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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 1,055,116 $ 1,175,543 $ 1,436,270
Costs and expenses      
Cost of materials sold (excludes items shown separately below) 820,040 942,214 1,160,310
Warehouse and processing 79,521 85,411 92,170
Administrative and general 63,054 64,987 72,219
Distribution 36,490 36,073 41,312
Selling 23,060 21,158 24,799
Occupancy 8,718 9,492 10,052
Depreciation 17,596 18,147 19,891
Amortization 889 889 889
Goodwill and intangible asset impairment [1] 24,951 23,836
Total costs and expenses 1,049,368 1,203,322 1,445,478
Operating income (loss) 5,748 [2] (27,779) [3] (9,208)
Other loss, net (55) (125) (126)
Income (loss) before interest and income taxes 5,693 (27,904) (9,334)
Interest and other expense on debt 5,273 5,690 6,780
Income (loss) before income taxes 420 (33,594) (16,114)
Income tax provision (benefit) 1,498 (6,817) 2,950
Net loss (1,078) (26,777) (19,064)
Gain (loss) on cash flow hedges 114 (1,816) 12
Tax effect of hedges (44) 699 (125)
Reclassification of loss included in net income, net of tax of $804 for 2015 1,596
Total comprehensive loss $ (1,008) $ (26,298) $ (19,177)
Net loss per share - basic (in dollars per share) $ (0.10) $ (2.39) $ (1.71)
Weighted average shares outstanding - basic (in shares) 11,210 11,192 11,120
Net loss per share - diluted (in dollars per share) $ (0.10) $ (2.39) $ (1.71)
Weighted average shares outstanding - diluted (in shares) 11,210 11,192 11,120
Dividends declared per share of common stock (in dollars per share) $ 0.08 $ 0.08 $ 0.08
[1] $24,451 of the goodwill and intangible asset impairment in 2015 related to the tubular and pipe products segment, $500 related to the specialty metals flat products segment. The goodwill impairment in 2014 related to the tubular and pipe products segment.
[2] Operating income (loss) includes $1,489 of LIFO income related to the Company's tubular and pipe products segment.
[3] Operating income (loss) includes $3,347 of LIFO income related to the Company's tubular and pipe products segment as well as a $16,451 goodwill impairment charge and a $8,000 intangible asset impairment charge recorded in the second quarter related to the Company's tubular and pipe products segment and a $500 goodwill impairment charge recorded in the fourth quarter related to the specialty metals flat products segment.