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Industry Segments (Tables)

3 Months Ended

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

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 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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