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Note 16 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

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)		2023				2022				2023				2022
Net sales
Specialty metals flat products		$	147,000			$	226,964			$	313,564			$	426,443
Carbon flat products			326,629				370,665				636,447				750,214
Tubular and pipe products			95,639				111,547				192,333				228,852
Total net sales		$	569,268			$	709,176			$	1,142,344			$	1,405,509
Depreciation and amortization
Specialty metals flat products		$	1,023			$	1,008			$	2,007			$	2,013
Carbon flat products			3,716				2,698				7,323				5,372
Tubular and pipe products			1,716				1,222				3,309				2,508
Corporate			18				18				35				35
Total depreciation and amortization		$	6,473			$	4,946			$	12,674			$	9,928
Operating income
Specialty metals flat products		$	6,679			$	36,473			$	15,938			$	70,557
Carbon flat products			14,695				15,618				20,641				25,493
Tubular and pipe products			9,371				7,300				19,112				21,882
Corporate expenses			(4,973	)			(5,526	)			(12,196	)			(10,945	)
Total operating income		$	25,772			$	53,865			$	43,495			$	106,987
Other loss, net			28				15				39				21
Income before interest and income taxes			25,744				53,850				43,456				106,966
Interest and other expense on debt			4,203				2,271				8,426				4,269
Income before income taxes		$	21,541			$	51,579			$	35,030			$	102,697

Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block]

		For the Six Months Ended
		June 30,
(in thousands)		2023				2022
Capital expenditures
Flat products segments		$	8,977			$	8,236
Tubular and pipe products			6,083				1,786
Corporate			57				-
Total capital expenditures		$	15,117			$	10,022

		As of
		June 30,				December 31,
(in thouands)		2023				2022
Assets
Flat products segments		$	737,819			$	631,607
Tubular and pipe products			274,562				258,412
Corporate			1,601				1,608
Total assets		$	1,013,982			$	891,627

X

- Definition

Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 280
-SubTopic 10
-Section 50
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-Subparagraph (d)
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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
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