| Schedule of Segment Information |
The following table summarizes certain information regarding segments of the Company's operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
|
| (in thousands) |
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
|
| Net sales |
|
|
|
|
|
|
|
|
|
|
|
| Metals Segment |
$ |
68,097 |
|
|
$ |
52,018 |
|
|
$ |
123,311 |
|
|
$ |
112,681 |
|
|
|
|
|
| Specialty Chemicals Segment |
14,990 |
|
|
14,118 |
|
|
29,554 |
|
|
28,152 |
|
|
|
|
|
|
$ |
83,087 |
|
|
$ |
66,136 |
|
|
$ |
152,865 |
|
|
$ |
140,833 |
|
|
|
|
|
| Operating income (loss) |
|
|
|
|
|
|
|
|
|
|
|
| Metals Segment |
$ |
7,504 |
|
|
$ |
(9,155) |
|
|
$ |
10,081 |
|
|
$ |
(8,221) |
|
|
|
|
|
| Specialty Chemicals Segment |
(414) |
|
|
1,980 |
|
|
642 |
|
|
2,447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unallocated corporate expenses |
1,360 |
|
|
1,586 |
|
|
3,127 |
|
|
3,607 |
|
|
|
|
|
| Acquisition costs and other |
— |
|
|
6 |
|
|
— |
|
|
135 |
|
|
|
|
|
| Proxy contest costs and recoveries |
632 |
|
|
2,734 |
|
|
168 |
|
|
2,909 |
|
|
|
|
|
Earn-out adjustments |
1,044 |
|
|
(827) |
|
|
1,270 |
|
|
(823) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating income (loss) |
4,054 |
|
|
(10,674) |
|
|
6,158 |
|
|
(11,602) |
|
|
|
|
|
| Interest expense |
353 |
|
|
532 |
|
|
739 |
|
|
1,251 |
|
|
|
|
|
| Loss on extinguishment of debt |
— |
|
|
— |
|
|
223 |
|
|
— |
|
|
|
|
|
| Change in fair value of interest rate swap |
— |
|
|
(4) |
|
|
(2) |
|
|
81 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other expense (income), net |
— |
|
|
(2,129) |
|
|
162 |
|
|
(1,303) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) before income taxes |
$ |
3,701 |
|
|
$ |
(9,073) |
|
|
$ |
5,036 |
|
|
$ |
(11,631) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
|
|
|
|
|
| (in thousands) |
June 30, 2021 |
|
December 31, 2020 |
|
|
|
|
|
|
|
|
| Identifiable assets |
|
|
|
|
|
|
|
|
|
|
|
| Metals Segment |
$ |
152,653 |
|
|
$ |
141,799 |
|
|
|
|
|
|
|
|
|
| Specialty Chemicals Segment |
27,932 |
|
|
25,039 |
|
|
|
|
|
|
|
|
|
| Corporate |
36,452 |
|
|
40,146 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
217,037 |
|
|
$ |
206,984 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|