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Industry Segments (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of Segment Information | The following table summarizes certain information regarding segments of the Company's operations:
(in thousands) | 2020 |  | 2019 |  |
Net sales |  |  |  |  |
Metals Segment | $ | 204,459 |  |  | $ | 251,078 |  |  |
Specialty Chemicals Segment | 51,541 |  |  | 54,090 |  |  |
| $ | 256,000 |  |  | $ | 305,168 |  |  |
Operating (loss) income |  |  |  |  |
Metals Segment | $ | (24,599) |  |  | $ | 3,692 |  |  |
Specialty Chemicals Segment | 4,033 |  |  | 2,811 |  |  |
| (20,566) |  |  | 6,503 |  |  |
Unallocated corporate expenses | 7,917 |  |  | 8,357 |  |  |
Acquisition related costs | 845 |  |  | 601 |  |  |
Proxy contest costs | 3,105 |  |  | — |  |  |
Earn-out adjustments | (1,195) |  |  | (747) |  |  |
Gain on lease modification | (171) |  |  | — |  |  |
Operating loss | (31,067) |  |  | (1,708) |  |  |
Interest expense | 2,110 |  |  | 3,818 |  |  |
Change in fair value of interest rate swap | 51 |  |  | 141 |  |  |
Other income, net | (1,255) |  |  | (1,904) |  |  |
Loss before income taxes | $ | (31,973) |  |  | $ | (3,763) |  |  |
Identifiable assets |  |  |  |  |
Metals Segment | $ | 141,799 |  |  | $ | 186,758 |  |  |
Specialty Chemicals Segment | 25,039 |  |  | 25,428 |  |  |
Corporate | 40,146 |  |  | 45,011 |  |  |
| $ | 206,984 |  |  | $ | 257,197 |  |  |
Depreciation and amortization |  |  |  |  |
Metals Segment | $ | 8,883 |  |  | $ | 9,439 |  |  |
Specialty Chemicals Segment | 1,552 |  |  | 1,461 |  |  |
Corporate | 165 |  |  | 164 |  |  |
| $ | 10,600 |  |  | $ | 11,064 |  |  |
Capital expenditures |  |  |  |  |
Metals Segment | $ | 1,761 |  |  | $ | 2,812 |  |  |
Specialty Chemicals Segment | 866 |  |  | 1,157 |  |  |
Corporate | 1,121 |  |  | 568 |  |  |
| $ | 3,748 |  |  | $ | 4,537 |  |  |
Sales by product group |  |  |  |  |
Specialty chemicals | $ | 51,541 |  |  | $ | 54,090 |  |  |
Stainless steel pipe and tube | 154,974 |  |  | 167,907 |  |  |
Heavy wall seamless carbon steel pipe and tube | 23,670 |  |  | 30,607 |  |  |
Fiberglass and steel liquid storage tanks and separation equipment | 5,503 |  |  | 28,722 |  |  |
Galvanized pipe and tube | 20,312 |  |  | 23,842 |  |  |
| $ | 256,000 |  |  | $ | 305,168 |  |  |
Geographic sales |  |  |  |  |
United States | $ | 248,470 |  |  | $ | 297,808 |  |  |
Elsewhere | 7,530 |  |  | 7,360 |  |  |
| $ | 256,000 |  |  | $ | 305,168 |  |  |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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