XML 39 R35.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 5 - Debt (Details) (USD $)	3 Months Ended	0 Months Ended	1 Months Ended
	Mar. 31, 2015	Apr. 02, 2015	Jul. 31, 2011	Dec. 31, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2014
Note 5 - Debt (Details) [Line Items]
Prepaid Expense and Other Assets, Current	$ 15,359,000us-gaap_PrepaidExpenseAndOtherAssetsCurrent			$ 20,434,000us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Derivative, Fixed Interest Rate	1.21%us-gaap_DerivativeFixedInterestRate
Effect of Swap Interest Rate Agreement	3.46%zeus_EffectOfSwapInterestRateAgreement
Availability Dollar Amount [Member] | ABL Credit Facility [Member] | Asset-Based Revolving Credit Facility Due June 30, 2019 [Member]
Note 5 - Debt (Details) [Line Items]
Line of Credit Facility Covenant Terms Monetary	30,000,000zeus_LineOfCreditFacilityCovenantTermsMonetary / us-gaap_CreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302019Member / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember / us-gaap_StatementScenarioAxis = zeus_AvailabilityDollarAmountMember
ABL Credit Facility [Member] | Minimum [Member] | Base Rate [Member] | Asset-Based Revolving Credit Facility Due June 30, 2019 [Member]
Note 5 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302019Member / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MinimumMember / us-gaap_VariableRateAxis = us-gaap_BaseRateMember
ABL Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Asset-Based Revolving Credit Facility Due June 30, 2019 [Member]
Note 5 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302019Member / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MinimumMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember
ABL Credit Facility [Member] | Maximum [Member] | Base Rate [Member] | Asset-Based Revolving Credit Facility Due June 30, 2019 [Member]
Note 5 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302019Member / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MaximumMember / us-gaap_VariableRateAxis = us-gaap_BaseRateMember
ABL Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Asset-Based Revolving Credit Facility Due June 30, 2019 [Member]
Note 5 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302019Member / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MaximumMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember
ABL Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Term Loan [Member]
Note 5 - Debt (Details) [Line Items]
Long-term Line of Credit					53,200,000us-gaap_LineOfCredit / us-gaap_DebtInstrumentAxis = zeus_TermLoanMember / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember
ABL Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Term Loan [Member]
Note 5 - Debt (Details) [Line Items]
Long-term Line of Credit						53,200,000us-gaap_LineOfCredit / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember / us-gaap_LongtermDebtTypeAxis = zeus_TermLoanMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember
ABL Credit Facility [Member] | Term Loan [Member]
Note 5 - Debt (Details) [Line Items]
Other Long-term Debt							44,500,000us-gaap_OtherLongTermDebt / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember / us-gaap_LongtermDebtTypeAxis = zeus_TermLoanMember
ABL Credit Facility [Member] | Asset-Based Revolving Credit Facility Due June 30, 2016 [Member]
Note 5 - Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							315,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302016Member / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember
ABL Credit Facility [Member] | Asset-Based Revolving Credit Facility Due June 30, 2019 [Member]
Note 5 - Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	365,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302019Member / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember
Line of Credit Facility, Current Borrowing Capacity	365,000,000us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity / us-gaap_CreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302019Member / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember
Line of Credit Facility, Covenant Terms, Percentage of Revolver Commitments	10.00%zeus_LineOfCreditFacilityCovenantTermsPercentageofRevolverCommitments / us-gaap_CreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302019Member / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember
Balance Required for Compliance with Revolver Commitments	36,500,000zeus_BalanceRequiredForComplianceWithRevolverCommitments / us-gaap_CreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302019Member / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember
ABL Credit Facility [Member]
Note 5 - Debt (Details) [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	103,000,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember
Debt Instrument, Periodic Payment, Principal		840,000us-gaap_DebtInstrumentPeriodicPaymentPrincipal / us-gaap_LineOfCreditFacilityAxis = zeus_ABLCreditFacilityMember
Asset-Based Revolving Credit Facility Due June 30, 2019 [Member]
Note 5 - Debt (Details) [Line Items]
Line of Credit Facility Covenant Terms EBITDA Ratio	1.00zeus_LineOfCreditFacilityCovenantTermsEBITDARatio / us-gaap_LineOfCreditFacilityAxis = zeus_AssetBasedRevolvingCreditFacilityDueJune302019Member
Minimum [Member]
Note 5 - Debt (Details) [Line Items]
Derivative Premium Rate	1.75%zeus_DerivativePremiumRate / us-gaap_RangeAxis = us-gaap_MinimumMember
Maximum [Member]
Note 5 - Debt (Details) [Line Items]
Derivative Premium Rate	2.25%zeus_DerivativePremiumRate / us-gaap_RangeAxis = us-gaap_MaximumMember
Chicago Tube and Iron Company Acquisition [Member] | Industrial Revenue Bond [Member]
Note 5 - Debt (Details) [Line Items]
Business Combination, Consideration Transferred, Liabilities Incurred			5,900,000us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred / us-gaap_BusinessAcquisitionAxis = zeus_ChicagoTubeAndIronCompanyAcquisitionMember / us-gaap_DebtInstrumentAxis = zeus_IndustrialRevenueBondMember
Debt Instrument, Interest Rate, Effective Percentage	0.14%us-gaap_DebtInstrumentInterestRateEffectivePercentage / us-gaap_BusinessAcquisitionAxis = zeus_ChicagoTubeAndIronCompanyAcquisitionMember / us-gaap_DebtInstrumentAxis = zeus_IndustrialRevenueBondMember
Amortized Banking Fees [Member]
Note 5 - Debt (Details) [Line Items]
Prepaid Expense and Other Assets, Current	3,300,000us-gaap_PrepaidExpenseAndOtherAssetsCurrent / us-gaap_FairValueByAssetClassAxis = zeus_AmortizedBankingFeesMember
Interest Rate Swap [Member]
Note 5 - Debt (Details) [Line Items]
Long-term Line of Credit	37,900,000us-gaap_LineOfCredit / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember
Fixed Rate Interest Hedge, Notional Monthly Decrease	$ 729,000zeus_FixedRateInterestHedgeNotionalMonthlyDecrease / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember

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 30

-Paragraph 7

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- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

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- Definition

Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

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-Name Accounting Standards Codification

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Amount of the required periodic payments applied to principal.

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- Definition

Fixed interest rate related to the interest rate derivative.

+ References

No definition available.

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- 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.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

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-Paragraph 1

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- 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

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- 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.

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Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).

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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.

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- 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.

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- 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.

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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

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+ References

No definition available.

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- 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.

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- Definition

Description of the monetary conditions for borrowing under the credit facility including the nature of any restrictions.

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- Definition

The percentage of covenants applied to revolver commitments in a line of credit.

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