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Note 8 - Fair Value of Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2015
Notes Tables |
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, 2015 |
(in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Embedded customer derivatives |  | $ | - |  |  | $ | 384 |  |  | $ | - |  |  | $ | 384 |
Total assets at fair value |  | $ | - |  |  | $ | 384 |  |  | $ | - |  |  | $ | 384 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metals swaps |  | $ | - |  |  | $ | 384 |  |  | $ | - |  |  | $ | 384 |
Interest rate swap (CTI) |  |  | - |  |  |  | 102 |  |  |  | - |  |  |  | 102 |
Fixed interest rate swap (ABL) |  |  | - |  |  |  | 114 |  |  |  | - |  |  |  | 114 |
Total liabilities recorded at fair value |  | $ | - |  |  | $ | 600 |  |  | $ | - |  |  | $ | 600 |
|  | 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 |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | Value of Items Not Recorded at Fair Value |
|  | As of December 31, 2015 |
(in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IRB |  | $ | 2,690 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,690 |
ABL Credit Facility |  |  | - |  |  |  | 145,800 |  |  |  | - |  |  |  | 145,800 |
Total liabilities not recorded at fair value |  | $ | 2,690 |  |  | $ | 145,800 |  |  | $ | - |  |  | $ | 148,490 |
|  | 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 |
Fair Value Measurements, Nonrecurring [Table Text Block] |
Assets Measured at Fair Value on a Nonrecurring Basis
(in thousands) |  | 12/31/15 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total Gain / (Loss) |
Goodwill (tubular and pipe products segment) |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (16,451 | )
Goodwill (specialty metals flat products segment) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (500 | )
Trade name (tubular and pipe products segment) |  |  | 15,425 |  |  |  | - |  |  |  | - |  |  |  | 15,425 |  |  |  | (8,000 | )
Total |  | $ | 15,425 |  |  | $ | - |  |  | $ | - |  |  | $ | 15,425 |  |  | $ | (24,951 | )

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
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- Definition 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). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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