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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from (used for) operating activities:      
Net income $ 24,970 $ 2,132 $ (61,228)
Adjustments to reconcile net income to net cash from operating activities -      
Depreciation and amortization 16,730 13,872 12,227
Purchase price inventory adjustment 1,153    
Asset impairment of idled real estate 953    
Loss on disposition of property and equipment 121 51 94
Stock-based compensation 806 627 (1,139)
Other long-term assets 840 (1,200) 1,593
Other long-term liabilities 3,235 (7,142) (2,445)
Long-term deferred income taxes 8,582 4,500 (784)
Total adjustments to reconcile net income to net cash from operating activities - 57,390 12,840 (51,682)
Changes in working capital:      
Accounts receivable (17,342) (31,590) 26,468
Inventories (26,064) (88,943) 143,637
Income taxes receivable and deferred 2,088 33,763 (31,319)
Prepaid expenses and other 216 (966) (778)
Accounts payable 8,671 26,612 (2,649)
Change in outstanding checks 4,034 2,866 (10,067)
Accrued payroll and other accrued liabilities (13,153) 6,634 (16,287)
Total changes in working capital (41,550) (51,624) 109,005
Net cash from (used for) operating activities 15,840 (38,784) 57,323
Cash flows from (used for) investing activities:      
Acquisition of Chicago Tube and Iron, net of cash acquired (148,759)    
Capital expenditures (39,487) (17,846) (11,862)
Proceeds from disposition of property and equipment 29 77 15
Proceeds from assets held for sale 1,887    
Net cash used for investing activities (186,330) (17,769) (11,847)
Cash flows from (used for) financing activities:      
Credit facility revolver borrowings 576,474 323,094 139,634
Credit facility revolver repayments (461,304) (267,859) (179,832)
Principal payments under capital lease obligations (65)    
Term loan borrowings 70,000    
Term loan repayments (3,646)    
Credit facility fees and expenses (4,220) (1,647)  
Proceeds from exercise of stock options (including tax benefits) and employee stock purchases 34 137 217
Dividends paid (872) (870) (1,196)
Net cash from (used for) financing activities 176,401 52,855 (41,177)
Cash and cash equivalents:      
Net change 5,911 (3,698) 4,299
Beginning balance 1,492 5,190 891
Ending balance 7,403 1,492 5,190
Cash paid during the period      
Interest paid 5,081 1,672 1,928
Income taxes paid (refunded) 9,159 (36,355) (3,544)
Details of acquisition      
Fair value of CTI assets acquired 217,015    
Fair value of CTI liabilities acquired 57,159    
Cash paid 159,856    
Less: Cash acquired 11,097    
Net cash paid for CTI acquisition $ 148,759