XML 65 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 16 - Segment Information:
 6 Months Ended
Jun. 30, 2012
Segment Reporting Disclosure [Text Block]
(16)       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
June 30,
   
Six Months Ended
June 30,
 
(in thousands)
 
2012
   
2011
   
2012
   
2011
 
Net sales
                       
Flat products
  $ 307,887     $ 299,000     $ 624,516     $ 593,381  
Tubular and pipe products
    59,478       -       124,901       -  
Total net sales
  $ 367,365     $ 299,000     $ 749,417     $ 593,381  
                                 
Operating income
                               
Flat products
  $ 5,299     $ 13,899     $ 11,118     $ 31,212  
Tubular and pipe products
    4,445       -       10,889       -  
Total operating income
  $ 9,744     $ 13,899     $ 22,007     $ 31,212  
                                 
Depreciation and amortization
                               
Flat products
  $ 3,952     $ 3,512     $ 7,822     $ 6,979  
Tubular and pipe products
    1,183       -       2,305       -  
Total depreciation and amortization
  $ 5,135     $ 3,512     $ 10,127     $ 6,979  
                                 
Capital expenditures
                               
Flat products
  $ 5,286     $ 8,513     $ 10,732     $ 16,416  
Tubular and pipe products
    2,428       -       4,951       -  
Total capital expenditures
  $ 7,714     $ 8,513     $ 15,683     $ 16,416  

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 North, Central and South America.  International sales have been immaterial to the consolidated financial results and to the individual segment’s results.