Empire Resources (ERS) 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	12-May-15
Document Information [Line Items]
Entity Registrant Name	EMPIRE RESOURCES INC /NEW/
Entity Central Index Key	1019272
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Trading Symbol	ERS
Entity Common Stock, Shares Outstanding		8,694,678
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash	$4,652	$1,130
Trade accounts receivable (less allowance for doubtful accounts of $536 and $562)	108,094	89,693
Inventories	186,753	192,064
Deferred tax assets	3,901	3,911
Advance to supplier, net of imputed interest of $31 and $66	2,469	3,277
Other current assets, including derivatives	13,640	18,605
Total current assets	319,509	308,680
Preferential supply agreement, net	240	321
Long-term financing costs, net of amortization	915	1,024
Property and equipment, net	4,335	4,258
Total assets	324,999	314,283
Current liabilities:
Notes payable - banks	222,331	201,088
Trade accounts payable	31,389	42,626
Income taxes payable	4,898	4,190
Accrued expenses and derivative liabilities	4,859	4,137
Dividends payable	218	449
Total current liabilities	263,695	252,490
Subordinated convertible debt net of unamortized discount of $605 and $803 respectively	10,395	10,197
Derivative liability for embedded conversion option	1,738	2,734
Deferred taxes payable	49	51
Total liabilities	275,877	265,472
Commitments (Note 19)
Stockholders' equity:
Common stock $0.01 par value, 20,000,000 shares authorized and 11,749,651 shares issued at March 31, 2015 and December 31, 2014	117	117
Additional paid-in capital	13,678	13,678
Retained earnings	42,242	40,805
Accumulated other comprehensive loss	-719	-334
Treasury stock, 3,007,528 and 2,843,717 shares at March 31, 2015 and December 31, 2014, respectively	-6,196	-5,455
Total stockholders' equity	49,122	48,811
Total liabilities and stockholders' equity	$324,999	$314,283

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets [Parenthetical] (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Allowance for doubtful accounts, trade accounts	$536	$562
Imputed interest, advance to supplier amortization amount	31	66
Unamortized discount, subordinated convertible debt	$605	$803
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)	3,007,528	2,843,717

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net sales	$168,253	$138,317
Cost of goods sold	161,077	131,830
Gross profit	7,176	6,487
Selling, general and administrative expenses	3,898	3,299
Operating income	3,278	3,188
Interest expense, net	1,675	1,091
Income before other expenses	1,603	2,097
Other expenses
Change in value of derivative liability	996	-429
Income before income taxes	2,599	1,668
Income taxes	944	860
Net income	$1,655	$808
Weighted average shares outstanding:
Basic (in shares)	8,807	8,629
Diluted (in shares)	11,924	8,886
Earnings per share:
Basic (in dollars per share)	$0.19	$0.09
Diluted (in dollars per share)	$0.09	$0.09

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net income	$1,655	$808
Other comprehensive (loss)/income before tax
Foreign currency translation adjustments	-385	6
Decrease in value of interest rate swap liability	0	13
Other comprehensive (loss)/income before tax	-385	19
Income tax related to components of other comprehensive (loss)/income	0	-5
Other comprehensive (loss)/income, net of tax	-385	14
Comprehensive income	$1,270	$822

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows - operating activities:
Net income	$1,655	$808
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	162	275
Change in value of derivative liability	-996	429
Amortization of convertible note discount	197	141
Imputed interest on vendor advance	-26	-55
Amortization of supply agreement	80	80
Deferred income taxes	9	2
Foreign exchange loss/(gain) and other	460	-2
Stock-based compensation	0	373
Changes in:
Trade accounts receivable	-19,269	-25,743
Inventories	4,409	22,124
Other current assets	4,959	769
Trade accounts payable	-11,217	-13,776
Income taxes payable	716	838
Accrued expenses and derivative liabilities	804	2,584
Net cash used in operating activities	-18,057	-11,153
Cash flows - investing activities:
Repayment related to supply agreement	833	833
Purchases of property and equipment	-116	-11
Net cash provided by investing activities	717	822
Cash flows - financing activities:
Proceeds from notes payable - banks	22,163	9,833
Repayments - mortgage payable	0	-44
Deferred financing costs	-13	0
Dividends paid	-449	-215
Treasury stock purchased	-741	-13
Net cash provided by financing activities	20,960	9,561
Net increase/(decrease) in cash	3,620	-770
Effect of exchange rate	-98	1
Cash at beginning of period	1,130	2,477
Cash at end of the period	4,652	1,708
Supplemental disclosures of cash flow information:
Interest	1,310	1,509
Income taxes	614	241
Non cash financing activities:
Dividend declared but not yet paid	$218	$217

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, 2014	$48,811	$117	$13,678	$40,805	($334)	($5,455)
Balance (in shares) at Dec. 31, 2014		11,750
Treasury stock acquired	-741					-741
Net change in cumulative translation adjustment	-385				-385
Dividends declared ($0.025 per share)	-218			-218
Net income	1,655			1,655
Balance at Mar. 31, 2015	$49,122	$117	$13,678	$42,242	($719)	($6,196)
Balance (in shares) at Mar. 31, 2015		11,750

Condensed_Consolidated_Stateme4

Condensed Consolidated Statement of Stockholders' Equity [Parenthetical] (USD $)	Mar. 31, 2015
Dividends declared	$0.03

The_Company

The Company	3 Months Ended
	Mar. 31, 2015
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, Empire Resources Pacific Ltd., the Company’s sales agent in Australia, 6900 Quad Avenue LLC, the owner of a warehouse facility in Baltimore, Maryland, Imbali Metals BVBA (“Imbali”), the Company’s operating subsidiary in Europe and Empire Resources de Mexico, the Company’s 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.

Newly_Effective_Accounting_Pro

Newly Effective Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	2. Newly Effective Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (FASB) issued new accounting guidance, Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers, on revenue recognition. The new standard provides for a single five-step model to be applied to all revenue contracts with customers as well as requires additional financial statement disclosures that will enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. Companies have an option to use either a retrospective approach or cumulative effect adjustment approach to implement the standard. There is no option for early adoption. For public entities, this ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2016. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued accounting guidance, Accounting Standards Update (“ASU”) No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. The guidance requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, consistent with the presentation of debt discounts. The guidance will be effective for fiscal years beginning after December 15, 2015. The Company does not believe that the new standard will have a material impact on its consolidated financial statements.

Interim_Financial_Statements

Interim Financial Statements	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Condensed Financial Statements [Text Block]	3. 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, 2014.
	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 March 31, 2015 and the results of its operations and cash flows for the three months ended March 31, 2015 and 2014. Interim results may not be indicative of the results that may be expected for the year.

Use_of_Estimates

Use of Estimates	3 Months Ended
	Mar. 31, 2015
Use Of Estimates [Abstract]
Use Of Estimates [Text Block]	4. 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	3 Months Ended
	Mar. 31, 2015
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	5. Concentrations
	During the three month periods ended March 31, 2015 and 2014 no one customer accounted for 10% or more of the Company’s consolidated sales.
	The Company purchases metal products from a limited number of suppliers throughout the world. Two suppliers, PT Alumindo Light Metal Industry Tbk (“PT. Alumindo”) and Southeast Aluminum accounted for an aggregate of 37% of total purchases during the three month period ended March 31, 2015. For the period ended March 31, 2014, two suppliers, PT Alumindo and Hulamin Ltd. accounted for an aggregate of 40% of total purchases.
	The loss of any one of the Company’s largest suppliers or a material default by any such supplier in its obligations to the Company could have a material adverse effect on our business.

Stock_Options

Stock Options	3 Months Ended
	Mar. 31, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	6. 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 March 31, 2015, there were outstanding employee stock options to acquire 400 shares of common stock, which had vested in prior years. During the three month period ended March 31, 2015, the Company did not grant any stock options.

Treasury_Stock

Treasury Stock	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Treasury Stock [Text Block]	7. 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 March 31, 2015, the Company repurchased a total of 1,502 shares under the repurchase program for an aggregate cost of $4,379. During the three month periods ended March 31, 2015 and 2014, the Company purchased 164 and  3 common shares at a cost of $741 and $13, respectively.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	8. 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	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	9. Notes Payable—Banks
	Prior to June 19, 2014, the Company was a party to a 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 the Company 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 provided for amounts up to $150,000, and the uncommitted facility provided for a maximum amount of $75,000. The agreement also allowed for an additional increase in the committed credit facility of $75,000, for a total of $300,000, subject to certain restrictions and conditions. On December 18, 2014, these credit lines were amended and increased by $50,000 increasing the overall line of credit to $275,000. The amended committed credit agreement increased by $35,000 to $185,000, and the uncommitted credit facility, increased by $15,000 to $90,000. There were no changes to the interest rate or to the maturity date of the committed facility, which remains June 19, 2017. Subsequent to these amendments the additional aggregate increase available under the term of these agreements is $25,000, subject to certain restrictions and conditions. Borrowings under these lines of credit are secured by substantially all of the Company’s 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 March 31, 2015, the Company was in compliance with all covenants under the credit agreements.
	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, 2017 and the uncommitted credit agreement must be repaid by the Company on or before June 19, 2015 unless otherwise agreed to. As of March 31, 2015, the committed line of credit had loans outstanding of $156,800 and the uncommitted line of credit had loans outstanding of $58,500. As of March 31, 2015 and December 31, 2014, the credit utilized amounted to, respectively, $255,847 and $229,386 (including approximately $40,547 and $36,586 of outstanding letters of credit).
	The Company’s wholly owned Belgian subsidiary, Imbali, maintains a line of credit with ING Belgium S.A./N.V., for a EUR 8,000 (US$8,588) 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 March 31, 2015, the outstanding loan amounted to EUR 6,550 (US $7,031), as compared to EUR 6,850 (US $8,288) on December 31, 2014. As of March 31, 2015 Imbali was in compliance with all financial covenants.

Convertible_Subordinated_Debt

Convertible Subordinated Debt	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015, the notes are convertible at the option of the holders into shares of common stock at a conversion rate of 259.09 shares of common stock per $1 principal amount of notes (equivalent to a conversion price of $3.86 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 sixteen 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 March 31, 2015, 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.
	On August 18, 2014, a note holder converted $1,000 principal amount of notes into 254 shares of common stock, having a fair value on such date of $1,507. The carrying value of the note converted was $916, and the carrying value of the related embedded conversion option was $427 resulting in a loss on extinguishment of the debt of $164.
	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 month periods ended March 31, 2015, and 2014, the change in the fair value of the derivative liability resulted in a gain of $996 and a loss of $429, respectively. Amortization of the discount amounted to $197 for the three month periods end March 31, 2015, and $141 for the three month period ended March 31, 2014.
	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 March 31, 2015, December 31, 2014 and issuance:
		March 31, 2015			December 31, 2014			June 3, 2011
	Equity value	$	37,092		$	41,738		$	36,811
	Volatility		30	%		35	%		70	%
	Risk free return		0.26	%		0.67	%		1.6	%
	Dividend yield		2.36	%		2.15	%		2.51	%
	Strike price	$	3.86		$	3.88		$	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, a leading producer of high quality semi-finished aluminum products, and its affiliates, as described below.  The Company provided a $10,000 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 May 15, 2015 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 month period ended March 31, 2015 and 2014 amortization amounted to $80 in each three month period.

Earnings_per_Share

Earnings per Share	3 Months Ended
	Mar. 31, 2015
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 March 31,
		2015		2014
	Numerator:
	Net income	$	1,655	$	808
	Add back of interest on convertible subordinated debt, net of taxes		170		-
	Add back of amortization of discount on convertible subordinated debt		122		-
	Adjustment for change in value of convertible note derivative		-921		-
	Numerator for diluted earnings per share	$	1,026	$	808
	Denominator:
	Weighted average shares outstanding-basic		8,807		8,629
	Dilutive effect of convertible subordinated debt		2,850
	Dilutive effect of stock options		267		257
	Weighted average shares outstanding-diluted		11,924		8,886
	Basic Earnings per Share	$	0.19	$	0.09
	Diluted Earnings per Share	$	0.09	$	0.09
	In computing diluted earnings per share for the three months ended March 31, 2014 no effect has been given to the 3,026 common shares issuable upon conversion of subordinated debt as the effect thereof is anti-dilutive.

Dividends

Dividends	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Dividend Disclosure [Text Block]	12. Dividends
	On March 19, 2015, the Company announced a cash dividend of $0.025 per share to stockholders of record at the close of business on April 3, 2015. The dividend, totaling $218, was paid on April 13, 2015. The Board of Directors will review its dividend policy on a quarterly basis, and make a determination regarding future dividends subject to the profitability and free cash flow and the other requirements of the business.

Derivative_Financial_Instrumen

Derivative Financial Instruments and Risk Management	3 Months Ended
	Mar. 31, 2015
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				March 31,			December 31,
	as fair value hedges		Balance Sheet Location		2015			2014
	Asset derivatives:
	Aluminum futures contracts		Other current assets		$	4,620			9,769
	Foreign currency forward contracts		Other current assets			403			1,337
	Total				$	5,023		$	11,106
	For the periods ended March 31, 2015 and December 31, 2014, hedge ineffectiveness associated with derivatives designated as fair value hedges was insignificant, and no fair value hedges were derecognized.
	The table below summarizes the realized gains or (losses) of the Company’s derivative instruments and their location in the income statement:
						Three Months Ended
	Derivatives in hedging			Location of Gain or		March  31,
	relationships			(Loss) Recognized		2015			2014
	Foreign currency forward contracts		(a)	Cost of goods sold		$	674		$	27
	Interest rate swaps		(b)	Interest expense, net			-			-14
	Aluminum futures		(c)	Cost of goods sold			4,260			1,644
	Total					$	4,934		$	1,657
		a)	Fair value hedge: the related hedged item is accounts receivable and offsetting losses in the three months March 31, 2015 and 2014 are included in cost of goods sold in the same respective amounts.
		b)	Cash flow hedge: recognized loss is reclassified from accumulated other comprehensive loss.
		c)	Fair value hedge: the related hedged item is inventory and offsetting losses in 2015 and 2014 are included in cost of goods sold in the same respective amounts.

Fair_Value

Fair Value

3 Months Ended

Mar. 31, 2015

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 March 31, 2015 and December 31, 2014 are classified as follows:

March  31, 2015

December 31, 2014

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

Assets:

Inventories

$

168,189

$

165,586

Aluminum futures contracts

$

4,620

9,769

Foreign currency forward contracts

$

403

1,337

Liabilities:

Embedded conversion option

$

1,738

$

2,734

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015 and December 31, 2014, because these notes reflect market changes to interest rates. The fair value of the subordinated convertible debt approximates its principal amount of $11,000 at March 31, 2015 and December 31, 2014, 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 13).

Business_Segment_and_Geographi

Business Segment and Geographic Area Information	3 Months Ended
	Mar. 31, 2015
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 March 31,
		2015		2014
	United States	$	117,912	$	74,968
	Latin America		13,206		33,171
	Canada		13,960		11,696
	Australia & New Zealand		12,609		10,913
	Europe		10,566		7,569
		$	168,253	$	138,317

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income/(Loss)	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015	Foreign		Interest Rate			Total
		Currency		Swap
		Translation		Contract
	Beginning balance	$	-334				$	-334
	Other comprehensive (loss) before reclassification		-385		-			-385
	Loss reclassified to operations		-					-
	Net current period other comprehensive loss		-385		-			-385
	Ending balance	$	-719	$	-		$	-719
	Three Months ended March  31, 2014	Foreign		Interest Rate			Total
		Currency		Swap
		Translation		Contract
	Beginning balance	$	84	$	-33		$	51
	Other comprehensive income before reclassification		6					6
	Loss reclassified to operations		-		8	(a)		8
	Net current period other comprehensive income		6		8			14
	Ending balance	$	90	$	-25		$	65
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	13
	Income taxes				-5
	Net of tax			$	8

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	18. Income Taxes
	The disproportionate relationship between income taxes and pre-tax income for the three month period ended March 31, 2014 is primarily attributable to no tax benefit being recognized for the loss from change in value of the derivative liability, as such loss will not be deductible for income tax purposes.

Commitments

Commitments	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	19. Commitments
	The Company had $40,547 in outstanding letters of credit to certain of its suppliers at March 31, 2015 and $36,586 at December 31, 2014.

Restatement

Restatement	3 Months Ended
	Mar. 31, 2015
Restatement [Abstract]
Restatement [Text Block]	20. Restatement
	Net income for the three months ended March 31, 2014 has been decreased by $218 ($0.03 per share basic and diluted) from the previously reported $1,026. The adjustment reflects that the loss arising from the change in value of the derivative liability for the quarter is not recognized for income tax purposes.
	Adjusted amounts after restatement are as follows:
		Three months ended
		March 31, 2014
	Net income as previously reported	$	1,026
	Adjustment	$	-218
	Net income as restated	$	808
	Earning per share as restated:
	Basic	$	0.09
	Diluted	$	0.09

Convertible_Subordinated_Debt_

Convertible Subordinated Debt (Tables)	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015, December 31, 2014 and issuance:
		March 31, 2015			December 31, 2014			June 3, 2011
	Equity value	$	37,092		$	41,738		$	36,811
	Volatility		30	%		35	%		70	%
	Risk free return		0.26	%		0.67	%		1.6	%
	Dividend yield		2.36	%		2.15	%		2.51	%
	Strike price	$	3.86		$	3.88		$	4.65

Earnings_per_Share_Tables

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2015
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 March 31,
		2015		2014
	Numerator:
	Net income	$	1,655	$	808
	Add back of interest on convertible subordinated debt, net of taxes		170		-
	Add back of amortization of discount on convertible subordinated debt		122		-
	Adjustment for change in value of convertible note derivative		-921		-
	Numerator for diluted earnings per share	$	1,026	$	808
	Denominator:
	Weighted average shares outstanding-basic		8,807		8,629
	Dilutive effect of convertible subordinated debt		2,850
	Dilutive effect of stock options		267		257
	Weighted average shares outstanding-diluted		11,924		8,886
	Basic Earnings per Share	$	0.19	$	0.09
	Diluted Earnings per Share	$	0.09	$	0.09

Derivative_Financial_Instrumen1

Derivative Financial Instruments and Risk Management (Tables)	3 Months Ended
	Mar. 31, 2015
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				March 31,			December 31,
	as fair value hedges		Balance Sheet Location		2015			2014
	Asset derivatives:
	Aluminum futures contracts		Other current assets		$	4,620			9,769
	Foreign currency forward contracts		Other current assets			403			1,337
	Total				$	5,023		$	11,106
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:
						Three Months Ended
	Derivatives in hedging			Location of Gain or		March  31,
	relationships			(Loss) Recognized		2015			2014
	Foreign currency forward contracts		(a)	Cost of goods sold		$	674		$	27
	Interest rate swaps		(b)	Interest expense, net			-			-14
	Aluminum futures		(c)	Cost of goods sold			4,260			1,644
	Total					$	4,934		$	1,657
		a)	Fair value hedge: the related hedged item is accounts receivable and offsetting losses in the three months March 31, 2015 and 2014 are included in cost of goods sold in the same respective amounts.
		b)	Cash flow hedge: recognized loss is reclassified from accumulated other comprehensive loss.
		c)	Fair value hedge: the related hedged item is inventory and offsetting losses in 2015 and 2014 are included in cost of goods sold in the same respective amounts.

Fair_Value_Tables

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Major categories of assets and liabilities measured at fair value at March 31, 2015 and December 31, 2014 are classified as follows:
		March  31, 2015					December 31, 2014
		Level 1		Level 2	Level 3		Level 1		Level 2	Level 3
	Assets:
	Inventories	$	168,189				$	165,586
	Aluminum futures contracts	$	4,620					9,769
	Foreign currency forward contracts	$	403					1,337
	Liabilities:
	Embedded conversion option				$	1,738				$	2,734

Business_Segment_and_Geographi1

Business Segment and Geographic Area Information (Tables)	3 Months Ended
	Mar. 31, 2015
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 March 31,
		2015		2014
	United States	$	117,912	$	74,968
	Latin America		13,206		33,171
	Canada		13,960		11,696
	Australia & New Zealand		12,609		10,913
	Europe		10,566		7,569
		$	168,253	$	138,317

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income/(Loss) (Tables)	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015	Foreign		Interest Rate			Total
		Currency		Swap
		Translation		Contract
	Beginning balance	$	-334				$	-334
	Other comprehensive (loss) before reclassification		-385		-			-385
	Loss reclassified to operations		-					-
	Net current period other comprehensive loss		-385		-			-385
	Ending balance	$	-719	$	-		$	-719
	Three Months ended March  31, 2014	Foreign		Interest Rate			Total
		Currency		Swap
		Translation		Contract
	Beginning balance	$	84	$	-33		$	51
	Other comprehensive income before reclassification		6					6
	Loss reclassified to operations		-		8	(a)		8
	Net current period other comprehensive income		6		8			14
	Ending balance	$	90	$	-25		$	65
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	13
	Income taxes				-5
	Net of tax			$	8

Restatement_Tables

Restatement (Tables)	3 Months Ended
	Mar. 31, 2015
Restatement [Abstract]
Restatement to Prior Year Income [Table Text Block]	Adjusted amounts after restatement are as follows:
		Three months ended
		March 31, 2014
	Net income as previously reported	$	1,026
	Adjustment	$	-218
	Net income as restated	$	808
	Earning per share as restated:
	Basic	$	0.09
	Diluted	$	0.09

Concentrations_Details_Textual

Concentrations (Details Textual)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Sales Revenue, Goods, Net [Member]
Concentration Risk, Percentage	10.00%	10.00%
Cost Of Goods, Total [Member]
Concentration Risk, Percentage	37.00%	40.00%

Stock_Options_Details_Textual

Stock Options (Details Textual)	Mar. 31, 2015
In Thousands, unless otherwise specified
Stock Option [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	400

Treasury_Stock_Details_Textual

Treasury Stock (Details Textual) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 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	$741
Repurchase One [Member]
Equity, Class of Treasury Stock [Line Items]
Treasury stock acquired	4,379
Treasury Stock Shares Acquired Cost Method	1,502
Repurchase Two [Member]
Equity, Class of Treasury Stock [Line Items]
Treasury stock acquired	$741	$13
Treasury Stock Shares Acquired Cost Method	164	3

Notes_Payable_Banks_Details_Te

Notes Payable - Banks (Details Textual)	1 Months Ended	3 Months Ended									1 Months Ended
In Thousands, unless otherwise specified	Dec. 18, 2014	Mar. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2014	Jun. 19, 2014	Mar. 31, 2015	Dec. 18, 2014	Mar. 31, 2015	Dec. 18, 2014	Jun. 19, 2014
	USD ($)	USD ($)	EUR (€)	USD ($)	EUR (€)	USD ($)	Committed Facility [Member]	Committed Facility [Member]	Uncommitted Facility [Member]	Uncommitted Facility [Member]	Rabobank International [Member]
							USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Line of Credit Facility [Line Items]
Line of Credit Facility, Amount Outstanding	$275,000	$40,547		$36,586		$200,000	$156,800		$58,500		$300,000
Line of Credit Facility, Maximum Borrowing Capacity								185,000		90,000	150,000
Line of Credit Facility, Remaining Borrowing Capacity		25,000									75,000
Excess Capital	50,000
Line of Credit Facility, Current Borrowing Capacity		255,847		229,386				35,000		15,000
Line of Credit Facility, Expiration Date	19-Jun-17
Line of Credit Facility, Commitment Fee Amount		8,588	8,000
Line of Credit Facility, Fair Value of Amount Outstanding		7,031	6,550	8,288	6,850
Line Of Credit Facility, Interest Rate, Variable Rate Basis		EURIBOR plus 1.75%	EURIBOR plus 1.75%
Line of Credit Facility, Increase (Decrease), Other, Net											$75,000

Convertible_Subordinated_Debt_1

Convertible Subordinated Debt (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Jun. 03, 2011
Convertible Subordinated Debt [Line Items]
Equity value	$37,092	$41,738	$36,811
Volatility	30.00%	35.00%	70.00%
Risk free return	0.26%	0.67%	1.60%
Dividend yield	2.36%	2.15%	2.51%
Strike price	$3.86	$3.88	$4.65

Convertible_Subordinated_Debt_2

Convertible Subordinated Debt (Details Textual) (USD $)	1 Months Ended	3 Months Ended		12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Aug. 18, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 03, 2011
Debt Instrument [Line Items]
Debt Instrument, Convertible, Conversion Price		$3.86
Convertible Subordinated Debt		$4,000
Unrealized Gain (Loss) on Derivatives		996	429
Accounts Payable, Interest-bearing		962
Related Party Loan Monthly Installment Upon Disagreement		197	141
Related Party Loan Effective Interest Rate Upon Disagreement		3.50%
Related Party Loan Interest Rate Basis Upon Disagreement		3.74%
Amortization Of Intangible Assets		80	80
Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments	1,507
Debt Instrument, Convertible, Carrying Amount of Equity Component	916
Gains (Losses) on Extinguishment of Debt	164
Embedded Derivative Financial Instruments [Member]
Debt Instrument [Line Items]
Debt Instrument, Convertible, Carrying Amount of Equity Component	427
Common Stock [Member]
Debt Instrument [Line Items]
Convertible Subordinated Debt	1,000
Pt Alumindo [Member]
Debt Instrument [Line Items]
Due from Affiliates		10,000
Convertible Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period				10.00%
Debt Instrument, Convertible, Conversion Ratio	254	259.09
Debt Instrument, Convertible, Conversion Price		$7
Derivative Liability, Fair Value, Amount Not Offset Against Collateral, Total		2,829
Amortization Of Intangible Assets				12,000
Debt Instrument, Maturity Date		1-Jan-16
Supply Agreement With Pt. Alumindo [Member]
Debt Instrument [Line Items]
Related Party Loan Monthly Installment		278
Related Party Loan Monthly Installment Upon Disagreement		$556

Earnings_per_Share_Details

Earnings per Share (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Numerator:
Net income	$1,655	$808
Add back of interest on convertible subordinated debt, net of taxes	170	0
Add back of amortization of discount on convertible subordinated debt	122	0
Adjustment for change in value of convertible note derivative, net of taxes	-921	0
Numerator for diluted earnings per share	$1,026	$808
Denominator:
Weighted average shares outstanding-basic (in shares)	8,807	8,629
Dilutive effect of convertible subordinated debt (in shares)	2,850
Dilutive effect of stock options (in shares)	267	257
Weighted average shares outstanding-diluted (in shares)	11,924	8,886
Basic Earnings per Share (in dollars per share)	$0.19	$0.09
Diluted Earnings per Share (in dollars per share)	$0.09	$0.09

Earnings_per_Share_Details_Tex

Earnings per Share (Details Textual) (Subordinated Debt [Member])	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Subordinated Debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,026

Dividends_Details_Textual

Dividends (Details Textual) (USD $)	1 Months Ended	3 Months Ended		0 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 19, 2015	Mar. 31, 2015	Mar. 31, 2014	Apr. 13, 2015
Dividends Payable [Line Items]
Common Stock, Dividends, Per Share, Cash Paid	$0.03
Payments of Dividends, Total		$449	$215
Subsequent Event [Member]
Dividends Payable [Line Items]
Payments of Dividends, Total				$218

Derivative_Financial_Instrumen2

Derivative Financial Instruments and Risk Management (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value Hedge Assets	$5,023	$11,106
Other current assets Member] | Foreign currency forward contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value Hedge Assets	403	1,337
Other current assets Member] | Aluminum futures contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value Hedge Assets	$4,620	$9,769

Derivative_Financial_Instrumen3

Derivative Financial Instruments and Risk Management (Details 1) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net, Total	$4,934		$1,657
Foreign currency forward contracts [Member] | Cost of goods sold [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net, Total	674	[1]	27	[1]
Interest rate swaps [Member] | Interest expense, net [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net, Total	0	[2]	-14	[2]
Aluminum futures [Member] | Cost of goods sold [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net, Total	$4,260	[3]	$1,644	[3]
[1]	Fair value hedge: the related hedged item is accounts receivable and offsetting losses in the three months March 31, 2015 and 2014 are included in cost of goods sold in the same respective amounts.
[2]	Cash flow hedge: recognized loss is reclassified from accumulated other comprehensive loss.
[3]	Fair value hedge: the related hedged item is inventory and offsetting losses in 2015 and 2014 are included in cost of goods sold in the same respective amounts.

Fair_Value_Details

Fair Value (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Inputs, Level 1 [Member] | Inventories [Member]
Assets:
Assets, Fair Value Disclosure	$168,189	$165,586
Fair Value, Inputs, Level 1 [Member] | Aluminum futures contracts [Member]
Assets:
Assets, Fair Value Disclosure	4,620	9,769
Fair Value, Inputs, Level 1 [Member] | Foreign Currency Future Contracts [Member]
Assets:
Assets, Fair Value Disclosure	403	1,337
Fair Value, Inputs, Level 2 [Member] | Inventories [Member]
Assets:
Assets, Fair Value Disclosure	0
Fair Value, Inputs, Level 2 [Member] | Aluminum futures contracts [Member]
Assets:
Assets, Fair Value Disclosure	0
Fair Value, Inputs, Level 2 [Member] | Foreign Currency Future Contracts [Member]
Assets:
Assets, Fair Value Disclosure	0
Fair Value, Inputs, Level 3 [Member] | Embedded conversion option [Member]
Liabilities:
Liabilities, Fair Value Disclosure	$1,738	$2,734

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Details Textual) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value of Financial Instruments [Line Items]
Debt Instrument, Fair Value Disclosure	$11,000	$11,000

Business_Segment_and_Geographi2

Business Segment and Geographic Area Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting Information [Line Items]
Other Revenue, Net	$168,253	$138,317
United States [Member]
Segment Reporting Information [Line Items]
Other Revenue, Net	117,912	74,968
Latin America [Member]
Segment Reporting Information [Line Items]
Other Revenue, Net	13,206	33,171
Canada [Member]
Segment Reporting Information [Line Items]
Other Revenue, Net	13,960	11,696
Australia & New Zealand [Member]
Segment Reporting Information [Line Items]
Other Revenue, Net	12,609	10,913
Europe [Member]
Segment Reporting Information [Line Items]
Other Revenue, Net	$10,566	$7,569

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income/(Loss) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, Foreign currency translation	($334)		$84
Other comprehensive (loss) before reclassification, Foreign Currency Translation	-385		6
Loss reclassified to operations, Foreign Currency Translation	0		0
Net current period other comprehensive income (loss), Foreign Currency Translation	-385		6
Ending balance, Foreign Currency Translation	-719		90
Beginning balance, Interest Rate Swap Contract	0		-33
Other comprehensive (loss) before reclassification, Interest Rate Swap Contract	0
Loss reclassified to operations, Interest Rate Swap Contract		[1]	8	[2]
Net current period other comprehensive income (loss), Interest Rate Swap Contract	0		8
Ending balance, Interest Rate SwapContract	0		-25
Beginning balance	-334		51
Other comprehensive (loss) before reclassification	-385		6
Loss reclassified to operations	0		8
Net current period other comprehensive loss	-385		14
Ending balance	($719)		$65
[1]	Reclassified to following line items in the statement of income: Interest expense, net $ 14 Income taxes (5) Net of tax $ 9
[2]	Reclassified to following line items in the statement of income: Interest expense, net $ 13 Income taxes (5) Net of tax $ 8

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Income/(Loss) (Details 1) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
(a) Reclassified to following line items in the statement of income:
Income taxes	$944	$860
Net of tax	0	8
Interest Rate Swap [Member]
(a) Reclassified to following line items in the statement of income:
Interest expense, net		13
Income taxes		-5
Net of tax		$8

Commitments_Details_Textual

Commitments (Details Textual) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies [Line Items]
Letters of Credit Outstanding, Amount	$40,547	$36,586

Restatement_Details

Restatement (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net income	$1,655	$808
Earning per share as restated:
Basic (in per shares)		$0.09
Diluted (in per share)		$0.09
Scenario, Previously Reported [Member]
Net income		1,026
Scenario, Adjustment [Member]
Net income		($218)

Restatement_Details_Textual

Restatement (Details Textual) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Impact Of Restatement On Earnings Per share Basic And Diluted		$0.03
Net Income (Loss) Attributable To Parent	$1,655	$808
Scenario, Adjustment [Member]
Net Income (Loss) Attributable To Parent		-218
Scenario, Previously Reported [Member]
Net Income (Loss) Attributable To Parent		$1,026