Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Summary of Segment information

Segment information for the three months ended September 30, 2012 and 2011 is as follows:

	Net Sales		Operating Income			Capital Expenditures		Depreciation  & Amortization
2012
Metals segment (a)	$	272,445	$	14,488		$	3,232	$	5,912
Plastics segment		31,594		1,011			800		351
Other (b)		—		(2,951	)		—		—
Consolidated	$	304,039	$	12,548		$	4,032	$	6,263
2011
Metals segment	$	264,368	$	4,298		$	2,919	$	4,619
Plastics segment		30,492		1,039			498		242
Other		—		(2,164	)		—		—
Consolidated	$	294,860	$	3,173		$	3,417	$	4,861

Segment information for the nine months ended September 30, 2012 and 2011 is as follows:

	Net Sales		Operating Income			Capital Expenditures		Depreciation  & Amortization
2012
Metals segment (a)	$	901,581	$	46,251		$	6,552	$	18,335
Plastics segment		94,766		2,612			1,571		1,015
Other (b)		—		(8,848	)		—		—
Consolidated	$	996,347	$	40,015		$	8,123	$	19,350
2011
Metals segment	$	761,213	$	12,979		$	6,862	$	14,041
Plastics segment		89,003		2,663			1,374		878
Other		—		(6,070	)		—		—
Consolidated	$	850,216	$	9,572		$	8,236	$	14,919

(a) The results of Tube Supply, Inc. (“Tube Supply”), acquired on December 15, 2011, are included in the Company’s Metals segment.

(b) “Other” – Operating income includes the costs of executive, legal and finance departments, which are shared by both the Metals and Plastics segments.

Reconciliations of segment data to the consolidated financial statements

Below are reconciliations of segment data to the consolidated financial statements for the three months ended September 30, 2012 and 2011:

	September 30,
	2012			2011
Operating income	$	12,548		$	3,173
Interest expense, net		(10,280	)		(1,221	)
Income before income taxes and equity in earnings of joint venture		2,268			1,952
Equity in earnings of joint venture		1,358			3,117
Consolidated income before income taxes	$	3,626		$	5,069

Below are reconciliations of segment data to the consolidated financial statements for the nine months ended September 30, 2012 and 2011:

	September 30,
	2012			2011
Operating income	$	40,015		$	9,572
Interest expense, net Interest expense - unrealized loss on debt conversion option		(30,437 (15,597	)  )		(3,327 —	)
(Loss) income before income taxes and equity in earnings of joint venture		(6,019	)		6,245
Equity in earnings of joint venture		6,099			8,958
Consolidated income before income taxes	$	80		$	15,203

Segment information for total assets

Segment information for total assets is as follows:

	September 30, 2012		December 31, 2011
Metals segment	$	786,652	$	729,692
Plastics segment		57,782		56,171
Other (a)		40,731		36,460
Consolidated	$	885,165	$	822,323

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