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Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balances (in shares) at Dec. 31, 2016 9,601,011        
Beginning balance at Dec. 31, 2016 $ 96 $ 118,680 $ 91,920 $ (1,483) $ 209,213
Net income (loss) (10,163) (10,163)
Pension liability adjustment 57 57
Unrealized gain (loss) on cash flow hedges, net of tax expense/benefit (19) (19)
Issuance of common stock under stock compensation plans (in shares) 18,744        
Issuance of common stock under stock compensation plans (24) (24)
Share-based compensation expense 1,200 1,200
Balances (in shares) at Dec. 31, 2017 9,619,755        
Ending balance at Dec. 31, 2017 $ 96 119,856 81,757 (1,445) 200,264
Net income (loss) 20,312 20,312 [1]
Pension liability adjustment (115) (115)
Unrealized gain (loss) on cash flow hedges, net of tax expense/benefit 24 24
Issuance of common stock under stock compensation plans (in shares) 115,300        
Issuance of common stock under stock compensation plans $ 1 (1,302) (1,301)
Share-based compensation expense 281 281
Cumulative-effect adjustment at Dec. 31, 2017 (875) (875)
Balances (in shares) at Dec. 31, 2018 9,735,055        
Ending balance at Dec. 31, 2018 $ 97 118,835 101,194 (1,536) 218,590
Net income (loss) 27,902 27,902 [2]
Pension liability adjustment 16 16
Unrealized gain (loss) on cash flow hedges, net of tax expense/benefit (59) (59)
Issuance of common stock under stock compensation plans (in shares) 11,924        
Issuance of common stock under stock compensation plans
Share-based compensation expense 1,709 1,709
Cumulative-effect adjustment at Dec. 31, 2018 235 (235)
Balances (in shares) at Dec. 31, 2019 9,746,979        
Ending balance at Dec. 31, 2019 $ 97 $ 120,544 $ 129,331 $ (1,814) $ 248,158
[1] Net income for the third quarter of 2018 includes a preliminary bargain purchase gain of $21.9 million. Net income for the fourth quarter of 2018 includes a measurement period adjustment of $1.8 million to decrease the bargain purchase gain.
[2] Net income for the third quarter of 2019 includes $2.3 million of proceeds related to a legal settlement involving certain pipe produced at the Company's former Houston, Texas and Bossier City, Louisiana facilities and gain on insurance proceeds of $0.4 million resulting from the fire at the Company's Saginaw, Texas facility. Net income for the fourth quarter of 2019 includes gain on insurance proceeds of $1.2 million resulting from the fire at the Company's Saginaw, Texas facility.