Business Segments (Tables)

9 Months Ended

Sep. 30, 2012

Business Segments [Abstract]

Schedule of segment reporting information

	Three months ended						Nine months ended
	September 30,						September 30,
(in thousands)	2012			2011			2012			2011
Net sales:
Universal Stainless & Alloy Products (A)	$	53,273		$	60,560		$	175,348		$	176,161
Dunkirk Specialty Steel		24,778			25,327			80,609			72,905
Intersegment eliminations		(16,691	)		(18,588	)		(52,117	)		(58,638	)
Consolidated net sales	$	61,360		$	67,299		$	203,840		$	190,428
Operating income:
Universal Stainless & Alloy Products (A)	$	1,195		$	4,780		$	11,443		$	16,140
Dunkirk Specialty Steel		2,321			2,513			8,401			7,813
Intersegment eliminations (B)		1,136			(62	)		1,807			(1,279	)
Consolidated operating income	$	4,652		$	7,231		$	21,651		$	22,674
Interest expense:
Universal Stainless & Alloy Products (A)	$	602		$	606		$	1,924		$	836
Dunkirk Specialty Steel		—			3			—			16
Consolidated interest expense	$	602		$	609		$	1,924		$	852

(A) The results include those of the Company’s North Jackson operation, which was acquired on August 18, 2011.

(B) The Company recognized profits during the three and nine months ended September 30, 2012 on intercompany sales which were sold to third party customers during the periods. This profit had been deferred prior to the sale to third party customers.

	September 30,			December 31,
(in thousands)	2012			2011
Total assets:
Universal Stainless & Alloy Products	$	304,669		$	271,107
Dunkirk Specialty Steel		58,118			55,820
Corporate		136,732			149,101
Intersegment eliminations		(112,550	)		(114,356	)
Total assets	$	386,969		$	361,672