XML 70 R20.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Note 13 - Commitments and Contingencies | 12 Months Ended
--- | ---
Dec. 31, 2019
Notes to Financial Statements |
Commitments and Contingencies Disclosure [Text Block] | 13. Commitments and Contingencies : The Company is party to various legal actions that it believes are ordinary in nature and incidental to the operation of its business. In the opinion of management, the outcome of the proceedings to which the Company is currently a party will not have a material adverse effect upon its results of operations, financial condition or cash flows. During 2017, the Company recorded $1.0 million related to a settlement of a commercial dispute. The amount was included in “Administrative and general” expenses in the Consolidated Statements of Comprehensive Income In the normal course of business, the Company periodically enters into agreements that incorporate indemnification provisions. While the maximum amount to which the Company may be exposed under such agreements cannot be estimated, it is the opinion of management that these indemnifications are not expected to have a material adverse effect on the Company’s results of operations or financial condition. At December 31, 2019, approximately 330 of the hourly plant personnel are represented by nine separate collective bargaining units. The table below shows the expiration dates of the collective bargaining agreements.
Facility | Expiration date
Locust, North Carolina | March 4, 2020
Romeoville, Illinois | May 31, 2020
Minneapolis coil, Minnesota | September 30, 2020
Indianapolis, Indiana | January 29, 2021
St. Paul, Minnesota | May 25, 2021
Milan, Illinois | August 12, 2021
Minneapolis plate, Minnesota | March 31, 2022
Detroit, Michigan | August 31, 2022
Hammond, Indiana | November 30, 2024

X
- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -URI http://asc.fasb.org/topic&trid=2127136 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration