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Industry Segments (Tables)

6 Months Ended

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

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
-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

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X

- References

No definition available.

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