SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2011

Segment Reporting Disclosure [Text Block]

NOTE 5 – 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, non-ferrous, including stainless steel, 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 SIX MONTHS ENDED JUNE 30, 2011	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	167,324		$	—		$	—		$	167,324
Equipment sales, service and leasing revenues		—			1,165			—			1,165
Management fees		—			2,661			—			2,661
Cost of goods sold		(156,425	)		(2,707	)		—			(159,132	)
Selling, general, and administrative expenses		(4,202	)		(385	)		(1,764	)		(6,351	)
Segment profit (loss)	$	6,697		$	734		$	(1,764	)	$	5,667
Segment assets	$	88,689		$	2,179		$	8,066		$	98,934

FOR THE SIX MONTHS ENDED JUNE 30, 2010	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	162,805		$	—		$	—		$	162,805
Equipment sales, service and leasing revenues		—			1,109			—			1,109
Management fees		—			3,070			—			3,070
Cost of goods sold		(149,711	)		(3,236	)		—			(152,947	)
Selling, general, and administrative expenses		(3,422	)		(520	)		(2,823	)		(6,765	)
Segment profit (loss)	$	9,672		$	423		$	(2,823	)	$	7,272
Segment assets	$	81,454		$	2,277		$	1,925		$	85,656

FOR THE THREE MONTHS ENDED JUNE 30, 2011	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	63,086		$	—		$	—		$	63,086
Equipment sales, service and leasing revenues		—			587			—			587
Management fees		—			1,290			—			1,290
Cost of goods sold		(59,563	)		(1,218	)		—			(60,781	)
Selling, general, and administrative expenses		(2,040	)		(191	)		(341	)		(2,572	)
Segment profit (loss)	$	1,483		$	468		$	(341	)	$	1,610
Segment assets	$	88,689		$	2,179		$	8,066		$	98,934

FOR THE THREE MONTHS ENDED JUNE 30, 2010	RECYCLING			WASTE SERVICES			OTHER			SEGMENT TOTALS
	(in thousands)
Recycling revenues	$	90,736		$	—		$	—		$	90,736
Equipment sales, service and leasing revenues		—			544			—			544
Management fees		—			1,535			—			1,535
Cost of goods sold		(83,399	)		(1,662	)		—			(85,061	)
Selling, general, and administrative expenses		(1,747	)		(238	)		(1,579	)		(3,564	)
Segment profit (loss)	$	5,590		$	179		$	(1,579	)	$	4,190
Segment assets	$	81,454		$	2,277		$	1,925		$	85,656