SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2015

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, and automobile parts. 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" include land, buildings and deferred taxes that are used by multiple segments, which makes them not appropriate to allocate. We consider such assets corporate assets. Expenses related to these corporate assets, including property taxes, insurance and utilities, are allocated to each segment based on a formula.

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	39,629		$	—		$	—		$	39,629
Equipment sales, service and leasing revenues	—			1,777			—			1,777
Management fees	—			4,188			—			4,188
Cost of sales	(41,459		)	(4,431		)	—			(45,890		)
Inventory adjustment for lower of cost or market	(1,110		)	—			—			(1,110		)
Impairment loss, fixed assets	(637		)	—			—			(637		)
Selling, general, and administrative expenses	(801		)	(532		)	(2,076		)	(3,409		)
Segment profit (loss)	$	(4,378	)	$	1,002		$	(2,076	)	$	(5,452	)
Segment assets	$	20,122		$	2,118		$	2,559		$	24,799

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2014	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	83,472		$	—		$	—		$	83,472
Equipment sales, service and leasing revenues	—			1,698			—			1,698
Management fees	—			3,793			—			3,793
Cost of sales	(81,228		)	(3,859		)	—			(85,087		)
Selling, general, and administrative expenses	(1,042		)	(611		)	(2,757		)	(4,410		)
Segment profit (loss)	$	1,202		$	1,021		$	(2,757	)	$	(534	)
Segment assets	$	39,553		$	2,285		$	2,900		$	44,738

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2015	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	9,587		$	—		$	—		$	9,587
Equipment sales, service and leasing revenues	—			563			—			563
Management fees	—			1,400			—			1,400
Cost of goods and services sold	(9,887		)	(1,423		)	—			(11,310		)
Inventory adjustment for lower of cost or market	(319		)	—			—			(319		)
Selling, general, and administrative expenses	(220		)	(170		)	(642		)	(1,032		)
Segment profit (loss)	$	(839	)	$	370		$	(642	)	$	(1,111	)
Segment assets	$	20,122		$	2,118		$	2,559		$	24,799

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2014	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	32,700		$	—		$	—		$	32,700
Equipment sales, service and leasing revenues	—			599			—			599
Management fees	—			1,357			—			1,357
Cost of goods and services sold	(31,706		)	(1,351		)	—			(33,057		)
Selling, general, and administrative expenses	(328		)	(161		)	(785		)	(1,274		)
Segment profit (loss)	$	666		$	444		$	(785	)	$	325
Segment assets	$	39,553		$	2,285		$	2,900		$	44,738