XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.19.1

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2019
Segment Reporting [Abstract] |
Segment Information | Segment Information The following table summarizes certain information regarding segments of the Company's operations:
| Three Months Ended
| Mar 31, 2019 |  | Mar 31, 2018
Net sales |  |  |
Metals Segment | $ | 71,103,079 |  |  | $ | 45,492,247 |
Specialty Chemicals Segment | 13,700,753 |  |  | 12,988,355 |
| $ | 84,803,832 |  |  | $ | 58,480,602 |
Operating income (loss) |  |  |
Metals Segment | $ | 1,436,642 |  |  | $ | 6,016,531 |
Specialty Chemicals Segment | 614,214 |  |  | 863,489 |
Unallocated corporate expenses | 2,308,423 |  |  | 1,502,721 |
Acquisition related costs | 281,854 |  |  | — |
Earn-out adjustments | 16,523 |  |  | 154,060 |
Operating (loss) income | (555,944 | ) |  | 5,223,239 |
Interest expense | 1,023,941 |  |  | 313,984 |
Change in fair value of interest rate swaps | 47,561 |  |  | (73,204 | )
Other (income) loss, net | (294,667 | ) |  | 88,296 |
(Loss) income before income taxes | $ | (1,332,779 | ) |  | $ | 4,894,163 |
| As of
| Mar 31, 2019 |  | Dec 31, 2018
Identifiable assets |  |  |
Metals Segment | $ | 216,759,542 |  |  | $ | 192,195,733 |
Specialty Chemicals Segment | 27,801,913 |  |  | 28,174,675 |
Corporate (1) | 43,035,888 |  |  | 8,028,438 |
| $ | 287,597,343 |  |  | $ | 228,398,846 |
Goodwill |  |  |
Metals Segment | $ | 15,488,796 |  |  | $ | 8,445,262 |
Specialty Chemicals Segment | 1,354,730 |  |  | 1,354,730 |
| $ | 16,843,526 |  |  | $ | 9,799,992 |
(1) As of March 31, 2019, this amount included $36,759,065 in right-of-use assets that were recorded with the adoption of ASC 842 ("Leases"). Refer to Note 12 for additional information.

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration