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Industry Segments
 12 Months Ended
Dec. 31, 2011
Industry Segments [Abstract]  
Industry Segments
Note 13 Industry Segments
 
The Company operates in two principal industry segments: metals and specialty chemicals. The Company identifies such segments based on products and services. The Metals Segment consists of Synalloy Metals, Inc. a wholly-owned subsidiary which owns 100 percent of Bristol Metals, LLC, and Ram-Fab, LLC, a wholly-owned subsidiary of the Company. The Metals Segment manufactures pipe from stainless steel and other alloys and fabricates piping systems from carbon, chrome, stainless steel and other alloys. The Segment’s products, many of which are custom-produced to individual orders and required for corrosive and high-purity processes, are used principally by the chemical, petrochemical, pulp and paper, mining, power generation (including nuclear), water and wastewater treatment, liquid natural gas, brewery, food processing, petroleum, pharmaceutical and other industries. Products include pipe, piping systems and a variety of other components. The Specialty Chemicals Segment consists of Manufacturers Soap and Chemical Company, a wholly owned subsidiary of the Company which owns 100 percent of Manufacturers Chemicals, LLC. The Specialty Chemicals Segment manufactures a wide variety of specialty chemicals and dyes for the carpet, chemical, paper, metals, mining, agricultural, fiber, paint, textile, automotive, petroleum, cosmetics, mattress, furniture, janitorial and other industries.
 
Segment operating income is the Segment’s total revenue less operating expenses, excluding interest expense and income taxes. Identifiable assets, all of which are located in the United States, are those assets used in operations by each Segment. The Metals Segment’s identifiable assets include goodwill of $1,000,000 in 2011 and 2010, and the Chemicals Segment’s identifiable assets include goodwill of $1,355,000 in 2011 and 2010. Centralized data processing and accounting expenses are allocated to the two Segments based upon estimates of their percentage of usage. Unallocated corporate expenses include environmental charges of $8,000 and $343,000 for 2011 and 2009, respectively. There were no environmental charges during 2010.  Corporate assets consist principally of cash, certain investments, and equipment.
 
The Metals Segment has one domestic customer that accounted for approximately ten and eleven percent of the Metals Segment’s revenues in 2011 and 2010, respectively, and less than ten percent for 2009. The Segment also has one other domestic customer that accounted for less than ten percent of the Segment’s revenues in 2011 and 2010, respectively, but accounted for approximately ten percent in 2009. Loss of either of these customers’ revenues would have a material adverse effect on both the Metals Segment and the Company. The Specialty Chemicals Segment has one domestic customer that accounted for approximately 24 percent of revenues in 2011, 2010 and 2009, respectively. However, this customer is a large global company, and the purchases by this customer are derived from several different business units that operate autonomously from each other.  Even so, loss of this customer’s revenues would have a material adverse effect on the Specialty Chemicals Segment and the Company.
 
In order to establish stronger business relationships, the Metals Segment uses only a few raw material suppliers. Five suppliers furnish about 84 percent of total dollar purchases of raw materials, with one supplier totaling about 37 percent. However, the Company does not believe that the loss of any of these suppliers would have a materially adverse effect on the Company as raw materials are readily available from a number of different sources, and the Company anticipates no difficulties in fulfilling its requirements. For the Specialty Chemicals Segment, most raw materials are generally available from numerous independent suppliers and about 34 percent of total purchases are from its top five suppliers. While some raw material needs are met by a sole supplier or only a few suppliers, the Company anticipates no difficulties in fulfilling its raw material requirements.
 
 
Segment Information:
 
(Amounts in thousands)
 
2011
  
2010
  
2009
 
Net sales
         
   Metals Segment
 $127,727  $108,544  $70,891 
   Specialty Chemicals Segment
  42,848   42,577   32,749 
   $170,575  $151,121  $103,640 
Operating income (loss)
            
   Metals Segment
 $9,253  $3,774  $(12)
   Specialty Chemicals Segment
  2,221   3,960   2,722 
    11,474   7,734   2,710 
Less unallocated corporate expenses
  2,668   1,541   2,008 
      Operating income
  8,806   6,193   702 
Other expense, net
  56   43   350 
      Pretax income from continuing operations
 $8,750  $6,150  $352 
              
Identifiable assets
            
   Metals Segment
 $72,722  $56,622     
   Specialty Chemicals Segment
  18,465   17,910     
   Corporate
  7,729   6,843     
   $98,916  $81,375     
Depreciation and amortization
            
   Metals Segment
 $2,073  $2,067  $1,805 
   Specialty Chemicals Segment
  419   416   382 
   Corporate
  167   159   215 
   $2,659  $2,642  $2,402 
Capital expenditures
            
   Metals Segment
 $2,097  $3,995  $1,416 
   Specialty Chemicals Segment
  930   1,035   396 
   Corporate
  158   65   80 
   $3,185  $5,095  $1,892 
Geographic sales
            
   United States
 $159,820  $144,340  $101,814 
   Elsewhere
  10,755   6,781   1,826 
   $170,575  $151,121  $103,640