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Note 7 - Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

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 June 30, 2015
(in thousands)		Level 1				Level 2				Level 3				Total
Assets:
Metals swaps		$	-			$	1,020			$	-			$	1,020
Total assets at fair value		$	-			$	1,020			$	-			$	1,020
Liabilities:
Embedded customer derivative		$	-			$	1,020			$	-			$	1,020
Interest rate swap (CTI)			-				144				-				144
Fixed interest rate swap (ABL)			-				279				-				279
Total liabilities recorded at fair value		$	-			$	1,443			$	-			$	1,443

		Value of Items Recorded at Fair Value
		As of December 31, 2014
(in thousands)		Level 1				Level 2				Level 3				Total
Assets:
Embedded customer derivative		$	-			$	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

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

		Value of Items Not Recorded at Fair Value
		As of June 30, 2015
(in thousands)		Level 1				Level 2				Level 3				Total
Liabilities:
IRB		$	2,690			$	-			$	-			$	2,690
Revolver			-				209,395				-				209,395
Total liabilities not recorded at fair value		$	2,690			$	209,395			$	-			$	212,085

		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
Revolver			-				244,090				-				244,090
Total liabilities not recorded at fair value		$	3,530			$	244,090			$	-			$	247,620

Fair Value Measurements, Nonrecurring [Table Text Block]

Assets Measured at Fair Value on a Nonrecurring Basis
(in thousands)		6/30/2015				Level 1				Level 2				Level 3				Total Gain / (Loss)
Goodwill (tubular and pipe products segment)		$	-			$	-			$	-			$	-			$	(16,451	)
Trade name (tubular and pipe products segment)			15,425				-				-				15,425				(8,000	)
Total		$	15,425			$	-			$	-			$	15,425			$	(24,451	)

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).

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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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