XML 33 R14.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Acquisitions | 6 Months Ended
--- | ---
Jun. 30, 2018
Business Combinations [Abstract] |
Acquisitions | Acquisitions On February 28, 2017, the Company's subsidiary Bristol Metals, LLC ("BRISMET"), acquired the stainless steel pipe and tube assets of MUSA located in Munhall, PA ("Bristol Metals-Munhall"). Bristol Metals-Munhall's results of operations since acquisition are reflected in the Company's consolidated statements of operations as follows:
| Three Months Ended |  | Six Months Ended
| Jun 30, 2018 |  |  | Jun 30, 2017 |  |  | Jun 30, 2018 |  |  | Jun 30, 2017 |
Revenues | $ | 14,771,010 |  |  | $ | 7,299,734 |  |  | $ | 25,739,242 |  |  | $ | 8,411,926 |
Pre-tax income (loss) | (38,142 | ) |  | 211,703 |  |  | 1,019,497 |  |  | 390,896 |
Pre-tax loss for the second quarter of 2018 includes a $2,307,598 charge related to an increase in the fair value of the stainless steel earn-out liability during the period, as compared to a gain of $3,391 in the second quarter of 2017. For the six months ended June 30, 2018, charges related to the earn-out liability fair value adjustments totaled $2,461,658 as compared to a gain of $3,391 for the six months ended June 30, 2017.

X
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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