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Business Segments (Tables)
9 Months Ended
Sep. 30, 2015
Business Segments [Abstract]  
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 2015

 

September 30, 2015

 

 

 

Net

 

Segment

 

Net

 

Segment

 

 

 

Sales

 

Profit

 

Sales

 

Profit

 

 

 

 

 

Rail Products and Services

$

87,972 

$

6,984 

$

252,530 

$

19,469 

 

Construction Products

 

54,093 

 

4,456 

 

137,899 

 

10,842 

 

Tubular and Energy Services

 

33,994 

 

(79,873)

*

94,956 

 

(77,557)

*

Total

$

176,059 

$

(68,433)

$

485,385 

$

(47,246)

 

 

* - Segment profit includes impairment of goodwill as further described in Note 4.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30, 2014

 

September 30, 2014

 

 

Net

 

Segment

 

Net

 

Segment

 

 

Sales

 

Profit

 

Sales

 

Profit

 

 

 

Rail Products and Services

$

102,105 

$

11,533 

$

283,085 

$

23,685 

Construction Products

 

49,907 

 

3,251 

 

119,100 

 

7,838 

Tubular and Energy Services

 

15,785 

 

1,661 

 

43,858 

 

4,973 

Total

$

167,797 

$

16,445 

$

446,043 

$

36,496 

 

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(Loss) income for reportable segments

$

(68,433)

$

16,445 

$

(47,246)

$

36,496 

Interest expense

 

(1,265)

 

(126)

 

(3,166)

 

(375)

Interest income

 

66 

 

140 

 

160 

 

431 

Other income

 

537 

 

42 

 

1,245 

 

315 

LIFO income

 

181 

 

302 

 

581 

 

500 

Equity in (loss) income of nonconsolidated investments

 

(299)

 

477 

 

(312)

 

823 

Corporate expense, cost of capital elimination, and other unallocated charges

 

(989)

 

(3,423)

 

(6,974)

 

(8,782)

(Loss) Income before income taxes

$

(70,202)

$

13,857 

$

(55,712)

$

29,408 

 

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

2015

 

2014

Rail Products and Services

$

263,208 

$

239,951 

Construction Products

 

96,764 

 

102,978 

Tubular and Energy Services

 

226,692 

 

130,289 

Unallocated corporate assets

 

32,618 

 

30,192 

LIFO

 

(7,708)

 

(8,289)

Total

$

611,574 

$

495,121