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Note 19 - Related Party Transactions | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
Related Party Transactions Disclosure [Text Block] |
19. | RELATED PARTY TRANSACTIONS:
In the second quarter of 2015, the Company engaged Raymond James & Associates, an affiliate of Eagle Asset Management, to provide investment banking services related to a possible disposition of the Company’s Tubular Products business. This contract was terminated in May 2016. Eagle Asset Management was a substantial stockholder of the Company (owning more than ten percent of the Company’s common stock) until September 30, 2015, when Eagle Asset Management reported that it then owned less than five percent of the Company’s common stock. A nominal amount of reimbursable expenses were incurred by Raymond James during 2015. During 2014, the Company paid $1.2 million to Raymond James & Associates for investment banking services related to the Company’s sale of its former OCTG business. Eagle Asset Management owned more than ten percent of the Company’s common stock at the time of the payment.

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