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Schedule III - Supplemental Financial Information

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Quarterly Financial Information [Text Block]

SUPPLEMENTAL FINANCIAL INFORMATION

(in thousands, except per share data)

(unaudited)

2020		1st quarter				2nd quarter				3rd quarter				4th quarter				Year
Net sales		$	354,380			$	248,296			$	299,921			$	331,547			$	1,234,144
Operating income (loss) (a)			3,051				(7,485	)			(363	)			5,370				573
Income (loss) before income taxes			795				(9,402	)			(2,081	)			3,777				(6,911	)
Net income (loss)		$	593			$	(6,454	)		$	(1,520	)		$	1,786			$	(5,595	)
Basic net income (loss) per share		$	0.05			$	(0.56	)		$	(0.13	)		$	0.16			$	(0.49	)
Weighted average shares outstanding - basic			11,444				11,446				11,452				11,451				11,447
Diluted net income (loss) per share		$	0.05			$	(0.56	)		$	(0.13	)		$	0.16			$	(0.49	)
Weighted average shares outstanding - diluted			11,459				11,446				11,452				11,475				11,447
Market price of common stock: (b)
High		$	18.05			$	13.95			$	12.64			$	16.49			$	18.05
Low			8.44				7.74				9.68				10.84				7.74

2019		1st quarter				2nd quarter				3rd quarter				4th quarter				Year
Net sales		$	445,919			$	429,151			$	384,230			$	319,740			$	1,579,040
Operating income (a)			6,074				5,940				3,581				1,015				16,610
Income (loss) before income taxes			2,846				2,707				1,024				(1,288	)			5,289
Net income (loss)		$	2,074			$	2,081			$	591			$	(890	)		$	3,856
Basic net income (loss) per share		$	0.18			$	0.18			$	0.05			$	(0.08	)		$	0.34
Weighted average shares outstanding - basic			11,488				11,415				11,420				11,416				11,509
Diluted net income (loss) per share		$	0.18			$	0.18			$	0.05			$	(0.08	)		$	0.34
Weighted average shares outstanding - diluted			11,488				11,415				11,420				11,416				11,509
Market price of common stock: (b)
High		$	20.24			$	18.24			$	16.28			$	18.41			$	20.24
Low			14.00				12.09				9.99				13.53				9.99

(a)	Operating income (loss)  in 2020 includes $1,517 of LIFO income related to the Company's tubular and pipe products segment.
(b)	Represents the high and low sales prices of our common stock as reported by the Nasdaq Global Select Market.
(c)	Operating income (loss)  in 2019 includes $3,669 of LIFO income related to the Company's tubular and pipe products segment.

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- Definition

The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-URI http://asc.fasb.org/topic&trid=2126967

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