Operating Segments

3 Months Ended

Sep. 30, 2013

Operating Segments [Abstract]

Operating Segments

(17)           Operating Segments

Operating segments are based upon the Company’s management reporting structure and include the following five 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 Metales — a manufacturer of silicon-based alloys located in Argentina.

• Solsil — a developer 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,
			2013	2012
Silicon metal		$	85,335	112,912
Silicon-based alloys			61,396	67,141
Other			26,263	20,655
	Total	$	172,994	200,708

a.  Segment Data

Summarized financial information for our reportable segments as of, and for, the three months ended September 30, 2013 and 2012, is shown in the following tables:

		Three Months Ended
		September 30,
		2013
		Net Sales	Operating Income (Loss)	Income (Loss) Before Income Taxes	Total Assets
GMI	$	159,600	10,828	10,056	688,189
Globe Metales		11,941	1,329	557	71,138
Solsil		—	(32)	(32)	15,347
Corporate		—	(15,993)	(19,538)	410,268
Other		3,209	(776)	(797)	27,832
Eliminations		(1,756)	220	220	(375,322)
	$	172,994	(4,424)	(9,534)	837,452

		Three Months Ended
		September 30,
		2012
		Net Sales	Operating Income (Loss)	Income (Loss) Before Income Taxes
GMI	$	184,738	23,646	23,845
Globe Metales		14,346	1,439	1,164
Solsil		—	(173)	(173)
Corporate		—	(29,429)	(29,916)
Other		2,482	(963)	(1,084)
Eliminations		(858)	(172)	(173)
	$	200,708	(5,652)	(6,337)

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, 2013 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, 2013 and 2012 consist of the following:

			Three Months Ended
			September 30,
			2013	2012
United States		$	148,330	156,580
Canada			11,037	28,158
Argentina			10,696	13,488
Poland			2,892	2,364
China			39	118
	Total	$	172,994	200,708

Long-lived assets by geographical region at September 30, 2013 and June 30, 2013 consist of the following:

			September 30,	June 30,
			2013	2013
United States		$	324,921	328,326
Canada			95,473	95,591
Argentina			23,928	24,344
China			16,537	16,955
Poland			869	885
	Total	$	461,728	466,101

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 three months ended September 30, 2013 and 2012:

		Three Months Ended
		September 30,
		2013	2012
Dow Corning		17%	21%
All other customers		83%	79%
	Total	100%	100%

The majority of sales to Dow Corning for the three months ended September 30, 2013 and 2012 are associated with Dow Corning’s 49% ownership interest in WVA Manufacturing, LLC (WVA LLC), and Quebec Silicon Limited Partnership (QSLP). Sales to Dow Corning are included in the GMI segment.