Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Segment Reporting Information

The segment data is as follows:

For the years ended December 31,	2012			2011			2010
(dollars in thousands)
Net sales
Universal Stainless & Alloy Products	$	212,902		$	225,333		$	173,294
Dunkirk Specialty Steel		100,056			97,378			56,600
Intersegment		(61,968	)		(70,115	)		(40,471	)
Consolidated net sales	$	250,990		$	252,596		$	189,423
Operating income
Universal Stainless & Alloy Products	$	11,548		$	20,176		$	17,311
Dunkirk Specialty Steel		9,384			10,277			4,296
Intersegment		2,471			(766	)		(1,184	)
Consolidated operating income	$	23,403		$	29,687		$	20,423
Interest expense and other financing costs
Universal Stainless & Alloy Products (A)	$	2,592		$	1,406		$	412
Dunkirk Specialty Steel		-			15			40
Consolidated interest expense and other financing costs	$	2,592		$	1,421		$	452
Other income, net
Universal Stainless & Alloy Products	$	89		$	68		$	40
Dunkirk Specialty Steel (B)		51			144			52
Consolidated other income, net	$	140		$	212		$	92
Depreciation and amortization (C)
Universal Stainless & Alloy Products	$	10,650		$	5,738		$	4,210
Dunkirk Specialty Steel		1,389			1,274			1,162
Corporate		280			106			97
Consolidated depreciation and amortization	$	12,319		$	7,118		$	5,469
Capital expenditures (D)
Universal Stainless & Alloy Products	$	32,007		$	22,455		$	6,831
Dunkirk Specialty Steel		2,722			1,829			425
Corporate		328			196			225
Consolidated capital expenditures	$	35,057		$	24,480		$	7,481

(A) Includes amortization of deferred financing costs of $308,000, $153,000 and $17,000 for the years ended December 31, 2012, 2011 and 2010, respectively.

(B) Includes net receipt of import duties of $13,000, $115,000 and $32,000 for the years ended December 31, 2012, 2011 and 2010, respectively.

(C) These amounts include depreciation on property, plant and equipment and amortization on the non-compete agreement.

(D) These amounts include capital expenditures included in current liabilities of $828,000, $7.7 million and $578,000 for the years ended December 31, 2012, 2011 and 2010, respectively.

The following table presents total assets by segment:

December 31,	2012			2011
(dollars in thousands)
Universal Stainless & Alloy Products	$	294,098		$	271,107
Dunkirk Specialty Steel		53,289			55,820
Corporate		140,763			149,101
Intersegment eliminations		(111,884	)		(114,356	)
Total assets	$	376,266		$	361,672

The following table presents net sales by product line:

For the years ended December 31,	2012		2011		2010
(dollars in thousands)
Stainless steel	$	195,315	$	202,000	$	142,302
Tool steel		20,420		21,963		26,196
High-strength low alloy steel		21,897		17,532		10,310
High-temperature alloy steel		7,787		6,809		5,853
Conversion services		4,868		3,905		2,719
Other		703		387		2,043
Total net sales	$	250,990	$	252,596	$	189,423