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Note 15 - Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2021
Notes Tables |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, |  |  | June 30, |
(in thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 138,035 |  |  | $ | 54,495 |  |  | $ | 264,354 |  |  | $ | 142,983 |
Carbon flat products |  |  | 325,511 |  |  |  | 140,811 |  |  |  | 571,884 |  |  |  | 343,778 |
Tubular and pipe products |  |  | 92,531 |  |  |  | 52,990 |  |  |  | 182,963 |  |  |  | 115,915 |
Total net sales |  | $ | 556,077 |  |  | $ | 248,296 |  |  | $ | 1,019,201 |  |  | $ | 602,676 |
Restructuring and other charges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | - |  |  | $ | 27 |  |  | $ | - |  |  | $ | 27 |
Carbon flat products |  |  | - |  |  |  | 3,559 |  |  |  | - |  |  |  | 3,559 |
Tubular and pipe products |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Corporate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total restructuring and other charges |  | $ | - |  |  | $ | 3,586 |  |  | $ | - |  |  | $ | 3,586 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 901 |  |  | $ | 447 |  |  | $ | 1,804 |  |  | $ | 944 |
Carbon flat products |  |  | 2,949 |  |  |  | 3,070 |  |  |  | 5,872 |  |  |  | 6,080 |
Tubular and pipe products |  |  | 1,404 |  |  |  | 1,368 |  |  |  | 2,796 |  |  |  | 2,732 |
Corporate |  |  | 18 |  |  |  | 42 |  |  |  | 36 |  |  |  | 84 |
Total depreciation and amortization |  | $ | 5,272 |  |  | $ | 4,927 |  |  | $ | 10,508 |  |  | $ | 9,840 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 13,702 |  |  | $ | 1,991 |  |  | $ | 21,724 |  |  | $ | 4,726 |
Carbon flat products |  |  | 30,434 |  |  |  | (9,428 | ) |  |  | 51,633 |  |  |  | (10,774 | )
Tubular and pipe products |  |  | 3,039 |  |  |  | 2,225 |  |  |  | 9,359 |  |  |  | 6,530 |
Corporate expenses |  |  | (4,738 | ) |  |  | (2,273 | ) |  |  | (8,690 | ) |  |  | (4,916 | )
Total operating income (loss) |  | $ | 42,437 |  |  | $ | (7,485 | ) |  | $ | 74,026 |  |  | $ | (4,434 | )
Other income (loss), net |  |  | 1 |  |  |  | (26 | ) |  |  | (9 | ) |  |  | (43 | )
Income (loss) before interest and income taxes |  |  | 42,438 |  |  |  | (7,511 | ) |  |  | 74,017 |  |  |  | (4,477 | )
Interest and other expense on debt |  |  | 2,017 |  |  |  | 1,891 |  |  |  | 3,671 |  |  |  | 4,130 |
Income (loss) before income taxes |  | $ | 40,421 |  |  | $ | (9,402 | ) |  | $ | 70,346 |  |  | $ | (8,607 | )
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block] |
|  | For the Six Months Ended |
|  | June 30, |
(in thousands) |  | 2021 |  |  | 2020 |
Capital expenditures |  |  |  |  |  |  |  |
Flat products segments |  | $ | 3,496 |  |  | $ | 5,628 |
Tubular and pipe products |  |  | 1,083 |  |  |  | 555 |
Corporate |  |  | - |  |  |  | - |
Total capital expenditures |  | $ | 4,579 |  |  | $ | 6,183 |
|  | As of |
|  | June 30, |  |  | December 31, |
(in thouands) |  | 2021 |  |  | 2020 |
Assets |  |  |  |  |  |  |  |
Flat products segments |  | $ | 640,826 |  |  | $ | 404,269 |
Tubular and pipe products |  |  | 246,185 |  |  |  | 235,516 |
Corporate |  |  | 678 |  |  |  | 820 |
Total assets |  | $ | 887,689 |  |  | $ | 640,605 |

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