Operating Segments

3 Months Ended

Sep. 30, 2012

Operating Segments [Abstract]

Operating Segments

(17)           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:

			Three Months Ended
			September 30,
			2012	2011
Silicon metal		$	112,912	89,954
Silicon-based alloys			67,141	67,148
Other			20,655	17,760
	Total	$	200,708	174,862

a. Segment Data

Summarized financial information for our reportable segments as of, and for, the three months ended September 30, 2012 and 2011, is shown in the following tables:

		Three Months Ended
		September 30,
		2012
		Net Sales	Operating Income (Loss)	Income (Loss) Before Income Taxes	Total Assets
GMI	$	184,738	23,646	23,845	714,082
Globe Metais		—	—	—	—
Globe Metales		14,346	1,439	1,164	86,747
Solsil		—	(173)	(173)	29,984
Corporate		—	(29,429)	(29,916)	455,971
Other		2,482	(963)	(1,084)	39,471
Eliminations		(858)	(172)	(173)	(365,364)
	$	200,708	(5,652)	(6,337)	960,891

		Three Months Ended
		September 30,
		2011
		Net Sales	Operating Income (Loss)	Income (Loss) Before Income Taxes
GMI	$	154,928	35,134	34,336
Globe Metais		—	(1)	(1)
Globe Metales		17,097	3,517	3,147
Solsil		—	(219)	(219)
Corporate		—	(6,417)	(5,272)
Other		7,264	(407)	(274)
Eliminations		(4,427)	858	858
	$	174,862	32,465	32,575

The accounting policies of our operating segments are the same as those disclosed in note 2 (Summary of Significant Accounting Policies) to our June 30, 2012 financial statements. 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 three months ended September 30, 2012 and 2011 consist of the following:

			Three Months Ended
			September 30,
			2012	2011
United States		$	156,580	154,784
Argentina			13,488	15,222
Canada			28,158	—
China			118	477
Poland			2,364	4,379
	Total	$	200,708	174,862

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

			September 30,	June 30,
			2012	2012
United States		$	329,402	330,724
Argentina			30,980	31,185
Canada			103,191	100,842
China			25,722	26,288
Poland			926	939
	Total	$	490,221	489,978

Long-lived assets consist of property, plant, and equipment, net of accumulated depreciation 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 three months ended September 30, 2012 and 2011:

		Three Months Ended
		September 30,
		2012	2011
Dow Corning		21%	11%
All other customers		79	89
	Total	100%	100%

The majority of sales to Dow Corning for the three months ended September 30, 2012 and 2011 are associated with Dow Corning's 49% ownership interest in WVA LLC and QSLP. Sales to Dow Corning are included in the GMI segment.