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Joint Venture
3 Months Ended
Mar. 31, 2012
Joint Venture [Abstract]  
Joint Venture

(12) Joint Venture

Kreher Steel Co., LLC is a 50% owned joint venture of the Company. It is a metals distributor of bulk quantities of alloy, special bar quality and stainless steel bars, headquartered in Melrose Park, Illinois.

The following information summarizes financial data for this joint venture for the three months ended March 31, 2012 and 2011:

 

                 
    For the Three Months Ended
March 31,
 
    2012     2011  

Net sales

  $ 76,805     $ 63,599  

Cost of materials

    63,398       51,278  

Income before taxes

    7,101       6,728  

Net income

    6,016       5,718