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Consolidated Statements Of Operations (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net Sales $ 891.1 $ 850.3 [1] $ 962.2 $ 1,090.6 [2] $ 1,121.6 $ 1,035.0 [3] $ 1,218.8 [4] $ 1,289.0 [5] $ 1,187.0 [6] $ 4,024.7 $ 4,729.8 $ 3,895.5
Cost of materials sold 735.3       930.8         3,315.1 4,071.0 3,355.7
Gross profit 155.8 154.3 [1] 180.5 184.0 [2] 190.8 164.5 [3] 173.7 [4] 163.9 [5] 156.7 [6] 709.6 658.8 539.8
Warehousing, delivery, selling, general and administrative 121.7       131.4         508.2 539.8 505.7
Restructuring and other charges   1.1       9.8       1.1 11.1 12.0
Gain on Insurance Settlement                       (2.6)
Impairment charges on fixed assets and goodwill 0.9 0.1   0.9   3.1 2.2 2.5   1.0 9.3 1.4
Pension and other postretirement benefits curtailment (gain) loss                   (1.7)   2.0
Operating profit (loss) 33.2       59.4         201.0 98.6 21.3
Other expense:                        
Other income and (expense), net 1.2       (0.3)         (18.0) 4.6 (3.2)
Interest and other expense on debt (28.4)       (19.3)         (86.4) (80.1) (75.2)
Income (loss) before income taxes 6.0 (7.9) [1] 32.1 32.6 [2] 39.8 2.3 [3] 13.7 [4] (0.1) [5] 7.2 [6] 96.6 23.1 (57.1)
Provision (benefit) for income taxes 1.1 15.2     2.7 (21.5)       (7.2) (11.5) 12.9
Net income (loss) 4.9 5.7 [1] 31.6 29.4 [2] 37.1 23.8 [3] 10.2 [4] (7.8) [5] 8.4 [6] 103.8 34.6 (70.0)
Less: Net loss attributable to noncontrolling interest (2.2)       (1.1)         (5.5) (8.3) (4.6)
Net income (loss) attributable to Ryerson Inc. 7.1 7.0 [1] 33.5 30.6 [2] 38.2 28.6 [3] 12.1 [4] (7.2) [5] 9.4 [6] 109.3 42.9 (65.4)
Comprehensive income (loss) 6.1       45.1         66.0 (41.4) (71.5)
Less: Comprehensive loss attributable to noncontrolling interest (2.1)       (1.0)         (5.9) (7.0) (3.2)
Comprehensive income (loss) attributable to Ryerson Inc. $ 8.2       $ 46.1         $ 71.9 $ (34.4) $ (68.3)
[1] Included in the fourth quarter 2012 results is an impairment charge of $0.1 million related to certain assets held for sale to recognize the assets at their fair value less cost to sell, $1.1 million restructuring charges primarily for employee-related costs resulting from a facility closure, a $17.2 million loss on the redemption of the Ryerson Notes, and a $1.7 million curtailment gain related to an amendment of a Canadian post-retirement medical and life insurance plan. The fourth quarter also included an income tax benefit of $15.2 million related to the release of valuation allowance associated with certain state deferred tax assets.
[2] Included in the second quarter 2012 results is an impairment charge of $0.9 million related to certain assets held for sale to recognize the assets at their fair value less cost to sell.
[3] Included in the fourth quarter 2011 results is an impairment charge of $3.1 million related to certain assets held for sale to recognize the assets at their fair value less cost to sell and an impairment charge of $1.5 million related to goodwill. The fourth quarter also includes a $9.8 million restructuring charge related to a reorganization plan implemented to reduce headcount. The fourth quarter also included an income tax benefit of $21.5 million, primarily related to benefits relating to the purchase accounting impact of the Turret acquisition.
[4] Included in the third quarter 2011 results is an impairment charge of $2.2 million related to certain assets held for sale to recognize the assets at their fair value less cost to sell.
[5] Included in the second quarter 2011 results is an impairment charge of $2.5 million related to certain assets held for sale to recognize the assets at their fair value less cost to sell.
[6] Included in the first quarter 2011 results is a $5.8 million gain on bargain purchase related to our Singer acquisition and a $1.1 million write off of debt issuance costs associated with our prior credit facility upon entering into an amended revolving credit facility on March 14, 2011.