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Note 2 - Acquisition of Chicago Tube and Iron Company:
 9 Months Ended
Sep. 30, 2012
Business Combination Disclosure [Text Block]
(2)        Acquisition of Chicago Tube and Iron Company:

On July 1, 2011, the Company acquired all of the outstanding common shares of CTI pursuant to the terms of an Agreement and Plan of Merger dated May 18, 2011.  Total cash paid, net of cash acquired, was $148.8 million.

Pro Forma Financial Information

The following unaudited pro forma summary of financial results presents the consolidated results of operations as if the CTI acquisition had occurred on January 1, 2010, after the effect of certain adjustments, including increased depreciation expense resulting from recording fixed assets at fair value, interest expense on the acquisition debt and amortization of customer relationships, with the related tax effects.  The pro forma results for the nine months ended September 30, 2011 do not include any transaction costs and other non-recurring acquisition related expenses.  The pro forma results have been presented for comparative purposes only and are not indicative of what would have occurred had the acquisition been made on January 1, 2010, or of any potential results that may occur in the future.

   
Nine months ended
September 30, 2011
(Pro-forma)
 
(in thousands, except per share amounts)
     
Pro forma (unaudited):
     
Net sales
  $ 1,062,435  
Net income
  $ 27,053  
         
Basic earnings per common share
  $ 2.47  
Diluted earnings per common share
  $ 2.47