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Schedule III - Supplemental Financial Information
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Quarterly Financial Information [Text Block]
SUPPLEMENTAL FINANCIAL INFORMATION
(in thousands, except per share data)
(unaudited)
 
 
2018
  
1st quarter
    
2nd quarter
    
3rd quarter
    
4th quarter
    
Year
  
Net sales
   $
375,598
     $
452,917
     $
456,976
     $
429,590
     $
1,715,081
  
Operating income (a)
    
12,345
      
24,319
      
18,614
      
1,774
      
57,052
  
Income (loss) before income taxes
    
10,313
      
21,556
      
15,708
      
(1,512
 )    
46,065
  
Net income (loss)
   $
7,629
     $
15,848
     $
11,599
     $
(1,316
 )   $
33,759
  
Basic net income (loss) per share
   $
0.67
     $
1.39
     $
1.01
     $
(0.11
 )   $
2.95
  
Weighted average shares outstanding - basic
    
11,418
      
11,435
      
11,444
      
11,444
      
11,432
  
Diluted net income (loss) per share
   $
0.67
     $
1.39
     $
1.01
     $
(0.11
 )   $
2.95
  
Weighted average shares outstanding - diluted
    
11,418
      
11,435
      
11,446
      
11,444
      
11,440
  
Market price of common stock: (c)
                                        
High
   $
25.84
     $
24.27
     $
24.23
     $
21.41
     $
25.84
  
Low
    
19.75
      
19.75
      
19.92
      
13.72
      
13.72
  
 
 
2017
  
1st quarter
    
2nd quarter
    
3rd quarter
    
4th quarter
    
Year
  
Net sales
   $
334,893
     $
356,195
     $
331,442
     $
308,166
     $
1,330,696
  
Operating income (loss) (d)
    
11,051
      
9,633
      
5,286
      
(1,984
 )    
23,986
  
Income (loss) before income taxes
    
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 per share
   $
0.68
     $
0.42
     $
0.20
     $
0.37
     $
1.67
  
Weighted average shares outstanding - basic
    
11,369
      
11,383
      
11,386
      
11,389
      
11,381
  
Diluted net income per share
   $
0.68
     $
0.42
     $
0.20
     $
0.37
     $
1.67
  
Weighted average shares outstanding - diluted
    
11,369
      
11,390
      
11,386
      
11,391
      
11,381
  
Market price of common stock: (c)
                                        
High
   $
27.93
     $
24.00
     $
22.44
     $
22.86
     $
27.93
  
Low
    
18.05
      
15.83
      
16.58
      
18.10
      
15.83
  
 
(a) Operating income (loss) in
2018
includes
$8,408
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
2017
includes
$2,707
of LIFO expense related to the Company's tubular and pipe products segment.