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CHANGE IN ESTIMATE
6 Months Ended
Jun. 30, 2012
Accounting Changes and Error Corrections [Abstract]  
Change in Estimate
CHANGE IN ESTIMATE

As of June 2012, the Company adopted a new method for estimating residual value amounts for automotive vehicle parts and appliances held in inventory. The new method was adopted due to the ongoing evaluation of our experience with the materials produced from our shredder operations. This change in estimate provides a more accurate value of these residual values in inventory and was applied prospectively in accordance with FASB ASC 250, “Accounting Changes and Error Corrections.” The impact of this change resulted in an increase in the cost of goods sold of $352.1 thousand for the six month period ended June 30, 2012.