Restructuring and Other Exit Activities Restructuring and Other Exit Activities

9 Months Ended

Sep. 30, 2011

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure

Restructuring and Other Exit Activities

During 2008 and 2009, the Company closed its Tulsa, Oklahoma facility and curtailed operations at its Bellwood, Virginia facility to focus solely on drive shaft and seamless tube products. These restructuring efforts were substantially completed by the end of 2009; however, for the quarter and nine months ended September 30, 2010, the Company incurred and recorded in its Fabricated Products segment $0.4 and $0.9, respectively, of restructuring benefit. Restructuring benefit for both the quarter and nine months ended September 30, 2011 was $0.3. Restructuring benefits in all periods presented were primarily related to revisions of previously estimated employee termination costs relating to these restructuring efforts. Accrued restructuring liabilities at December 31, 2010 was $0.4, which were related to estimated employee-termination and other personnel costs. There were no remaining accrued restructuring liabilities at September 30, 2011.