| Segment Information |
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Mar 31, 2016 |
|
Apr 4, 2015 |
Net sales |
|
|
|
Metals Segment |
$ |
23,962,000 |
|
|
$ |
35,461,000 |
|
Specialty Chemicals Segment |
12,350,000 |
|
|
16,187,000 |
|
|
$ |
36,312,000 |
|
|
$ |
51,648,000 |
|
Operating (loss) income |
|
|
|
Metals Segment |
$ |
(771,000 |
) |
|
$ |
3,116,000 |
|
Specialty Chemicals Segment |
1,210,000 |
|
|
1,461,000 |
|
|
439,000 |
|
|
4,577,000 |
|
Less unallocated corporate expenses |
1,293,000 |
|
|
1,003,000 |
|
Acquisition related costs |
— |
|
|
440,000 |
|
Operating (loss) income |
(854,000 |
) |
|
3,134,000 |
|
Interest expense |
281,000 |
|
|
378,000 |
|
Change in fair value of interest rate swap |
294,000 |
|
|
169,000 |
|
Palmer earn-out adjustment |
— |
|
|
(2,483,000 |
) |
|
|
|
|
(Loss) income from operations before income taxes |
$ |
(1,429,000 |
) |
|
$ |
5,070,000 |
|
|
|
|
|
|
As of |
|
Mar 31, 2016 |
|
Dec 31, 2015 |
Identifiable assets |
|
|
|
Metals Segment |
$ |
111,228,000 |
|
|
$ |
112,748,000 |
|
Specialty Chemicals Segment |
32,903,000 |
|
|
33,391,000 |
|
Corporate |
4,731,000 |
|
|
2,904,000 |
|
|
$ |
148,862,000 |
|
|
$ |
149,043,000 |
|
|