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Note 15 - Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Notes Tables |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 164,179 |  |  | $ | 80,904 |  |  | $ | 428,533 |  |  | $ | 223,887 |
Carbon flat products |  |  | 404,596 |  |  |  | 167,948 |  |  |  | 976,480 |  |  |  | 511,726 |
Tubular and pipe products |  |  | 99,691 |  |  |  | 51,069 |  |  |  | 282,654 |  |  |  | 166,984 |
Total net sales |  | $ | 668,466 |  |  | $ | 299,921 |  |  | $ | 1,687,667 |  |  | $ | 902,597 |
Restructuring and other charges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 27 |
Carbon flat products |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,559 |
Tubular and pipe products |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Corporate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total restructuring and other charges |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 3,586 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 858 |  |  | $ | 513 |  |  | $ | 2,662 |  |  | $ | 1,457 |
Carbon flat products |  |  | 2,698 |  |  |  | 2,852 |  |  |  | 8,570 |  |  |  | 8,932 |
Tubular and pipe products |  |  | 1,239 |  |  |  | 1,344 |  |  |  | 4,035 |  |  |  | 4,076 |
Corporate |  |  | 18 |  |  |  | 18 |  |  |  | 54 |  |  |  | 102 |
Total depreciation and amortization |  | $ | 4,813 |  |  | $ | 4,727 |  |  | $ | 15,321 |  |  | $ | 14,567 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 24,663 |  |  | $ | 2,448 |  |  | $ | 46,387 |  |  | $ | 7,174 |
Carbon flat products |  |  | 37,164 |  |  |  | (1,604 | ) |  |  | 88,797 |  |  |  | (12,378 | )
Tubular and pipe products |  |  | 2,354 |  |  |  | 744 |  |  |  | 11,713 |  |  |  | 7,274 |
Corporate expenses |  |  | (2,021 | ) |  |  | (1,951 | ) |  |  | (10,711 | ) |  |  | (6,867 | )
Total operating income (loss) |  | $ | 62,160 |  |  | $ | (363 | ) |  | $ | 136,186 |  |  | $ | (4,797 | )
Other income (loss), net |  |  | (15 | ) |  |  | (25 | ) |  |  | (24 | ) |  |  | (68 | )
Income (loss) before interest and income taxes |  |  | 62,145 |  |  |  | (388 | ) |  |  | 136,162 |  |  |  | (4,865 | )
Interest and other expense on debt |  |  | 1,947 |  |  |  | 1,693 |  |  |  | 5,618 |  |  |  | 5,823 |
Income (loss) before income taxes |  | $ | 60,198 |  |  | $ | (2,081 | ) |  | $ | 130,544 |  |  | $ | (10,688 | )
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block] |
|  | For the Nine Months Ended |
|  | September 30, |
(in thousands) |  | 2021 |  |  | 2020 |
Capital expenditures |  |  |  |  |  |  |  |
Flat products segments |  | $ | 6,172 |  |  | $ | 6,818 |
Tubular and pipe products |  |  | 1,566 |  |  |  | 1,150 |
Corporate |  |  | - |  |  |  | - |
Total capital expenditures |  | $ | 7,738 |  |  | $ | 7,968 |
|  | As of |
|  | September 30, |  |  | December 31, |
(in thouands) |  | 2021 |  |  | 2020 |
Assets |  |  |  |  |  |  |  |
Flat products segments |  | $ | 721,133 |  |  | $ | 404,269 |
Tubular and pipe products |  |  | 249,566 |  |  |  | 235,516 |
Corporate |  |  | 607 |  |  |  | 820 |
Total assets |  | $ | 971,306 |  |  | $ | 640,605 |

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