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Industry Segments
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Industry Segments Industry Segments
The following table summarizes certain information regarding segments of the Company's operations:
Three Months Ended March 31,
(in thousands)20212020
Net sales
Metals Segment$55,213 $60,664 
Specialty Chemicals Segment14,565 14,033 
$69,778 $74,697 
Operating income
Metals Segment$2,577 $934 
Specialty Chemicals Segment1,056 466 
Unallocated corporate expenses1,767 2,019 
Acquisition costs and other— 304 
Proxy contest costs and recoveries(464)— 
Earn-out adjustments
225 
Operating income (loss)2,105 (927)
Interest expense387 719 
Loss on extinguishment of debt223 — 
Change in fair value of interest rate swap(2)85 
Other, net162 827 
Income (loss) before income taxes$1,335 $(2,558)
As of
(in thousands)March 31, 2021December 31, 2020
Identifiable assets
Metals Segment$151,657 $141,799 
Specialty Chemicals Segment27,612 25,039 
Corporate36,058 40,146 
$215,327 $206,984