Transactions with Affiliated Companies

12 Months Ended

Dec. 31, 2015

Transactions with Affiliated Companies

Transactions with Affiliated Companies

Note 10. Transactions with Affiliated Companies

        The company sells flat roll products to and occasionally purchases ferrous materials from Heidtman. The president and chief executive officer of Heidtman is a member of the company's board of directors and a stockholder of the company. Transactions with Heidtman for the years ended December 31, are as follows (in thousands):

	2015			2014			2013
Sales	$	162,742		$	234,608		$	236,075
Percentage of consolidated net sales		2	%		3	%		3	%
Accounts receivable		30,627			35,447			51,760
Purchases		11,429			7,639			5,562
Accounts payable		431			236			391

        The company also purchases and sells recycled and scrap metal with other smaller affiliated companies. These transactions are as follows (in thousands):

	2015		2014		2013
Sales	$	24,436	$	39,777	$	49,748
Accounts receivable		3,645		7,543		4,632
Purchases		178,102		279,177		111,048
Accounts payable		6,199		21,029		9,936