| Segment Information |
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Three Months Ended |
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Nine Months Ended |
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Oct 3, 2015 |
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Sep 27, 2014 |
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Oct 3, 2015 |
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Sep 27, 2014 |
Net sales |
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Metals Segment |
$ |
23,084,000 |
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$ |
32,899,000 |
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$ |
92,488,000 |
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$ |
102,091,000 |
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Specialty Chemicals Segment |
14,999,000 |
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|
15,553,000 |
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|
47,407,000 |
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|
48,845,000 |
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$ |
38,083,000 |
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$ |
48,452,000 |
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$ |
139,895,000 |
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$ |
150,936,000 |
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Operating (loss) income |
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Metals Segment |
$ |
(548,000 |
) |
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$ |
3,840,000 |
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$ |
5,400,000 |
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$ |
11,000,000 |
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Specialty Chemicals Segment |
1,598,000 |
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|
1,416,000 |
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4,624,000 |
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|
4,772,000 |
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|
1,050,000 |
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|
5,256,000 |
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|
10,024,000 |
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|
15,772,000 |
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Unallocated expenses |
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Corporate |
1,179,000 |
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|
549,000 |
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|
3,448,000 |
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|
2,510,000 |
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Acquisition related costs |
9,000 |
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— |
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|
454,000 |
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(3,000 |
) |
Interest expense |
320,000 |
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|
261,000 |
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|
977,000 |
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|
789,000 |
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Change in fair value of interest rate swap |
247,000 |
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|
(103,000 |
) |
|
233,000 |
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|
192,000 |
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Palmer & Specialty earn-out adjustments |
(2,414,000 |
) |
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— |
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|
(4,897,000 |
) |
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(3,476,000 |
) |
Other income |
— |
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— |
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(137,000 |
) |
|
(7,000 |
) |
Income from continuing operations |
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before income taxes |
$ |
1,709,000 |
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$ |
4,549,000 |
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$ |
9,946,000 |
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$ |
15,767,000 |
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Oct 3, 2015 |
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Jan 3, 2015 |
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Identifiable assets |
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Metals Segment |
$ |
135,196,000 |
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$ |
145,558,000 |
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Specialty Chemicals Segment |
33,792,000 |
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|
32,504,000 |
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Corporate |
8,180,000 |
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|
9,787,000 |
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$ |
177,168,000 |
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$ |
187,849,000 |
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