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Industry Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Information

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

			Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)			2023						2022						2023						2022
Net sales
Tubular Products			$	39,302					$	55,580					$	82,922					$	111,454
Specialty Chemicals			21,363						29,020						45,112						56,741
All Other			—						—						50						114
			$	60,665					$	84,600					$	128,084					$	168,309
Operating income (loss)
Tubular Products			$	(105)					$	12,992					$	1,560					$	27,120
Specialty Chemicals			(806)						2,627						546						5,014
All Other			(74)						(235)						(552)						(317)
Corporate
Unallocated corporate expenses			(2,750)						(3,322)						(6,455)						(6,351)
Acquisition costs and other			(17)						(157)						(274)						(688)
Total Corporate			(2,767)						(3,479)						(6,729)						(7,039)
Operating income (loss)			(3,752)						11,905						(5,175)						24,778
Interest expense			1,047						407						2,154						810
Other, net			(154)						(23)						(247)						(58)
Income (loss) before income taxes			$	(4,645)					$	11,521					$	(7,082)					$	24,026
			As of
(in thousands)			June 30, 2023						December 31, 2022
Identifiable assets
Tubular Products			$	99,380					$	112,926
Specialty Chemicals			67,269						72,990
Corporate and other			65,773						83,127
			$	232,422					$	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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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