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Industry Segments (Tables)

12 Months Ended

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

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- References

No definition available.

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