XML 41 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Schedule III - Supplemental Financial Information
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Quarterly Financial Information [Text Block]
SUPPLEMENTAL FINANCIAL INFORMATION
(in thousands, except per share data)
(unaudited)
 
 
201
7
  
1st quarte
r
    
2nd quarte
r
    
3rd quarte
r
    
4th quarte
r
    
Yea
r
  
Net sale
s
   $
334,893
     $
356,195
     $
331,442
     $
308,166
     $
1,330,696
  
Operating income (loss) (a
)
    
11,051
      
9,633
      
5,286
      
(1,984
 )    
23,986
  
Income (loss) before income taxe
s
    
9,399
      
7,817
      
3,298
      
(4,164
 )    
16,350
  
Net income (b
)
   $
7,699
     $
4,797
     $
2,280
     $
4,187
     $
18,963
  
Basic net income (loss) per shar
e
   $
0.68
     $
0.42
     $
0.20
     $
0.37
     $
1.67
  
Weighted average shares outstanding - basi
c
    
11,369
      
11,383
      
11,386
      
11,389
      
11,381
  
Diluted net income (loss) per shar
e
   $
0.68
     $
0.42
     $
0.20
     $
0.37
     $
1.67
  
Weighted average shares outstanding - dilute
d
    
11,369
      
11,390
      
11,386
      
11,391
      
11,381
  
Market price of common stock: (c
)
                                        
Hig
h
   $
27.93
     $
24.00
     $
22.44
     $
22.86
     $
27.93
  
Lo
w
    
18.05
      
15.83
      
16.58
      
18.10
      
15.83
  
 
 
201
6
  
1st quarte
r
    
2nd quarte
r
    
3rd quarte
r
    
4th quarte
r
    
Yea
r
  
Net sale
s
   $
258,349
     $
273,608
     $
268,255
     $
254,904
     $
1,055,116
  
Operating income (loss) (d
)
    
35
      
8,339
      
27
      
(2,653
 )    
5,748
  
Income (loss) before income taxe
s
    
(1,255
 )    
7,007
      
(1,288
 )    
(4,044
 )    
420
  
Net income (loss
)
   $
(767
 )   $
3,550
     $
(1,757
 )   $
(2,104
 )   $
(1,078
 )
Basic net income (loss) per shar
e
   $
(0.07
 )   $
0.32
     $
(0.16
 )   $
(0.19
 )   $
(0.10
 )
Weighted average shares outstanding - basi
c
    
11,182
      
11,216
      
11,219
      
11,221
      
11,210
  
Diluted net income (loss) per shar
e
   $
(0.07
 )   $
0.32
     $
(0.16
 )   $
(0.19
 )   $
(0.10
 )
Weighted average shares outstanding - dilute
d
    
11,182
      
11,216
      
11,219
      
11,221
      
11,210
  
Market price of common stock: (c
)
                                        
Hig
h
   $
17.50
     $
27.48
     $
31.19
     $
28.67
     $
31.19
  
Lo
w
    
7.98
      
15.41
      
17.42
      
17.14
      
7.98
  
 
(a)
Operating income (loss) in
2017
includes
$2,707
of LIFO expense related to the Company's tubular and pipe products segment.
(b)
Includes a
$6.2
million tax benefit related to the U.S. Tax Cuts and Jobs Act.
(c)
Represents the high and low sales prices of our common stock as reported by the Nasdaq Global Select Market.
(d)
Operating income (loss) in
2016
includes
$1,489
of LIFO income related to the Company's tubular and pipe products segment.