| Schedule of Segment Information |
The following table summarizes certain information regarding segments of the Company's operations:
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Three Months Ended March 31, |
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| (in thousands) |
2022 |
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2021 |
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| Net sales |
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| Metals Segment |
$ |
88,497 |
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$ |
55,213 |
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| Specialty Chemicals Segment |
27,721 |
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14,565 |
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$ |
116,218 |
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$ |
69,778 |
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| Operating income |
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| Metals Segment |
$ |
14,492 |
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$ |
2,577 |
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| Specialty Chemicals Segment |
2,387 |
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1,056 |
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| Unallocated corporate expenses |
3,029 |
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1,767 |
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| Acquisition costs and other |
531 |
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— |
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| Proxy contest costs and recoveries |
— |
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(464) |
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Earn-out adjustments |
102 |
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225 |
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| Operating income |
13,217 |
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2,105 |
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| Interest expense |
403 |
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387 |
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| Loss on extinguishment of debt |
— |
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223 |
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| Change in fair value of interest rate swap |
— |
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(2) |
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| Other, net |
(35) |
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162 |
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| Income before income taxes |
$ |
12,849 |
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$ |
1,335 |
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As of |
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| (in thousands) |
March 31, 2022 |
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December 31, 2021 |
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| Identifiable assets |
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| Metals Segment |
$ |
177,039 |
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$ |
160,625 |
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| Specialty Chemicals Segment |
80,342 |
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72,908 |
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| Corporate |
32,252 |
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32,469 |
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$ |
289,633 |
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$ |
266,002 |
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