INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2012

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Finite-Lived Intangible Assets

We have the following intangible assets as of June 30, 2012:

	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Amortized intangible assets	(in thousands)
Venture Metals, LLC trade name	$	730	$	(292	)	$	438
Non-compete agreements	620		(248		)	372
Venture Metals, LLC customer list	4,800		(960		)	3,840
Total intangible assets	$	6,150	$	(1,500	)	$	4,650

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of June 30, 2012, we expect amortization expense for these assets for the next five fiscal years and thereafter to be as follows:

	Balance -					Balance -
Year	Beginning of Year		Amortization			End of Year
(in thousands)
2012	$	5,025	$	(750	)	$	4,275
2013	4,275		(750		)	3,525
2014	3,525		(750		)	2,775
2015	2,775		(615		)	2,160
2016	2,160		(480		)	1,680
Thereafter	1,680		(1,680		)	—