Accounts Receivable

12 Months Ended

Dec. 31, 2011

Accounts Receivable [Abstract]

Accounts Receivable

Note 5.

Accounts Receivable

Accounts receivable at December 31, 2011 and 2010 are summarized as follows:

	2011			2010
	In thousands
Trade	$	68,403		$	68,509
Allowance for doubtful accounts		(1,810	)		(1,601	)
		66,593			66,908
Other		1,934			2,789
	$	68,527		$	69,697

Bad debt expense/(recovery) was $261,000, $247,000 and ($564,000) in 2011, 2010 and 2009, respectively.

The Company's customers are principally in the Rail, Construction and Tubular segments of the economy.  As of December 31, 2011 and 2010, trade receivables, net of allowance for doubtful accounts, from customers in these markets were as follows:

	2011		2010
	In thousands
Rail	$	32,574	$	35,687
Construction		30,687		28,474
Tubular		3,332		2,747
	$	66,593	$	66,908

Credit is extended on an evaluation of the customer's financial condition and generally collateral is not required.