Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.5.0.2
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION

The following table summarizes certain information regarding segments of the Company's continuing operations:
 
Three Months Ended
 
Six Months Ended
 
Jun 30, 2016
 
Jul 4, 2015
 
Jun 30, 2016
 
Jul 4, 2015
Net sales
 
 
 
 
 
 
 
Metals Segment
$
22,079,000

 
$
33,943,000

 
$
46,041,000

 
$
69,404,000

Specialty Chemicals Segment
12,828,000

 
16,220,000

 
25,178,000

 
32,408,000

 
$
34,907,000

 
$
50,163,000

 
$
71,219,000

 
$
101,812,000

Operating (loss) income
 
 
 
 
 
 
 
Metals Segment
$
(1,649,000
)
 
$
2,832,000

 
$
(2,421,000
)
 
$
5,948,000

Specialty Chemicals Segment
1,322,000

 
1,566,000

 
2,532,000

 
3,026,000

 
(327,000
)
 
4,398,000

 
111,000

 
8,974,000

Less unallocated corporate expenses
1,330,000

 
1,222,000

 
2,622,000

 
2,228,000

Acquisition related costs
75,000

 
5,000

 
75,000

 
445,000

Operating (loss) income
(1,732,000
)
 
3,171,000

 
(2,586,000
)
 
6,301,000

Interest expense
268,000

 
321,000

 
549,000

 
698,000

Change in fair value of interest rate swap
98,000

 
(183,000
)
 
392,000

 
(14,000
)
Palmer earn-out adjustment

 

 

 
(2,483,000
)
Other income

 
(134,000
)
 

 
(137,000
)
 
 
 
 
 
 
 
 
     (Loss) income from operations before income taxes
$
(2,098,000
)
 
$
3,167,000

 
$
(3,527,000
)
 
$
8,237,000

 
 
 
 
 
 
 
 
 
As of
 
 
 
Jun 30, 2016
 
Dec 31, 2015
 
 
 
 
Identifiable assets
 
 
 
 
 
 
 
Metals Segment
$
108,457,000

 
$
112,748,000

 
 
 
 
Specialty Chemicals Segment
32,300,000

 
33,391,000

 
 
 
 
Corporate
6,757,000

 
2,904,000

 
 
 
 
 
$
147,514,000

 
$
149,043,000