SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

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, automobile parts, 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 SIX MONTHS ENDED JUNE 30, 2012	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	108,118		$	—		$	—		$	108,118
Equipment sales, service and leasing revenues	—			1,104			—			1,104
Management fees	—			2,308			—			2,308
Cost of goods sold	(103,792		)	(2,483		)	—			(106,275		)
Selling, general, and administrative expenses	(3,643		)	(376		)	(2,158		)	$	(6,177	)
Segment profit (loss)	$	683		$	553		$	(2,158	)	$	(922	)
Segment assets	$	72,116		$	1,832		$	8,799		$	82,747

FOR THE SIX MONTHS ENDED June 30, 2011	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	167,637		$	—		$	—		$	167,637
Equipment sales, service and leasing revenues	—			1,165			—			1,165
Management fees	—			2,661			—			2,661
Cost of goods sold	(156,103		)	(2,708		)	—			(158,811		)
Selling, general, and administrative expenses	(4,524		)	(385		)	(1,764		)	(6,673		)
Segment profit (loss)	$	7,010		$	733		$	(1,764	)	$	5,979
Segment assets	$	88,689		$	2,179		$	8,066		$	98,934

FOR THE THREE MONTHS ENDED JUNE 30, 2012	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	48,236		$	—		$	—		$	48,236
Equipment sales, service and leasing revenues	—			593			—			593
Management fees	—			1,023			—			1,023
Cost of goods sold	(47,158		)	(1,126		)	—			(48,284		)
Selling, general, and administrative expenses	(1,831		)	(193		)	(943		)	(2,967		)
Segment profit (loss)	$	(753	)	$	297		$	(943	)	$	(1,399	)
Segment assets	$	72,116		$	1,832		$	8,799		$	82,747

FOR THE THREE MONTHS ENDED JUNE 30, 2011	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	63,185		$	—		$	—		$	63,185
Equipment sales, service and leasing revenues	—			587			—			587
Management fees	—			1,290			—			1,290
Cost of goods sold	(59,400		)	(1,218		)	—			(60,618		)
Selling, general, and administrative expenses	(2,203		)	(191		)	(341		)	(2,735		)
Segment profit (loss)	$	1,582		$	468		$	(341	)	$	1,709
Segment assets	$	88,689		$	2,179		$	8,066		$	98,934