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Industry Segments (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information | The following table summarizes certain information regarding segments of the Company's continuing operations:
(in thousands) | 2023 |  | 2022 |  |
Net sales |  |  |  |  |
Tubular Products | $ | 109,513 |  |  | $ | 154,040 |  |  |
Specialty Chemicals | 83,616 |  |  | 107,542 |  |  |
All Other | 50 |  |  | 411 |  |  |
| $ | 193,179 |  |  | $ | 261,993 |  |  |
Operating (loss) income |  |  |  |  |
Tubular Products | $ | (11,210) |  |  | $ | 22,182 |  |  |
Specialty Chemicals | (12,558) |  |  | 6,971 |  |  |
All Other | (801) |  |  | (509) |  |  |
| (24,569) |  |  | 28,644 |  |  |
Corporate |  |  |  |  |
Unallocated corporate expenses | (12,018) |  |  | (12,997) |  |  |
Acquisition costs and other | (843) |  |  | (1,104) |  |  |
Total Corporate | (12,861) |  |  | (14,101) |  |  |
Operating (loss) income | (37,430) |  |  | 14,543 |  |  |
Interest expense | 4,238 |  |  | 2,742 |  |  |
Other income, net | (593) |  |  | (209) |  |  |
(Loss) income before income taxes | $ | (41,075) |  |  | $ | 12,010 |  |  |
Identifiable assets |  |  |  |  |
Tubular Products | $ | 70,548 |  |  | $ | 89,050 |  |  |
Specialty Chemicals | 49,547 |  |  | 72,990 |  |  |
Corporate & Other | 42,339 |  |  | 37,907 |  |  |
| $ | 162,434 |  |  | $ | 199,947 |  |  |
Depreciation and amortization |  |  |  |  |
Tubular Products | $ | 3,145 |  |  | $ | 3,451 |  |  |
Specialty Chemicals | 4,432 |  |  | 4,749 |  |  |
Corporate & Other | 89 |  |  | 74 |  |  |
| $ | 7,666 |  |  | $ | 8,274 |  |  |
Capital expenditures |  |  |  |  |
Tubular Products | $ | 1,104 |  |  | $ | 2,076 |  |  |
Specialty Chemicals | 1,519 |  |  | 1,140 |  |  |
Corporate & Other | 262 |  |  | 178 |  |  |
| $ | 2,885 |  |  | $ | 3,394 |  |  |
Sales by product group |  |  |  |  |
Fiberglass and steel liquid storage tanks and separation equipment | $ | 50 |  |  | $ | 411 |  |  |
Stainless steel pipe and tube | 109,513 |  |  | 154,040 |  |  |
Specialty chemicals | 83,616 |  |  | 107,542 |  |  |
| $ | 193,179 |  |  | $ | 261,993 |  |  |
Geographic sales |  |  |  |  |
United States | $ | 188,241 |  |  | $ | 253,693 |  |  |
Elsewhere | 4,938 |  |  | 8,300 |  |  |
| $ | 193,179 |  |  | $ | 261,993 |  |  |

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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 + Details
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