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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue from product sales        
Revenue from ferrous operations $ 8,003 $ 5,300 $ 15,048 $ 9,897
Revenue from non-ferrous operations 8,292 7,875 15,607 15,870
Revenue from auto parts operations and other revenue 305 385 602 804
Total revenue from product sales 16,600 13,560 31,257 26,571
Cost of sales for product sales 15,103 12,880 28,548 24,960
Gross profit 1,497 680 2,709 1,611
Selling, general and administrative expenses 893 856 1,819 1,898
Income (loss) before other income (expense) 604 (176) 890 (287)
Other income (expense)        
Interest expense, including loan fee amortization (282) (202) (524) (385)
Gain on sale of assets 0 0 0 28
Gain on insurance proceeds 487 0 487 0
Other income (expense), net 0 1 0 3
Total other income (expense), net 205 (201) (37) (354)
Income (loss) before income taxes 809 (377) 853 (641)
Income tax provision 12 0 20 7
Net income (loss) $ 797 $ (377) $ 833 $ (648)
Basic earnings (loss) per share (in dollars per share) $ 0.10 $ (0.05) $ 0.10 $ (0.08)
Diluted earnings (loss) per share (in dollars per share) $ 0.10 $ (0.05) $ 0.10 $ (0.08)
Weighted average shares outstanding:        
Basic (in Shares) 8,102 8,075 8,096 8,075
Diluted (in Shares) 8,170 8,075 8,142 8,075