SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2014

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 and 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.

The majority of the assets listed under the column labeled "other" are used by multiple segments and are difficult to allocate. We consider such assets corporate assets. Expenses related to these assets, including property taxes, insurance and utilities, are allocated to each segment based on a formula.

FOR THE SIX MONTHS ENDED JUNE 30, 2014	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	50,772		$	—		$	—		$	50,772
Equipment sales, service and leasing revenues	—			1,100			—			1,100
Management fees	—			2,436			—			2,436
Cost of sales	(49,522		)	(2,508		)	—			(52,030		)
Selling, general, and administrative expenses	(715		)	(450		)	(1,972		)	$	(3,137	)
Segment profit (loss)	$	535		$	578		$	(1,972	)	$	(859	)
Segment assets	$	38,967		$	2,090		$	3,055		$	44,112

FOR THE SIX MONTHS ENDED JUNE 30, 2013	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	71,496		$	—		$	—		$	71,496
Equipment sales, service and leasing revenues	—			1,074			—			1,074
Management fees	—			2,311			—			2,311
Cost of sales	(70,271		)	(2,479		)	—			(72,750		)
Selling, general, and administrative expenses	(1,425		)	(417		)	(2,093		)	(3,935		)
Segment profit (loss)	$	(200	)	$	489		$	(2,093	)	$	(1,804	)
Segment assets	$	49,056		$	2,153		$	10,027		$	61,236

FOR THE THREE MONTHS ENDED JUNE 30, 2014	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	26,770		$	—		$	—		$	26,770
Equipment sales, service and leasing revenues	—			544			—			544
Management fees	—			1,319			—			1,319
Cost of goods and services sold	(25,754		)	(1,371		)	—			(27,125		)
Selling, general, and administrative expenses	(338		)	(202		)	(1,388		)	(1,928		)
Segment profit (loss)	$	678		$	290		$	(1,388	)	$	(420	)
Segment assets	$	38,967		$	2,090		$	3,055		$	44,112

FOR THE THREE MONTHS ENDED JUNE 30, 2013	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	38,225		$	—		$	—		$	38,225
Equipment sales, service and leasing revenues	—			532			—			532
Management fees	—			1,366			—			1,366
Cost of goods and services sold	(37,964		)	(1,452		)	—			(39,416		)
Selling, general, and administrative expenses	(692		)	(212		)	(1,172		)	(2,076		)
Segment profit (loss)	$	(431	)	$	234		$	(1,172	)	$	(1,369	)
Segment assets	$	49,056		$	2,153		$	10,027		$	61,236