SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2012

21.

SEGMENT INFORMATION

Since the acquisition of AGY Asia on June 10, 2009, the Company has two reportable segments, each a separate operating segment. The AGY US segment includes the US manufacturing operations and its sale of advanced glass fibers that are used worldwide as reinforcing materials in numerous high-value applications and end-markets through AGY Holding Corp., its wholly owned domestic and French subsidiaries. The AGY Asia segment includes the manufacturing operations of the Company’s 70% controlling ownership of AGY Hong Kong Limited and its sale of advanced glass fibers that are used primarily in the Asian electronics markets. The Company’s operating segments are managed separately based on differences in their manufacturing and technology capabilities, products and services and their end-markets as well as their distinct financing agreements. The financial results for the Company’s operating segments are prepared using a management approach, which is consistent with the basis and manner in which the Company internally segregates financial information for the purpose of making internal operating decisions. The Company evaluates the performance of its operating segments based on operating profit. Corporate and certain other expenses are not allocated to the operating segments, except to the extent that the expense can be directly attributable to the operating segment.


Twelve Months Ended December 31, 2012	AGY US		AGY Asia			Corporate and Other (1)			Total

Total net sales	$	146,096	$	27,151		$	(508	)	$	172,739
Income (loss) from operations (1)		1,845		(13,368	)		(9,662	)		(21,185	)
Depreciation and amortization		9,377		1,657			—			11,034
Alloy metals depletion, net		6,819		482			—			7,301
Property, plant and equipment, and alloy metals, net		102,637		34,363			—			137,000
Carrying amount of intangible assets		16,328		—			—			16,328
Total assets		163,576		46,504			—			210,080

(1)

Operating loss for the year ended December 31, 2012 within the corporate and other segment includes $9,054 of restructuring expense (discussed in Note 7), stock compensation expense, and the management fees payable to the Company’s sponsor offset by a $272 gain recorded on the cashless exchange of precious metals.


Twelve Months Ended December 31, 2011	AGY US			AGY Asia			Corporate and Other (1)			Total

Total net sales	$	155,268		$	29,704		$	(1,319	)	$	183,653
Loss from operations (1)		(3,732	)		(38,250	)		(1,042	)		(43,024	)
Depreciation and amortization		10,435			6,021			—			16,456
Alloy metals depletion, net		6,724			586			—			7,310
Property, plant and equipment, and alloy metals, net		114,786			50,266			—			165,052
Carrying amount of intangible assets		17,185			—			—			17,185
Total assets		175,583			63,018			—			238,601

(1)

Operating loss for the year ended December 31, 2011 within the corporate and other segment includes $1,370 of restructuring expense (discussed in Note 7), stock compensation expense, and the management fees payable to the Company’s sponsor. These are partially offset by a $1,299 gain recorded on the sale of alloy metals.


Twelve Months Ended December 31, 2010	AGY US		AGY Asia		Corporate and Other (2)			Total

Total net sales	$	158,501	$	28,159	$	(2,986	)	$	183,674
Income (loss) from operations (1)		2,093		1,167		(1,587	)		1,673
Depreciation and amortization		10,012		5,523		4,114			19,649
Alloy metals depletion, net		7,633		470		—			8,103
Property, plant and equipment, and alloy metals, net		130,679		89,659		—			220,338
Carrying amount of intangible assets		17,953		—		—			17,953
Total assets		193,516		105,171		—			298,687

(1)

Operating loss for the year ended December 31, 2010 within the corporate and other segment includes primarily, $2,658 of restructuring expense and $4,114 of accelerated depreciation expense (discussed in Note 7), stock compensation expense, the management fees payable to the Company’s sponsor, a $331 loss recorded on the sale of assets. These are partially offset by a $6,276 gain from contract termination.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

AGY Holding Corp. 10-K