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Business Segments (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The following table illustrates revenues and profits (losses) from operations of the Company by segment for the periods indicated:
 
 
Three Months Ended
June 30, 2017
 
Six Months Ended
June 30, 2017
 
 
Net Sales
 
Segment Profit (Loss)
 
Net Sales
 
Segment Profit (Loss)
Rail Products and Services
 
$
69,347

 
$
3,977

 
$
125,827

 
$
5,466

Construction Products
 
45,465

 
4,551

 
82,787

 
5,770

Tubular and Energy Services
 
30,048

 
(17
)
 
54,948

 
(525
)
Total
 
$
144,860

 
$
8,511

 
$
263,562

 
$
10,711

 
 
Three Months Ended
June 30, 2016
 
Six Months Ended
June 30, 2016
 
 
Net Sales
 
Segment Profit (Loss)
 
Net Sales
 
Segment Profit (Loss)
Rail Products and Services
 
$
67,503

 
$
(25,168
)
 
$
131,795

 
$
(24,427
)
Construction Products
 
40,348

 
3,944

 
72,228

 
4,392

Tubular and Energy Services
 
28,143

 
(102,983
)
 
58,281

 
(104,910
)
Total
 
$
135,994

 
$
(124,207
)
 
$
262,304

 
$
(124,945
)
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table provides a reconciliation of reportable segment net profit (loss) from operations to the Company’s consolidated total:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2017
 
2016
 
2017
 
2016
Profit (loss) for reportable segments
 
$
8,511

 
$
(124,207
)
 
$
10,711

 
$
(124,945
)
Interest expense
 
(2,181
)
 
(1,652
)
 
(4,289
)
 
(2,822
)
Interest income
 
54

 
52

 
110

 
107

Other income (expense)
 
18

 
(107
)
 
13

 
(822
)
LIFO (expense) income
 
(192
)
 
452

 
(181
)
 
525

Equity in income (loss) of nonconsolidated investments
 
145

 
(487
)
 
(55
)
 
(683
)
Corporate expense, cost of capital elimination, and other unallocated charges
 
(2,856
)
 
(3,476
)
 
(4,801
)
 
(4,934
)
Income (loss) before income taxes
 
$
3,499

 
$
(129,425
)
 
$
1,508

 
$
(133,574
)
Reconciliation of Assets from Segment to Consolidated
The following table illustrates assets of the Company by segment:
 
 
June 30,
2017
 
December 31,
2016
Rail Products and Services
 
$
186,588

 
$
174,049

Construction Products
 
81,953

 
81,074

Tubular and Energy Services
 
99,076

 
100,006

Unallocated corporate assets
 
25,393

 
37,894

Total
 
$
393,010

 
$
393,023