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Segment Information
3 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Segment Information
(14) Segment Information:

Since the July 1, 2011 acquisition of CTI, the Company operates in two reportable segments, flat products and tubular and pipe products. The following table summarizes financial information regarding segments:

 

                 
    Three Months Ended
March 31,
 
(in thousands)   2012     2011  

Net sales

               

Flat products

  $ 316,629     $ 294,381  

Tubular and pipe products

    65,423       —    
   

 

 

   

 

 

 

Total net sales

  $ 382,052     $ 294,381  
   

 

 

   

 

 

 

Operating income

               

Flat products

  $ 5,819     $ 17,313  

Tubular and pipe products

    6,444       —    
   

 

 

   

 

 

 

Total operating income

  $ 12,263     $ 17,313  
   

 

 

   

 

 

 

Depreciation and amortization

               

Flat products

  $ 3,870     $ 3,467  

Tubular and pipe products

    1,122       —    
   

 

 

   

 

 

 

Total depreciation and amortization

  $ 4,992     $ 3,467  
   

 

 

   

 

 

 

Capital expenditures

               

Flat products

  $ 5,447     $ 7,903  

Tubular and pipe products

    2,522       —    
   

 

 

   

 

 

 

Total capital expenditures

  $ 7,969     $ 7,903  
   

 

 

   

 

 

 

 

                 
(in thousands)   March 31,
2012
    December 31,
2011
 

Total assets

               

Flat products

  $ 573,438     $ 494,179  

Tubular and pipe products

    219,240       213,320  
   

 

 

   

 

 

 

Total assets

  $ 792,678     $ 707,499  
   

 

 

   

 

 

 

 

There were no material intercompany revenue transactions between the flat products and tubular and pipe products segments.

The Company sells certain products internationally, primarily in Canada, Puerto Rico and Mexico. International sales have been immaterial to the consolidated financial results and to the individual segment’s results.