XML 41 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Note 5 - Debt (Details) (USD $) | 9 Months Ended |  | 9 Months Ended |  | 1 Months Ended |  |  |  | 9 Months Ended |  | 9 Months Ended |  | 0 Months Ended | 9 Months Ended |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 Availability Dollar Amount [Member] Asset-Based Revolving Credit Facility Due June 30, 2019 [Member] ABL Credit Facility [Member] | Jun. 30, 2013 Term Loan [Member] London Interbank Offered Rate (LIBOR) [Member] ABL Credit Facility [Member] | Jul. 31, 2011 Industrial Revenue Bond [Member] Chicago Tube and Iron Company Acquisition [Member] | Sep. 30, 2014 Industrial Revenue Bond [Member] Chicago Tube and Iron Company Acquisition [Member] | Jun. 30, 2012 Term Loan [Member] London Interbank Offered Rate (LIBOR) [Member] ABL Credit Facility [Member] | Sep. 30, 2014 Term Loan [Member] ABL Credit Facility [Member] | Sep. 30, 2014 Interest Rate Swap [Member] | Sep. 30, 2014 Asset-Based Revolving Credit Facility Due June 30, 2016 [Member] ABL Credit Facility [Member] | Sep. 30, 2014 Asset-Based Revolving Credit Facility Due June 30, 2019 [Member] Base Rate [Member] Minimum [Member] ABL Credit Facility [Member] | Sep. 30, 2014 Asset-Based Revolving Credit Facility Due June 30, 2019 [Member] Base Rate [Member] Maximum [Member] ABL Credit Facility [Member] | Sep. 30, 2014 Asset-Based Revolving Credit Facility Due June 30, 2019 [Member] London Interbank Offered Rate (LIBOR) [Member] Minimum [Member] ABL Credit Facility [Member] | Sep. 30, 2014 Asset-Based Revolving Credit Facility Due June 30, 2019 [Member] London Interbank Offered Rate (LIBOR) [Member] Maximum [Member] ABL Credit Facility [Member] | Sep. 30, 2014 Asset-Based Revolving Credit Facility Due June 30, 2019 [Member] ABL Credit Facility [Member] | Sep. 30, 2014 Amortized Banking Fees [Member] ABL Credit Facility [Member] | Sep. 30, 2014 Amortized Banking Fees [Member] | Sep. 30, 2014 Minimum [Member] | Sep. 30, 2014 Maximum [Member] | Apr. 01, 2014 ABL Credit Facility [Member] | Sep. 30, 2014 ABL Credit Facility [Member] | Sep. 30, 2014 Asset-Based Revolving Credit Facility Due June 30, 2019 [Member]
Note 5 - Debt (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  |  |  |  |  |  |  |  |  | $ 315,000,000 |  |  |  |  | $ 365,000,000 |  |  |  |  |  |  |
Other Long-term Debt |  |  |  |  |  |  |  | 44,500,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Current Borrowing Capacity |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 365,000,000 |  |  |  |  |  |  |
Line of Credit Facility Covenant Terms Monetary |  |  | 30,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Covenant Terms, Percentage of Revolver Commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10.00% |  |  |  |  |  |  |
Balance Required for Compliance with Revolver Commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 36,500,000 |  |  |  |  |  |  |
Line of Credit Facility Covenant Terms EBITDA Ratio |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.00
Debt Instrument, Basis Spread on Variable Rate |  |  |  |  |  |  |  |  |  |  | 0.00% | 0.25% | 1.25% | 3.00% |  |  |  |  |  |  |  |
Line of Credit Facility, Remaining Borrowing Capacity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 90,000,000 |
Prepaid Expense and Other Assets, Current | 9,419,000 | 12,786,000 |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,100,000 | 3,600,000 |  |  |  |  |
Amortization Term, Deferred Financing Fees |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5 years |
Long-term Line of Credit |  |  |  | 53,200,000 |  |  | 53,200,000 |  | 42,300,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed Rate Interest Hedge, Notional Monthly Decrease |  |  |  |  |  |  |  |  | 729,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative, Fixed Interest Rate | 1.21% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Premium Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.75% | 2.25% |  |  |
Business Combination, Consideration Transferred, Liabilities Incurred |  |  |  |  | 5,900,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Periodic Payment, Principal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 810,000 |  |
Debt Instrument, Interest Rate, Effective Percentage |  |  |  |  |  | 0.15% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Effect of Swap Interest Rate Agreement | 3.46% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

X
- Definition Amount of liabilities incurred by the acquirer as part of consideration transferred in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 25 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6405-128476 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6578-128477 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6613-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of the required periodic payments applied to principal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
Name: | us-gaap_DebtInstrumentPeriodicPaymentPrincipal
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Including both current and noncurrent portions, carrying amount as of the balance sheet date of other forms of debt not elsewhere specified in the taxonomy with initial maturities beyond one year or beyond the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
Name: | us-gaap_OtherLongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 8 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765 + Details
Name: | us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition This item represents the amortization term for deferred financing fees. + References No definition available. + Details
Name: | zeus_AmortizationTermDeferredFinancingFees
Namespace Prefix: | zeus_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The minimum commitments or obligations by the company that would require the Company to maintain certain EBITDA ratios under the revolver commitments. + References No definition available. + Details
Name: | zeus_BalanceRequiredForComplianceWithRevolverCommitments
Namespace Prefix: | zeus_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The premium rate of a derivative instrument. + References No definition available. + Details
Name: | zeus_DerivativePremiumRate
Namespace Prefix: | zeus_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Forward based contracts in which two parties agree to swap periodic payments that are fixed at the outset of the swap contract with variable payments based on a market interest rate (index rate) over a specified period. Represents the effect of such an agreement as a percentage. + References No definition available. + Details
Name: | zeus_EffectOfSwapInterestRateAgreement
Namespace Prefix: | zeus_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount by which a fixed rate interest hedge notional amount is decreased on a monthly basis. + References No definition available. + Details
Name: | zeus_FixedRateInterestHedgeNotionalMonthlyDecrease
Namespace Prefix: | zeus_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Under the revolver commitments, the required ratio of EBITDA minus certain capital expenditures and cash taxes paid to fixed charges. + References No definition available. + Details
Name: | zeus_LineOfCreditFacilityCovenantTermsEBITDARatio
Namespace Prefix: | zeus_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Description of the monetary conditions for borrowing under the credit facility including the nature of any restrictions. + References No definition available. + Details
Name: | zeus_LineOfCreditFacilityCovenantTermsMonetary
Namespace Prefix: | zeus_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The percentage of covenants applied to revolver commitments in a line of credit. + References No definition available. + Details
Name: | zeus_LineOfCreditFacilityCovenantTermsPercentageofRevolverCommitments
Namespace Prefix: | zeus_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | zeus_Note5DebtDetailsLineItems
Namespace Prefix: | zeus_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration