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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 268,255 $ 276,922 $ 800,212 $ 938,038
Costs and expenses        
Cost of materials sold (excludes items shown separately below) 211,037 218,172 616,545 753,949
Warehouse and processing 20,034 21,261 61,561 65,520
Administrative and general 16,003 15,943 48,054 49,287
Distribution 8,995 8,950 27,762 27,819
Selling 5,629 5,315 17,361 16,106
Occupancy 2,135 2,196 6,630 7,212
Depreciation 4,172 4,409 13,231 13,627
Amortization 223 223 667 667
Goodwill and intangible asset impairment [1] 24,451
Total costs and expenses 268,228 276,469 791,811 958,638
Operating income (loss) 27 453 8,401 (20,600)
Other income (loss), net 21 (84) (42) (141)
Income (loss) before interest and income taxes 48 369 8,359 (20,741)
Interest and other expense on debt 1,336 1,405 3,895 4,439
Income (loss) before income taxes (1,288) (1,036) 4,464 (25,180)
Income tax provision (benefit) 469 (438) 3,438 (3,391)
Net income (loss) (1,757) (598) 1,026 (21,789)
Gain/(loss) on cash flow hedge (278) (1,817)
Tax effect on cash flow hedge 107 699
Reclassification of loss included in net income, net of tax of $180 and $533 for the three and nine months ended September 30, 2015, respectively. 364 1,097
Total comprehensive income (loss) $ (1,757) $ (405) $ 1,026 $ (21,810)
Earnings per share:        
Net income (loss) per share - basic (in dollars per share) $ (0.16) $ (0.05) $ 0.09 $ (1.95)
Weighted average shares outstanding - basic (in shares) 11,219 11,203 11,206 11,200
Net income (loss) per share - diluted (in dollars per share) $ (0.16) $ (0.05) $ 0.09 $ (1.95)
Weighted average shares outstanding - diluted (in shares) 11,219 11,203 11,206 11,200
[1] The goodwill and intangible asset impairments relate to the Company's tubular and pipe products segment.