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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Reconciliation of Segment Adjusted EBITDA to Income Before Provision for Income Taxes and Equity Income

Below is a reconciliation of the Company’s Segment Adjusted EBITDA to income before provision for income taxes and equity income:

 

           Three Months Ended
June 30,		     Six Months Ended
June 30,		  
           2013     2012     2013     2012  

Net Sales, External Customers

           

Olin Brass

      $ 216,500      $ 165,803      $ 403,065      $ 332,090   

Chase

        164,697        165,922        339,179        354,609   

Oster

        80,281        85,254        164,196        173,671   
    

 

 

    

 

 

    

 

 

    

 

 

  

Total net sales, external customers

      $ 461,478      $ 416,979      $ 906,440      $ 860,370   
    

 

 

    

 

 

    

 

 

    

 

 

  

Intersegment Net Sales

           

Olin Brass

      $ 14,210      $ 12,754      $ 28,548      $ 25,107   

Chase

        7        156        7        302   

Oster

        42        19        108        22   
    

 

 

    

 

 

    

 

 

    

 

 

  

Total intersegment net sales

      $ 14,259      $ 12,929      $ 28,663      $ 25,431   
    

 

 

    

 

 

    

 

 

    

 

 

  

Segment Adjusted EBITDA

           

Olin Brass

      $ 16,233      $ 13,062      $ 27,683      $ 23,751   

Chase

        18,954        17,251        37,835        37,191   

Oster

        4,303        5,208        8,853        10,428   
    

 

 

    

 

 

    

 

 

    

 

 

  

Total segment adjusted EBITDA

        39,490        35,521        74,371        71,370   

Corporate and Other

        (8,500 )      (5,550 )      (14,327 )      (9,429 ) 

Loss on extinguishment of debt

        —          (19,612 )      —          (19,612 ) 

Depreciation and amortization

        (2,072 )      (1,681 )      (3,981 )      (3,205 ) 

Interest expense

        (9,959 )      (10,209 )      (19,834 )      (19,958 ) 

Equity method investment income

      (A )      (327 )      (20 )      (498 )      (113 ) 

Net income attributable to noncontrolling interest

        61        114        159        168   

Lower of cost or market adjustment to inventory

        (318 )      —          (318 )      —     

(Loss) gain on derivative contracts

        (41 )      (109 )      (62 )      1,204   

Share-based compensation expense

        (181 )      —          (181 )      —     

Compensation expense—profits interest awards

        (29,271 )      (19,517 )      (29,271 )      (19,517 ) 
    

 

 

    

 

 

    

 

 

    

 

 

  

(Loss) income before provision for (benefit from) income taxes and equity income

   

   $ (11,118 )    $ (21,063 )    $ 6,058      $ 908   
    

 

 

    

 

 

    

 

 

    

 

 

  

 

(A) Excludes accretion income of $181 and $362 in each of the three and six months ended June 30, 2013 and 2012. Equity method investment income is exclusive to Olin Brass.