Empire Resources (ERS) 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 11, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'EMPIRE RESOURCES INC /NEW/	'
Entity Central Index Key	'0001019272	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'ERS	'
Entity Common Stock, Shares Outstanding	'	8,672,565
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Current Fiscal Year End Date	'--12-31	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash	$2,749	$2,477
Trade accounts receivable (less allowance for doubtful accounts of $561 and $562)	92,629	52,696
Inventories	124,312	139,752
Deferred tax assets	3,206	3,217
Advance to supplier, net of imputed interest of $117 and $176	3,207	3,147
Other current assets, including derivatives	5,634	6,081
Total current assets	231,737	207,370
Advance to supplier, net of imputed interest of $13 and $56, and net of current maturities	1,664	3,287
Preferential supply agreement, net	481	641
Long-term financing costs, net of amortization	1,060	358
Property and equipment, net	3,910	3,949
Deferred tax assets	388	215
Total assets	239,240	215,820
Current liabilities:	'	'
Notes payable - banks	134,154	107,922
Current maturities of mortgage payable	1,200	1,290
Trade accounts payable	33,314	44,058
Income taxes payable	3,751	2,042
Accrued expenses and derivative liabilities	6,076	2,844
Dividends payable	217	215
Total current liabilities	178,712	158,371
Subordinated convertible debt net of unamortized discount of $1,085 and $1,368 respectively	10,915	10,632
Derivative liability for embedded conversion option	2,228	2,048
Total Liabilities	191,855	171,051
Commitments (Note 18)	'	'
Stockholders' equity:	'	'
Common stock $0.01 par value, 20,000,000 shares authorized and 11,749,651 shares issued at June 30, 2014 and December 31, 2013	117	117
Additional paid-in capital	12,210	11,937
Retained earnings	40,417	38,178
Accumulated other comprehensive income	53	51
Treasury stock, 3,077,086 and 3,177,708 shares at June 30, 2014 and December 31, 2013, respectively	-5,412	-5,514
Total stockholders' equity	47,385	44,769
Total liabilities and stockholders' equity	$239,240	$215,820

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets [Parenthetical] (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Allowance for doubtful accounts, trade accounts	$561	$562
Imputed interest, advance to supplier amortization amount	117	176
Imputed interest, advance to supplier amortization amount, current	13	56
Unamortized discount, subordinated convertible debt	$1,085	$1,368
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, authorized (in shares)	20,000,000	20,000,000
Common stock, issued (in shares)	11,749,651	11,749,651
Treasury stock (in shares)	3,077,086	3,177,708

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net sales	$146,516	$110,468	$284,833	$243,898
Cost of goods sold	139,501	105,201	271,331	232,001
Gross profit	7,015	5,267	13,502	11,897
Selling, general and administrative expenses	3,482	3,501	6,781	6,759
Operating income	3,533	1,766	6,721	5,138
Other expenses	'	'	'	'
Change in value of derivative liability	249	-44	-180	-2,167
Interest expense, net	-1,091	-1,134	-2,182	-2,247
Income before income taxes	2,691	588	4,359	724
Income taxes	1,045	221	1,687	272
Net income	$1,646	$367	$2,672	$452
Weighted average shares outstanding:	'	'	'	'
Basic (in shares)	8,669	8,586	8,649	8,585
Diluted (in shares)	11,968	8,871	11,949	8,860
Earnings per share:	'	'	'	'
Basic (in dollars per share)	$0.19	$0.04	$0.31	$0.05
Diluted (in dollars per share)	$0.15	$0.04	$0.28	$0.05

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net Income	$1,646	$367	$2,672	$452
Other comprehensive (loss)/income before tax	'	'	'	'
Foreign currency translation adjustments	-20	44	-14	-38
Decrease in value of interest rate swap liability	13	13	26	29
Increase in value of marketable securities	0	30	0	32
Other comprehensive (loss)/income before tax	-7	87	12	23
Income tax related to components of other comprehensive (loss)/income	-5	-16	-10	-23
Other comprehensive loss)/income, net of tax	-12	71	2	0
Comprehensive income	$1,634	$438	$2,674	$452

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows - operating activities:	'	'
Net income	$2,672	$452
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:	'	'
Depreciation and amortization	317	286
Change in value of derivative liability	180	2,167
Amortization of convertible note discount	283	283
Imputed interest on vendor advance	-103	-161
Loss on sale of marketable securities	0	31
Amortization of supply agreement	160	160
Deferred income taxes	-173	-942
Foreign exchange loss and other	2	10
Stock-based compensation	373	0
Changes in:	'	'
Trade accounts receivable	-39,954	-4,900
Inventories	15,421	25,879
Other current assets	448	-6,270
Trade accounts payable	-10,742	-8,562
Income taxes payable	1,708	1,212
Accrued expenses and derivative liabilities	3,260	-1,746
Net cash (used in)/provided by operating activities	-26,148	7,899
Cash flows - investing activities:	'	'
Repayment related to supply agreement	1,667	1,667
Net proceeds from sale of marketable securities	0	6
Purchases of property and equipment	-16	-4
Net cash provided by investing activities	1,651	1,669
Cash flows - financing activities:	'	'
Proceeds from/(repayments) of notes payable - banks	26,255	-10,169
Repayments - mortgage payable	-90	-84
Deferred Financing Costs	-965	0
Dividends paid	-431	-215
Proceeds from stock options exercised	15	0
Treasury stock purchased	-13	-21
Net cash provided by/(used in) financing activities	24,771	-10,489
Net increase/(decrease) in cash	274	-921
Effect of exchange rate	-2	-3
Cash at beginning of period	2,477	3,136
Cash at end of the period	2,749	2,212
Supplemental disclosures of cash flow information:	'	'
Interest	2,502	2,137
Income taxes	1,404	1,825
Non cash financing activities:	'	'
Dividend declared but not yet paid	$217	$215

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement of Stockholders' Equity (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income/(Loss) [Member]	Treasury Stock [Member]
In Thousands
Balance at Dec. 31, 2013	$44,769	$117	$11,937	$38,178	$51	($5,514)
Balance (in shares) at Dec. 31, 2013	'	11,750	'	'	'	'
Treasury stock acquired	-13	'	'	'	'	-13
Stock based compensation	373	'	263	'	'	110
Stock options exercised	15	'	10	'	'	5
Net change in cumulative translation adjustment	-14	'	'	'	-14	'
Decrease in value of interest rate swap liability, net of deferred tax of $10	16	'	'	'	16	'
Dividends declared ($0.05 per share)	-433	'	'	-433	'	'
Net income	2,672	'	'	2,672	'	'
Balance at Jun. 30, 2014	$47,385	$117	$12,210	$40,417	$53	($5,412)
Balance (in shares) at Jun. 30, 2014	'	11,750	'	'	'	'

Condensed_Consolidated_Stateme4

Condensed Consolidated Statement of Stockholders' Equity [Parenthetical] (USD $)	6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014
Decrease in value of interest rate swap liability, net of deferred tax	$10
Dividends declared	$0.05

The_Company

The Company	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	1. The Company
	The condensed consolidated financial statements include the accounts of Empire Resources, Inc. (the “Company”) and its wholly-owned subsidiaries, including Empire Resources Pacific Ltd., the Company’s sales agent in Australia, 6900 Quad Avenue LLC, the owner of a warehouse facility in Baltimore, Maryland and Imbali Metals BVBA (“Imbali”), the Company’s operating subsidiary in Europe and Empire Resources de Mexico, our operating subsidiary in Mexico. All significant inter-company transactions and accounts have been eliminated on consolidation.  The Company purchases and sells semi-finished aluminum and steel products to a diverse customer base located in the Americas, Australia, Europe and New Zealand.

Interim_Financial_Statements

Interim Financial Statements	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Condensed Financial Statements [Text Block]	'
	2. Interim Financial Statements
	The condensed consolidated interim financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. The information and note disclosures normally included in complete financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. The interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	The Company’s management is responsible for interim financial information. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments which are of a normal and recurring nature, necessary to present fairly the Company’s financial position as of June 30, 2014 and the results of its operations and cash flows for the three and six months ended June 30, 2014 and 2013. Interim results may not be indicative of the results that may be expected for the year.

Use_of_Estimates

Use of Estimates	6 Months Ended
	Jun. 30, 2014
Use Of Estimates [Abstract]	'
Use Of Estimates [Text Block]	'
	3. Use of Estimates
	The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period.  Actual results could differ from these estimates.

Concentrations

Concentrations	6 Months Ended
	Jun. 30, 2014
Risks and Uncertainties [Abstract]	'
Concentration Risk Disclosure [Text Block]	'
	4. Concentrations
	During the six month period ended June 30, 2014 and 2013 no one customer accounted for 10% or more of our consolidated sales.
	The Company purchases metal products from a limited number of suppliers throughout the world. Two suppliers, PT Alumindo Light Metal Industry and Hulamin Ltd. accounted for an aggregate of 43% of total purchases during the six month period ended June 30, 2014, as compared to 56% during the same period ended June 30, 2013.
	The loss of any one of our largest suppliers or a material default by any such supplier in its obligations to us could have a material adverse effect on our business.

Stock_Options

Stock Options	6 Months Ended
	Jun. 30, 2014
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	5. Stock Options
	Stock-based compensation for an award of equity instruments, including stock options, is recognized as an expense over the vesting period based on the fair value of the award at the grant date. As of June 30, 2014, there were outstanding employee stock options to acquire 400 shares of common stock, which had vested in prior years. During the six month period ended June 30, 2014, the Company did not grant any stock options. Treasury shares were issued for 4 stock options exercised during the quarter ended June 30, 2014.

Treasury_Stock

Treasury Stock	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Treasury Stock [Text Block]	'
	6. Treasury Stock
	On July 22, 2008, the Board of Directors authorized the Company to repurchase up to 2,000 shares of its common stock. As of June 30, 2014, the Company repurchased a total of 1,267 shares under the repurchase program for an aggregate cost of $3,299. During the six month period ended June 30, 2014, the Company purchased 3 common shares at a cost of $13. In January 2014, the Company issued 100 common shares out of treasury stock to a non-executive employee as part of a compensation arrangement.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	7. Inventories
	Inventories, which consist of purchased semi-finished metal products, are stated at the lower of cost or market value.  Cost is determined by the specific-identification method. Inventory is purchased for specific customer orders and the Company’s own inventory.  The carrying amount of inventory, which is hedged by futures contracts designated as fair value hedges, is adjusted to fair value.

Notes_Payable_Banks

Notes Payable - Banks	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
	8. Notes Payable—Banks
	Prior to June 19, 2014, we were a party to credit agreement with Rabobank International, for itself and as lead arranger and agent, JPMorgan Chase, for itself and as syndication agent, and ABN AMRO, BNP Paribas, RBS Citizens, Société Générale, and Brown Brothers Harriman which provided for a $200,000 revolving line of credit, including a commitment to issue letters of credit and a swing-line loan sub facility, with a maturity date of June 30, 2014.
	On June 19, 2014 we entered into an amended and restated committed credit agreement with Rabobank International, for itself and as lead arranger and agent, BNP Paribas, for itself and as syndication agent, and Société Générale, ABN AMRO, RB International, and Brown Brothers Harriman as well as a new uncommitted line of credit with Rabobank International, BNP Paribas and Société Générale. Both credit lines are secured, asset-based credit facilities. The committed credit facility is in the amount of $150,000, and the uncommitted facility is in the amount of $75,000. The agreement also allows for an additional increase in the committed credit facility of $75,000, for a total of $300,000, subject to certain restrictions and conditions. Our borrowings under this line of credit are secured by substantially all of our assets.
	Amounts borrowed bear interest at Eurodollar, money market or base rates, at our option, plus an applicable margin.   The credit agreements contains financial and other covenants, including but not limited to, covenants requiring maintenance of minimum tangible net working capital and compliance with leverage ratios, as well as an ownership minimum and limitations on other indebtedness, liens, distributions or dividends, and investments and dispositions of assets.   As of June 30, 2014, the Company was in compliance with all covenants under this credit agreement.
	Both credit agreements provide that amounts under the facilities may be borrowed and repaid, and re-borrowed, subject to a borrowing base test. The committed line of credit matures June 19, and the uncommitted credit agreement must be repaid by the Company on or before June 19, 2015 unless otherwise agreed to.  As of June 30, 2014 and December 31, 2013, the credit utilized amounted to, respectively, $201,618 and $174,605 (including approximately $77,118 and $71,105 of outstanding letters of credit).
	Our wholly owned Belgian subsidiary, Imbali, maintains a line of credit with ING Belgium S.A./N.V., for a EUR 8,000 (US$10,954) commitment for loans and documentary letters of credit. Loan advances are limited to a percentage of Imbali’s pledged accounts receivables and inventory and bear interest at EURIBOR plus 1.75%. This secured credit arrangement is unconditionally guaranteed by the Company. As of June 30, 2014, the outstanding loan amounted to EUR 7,050 (US $9,654), as compared to EUR 3,217 (US $4,422) on December 31, 2013. As of June 30, 2014 Imbali was in compliance with all financial covenants.

Mortgage_Payable

Mortgage Payable	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Mortgage Notes Payable Disclosure [Text Block]	'
	9. Mortgage Payable
	In connection with the purchase of its Baltimore warehouse, the Company entered into a mortgage loan, which had outstanding balances of $1,200 at June 30, 2014 and $1,290 at December 31, 2013. The loan requires monthly payments of approximately $21.6, including interest at LIBOR plus 1.75%, and matures in December 2014.  Under a related interest rate swap, which has been designated as a cash flow hedge and remains effective through the maturity of the mortgage loan, the Company pays a monthly fixed interest rate of 6.37% to the counterparty bank on a notional principal equal to the outstanding principal balance of the mortgage.  In return, the bank pays the Company a floating rate, namely, LIBOR, which resets monthly, plus 1.75% on the same notional principal amount.

Convertible_Subordinated_Debt

Convertible Subordinated Debt	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Subordinated Borrowings Disclosure [Text Block]	'
	10. Convertible Subordinated Debt
	On June 3, 2011, the Company issued $12,000 principal amount of 10% Convertible Senior Subordinated Notes Due June 1, 2016 in a private placement to selected accredited investors.  As of June 30, 2014, the notes are convertible at the option of the holders into shares of common stock at a conversion rate of 253.67 shares of common stock per $1,000 principal amount of notes (equivalent to a conversion price of $3.94 per share of common stock), subject to dilutive adjustment for cash and stock dividends, stock splits and similar transactions, at any time before maturity.  The current conversion price reflects 13 adjustments for dividends declared on the Company’s common stock since the issuance of the notes.  In addition, if the last reported sale price of the Company’s common stock for 30 consecutive trading days is equal to or greater than $7.00, and a registration statement is effective covering the resale of the shares of common stock issuable upon conversion of the notes, the Company has the right, in its sole discretion, to require the holders to convert all or part of their notes at the then applicable conversion rate.  Interest on the notes is payable in arrears on the first day of June and December every year the notes are outstanding. The purchase agreement pursuant to which the notes were issued contains covenants, including restrictions on the Company’s ability to incur certain indebtedness and create certain liens. As of June 30, 2014, the Company was in compliance with all covenants. Officers and directors of the Company and certain affiliated entities purchased $4,000 principal amount of the notes.
	As a result of transactions which cause adjustments to the conversion rate, the embedded conversion option has been bifurcated and recorded as a separate derivative liability at a fair value at issuance of the notes of $2,829, with a corresponding discount recorded on the notes. The derivative liability is carried at fair value with changes therein recorded in income. The quarterly mark to market of the derivative liability will result in non-operating, non-cash gains or losses based on decreases or increases in the Company’s stock price, respectively, among other factors. The non-cash discount is being amortized as additional interest expense over the term of the notes. During the three and six month periods ended June 30, 2014, the change in the fair value of the derivative liability resulted in a gain of $249 and a loss of $180, respectively, and amortization of the discount amounted to $141 and $282, respectively. During the three and six month periods ended June 30, 2013, the increase in the fair value of the derivative liability resulted in a loss of $44 and $2,167, respectively, and amortization of the discount amounted to $141 and $282, respectively.
	The derivative liability was valued using a lattice model using unobservable level 3 inputs. This technique was selected because it embodies all of the types of inputs that the Company expects market participants would consider in determining the fair value of equity linked derivatives embedded in hybrid debt agreements.
	The following table summarizes the significant inputs resulting from the calculations as of June 30, 2014, December 31, 2013 and issuance:
		June 30, 2014			December 31, 2013			June 3, 2011
	Equity value	$	35,890		$	30,708		$	36,811
	Volatility		35	%		45	%		70	%
	Risk free return		0.47	%		0.38	%		1.6	%
	Dividend Yield		2.42	%		2.79	%		2.51	%
	Strike Price	$	3.94		$	3.99		$	4.65
	The majority of the proceeds from the notes were earmarked for a long term advance in connection with a supply agreement with the Indonesian company PT. Alumindo Light Metal Industry Tbk (“PT. Alumindo”), a leading producer of high quality semi-finished aluminum products, and its affiliates, as described below.  The Company provided a $10 million non-interest bearing advance to an affiliate of PT. Alumindo to enable the expansion of capacity within that group of companies’ production network.  Agreements entered into in connection with this loan also provide for a long term, multi-year substantial and preferential supply position from PT. Alumindo's premier aluminum rolling mill located in Surabaya, Indonesia.   The pre-payment advance became repayable to us beginning on January 1, 2013 in monthly installments of $278. As of August 4, 2014, the payments are up to date and current. If the Company and PT. Alumindo are unable to agree on a product price under the supply agreement for any given quarter, the monthly re-payment obligation will increase to $556 and the outstanding balance will accrue interest, at the one month U.S. dollar LIBOR rate plus 3.5% per annum, per month. The entire remaining balance, if any, must be repaid on January 1, 2016. As consideration for this loan, PT. Alumindo agreed to make available a committed and significant tonnage of production to the Company on a guaranteed and long-term basis, which should help the Company lessen the risk of an interruption in the sources of its metal supply from PT. Alumindo’s mill in Surabaya, Indonesia, with which the Company has had substantial experience. The supply agreement calls for increased supply and minimum tonnages.
	Interest at the rate of 3.74%, based on the interest rate chargeable in the agreement in the event the supplier does not meet its supply commitments, has been imputed on the non-interest bearing advance and the resulting discount which amounted to $962 has been ascribed to the preferential supply agreement.  Imputed interest is recorded in income over the term of the advance by use of the interest method. The preferential supply agreement is being amortized by the straight line method over three years starting from January 1, 2013, the date that the increased supply agreement began. During the three and six month periods ended June 30, 2014 and 2013 amortization amounted to $80 in each three month period and $160 in each six month period.

Earnings_per_Share

Earnings per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	11. Earnings per Share
	Basic earnings per share are based upon weighted average number of shares of common stock outstanding during each period. Diluted earnings per share are based upon the weighted average number of shares of common stock outstanding during each period, plus potential dilutive shares of common stock from assumed exercise of the outstanding stock options using the treasury stock method and assumed conversion of subordinated debt.
	The following table sets forth the computation of basic and diluted earnings per share:
		Three Months  Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
	Numerator:
	Net income	$	1,646	$	367	$	2,672	$	452
	Add back of interest on convertible subordinated debt, net of taxes		185		-		371		-
	Add back of amortization of discount on convertible subordinated debt, net of taxes		87		-		175		-
	Adjustment for change in value of convertible note derivative, net of taxes		-154		-		111		-
	Numerator for diluted earnings per share	$	1,764	$	367	$	3,329	$	452
	Denominator:
	Weighted average shares outstanding-basic		8,669		8,586		8,649		8,585
	Dilutive effect of stock options		255		285		256		275
	Dilutive effect of convertible subordinated debt		3,044		-		3,044		-
	Weighted average shares outstanding-diluted		11,968		8,871		11,949		8,860
	Basic Earnings per Share	$	0.19	$	0.04	$	0.31	$	0.05
	Diluted Earnings per Share	$	0.15	$	0.04	$	0.28	$	0.05
	In computing diluted earnings per share for the three and six months ended June 30 2013 no effect has been given to the 2,965 common shares issuable upon conversion of subordinated debt as the effect thereof is anti-dilutive.

Dividends

Dividends	6 Months Ended
	Jun. 30, 2014
Notes To Financial Statements [Abstract]	'
Dividend Disclosure [Text Block]	'
	12. Dividends
	On June 18, 2014, our Board of Directors announced a cash dividend of $0.025 per share to stockholders of record at the close of business on July 7, 2014. The dividend totaling $217, was paid on July 18, 2014. On March 25, 2014, our Board of Directors announced a cash dividend of $0.025 per share to stockholders of record at the close of business on April 7, 2014. The dividend, totaling $217, was paid on April 14, 2014. The Board of Directors will review its dividend policy on a quarterly basis, and make a determination subject to the profitability and free cash flow and the other requirements of the business.

Derivative_Financial_Instrumen

Derivative Financial Instruments and Risk Management	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments and Hedging Activities Disclosure [Text Block]	'
	13. Derivative Financial Instruments and Risk Management
	The Company uses derivative financial instruments designated as fair value hedges to manage its exposure to commodity price risk and foreign currency exchange risk inherent in its operations. It is the Company’s policy to hedge such risks to the extent practicable. The Company enters into high-grade aluminum futures contracts to limit its gross margin exposure by hedging the metal content element of firmly committed purchase and sales commitments. The Company also enters into foreign exchange forward contracts to hedge its exposure related to commitments to buy and sell metals as well as its accounts receivable denominated in international currencies.
	The Company’s unrealized assets and liabilities in respect of its fair value hedges measured at fair value are as follows:
	Derivatives designated			June 30,			December 31,
	as fair value hedges		Balance Sheet Location	2014			2013
	Asset derivatives:
	Aluminum futures contracts		Other current assets	$	-			1,047
	Foreign currency forward contracts		Other current assets		-			316
	Total			$	-		$	1,363
	Liability derivatives:
	Foreign currency forward contracts		Accrued expenses and derivative liabilities	$	537		$	-
	Aluminum futures contracts		Accrued expenses and derivative liabilities		2,188			-
	Total			$	2,725		$	-
	For the periods ended June 30, 2014 and December 31, 2013, hedge ineffectiveness associated with derivatives designated as fair value hedges was insignificant, and no fair value hedges were derecognized.
	The Company has entered into interest rate swaps to convert the mortgage for its Baltimore warehouse from a variable rate to a fixed rate obligation. The swap has been designated as a cash flow hedge and the Company’s unrealized liabilities relating to it measured at fair value are as follows:
	Derivatives designated			June 30,			December 31,
	as cash flow hedges		Balance Sheet Location	2014			2013
	Liability derivatives:
	Interest rate swap contracts		Accrued expenses and derivative liabilities	$	25		$	52
	A corresponding debit, net of deferred taxes, is reflected in accumulated other comprehensive income in the accompanying balance sheets.
	The table below summarizes the realized gains or (losses) of the Company’s derivative instruments and their location in the income statement:
	Derivatives in hedging			Location of Gain or		Three Months Ended					Six Months Ended
						June 30,					June 30,
	Relationships			(Loss) Recognized		2014			2013		2014		2013
	Foreign currency forward contracts		(a)	Cost of goods sold		$	-428		$	631	$	-401	$	878
	Interest rate swaps		(b)	Interest expense, net			-14			-16		-28		-32
	Aluminum futures		(c)	Cost of goods sold			61			3,241		1,705		3,153
	Total					$	-381		$	3,856	$	1,276	$	3,999
		a)	Fair value hedge: the related hedged item is accounts receivable and offsetting gain in 2014 and losses in 2013 are included in cost of goods sold in the same respective amounts.
		b)	Cash flow hedge: recognized losses reclassified from accumulated other comprehensive loss.
		c)	Fair value hedge: the related hedged item is inventory and offsetting losses in 2014 and 2013 are included in cost of goods sold in the same respective amounts.

Fair_Value

Fair Value

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

'

Fair Value Disclosures [Text Block]

'

14. Fair Value

Authoritative guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy consists of three broad levels, as described below:

·

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

·

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

·

Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

Derivative contracts consisting of aluminum contracts, foreign currency contracts and interest rates swaps are valued using quoted market prices and significant other observable inputs. These financial instruments are typically exchange-traded and are generally classified within Level 1 or Level 2 of the fair value hierarchy depending on whether the exchange is deemed to be an active market or not.

Major categories of assets and liabilities measured at fair value at June 30, 2014 and December 31, 2013 are classified as follows:

June 30, 2014

December 31, 2013

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

Assets:

Inventories

$

99,578

$

106,903

Aluminum futures contracts

-

1,047

Foreign Currency forward contracts

-

316

Liabilities:

Foreign currency forward contracts

537

-

Interest rate swap contracts

$

25

$

52

Aluminum futures contracts

2,188

Embedded conversion option

$

2,228

$

2,048

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2014
Investments, All Other Investments [Abstract]	'
Financial Instruments Disclosure [Text Block]	'
	15. Fair Value of Financial Instruments
	The carrying amounts of variable rate notes payable to the banks and the variable rate mortgage payable approximate fair value as of June 30, 2014 and December 31, 2013, because these notes reflect market changes to interest rates. The fair value of the subordinated convertible debt approximates its principal amount of $12,000 at June 30, 2014 and December 31, 2013, which exceeds its carrying amount as a result of the unamortized discount related to the bifurcation of the embedded conversion option. The fair value of the advance to supplier approximates its carrying value. Derivative financial instruments are carried at fair value (see Note 14).

Business_Segment_and_Geographi

Business Segment and Geographic Area Information	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	16. Business Segment and Geographic Area Information
	The Company’s only business segment is the sale and distribution of metals. Sales are attributed to countries based on location of customers as follows:
		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
	United States	$	87,729	$	80,213	$	162,697	$	164,151
	Latin America		24,097		4,561		57,268		25,962
	Canada		12,987		12,468		24,683		24,655
	Australia & New Zealand		11,493		9,810		22,406		21,478
	Europe		10,210		3,416		17,779		7,652
		$	146,516	$	110,468	$	284,833	$	243,898

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income/(Loss)	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Comprehensive Income (Loss) Note [Text Block]	'
	17. Accumulated Other Comprehensive Income/(Loss)
	Changes in accumulated other comprehensive income/(loss) by component on an after tax basis are as follows:
	Three Months ended June 30, 2014	Foreign		Interest Rate			Available			Total
		Currency		Swap			for Sale
		Translation		Contract			Marketable
							Securities
	Beginning balance	$	90	$	-25		$	-		$	65
	Other comprehensive (loss) before reclassification		-20		-			-			-20
	Loss reclassified to operations		-		8	(a)		-			8
	Net current period other comprehensive (loss)/income		-20		8			-			-12
	Ending balance	$	70	$	-17		$	-		$	53
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	13
	Income taxes				-5
	Net of tax			$	8
	Three Months ended June 30, 2013	Foreign		Interest Rate			Available			Total
		Currency		Swap			for Sale
		Translation		Contract			Marketable
							Securities
	Beginning balance	$	-130	$	-59		$	-18		$	-207
	Other comprehensive income/(loss) before reclassification		44		-1			-2			41
	Loss reclassified to operations		-		10	(a)		20	(a)		30
	Net current period other comprehensive (loss)/income		44		9			18			71
	Ending balance	$	-86	$	-50		$	-		$	-136
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	16		$	32
	Income taxes				-6			-12
	Net of tax			$	10		$	20
	Six months ended June 30, 2014	Foreign		Interest			Available			Total
		Currency		Rate Swap			for Sale
		Translation		Contract			Marketable
							Securities
	Beginning balance	$	84	$	-33					$	51
	Other comprehensive (loss) before reclassification		-14								-14
	Loss reclassified to operations		-		16	(a)		-			16
	Net current period other comprehensive (loss)/ income		-14		16			-			2
	Ending balance	$	70	$	-17		$	-		$	53
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	26
	Income taxes				-10
	Net of tax			$	16
	Six months ended June 30, 2013	Foreign		Interest			Available			Total
		Currency		Rate Swap			for Sale
		Translation		Contract			Marketable
							Securities
	Beginning balance	$	-48	$	-68		$	-20		$	-136
	Other comprehensive (loss) before reclassification		-38		-2			-			-40
	Loss reclassified to operations		-		20	(a)		20	(a)		40
	Net current period other comprehensive (loss)/ income		-38		18			20			-
	Ending balance	$	-86	$	-50		$	-		$	-136
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	32		$	32
	Income taxes				-12			-12
	Net of tax			$	20		$	20

Commitments

Commitments	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	18. Commitments
	The Company had $77,118 in outstanding letters of credit to certain of its suppliers at June 30, 2014.

Convertible_Subordinated_Debt_

Convertible Subordinated Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
	The following table summarizes the significant inputs resulting from the calculations as of June 30, 2014, December 31, 2013 and issuance:
		June 30, 2014			December 31, 2013			June 3, 2011
	Equity value	$	35,890		$	30,708		$	36,811
	Volatility		35	%		45	%		70	%
	Risk free return		0.47	%		0.38	%		1.6	%
	Dividend Yield		2.42	%		2.79	%		2.51	%
	Strike Price	$	3.94		$	3.99		$	4.65

Earnings_per_Share_Tables

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The following table sets forth the computation of basic and diluted earnings per share:
		Three Months  Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
	Numerator:
	Net income	$	1,646	$	367	$	2,672	$	452
	Add back of interest on convertible subordinated debt, net of taxes		185		-		371		-
	Add back of amortization of discount on convertible subordinated debt, net of taxes		87		-		175		-
	Adjustment for change in value of convertible note derivative, net of taxes		-154		-		111		-
	Numerator for diluted earnings per share	$	1,764	$	367	$	3,329	$	452
	Denominator:
	Weighted average shares outstanding-basic		8,669		8,586		8,649		8,585
	Dilutive effect of stock options		255		285		256		275
	Dilutive effect of convertible subordinated debt		3,044		-		3,044		-
	Weighted average shares outstanding-diluted		11,968		8,871		11,949		8,860
	Basic Earnings per Share	$	0.19	$	0.04	$	0.31	$	0.05
	Diluted Earnings per Share	$	0.15	$	0.04	$	0.28	$	0.05

Derivative_Financial_Instrumen1

Derivative Financial Instruments and Risk Management (Tables)	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	'
	The Company’s unrealized assets and liabilities in respect of its fair value hedges measured at fair value are as follows:
	Derivatives designated			June 30,			December 31,
	as fair value hedges		Balance Sheet Location	2014			2013
	Asset derivatives:
	Aluminum futures contracts		Other current assets	$	-			1,047
	Foreign currency forward contracts		Other current assets		-			316
	Total			$	-		$	1,363
	Liability derivatives:
	Foreign currency forward contracts		Accrued expenses and derivative liabilities	$	537		$	-
	Aluminum futures contracts		Accrued expenses and derivative liabilities		2,188			-
	Total			$	2,725		$	-
Schedule Of Derivatives Designated As Fair Value Hedges [Table Text Block]	'
	The Company has entered into interest rate swaps to convert the mortgage for its Baltimore warehouse from a variable rate to a fixed rate obligation. The swap has been designated as a cash flow hedge and the Company’s unrealized liabilities relating to it measured at fair value are as follows:
	Derivatives designated			June 30,			December 31,
	as cash flow hedges		Balance Sheet Location	2014			2013
	Liability derivatives:
	Interest rate swap contracts		Accrued expenses and derivative liabilities	$	25		$	52
Schedule Of Derivatives Designated As Cash Flow Hedges [Table Text Block]	'
	The table below summarizes the realized gains or (losses) of the Company’s derivative instruments and their location in the income statement:
	Derivatives in hedging			Location of Gain or		Three Months Ended					Six Months Ended
						June 30,					June 30,
	Relationships			(Loss) Recognized		2014			2013		2014		2013
	Foreign currency forward contracts		(a)	Cost of goods sold		$	-428		$	631	$	-401	$	878
	Interest rate swaps		(b)	Interest expense, net			-14			-16		-28		-32
	Aluminum futures		(c)	Cost of goods sold			61			3,241		1,705		3,153
	Total					$	-381		$	3,856	$	1,276	$	3,999
		a)	Fair value hedge: the related hedged item is accounts receivable and offsetting gain in 2014 and losses in 2013 are included in cost of goods sold in the same respective amounts.
		b)	Cash flow hedge: recognized losses reclassified from accumulated other comprehensive loss.
		c)	Fair value hedge: the related hedged item is inventory and offsetting losses in 2014 and 2013 are included in cost of goods sold in the same respective amounts.

Fair_Value_Tables

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	'
	Major categories of assets and liabilities measured at fair value at June 30, 2014 and December 31, 2013 are classified as follows:
		June 30, 2014						December 31, 2013
		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
	Assets:
	Inventories	$	99,578					$	106,903
	Aluminum futures contracts		-						1,047
	Foreign Currency forward contracts		-						316
	Liabilities:
	Foreign currency forward contracts		537						-
	Interest rate swap contracts			$	25					$	52
	Aluminum futures contracts		2,188
	Embedded conversion option					$	2,228					$	2,048

Business_Segment_and_Geographi1

Business Segment and Geographic Area Information (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	The Company’s only business segment is the sale and distribution of metals. Sales are attributed to countries based on location of customers as follows:
		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
	United States	$	87,729	$	80,213	$	162,697	$	164,151
	Latin America		24,097		4,561		57,268		25,962
	Canada		12,987		12,468		24,683		24,655
	Australia & New Zealand		11,493		9,810		22,406		21,478
	Europe		10,210		3,416		17,779		7,652
		$	146,516	$	110,468	$	284,833	$	243,898

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income/(Loss) (Tables)	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
	Changes in accumulated other comprehensive income/(loss) by component on an after tax basis are as follows:
	Three Months ended June 30, 2014	Foreign		Interest Rate			Available			Total
		Currency		Swap			for Sale
		Translation		Contract			Marketable
							Securities
	Beginning balance	$	90	$	-25		$	-		$	65
	Other comprehensive (loss) before reclassification		-20		-			-			-20
	Loss reclassified to operations		-		8	(a)		-			8
	Net current period other comprehensive (loss)/income		-20		8			-			-12
	Ending balance	$	70	$	-17		$	-		$	53
	Three Months ended June 30, 2013	Foreign		Interest Rate			Available				Total
		Currency		Swap			for Sale
		Translation		Contract			Marketable
							Securities
	Beginning balance	$	-130	$	-59		$	-18			$	-207
	Other comprehensive income/(loss) before reclassification		44		-1			-2				41
	Loss reclassified to operations		-		10	(a)		20	(a)			30
	Net current period other comprehensive (loss)/income		44		9			18				71
	Ending balance	$	-86	$	-50		$	-			$	-136
	Six months ended June 30, 2014	Foreign		Interest			Available			Total
		Currency		Rate Swap			for Sale
		Translation		Contract			Marketable
							Securities
	Beginning balance	$	84	$	-33					$	51
	Other comprehensive (loss) before reclassification		-14								-14
	Loss reclassified to operations		-		16	(a)		-			16
	Net current period other comprehensive (loss)/ income		-14		16			-			2
	Ending balance	$	70	$	-17		$	-		$	53
	Six months ended June 30, 2013	Foreign		Interest			Available				Total
		Currency		Rate Swap			for Sale
		Translation		Contract			Marketable
							Securities
	Beginning balance	$	-48	$	-68		$	-20			$	-136
	Other comprehensive (loss) before reclassification		-38		-2			-				-40
	Loss reclassified to operations		-		20	(a)		20	(a)			40
	Net current period other comprehensive (loss)/ income		-38		18			20				-
	Ending balance	$	-86	$	-50		$	-			$	-136
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	'
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	13
	Income taxes				-5
	Net of tax			$	8
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	16		$	32
	Income taxes				-6			-12
	Net of tax			$	10		$	20
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	26
	Income taxes				-10
	Net of tax			$	16
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	32		$	32
	Income taxes				-12			-12
	Net of tax			$	20		$	20

Concentrations_Details_Textual

Concentrations (Details Textual)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Sales Revenue, Goods, Net [Member]	'	'
Concentration Risk, Percentage	10.00%	10.00%
Cost Of Goods, Total [Member]	'	'
Concentration Risk, Percentage	43.00%	56.00%

Stock_Options_Details_Textual

Stock Options (Details Textual)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	400
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	4

Treasury_Stock_Details_Textual

Treasury Stock (Details Textual) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jul. 22, 2008
Equity, Class of Treasury Stock [Line Items]	'	'
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	'	2,000
Treasury stock acquired	$13	'
Stock Repurchased During Period, Shares	3	'
Stock Repurchased During Period, Value	13	'
Stock Issued During Period, Shares, Treasury Stock Reissued	100	'
Repurchase One [Member]	'	'
Equity, Class of Treasury Stock [Line Items]	'	'
Treasury stock acquired	$3,299	'
Treasury Stock Shares Acquired Cost Method	1,267	'

Notes_Payable_Banks_Details_Te

Notes Payable - Banks (Details Textual)	6 Months Ended					6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Jun. 19, 2014	Dec. 31, 2013	Dec. 31, 2013	Jun. 30, 2014
	USD ($)	EUR (€)	USD ($)	USD ($)	EUR (€)	Rabobank International [Member]
						USD ($)
Line of Credit Facility [Line Items]	'	'	'	'	'	'
Line of Credit Facility, Fair Value of Amount Outstanding	$9,654	€ 7,050	'	$4,422	€ 3,217	'
Line of Credit Facility, Amount Outstanding	77,118	'	200,000	71,105	'	300,000
Line Of Credit Facility, Amount Utilized	201,618	'	'	174,605	'	'
Line of Credit Facility, Commitment Fee Amount	10,954	8,000	'	'	'	'
Line Of Credit Facility, Interest Rate, Variable Rate Basis	'EURIBOR plus 1.75%	'EURIBOR plus 1.75%	'	'	'	'
Line of Credit Facility, Maximum Borrowing Capacity	'	'	'	'	'	150,000
Line of Credit Facility, Remaining Borrowing Capacity	'	'	'	'	'	75,000
Line of Credit Facility, Increase (Decrease), Other, Net	'	'	'	'	'	$75,000

Mortgage_Payable_Details_Textu

Mortgage Payable (Details Textual) (Mortgage Loans [Member], USD $)	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Mortgage Loans [Member]	'	'
Mortgage Loans on Real Estate [Line Items]	'	'
Debt Instrument, Periodic Payment	$21,600	'
Loans Receivable, Description of Variable Rate Basis	'LIBOR plus 1.75%	'
Debt Instrument, Interest Rate, Stated Percentage	6.37%	'
Debt Instrument, Face Amount	$1,200,000	$1,290,000
Debt Instrument, Maturity Date	31-Dec-14	'

Convertible_Subordinated_Debt_1

Convertible Subordinated Debt (Details) (USD $)	0 Months Ended	6 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 03, 2011	Jun. 30, 2014	Dec. 31, 2013
Equity value	$36,811	$35,890	$30,708
Volatility	70.00%	35.00%	45.00%
Risk free return	1.60%	0.47%	0.38%
Dividend Yield	2.51%	2.42%	2.79%
Strike Price	$4.65	$3.94	$3.99

Convertible_Subordinated_Debt_2

Convertible Subordinated Debt (Details Textual) (USD $)	3 Months Ended		6 Months Ended				6 Months Ended	12 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 03, 2011	Jun. 30, 2014
					Subsequent Event [Member]	Pt Alumindo [Member]	Convertible Senior Subordinated Notes [Member]	Convertible Senior Subordinated Notes [Member]	Supply Agreement With Pt. Alumindo [Member]
Convertible Subordinated Debt [Line Items]	'	'	'	'	'	'	'	'	'
Debt Instrument, Interest Rate During Period	'	'	'	'	'	'	'	10.00%	'
Debt Instrument, Convertible, Conversion Price	$3.94	'	$3.94	'	'	'	$7	'	'
Convertible Subordinated Debt	$4,000,000	'	$4,000,000	'	'	'	'	'	'
Derivative Liability, Fair Value, Amount Not Offset Against Collateral, Total	'	'	'	'	'	'	2,829,000	'	'
Unrealized Gain (Loss) on Derivatives	249,000	44,000	180,000	2,167,000	'	'	'	'	'
Accounts Payable, Interest-bearing	962,000	'	962,000	'	'	'	'	'	'
Debt Instrument, Convertible, Conversion Ratio	'	'	'	'	'	'	253.67	'	'
Payments to Fund Long-term Loans to Related Parties	'	'	'	'	'	'	'	'	1,000
Related Party Loan Monthly Instalment	'	'	'	'	'	'	'	'	278,000
Related Party Loan Monthly Instalment Upon Disagreement	141,000	141,000	282,000	282,000	556,000	'	'	'	'
Debt Instrument, Interest Rate, Effective Percentage	'	'	'	'	3.50%	'	'	'	'
Related Party Loan Interest Rate Basis Upon Disagreement	'	'	3.74%	'	'	'	'	'	'
Amortization Of Intangible Assets	80,000	80,000	160,000	160,000	'	'	'	12,000,000	'
Due from Affiliates	'	'	'	'	'	$10,000,000	'	'	'

Earnings_per_Share_Details

Earnings per Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:	'	'	'	'
Net income	$1,646	$367	$2,672	$452
Add back of interest on convertible subordinated debt, net of taxes	185	0	371	0
Add back of amortization of discount on convertible subordinated debt, net of taxes	87	0	175	0
Adjustment for change in value of convertible note derivative, net of taxes	-154	0	111	0
Numerator for diluted earnings per share	$1,764	$367	$3,329	$452
Denominator:	'	'	'	'
Weighted average shares outstanding-basic (in shares)	8,669	8,586	8,649	8,585
Dilutive effect of stock options (in shares)	255	285	256	275
Dilutive effect of convertible subordinated debt (in shares)	3,044	0	3,044	0
Weighted average shares outstanding-diluted (in shares)	11,968	8,871	11,949	8,860
Basic Earnings per Share (in dollars per share)	$0.19	$0.04	$0.31	$0.05
Diluted Earnings per Share (in dollars per share)	$0.15	$0.04	$0.28	$0.05

Earnings_per_Share_Details_Tex

Earnings per Share (Details Textual)	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,965	2,965

Dividends_Details_Textual

Dividends (Details Textual) (USD $)	1 Months Ended	0 Months Ended	1 Months Ended	6 Months Ended		1 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 18, 2014	Apr. 14, 2014	Mar. 25, 2014	Jun. 30, 2014	Jun. 30, 2013	Jul. 18, 2014
						Subsequent Event [Member]
Dividends Payable [Line Items]	'	'	'	'	'	'
Common Stock, Dividends, Per Share, Cash Paid	$0.03	'	$0.03	'	'	'
Payments of Dividends, Total	'	$217	'	$431	$215	$217

Derivative_Financial_Instrumen2

Derivative Financial Instruments and Risk Management (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Fair Value Hedge Assets	$0	$1,363
Fair Value Hedge Liabilities	2,725	0
Other Current Assets [Member] | Foreign currency forward contracts [Member]	'	'
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Fair Value Hedge Assets	0	316
Other Current Assets [Member] | Aluminum Futures Contracts [Member]	'	'
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Fair Value Hedge Assets	0	1,047
Accrued Expenses and Derivative Liabilities [Member] | Foreign currency forward contracts [Member]	'	'
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Fair Value Hedge Liabilities	537	0
Accrued Expenses and Derivative Liabilities [Member] | Aluminum Futures Contracts [Member]	'	'
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Fair Value Hedge Liabilities	$2,188	$0

Derivative_Financial_Instrumen3

Derivative Financial Instruments and Risk Management (Details 1) (Accrued expenses and derivative liabilities [Member], USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accrued expenses and derivative liabilities [Member]	'	'
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Interest rate swap contracts	$25	$52

Derivative_Financial_Instrumen4

Derivative Financial Instruments and Risk Management (Details 2) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Derivative Financial Instruments and Risk Management [Line Items]	'		'		'		'
Derivative, Gain (Loss) on Derivative, Net, Total	($381)		$3,856		$1,276		$3,999
Foreign currency forward contracts [Member] | Cost of goods sold [Member]	'		'		'		'
Derivative Financial Instruments and Risk Management [Line Items]	'		'		'		'
Derivative, Gain (Loss) on Derivative, Net, Total	-428	[1]	631	[1]	-401	[1]	878	[1]
Interest rate swaps [Member] | Interest expense, net [Member]	'		'		'		'
Derivative Financial Instruments and Risk Management [Line Items]	'		'		'		'
Derivative, Gain (Loss) on Derivative, Net, Total	-14	[2]	-16	[2]	-28	[2]	-32	[2]
Aluminum futures [Member] | Cost of goods sold [Member]	'		'		'		'
Derivative Financial Instruments and Risk Management [Line Items]	'		'		'		'
Derivative, Gain (Loss) on Derivative, Net, Total	$61	[3]	$3,241	[3]	$1,705	[3]	$3,153	[3]
[1]	Fair value hedge: the related hedged item is accounts receivable and offsetting gain in 2014 and losses in 2013 are included in cost of goods sold in the same respective amounts.
[2]	Cash flow hedge: recognized losses reclassified from accumulated other comprehensive loss.
[3]	Fair value hedge: the related hedged item is inventory and offsetting losses in 2014 and 2013 are included in cost of goods sold in the same respective amounts.

Fair_Value_Details

Fair Value (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Inputs, Level 1 [Member] | Inventories [Member]	'	'
Assets, Fair Value Disclosure	$99,578	$106,903
Fair Value, Inputs, Level 1 [Member] | Aluminum Futures Contracts [Member]	'	'
Assets, Fair Value Disclosure	0	1,047
Liabilities, Fair Value Disclosure	2,188	'
Fair Value, Inputs, Level 1 [Member] | Foreign Currency Forward Contracts [Member]	'	'
Assets, Fair Value Disclosure	0	316
Liabilities, Fair Value Disclosure	537	0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]	'	'
Liabilities, Fair Value Disclosure	25	52
Fair Value, Inputs, Level 3 [Member] | Embedded Conversion Option [Member]	'	'
Liabilities, Fair Value Disclosure	$2,228	$2,048

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Details Textual) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument, Fair Value Disclosure	$12,000	$12,000

Business_Segment_and_Geographi2

Business Segment and Geographic Area Information (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Other Revenue, Net	$146,516	$110,468	$284,833	$243,898
United States [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Other Revenue, Net	87,729	80,213	162,697	164,151
Latin America [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Other Revenue, Net	24,097	4,561	57,268	25,962
Canada [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Other Revenue, Net	12,987	12,468	24,683	24,655
Australia and New Zealand [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Other Revenue, Net	11,493	9,810	22,406	21,478
Europe [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Other Revenue, Net	$10,210	$3,416	$17,779	$7,652

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income/(Loss) (Details) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Beginning balance, Foreign currency translation	$90		($130)		$84		($48)
Other comprehensive income/(loss) before reclassification, Foreign Currency Translation	-20		44		-14		-38
Loss reclassified to operations, Foreign Currency Translation	0		0		0		0
Net current period other comprehensive (loss)/ income, Foreign Currency Translation	-20		44		-14		-38
Ending Balance, Foreign Currency Translation	70		-86		70		-86
Beginning Balance, Interest Rate Swap Contract	-25		-59		-33		-68
Other comprehensive income/(loss) before reclassification, Interest Rate Swap Contract	0		-1		'		-2
Loss reclassified to operations, Interest Rate Swap Contract	8	[1]	10	[2]	16	[3]	20	[4]
Net current period other comprehensive (loss)/ income, Interest Rate Swap Contract	8		9		16		18
Ending Balance, Interest Rate Swap Contract	-17		-50		-17		-50
Beginning Balance, Available for Sale Marketable Securities	0		-18		'		-20
Other comprehensive income/(loss) before reclassification, Available for Sale Marketable Securities	0		-2		'		0
Loss reclassified to operations, Available for Sale Marketable Securities	0		20	[2]	0		20	[4]
Net current period other comprehensive (loss)/ income, Available for Sale Marketable Securities	0		18		0		20
Ending Balance, Available for Sale Marketable Securities	0		0		0		0
Beginning Balance	65		-207		51		-136
Other comprehensive income/(loss) before reclassification	-20		41		-14		-40
Loss reclassified to operations	8		30		16		40
Net current period other comprehensive (loss)/ income	-12		71		2		0
Ending Balance	$53		($136)		$53		($136)
[1]	(a) Reclassified to following line items in the statement of income: Interest expense, net $ 13 Income taxes (5 ) Net of tax $ 8
[2]	(a) Reclassified to following line items in the statement of income: Interest expense, net $ 16 $ 32 Income taxes (6 ) (12 ) Net of tax $ 10 $ 20
[3]	(a) Reclassified to following line items in the statement of income: Interest expense, net $ 26 Income taxes (10 ) Net of tax $ 16
[4]	(a) Reclassified to following line items in the statement of income: Interest expense, net $ 32 $ 32 Income taxes (12 ) (12 ) Net of tax $ 20 $ 20

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Income/(Loss) (Details 1) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
(a) Reclassified to following line items in the statement of income:	'	'	'	'
Income taxes	$1,045	$221	$1,687	$272
Net of tax	8	30	16	40
Interest Rate Swap [Member]	'	'	'	'
(a) Reclassified to following line items in the statement of income:	'	'	'	'
Interest expense, net	13	16	26	32
Income taxes	-5	-6	-10	-12
Net of tax	8	10	16	20
Available-for-sale Securities [Member]	'	'	'	'
(a) Reclassified to following line items in the statement of income:	'	'	'	'
Interest expense, net	'	32	'	32
Income taxes	'	-12	'	-12
Net of tax	'	$20	'	$20

Commitments_Details_Textual

Commitments (Details Textual) (USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified
Letters of Credit Outstanding, Amount	$77,118