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Schedule III - Supplemental Financial Information
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Quarterly Financial Information [Text Block]
SUPPLEMENTAL FINANCIAL INFORMATION
(in thousands, except per share data)
 
2015
 
1st
 
 
2nd
 
 
3rd
 
 
4th
 
 
Year
 
Net sales
  $ 345,865     $ 315,251     $ 276,922     $ 237,505     $ 1,175,543  
Operating income (loss) (a)
    3,345       (24,398 )     453       (7,179 )     (27,779 )
Income (loss) before income taxes
    1,751       (25,895 )     (1,036 )     (8,414 )     (33,594 )
Net income (loss)
  $ 1,069     $ (22,260 )   $ (598 )   $ (4,988 )   $ (26,777 )
Basic net income (loss) per share
  $ 0.10     $ (1.99 )   $ (0.05 )   $ (0.45 )   $ (2.39 )
Weighted average shares outstanding - basic
    11,195       11,201       11,203       11,174       11,192  
Diluted net income (loss) per share
  $ 0.10     $ (1.99 )   $ (0.05 )   $ (0.45 )   $ (2.39 )
Weighted average shares outstanding - diluted
    11,195       11,201       11,203       11,173       11,192  
Market price of common stock: (c)
                                       
High
  $ 18.57     $ 20.93     $ 17.92     $ 12.60     $ 20.93  
Low
    12.86       10.44       6.40       8.98       6.40  
 
 
2014
 
1st
 
 
2nd
 
 
3rd
 
 
4th
 
 
Year
 
Net sales
  $ 346,913     $ 386,047     $ 376,617     $ 326,693     $ 1,436,270  
Operating income (loss) (b)
    6,229       7,108       4,117       (26,662 )     (9,208 )
Income (loss) before income taxes
    4,477       5,325       2,495       (28,411 )     (16,114 )
Net income (loss)
  $ 2,777     $ 3,494     $ 1,556     $ (26,891 )   $ (19,064 )
Basic net income (loss) per share
  $ 0.25     $ 0.32     $ 0.14     $ (2.42 )   $ (1.71 )
Weighted average shares outstanding - basic
    11,089       11,089       11,120       11,127       11,120  
Diluted net income (loss) per share
  $ 0.25     $ 0.32     $ 0.14     $ (2.42 )   $ (1.71 )
Weighted average shares outstanding - diluted
    11,090       11,089       11,120       11,127       11,120  
Market price of common stock: (c)
                                       
High
  $ 30.95     $ 29.58     $ 25.83     $ 21.39     $ 30.95  
Low
    25.84       20.88       20.57       15.75       15.75  
 
(a) 
Operating income (loss) includes $3,347 of LIFO income related to the Company's tubular and pipe products segment as well as a $16,451
goodwill impairment charge and a $8,000 intangible asset impairment charge recorded in the second quarter related to the Company's tubular
and pipe products segment and a $500 goodwill impairment charge recorded in the fourth quarter related to the specialty metals flat products
segment.
(b) 
Operating income (loss) includes $365 of LIFO expense and a $23,836 goodwill impairment charge related to the Company's tubular and
pipe products segment recorded in the fourth quarter of 2014.
(c) 
Represents the high and low sales prices of our common stock as reported by the Nasdaq Global Select Market.