Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.10.0.1
Segment Information
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Information

The following table summarizes certain information regarding segments of the Company's operations:
 
Three Months Ended
 
Six Months Ended
 
Jun 30, 2018
 
Jun 30, 2017
 
Jun 30, 2018
 
Jun 30, 2017
Net sales
 
 
 
 
 
 
 
Metals Segment
$
56,374,479

 
$
39,088,322

 
$
101,866,726

 
$
68,798,282

Specialty Chemicals Segment
15,519,284

 
12,422,723

 
28,507,639

 
24,916,342

 
$
71,893,763

 
$
51,511,045

 
$
130,374,365

 
$
93,714,624

Operating income
 
 
 
 
 
 
 
Metals Segment
$
9,090,516

 
$
2,359,054

 
$
15,107,047

 
$
3,923,568

Specialty Chemicals Segment
1,106,672

 
1,137,911

 
1,970,161

 
2,645,371

 
 
 
 
 
 
 
 
Unallocated corporate expenses
2,219,618

 
1,601,026

 
3,722,339

 
3,158,098

Acquisition related costs
690,217

 
386,519

 
690,217

 
744,996

Operating income
7,287,353

 
1,509,420

 
12,664,652

 
2,665,845

Interest expense
403,852

 
341,005

 
717,835

 
521,320

Change in fair value of interest rate swaps
(19,255
)
 
16,927

 
(92,458
)
 
(24,503
)
Earn-out adjustment
2,307,598

 
(3,391
)
 
2,461,658

 
(3,391
)
Other loss (income), net
(59,112
)
 

 
29,185

 

Income before income taxes
$
4,654,270

 
$
1,154,879

 
$
9,548,432

 
$
2,172,419

 
 
 
 
 
 
 
 
 
As of
 
 
 
Jun 30, 2018
 
Dec 31, 2017
 
 
 
 
Identifiable assets
 
 
 
 
 
 
 
Metals Segment
$
158,144,084

 
$
130,456,857

 
 
 
 
Specialty Chemicals Segment
29,549,710

 
25,394,078

 
 
 
 
Corporate
14,587,879

 
4,023,215

 
 
 
 
 
$
202,281,673

 
$
159,874,150

 
 
 
 
Goodwill
 
 
 
 
 
 
 
Metals Segment
$
4,648,795

 
$
4,648,795

 
 
 
 
Specialty Chemicals Segment
1,354,730

 
1,354,730

 
 
 
 
 
$
6,003,525

 
$
6,003,525