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Industry Segments (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Information

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

			Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)			2022						2021						2022						2021
Net sales
Tubular Products			$	72,839					$	70,127					$	248,517					$	193,438
Specialty Chemicals			27,328						16,055						84,070						45,609
			$	100,167					$	86,182					$	332,587					$	239,047
Operating income
Tubular Products			$	4,509					$	11,711					$	31,935					$	21,793
Specialty Chemicals			1,097						1,356						6,111						1,999
Corporate
Unallocated corporate expenses			3,890						2,009						10,241						5,138
Acquisition costs and other			149						201						837						201
Proxy contest costs and recoveries			—						—						—						168
Earn-out adjustments			—						160						(7)						1,430
Total Corporate			4,039						2,370						11,071						6,937
Operating income			1,567						10,697						26,975						16,855
Interest expense			827						329						1,637						1,068
Loss on extinguishment of debt			—						—						—						223
Change in fair value of interest rate swap			—						—						—						(2)
Other, net			(118)						(10)						(176)						152
Income before income taxes			$	858					$	10,378					$	25,514					$	15,414
			As of
(in thousands)			September 30, 2022						December 31, 2021
Identifiable assets
Tubular Products			$	190,646					$	160,625
Specialty Chemicals			$	77,391					72,908
Corporate			$	31,405					32,469
			$	299,442					$	266,002

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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