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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 1,234,144 $ 1,579,040 $ 1,715,081
Costs and expenses      
Cost of materials sold (excludes items shown separately below) 979,099 1,280,110 1,372,954
Warehouse and processing 83,091 99,457 97,565
Administrative and general 71,451 76,863 81,107
Distribution 44,728 48,159 50,347
Selling 26,050 28,839 29,020
Occupancy 9,662 9,972 9,428
Depreciation 17,936 17,686 16,645
Amortization 1,554 1,344 963
Total costs and expenses 1,233,571 1,562,430 1,658,029
Operating income 573 [1] 16,610 [2] 57,052
Other loss, net (73) (32) (307)
Income before interest and income taxes 500 16,578 56,745
Interest and other expense on debt 7,411 11,289 10,681
Income (loss) before income taxes (6,911) 5,289 46,064
Income tax provision (benefit) (1,316) 1,433 12,305
Net income (loss) (5,595) 3,856 33,759
Loss on cash flow hedges (2,579) (3,041) 0
Tax effect of hedges 645 760 0
Total comprehensive income (loss) $ (7,529) $ 1,575 $ 33,759
Net income (loss) per share - basic (in dollars per share) $ (0.49) $ 0.34 $ 2.95
Weighted average shares outstanding - basic (in shares) 11,447 11,509 11,432
Net income (loss) per share - diluted (in dollars per share) $ (0.49) $ 0.34 $ 2.95
Weighted average shares outstanding - diluted (in shares) 11,447 11,509 11,440
Dividends declared per share of common stock (in dollars per share) $ 0.08 $ 0.08 $ 0.08
[1] Operating income (loss) in 2020 includes $1,517 of LIFO income related to the Company's tubular and pipe products segment.
[2] Operating income (loss) in 2019 includes $3,669 of LIFO income related to the Company's tubular and pipe products segment.