XML 71 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 16 - Segment Information:
 9 Months Ended
Sep. 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
September 30,
   
Nine Months Ended
September 30,
 
(in thousands)
 
2012
   
2011
   
2012
   
2011
 
Net sales
                       
Flat products
  $ 279,075     $ 287,137     $ 903,591     $ 880,518  
Tubular and pipe products
    63,485       61,410       188,386       61,410  
Total net sales
  $ 342,560     $ 348,547     $ 1,091,977     $ 941,928  
                                 
Operating income
                               
Flat products
  $ 632     $ 5,762     $ 11,750     $ 36,974  
Tubular and pipe products
    3,992       3,553       14,881       3,553  
Total operating income
  $ 4,624     $ 9,315     $ 26,631     $ 40,527  

   
Three Months Ended
September 30,
   
Nine Months Ended
September 30,
 
(in thousands)
 
2012
   
2011
   
2012
   
2011
 
Depreciation and amortization
                       
Flat products
  $ 3,969     $ 3,281     $ 11,791     $ 10,260  
Tubular and pipe products
    1,207       1,375       3,512       1,375  
Total depreciation and amortization
  $ 5,176     $ 4,656     $ 15,303     $ 11,635  
                                 
Capital expenditures
                               
Flat products
  $ 3,983     $ 8,018     $ 14,715     $ 24,434  
Tubular and pipe products
    624       184       5,575       184  
Total capital expenditures
  $ 4,607     $ 8,202     $ 20,290     $ 24,618  

(in thousands)
 
September 30,
 2012
   
December 31,
 2011
 
Total assets
           
Flat products
  $ 524,983     $ 494,179  
Tubular and pipe products
    222,645       213,320  
Total assets
  $ 747,628     $ 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 North, Central and South America.  International sales have been immaterial to the consolidated financial results and to the individual segment’s results.