Joint Venture

6 Months Ended

Jun. 30, 2015

Equity Method Investments and Joint Ventures [Abstract]

Joint Venture

Joint Venture

Kreher Steel Company, LLC is a 50% owned joint venture of the Company. Kreher is a national distributor and processor of carbon and alloy steel bar products, headquartered in Melrose Park, Illinois.

The following information summarizes financial data for this joint venture for the three and six months ended June 30, 2015 and 2014, respectively:

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
Net sales	$	41,014	$	62,608	$	93,620	$	127,859
Cost of materials	35,045		52,100		79,395		106,403
Income before taxes	760		4,639		2,750		9,443
Net income	902		3,588		2,652		7,402