Transactions with Affiliated Companies

12 Months Ended

Dec. 31, 2017

Transactions with Affiliated Companies [Abstract]

Transactions with Affiliated Companies

Note 10. Transactions with Affiliated Companies

The company sells flat roll products to and occasionally purchases ferrous materials from Heidtman. The president and chief executive officer of Heidtman was a member of the company’s board of directors through May 2017. Transactions with Heidtman for the years ended December 31, are as follows (in thousands):

	2017		2016		2015
Sales	$	150,981	$	142,624	$	162,742
Percentage of consolidated net sales		2%		2%		2%
Accounts receivable		19,354		20,737		30,627
Purchases		10,684		9,017		11,429
Accounts payable		663		494		431

The company also purchases and sells recycled and scrap metal with other smaller affiliated companies. These transactions are as follows (in thousands): 

	2017		2016		2015
Sales	$	23,603	$	27,305	$	24,436
Accounts receivable		3,068		5,483		3,645
Purchases		219,975		165,091		178,102
Accounts payable		15,020		12,576		6,199