Segment Information |
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Three Months Ended |
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Six Months Ended |
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Jun 28, 2014 |
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Jun 29, 2013 |
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Jun 28, 2014 |
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Jun 29, 2013 |
Net sales |
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Metals Segment |
$ |
41,941,000 |
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$ |
39,043,000 |
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$ |
78,392,000 |
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$ |
79,351,000 |
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Specialty Chemicals Segment |
16,856,000 |
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|
14,404,000 |
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33,291,000 |
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|
27,580,000 |
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$ |
58,797,000 |
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$ |
53,447,000 |
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$ |
111,683,000 |
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$ |
106,931,000 |
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Operating income |
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Metals Segment |
$ |
4,041,000 |
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$ |
1,882,000 |
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$ |
7,027,000 |
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$ |
3,478,000 |
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Specialty Chemicals Segment |
1,715,000 |
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1,596,000 |
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3,357,000 |
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|
2,889,000 |
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5,756,000 |
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|
3,478,000 |
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10,384,000 |
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|
6,367,000 |
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Unallocated expenses |
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Corporate |
1,057,000 |
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|
833,000 |
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1,956,000 |
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1,639,000 |
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Acquisition related costs |
— |
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13,000 |
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(3,000 |
) |
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51,000 |
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Interest expense |
262,000 |
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|
372,000 |
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|
528,000 |
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|
714,000 |
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Change in fair value of interest rate swap |
176,000 |
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|
(495,000 |
) |
|
294,000 |
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|
(633,000 |
) |
Palmer earn-out adjustment |
(3,476,000 |
) |
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— |
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(3,476,000 |
) |
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— |
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Income from continuing operations |
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before income taxes |
$ |
7,737,000 |
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$ |
2,755,000 |
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$ |
11,085,000 |
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$ |
4,596,000 |
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