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Industry Segments (Tables)

12 Months Ended

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

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- References

No definition available.

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