XML 17 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting - (Tables)
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment information for the three months ended June 30, 2014 and 2013 is as follows:
 
Net
Sales
 
Operating
(Loss) Income
 
Capital
Expenditures
 
Depreciation &
Amortization
2014
 
 
 
 
 
 
 
Metals segment
$
214,095

 
$
(70,155
)
 
$
1,859

 
$
6,103

Plastics segment
35,397

 
1,667

 
428

 
430

Other (a)

 
(3,403
)
 

 

Consolidated
$
249,492

 
$
(71,891
)
 
$
2,287

 
$
6,533

2013
 
 
 
 
 
 
 
Metals segment
$
239,450

 
$
(2,576
)
 
$
3,520

 
$
6,211

Plastics segment
33,960

 
720

 
309

 
422

Other (a)

 
(1,907
)
 

 

Consolidated
$
273,410

 
$
(3,763
)
 
$
3,829

 
$
6,633

Segment information for the six months ended June 30, 2014 and 2013 is as follows:
 
Net
Sales
 
Operating
(Loss) Income
 
Capital
Expenditures
 
Depreciation &
Amortization
2014
 
 
 
 
 
 
 
Metals segment
$
433,158

 
$
(76,387
)
 
$
3,737

 
$
12,159

Plastics segment
69,744

 
3,174

 
562

 
831

Other (a)

 
(6,000
)
 

 

Consolidated
$
502,902

 
$
(79,213
)
 
$
4,299

 
$
12,990

2013
 
 
 
 
 
 
 
Metals segment
$
497,830

 
$
(2,851
)
 
$
4,647

 
$
12,376

Plastics segment
68,294

 
1,901

 
789

 
828

Other (a)

 
(3,786
)
 

 

Consolidated
$
566,124

 
$
(4,736
)
 
$
5,436

 
$
13,204


(a) “Other” – Operating loss includes the costs of executive, legal and finance departments, which are shared by both the Metals and Plastics segments.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Below are reconciliations of segment data to consolidated loss before income taxes for the three months ended June 30, 2014 and 2013:
 
Three months ended June 30,
 
2014
 
2013
Operating loss
$
(71,891
)
 
$
(3,763
)
Interest expense, net
(9,888
)
 
(10,090
)
Other income
1,590

 
745

Loss before income taxes and equity in earnings of joint venture
(80,189
)
 
(13,108
)
Equity in earnings of joint venture
1,794

 
1,494

Consolidated loss before income taxes
$
(78,395
)
 
$
(11,614
)
Below are reconciliations of segment data to consolidated loss before income taxes for the six months ended June 30, 2014 and 2013:
 
Six months ended June 30,
 
2014
 
2013
Operating loss
$
(79,213
)
 
$
(4,736
)
Interest expense, net
(19,840
)
 
(20,278
)
Other income (expense)
908

 
(1,554
)
Loss before income taxes and equity in earnings of joint venture
(98,145
)
 
(26,568
)
Equity in earnings of joint venture
3,701

 
2,963

Consolidated loss before income taxes
$
(94,444
)
 
$
(23,605
)
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
Segment information for total assets is as follows:
 
June 30,
2014
 
December 31,
2013
Metals segment
$
523,287

 
$
580,570

Plastics segment
62,982

 
57,373

Other (a)
44,495

 
41,879

Consolidated
$
630,764

 
$
679,822

(a) “Other” — Total assets consist of the Company's investment in joint venture.