XML 58 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net sales $ 1,436,270us-gaap_SalesRevenueGoodsNet $ 1,263,331us-gaap_SalesRevenueGoodsNet $ 1,383,701us-gaap_SalesRevenueGoodsNet
Costs and expenses      
Cost of materials sold (excludes items shown separately below) 1,160,310us-gaap_CostOfGoodsSold 999,207us-gaap_CostOfGoodsSold 1,113,852us-gaap_CostOfGoodsSold
Warehouse and processing 92,170zeus_WarehouseAndProcessing 84,332zeus_WarehouseAndProcessing 84,389zeus_WarehouseAndProcessing
Administrative and general 72,219us-gaap_GeneralAndAdministrativeExpense 68,520us-gaap_GeneralAndAdministrativeExpense 68,253us-gaap_GeneralAndAdministrativeExpense
Distribution 41,312zeus_Distribution 35,076zeus_Distribution 35,009zeus_Distribution
Selling 24,799us-gaap_SellingExpense 24,905us-gaap_SellingExpense 27,635us-gaap_SellingExpense
Occupancy 10,052us-gaap_OccupancyNet 9,395us-gaap_OccupancyNet 8,671us-gaap_OccupancyNet
Depreciation 19,891us-gaap_Depreciation 21,352us-gaap_Depreciation 19,971us-gaap_Depreciation
Amortization 889us-gaap_AmortizationOfIntangibleAssets 889us-gaap_AmortizationOfIntangibleAssets 889us-gaap_AmortizationOfIntangibleAssets
Goodwill impairment 23,836us-gaap_GoodwillImpairmentLoss [1]    [1] 6,583us-gaap_GoodwillImpairmentLoss [1]
Total costs and expenses 1,445,478us-gaap_CostsAndExpenses 1,243,676us-gaap_CostsAndExpenses 1,365,252us-gaap_CostsAndExpenses
Operating income (loss) (9,208)us-gaap_OperatingIncomeLoss [2] 19,655us-gaap_OperatingIncomeLoss [2] 18,449us-gaap_OperatingIncomeLoss
Asset impairment charge of joint venture real estate     (36)zeus_AssetImpairmentChargeOfJointVentureRealEstate
Other income (loss), net (126)us-gaap_OtherNonoperatingIncomeExpense (28)us-gaap_OtherNonoperatingIncomeExpense 83us-gaap_OtherNonoperatingIncomeExpense
Income (loss) before interest and income taxes (9,334)us-gaap_IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet 19,627us-gaap_IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet 18,496us-gaap_IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
Interest and other expense on debt 6,780us-gaap_InterestAndDebtExpense 6,703us-gaap_InterestAndDebtExpense 8,357us-gaap_InterestAndDebtExpense
Income (loss) before income taxes (16,114)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 12,924us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 10,139us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision 2,950us-gaap_IncomeTaxExpenseBenefit 5,277us-gaap_IncomeTaxExpenseBenefit 7,862us-gaap_IncomeTaxExpenseBenefit
Net income (loss) (19,064)us-gaap_NetIncomeLoss 7,647us-gaap_NetIncomeLoss 2,277us-gaap_NetIncomeLoss
Net gain (loss) on interest rate hedge 324us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet 231us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet (941)us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
Net loss on cash flow hedges (312)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax    
Tax effect of hedges (125)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax (89)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax 362us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
Total comprehensive income (loss) $ (19,177)us-gaap_ComprehensiveIncomeNetOfTax $ 7,789us-gaap_ComprehensiveIncomeNetOfTax $ 1,698us-gaap_ComprehensiveIncomeNetOfTax
Net income (loss) per share - basic (in Dollars per share) $ (1.71)us-gaap_EarningsPerShareBasic $ 0.69us-gaap_EarningsPerShareBasic $ 0.21us-gaap_EarningsPerShareBasic
Weighted average shares outstanding - basic (in Shares) 11,120us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 11,065us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 10,989us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Net income (loss) per share - diluted (in Dollars per share) $ (1.71)us-gaap_EarningsPerShareDiluted $ 0.69us-gaap_EarningsPerShareDiluted $ 0.21us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding - diluted (in Shares) 11,120us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 11,074us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 10,995us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] The goodwill impairment in 2014 related to the tubular and pipe products segment. The goodwill impairment in 2012 related the to flat products segment's Southern region.
[2] Operating income includes $365 of LIFO expense in 2014 and $3,572 of LIFO income in 2013 and a $23,836 goodwill impairment charge related to the Company's tubular and pipe products segment in the forth quarter of 2014.