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Segment Reporting - (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Geographic Schedule of Revenue and Long-lived Assets
Company-wide geographic data as of and for the years ended December 31, 2015, 2014 and 2013 are as follows:
 
2015
 
2014
 
2013
Net sales
 
 
 
 
 
United States
$
554,943

 
$
736,236

 
$
817,714

All other countries
215,815

 
243,601

 
235,352

Total
$
770,758

 
$
979,837

 
$
1,053,066

Long-lived assets
 
 
 
 
 
United States
$
59,603

 
$
58,278

 
63,667

All other countries
11,790

 
14,557

 
13,027

Total
$
71,393

 
$
72,835

 
76,694

Schedule of Segment Reporting Information, by Segment
Segment information as of and for the years ended December 31, 2015, 2014 and 2013 is as follows:
 
Net
Sales
 
Operating
(Loss)
     Income (b)
 
Total
     Assets (b)
 
Capital
Expenditures
 
Depreciation &
Amortization
2015
 
 
 
 
 
 
 
 
 
Metals segment
$
637,936

 
$
(177,087
)
 
$
404,936

 
$
7,171

 
$
23,317

Plastics segment
132,822

 
6,422

 
57,027

 
1,079

 
1,537

Other (a)

 
(11,009
)
 
35,690

 

 

Consolidated
$
770,758

 
$
(181,674
)
 
$
497,653

 
$
8,250

 
$
24,854

2014
 
 
 
 
 
 
 
 
 
Metals segment
$
841,672

 
$
(98,673
)
 
$
612,261

 
$
11,184

 
$
24,380

Plastics segment
138,165

 
6,354

 
60,970

 
1,167

 
1,664

Other (a)

 
(10,520
)
 
37,443

 

 

Consolidated
$
979,837

 
$
(102,839
)
 
$
710,674

 
$
12,351

 
$
26,044

2013
 
 
 
 
 
 
 
 
 
Metals segment
$
918,298

 
$
(20,489
)
 
$
707,233

 
$
10,181

 
$
24,579

Plastics segment
134,768

 
4,278

 
57,373

 
1,423

 
1,609

Other (a)

 
(8,379
)
 
41,879

 

 

Consolidated
$
1,053,066

 
$
(24,590
)
 
$
806,485

 
$
11,604

 
$
26,188


(a) “Other” – Operating loss includes the costs of executive, legal and elements of the finance department, which are shared by both the Metals and Plastics segments. The “Other” category’s total assets consist of the Company’s investment in joint venture.
(b) During the fourth quarter of 2015, the Company changed its method of accounting for U.S metals inventories, which were previously accounted for under LIFO method, to the average cost method. The change was applied retrospectively to the prior year financial information presented. See Note 1 for discussion of this accounting change and its related impact.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Below are reconciliations of segment data to the consolidated loss before income taxes:
 
2015
 
2014
 
2013
Operating loss (a)
$
(181,674
)
 
$
(102,839
)
 
$
(24,590
)
Interest expense, net
41,980

 
40,548

 
40,542

Loss on extinguishment of debt

 

 
2,606

Other expense, net
6,306

 
4,323

 
1,924

Loss before income taxes and equity in earnings (losses) of joint venture (a)
(229,960
)
 
(147,710
)
 
(69,662
)
Equity in earnings (losses) of joint venture
(1,426
)
 
7,691

 
6,987

Consolidated loss before income taxes (a)
$
(231,386
)
 
$
(140,019
)
 
$
(62,675
)