Operating Segments

12 Months Ended

Jun. 30, 2012

Operating Segments [Abstract]

Operating Segments

(21) Operating Segments

Operating segments are based upon the Company's management reporting structure and include the following six reportable segments:

• GMI — a manufacturer of silicon metal and silicon-based alloys and a provider of specialty metallurgical coal for the silicon metal and silicon-based alloys industries located in North America.

• Globe Metais — a distributor of silicon metal manufactured in Brazil. This segment includes the historical Brazilian manufacturing operations, comprised of a manufacturing plant in Breu Branco, mining operations, and forest reserves, which were sold on November 5, 2009.

• Globe Metales — a manufacturer of silicon-based alloys located in Argentina.

• Solsil — a manufacturer of upgraded metallurgical grade silicon metal located in the United States.

• Corporate — general corporate expenses, investments, and related investment income.

• Other — operations that do not fit into the above reportable segments and are immaterial for purposes of separate disclosure. The operating segments include Yonvey's electrode production operations and certain other distribution operations for the sale of silicon metal and silicon-based alloys.

Each of our reportable segments distributes its products in both its country of domicile, as well as to other international customers. The following presents the Company's consolidated net sales by product line for the years ended:

			2012	2011	2010
Silicon metal		$	360,726	347,599	296,763
Silicon-based alloys			269,919	236,607	148,092
Other			74,899	57,657	27,803
	Total	$	705,544	641,863	472,658

a.  Segment Data

Summarized financial information for our reportable segments as of, and for, the years ended June 30, 2012, 2011, and 2010 are shown in the following tables:

		2012
		Net Sales	Depreciation and Amortization	Operating Income (Loss)	Interest Income	Interest Expense (1)	Income (Loss) Before Income Taxes	Total Assets	Capital Expenditures
GMI	$	631,495	29,261	103,542	1	(5,807)	98,297	679,516	(36,126)
Globe Metais		—	—	(2)	—	—	(2)	—	—
Globe Metales		64,063	1,766	11,332	49	(1,145)	10,422	86,302	(1,926)
Solsil		—	488	(984)	—	—	(984)	30,057	(691)
Corporate		—	424	(27,268)	777	(739)	(25,570)	469,137	(2,675)
Other		28,216	2,061	490	—	(503)	158	41,538	(418)
Eliminations		(18,230)	—	4,315	(584)	584	4,315	(369,803)	—
	$	705,544	34,000	91,425	243	(7,610)	86,636	936,747	(41,836)

		2011
		Net Sales	Depreciation and Amortization	Operating Income (Loss)	Interest Income	Interest Expense (1)	Income (Loss) Before Income Taxes	Total Assets	Capital Expenditures
GMI	$	549,418	20,430	103,685	5	1,775	102,240	384,495	31,061
Globe Metais		15,421	—	397	—	—	398	294	—
Globe Metales		62,321	1,634	13,197	—	1,050	12,669	82,751	1,023
Solsil		9,420	488	8,670	—	—	8,670	29,191	165
Corporate		—	426	(29,606)	816	470	(30,086)	403,177	1,226
Other		32,325	2,077	31	1	511	428	43,317	1,564
Eliminations		(27,042)	—	(1,604)	(608)	(608)	(1,605)	(264,956)	—
	$	641,863	25,055	94,770	214	3,198	92,714	678,269	35,039

		2010
		Net Sales	Depreciation and Amortization	Operating Income (Loss)	Interest Income	Interest Expense (1)	Income (Loss) Before Income Taxes	Total Assets	Capital Expenditures
GMI	$	358,279	15,812	41,126	42	2,368	39,107	324,680	18,971
Globe Metais		62,126	776	5,263	178	525	8,579	8,192	208
Globe Metales		48,959	1,820	10,073	—	1,090	10,069	71,790	996
Solsil		20	508	(1,375)	—	30	(1,405)	30,526	(1,410)
Corporate		—	122	2,815	619	317	2,836	415,184	1,273
Other		12,557	1,634	(4,273)	6	569	(5,036)	41,508	2,863
Eliminations		(9,283)	—	657	(527)	(527)	657	(284,735)	—
	$	472,658	20,672	54,286	318	4,372	54,807	607,145	22,901

1 — Net of capitalized interest.

The accounting policies of our operating segments are the same as those disclosed in note 2 (Summary of Significant Accounting Policies). We evaluate segment performance principally based on operating income (loss). Intersegment net sales are not material.

b.  Geographic Data

Net sales are attributed to geographic regions based upon the location of the selling unit. Net sales by geographic region for the years ended June 30, 2012, 2011, and 2010 consist of the following:

			2012	2011	2010
United States		$	625,681	574,181	407,455
Argentina			57,154	54,695	42,101
Brazil			—	—	12,820
Canada			5,520	—	—
China			3,131	899	592
Poland			14,058	12,088	9,690
	Total	$	705,544	641,863	472,658

Long-lived assets by geographical region at June 30, 2012, 2011, and 2010 consist of the following:

			2012	2011	2010
United States		$	330,724	224,556	211,876
Argentina			31,185	31,054	31,665
Canada			100,842	—	—
China			26,288	27,524	27,428
Poland			939	823	800
	Total	$	489,978	283,957	271,769

Long-lived assets consist of property, plant, and equipment, net of accumulated depreciation, depletion and amortization, and goodwill and other intangible assets.

c.  Major Customer Data

The following is a summary of the Company's major customers and their respective percentages of consolidated net sales for the years ended June 30, 2012, 2011, and 2010:

		2012	2011	2010
Dow Corning		13%	17%	30%
All other customers		87	83	70
	Total	100%	100%	100%

The majority of sales to Dow Corning for the years ended June 30, 2012 and 2011 are associated with Dow Corning's 49% ownership interest in WVA LLC. In addition, the Company maintained a four year arrangement in which Dow Corning was to purchase 30,000 metric tons of silicon metal per calendar year through December 31, 2010. This contract was amended in November 2008 to provide for the sale of an additional 17,000 metric tons of silicon metal to be purchased in calendar year 2009. The contract was further amended in connection with the Dow Corning transactions discussed in note 3 to reduce the amount required to be sold in calendar year 2010 to 20,000 metric tons of silicon metal. In December 2010, the Company agreed to pay $4,276 to Dow Corning to settle certain remaining sales obligations under this contract. The settlement cost was recorded in cost of goods sold in December 2010.

Sales to Dow Corning are included in the GMI segment.