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Schedule III - Quarterly Results of Operations (Details) - USD ($)
shares in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Maximum [Member]                    
Market price of common stock: (c)                    
Market price of common stock (in dollars per share) [1] $ 12.60 $ 17.92 $ 20.93 $ 18.57 $ 21.39 $ 25.83 $ 29.58 $ 30.95 $ 20.93 $ 30.95
Minimum [Member]                    
Market price of common stock: (c)                    
Market price of common stock (in dollars per share) [1] $ 8.98 $ 6.40 $ 10.44 $ 12.86 $ 15.75 $ 20.57 $ 20.88 $ 25.84 $ 6.40 $ 15.75
Net sales $ 237,505,000 $ 276,922,000 $ 315,251,000 $ 345,865,000 $ 326,693,000 $ 376,617,000 $ 386,047,000 $ 346,913,000 $ 1,175,543,000 $ 1,436,270,000
Operating income (loss) (7,179,000) [2] 453,000 [2] (24,398,000) [2] 3,345,000 [2] (26,662,000) [3] 4,117,000 [3] 7,108,000 [3] 6,229,000 [3] (27,779,000) [2] (9,208,000) [3]
Income (loss) before income taxes (8,414,000) (1,036,000) (25,895,000) 1,751,000 (28,411,000) 2,495,000 5,325,000 4,477,000 (33,594,000) (16,114,000)
Net income (loss) $ (4,988,000) $ (598,000) $ (22,260,000) $ 1,069,000 $ (26,891,000) $ 1,556,000 $ 3,494,000 $ 2,777,000 $ (26,777,000) $ (19,064,000)
Basic net income (loss) per share (in dollars per share) $ (0.45) $ (0.05) $ (1.99) $ 0.10 $ (2.42) $ 0.14 $ 0.32 $ 0.25 $ (2.39) $ (1.71)
Weighted average shares outstanding - basic (in shares) 11,174 11,203 11,201 11,195 11,127 11,120 11,089 11,089 11,192 11,120
Diluted net income (loss) per share (in dollars per share) $ (0.45) $ (0.05) $ (1.99) $ 0.10 $ (2.42) $ 0.14 $ 0.32 $ 0.25 $ (2.39) $ (1.71)
Weighted average shares outstanding - diluted (in shares) 11,173 11,203 11,201 11,195 11,127 11,120 11,089 11,090 11,192 11,120
Net sales $ 237,505,000 $ 276,922,000 $ 315,251,000 $ 345,865,000 $ 326,693,000 $ 376,617,000 $ 386,047,000 $ 346,913,000 $ 1,175,543,000 $ 1,436,270,000
Operating income (loss) (7,179,000) [2] 453,000 [2] (24,398,000) [2] 3,345,000 [2] (26,662,000) [3] 4,117,000 [3] 7,108,000 [3] 6,229,000 [3] (27,779,000) [2] (9,208,000) [3]
Income (loss) before income taxes (8,414,000) (1,036,000) (25,895,000) 1,751,000 (28,411,000) 2,495,000 5,325,000 4,477,000 (33,594,000) (16,114,000)
Net income (loss) $ (4,988,000) $ (598,000) $ (22,260,000) $ 1,069,000 $ (26,891,000) $ 1,556,000 $ 3,494,000 $ 2,777,000 $ (26,777,000) $ (19,064,000)
Basic net income (loss) per share (in dollars per share) $ (0.45) $ (0.05) $ (1.99) $ 0.10 $ (2.42) $ 0.14 $ 0.32 $ 0.25 $ (2.39) $ (1.71)
Weighted average shares outstanding - basic (in shares) 11,174 11,203 11,201 11,195 11,127 11,120 11,089 11,089 11,192 11,120
Diluted net income (loss) per share (in dollars per share) $ (0.45) $ (0.05) $ (1.99) $ 0.10 $ (2.42) $ 0.14 $ 0.32 $ 0.25 $ (2.39) $ (1.71)
Weighted average shares outstanding - diluted (in shares) 11,173 11,203 11,201 11,195 11,127 11,120 11,089 11,090 11,192 11,120
[1] Represents the high and low sales prices of our common stock as reported by the Nasdaq Global Select Market.
[2] 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.
[3] 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.