Quarterly report pursuant to Section 13 or 15(d)

Industry Segments

v3.21.1
Industry Segments
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Industry Segments Industry Segments
The following table summarizes certain information regarding segments of the Company's operations:
Three Months Ended March 31,
(in thousands) 2021 2020
Net sales
Metals Segment $ 55,213  $ 60,664 
Specialty Chemicals Segment 14,565  14,033 
$ 69,778  $ 74,697 
Operating income
Metals Segment $ 2,577  $ 934 
Specialty Chemicals Segment 1,056  466 
Unallocated corporate expenses 1,767  2,019 
Acquisition costs and other —  304 
Proxy contest costs and recoveries (464) — 
Earn-out adjustments
 225  4 
Operating income (loss) 2,105  (927)
Interest expense 387  719 
Loss on extinguishment of debt 223  — 
Change in fair value of interest rate swap (2) 85 
Other, net 162  827 
Income (loss) before income taxes $ 1,335  $ (2,558)
As of
(in thousands) March 31, 2021 December 31, 2020
Identifiable assets
Metals Segment $ 151,657  $ 141,799 
Specialty Chemicals Segment 27,612  25,039 
Corporate 36,058  40,146 
$ 215,327  $ 206,984