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v3.23.1

Industry Segments (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information | The following table summarizes certain information regarding segments of the Company's operations:
| Three Months Ended March 31, |  |  |  |
(in thousands) | 2023 |  | 2022 |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |
Tubular Products | $ | 58,653 |  |  | $ | 88,383 |  |  |  |  |  |  |  |  |
Specialty Chemicals | 23,749 |  |  | 27,721 |  |  |  |  |  |  |  |  |
All Other | 50 |  |  | 114 |  |  |  |  |  |  |  |  |
| $ | 82,452 |  |  | $ | 116,218 |  |  |  |  |  |  |  |  |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |
Tubular Products | $ | (2,504) |  |  | $ | 14,574 |  |  |  |  |  |  |  |  |
Specialty Chemicals | 1,352 |  |  | 2,387 |  |  |  |  |  |  |  |  |
All Other | (479) |  |  | (82) |  |  |  |  |  |  |  |  |
Corporate |  |  |  |  |  |  |  |  |  |  |
Unallocated corporate expenses | (3,704) |  |  | (3,029) |  |  |  |  |  |  |  |  |
Acquisition costs and other | (259) |  |  | (531) |  |  |  |  |  |  |  |  |
Earn-out adjustments | — |  |  | (102) |  |  |  |  |  |  |  |  |
Total Corporate | (3,963) |  |  | (3,662) |  |  |  |  |  |  |  |  |
Operating income (loss) | (5,594) |  |  | 13,217 |  |  |  |  |  |  |  |  |
Interest expense | 1,107 |  |  | 403 |  |  |  |  |  |  |  |  |
Other, net | (95) |  |  | (35) |  |  |  |  |  |  |  |  |
Income (loss) before income taxes | $ | (6,606) |  |  | $ | 12,849 |  |  |  |  |  |  |  |  |
| As of |  |  |  |  |  |
(in thousands) | March 31, 2023 |  | December 31, 2022 |  |  |  |  |  |  |  |
Identifiable assets |  |  |  |  |  |  |  |  |  |  |
Tubular Products | $ | 145,416 |  |  | $ | 158,664 |  |  |  |  |  |  |  |  |
Specialty Chemicals | 70,406 |  |  | 72,990 |  |  |  |  |  |  |  |  |
Corporate | 39,210 |  |  | 37,389 |  |  |  |  |  |  |  |  |
| $ | 255,032 |  |  | $ | 269,043 |  |  |  |  |  |  |  |  |

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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 + Details
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