Consolidated Statement of Cash Flows (Unaudited) (USD $) In Thousands	9 Months Ended
Sep. 30, 2011	Sep. 30, 2010
Cash flows from (used for) operating activities:
Net income	$ 24,405	$ 3,728
Adjustments to reconcile net income to net cash from operating activities -
Depreciation and amortization	12,050	10,264
Assets held for sale	(4)
Loss on disposition of property and equipment	69	25
Stock-based compensation	647	485
Other long-term assets	1,220	(935)
Other long-term liabilities	3,487	(4,774)
Long-term deferred income taxes	1,912	527
Total adjustments to reconcile net income to net cash from operating activities -	43,786	9,320
Changes in working capital:
Accounts receivable	(49,350)	(44,944)
Inventories	(40,731)	(69,685)
Income taxes receivable and deferred	8,750	38,178
Prepaid expenses and other	(5,861)	(527)
Accounts payable	34,379	23,440
Change in outstanding checks	9,479	647
Accrued payroll and other accrued liabilities	(10,240)	3,263
Total changes in working capital	(53,574)	(49,628)
Net cash used for operating activities	(9,788)	(40,308)
Cash flows from (used for) investing activities:
Acquisition of Chicago Tube and Iron, net of cash acquired	(148,759)
Capital expenditures	(24,618)	(10,733)
Proceeds from disposition of property and equipment	24	19
Proceeds from assets held for sale	675
Net cash used for investing activities	(172,678)	(10,714)
Cash flows from (used for) financing activities:
Credit facility revolver borrowings, net	119,225	50,050
Principal payments under capital lease obligations	(39)
Term loan borrowings	70,000
Term loan repayments	(2,188)
Credit facility fees and expenses	(4,193)	(1,618)
Proceeds from exercise of stock options (including tax benefits) and employee stock purchases	34	68
Dividends paid	(654)	(653)
Net cash from financing activities	182,185	47,847
Cash and cash equivalents:
Net change	(281)	(3,175)
Beginning balance	1,492	5,190
Ending balance	1,211	2,015
Cash paid during the period
Interest paid	3,089	1,095
Income taxes paid (refunded)	8,852	(36,400)
Details of acquisition
Fair value of CTI assets acquired	215,817
Fair value of CTI liabilities acquired	55,961
Cash paid	159,856
Less: Cash acquired	11,097
Net cash paid for CTI acquisition	$ 148,759

The aggregate amount of adjustments to net income or loss necessary to remove the effects of all items whose cash effects are investing or financing cash flows. The aggregate amount also includes all noncash expenses and income items which reduce or increase net income and are thus added back or deducted when calculating cash provided by or used in operating activities.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28

-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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585