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Parent Company Condensed Financial Information (Tables)
 12 Months Ended
Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Condensed Balance Sheet
Balance Sheets
(in thousands, except par value)
 
 
December 31,
 
December 31,
 
 
2013
 
2012
ASSETS
 
 
 
 
Current Assets:
 
 
 
 
Cash and cash equivalents
 
$
1,853

 
$
735

Deferred income tax assets - current
 
4,062

 
8,231

Prepaid and other current assets
 
92

 
105

Total current assets
 
6,007

 
9,071

Notes receivable from Bairnco
 
4,627

 
4,627

Investment in associated company
 
33,983

 
17,229

Deferred income tax assets
 
64,088

 
102,221

Investments in and advances to subsidiaries, net
 
278,730

 
226,878

Total assets
 
$
387,435

 
$
360,026

LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
Current Liabilities:
 
 
 
 
Trade payables
 
$
61

 
$
99

Accrued liabilities
 
718

 
648

Total current liabilities
 
779

 
747

Accrued interest - Handy & Harman
 
12,193

 
12,193

Notes payable to Handy & Harman
 
98,188

 
80,083

Accrued pension liability
 
142,403

 
215,075

Total liabilities
 
253,563

 
308,098

Commitments and Contingencies
 

 

Stockholders' Equity:
 
 
 
 
Common stock - $.01 par value; authorized 180,000 shares;
 
 
 
 
issued 13,444 and 13,140 shares, respectively
 
134

 
131

Accumulated other comprehensive loss
 
(181,931
)
 
(226,168
)
Additional paid-in capital
 
565,441

 
559,970

Treasury stock, at cost - 458 and 0 shares, respectively
 
(9,796
)
 
—

Accumulated deficit
 
(239,976
)
 
(282,005
)
Total stockholders' equity
 
133,872

 
51,928

Liabilities and stockholders' equity
 
$
387,435

 
$
360,026
Schedule of Condensed Income Statement
Statements of Income and Comprehensive Income (Loss)
(in thousands)
 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
Equity in income of subsidiaries, net of tax
 
$
44,275

 
$
35,498

 
$
40,044

Selling, general and administrative expenses
 
(7,790
)
 
(7,720
)
 
(5,883
)
Pension expense
 
(5,206
)
 
(3,195
)
 
(6,316
)
Other:
 
 
 
 
 
 
Interest expense - Handy & Handy notes payable
 
—

 
(4,087
)
 
(2,889
)
Interest income - Bairnco notes receivable
 
—

 
560

 
491

Other income (expense)
 
—

 
15

 
(3
)
Income before tax and equity investment
 
31,279

 
21,071

 
25,444

Tax benefit
 
4,744

 
5,410

 
113,331

Gain from associated company, net of tax
 
6,006

 
—

 
—

Net income
 
42,029

 
26,481

 
138,775

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
Changes in pension liability and post-retirement benefit obligations
 
68,328

 
(43,702
)
 
(82,805
)
Tax effect of changes in pension liability and post-retirement benefit obligations
 
(25,653
)
 
14,455

 
27,211

Change in market value of securities
 
7,113

 
(14,948
)
 
7,835

Tax effect of change in market value of securities
 
(3,041
)
 
6,054

 
(3,014
)
Foreign currency translation adjustments
 
(2,510
)
 
362

 
(1,751
)
Other comprehensive income (loss)
 
44,237

 
(37,779
)
 
(52,524
)
Comprehensive income (loss)
 
$
86,266

 
$
(11,298
)
 
$
86,251
Schedule of Condensed Cash Flow Statement
Statements of Cash Flows
(in thousands)
 
 
Year ended December 31,
 
 
2013
 
2012
 
2011
Cash flows from operating activities:
 
 
 
 
 
 
Net income
 
$
42,029

 
$
26,481

 
$
138,775

Adjustments to reconcile net income to net cash
 
 
 
 
 
 
used in operating activities:
 
 
 
 
 
 
Equity in income of subsidiaries, net of tax
 
(44,275
)
 
(35,498
)
 
(40,044
)
Payment in kind interest expense - Handy & Harman
 
—

 
4,087

 
2,889

Payment in kind interest income - Bairnco
 
—

 
(560
)
 
(491
)
Non-cash stock-based compensation
 
4,860

 
4,476

 
2,837

Non-cash gain from associated company
 
(6,006
)
 
—

 
—

Deferred income taxes
 
(5,945
)
 
(5,410
)
 
(113,490
)
Change in operating assets and liabilities:
 
 
 
 
 
 
Advances from affiliates
 
—

 
—

 
(424
)
Pension payments - WHX Pension Plan
 
(13,106
)
 
(15,919
)
 
(15,235
)
Pension expense
 
5,206

 
3,195

 
6,316

Other current assets and liabilities
 
45

 
(1,047
)
 
(1,330
)
Net cash used in operating activities
 
(17,192
)
 
(20,195
)
 
(20,197
)
Cash flows from investing activities:
 
 
 
 
 
 
Investments in marketable securities
 
—

 
(6,321
)
 
(18,021
)
Dividends from subsidiaries
 
10,000

 
6,321

 
18,021

Net cash provided by investing activities
 
10,000

 
—

 
—

Cash flows from financing activities:
 
 
 
 
 
 
Notes payable - Handy & Harman
 
18,106

 
19,419

 
18,735

Purchases of treasury stock
 
(9,796
)
 
—

 
—

Net cash provided by financing activities
 
8,310

 
19,419

 
18,735

Net change for the year
 
1,118

 
(776
)
 
(1,462
)
Cash and cash equivalents at beginning of year
 
735

 
1,511

 
2,973

Cash and cash equivalents at end of year
 
$
1,853

 
$
735

 
$
1,511