Related Party Transactions

3 Months Ended

Sep. 30, 2013

Related Party Transactions [Abstract]

Related Party Transactions

(16)           Related Party Transactions

From time to time, the Company enters into transactions in the normal course of business with related parties. Management believes that such transactions are at arm’s length and for terms that would have been obtained from unaffiliated third parties.

A current and a former member of the board of directors are affiliated with Marco International. During the three months ended September 30, 2013 and 2012, the Company:

• Entered into agreements with Marco International to purchase carbon electrodes. Marco International billed $771 and $14,347, respectively, under these agreements. At September 30, 2013 and June 30, 2013, payables to Marco International under these agreements totaled $263 and $0, respectively.

• Entered into agreements with Marco International to purchase rare earth. Marco International billed $189 and $0, respectively, under these agreements. At September 30, 2013 and June 30, 2013, payables to Marco International under these agreements totaled $189 and $0, respectively.

• Entered into an agreement to sell ferrosilicon to Marco International. Net sales were $41 and $137, respectively, under this agreement. At September 30, 2013 and June 30, 2013, receivables from Marco International under this agreement totaled $41 and $0, respectively.

• Entered into an agreement to sell calcium silicon powder to Marco International. Net sales were $916 and $464, respectively, under this agreement. At September 30, 2013 and June 30, 2013, receivables from Marco International under this agreement totaled $611 and $0, respectively.