | 0.2 |  |  | — |
Total capital expenditures | $ | 7.9 |  |  | $ | 7.9 |  |  | $ | 16.9 |  |  | $ | 14.1 |
Income Taxes Paid: |  |  |  |  |  |  |
Fabricated Products — |  |  |  |  |  |  |
United States | $ | 0.1 |  |  | $ | 0.7 |  |  | $ | 0.1 |  |  | $ | 0.8 |
Canada | 0.2 |  |  | 0.2 |  |  | 0.4 |  |  | 0.2 |
Total income taxes paid | $ | 0.3 |  |  | $ | 0.9 |  |  | $ | 0.5 |  |  | $ | 1.0 |
| June 30, 2012 |  | December 31, 2011
Segment assets: |  |  |
Fabricated Products | $ | 652.7 |  |  | $ | 637.0 |
All Other4 | 1,008.7 |  |  | 683.6 |
Total assets | $ | 1,661.4 |  |  | $ | 1,320.6 |
______________________
1. | Operating results in the Fabricated Products segment for the quarter ended June 30, 2012 and June 30, 2011 included LIFO inventory (benefits) charges of $(4.9) and $5.0, respectively. Operating results in the Fabricated Products segment for the six months ended June 30, 2012 and June 30, 2011 included LIFO inventory (benefits) charges of $(7.8) and $19.9, respectively.
2. | Fabricated Products segment results for the quarter and six months ended June 30, 2012 include non-cash mark-to-market (losses) gains on primary aluminum, natural gas and electricity hedging activities totaling $(0.1) and $3.0, respectively. Fabricated Products segment results for the quarter and six months ended June 30, 2011 include non-cash mark-to-market losses on primary aluminum, natural gas and electricity hedging activities totaling $9.5 and $5.2, respectively. For further discussion regarding mark-to-market matters, see Note 10.
3. | Operating results in All Other represent operating expenses in the Corporate and Other business unit.
4. | Assets in All Other represent primarily all of the Company’s cash and cash equivalents, financial derivative assets, net assets in respect of VEBAs and net deferred income tax assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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