SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

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

On July 2, 2012, the Company opened the ISA Pick.Pull.Save used automobile yard, which is considered a new product line within the ISA Recycling Segment. The Company purchases automobiles for the yard through auctions, automobile purchase programs with various suppliers, and general scrap purchases. Retail customers locate and remove used parts for purchase from automobiles within the yard. Fuel, Freon, tires and certain core automobile parts are also sold to various vendors for additional revenue. All automobiles are shredded and sold as scrap metal after a specified time period in the yard.

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, scrap metals, 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 NINE MONTHS ENDED SEPTEMBER 30, 2012	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	151,991		$	—		$	—		$	151,991
Equipment sales, service and leasing revenues	—			1,582			—			1,582
Management fees	—			3,686			—			3,686
Cost of goods and services sold	(146,017		)	(3,821		)	—			(149,838		)
Selling, general, and administrative expenses	(4,752		)	(586		)	(3,622		)	$	(8,960	)
Segment profit (loss)	$	1,222		$	861		$	(3,622	)	$	(1,539	)
Segment assets	$	58,833		$	1,854		$	8,885		$	69,572

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2011	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	221,516		$	—		$	—		$	221,516
Equipment sales, service and leasing revenues	—			1,649			—			1,649
Management fees	—			4,064			—			4,064
Cost of goods and services sold	(211,268		)	(4,180		)	—			(215,448		)
Inventory adjustment for lower of cost or market	(3,441		)	—			—			(3,441		)
Selling, general, and administrative expenses	(6,069		)	(600		)	(2,856		)	(9,525		)
Segment profit (loss)	$	738		$	933		$	(2,856	)	$	(1,185	)
Segment assets	$	83,204		$	2,046		$	10,790		$	96,040

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2012	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	43,873		$	—		$	—		$	43,873
Equipment sales, service and leasing revenues	—			477			—			477
Management fees	—			1,379			—			1,379
Cost of goods and services sold	(42,225		)	(1,338		)	—			(43,563		)
Selling, general, and administrative expenses	(1,506		)	(210		)	(1,067		)	(2,783		)
Segment (loss) profit	$	142		$	308		$	(1,067	)	$	(617	)
Segment assets	$	58,833		$	1,854		$	8,885		$	69,572

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2011	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	53,879		$	—		$	—		$	53,879
Equipment sales, service and leasing revenues	—			484			—			484
Management fees	—			1,403			—			1,403
Cost of goods and services sold	(55,166		)	(1,472		)	—			(56,638		)
Inventory adjustment for lower of cost or market	(3,441		)	—			—			(3,441		)
Selling, general, and administrative expenses	(1,909		)	(215		)	(728		)	(2,852		)
Segment (loss) profit	$	(6,637	)	$	200		$	(728	)	$	(7,165	)
Segment assets	$	83,204		$	2,046		$	10,790		$	96,040