SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2012

Segment Information

Segment Information

SEGMENT INFORMATION

Our operations include two primary segments: Recycling and Waste Services.

The Company’s two reportable segments are determined by the products and services that each offers. The Recycling segment generates its revenues based on buying and selling of ferrous, non-ferrous, including stainless steel, and fiber scrap. Waste Services’ revenues consist of charges to customers for waste disposal services and equipment sales and lease income. The components of the column labeled “other” are selling, general and administrative expenses that are not directly related to the two primary segments.

We evaluate segment performance based on gross profit or loss and the evaluation process for each segment includes only direct expenses and selling, general and administrative costs, omitting any other income and expense and income taxes.

FOR THE THREE MONTHS ENDED March 31, 2012	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	59,883		$	—		$	—		$	59,883
Equipment sales, service and leasing revenues	—			510			—			510
Management fees	—			1,285			—			1,285
Cost of goods sold	(56,634		)	(1,356		)	—			(57,990		)
Selling, general, and administrative expenses	(1,613		)	(183		)	(1,415		)	(3,211		)
Segment profit (loss)	$	1,636		$	256		$	(1,415	)	$	477
Segment assets	$	72,011		$	1,961		$	10,253		$	84,225

FOR THE THREE MONTHS ENDED MARCH 31, 2011	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	104,452		$	—		$	—		$	104,452
Equipment sales, service and leasing revenues	—			578			—			578
Management fees	—			1,371			—			1,371
Cost of goods sold	(96,702		)	(1,490		)	—			(98,192		)
Selling, general, and administrative expenses	(2,139		)	(194		)	(1,606		)	(3,939		)
Segment profit (loss)	$	5,611		$	265		$	(1,606	)	$	4,270
Segment assets	$	99,094		$	2,430		$	8,199		$	109,723