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Note 9 - Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		Value of Items Recorded at Fair Value
		As of December 31, 2014
(in thousands)		Level 1				Level 2				Level 3				Total
Assets:
Embedded customer derivatives		$	-			$	487			$	-			$	487
Total assets at fair value		$	-			$	487			$	-			$	487
Liabilities:
Metals swaps		$	-			$	487			$	-			$	487
Interest rate swap (CTI)			-				178				-				178
Fixed interest rate swap (ABL)			-				386				-				386
Total liabilities recorded at fair value		$	-			$	1,051			$	-			$	1,051

		Value of Items Recorded at Fair Value
		As of December 31, 2013
(in thousands)		Level 1				Level 2				Level 3				Total
Assets:
Embedded customer derivatives		$	-			$	614			$	-			$	614
Total assets at fair value		$	-			$	614			$	-			$	614
Liabilities:
Metals swaps		$	-			$	614			$	-			$	614
Interest rate swap (CTI)			-				279				-				279
Fixed interest rate swap (ABL)			-				710				-				710
Total liabilities recorded at fair value		$	-			$	1,603			$	-			$	1,603

Fair Value, by Balance Sheet Grouping [Table Text Block]

		Value of Items Not Recorded at Fair Value
		As of December 31, 2014
(in thousands)		Level 1				Level 2				Level 3				Total
Liabilities:
IRB		$	3,530			$	-			$	-			$	3,530
ABL Credit Facility			-				244,090				-				244,090
Total liabilities not recorded at fair value		$	3,530			$	244,090			$	-			$	247,620

		Value of Items Not Recorded at Fair Value
		As of December 31, 2013
(in thousands)		Level 1				Level 2				Level 3				Total
Liabilities:
IRB		$	4,340			$	-			$	-			$	4,340
Term loan			-				48,854				-				48,854
ABL Credit Facility			-				146,075				-				146,075
Total liabilities not recorded at fair value		$	4,340			$	194,929			$	-			$	199,269

Fair Value Measurements, Nonrecurring [Table Text Block]

		Assets Measured at Fair Value on a Nonreccuring Basis
																		Total Gain/
		12/31/2014				Level 1				Level 2				Level 3				(Loss)
Goodwill (tubular and pipe products segment)		$	16,451			$	-			$	-			$	16,451			$	(23,836	)
Total		$	16,451			$	-			$	-			$	16,451			$	(23,836	)

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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