Segment Information (Tables)

3 Months Ended

Mar. 31, 2016

Segment Information

Schedule of operating segment results

The company’s segment results for the three months ended March 31, 2016, and 2015, each adjusted consistent with our current reportable segments presentation, are as follows (in thousands):

For the three months ended			Metals Recycling			Steel Fabrication
March 31, 2016	Steel Operations		Operations			Operations		Other			Eliminations			Consolidated
Net Sales
External	$	1,156,969	$	236,757		$	180,041	$	74,626		$	—		$	1,648,393
External Non-U.S.	60,207		32,650			14		37			—			92,908
Other segments	41,212		217,778			26		1,226			(260,242		)	—
	1,258,388		487,185			180,081		75,889			(260,242		)	1,741,301
Operating income (loss)	132,275		2,767			32,016		(31,930		)(1)	(3,163		)(2)	131,965
Income (loss) before income taxes	109,375		(223		)	30,016		(39,291		)	(3,163		)	96,714
Depreciation and amortization	52,483		14,580			2,821		4,152			(51		)	73,985
Capital expenditures	23,904		3,080			604		120			—			27,708
As of March 31, 2016
Assets	$	3,836,481	$	1,048,643		$	315,659	$	1,295,859	(3)	$	(105,000	)(4)	$	6,391,642

Footnotes related to the three months ended March 31, 2016 segment results (in millions):

(1)	Corporate SG&A	$	(11.1	)
	Company-wide equity-based compensation	(7.0		)
	Profit sharing	(8.2		)
	Minnesota ironmaking operations	(4.3		)
	Other, net	(1.3		)
		$	(31.9	)
(2)	Gross profit decrease from intra-company sales	$	(3.2	)
(3)	Cash and equivalents	$	895.4
	Accounts receivable	22.7
	Inventories	30.2
	Property, plant and equipment, net	302.6
	Intra-company debt	6.8
	Other	38.2
		$	1,295.9
(4)	Elimination of intra-company receivables	$	(91.6	)
	Elimination of intra-company debt	(6.8		)
	Other	(6.6		)
		$	(105.0	)

For the three months ended			Metals Recycling			Steel Fabrication
March 31, 2015	Steel Operations		Operations			Operations		Other			Eliminations			Consolidated
Net Sales
External	$	1,313,426	$	374,292		$	161,024	$	75,232		$	—		$	1,923,974
External Non-U.S.	71,993		51,303			—		165			—			123,461
Other segments	48,903		226,416			4		18,203			(293,526		)	—
	1,434,322		652,011			161,028		93,600			(293,526		)	2,047,435
Operating income (loss)	114,965		(4,498		)	21,361		(35,902		)(1)	3,845		(2)	99,771
Income (loss) before income taxes	89,331		(10,536		)	19,594		(61,742		)	3,845			40,492
Depreciation and amortization	50,970		17,280			2,230		2,393			(51		)	72,822
Capital expenditures	16,200		6,415			1,037		9,699			—			33,351

Footnotes related to the three months ended March 31, 2015 segment results (in millions):

(1)	Corporate SG&A	$	(9.4	)
	Company-wide equity-based compensation	(5.9		)
	Profit sharing	(3.5		)
	Minnesota ironmaking operations	(13.0		)
	Other, net	(4.1		)
		$	(35.9	)
(2)	Gross profit increase from intra-company sales	$	3.8