XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 15 - Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
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) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 125,693 |  |  | $ | 132,763 |  |  | $ | 386,100 |  |  | $ | 446,327 |
Carbon flat products |  |  | 264,849 |  |  |  | 304,478 |  |  |  | 873,579 |  |  |  | 940,925 |
Tubular and pipe products |  |  | 79,454 |  |  |  | 89,170 |  |  |  | 263,209 |  |  |  | 281,503 |
Total net sales |  | $ | 469,996 |  |  | $ | 526,411 |  |  | $ | 1,522,888 |  |  | $ | 1,668,755 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 1,005 |  |  | $ | 871 |  |  | $ | 2,922 |  |  | $ | 2,878 |
Carbon flat products |  |  | 4,028 |  |  |  | 3,568 |  |  |  | 12,221 |  |  |  | 10,891 |
Tubular and pipe products |  |  | 2,184 |  |  |  | 1,729 |  |  |  | 6,600 |  |  |  | 5,038 |
Corporate |  |  | 17 |  |  |  | 17 |  |  |  | 52 |  |  |  | 52 |
Total depreciation and amortization |  | $ | 7,234 |  |  | $ | 6,185 |  |  | $ | 21,795 |  |  | $ | 18,859 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 4,936 |  |  | $ | 4,668 |  |  | $ | 16,716 |  |  | $ | 20,606 |
Carbon flat products |  |  | 434 |  |  |  | 9,949 |  |  |  | 14,452 |  |  |  | 30,590 |
Tubular and pipe products |  |  | 6,476 |  |  |  | 10,033 |  |  |  | 20,600 |  |  |  | 29,145 |
Corporate expenses |  |  | (4,037 | ) |  |  | (3,765 | ) |  |  | (12,911 | ) |  |  | (15,961 | )
Total operating income |  | $ | 7,809 |  |  | $ | 20,885 |  |  | $ | 38,857 |  |  | $ | 64,380 |
Other loss, net |  |  | 26 |  |  |  | 28 |  |  |  | 66 |  |  |  | 67 |
Income before interest and income taxes |  |  | 7,783 |  |  |  | 20,857 |  |  |  | 38,791 |  |  |  | 64,313 |
Interest and other expense on debt |  |  | 3,880 |  |  |  | 3,953 |  |  |  | 12,283 |  |  |  | 12,379 |
Income before income taxes |  | $ | 3,903 |  |  | $ | 16,904 |  |  | $ | 26,508 |  |  | $ | 51,934 |
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block] |
|  | For the Nine Months Ended |
|  | September 30, |
(in thousands) |  | 2024 |  |  | 2023 |
Capital expenditures |  |  |  |  |  |  |  |
Flat products segments |  | $ | 18,458 |  |  | $ | 12,711 |
Tubular and pipe products |  |  | 3,850 |  |  |  | 6,593 |
Corporate |  |  | - |  |  |  | 260 |
Total capital expenditures |  | $ | 22,308 |  |  | $ | 19,564 |
|  | As of |
|  | September 30, |  |  | December 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Assets |  |  |  |  |  |  |  |
Flat products segments |  | $ | 666,508 |  |  | $ | 649,744 |
Tubular and pipe products |  |  | 344,289 |  |  |  | 333,677 |
Corporate |  |  | 1,214 |  |  |  | 1,414 |
Total assets |  | $ | 1,012,011 |  |  | $ | 984,835 |

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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration