| Segment Information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|