XML 63 R41.htm IDEA: XBRL DOCUMENT v3.22.1

Industry Segments (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Information

The following table summarizes certain information regarding segments of the Company's operations:

(in thousands)			2021						2020
Net sales
Metals Segment			$	267,238					$	204,459
Specialty Chemicals Segment			67,477						51,541
			$	334,715					$	256,000
Operating income (loss)
Metals Segment			$	33,561					$	(24,599)
Specialty Chemicals Segment			3,656						4,033
			37,217						(20,566)
Unallocated corporate expenses			6,828						7,917
Acquisition costs and other			1,001						845
Proxy contest costs and recoveries			168						3,105
Earn-out adjustments			1,872						(1,195)
Gain on lease modification			—						(171)
Operating income (loss)			27,348						(31,067)
Interest expense			1,486						2,110
Change in fair value of interest rate swap			(2)						51
Loss on extinguishment of debt			223						—
Other income, net			143						(1,255)
Income (loss) before income taxes			$	25,498					$	(31,973)
Identifiable assets
Metals Segment			$	160,625					$	141,799
Specialty Chemicals Segment			72,908						25,039
Corporate			32,469						40,146
			$	266,002					$	206,984
Depreciation and amortization
Metals Segment			$	8,206					$	8,883
Specialty Chemicals Segment			2,005						1,552
Corporate			130						165
			$	10,341					$	10,600
Capital expenditures
Metals Segment			$	1,011					$	1,761
Specialty Chemicals Segment			486						866
Corporate			—						1,121
			$	1,497					$	3,748
Sales by product group
Fiberglass and steel liquid storage tanks and separation equipment			$	1,343					$	5,503
Heavy wall seamless carbon steel pipe and tube			40,539						23,670
Stainless steel pipe and tube			186,651						154,974
Galvanized pipe and tube			38,705						20,312
Specialty chemicals			67,477						51,541
			$	334,715					$	256,000
Geographic sales
United States			$	325,335					$	248,470
Elsewhere			9,380						7,530
			$	334,715					$	256,000

X

- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration