XML 53 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Transactions with Affiliated Companies (Tables)
 12 Months Ended
Dec. 31, 2018
Transactions with Affiliated Companies [Abstract]  
Schedule of Related Party Transactions

The company purchases and sells recycled and scrap metal with other smaller affiliated companies. These transactions for the years ended December 31, are as follows (in thousands): 





 

 

 

 

 

 

 

 

 

 



 

2018

 

2017

 

2016

 



Sales

$

 20,230 

 

$

 23,603 

 

$

 27,305 

 



Accounts receivable

 

 3,536 

 

 

 3,068 

 

 

 5,483 

 



Purchases

 

 244,551 

 

 

 219,975 

 

 

 165,091 

 



Accounts payable

 

 14,011 

 

 

 15,020 

 

 

 12,576 

 



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





 

 

 

 

 

 

 

 

 

 



 

2017

 

2016

 

 

 

 



Sales

$

 150,981 

 

$

 142,624 

 

 

 

 



    Percentage of consolidated net sales

 

 2% 

 

 

 2% 

 

 

 

 



Accounts receivable

 

 19,354 

 

 

 20,737 

 

 

 

 



Purchases

 

 10,684 

 

 

 9,017 

 

 

 

 



Accounts payable

 

 663 

 

 

 494