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Industry Segments (Tables) | 6 Months Ended
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Jun. 30, 2024
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) | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |
Tubular Products | $ | 28,721 |  |  | $ | 28,992 |  |  | $ | 52,536 |  |  | $ | 60,053 |  |  |  |  |
Specialty Chemicals | 21,468 |  |  | 21,363 |  |  | 41,764 |  |  | 45,112 |  |  |  |  |
All Other | — |  |  | — |  |  | — |  |  | 50 |  |  |  |  |
| $ | 50,189 |  |  | $ | 50,355 |  |  | $ | 94,300 |  |  | $ | 105,215 |  |  |  |  |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |
Tubular Products | $ | 889 |  |  | $ | (3,302) |  |  | $ | (613) |  |  | $ | (6,596) |  |  |  |  |
Specialty Chemicals | 429 |  |  | (806) |  |  | (1,010) |  |  | 546 |  |  |  |  |
All Other | (100) |  |  | (74) |  |  | (261) |  |  | (552) |  |  |  |  |
Corporate |  |  |  |  |  |  |  |  |  |  |
Unallocated corporate expenses | (1,429) |  |  | (2,750) |  |  | (3,579) |  |  | (6,455) |  |  |  |  |
Acquisition costs and other | (52) |  |  | (17) |  |  | (52) |  |  | (274) |  |  |  |  |
Total Corporate | (1,481) |  |  | (2,767) |  |  | (3,631) |  |  | (6,729) |  |  |  |  |
Operating loss | (263) |  |  | (6,949) |  |  | (5,515) |  |  | (13,331) |  |  |  |  |
Interest expense, net | 72 |  |  | 1,047 |  |  | 199 |  |  | 2,154 |  |  |  |  |
Other, net | (93) |  |  | (154) |  |  | (212) |  |  | (247) |  |  |  |  |
Loss from continuing operations before income taxes | $ | (242) |  |  | $ | (7,842) |  |  | $ | (5,502) |  |  | $ | (15,238) |  |  |  |  |
| As of |  |  |  |  |  |
(in thousands) | June 30, 2024 |  | December 31, 2023 |  |  |  |  |  |  |  |
Identifiable assets |  |  |  |  |  |  |  |  |  |  |
Tubular Products | $ | 70,173 |  |  | $ | 70,548 |  |  |  |  |  |  |  |  |
Specialty Chemicals | 45,469 |  |  | 49,547 |  |  |  |  |  |  |  |  |
Corporate and other | 42,531 |  |  | 42,339 |  |  |  |  |  |  |  |  |
| $ | 158,173 |  |  | $ | 162,434 |  |  |  |  |  |  |  |  |

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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