Business Segments

3 Months Ended

Mar. 31, 2012

Business Segments [Abstract]

BUSINESS SEGMENTS

2. BUSINESS SEGMENTS

The Company is organized and evaluated by product group, which is the basis for identifying reportable segments. The Company is engaged in the manufacture, fabrication and distribution of rail, construction and tubular products and services.

The following table illustrates revenues and profits of the Company by segment for the periods indicated:

	Three Months Ended
	March 31, 2012				March 31, 2011
	Net		Segment		Net		Segment
	Sales		Profit		Sales		Profit
	In thousands
Rail products	$	69,195	$	3,670	$	64,573	$	725
Construction products		40,035		686		46,780		1,694
Tubular products		9,297		2,312		5,751		744
Total	$	118,527	$	6,668	$	117,104	$	3,163

Segment profits, as shown above, include internal cost of capital charges for assets used in the segment at a rate of, generally, 1% per month. There has been no change in the measurement of segment profit from December 31, 2011.

The following table provides a reconciliation of reportable segment net profit to the Company's consolidated total:

	Three Months Ended
	March 31,
	2012			2011
	In thousands
Income for reportable segments	$	6,668		$	3,163
Cost of capital for reportable segments		4,427			3,334
Interest expense		(140	)		(138	)
Interest income		100			56
Other income/(expense)		486			(87	)
LIFO expense		(45	)		(131	)
Equity in income of nonconsolidated investment		23			87
Corporate expense and other unallocated charges		(6,422	)		(5,300	)
Income before income taxes	$	5,097		$	984