XML 57 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Information (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Condensed Consolidating Financial Statements    
Net sales $ 1,982,040 $ 2,015,969
Costs of goods sold 1,780,776 1,720,215
Gross profit (loss) 201,264 295,754
Selling, general and administrative 81,448 90,428
Operating income (loss) 119,816 205,326
Interest expense, net of capitalized interest 41,112 43,346
Other (income) expense, net 10,248 (4,567)
Income (loss) before income taxes and equity in net income of subsidiaries 68,456 166,547
Income taxes (benefit) 26,679 62,317
Net income (loss) 41,777 104,230
Net loss attributable to noncontrolling interests 3,898 1,673
Net income attributable to Steel Dynamics, Inc. 45,675 105,903
Parent
   
Condensed Consolidating Financial Statements    
Net sales 913,193 912,817
Costs of goods sold 785,567 729,541
Gross profit (loss) 127,626 183,276
Selling, general and administrative 27,566 36,664
Operating income (loss) 100,060 146,612
Interest expense, net of capitalized interest 27,217 25,696
Other (income) expense, net 10,769 (3,179)
Income (loss) before income taxes and equity in net income of subsidiaries 62,074 124,095
Income taxes (benefit) 15,870 40,929
Net income (loss) 46,204 83,166
Equity in net loss of subsidiaries (4,427) 22,737
Net income attributable to Steel Dynamics, Inc. 41,777 105,903
Guarantors
   
Condensed Consolidating Financial Statements    
Net sales 2,308,156 2,301,547
Costs of goods sold 2,198,898 2,165,378
Gross profit (loss) 109,258 136,169
Selling, general and administrative 54,555 55,893
Operating income (loss) 54,703 80,276
Interest expense, net of capitalized interest 13,606 17,262
Other (income) expense, net (1,064) (2,675)
Income (loss) before income taxes and equity in net income of subsidiaries 42,161 65,689
Income taxes (benefit) 16,134 24,904
Net income (loss) 26,027 40,785
Net income attributable to Steel Dynamics, Inc. 26,027 40,785
Combined Non-Guarantors
   
Condensed Consolidating Financial Statements    
Net sales 46,835 47,522
Costs of goods sold 63,894 57,595
Gross profit (loss) (17,059) (10,073)
Selling, general and administrative 2,459 2,122
Operating income (loss) (19,518) (12,195)
Interest expense, net of capitalized interest 1,710 2,314
Other (income) expense, net (877) (718)
Income (loss) before income taxes and equity in net income of subsidiaries (20,351) (13,791)
Income taxes (benefit) 353 43
Net income (loss) (20,704) (13,834)
Net loss attributable to noncontrolling interests 3,898 1,673
Net income attributable to Steel Dynamics, Inc. (16,806) (12,161)
Consolidating Adjustments
   
Condensed Consolidating Financial Statements    
Net sales (1,286,144) (1,245,917)
Costs of goods sold (1,267,583) (1,232,299)
Gross profit (loss) (18,561) (13,618)
Selling, general and administrative (3,132) (4,251)
Operating income (loss) (15,429) (9,367)
Interest expense, net of capitalized interest (1,421) (1,926)
Other (income) expense, net 1,420 2,005
Income (loss) before income taxes and equity in net income of subsidiaries (15,428) (9,446)
Income taxes (benefit) (5,678) (3,559)
Net income (loss) (9,750) (5,887)
Equity in net loss of subsidiaries 4,427 (22,737)
Net income attributable to Steel Dynamics, Inc. $ (5,323) $ (28,624)